MEDI-ART: 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.
MEDI-ART
Largest movements
- Tangible fixed assets -€110,400
down €110,400 (-7.0%), from €1.6m to €1.5m
of which Land and buildings: -€102,876
- Receivables within one year -€89,588
down €89,588 (-27.1%), from €330,008 to €240,420
of which Trade receivables: -€78,784
- Debts after one year -€148,853
down €148,853 (-23.7%), from €627,617 to €478,764
of which Financial debts: -€155,303
- Other debts -€131,589
down €131,589 (-57.1%), from €230,365 to €98,776
- Profit (loss) carried forward +€110,861
up €110,861 (+23.9%), from €463,823 to €574,685
- Trade debts -€27,302
down €27,302 (-20.5%), from €132,970 to €105,668
- Other operating charges -€35,328
down €35,328 (-85.4%), from €41,388 to €6,060
- Gross operating margin -€18,039
down €18,039 (-5.7%), from €314,879 to €296,840
- Taxes +€11,308
up €11,308 (+48.7%), from €23,214 to €34,523
- Financial charges -€3,988
down €3,988 (-16.8%), from €23,685 to €19,697
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 | €1,922,151 | €1,728,809 | -€193,343 | -10.1% |
| Fixed assets | 21/28 | €1,577,519 | €1,467,119 | -€110,400 | -7.0% |
| Tangible fixed assets | 22/27 | €1,574,530 | €1,464,129 | -€110,400 | -7.0% |
| Land and buildings | 22 | €1,529,368 | €1,426,492 | -€102,876 | -6.7% |
| Plant, machinery and equipment | 23 | €156 | €78 | -€78 | -50.0% |
| Furniture and vehicles | 24 | €17,408 | €18,560 | +€1,152 | +6.6% |
| Other tangible fixed assets | 26 | €27,598 | €18,999 | -€8,599 | -31.2% |
| Financial fixed assets | 28 | €2,990 | €2,990 | = | 0.0% |
| Current assets | 29/58 | €344,632 | €261,690 | -€82,942 | -24.1% |
| Amounts receivable within one year | 40/41 | €330,008 | €240,420 | -€89,588 | -27.1% |
| Trade receivables | 40 | €78,784 | - | -€78,784 | |
| Other amounts receivable | 41 | €251,223 | €240,420 | -€10,803 | -4.3% |
| Cash at bank and in hand | 54/58 | €10,161 | €16,764 | +€6,603 | +65.0% |
| Deferred charges and accrued income | 490/1 | €4,463 | €4,506 | +€43 | +1.0% |
| Total equity and liabilities | 10/49 | €1,922,151 | €1,728,809 | -€193,343 | -10.1% |
| Equity | 10/15 | €754,275 | €865,137 | +€110,861 | +14.7% |
| Contributions | 10/11 | €288,592 | €288,592 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €463,823 | €574,685 | +€110,861 | +23.9% |
| Amounts payable | 17/49 | €1,167,876 | €863,672 | -€304,204 | -26.0% |
| Amounts payable after more than one year | 17 | €627,617 | €478,764 | -€148,853 | -23.7% |
| Financial debts | 170/4 | €627,617 | €472,314 | -€155,303 | -24.7% |
| Other amounts payable | 178/9 | - | €6,450 | +€6,450 | |
| Amounts payable within one year | 42/48 | €540,259 | €384,908 | -€155,351 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €166,300 | €160,940 | -€5,359 | -3.2% |
| Trade debts | 44 | €132,970 | €105,668 | -€27,302 | -20.5% |
| Suppliers | 440/4 | €132,970 | €105,668 | -€27,302 | -20.5% |
| Taxes, remuneration and social security | 45 | €10,623 | €19,523 | +€8,899 | +83.8% |
| Taxes | 450/3 | €8,123 | €19,523 | +€11,399 | +140.3% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €230,365 | €98,776 | -€131,589 | -57.1% |
| Non-recurring operating income | 76A | €903 | - | -€903 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,188 | €119,908 | +€719 | +0.6% |
| Other operating charges | 640/8 | €41,388 | €6,060 | -€35,328 | -85.4% |
| Non-recurring operating charges | 66A | - | €5,790 | +€5,790 | |
| Gross operating margin | 9900 | €314,879 | €296,840 | -€18,039 | -5.7% |
| Operating profit (loss) | 9901 | €154,302 | €165,082 | +€10,780 | +7.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -84.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -84.6% |
| Financial charges | 65/66B | €23,685 | €19,697 | -€3,988 | -16.8% |
| Recurring financial charges | 65 | €23,685 | €19,697 | -€3,988 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €130,617 | €145,384 | +€14,767 | +11.3% |
| Income taxes | 67/77 | €23,214 | €34,523 | +€11,308 | +48.7% |
| Profit (loss) for the period | 9904 | €107,402 | €110,861 | +€3,459 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €107,402 | €110,861 | +€3,459 | +3.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.