MEDENVISION: 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.
What changed
MEDENVISION
NACE 32.500, Manufacture of medical and dental instruments and supplies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5.6m
2024 · €4.0m+€1.6m
Equity
€9.9m
2024 · €8.3m+€1.6m
Cash
€4.9m
2024 · €714,297+€4.2m
Balance sheet total
€11.3m
2024 · €9.8m+€1.4m
Largest movements
Assets
- Cash +€4.2m
up €4.2m (+592%), from €714,297 to €4.9m
mainly Net result for the year (+€5.6m) and Current investments (+€2.6m)
- Current investments -€2.6m
down €2.6m (-100%), from €2.6m to €0
- Stocks and contracts -€431,970
down €431,970 (-24.4%), from €1.8m to €1.3m
- Receivables within one year +€230,121
up €230,121 (+7.0%), from €3.3m to €3.5m
of which Trade receivables: +€612,298
Equity and liabilities
- Reserves +€1.6m
up €1.6m (+20.2%), from €8.0m to €9.7m
of which Distributable reserves: +€1.6m
- Trade debts -€499,470
down €499,470 (-39.3%), from €1.3m to €771,085
- Tax, wage and social debts +€284,409
up €284,409 (+1,390%), from €20,461 to €304,870
of which Taxes: +€273,382
- Short-term financial debts +€137,403
up €137,403 (+92.4%), from €148,746 to €286,149
Income statement
- Turnover +€3.8m
up €3.8m (+28.8%), from €13.2m to €17.0m
- Goods and materials +€1.1m
up €1.1m (+22.4%), from €5.0m to €6.1m
of which Purchases: +€586,782
- Taxes +€466,254
up €466,254 (+73.6%), from €633,251 to €1.1m
- Financial charges +€242,686
up €242,686 (+170%), from €142,560 to €385,247
- Staff costs +€227,855
up €227,855 (+169%), from €134,822 to €362,677
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.
Result 2024
€4.0m
Turnover
+€3.8m
Other operating income
+€1,544
Goods and materials
-€1.1m
Services and other goods
-€125,716
Staff costs
-€227,855
Depreciation
-€96
Other operating charges
+€1,290
Financial income
-€20,568
Financial charges
-€242,686
Taxes
-€466,254
Result 2025
€5.6m
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€5.6m
Investment
+€2.5m
Financing
-€3.9m
Cash 2024
€714,297
From operations (derived)
+€5.6m
Net result for the year
+€5.6m
Depreciation
+€19,097
Receivables after one year
-€21,357
Stocks and contracts
+€431,970
Receivables within one year
-€230,121
Deferred charges and accrued income
+€50,508
Trade debts
-€499,470
Tax, wage and social debts
+€284,409
Accrued charges and deferred income
-€78,429
Investment (derived)
+€2.5m
Investment in fixed assets (net)
-€26,422
Current investments
+€2.6m
Financing
-€3.9m
Debts after one year
-€13,642
Current portion of long-term debt
-€27,016
Short-term financial debts
+€137,403
Contributions, distributions and other
-€4.0m
Cash 2025
€4.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,844,179 | €11,273,497 | +€1.4m | +14.5% |
| Fixed assets | 21/28 | €37,166 | €44,491 | +€7,325 | +19.7% |
| Tangible fixed assets | 22/27 | €37,166 | €44,491 | +€7,325 | +19.7% |
| Plant, machinery and equipment | 23 | €19,170 | €11,033 | -€8,137 | -42.4% |
| Furniture and vehicles | 24 | €13,979 | €33,458 | +€19,479 | +139% |
| Other tangible fixed assets | 26 | €4,017 | €0 | -€4,017 | -100% |
| Current assets | 29/58 | €9,807,013 | €11,229,006 | +€1.4m | +14.5% |
| Amounts receivable after more than one year | 29 | €293,038 | €314,395 | +€21,357 | +7.3% |
| Other amounts receivable | 291 | €293,038 | €314,395 | +€21,357 | +7.3% |
| Stocks and contracts in progress | 3 | €1,768,615 | €1,336,645 | -€431,970 | -24.4% |
| Stocks | 30/36 | €1,768,615 | €1,336,645 | -€431,970 | -24.4% |
| Goods purchased for resale | 34 | €1,768,615 | €1,336,645 | -€431,970 | -24.4% |
| Amounts receivable within one year | 40/41 | €3,286,406 | €3,516,527 | +€230,121 | +7.0% |
| Trade receivables | 40 | €2,573,891 | €3,186,189 | +€612,298 | +23.8% |
| Other amounts receivable | 41 | €712,516 | €330,339 | -€382,177 | -53.6% |
