MEDIC-ODONTE: 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.
MEDIC-ODONTE
Largest movements
- Tangible fixed assets +€262,579
up €262,579 (+86.0%), from €305,444 to €568,023
of which Land and buildings: +€231,953
- Cash -€230,087
down €230,087 (-32.1%), from €716,128 to €486,041
mainly Investment in fixed assets (net) (-€372,080) and Contributions, distributions and other (-€85,000)
- Receivables within one year +€21,937
up €21,937 (+103%), from €21,202 to €43,139
of which Other amounts receivable: +€30,410
- Current investments -€13,056
down €13,056 (-6.8%), from €192,109 to €179,053
- Profit (loss) carried forward +€56,700
up €56,700 (+3,268%), from €1,735 to €58,435
- Tax, wage and social debts -€18,118
down €18,118 (-73.7%), from €24,595 to €6,476
of which Taxes: -€15,152
- Current portion of long-term debt -€17,537
down €17,537 (-100%), from €17,537 to €0
- Gross operating margin +€39,942
up €39,942 (+11.0%), from €363,852 to €403,794
- Depreciation +€39,731
up €39,731 (+56.9%), from €69,770 to €109,501
- Financial charges +€38,695
up €38,695 (+1,952%), from €1,982 to €40,677
- Taxes -€19,297
down €19,297 (-31.9%), from €60,460 to €41,162
- Staff costs +€8,453
up €8,453 (+13.8%), from €61,097 to €69,550
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 | €1,236,301 | €1,277,041 | +€40,740 | +3.3% |
| Fixed assets | 21/28 | €306,194 | €568,773 | +€262,579 | +85.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €305,444 | €568,023 | +€262,579 | +86.0% |
| Land and buildings | 22 | €175,968 | €407,921 | +€231,953 | +132% |
| Plant, machinery and equipment | 23 | €79,846 | €124,702 | +€44,856 | +56.2% |
| Furniture and vehicles | 24 | €42,880 | €29,376 | -€13,504 | -31.5% |
| Other tangible fixed assets | 26 | €6,750 | €6,024 | -€726 | -10.8% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €930,107 | €708,267 | -€221,840 | -23.9% |
| Amounts receivable within one year | 40/41 | €21,202 | €43,139 | +€21,937 | +103% |
| Trade receivables | 40 | €8,473 | €0 | -€8,473 | -100% |
| Other amounts receivable | 41 | €12,729 | €43,139 | +€30,410 | +239% |
| Current investments | 50/53 | €192,109 | €179,053 | -€13,056 | -6.8% |
| Cash at bank and in hand | 54/58 | €716,128 | €486,041 | -€230,087 | -32.1% |
| Deferred charges and accrued income | 490/1 | €668 | €34 | -€634 | -94.9% |
| Total equity and liabilities | 10/49 | €1,236,301 | €1,277,041 | +€40,740 | +3.3% |
| Equity | 10/15 | €1,148,648 | €1,215,073 | +€66,425 | +5.8% |
| Contributions | 10/11 | €228,600 | €228,600 | = | 0.0% |
| Reserves | 13 | €918,313 | €928,038 | +€9,725 | +1.1% |
| Non-distributable reserves | 130/1 | €13,532 | €13,532 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,532 | €13,532 | = | 0.0% |
| Tax-exempt reserves | 132 | €92,620 | €187,345 | +€94,725 | +102% |
| Distributable reserves | 133 | €812,161 | €727,161 | -€85,000 | -10.5% |
| Profit (loss) carried forward | 14 | €1,735 | €58,435 | +€56,700 | +3,268% |
| Amounts payable | 17/49 | €87,653 | €61,967 | -€25,685 | -29.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €87,653 | €61,967 | -€25,685 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €17,537 | €0 | -€17,537 | -100% |
| Trade debts | 44 | €45,521 | €55,491 | +€9,970 | +21.9% |
| Suppliers | 440/4 | €45,521 | €55,491 | +€9,970 | +21.9% |
| Taxes, remuneration and social security | 45 | €24,595 | €6,476 | -€18,118 | -73.7% |
| Taxes | 450/3 | €15,152 | €0 | -€15,152 | -100% |
| Remuneration and social security | 454/9 | €9,443 | €6,476 | -€2,967 | -31.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €61,097 | €69,550 | +€8,453 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,770 | €109,501 | +€39,731 | +56.9% |
| Other operating charges | 640/8 | €5,202 | €2,658 | -€2,544 | -48.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €363,852 | €403,794 | +€39,942 | +11.0% |
| Operating profit (loss) | 9901 | €227,782 | €222,084 | -€5,698 | -2.5% |
| Financial income | 75/76B | €7,015 | €11,180 | +€4,165 | +59.4% |
| Recurring financial income | 75 | €7,015 | €11,180 | +€4,165 | +59.4% |
| Financial charges | 65/66B | €1,982 | €40,677 | +€38,695 | +1,952% |
| Recurring financial charges | 65 | €1,982 | €40,677 | +€38,695 | +1,952% |
| Profit (loss) for the period before taxes | 9903 | €232,815 | €192,587 | -€40,227 | -17.3% |
| Income taxes | 67/77 | €60,460 | €41,162 | -€19,297 | -31.9% |
| Profit (loss) for the period | 9904 | €172,355 | €151,425 | -€20,930 | -12.1% |
| Transfer to tax-exempt reserves | 689 | €92,620 | €94,725 | +€2,105 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €79,735 | €56,700 | -€23,035 | -28.9% |
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 17 October 2026 via checked.be.