Medexon: 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.
Medexon
Largest movements
- Cash -€66,257
down €66,257 (-34.2%), from €193,567 to €127,311
mainly Investment in fixed assets (net) (-€67,891) and Debts after one year (-€43,948)
- Formation expenses +€57,143
new in 2025: €57,143
- Tangible fixed assets -€50,379
down €50,379 (-21.6%), from €233,259 to €182,881
of which Plant, machinery and equipment: -€44,067
- Receivables within one year -€29,466
down €29,466 (-35.4%), from €83,248 to €53,782
of which Other amounts receivable: -€25,048
- Deferred charges and accrued income -€6,991
down €6,991 (-77.0%), from €9,080 to €2,089
- Debts after one year -€43,948
down €43,948 (-32.2%), from €136,545 to €92,597
- Profit (loss) carried forward -€29,670
down €29,670 (-158%), from -€18,766 to -€48,436
- Trade debts -€19,346
down €19,346 (-39.7%), from €48,734 to €29,387
- Depreciation +€28,446
up €28,446 (+87.0%), from €32,680 to €61,127
- Gross operating margin +€6,432
up €6,432 (+20.2%), from €31,819 to €38,251
- Financial charges +€711
up €711 (+12.4%), from €5,726 to €6,437
- Other operating charges -€677
down €677 (-48.7%), from €1,390 to €713
- Financial income +€553
up €553 (+21,534%), from €3 to €556
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 | €522,975 | €427,025 | -€95,950 | -18.3% |
| Formation expenses | 20 | - | €57,143 | +€57,143 | |
| Fixed assets | 21/28 | €237,079 | €186,701 | -€50,379 | -21.2% |
| Tangible fixed assets | 22/27 | €233,259 | €182,881 | -€50,379 | -21.6% |
| Plant, machinery and equipment | 23 | €191,026 | €146,959 | -€44,067 | -23.1% |
| Furniture and vehicles | 24 | €42,233 | €35,921 | -€6,312 | -14.9% |
| Financial fixed assets | 28 | €3,820 | €3,820 | = | 0.0% |
| Current assets | 29/58 | €285,896 | €183,182 | -€102,714 | -35.9% |
| Amounts receivable within one year | 40/41 | €83,248 | €53,782 | -€29,466 | -35.4% |
| Trade receivables | 40 | €47,591 | €43,173 | -€4,418 | -9.3% |
| Other amounts receivable | 41 | €35,657 | €10,609 | -€25,048 | -70.2% |
| Cash at bank and in hand | 54/58 | €193,567 | €127,311 | -€66,257 | -34.2% |
| Deferred charges and accrued income | 490/1 | €9,080 | €2,089 | -€6,991 | -77.0% |
| Total equity and liabilities | 10/49 | €522,975 | €427,025 | -€95,950 | -18.3% |
| Equity | 10/15 | €289,569 | €259,899 | -€29,670 | -10.2% |
| Contributions | 10/11 | €270,000 | €270,000 | = | 0.0% |
| Reserves | 13 | €38,335 | €38,335 | = | 0.0% |
| Distributable reserves | 133 | €38,335 | €38,335 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,766 | -€48,436 | -€29,670 | -158% |
| Amounts payable | 17/49 | €233,406 | €167,126 | -€66,281 | -28.4% |
| Amounts payable after more than one year | 17 | €136,545 | €92,597 | -€43,948 | -32.2% |
| Financial debts | 170/4 | €136,545 | €92,597 | -€43,948 | -32.2% |
| Amounts payable within one year | 42/48 | €96,861 | €74,528 | -€22,333 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €46,873 | €43,948 | -€2,925 | -6.2% |
| Financial debts | 43 | €1,254 | €1,193 | -€61 | -4.9% |
| Credit institutions | 430/8 | €1,254 | €1,193 | -€61 | -4.9% |
| Trade debts | 44 | €48,734 | €29,387 | -€19,346 | -39.7% |
| Suppliers | 440/4 | €48,734 | €29,387 | -€19,346 | -39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,680 | €61,127 | +€28,446 | +87.0% |
| Other operating charges | 640/8 | €1,390 | €713 | -€677 | -48.7% |
| Non-recurring operating charges | 66A | €10,425 | - | -€10,425 | |
| Gross operating margin | 9900 | €31,819 | €38,251 | +€6,432 | +20.2% |
| Operating profit (loss) | 9901 | -€12,676 | -€23,589 | -€10,913 | -86.1% |
| Financial income | 75/76B | €3 | €556 | +€553 | +21,534% |
| Recurring financial income | 75 | €3 | €556 | +€553 | +21,534% |
| Financial charges | 65/66B | €5,726 | €6,437 | +€711 | +12.4% |
| Recurring financial charges | 65 | €5,726 | €6,437 | +€711 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,399 | -€29,470 | -€11,071 | -60.2% |
| Income taxes | 67/77 | €367 | €200 | -€168 | -45.7% |
| Profit (loss) for the period | 9904 | -€18,766 | -€29,670 | -€10,903 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,766 | -€29,670 | -€10,903 | -58.1% |
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.