| Current investments | 50/53 | €2,573,790 | €0 | -€2.6m | -100% |
| Other investments | 51/53 | €2,573,790 | €0 | -€2.6m | -100% |
| Cash at bank and in hand | 54/58 | €714,297 | €4,941,080 | +€4.2m | +592% |
| Deferred charges and accrued income | 490/1 | €1,170,867 | €1,120,358 | -€50,508 | -4.3% |
| Total equity and liabilities | 10/49 | €9,844,179 | €11,273,497 | +€1.4m | +14.5% |
| Equity | 10/15 | €8,271,689 | €9,897,751 | +€1.6m | +19.7% |
| Contributions | 10/11 | €238,600 | €238,600 | = | 0.0% |
| Reserves | 13 | €8,033,089 | €9,659,151 | +€1.6m | +20.2% |
| Tax-exempt reserves | 132 | €740,960 | €740,960 | = | 0.0% |
| Distributable reserves | 133 | €7,292,129 | €8,918,191 | +€1.6m | +22.3% |
| Amounts payable | 17/49 | €1,572,490 | €1,375,746 | -€196,745 | -12.5% |
| Amounts payable after more than one year | 17 | €13,642 | €0 | -€13,642 | -100% |
| Financial debts | 170/4 | €13,642 | €0 | -€13,642 | -100% |
| Credit institutions | 173 | €13,642 | €0 | -€13,642 | -100% |
| Amounts payable within one year | 42/48 | €1,480,420 | €1,375,746 | -€104,674 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €40,658 | €13,642 | -€27,016 | -66.4% |
| Financial debts | 43 | €148,746 | €286,149 | +€137,403 | +92.4% |
| Credit institutions | 430/8 | €148,746 | €286,149 | +€137,403 | +92.4% |
| Trade debts | 44 | €1,270,555 | €771,085 | -€499,470 | -39.3% |
| Suppliers | 440/4 | €1,270,555 | €771,085 | -€499,470 | -39.3% |
| Taxes, remuneration and social security | 45 | €20,461 | €304,870 | +€284,409 | +1,390% |
| Taxes | 450/3 | €3,376 | €276,759 | +€273,382 | +8,097% |
| Remuneration and social security | 454/9 | €17,085 | €28,112 | +€11,027 | +64.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €78,429 | €0 | -€78,429 | -100% |
| Operating income | 70/76A | €13,205,748 | €16,999,738 | +€3.8m | +28.7% |
| Turnover | 70 | €13,189,015 | €16,981,462 | +€3.8m | +28.8% |
| Other operating income | 74 | €16,732 | €18,277 | +€1,544 | +9.2% |
| Operating charges | 60/66A | €8,611,783 | €10,078,011 | +€1.5m | +17.0% |
| Goods for resale, raw materials and consumables | 60 | €4,967,492 | €6,081,342 | +€1.1m | +22.4% |
| Purchases | 600/8 | €5,062,590 | €5,649,372 | +€586,782 | +11.6% |
| Change in stocks: decrease (increase) | 609 | -€95,098 | €431,970 | +€527,068 | |
| Services and other goods | 61 | €3,488,281 | €3,613,997 | +€125,716 | +3.6% |
| Remuneration, social security and pensions | 62 | €134,822 | €362,677 | +€227,855 | +169% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,001 | €19,097 | +€96 | +0.5% |
| Other operating charges | 640/8 | €2,187 | €897 | -€1,290 | -59.0% |
| Operating profit (loss) | 9901 | €4,593,965 | €6,921,728 | +€2.3m | +50.7% |
| Financial income | 75/76B | €177,413 | €156,845 | -€20,568 | -11.6% |
| Recurring financial income | 75 | €177,413 | €156,845 | -€20,568 | -11.6% |
| Income from current assets | 751 | €50,958 | €109,187 | +€58,229 | +114% |
| Other financial income | 752/9 | €126,454 | €47,658 | -€78,797 | -62.3% |
| Financial charges | 65/66B | €142,560 | €385,247 | +€242,686 | +170% |
| Recurring financial charges | 65 | €142,560 | €385,247 | +€242,686 | +170% |
| Debt charges | 650 | €46,974 | €13,675 | -€33,299 | -70.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €95,587 | €371,572 | +€275,985 | +289% |
| Profit (loss) for the period before taxes | 9903 | €4,628,817 | €6,693,326 | +€2.1m | +44.6% |
| Income taxes | 67/77 | €633,251 | €1,099,505 | +€466,254 | +73.6% |
| Taxes | 670/3 | €633,251 | €1,099,505 | +€466,254 | +73.6% |
| Profit (loss) for the period | 9904 | €3,995,566 | €5,593,821 | +€1.6m | +40.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €3,995,566 | €5,593,821 | +€1.6m | +40.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.