MEDCOT: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MEDCOT
Largest movements
- Receivables after one year -€82,000
no longer reported in 2025 (was €82,000)
- Cash +€59,392
up €59,392 (+113.7%), from €52,213 to €111,605
mainly Receivables after one year (+€82,000) and Depreciation (+€18,505)
- Receivables within one year -€9,218
down €9,218 (-47.5%), from €19,425 to €10,207
of which Other amounts receivable: -€7,598
- Reserves -€25,305
down €25,305 (-8.4%), from €300,255 to €274,950
of which Distributable reserves: -€25,305
- Debts after one year -€13,822
down €13,822 (-10.9%), from €127,360 to €113,538
- Other debts +€8,430
up €8,430 (+211.1%), from €3,994 to €12,424
- Gross operating margin -€21,179
down €21,179 (-28.4%), from €74,623 to €53,444
- Depreciation -€10,158
down €10,158 (-35.4%), from €28,664 to €18,505
- Financial income -€5,574
down €5,574 (-61.7%), from €9,035 to €3,461
- Other operating charges +€3,820
up €3,820 (+148.9%), from €2,566 to €6,386
- Taxes -€1,805
down €1,805 (-12.7%), from €14,258 to €12,453
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €575,148 | €542,923 | -€32,225 | -5.6% |
| Fixed assets | 21/28 | €132,628 | €129,904 | -€2,723 | -2.1% |
| Tangible fixed assets | 22/27 | €132,628 | €129,904 | -€2,723 | -2.1% |
| Land and buildings | 22 | €15,730 | €24,983 | +€9,254 | +58.8% |
| Plant, machinery and equipment | 23 | €8,735 | €7,457 | -€1,278 | -14.6% |
| Furniture and vehicles | 24 | €5,013 | €5,756 | +€742 | +14.8% |
| Leasing and similar rights | 25 | €103,149 | €91,709 | -€11,441 | -11.1% |
| Current assets | 29/58 | €442,520 | €413,018 | -€29,502 | -6.7% |
| Amounts receivable after more than one year | 29 | €82,000 | - | -€82,000 | |
| Other amounts receivable | 291 | €82,000 | - | -€82,000 | |
| Amounts receivable within one year | 40/41 | €19,425 | €10,207 | -€9,218 | -47.5% |
| Trade receivables | 40 | €1,620 | - | -€1,620 | |
| Other amounts receivable | 41 | €17,805 | €10,207 | -€7,598 | -42.7% |
| Current investments | 50/53 | €123,361 | €123,360 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €52,213 | €111,605 | +€59,392 | +113.7% |
| Deferred charges and accrued income | 490/1 | €165,522 | €167,846 | +€2,324 | +1.4% |
| Total equity and liabilities | 10/49 | €575,148 | €542,923 | -€32,225 | -5.6% |
| Equity | 10/15 | €318,855 | €293,775 | -€25,080 | -7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €300,255 | €274,950 | -€25,305 | -8.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €298,395 | €273,090 | -€25,305 | -8.5% |
| Profit (loss) carried forward | 14 | - | €225 | +€225 | |
| Provisions and deferred taxes | 16 | €108,408 | €108,408 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €108,408 | €108,408 | = | 0.0% |
| Pensions and similar obligations | 160 | €108,408 | €108,408 | = | 0.0% |
| Amounts payable | 17/49 | €147,885 | €140,740 | -€7,145 | -4.8% |
| Amounts payable after more than one year | 17 | €127,360 | €113,538 | -€13,822 | -10.9% |
| Financial debts | 170/4 | €127,360 | €113,538 | -€13,822 | -10.9% |
| Amounts payable within one year | 42/48 | €20,525 | €27,202 | +€6,677 | +32.5% |
| Current portion of amounts payable after more than one year | 42 | €13,291 | €13,822 | +€532 | +4.0% |
| Trade debts | 44 | €135 | €452 | +€317 | +234.2% |
| Suppliers | 440/4 | €135 | €452 | +€317 | +234.2% |
| Taxes, remuneration and social security | 45 | €3,106 | €504 | -€2,602 | -83.8% |
| Taxes | 450/3 | €3,106 | €504 | -€2,602 | -83.8% |
| Other amounts payable | 47/48 | €3,994 | €12,424 | +€8,430 | +211.1% |
| Non-recurring operating income | 76A | - | €191 | +€191 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,664 | €18,505 | -€10,158 | -35.4% |
| Other operating charges | 640/8 | €2,566 | €6,386 | +€3,820 | +148.9% |
| Gross operating margin | 9900 | €74,623 | €53,444 | -€21,179 | -28.4% |
| Operating profit (loss) | 9901 | €43,394 | €28,552 | -€14,841 | -34.2% |
| Financial income | 75/76B | €9,035 | €3,461 | -€5,574 | -61.7% |
| Recurring financial income | 75 | €9,035 | €3,461 | -€5,574 | -61.7% |
| Financial charges | 65/66B | €18,252 | €19,335 | +€1,084 | +5.9% |
| Recurring financial charges | 65 | €18,252 | €19,335 | +€1,084 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €34,177 | €12,678 | -€21,499 | -62.9% |
| Income taxes | 67/77 | €14,258 | €12,453 | -€1,805 | -12.7% |
| Profit (loss) for the period | 9904 | €19,919 | €225 | -€19,694 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,919 | €225 | -€19,694 | -98.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.