MEDIBAKH: 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.
MEDIBAKH
Largest movements
- Current investments +€11,273
up €11,273 (+11.1%), from €101,296 to €112,569
- Cash -€8,720
down €8,720 (-20.0%), from €43,695 to €34,975
mainly Contributions, distributions and other (-€163,179) and Short-term financial debts (-€13,333)
- Deferred charges and accrued income +€3,097
up €3,097 (+4.5%), from €69,459 to €72,555
- Current portion of long-term debt +€13,534
new in 2025: €13,534
- Short-term financial debts -€13,333
down €13,333 (-100%), from €13,333 to €0
- Other debts +€7,200
up €7,200 (+84.5%), from €8,524 to €15,724
- Reserves -€3,375
down €3,375 (-2.0%), from €165,039 to €161,664
of which Distributable reserves: -€3,375
- Tax, wage and social debts +€2,953
up €2,953 (+19.6%), from €15,062 to €18,015
- Gross operating margin -€5,867
down €5,867 (-2.4%), from €239,760 to €233,893
- Taxes -€2,884
down €2,884 (-3.8%), from €74,999 to €72,115
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.
Derived cash bridge
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 | €214,563 | €222,128 | +€7,565 | +3.5% |
| Fixed assets | 21/28 | €114 | €2,029 | +€1,915 | +1,684% |
| Tangible fixed assets | 22/27 | - | €1,915 | +€1,915 | |
| Furniture and vehicles | 24 | - | €1,915 | +€1,915 | |
| Financial fixed assets | 28 | €114 | €114 | = | 0.0% |
| Current assets | 29/58 | €214,450 | €220,099 | +€5,649 | +2.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €101,296 | €112,569 | +€11,273 | +11.1% |
| Cash at bank and in hand | 54/58 | €43,695 | €34,975 | -€8,720 | -20.0% |
| Deferred charges and accrued income | 490/1 | €69,459 | €72,555 | +€3,097 | +4.5% |
| Total equity and liabilities | 10/49 | €214,563 | €222,128 | +€7,565 | +3.5% |
| Equity | 10/15 | €177,644 | €174,269 | -€3,375 | -1.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €165,039 | €161,664 | -€3,375 | -2.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €165,039 | €161,664 | -€3,375 | -2.0% |
| Profit (loss) carried forward | 14 | €205 | €205 | = | 0.0% |
| Amounts payable | 17/49 | €36,919 | €47,859 | +€10,940 | +29.6% |
| Amounts payable within one year | 42/48 | €36,919 | €47,273 | +€10,354 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | - | €13,534 | +€13,534 | |
| Financial debts | 43 | €13,333 | €0 | -€13,333 | -100% |
| Credit institutions | 430/8 | €13,333 | €0 | -€13,333 | -100% |
| Taxes, remuneration and social security | 45 | €15,062 | €18,015 | +€2,953 | +19.6% |
| Taxes | 450/3 | €15,062 | €18,015 | +€2,953 | +19.6% |
| Other amounts payable | 47/48 | €8,524 | €15,724 | +€7,200 | +84.5% |
| Accrued charges and deferred income | 492/3 | - | €586 | +€586 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €263 | +€263 | |
| Other operating charges | 640/8 | €387 | €450 | +€62 | +16.1% |
| Gross operating margin | 9900 | €239,760 | €233,893 | -€5,867 | -2.4% |
| Operating profit (loss) | 9901 | €239,372 | €233,180 | -€6,192 | -2.6% |
| Financial income | 75/76B | €285 | €273 | -€13 | -4.4% |
| Recurring financial income | 75 | €285 | €273 | -€13 | -4.4% |
| Financial charges | 65/66B | €1,480 | €1,534 | +€54 | +3.7% |
| Recurring financial charges | 65 | €1,480 | €1,534 | +€54 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €238,178 | €231,919 | -€6,259 | -2.6% |
| Income taxes | 67/77 | €74,999 | €72,115 | -€2,884 | -3.8% |
| Profit (loss) for the period | 9904 | €163,179 | €159,804 | -€3,375 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €163,179 | €159,804 | -€3,375 | -2.1% |
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 22 October 2026 via checked.be.