MEDI-PHIL: 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-PHIL
Largest movements
- Tangible fixed assets -€24,043
down €24,043 (-23.7%), from €101,525 to €77,482
of which Furniture and vehicles: -€17,661
- Cash +€9,558
up €9,558 (+11.2%), from €85,117 to €94,674
mainly Net result for the year (+€117,655) and Other debts (+€101,520)
- Deferred charges and accrued income -€3,392
down €3,392 (-23.6%), from €14,386 to €10,993
- Receivables within one year -€2,448
down €2,448 (-30.4%), from €8,047 to €5,599
of which Other amounts receivable: -€6,037
- Profit (loss) carried forward -€114,345
down €114,345 (-98.6%), from €115,949 to €1,603
- Other debts +€101,520
up €101,520 (+3352.5%), from €3,028 to €104,548
- Debts after one year -€21,584
down €21,584 (-36.5%), from €59,181 to €37,597
- Tax, wage and social debts +€7,736
up €7,736 (+186.9%), from €4,139 to €11,876
of which Taxes: +€10,376
- Trade debts +€3,530
up €3,530 (+175.5%), from €2,011 to €5,540
- Gross operating margin +€3,461
up €3,461 (+1.9%), from €178,198 to €181,659
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 | €209,074 | €188,749 | -€20,326 | -9.7% |
| Fixed assets | 21/28 | €101,525 | €77,482 | -€24,043 | -23.7% |
| Tangible fixed assets | 22/27 | €101,525 | €77,482 | -€24,043 | -23.7% |
| Land and buildings | 22 | €47,196 | €41,171 | -€6,025 | -12.8% |
| Plant, machinery and equipment | 23 | €1,228 | €872 | -€356 | -29.0% |
| Furniture and vehicles | 24 | €53,101 | €35,440 | -€17,661 | -33.3% |
| Current assets | 29/58 | €107,549 | €111,266 | +€3,717 | +3.5% |
| Amounts receivable within one year | 40/41 | €8,047 | €5,599 | -€2,448 | -30.4% |
| Trade receivables | 40 | €0 | €3,589 | +€3,589 | |
| Other amounts receivable | 41 | €8,047 | €2,010 | -€6,037 | -75.0% |
| Cash at bank and in hand | 54/58 | €85,117 | €94,674 | +€9,558 | +11.2% |
| Deferred charges and accrued income | 490/1 | €14,386 | €10,993 | -€3,392 | -23.6% |
| Total equity and liabilities | 10/49 | €209,074 | €188,749 | -€20,326 | -9.7% |
| Equity | 10/15 | €119,949 | €5,603 | -€114,345 | -95.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,949 | €1,603 | -€114,345 | -98.6% |
| Amounts payable | 17/49 | €89,126 | €183,145 | +€94,020 | +105.5% |
| Amounts payable after more than one year | 17 | €59,181 | €37,597 | -€21,584 | -36.5% |
| Financial debts | 170/4 | €59,181 | €37,597 | -€21,584 | -36.5% |
| Amounts payable within one year | 42/48 | €29,944 | €143,548 | +€113,604 | +379.4% |
| Current portion of amounts payable after more than one year | 42 | €20,766 | €21,584 | +€818 | +3.9% |
| Trade debts | 44 | €2,011 | €5,540 | +€3,530 | +175.5% |
| Suppliers | 440/4 | €2,011 | €5,540 | +€3,530 | +175.5% |
| Taxes, remuneration and social security | 45 | €4,139 | €11,876 | +€7,736 | +186.9% |
| Taxes | 450/3 | €1,500 | €11,876 | +€10,376 | +691.7% |
| Remuneration and social security | 454/9 | €2,639 | €0 | -€2,639 | -100.0% |
| Other amounts payable | 47/48 | €3,028 | €104,548 | +€101,520 | +3352.5% |
| Accrued charges and deferred income | 492/3 | €0 | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,587 | €27,632 | +€45 | +0.2% |
| Other operating charges | 640/8 | €682 | €735 | +€53 | +7.7% |
| Gross operating margin | 9900 | €178,198 | €181,659 | +€3,461 | +1.9% |
| Operating profit (loss) | 9901 | €149,929 | €153,293 | +€3,364 | +2.2% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.8% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.8% |
| Financial charges | 65/66B | €3,638 | €2,648 | -€990 | -27.2% |
| Recurring financial charges | 65 | €3,638 | €2,648 | -€990 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €146,296 | €150,645 | +€4,349 | +3.0% |
| Income taxes | 67/77 | €32,076 | €32,990 | +€915 | +2.9% |
| Profit (loss) for the period | 9904 | €114,220 | €117,655 | +€3,435 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €114,220 | €117,655 | +€3,435 | +3.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.