MEDEXMA: 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.
MEDEXMA
Largest movements
- Receivables within one year +€37,137
up €37,137 (+49.3%), from €75,301 to €112,438
of which Other amounts receivable: +€36,324
- Tangible fixed assets -€18,919
down €18,919 (-6.0%), from €313,791 to €294,872
of which Plant, machinery and equipment: -€12,100
- Cash +€17,975
up €17,975 (+16.9%), from €106,510 to €124,485
mainly Net result for the year (+€48,646) and Depreciation (+€18,919)
- Reserves +€48,646
up €48,646 (+11.8%), from €412,711 to €461,357
- Debts after one year -€22,524
down €22,524 (-47.9%), from €47,067 to €24,543
- Tax, wage and social debts +€6,807
up €6,807 (+107%), from €6,379 to €13,186
- Gross operating margin +€19,373
up €19,373 (+25.9%), from €74,757 to €94,130
- Taxes +€7,065
up €7,065 (+38.4%), from €18,411 to €25,477
- Financial income +€1,457
up €1,457 (+245%), from €595 to €2,052
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €497,623 | €531,945 | +€34,321 | +6.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €313,791 | €294,872 | -€18,919 | -6.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €313,791 | €294,872 | -€18,919 | -6.0% |
| Land and buildings | 22 | €238,239 | €233,190 | -€5,049 | -2.1% |
| Plant, machinery and equipment | 23 | €72,031 | €59,930 | -€12,100 | -16.8% |
| Furniture and vehicles | 24 | €2,939 | €1,460 | -€1,478 | -50.3% |
| Other tangible fixed assets | 26 | €583 | €292 | -€292 | -50.0% |
| Current assets | 29/58 | €183,832 | €237,072 | +€53,240 | +29.0% |
| Amounts receivable within one year | 40/41 | €75,301 | €112,438 | +€37,137 | +49.3% |
| Trade receivables | 40 | €10,844 | €11,656 | +€812 | +7.5% |
| Other amounts receivable | 41 | €64,457 | €100,781 | +€36,324 | +56.4% |
| Cash at bank and in hand | 54/58 | €106,510 | €124,485 | +€17,975 | +16.9% |
| Deferred charges and accrued income | 490/1 | €2,021 | €150 | -€1,871 | -92.6% |
| Total equity and liabilities | 10/49 | €497,623 | €531,945 | +€34,321 | +6.9% |
| Equity | 10/15 | €418,911 | €467,557 | +€48,646 | +11.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €412,711 | €461,357 | +€48,646 | +11.8% |
| Distributable reserves | 133 | €412,711 | €461,357 | +€48,646 | +11.8% |
| Amounts payable | 17/49 | €78,712 | €64,387 | -€14,325 | -18.2% |
| Amounts payable after more than one year | 17 | €47,067 | €24,543 | -€22,524 | -47.9% |
| Financial debts | 170/4 | €47,067 | €24,543 | -€22,524 | -47.9% |
| Amounts payable within one year | 42/48 | €31,646 | €39,693 | +€8,047 | +25.4% |
| Current portion of amounts payable after more than one year | 42 | €22,398 | €22,524 | +€125 | +0.6% |
| Trade debts | 44 | €2,868 | €883 | -€1,985 | -69.2% |
| Suppliers | 440/4 | €2,868 | €883 | -€1,985 | -69.2% |
| Advances received on contracts in progress | 46 | - | €3,100 | +€3,100 | |
| Taxes, remuneration and social security | 45 | €6,379 | €13,186 | +€6,807 | +107% |
| Taxes | 450/3 | €6,379 | €13,186 | +€6,807 | +107% |
| Accrued charges and deferred income | 492/3 | - | €151 | +€151 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,472 | €18,919 | -€553 | -2.8% |
| Other operating charges | 640/8 | €2,014 | €2,072 | +€58 | +2.9% |
| Gross operating margin | 9900 | €74,757 | €94,130 | +€19,373 | +25.9% |
| Operating profit (loss) | 9901 | €53,271 | €73,138 | +€19,867 | +37.3% |
| Financial income | 75/76B | €595 | €2,052 | +€1,457 | +245% |
| Recurring financial income | 75 | €595 | €2,052 | +€1,457 | +245% |
| Financial charges | 65/66B | €1,444 | €1,067 | -€377 | -26.1% |
| Recurring financial charges | 65 | €1,444 | €1,067 | -€377 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €52,422 | €74,123 | +€21,701 | +41.4% |
| Income taxes | 67/77 | €18,411 | €25,477 | +€7,065 | +38.4% |
| Profit (loss) for the period | 9904 | €34,011 | €48,646 | +€14,635 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,011 | €48,646 | +€14,635 | +43.0% |
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 13 October 2026 via checked.be.