MEDICA: 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.
What changed
MEDICA
NACE 86.210, General medical practice
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€31,916
2024 · €24,188+€7,728
Equity
€587,274
2024 · €563,358+€23,916
Cash
€400,636
2024 · €432,295-€31,659
Balance sheet total
€842,030
2024 · €846,494-€4,464
Largest movements
Assets
- Cash -€31,659
down €31,659 (-7.3%), from €432,295 to €400,636
mainly Investment in fixed assets (net) (-€27,030) and Debts after one year (-€17,986)
- Receivables within one year +€16,071
up €16,071 (+36.0%), from €44,700 to €60,771
of which Trade receivables: +€17,463
Equity and liabilities
- Reserves +€20,000
up €20,000 (+4.0%), from €497,371 to €517,371
- Debts after one year -€17,986
down €17,986 (-8.7%), from €206,492 to €188,506
- Trade debts -€11,312
down €11,312 (-71.1%), from €15,902 to €4,591
Income statement
- Gross operating margin +€14,830
up €14,830 (+14.3%), from €103,494 to €118,323
- Taxes +€5,530
up €5,530 (+63.7%), from €8,687 to €14,217
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.
Result 2024
€24,188
Gross operating margin
+€14,830
Staff costs
-€442
Depreciation
-€225
Other operating charges
-€226
Other operating items
-€354
Financial income
-€258
Financial charges
-€67
Taxes
-€5,530
Result 2025
€31,916
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€26,040
Investment
-€32,139
Financing
-€25,560
Cash 2024
€432,295
From operations (derived)
+€26,040
Net result for the year
+€31,916
Depreciation
+€21,221
Receivables within one year
-€16,071
Deferred charges and accrued income
-€206
Trade debts
-€11,312
Tax, wage and social debts
+€943
Advances received
-€451
Investment (derived)
-€32,139
Investment in fixed assets (net)
-€27,030
Current investments
-€5,109
Financing
-€25,560
Debts after one year
-€17,986
Current portion of long-term debt
+€426
Contributions, distributions and other
-€8,000
Cash 2025
€400,636
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €846,494 | €842,030 | -€4,464 | -0.5% |
| Fixed assets | 21/28 | €325,119 | €330,928 | +€5,809 | +1.8% |
| Tangible fixed assets | 22/27 | €324,973 | €330,782 | +€5,809 | +1.8% |
| Land and buildings | 22 | €311,922 | €322,124 | +€10,202 | +3.3% |
| Furniture and vehicles | 24 | €4,052 | €1,967 | -€2,085 | -51.5% |
| Other tangible fixed assets | 26 | €8,999 | €6,691 | -€2,308 | -25.6% |
| Financial fixed assets | 28 | €146 | €146 | = | 0.0% |
| Current assets | 29/58 | €521,375 | €511,102 | -€10,273 | -2.0% |
| Amounts receivable within one year | 40/41 | €44,700 | €60,771 | +€16,071 | +36.0% |
| Trade receivables | 40 | €14,687 | €32,150 | +€17,463 | +119% |
| Other amounts receivable | 41 | €30,012 | €28,621 | -€1,392 | -4.6% |
| Current investments | 50/53 | €42,138 | €47,247 | +€5,109 | +12.1% |
| Cash at bank and in hand | 54/58 | €432,295 | €400,636 | -€31,659 | -7.3% |
| Deferred charges and accrued income | 490/1 | €2,243 | €2,449 | +€206 | +9.2% |
| Total equity and liabilities | 10/49 | €846,494 | €842,030 | -€4,464 | -0.5% |
| Equity | 10/15 | €563,358 | €587,274 | +€23,916 | +4.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €497,371 | €517,371 | +€20,000 | +4.0% |
| Distributable reserves | 133 | €497,371 | €517,371 | +€20,000 | +4.0% |
| Profit (loss) carried forward | 14 | €53,587 | €57,503 | +€3,916 | +7.3% |
| Amounts payable | 17/49 | €283,137 | €254,756 | -€28,380 | -10.0% |
| Amounts payable after more than one year | 17 | €206,492 | €188,506 | -€17,986 | -8.7% |
| Financial debts | 170/4 | €206,492 | €188,506 | -€17,986 | -8.7% |
| Amounts payable within one year | 42/48 | €76,645 | €66,251 | -€10,394 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €17,560 | €17,986 | +€426 | +2.4% |
| Trade debts | 44 | €15,902 | €4,591 | -€11,312 | -71.1% |
| Suppliers | 440/4 | €15,902 | €4,591 | -€11,312 | -71.1% |
| Advances received on contracts in progress | 46 | €451 | - | -€451 | |
| Taxes, remuneration and social security | 45 | €37,131 | €38,074 | +€943 | +2.5% |
| Taxes | 450/3 | €6,609 | €13,386 | +€6,777 | +103% |
| Remuneration and social security | 454/9 | €30,522 | €24,688 | -€5,834 | -19.1% |
| Other amounts payable | 47/48 | €5,600 | €5,600 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €45,929 | €46,371 | +€442 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,996 | €21,221 | +€225 | +1.1% |
| Other operating charges | 640/8 | €2,828 | €3,054 | +€226 | +8.0% |
| Non-recurring operating charges | 66A | €74 | €427 | +€354 | +481% |
| Gross operating margin | 9900 | €103,494 | €118,323 | +€14,830 | +14.3% |
| Operating profit (loss) | 9901 | €33,667 | €47,251 | +€13,583 | +40.3% |
| Financial income | 75/76B | €4,990 | €4,732 | -€258 | -5.2% |
| Recurring financial income | 75 | €1,764 | €2,462 | +€698 | +39.6% |
| Non-recurring financial income | 76B | €3,226 | €2,270 | -€956 | -29.6% |
| Financial charges | 65/66B | €5,782 | €5,849 | +€67 | +1.2% |
| Recurring financial charges | 65 | €5,782 | €5,849 | +€67 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €32,875 | €46,133 | +€13,258 | +40.3% |
| Income taxes | 67/77 | €8,687 | €14,217 | +€5,530 | +63.7% |
| Profit (loss) for the period | 9904 | €24,188 | €31,916 | +€7,728 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,188 | €31,916 | +€7,728 | +32.0% |
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 22 October 2026 via checked.be.