MEDECIN GROZDEV IVAN: what changed
Two financial 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.
MEDECIN GROZDEV IVAN
Largest movements
- Cash +€96,802
up €96,802 (+24.2%), from €399,811 to €496,612
mainly Net result for the year (+€68,422) and Depreciation (+€17,257)
- Tangible fixed assets -€16,643
down €16,643 (-24.6%), from €67,677 to €51,034
of which Plant, machinery and equipment: -€15,790
- Receivables after one year -€14,533
down €14,533 (-10.7%), from €135,349 to €120,817
- Receivables within one year +€7,275
up €7,275 (+37.8%), from €19,268 to €26,543
- Reserves +€68,422
up €68,422 (+53.5%), from €127,988 to €196,410
of which Distributable reserves: +€68,422
- Gross operating margin -€16,035
down €16,035 (-12.6%), from €126,772 to €110,737
- Taxes +€3,997
up €3,997 (+17.0%), from €23,511 to €27,509
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 | €625,632 | €698,673 | +€73,041 | +11.7% |
| Fixed assets | 21/28 | €67,677 | €51,034 | -€16,643 | -24.6% |
| Tangible fixed assets | 22/27 | €67,677 | €51,034 | -€16,643 | -24.6% |
| Plant, machinery and equipment | 23 | €63,126 | €47,336 | -€15,790 | -25.0% |
| Furniture and vehicles | 24 | €4,551 | €3,698 | -€854 | -18.8% |
| Current assets | 29/58 | €557,954 | €647,638 | +€89,684 | +16.1% |
| Amounts receivable after more than one year | 29 | €135,349 | €120,817 | -€14,533 | -10.7% |
| Other amounts receivable | 291 | €135,349 | €120,817 | -€14,533 | -10.7% |
| Amounts receivable within one year | 40/41 | €19,268 | €26,543 | +€7,275 | +37.8% |
| Other amounts receivable | 41 | €19,268 | €26,543 | +€7,275 | +37.8% |
| Cash at bank and in hand | 54/58 | €399,811 | €496,612 | +€96,802 | +24.2% |
| Deferred charges and accrued income | 490/1 | €3,527 | €3,667 | +€140 | +4.0% |
| Total equity and liabilities | 10/49 | €625,632 | €698,673 | +€73,041 | +11.7% |
| Equity | 10/15 | €624,877 | €693,300 | +€68,422 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €127,988 | €196,410 | +€68,422 | +53.5% |
| 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 | €126,128 | €194,550 | +€68,422 | +54.2% |
| Profit (loss) carried forward | 14 | €478,290 | €478,290 | = | 0.0% |
| Amounts payable | 17/49 | €754 | €5,373 | +€4,618 | +612.3% |
| Amounts payable within one year | 42/48 | €754 | €5,373 | +€4,618 | +612.3% |
| Trade debts | 44 | €754 | €4,579 | +€3,824 | +507.0% |
| Suppliers | 440/4 | €754 | €4,579 | +€3,824 | +507.0% |
| Taxes, remuneration and social security | 45 | - | €794 | +€794 | |
| Taxes | 450/3 | - | €794 | +€794 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,417 | €17,257 | -€160 | -0.9% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €126,772 | €110,737 | -€16,035 | -12.6% |
| Operating profit (loss) | 9901 | €108,971 | €93,093 | -€15,878 | -14.6% |
| Financial income | 75/76B | €2,570 | €3,019 | +€449 | +17.5% |
| Recurring financial income | 75 | €2,570 | €3,019 | +€449 | +17.5% |
| Financial charges | 65/66B | €181 | €181 | +€0 | 0.0% |
| Recurring financial charges | 65 | €181 | €181 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €111,360 | €95,931 | -€15,429 | -13.9% |
| Income taxes | 67/77 | €23,511 | €27,509 | +€3,997 | +17.0% |
| Profit (loss) for the period | 9904 | €87,849 | €68,422 | -€19,426 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €87,849 | €68,422 | -€19,426 | -22.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.