Medi-Kcap: 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-Kcap
Largest movements
- Deferred charges and accrued income +€23,384
up €23,384 (+886.4%), from €2,638 to €26,023
- Receivables within one year +€23,000
up €23,000 (+100.8%), from €22,814 to €45,814
of which Trade receivables: +€22,466
- Tangible fixed assets +€15,707
up €15,707 (+61.0%), from €25,750 to €41,456
of which Land and buildings: +€15,724
- Financial fixed assets +€15,000
new in 2025: €15,000
- Cash +€6,390
up €6,390 (+9.5%), from €67,499 to €73,889
mainly Net result for the year (+€63,945) and Other debts (+€48,292)
- Other debts +€48,292
up €48,292 (+333.0%), from €14,501 to €62,794
- Trade debts +€21,245
up €21,245 (+588.5%), from €3,610 to €24,855
- Profit (loss) carried forward +€13,945
up €13,945 (+25.1%), from €55,490 to €69,434
- Gross operating margin +€14,248
up €14,248 (+17.6%), from €80,873 to €95,121
- Taxes +€3,716
up €3,716 (+19.4%), from €19,157 to €22,874
- Depreciation +€1,220
up €1,220 (+17.3%), from €7,037 to €8,257
- Financial income +€1,136
up €1,136 (+951.3%), from €119 to €1,255
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 | €118,701 | €202,183 | +€83,482 | +70.3% |
| Fixed assets | 21/28 | €25,750 | €56,456 | +€30,707 | +119.3% |
| Tangible fixed assets | 22/27 | €25,750 | €41,456 | +€15,707 | +61.0% |
| Land and buildings | 22 | €7,434 | €23,158 | +€15,724 | +211.5% |
| Plant, machinery and equipment | 23 | €919 | €519 | -€399 | -43.5% |
| Furniture and vehicles | 24 | €17,397 | €17,779 | +€382 | +2.2% |
| Financial fixed assets | 28 | - | €15,000 | +€15,000 | |
| Current assets | 29/58 | €92,951 | €145,726 | +€52,775 | +56.8% |
| Amounts receivable within one year | 40/41 | €22,814 | €45,814 | +€23,000 | +100.8% |
| Trade receivables | 40 | €18,272 | €40,738 | +€22,466 | +123.0% |
| Other amounts receivable | 41 | €4,543 | €5,076 | +€534 | +11.8% |
| Cash at bank and in hand | 54/58 | €67,499 | €73,889 | +€6,390 | +9.5% |
| Deferred charges and accrued income | 490/1 | €2,638 | €26,023 | +€23,384 | +886.4% |
| Total equity and liabilities | 10/49 | €118,701 | €202,183 | +€83,482 | +70.3% |
| Equity | 10/15 | €100,590 | €114,534 | +€13,945 | +13.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €42,100 | €42,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,100 | €21,050 | -€21,050 | -50.0% |
| Distributable reserves | 133 | - | €21,050 | +€21,050 | |
| Profit (loss) carried forward | 14 | €55,490 | €69,434 | +€13,945 | +25.1% |
| Amounts payable | 17/49 | €18,111 | €87,648 | +€69,537 | +384.0% |
| Amounts payable within one year | 42/48 | €18,111 | €87,648 | +€69,537 | +384.0% |
| Trade debts | 44 | €3,610 | €24,855 | +€21,245 | +588.5% |
| Suppliers | 440/4 | €3,610 | €24,855 | +€21,245 | +588.5% |
| Other amounts payable | 47/48 | €14,501 | €62,794 | +€48,292 | +333.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,037 | €8,257 | +€1,220 | +17.3% |
| Other operating charges | 640/8 | €793 | €874 | +€80 | +10.1% |
| Gross operating margin | 9900 | €80,873 | €95,121 | +€14,248 | +17.6% |
| Operating profit (loss) | 9901 | €73,043 | €85,990 | +€12,947 | +17.7% |
| Financial income | 75/76B | €119 | €1,255 | +€1,136 | +951.3% |
| Recurring financial income | 75 | €119 | €1,255 | +€1,136 | +951.3% |
| Financial charges | 65/66B | €542 | €427 | -€115 | -21.2% |
| Recurring financial charges | 65 | €542 | €427 | -€115 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €72,620 | €86,818 | +€14,198 | +19.6% |
| Income taxes | 67/77 | €19,157 | €22,874 | +€3,716 | +19.4% |
| Profit (loss) for the period | 9904 | €53,463 | €63,945 | +€10,482 | +19.6% |
| Transfer from tax-exempt reserves | 789 | - | €21,050 | +€21,050 | |
| Transfer to tax-exempt reserves | 689 | €21,050 | - | -€21,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,413 | €84,995 | +€52,582 | +162.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.