MEDIBEAU: 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.
MEDIBEAU
Largest movements
- Cash +€52,526
up €52,526 (+39.8%), from €131,914 to €184,440
mainly Net result for the year (+€85,465) and Other debts (+€18,867)
- Tangible fixed assets -€10,601
down €10,601 (-22.5%), from €47,115 to €36,514
of which Leasing and similar rights: -€8,711
- Receivables within one year -€4,607
down €4,607 (-28.2%), from €16,363 to €11,756
of which Trade receivables: -€6,331
- Reserves +€27,250
up €27,250 (+23.5%), from €116,110 to €143,360
of which Distributable reserves: +€27,250
- Other debts +€18,867
up €18,867 (+41.9%), from €45,039 to €63,906
- Debts after one year -€5,436
no longer reported in 2025 (was €5,436)
- Gross operating margin +€24,381
up €24,381 (+22.4%), from €108,644 to €133,025
- Taxes +€6,617
up €6,617 (+30.6%), from €21,659 to €28,276
- Depreciation +€1,707
up €1,707 (+12.1%), from €14,113 to €15,820
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 | €198,442 | €235,864 | +€37,422 | +18.9% |
| Fixed assets | 21/28 | €47,115 | €36,514 | -€10,601 | -22.5% |
| Tangible fixed assets | 22/27 | €47,115 | €36,514 | -€10,601 | -22.5% |
| Plant, machinery and equipment | 23 | €3,736 | €2,720 | -€1,016 | -27.2% |
| Furniture and vehicles | 24 | €999 | €4,292 | +€3,293 | +330% |
| Leasing and similar rights | 25 | €15,704 | €6,993 | -€8,711 | -55.5% |
| Other tangible fixed assets | 26 | €26,676 | €22,509 | -€4,167 | -15.6% |
| Current assets | 29/58 | €151,327 | €199,350 | +€48,023 | +31.7% |
| Amounts receivable within one year | 40/41 | €16,363 | €11,756 | -€4,607 | -28.2% |
| Trade receivables | 40 | €13,021 | €6,690 | -€6,331 | -48.6% |
| Other amounts receivable | 41 | €3,342 | €5,066 | +€1,724 | +51.6% |
| Cash at bank and in hand | 54/58 | €131,914 | €184,440 | +€52,526 | +39.8% |
| Deferred charges and accrued income | 490/1 | €3,050 | €3,154 | +€104 | +3.4% |
| Total equity and liabilities | 10/49 | €198,442 | €235,864 | +€37,422 | +18.9% |
| Equity | 10/15 | €135,305 | €163,020 | +€27,715 | +20.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,110 | €143,360 | +€27,250 | +23.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,500 | €5,500 | = | 0.0% |
| Distributable reserves | 133 | €108,750 | €136,000 | +€27,250 | +25.1% |
| Profit (loss) carried forward | 14 | €595 | €1,060 | +€465 | +78.2% |
| Amounts payable | 17/49 | €63,137 | €72,844 | +€9,707 | +15.4% |
| Amounts payable after more than one year | 17 | €5,436 | - | -€5,436 | |
| Financial debts | 170/4 | €5,436 | - | -€5,436 | |
| Amounts payable within one year | 42/48 | €57,701 | €72,844 | +€15,143 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €7,190 | €5,436 | -€1,754 | -24.4% |
| Trade debts | 44 | €5,472 | €3,502 | -€1,970 | -36.0% |
| Suppliers | 440/4 | €5,472 | €3,502 | -€1,970 | -36.0% |
| Other amounts payable | 47/48 | €45,039 | €63,906 | +€18,867 | +41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,113 | €15,820 | +€1,707 | +12.1% |
| Other operating charges | 640/8 | €1,088 | €912 | -€176 | -16.2% |
| Gross operating margin | 9900 | €108,644 | €133,025 | +€24,381 | +22.4% |
| Operating profit (loss) | 9901 | €93,443 | €116,293 | +€22,850 | +24.5% |
| Financial charges | 65/66B | €2,416 | €2,552 | +€136 | +5.6% |
| Recurring financial charges | 65 | €2,416 | €2,552 | +€136 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €91,027 | €113,741 | +€22,714 | +25.0% |
| Income taxes | 67/77 | €21,659 | €28,276 | +€6,617 | +30.6% |
| Profit (loss) for the period | 9904 | €69,368 | €85,465 | +€16,097 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €69,368 | €85,465 | +€16,097 | +23.2% |
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 16 October 2026 via checked.be.