Medexbert: 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.
Medexbert
Largest movements
- Current investments +€312,122
new in 2025: €312,122
- Receivables within one year -€254,754
down €254,754 (-54.6%), from €466,474 to €211,720
of which Other amounts receivable: -€256,670
- Cash -€88,209
down €88,209 (-89.3%), from €98,761 to €10,552
mainly Current investments (-€312,122) and Contributions, distributions and other (-€114,006)
- Tangible fixed assets -€25,653
down €25,653 (-7.8%), from €328,754 to €303,100
of which Land and buildings: -€14,405
- Tax, wage and social debts -€49,943
down €49,943 (-63.6%), from €78,495 to €28,552
- Debts after one year -€40,012
down €40,012 (-18.6%), from €214,873 to €174,861
- Other debts +€20,000
up €20,000 (+42.6%), from €46,954 to €66,954
- Reserves +€15,395
up €15,395 (+3.3%), from €468,543 to €483,938
of which Distributable reserves: +€15,395
- Gross operating margin -€143,787
down €143,787 (-39.9%), from €360,518 to €216,731
- Taxes -€56,069
down €56,069 (-47.3%), from €118,495 to €62,426
- Financial income -€27,355
down €27,355 (-65.7%), from €41,620 to €14,265
- Other operating charges -€4,576
down €4,576 (-79.9%), from €5,724 to €1,148
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 | €894,944 | €837,495 | -€57,449 | -6.4% |
| Fixed assets | 21/28 | €328,754 | €303,100 | -€25,653 | -7.8% |
| Tangible fixed assets | 22/27 | €328,754 | €303,100 | -€25,653 | -7.8% |
| Land and buildings | 22 | €257,813 | €243,409 | -€14,405 | -5.6% |
| Plant, machinery and equipment | 23 | €4,138 | €1,631 | -€2,508 | -60.6% |
| Furniture and vehicles | 24 | €48,749 | €38,467 | -€10,283 | -21.1% |
| Other tangible fixed assets | 26 | €18,052 | €19,594 | +€1,542 | +8.5% |
| Current assets | 29/58 | €566,190 | €534,394 | -€31,796 | -5.6% |
| Amounts receivable within one year | 40/41 | €466,474 | €211,720 | -€254,754 | -54.6% |
| Trade receivables | 40 | €44 | €1,960 | +€1,916 | +4335.5% |
| Other amounts receivable | 41 | €466,430 | €209,759 | -€256,670 | -55.0% |
| Current investments | 50/53 | - | €312,122 | +€312,122 | |
| Cash at bank and in hand | 54/58 | €98,761 | €10,552 | -€88,209 | -89.3% |
| Deferred charges and accrued income | 490/1 | €955 | €0 | -€955 | -100.0% |
| Total equity and liabilities | 10/49 | €894,944 | €837,495 | -€57,449 | -6.4% |
| Equity | 10/15 | €480,943 | €496,338 | +€15,395 | +3.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €468,543 | €483,938 | +€15,395 | +3.3% |
| Non-distributable reserves | 130/1 | €4,100 | €4,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,100 | €4,100 | = | 0.0% |
| Distributable reserves | 133 | €464,443 | €479,838 | +€15,395 | +3.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €414,001 | €341,156 | -€72,844 | -17.6% |
| Amounts payable after more than one year | 17 | €214,873 | €174,861 | -€40,012 | -18.6% |
| Financial debts | 170/4 | €214,873 | €174,861 | -€40,012 | -18.6% |
| Amounts payable within one year | 42/48 | €199,128 | €166,295 | -€32,833 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €48,965 | €41,408 | -€7,557 | -15.4% |
| Financial debts | 43 | €23,902 | €28,990 | +€5,088 | +21.3% |
| Credit institutions | 430/8 | €23,902 | €28,990 | +€5,088 | +21.3% |
| Trade debts | 44 | €812 | €391 | -€421 | -51.8% |
| Suppliers | 440/4 | €812 | €391 | -€421 | -51.8% |
| Taxes, remuneration and social security | 45 | €78,495 | €28,552 | -€49,943 | -63.6% |
| Taxes | 450/3 | €78,495 | €28,552 | -€49,943 | -63.6% |
| Other amounts payable | 47/48 | €46,954 | €66,954 | +€20,000 | +42.6% |
| Remuneration, social security and pensions | 62 | -€2,801 | €0 | +€2,801 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,802 | €33,347 | +€545 | +1.7% |
| Other operating charges | 640/8 | €5,724 | €1,148 | -€4,576 | -79.9% |
| Gross operating margin | 9900 | €360,518 | €216,731 | -€143,787 | -39.9% |
| Operating profit (loss) | 9901 | €324,793 | €182,235 | -€142,558 | -43.9% |
| Financial income | 75/76B | €41,620 | €14,265 | -€27,355 | -65.7% |
| Recurring financial income | 75 | €41,620 | €14,265 | -€27,355 | -65.7% |
| Financial charges | 65/66B | €4,754 | €4,673 | -€81 | -1.7% |
| Recurring financial charges | 65 | €4,754 | €4,673 | -€81 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €361,659 | €191,827 | -€169,832 | -47.0% |
| Income taxes | 67/77 | €118,495 | €62,426 | -€56,069 | -47.3% |
| Profit (loss) for the period | 9904 | €243,164 | €129,401 | -€113,763 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €243,164 | €129,401 | -€113,763 | -46.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.