MEDIBLANCHE: 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.
MEDIBLANCHE
Largest movements
- Receivables within one year +€68,940
up €68,940 (+11.3%), from €607,519 to €676,459
of which Other amounts receivable: +€34,676
- Cash -€23,648
down €23,648 (-14.3%), from €165,273 to €141,625
mainly Receivables within one year (-€68,940) and Contributions, distributions and other (-€47,375)
- Reserves +€55,723
up €55,723 (+14.1%), from €394,284 to €450,007
of which Distributable reserves: +€55,723
- Tax, wage and social debts +€36,627
up €36,627 (+80.3%), from €45,594 to €82,220
- Other debts -€30,282
down €30,282 (-18.4%), from €164,410 to €134,128
- Debts after one year -€16,659
down €16,659 (-34.8%), from €47,899 to €31,240
- Gross operating margin -€14,735
down €14,735 (-8.2%), from €179,833 to €165,098
- Taxes -€3,590
down €3,590 (-7.2%), from €49,555 to €45,965
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 | €941,459 | €984,122 | +€42,663 | +4.5% |
| Fixed assets | 21/28 | €165,543 | €162,301 | -€3,242 | -2.0% |
| Tangible fixed assets | 22/27 | €165,543 | €162,301 | -€3,242 | -2.0% |
| Land and buildings | 22 | €160,359 | €153,736 | -€6,623 | -4.1% |
| Plant, machinery and equipment | 23 | - | €3,067 | +€3,067 | |
| Furniture and vehicles | 24 | €5,184 | €5,498 | +€314 | +6.1% |
| Current assets | 29/58 | €775,916 | €821,821 | +€45,906 | +5.9% |
| Amounts receivable within one year | 40/41 | €607,519 | €676,459 | +€68,940 | +11.3% |
| Trade receivables | 40 | €11,750 | €46,014 | +€34,264 | +292% |
| Other amounts receivable | 41 | €595,769 | €630,445 | +€34,676 | +5.8% |
| Cash at bank and in hand | 54/58 | €165,273 | €141,625 | -€23,648 | -14.3% |
| Deferred charges and accrued income | 490/1 | €3,124 | €3,738 | +€614 | +19.7% |
| Total equity and liabilities | 10/49 | €941,459 | €984,122 | +€42,663 | +4.5% |
| Equity | 10/15 | €663,518 | €719,241 | +€55,723 | +8.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €394,284 | €450,007 | +€55,723 | +14.1% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €391,784 | €447,507 | +€55,723 | +14.2% |
| Profit (loss) carried forward | 14 | €244,235 | €244,235 | = | 0.0% |
| Amounts payable | 17/49 | €277,940 | €264,880 | -€13,060 | -4.7% |
| Amounts payable after more than one year | 17 | €47,899 | €31,240 | -€16,659 | -34.8% |
| Financial debts | 170/4 | €47,899 | €31,240 | -€16,659 | -34.8% |
| Amounts payable within one year | 42/48 | €230,041 | €233,641 | +€3,600 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €19,338 | €16,294 | -€3,043 | -15.7% |
| Trade debts | 44 | €700 | €999 | +€298 | +42.6% |
| Suppliers | 440/4 | €700 | €999 | +€298 | +42.6% |
| Taxes, remuneration and social security | 45 | €45,594 | €82,220 | +€36,627 | +80.3% |
| Taxes | 450/3 | €45,594 | €82,220 | +€36,627 | +80.3% |
| Other amounts payable | 47/48 | €164,410 | €134,128 | -€30,282 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,565 | €8,155 | -€410 | -4.8% |
| Other operating charges | 640/8 | €4,421 | €4,280 | -€142 | -3.2% |
| Gross operating margin | 9900 | €179,833 | €165,098 | -€14,735 | -8.2% |
| Operating profit (loss) | 9901 | €166,846 | €152,663 | -€14,184 | -8.5% |
| Financial income | 75/76B | €347 | €585 | +€238 | +68.5% |
| Recurring financial income | 75 | €347 | €585 | +€238 | +68.5% |
| Financial charges | 65/66B | €4,720 | €4,184 | -€536 | -11.4% |
| Recurring financial charges | 65 | €4,720 | €4,184 | -€536 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €162,473 | €149,063 | -€13,410 | -8.3% |
| Income taxes | 67/77 | €49,555 | €45,965 | -€3,590 | -7.2% |
| Profit (loss) for the period | 9904 | €112,918 | €103,098 | -€9,820 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €112,918 | €103,098 | -€9,820 | -8.7% |
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 21 October 2026 via checked.be.