MEDFAB: what changed
Two fiscal 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.
MEDFAB
Largest movements
- Cash +€31,812
up €31,812 (+59.4%), from €53,562 to €85,374
mainly Net result for the year (+€22,788) and Depreciation (+€10,130)
- Tangible fixed assets -€10,130
down €10,130 (-26.1%), from €38,859 to €28,729
of which Furniture and vehicles: -€6,472
- Receivables within one year -€5,203
no longer reported in 2025 (was €5,203)
of which Other amounts receivable: -€3,396
- Deferred charges and accrued income -€2,482
down €2,482 (-50.3%), from €4,938 to €2,456
- Profit (loss) carried forward +€22,788
up €22,788 (+32.1%), from €70,959 to €93,747
- Other debts -€11,121
down €11,121 (-68.5%), from €16,230 to €5,109
- Tax, wage and social debts +€8,404
up €8,404 (+278.3%), from €3,020 to €11,424
- Current portion of long-term debt -€6,077
no longer reported in 2025 (was €6,077)
- Financial charges -€30,890
down €30,890 (-99.5%), from €31,030 to €140
- Taxes +€6,764
up €6,764 (+421.8%), from €1,604 to €8,367
- Gross operating margin +€711
up €711 (+1.7%), from €41,958 to €42,668
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 | €102,561 | €116,558 | +€13,997 | +13.6% |
| Fixed assets | 21/28 | €38,859 | €28,729 | -€10,130 | -26.1% |
| Tangible fixed assets | 22/27 | €38,859 | €28,729 | -€10,130 | -26.1% |
| Furniture and vehicles | 24 | €6,630 | €159 | -€6,472 | -97.6% |
| Other tangible fixed assets | 26 | €32,229 | €28,570 | -€3,659 | -11.4% |
| Current assets | 29/58 | €63,703 | €87,830 | +€24,127 | +37.9% |
| Amounts receivable within one year | 40/41 | €5,203 | - | -€5,203 | |
| Trade receivables | 40 | €1,807 | - | -€1,807 | |
| Other amounts receivable | 41 | €3,396 | - | -€3,396 | |
| Cash at bank and in hand | 54/58 | €53,562 | €85,374 | +€31,812 | +59.4% |
| Deferred charges and accrued income | 490/1 | €4,938 | €2,456 | -€2,482 | -50.3% |
| Total equity and liabilities | 10/49 | €102,561 | €116,558 | +€13,997 | +13.6% |
| Equity | 10/15 | €77,159 | €99,947 | +€22,788 | +29.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,959 | €93,747 | +€22,788 | +32.1% |
| Amounts payable | 17/49 | €25,402 | €16,611 | -€8,791 | -34.6% |
| Amounts payable within one year | 42/48 | €25,402 | €16,611 | -€8,791 | -34.6% |
| Current portion of amounts payable after more than one year | 42 | €6,077 | - | -€6,077 | |
| Trade debts | 44 | €75 | €78 | +€3 | +3.7% |
| Suppliers | 440/4 | €75 | €78 | +€3 | +3.7% |
| Taxes, remuneration and social security | 45 | €3,020 | €11,424 | +€8,404 | +278.3% |
| Taxes | 450/3 | €3,020 | €11,424 | +€8,404 | +278.3% |
| Other amounts payable | 47/48 | €16,230 | €5,109 | -€11,121 | -68.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,886 | €10,130 | +€245 | +2.5% |
| Other operating charges | 640/8 | €1,196 | €1,243 | +€47 | +3.9% |
| Gross operating margin | 9900 | €41,958 | €42,668 | +€711 | +1.7% |
| Operating profit (loss) | 9901 | €30,876 | €31,295 | +€419 | +1.4% |
| Financial charges | 65/66B | €31,030 | €140 | -€30,890 | -99.5% |
| Recurring financial charges | 65 | €31,030 | €140 | -€30,890 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | -€154 | €31,155 | +€31,309 | |
| Income taxes | 67/77 | €1,604 | €8,367 | +€6,764 | +421.8% |
| Profit (loss) for the period | 9904 | -€1,757 | €22,788 | +€24,545 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,757 | €22,788 | +€24,545 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.