MEDIC-OR: 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-OR
Largest movements
- Cash +€101,604
up €101,604 (+16.9%), from €602,809 to €704,413
mainly Net result for the year (+€162,495) and Depreciation (+€35,929)
- Deferred charges and accrued income -€21,705
down €21,705 (-17.3%), from €125,272 to €103,567
- Reserves +€162,495
up €162,495 (+21.1%), from €770,712 to €933,208
of which Distributable reserves: +€162,495
- Other debts -€70,367
down €70,367 (-96.1%), from €73,226 to €2,859
- Tax, wage and social debts -€14,577
down €14,577 (-53.5%), from €27,236 to €12,659
- Financial charges +€26,848
up €26,848 (+6906.7%), from €389 to €27,237
- Taxes -€8,468
down €8,468 (-10.6%), from €79,599 to €71,131
- Gross operating margin +€4,557
up €4,557 (+1.6%), from €293,250 to €297,807
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 | €881,056 | €959,865 | +€78,809 | +8.9% |
| Fixed assets | 21/28 | €136,330 | €141,005 | +€4,675 | +3.4% |
| Tangible fixed assets | 22/27 | €134,330 | €139,005 | +€4,675 | +3.5% |
| Land and buildings | 22 | €87,595 | €92,049 | +€4,454 | +5.1% |
| Plant, machinery and equipment | 23 | €24,510 | €14,068 | -€10,442 | -42.6% |
| Furniture and vehicles | 24 | €22,225 | €32,888 | +€10,663 | +48.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €744,726 | €818,860 | +€74,134 | +10.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €16,645 | €10,879 | -€5,765 | -34.6% |
| Trade receivables | 40 | €16,645 | €10,879 | -€5,765 | -34.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €602,809 | €704,413 | +€101,604 | +16.9% |
| Deferred charges and accrued income | 490/1 | €125,272 | €103,567 | -€21,705 | -17.3% |
| Total equity and liabilities | 10/49 | €881,056 | €959,865 | +€78,809 | +8.9% |
| Equity | 10/15 | €776,912 | €939,408 | +€162,495 | +20.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €770,712 | €933,208 | +€162,495 | +21.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,866 | €23,866 | = | 0.0% |
| Distributable reserves | 133 | €744,992 | €907,487 | +€162,495 | +21.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €104,143 | €20,457 | -€83,686 | -80.4% |
| Amounts payable within one year | 42/48 | €102,684 | €18,951 | -€83,733 | -81.5% |
| Trade debts | 44 | €2,221 | €3,433 | +€1,212 | +54.5% |
| Suppliers | 440/4 | €2,221 | €3,433 | +€1,212 | +54.5% |
| Taxes, remuneration and social security | 45 | €27,236 | €12,659 | -€14,577 | -53.5% |
| Taxes | 450/3 | €27,236 | €12,659 | -€14,577 | -53.5% |
| Other amounts payable | 47/48 | €73,226 | €2,859 | -€70,367 | -96.1% |
| Accrued charges and deferred income | 492/3 | €1,459 | €1,506 | +€47 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,298 | €35,929 | +€2,630 | +7.9% |
| Other operating charges | 640/8 | €2,546 | €2,359 | -€187 | -7.4% |
| Gross operating margin | 9900 | €293,250 | €297,807 | +€4,557 | +1.6% |
| Operating profit (loss) | 9901 | €257,406 | €259,520 | +€2,114 | +0.8% |
| Financial income | 75/76B | €2,277 | €1,344 | -€933 | -41.0% |
| Recurring financial income | 75 | €2,277 | €1,344 | -€933 | -41.0% |
| Financial charges | 65/66B | €389 | €27,237 | +€26,848 | +6906.7% |
| Recurring financial charges | 65 | €389 | €27,237 | +€26,848 | +6906.7% |
| Profit (loss) for the period before taxes | 9903 | €259,294 | €233,627 | -€25,668 | -9.9% |
| Income taxes | 67/77 | €79,599 | €71,131 | -€8,468 | -10.6% |
| Profit (loss) for the period | 9904 | €179,695 | €162,495 | -€17,200 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €179,695 | €162,495 | -€17,200 | -9.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.