Medi-Links: 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.
Medi-Links
Largest movements
- Cash +€23,380
up €23,380 (+69.4%), from €33,694 to €57,074
mainly Depreciation (+€14,418) and Net result for the year (+€12,212)
- Receivables within one year +€8,378
up €8,378 (+12.3%), from €67,973 to €76,351
of which Trade receivables: +€8,271
- Tangible fixed assets -€5,750
down €5,750 (-14.3%), from €40,154 to €34,404
of which Other tangible fixed assets: -€8,407
- Profit (loss) carried forward +€7,212
up €7,212 (+183.4%), from €3,931 to €11,143
- Tax, wage and social debts +€6,032
up €6,032 (+177.7%), from €3,395 to €9,427
- Current portion of long-term debt +€5,229
up €5,229 (+83.1%), from €6,295 to €11,524
- Reserves +€5,000
up €5,000 (+14.3%), from €35,000 to €40,000
- Other debts +€2,027
up €2,027 (+4.2%), from €48,824 to €50,851
- Gross operating margin +€25,802
up €25,802 (+39.4%), from €65,494 to €91,296
- Financial charges +€13,585
up €13,585 (+30.7%), from €44,234 to €57,818
- Taxes +€2,952
up €2,952 (+106.4%), from €2,775 to €5,727
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 | €141,821 | €167,830 | +€26,008 | +18.3% |
| Fixed assets | 21/28 | €40,154 | €34,404 | -€5,750 | -14.3% |
| Tangible fixed assets | 22/27 | €40,154 | €34,404 | -€5,750 | -14.3% |
| Furniture and vehicles | 24 | €10,754 | €13,412 | +€2,657 | +24.7% |
| Other tangible fixed assets | 26 | €29,400 | €20,993 | -€8,407 | -28.6% |
| Current assets | 29/58 | €101,667 | €133,425 | +€31,758 | +31.2% |
| Amounts receivable within one year | 40/41 | €67,973 | €76,351 | +€8,378 | +12.3% |
| Trade receivables | 40 | €64,040 | €72,311 | +€8,271 | +12.9% |
| Other amounts receivable | 41 | €3,933 | €4,040 | +€107 | +2.7% |
| Cash at bank and in hand | 54/58 | €33,694 | €57,074 | +€23,380 | +69.4% |
| Total equity and liabilities | 10/49 | €141,821 | €167,830 | +€26,008 | +18.3% |
| Equity | 10/15 | €45,131 | €57,343 | +€12,212 | +27.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,000 | €40,000 | +€5,000 | +14.3% |
| Distributable reserves | 133 | €35,000 | €40,000 | +€5,000 | +14.3% |
| Profit (loss) carried forward | 14 | €3,931 | €11,143 | +€7,212 | +183.4% |
| Amounts payable | 17/49 | €96,690 | €110,486 | +€13,797 | +14.3% |
| Amounts payable after more than one year | 17 | €21,787 | €21,275 | -€512 | -2.4% |
| Financial debts | 170/4 | €21,787 | €21,275 | -€512 | -2.4% |
| Amounts payable within one year | 42/48 | €73,261 | €87,570 | +€14,309 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €6,295 | €11,524 | +€5,229 | +83.1% |
| Trade debts | 44 | €14,747 | €15,768 | +€1,020 | +6.9% |
| Suppliers | 440/4 | €14,747 | €15,768 | +€1,020 | +6.9% |
| Taxes, remuneration and social security | 45 | €3,395 | €9,427 | +€6,032 | +177.7% |
| Taxes | 450/3 | €3,395 | €9,427 | +€6,032 | +177.7% |
| Other amounts payable | 47/48 | €48,824 | €50,851 | +€2,027 | +4.2% |
| Accrued charges and deferred income | 492/3 | €1,641 | €1,641 | = | 0.0% |
| Non-recurring operating income | 76A | - | €203 | +€203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,113 | €14,418 | +€305 | +2.2% |
| Other operating charges | 640/8 | €771 | €995 | +€225 | +29.2% |
| Non-recurring operating charges | 66A | €131 | €127 | -€4 | -3.3% |
| Gross operating margin | 9900 | €65,494 | €91,296 | +€25,802 | +39.4% |
| Operating profit (loss) | 9901 | €50,479 | €75,756 | +€25,277 | +50.1% |
| Financial income | 75/76B | €9 | €1 | -€8 | -89.1% |
| Recurring financial income | 75 | €9 | €1 | -€8 | -89.1% |
| Financial charges | 65/66B | €44,234 | €57,818 | +€13,585 | +30.7% |
| Recurring financial charges | 65 | €44,234 | €57,818 | +€13,585 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €6,254 | €17,939 | +€11,684 | +186.8% |
| Income taxes | 67/77 | €2,775 | €5,727 | +€2,952 | +106.4% |
| Profit (loss) for the period | 9904 | €3,480 | €12,212 | +€8,732 | +251.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,480 | €12,212 | +€8,732 | +251.0% |
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 9 October 2026 via checked.be.