MEDI SOFT: 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.
What changed
MEDI SOFT
NACE 47.741, Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
-€962,053
2025 · -€3.8m+€2.8m
Equity
€4.5m
2025 · -€3.2m+€7.7m
Cash
€1.6m
2025 · €155,676+€1.5m
Balance sheet total
€5.4m
2025 · €5.3m+€61,700
Largest movements
Assets
- Cash +€1.5m
up €1.5m (+957.2%), from €155,676 to €1.6m
mainly Contributions, distributions and other (+€8.7m) and Stocks and contracts (+€1.1m)
- Stocks and contracts -€1.1m
down €1.1m (-43.4%), from €2.4m to €1.4m
- Receivables within one year -€153,497
down €153,497 (-7.5%), from €2.0m to €1.9m
of which Other amounts receivable: -€113,870
- Intangible fixed assets -€126,260
down €126,260 (-45.5%), from €277,375 to €151,115
- Financial fixed assets -€59,600
no longer reported in 2026 (was €59,600)
Equity and liabilities
- Contributions +€8.7m
up €8.7m (+395.3%), from €2.2m to €10.8m
of which Capital: +€8.7m
- Debts after one year -€6.5m
no longer reported in 2026 (was €6.5m)
- Trade debts -€1.1m
down €1.1m (-68.4%), from €1.6m to €508,491
- Profit (loss) carried forward -€962,053
down €962,053 (-17.1%), from -€5.6m to -€6.6m
Income statement
- Financial income +€2.5m
up €2.5m (+5637.2%), from €43,724 to €2.5m
of which Non-recurring financial income: +€2.4m
- Write-downs -€1.4m
down €1.4m (-88.0%), from €1.6m to €197,361
- Financial charges -€1.4m
down €1.4m (-89.7%), from €1.5m to €158,371
of which Non-recurring financial charges: -€1.0m
- Turnover +€827,253
up €827,253 (+13.0%), from €6.4m to €7.2m
- Goods and materials +€502,811
up €502,811 (+13.1%), from €3.8m to €4.3m
of which Change in stocks: decrease (increase): +€992,726
From the 2025 result to the 2026 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.
Result 2025
-€3.8m
Turnover
+€827,253
Other operating income
+€44,821
Goods and materials
-€502,811
Services and other goods
+€167,476
Staff costs
-€41,799
Depreciation
+€25,923
Write-downs
+€1.4m
Provisions
-€42,208
Other operating charges
-€9,309
Other operating items
-€2.9m
Financial income
+€2.5m
Financial charges
+€1.4m
Taxes
+€203
Result 2026
-€962,053
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€699,853
Investment
+€35,061
Financing
+€2.2m
Cash 2025
€155,676
From operations (derived)
-€699,853
Net result for the year
-€962,053
Depreciation
+€195,368
Stocks and contracts
+€1.1m
Receivables within one year
+€153,497
Smaller working-capital items
-€38,243
Trade debts
-€1.1m
Investment (derived)
+€35,061
Investment in fixed assets (net)
+€35,061
Financing
+€2.2m
Debts after one year
-€6.5m
Contributions, distributions and other
+€8.7m
Cash 2026
€1.6m
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,325,639 | €5,387,338 | +€61,700 | +1.2% |
| Fixed assets | 21/28 | €678,847 | €448,419 | -€230,428 | -33.9% |
| Intangible fixed assets | 21 | €277,375 | €151,115 | -€126,260 | -45.5% |
| Tangible fixed assets | 22/27 | €341,872 | €297,304 | -€44,568 | -13.0% |
| Land and buildings | 22 | €229,250 | €207,829 | -€21,421 | -9.3% |
| Plant, machinery and equipment | 23 | €110,687 | €87,170 | -€23,517 | -21.2% |
| Furniture and vehicles | 24 | €1,935 | €2,305 | +€370 | +19.1% |
| Financial fixed assets | 28 | €59,600 | - | -€59,600 | |
| Affiliated companies | 280/1 | €59,600 | - | -€59,600 | |
| Participating interests | 280 | €59,600 | - | -€59,600 | |
| Current assets | 29/58 | €4,646,792 | €4,938,920 | +€292,128 | +6.3% |
| Stocks and contracts in progress | 3 | €2,426,761 | €1,373,198 | -€1.1m | -43.4% |
| Stocks | 30/36 | €2,426,761 | €1,373,198 | -€1.1m | -43.4% |
| Raw materials and consumables | 30/31 | €894,855 | €587,157 | -€307,697 | -34.4% |
| Work in progress | 32 | €170,306 | €380,321 | +€210,016 | +123.3% |
| Finished goods | 33 | €657,727 | €186,307 | -€471,420 | -71.7% |
| Goods purchased for resale | 34 | €703,874 | €219,413 | -€484,461 | -68.8% |
| Amounts receivable within one year | 40/41 | €2,036,904 | €1,883,407 | -€153,497 | -7.5% |
| Trade receivables | 40 | €1,696,907 | €1,657,280 | -€39,627 | -2.3% |
| Other amounts receivable | 41 | €339,997 | €226,127 | -€113,870 | -33.5% |
| Cash at bank and in hand | 54/58 | €155,676 | €1,645,787 | +€1.5m | +957.2% |
| Deferred charges and accrued income | 490/1 | €27,451 | €36,528 | +€9,077 | +33.1% |
