MEDIBOCQ: 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.
MEDIBOCQ
Largest movements
- Cash -€66,969
down €66,969 (-82.4%), from €81,305 to €14,336
mainly Other debts (-€72,450) and Investment in fixed assets (net) (-€60,445)
- Tangible fixed assets +€45,533
up €45,533 (+244%), from €18,673 to €64,206
of which Leasing and similar rights: +€51,120
- Other debts -€72,450
down €72,450 (-69.6%), from €104,098 to €31,648
- Debts after one year +€26,293
new in 2025: €26,293
- Current portion of long-term debt +€10,139
new in 2025: €10,139
- Tax, wage and social debts +€4,902
up €4,902 (+16.7%), from €29,294 to €34,196
- Profit (loss) carried forward +€4,238
up €4,238 (+33.5%), from €12,665 to €16,903
- Financial charges +€104,340
up €104,340 (+27,346%), from €382 to €104,721
- Taxes -€29,302
down €29,302 (-81.5%), from €35,945 to €6,643
- Gross operating margin -€12,614
down €12,614 (-7.7%), from €163,406 to €150,792
- Depreciation +€7,096
up €7,096 (+90.8%), from €7,816 to €14,911
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 | €207,143 | €183,110 | -€24,033 | -11.6% |
| Fixed assets | 21/28 | €18,712 | €64,245 | +€45,533 | +243% |
| Tangible fixed assets | 22/27 | €18,673 | €64,206 | +€45,533 | +244% |
| Furniture and vehicles | 24 | €16,294 | €12,571 | -€3,723 | -22.9% |
| Leasing and similar rights | 25 | - | €51,120 | +€51,120 | |
| Other tangible fixed assets | 26 | €2,379 | €516 | -€1,863 | -78.3% |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €188,431 | €118,865 | -€69,566 | -36.9% |
| Amounts receivable within one year | 40/41 | €106,069 | €104,529 | -€1,540 | -1.5% |
| Trade receivables | 40 | €105,964 | €104,529 | -€1,435 | -1.4% |
| Other amounts receivable | 41 | €105 | - | -€105 | |
| Cash at bank and in hand | 54/58 | €81,305 | €14,336 | -€66,969 | -82.4% |
| Deferred charges and accrued income | 490/1 | €1,057 | - | -€1,057 | |
| Total equity and liabilities | 10/49 | €207,143 | €183,110 | -€24,033 | -11.6% |
| Equity | 10/15 | €73,125 | €77,363 | +€4,238 | +5.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,665 | €16,903 | +€4,238 | +33.5% |
| Amounts payable | 17/49 | €134,018 | €105,747 | -€28,271 | -21.1% |
| Amounts payable after more than one year | 17 | - | €26,293 | +€26,293 | |
| Financial debts | 170/4 | - | €26,293 | +€26,293 | |
| Amounts payable within one year | 42/48 | €134,018 | €79,454 | -€54,564 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | - | €10,139 | +€10,139 | |
| Trade debts | 44 | €626 | €3,471 | +€2,845 | +454% |
| Suppliers | 440/4 | €626 | €3,471 | +€2,845 | +454% |
| Taxes, remuneration and social security | 45 | €29,294 | €34,196 | +€4,902 | +16.7% |
| Taxes | 450/3 | €29,294 | €34,196 | +€4,902 | +16.7% |
| Other amounts payable | 47/48 | €104,098 | €31,648 | -€72,450 | -69.6% |
| Non-recurring operating income | 76A | €270 | €11,500 | +€11,230 | +4,154% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,816 | €14,911 | +€7,096 | +90.8% |
| Other operating charges | 640/8 | €779 | €642 | -€137 | -17.5% |
| Gross operating margin | 9900 | €163,406 | €150,792 | -€12,614 | -7.7% |
| Operating profit (loss) | 9901 | €154,811 | €135,238 | -€19,573 | -12.6% |
| Financial income | 75/76B | €170 | €364 | +€194 | +114% |
| Recurring financial income | 75 | €170 | €364 | +€194 | +114% |
| Financial charges | 65/66B | €382 | €104,721 | +€104,340 | +27,346% |
| Recurring financial charges | 65 | €382 | €104,721 | +€104,340 | +27,346% |
| Profit (loss) for the period before taxes | 9903 | €154,600 | €30,881 | -€123,719 | -80.0% |
| Income taxes | 67/77 | €35,945 | €6,643 | -€29,302 | -81.5% |
| Profit (loss) for the period | 9904 | €118,655 | €24,238 | -€94,417 | -79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €118,655 | €24,238 | -€94,417 | -79.6% |
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 28 October 2026 via checked.be.