MEDGEN DR LEFEBVRE: 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.
MEDGEN DR LEFEBVRE
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Tax, wage and social debts +€62,336
up €62,336 (+752%), from €8,289 to €70,625
of which Taxes: +€55,359
- Reserves -€34,056
down €34,056 (-11.3%), from €301,488 to €267,433
of which Distributable reserves: -€32,196
- Current portion of long-term debt +€23,828
up €23,828 (+87.1%), from €27,364 to €51,192
- Other debts -€23,372
down €23,372 (-7.8%), from €299,930 to €276,558
- Debts after one year -€18,516
down €18,516 (-11.8%), from €157,203 to €138,688
- Gross operating margin +€394,158
up €394,158 (+135%), from €292,903 to €687,062
- Taxes +€22,096
up €22,096 (+44.6%), from €49,524 to €71,620
- Financial charges +€8,622
up €8,622 (+84.0%), from €10,262 to €18,883
- Staff costs +€8,080
up €8,080 (+18.4%), from €44,017 to €52,097
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 | €845,543 | €842,232 | -€3,311 | -0.4% |
| Fixed assets | 21/28 | €768,118 | €763,065 | -€5,053 | -0.7% |
| Tangible fixed assets | 22/27 | €173,618 | €168,565 | -€5,053 | -2.9% |
| Plant, machinery and equipment | 23 | €12,068 | €16,108 | +€4,041 | +33.5% |
| Furniture and vehicles | 24 | €7,560 | €1,432 | -€6,128 | -81.1% |
| Other tangible fixed assets | 26 | €153,990 | €151,025 | -€2,966 | -1.9% |
| Financial fixed assets | 28 | €594,500 | €594,500 | = | 0.0% |
| Current assets | 29/58 | €77,425 | €79,167 | +€1,742 | +2.2% |
| Amounts receivable within one year | 40/41 | €14,319 | €8,857 | -€5,463 | -38.2% |
| Trade receivables | 40 | €3,660 | €3,184 | -€476 | -13.0% |
| Other amounts receivable | 41 | €10,660 | €5,673 | -€4,987 | -46.8% |
| Cash at bank and in hand | 54/58 | €63,106 | €66,554 | +€3,448 | +5.5% |
| Deferred charges and accrued income | 490/1 | - | €3,757 | +€3,757 | |
| Total equity and liabilities | 10/49 | €845,543 | €842,232 | -€3,311 | -0.4% |
| Equity | 10/15 | €320,088 | €286,033 | -€34,056 | -10.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €301,488 | €267,433 | -€34,056 | -11.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €299,628 | €267,433 | -€32,196 | -10.7% |
| Amounts payable | 17/49 | €525,455 | €556,199 | +€30,744 | +5.9% |
| Amounts payable after more than one year | 17 | €157,203 | €138,688 | -€18,516 | -11.8% |
| Financial debts | 170/4 | €157,203 | €138,688 | -€18,516 | -11.8% |
| Amounts payable within one year | 42/48 | €358,480 | €412,401 | +€53,921 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €27,364 | €51,192 | +€23,828 | +87.1% |
| Trade debts | 44 | €22,897 | €14,026 | -€8,871 | -38.7% |
| Suppliers | 440/4 | €22,897 | €14,026 | -€8,871 | -38.7% |
| Taxes, remuneration and social security | 45 | €8,289 | €70,625 | +€62,336 | +752% |
| Taxes | 450/3 | €2,246 | €57,605 | +€55,359 | +2,465% |
| Remuneration and social security | 454/9 | €6,043 | €13,020 | +€6,977 | +115% |
| Other amounts payable | 47/48 | €299,930 | €276,558 | -€23,372 | -7.8% |
| Accrued charges and deferred income | 492/3 | €9,772 | €5,111 | -€4,661 | -47.7% |
| Remuneration, social security and pensions | 62 | €44,017 | €52,097 | +€8,080 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,726 | €28,625 | +€1,899 | +7.1% |
| Other operating charges | 640/8 | €510 | €190 | -€320 | -62.7% |
| Gross operating margin | 9900 | €292,903 | €687,062 | +€394,158 | +135% |
| Operating profit (loss) | 9901 | €221,650 | €606,150 | +€384,499 | +173% |
| Financial income | 75/76B | €164 | €298 | +€134 | +82.0% |
| Recurring financial income | 75 | €164 | €298 | +€134 | +82.0% |
| Financial charges | 65/66B | €10,262 | €18,883 | +€8,622 | +84.0% |
| Recurring financial charges | 65 | €10,262 | €18,883 | +€8,622 | +84.0% |
| Profit (loss) for the period before taxes | 9903 | €211,552 | €587,564 | +€376,012 | +178% |
| Income taxes | 67/77 | €49,524 | €71,620 | +€22,096 | +44.6% |
| Profit (loss) for the period | 9904 | €162,028 | €515,944 | +€353,916 | +218% |
| Transfer from tax-exempt reserves | 789 | €137,600 | - | -€137,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €299,628 | €515,944 | +€216,316 | +72.2% |
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 30 October 2026 via checked.be.