MEDHUS 08: 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.
MEDHUS 08
Largest movements
- Stocks and contracts +€24,085
up €24,085 (+99.8%), from €24,126 to €48,211
- Receivables within one year +€17,300
up €17,300 (+8.2%), from €210,419 to €227,719
of which Trade receivables: +€10,523
- Tangible fixed assets -€8,556
down €8,556 (-29.0%), from €29,497 to €20,942
of which Plant, machinery and equipment: -€5,332
- Cash -€6,356
down €6,356 (-37.6%), from €16,895 to €10,538
mainly Stocks and contracts (-€24,085) and Receivables within one year (-€17,300)
- Profit (loss) carried forward +€34,650
up €34,650, from -€1,784 to €32,866
- Other debts +€11,127
up €11,127 (+12.2%), from €91,149 to €102,276
- Trade debts -€10,905
down €10,905 (-7.1%), from €153,916 to €143,010
- Tax, wage and social debts -€5,200
down €5,200 (-46.8%), from €11,100 to €5,900
- Depreciation -€11,400
down €11,400 (-58.7%), from €19,422 to €8,022
- Gross operating margin -€7,695
down €7,695 (-10.7%), from €72,213 to €64,518
- Other operating charges +€1,431
up €1,431 (+49.0%), from €2,917 to €4,347
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 | €286,383 | €313,979 | +€27,596 | +9.6% |
| Fixed assets | 21/28 | €32,697 | €26,642 | -€6,056 | -18.5% |
| Tangible fixed assets | 22/27 | €29,497 | €20,942 | -€8,556 | -29.0% |
| Plant, machinery and equipment | 23 | €19,659 | €14,328 | -€5,332 | -27.1% |
| Furniture and vehicles | 24 | €9,838 | €6,614 | -€3,224 | -32.8% |
| Financial fixed assets | 28 | €3,200 | €5,700 | +€2,500 | +78.1% |
| Current assets | 29/58 | €253,685 | €287,337 | +€33,652 | +13.3% |
| Stocks and contracts in progress | 3 | €24,126 | €48,211 | +€24,085 | +99.8% |
| Stocks | 30/36 | €24,126 | €48,211 | +€24,085 | +99.8% |
| Amounts receivable within one year | 40/41 | €210,419 | €227,719 | +€17,300 | +8.2% |
| Trade receivables | 40 | €131,959 | €142,482 | +€10,523 | +8.0% |
| Other amounts receivable | 41 | €78,460 | €85,237 | +€6,777 | +8.6% |
| Cash at bank and in hand | 54/58 | €16,895 | €10,538 | -€6,356 | -37.6% |
| Deferred charges and accrued income | 490/1 | €2,246 | €869 | -€1,376 | -61.3% |
| Total equity and liabilities | 10/49 | €286,383 | €313,979 | +€27,596 | +9.6% |
| Equity | 10/15 | €28,142 | €62,793 | +€34,650 | +123% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,727 | €23,727 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,867 | €21,867 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,784 | €32,866 | +€34,650 | |
| Amounts payable | 17/49 | €258,241 | €251,186 | -€7,054 | -2.7% |
| Amounts payable after more than one year | 17 | €973 | - | -€973 | |
| Financial debts | 170/4 | €973 | - | -€973 | |
| Amounts payable within one year | 42/48 | €257,267 | €251,186 | -€6,081 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €1,103 | - | -€1,103 | |
| Trade debts | 44 | €153,916 | €143,010 | -€10,905 | -7.1% |
| Suppliers | 440/4 | €153,916 | €143,010 | -€10,905 | -7.1% |
| Taxes, remuneration and social security | 45 | €11,100 | €5,900 | -€5,200 | -46.8% |
| Remuneration and social security | 454/9 | €11,100 | €5,900 | -€5,200 | -46.8% |
| Other amounts payable | 47/48 | €91,149 | €102,276 | +€11,127 | +12.2% |
| Non-recurring operating income | 76A | - | €466 | +€466 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,422 | €8,022 | -€11,400 | -58.7% |
| Other operating charges | 640/8 | €2,917 | €4,347 | +€1,431 | +49.0% |
| Non-recurring operating charges | 66A | €12,000 | €16,243 | +€4,243 | +35.4% |
| Gross operating margin | 9900 | €72,213 | €64,518 | -€7,695 | -10.7% |
| Operating profit (loss) | 9901 | €37,874 | €35,906 | -€1,969 | -5.2% |
| Financial income | 75/76B | €122 | €1 | -€121 | -99.2% |
| Recurring financial income | 75 | €122 | €1 | -€121 | -99.2% |
| Financial charges | 65/66B | €1,241 | €1,256 | +€15 | +1.2% |
| Recurring financial charges | 65 | €1,241 | €1,256 | +€15 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €36,756 | €34,650 | -€2,106 | -5.7% |
| Profit (loss) for the period | 9904 | €36,756 | €34,650 | -€2,106 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,756 | €34,650 | -€2,106 | -5.7% |
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 27 October 2026 via checked.be.