| Total equity and liabilities | 10/49 | €5,325,639 | €5,387,338 | +€61,700 | +1.2% |
| Equity | 10/15 | -€3,164,728 | €4,529,017 | +€7.7m | |
| Contributions | 10/11 | €2,189,651 | €10,845,448 | +€8.7m | +395.3% |
| Capital | 10 | €2,188,907 | €10,844,704 | +€8.7m | +395.4% |
| Issued capital | 100 | €2,188,907 | €10,844,704 | +€8.7m | +395.4% |
| Outside capital | 11 | €744 | €744 | = | 0.0% |
| Share premium | 1100/10 | €744 | €744 | = | 0.0% |
| Reserves | 13 | €274,062 | €274,062 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,392 | €22,392 | = | 0.0% |
| Legal reserve | 130 | €17,826 | €17,826 | = | 0.0% |
| Other | 1319 | €4,566 | €4,566 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €232,920 | €232,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,628,440 | -€6,590,493 | -€962,053 | -17.1% |
| Provisions and deferred taxes | 16 | €39,776 | €39,776 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €39,776 | €39,776 | = | 0.0% |
| Other liabilities and charges | 164/5 | €39,776 | €39,776 | = | 0.0% |
| Amounts payable | 17/49 | €8,450,590 | €818,545 | -€7.6m | -90.3% |
| Amounts payable after more than one year | 17 | €6,500,894 | - | -€6.5m | |
| Financial debts | 170/4 | €6,500,894 | - | -€6.5m | |
| Other loans | 174 | €6,500,894 | - | -€6.5m | |
| Amounts payable within one year | 42/48 | €1,917,408 | €802,795 | -€1.1m | -58.1% |
| Trade debts | 44 | €1,610,476 | €508,491 | -€1.1m | -68.4% |
| Suppliers | 440/4 | €1,610,476 | €508,491 | -€1.1m | -68.4% |
| Taxes, remuneration and social security | 45 | €306,933 | €294,304 | -€12,628 | -4.1% |
| Taxes | 450/3 | €33,976 | €38,085 | +€4,109 | +12.1% |
| Remuneration and social security | 454/9 | €272,957 | €256,220 | -€16,737 | -6.1% |
| Accrued charges and deferred income | 492/3 | €32,288 | €15,750 | -€16,538 | -51.2% |
| Operating income | 70/76A | €6,797,301 | €8,090,025 | +€1.3m | +19.0% |
| Turnover | 70 | €6,387,478 | €7,214,731 | +€827,253 | +13.0% |
| Other operating income | 74 | €403,074 | €447,895 | +€44,821 | +11.1% |
| Non-recurring operating income | 76A | €6,750 | €427,400 | +€420,650 | +6232.2% |
| Operating charges | 60/66A | €9,083,275 | €11,399,858 | +€2.3m | +25.5% |
| Goods for resale, raw materials and consumables | 60 | €3,825,851 | €4,328,662 | +€502,811 | +13.1% |
| Purchases | 600/8 | €3,957,239 | €3,467,324 | -€489,915 | -12.4% |
| Change in stocks: decrease (increase) | 609 | -€131,389 | €861,337 | +€992,726 | |
| Services and other goods | 61 | €1,207,767 | €1,040,290 | -€167,476 | -13.9% |
| Remuneration, social security and pensions | 62 | €2,154,675 | €2,196,474 | +€41,799 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €221,291 | €195,368 | -€25,923 | -11.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,647,299 | €197,361 | -€1.4m | -88.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €42,208 | +€42,208 | |
| Other operating charges | 640/8 | €26,392 | €35,701 | +€9,309 | +35.3% |
| Non-recurring operating charges | 66A | - | €3,363,795 | +€3.4m | |
| Operating profit (loss) | 9901 | -€2,285,974 | -€3,309,833 | -€1.0m | -44.8% |
| Financial income | 75/76B | €43,724 | €2,508,534 | +€2.5m | +5637.2% |
| Recurring financial income | 75 | €43,724 | €82,281 | +€38,557 | +88.2% |
| Income from financial fixed assets | 750 | €10,000 | - | -€10,000 | |
| Income from current assets | 751 | - | €70 | +€70 | |
| Other financial income | 752/9 | €33,724 | €82,211 | +€48,487 | +143.8% |
| Non-recurring financial income | 76B | - | €2,426,253 | +€2.4m | |
| Financial charges | 65/66B | €1,534,785 | €158,371 | -€1.4m | -89.7% |
| Recurring financial charges | 65 | €486,470 | €158,371 | -€328,099 | -67.4% |
| Debt charges | 650 | €433,827 | €151,884 | -€281,943 | -65.0% |
| Other financial charges | 652/9 | €52,643 | €6,487 | -€46,156 | -87.7% |
| Non-recurring financial charges | 66B | €1,048,315 | - | -€1.0m | |
| Profit (loss) for the period before taxes | 9903 | -€3,777,035 | -€959,669 | +€2.8m | +74.6% |
| Income taxes | 67/77 | €2,587 | €2,384 | -€203 | -7.9% |
| Taxes | 670/3 | €2,587 | €2,384 | -€203 | -7.9% |
| Profit (loss) for the period | 9904 | -€3,779,621 | -€962,053 | +€2.8m | +74.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,779,621 | -€962,053 | +€2.8m | +74.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.