MEDHAERT: 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.
MEDHAERT
Largest movements
- Cash +€60,090
up €60,090 (+206.9%), from €29,047 to €89,137
mainly Net result for the year (+€93,991) and Depreciation (+€47,190)
- Receivables within one year +€40,569
up €40,569 (+94.2%), from €43,070 to €83,639
- Tangible fixed assets -€18,671
down €18,671 (-6.6%), from €282,360 to €263,688
of which Other tangible fixed assets: -€11,009
- Deferred charges and accrued income +€8,460
up €8,460 (+290.1%), from €2,916 to €11,376
- Reserves +€93,962
up €93,962 (+29.9%), from €313,790 to €407,752
of which Distributable reserves: +€93,962
- Debts after one year -€31,176
down €31,176 (-57.5%), from €54,186 to €23,010
- Tax, wage and social debts +€27,466
up €27,466 (+124.1%), from €22,127 to €49,593
- Gross operating margin +€90,858
up €90,858 (+92.8%), from €97,934 to €188,793
- Taxes +€32,651
up €32,651 (+218.8%), from €14,924 to €47,574
- Depreciation -€2,644
down €2,644 (-5.3%), from €49,834 to €47,190
- Financial income +€1,907
up €1,907 (+31.5%), from €6,052 to €7,959
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €452,969 | €543,417 | +€90,447 | +20.0% |
| Fixed assets | 21/28 | €282,744 | €264,073 | -€18,671 | -6.6% |
| Tangible fixed assets | 22/27 | €282,360 | €263,688 | -€18,671 | -6.6% |
| Land and buildings | 22 | €106,900 | €98,700 | -€8,200 | -7.7% |
| Plant, machinery and equipment | 23 | €1,648 | €1,341 | -€307 | -18.6% |
| Furniture and vehicles | 24 | €8,272 | €9,117 | +€845 | +10.2% |
| Other tangible fixed assets | 26 | €165,538 | €154,530 | -€11,009 | -6.7% |
| Financial fixed assets | 28 | €384 | €384 | = | 0.0% |
| Current assets | 29/58 | €170,226 | €279,344 | +€109,118 | +64.1% |
| Amounts receivable after more than one year | 29 | €92,131 | €92,131 | = | 0.0% |
| Other amounts receivable | 291 | €92,131 | €92,131 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,070 | €83,639 | +€40,569 | +94.2% |
| Other amounts receivable | 41 | €43,070 | €83,639 | +€40,569 | +94.2% |
| Current investments | 50/53 | €3,062 | €3,062 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,047 | €89,137 | +€60,090 | +206.9% |
| Deferred charges and accrued income | 490/1 | €2,916 | €11,376 | +€8,460 | +290.1% |
| Total equity and liabilities | 10/49 | €452,969 | €543,417 | +€90,447 | +20.0% |
| Equity | 10/15 | €332,383 | €426,344 | +€93,962 | +28.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €313,790 | €407,752 | +€93,962 | +29.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €311,931 | €405,893 | +€93,962 | +30.1% |
| Amounts payable | 17/49 | €120,587 | €117,072 | -€3,515 | -2.9% |
| Amounts payable after more than one year | 17 | €54,186 | €23,010 | -€31,176 | -57.5% |
| Financial debts | 170/4 | €54,186 | €23,010 | -€31,176 | -57.5% |
| Amounts payable within one year | 42/48 | €66,401 | €91,732 | +€25,332 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €29,203 | €26,725 | -€2,478 | -8.5% |
| Trade debts | 44 | €13,471 | €13,814 | +€344 | +2.6% |
| Suppliers | 440/4 | €13,471 | €13,814 | +€344 | +2.6% |
| Taxes, remuneration and social security | 45 | €22,127 | €49,593 | +€27,466 | +124.1% |
| Taxes | 450/3 | €22,127 | €49,593 | +€27,466 | +124.1% |
| Other amounts payable | 47/48 | €1,600 | €1,600 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,330 | +€2,330 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,834 | €47,190 | -€2,644 | -5.3% |
| Other operating charges | 640/8 | €6,463 | €4,834 | -€1,629 | -25.2% |
| Gross operating margin | 9900 | €97,934 | €188,793 | +€90,858 | +92.8% |
| Operating profit (loss) | 9901 | €41,637 | €136,769 | +€95,132 | +228.5% |
| Financial income | 75/76B | €6,052 | €7,959 | +€1,907 | +31.5% |
| Recurring financial income | 75 | €6,052 | €7,959 | +€1,907 | +31.5% |
| Financial charges | 65/66B | €1,539 | €3,162 | +€1,623 | +105.5% |
| Recurring financial charges | 65 | €1,539 | €3,162 | +€1,623 | +105.5% |
| Profit (loss) for the period before taxes | 9903 | €46,150 | €141,566 | +€95,416 | +206.8% |
| Income taxes | 67/77 | €14,924 | €47,574 | +€32,651 | +218.8% |
| Profit (loss) for the period | 9904 | €31,227 | €93,991 | +€62,765 | +201.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,227 | €93,991 | +€62,765 | +201.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.