MEDIC: 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.
MEDIC
Largest movements
- Cash +€33,898
up €33,898 (+10.3%), from €329,550 to €363,448
mainly Net result for the year (+€102,938) and Depreciation (+€38,978)
- Receivables within one year -€15,414
down €15,414 (-15.6%), from €98,876 to €83,461
of which Other amounts receivable: -€15,414
- Tangible fixed assets +€10,295
up €10,295 (+3.0%), from €338,868 to €349,163
of which Other tangible fixed assets: +€14,031
- Reserves +€43,971
up €43,971 (+6.1%), from €724,396 to €768,367
- Tax, wage and social debts -€14,820
down €14,820 (-40.9%), from €36,243 to €21,423
of which Taxes: -€16,757
- Staff costs +€29,322
up €29,322 (+129.6%), from €22,634 to €51,957
- Gross operating margin -€28,302
down €28,302 (-10.6%), from €267,262 to €238,961
- Taxes -€19,462
down €19,462 (-31.4%), from €61,995 to €42,534
- Depreciation +€13,809
up €13,809 (+54.9%), from €25,169 to €38,978
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.
Cash bridge derived
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 | €790,918 | €822,759 | +€31,841 | +4.0% |
| Fixed assets | 21/28 | €339,313 | €349,608 | +€10,295 | +3.0% |
| Tangible fixed assets | 22/27 | €338,868 | €349,163 | +€10,295 | +3.0% |
| Land and buildings | 22 | €211,661 | €219,074 | +€7,413 | +3.5% |
| Plant, machinery and equipment | 23 | €42,943 | €35,986 | -€6,957 | -16.2% |
| Furniture and vehicles | 24 | €26,924 | €22,733 | -€4,192 | -15.6% |
| Other tangible fixed assets | 26 | €57,340 | €71,371 | +€14,031 | +24.5% |
| Financial fixed assets | 28 | €445 | €445 | = | 0.0% |
| Current assets | 29/58 | €451,605 | €473,151 | +€21,546 | +4.8% |
| Amounts receivable within one year | 40/41 | €98,876 | €83,461 | -€15,414 | -15.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €98,876 | €83,461 | -€15,414 | -15.6% |
| Current investments | 50/53 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €329,550 | €363,448 | +€33,898 | +10.3% |
| Deferred charges and accrued income | 490/1 | €22,179 | €25,242 | +€3,063 | +13.8% |
| Total equity and liabilities | 10/49 | €790,918 | €822,759 | +€31,841 | +4.0% |
| Equity | 10/15 | €752,328 | €796,299 | +€43,971 | +5.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €724,396 | €768,367 | +€43,971 | +6.1% |
| Distributable reserves | 133 | €724,396 | €768,367 | +€43,971 | +6.1% |
| Profit (loss) carried forward | 14 | €15,532 | €15,532 | = | 0.0% |
| Amounts payable | 17/49 | €38,590 | €26,460 | -€12,130 | -31.4% |
| Amounts payable within one year | 42/48 | €38,590 | €26,460 | -€12,130 | -31.4% |
| Trade debts | 44 | €2,347 | €5,037 | +€2,690 | +114.6% |
| Suppliers | 440/4 | €2,347 | €5,037 | +€2,690 | +114.6% |
| Taxes, remuneration and social security | 45 | €36,243 | €21,423 | -€14,820 | -40.9% |
| Taxes | 450/3 | €31,951 | €15,194 | -€16,757 | -52.4% |
| Remuneration and social security | 454/9 | €4,292 | €6,229 | +€1,937 | +45.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €22,634 | €51,957 | +€29,322 | +129.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,169 | €38,978 | +€13,809 | +54.9% |
| Other operating charges | 640/8 | €4,830 | €4,743 | -€87 | -1.8% |
| Gross operating margin | 9900 | €267,262 | €238,961 | -€28,302 | -10.6% |
| Operating profit (loss) | 9901 | €214,630 | €143,283 | -€71,346 | -33.2% |
| Financial income | 75/76B | €3,352 | €4,136 | +€784 | +23.4% |
| Recurring financial income | 75 | €3,352 | €4,136 | +€784 | +23.4% |
| Financial charges | 65/66B | €2,480 | €1,947 | -€533 | -21.5% |
| Recurring financial charges | 65 | €2,480 | €1,947 | -€533 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €215,501 | €145,472 | -€70,029 | -32.5% |
| Income taxes | 67/77 | €61,995 | €42,534 | -€19,462 | -31.4% |
| Profit (loss) for the period | 9904 | €153,506 | €102,938 | -€50,567 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €153,506 | €102,938 | -€50,567 | -32.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.