MEDICAB: 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.
MEDICAB
Largest movements
- Receivables after one year -€141,000
down €141,000 (-35.2%), from €401,000 to €260,000
- Tangible fixed assets +€31,392
up €31,392 (+17.4%), from €180,247 to €211,639
of which Other tangible fixed assets: +€43,050
- Cash -€11,472
down €11,472 (-19.8%), from €57,931 to €46,459
mainly Contributions, distributions and other (-€339,319) and Investment in fixed assets (net) (-€67,693)
- Current investments +€9,685
up €9,685 (+5.9%), from €165,000 to €174,685
- Reserves -€81,592
down €81,592 (-23.4%), from €348,619 to €267,027
of which Distributable reserves: -€72,292
- Other debts +€29,804
up €29,804 (+10.3%), from €289,244 to €319,048
- Trade debts -€27,031
no longer reported in 2025 (was €27,031)
- Tax, wage and social debts -€17,831
down €17,831 (-27.9%), from €63,874 to €46,043
- Debts after one year -€17,193
down €17,193 (-35.1%), from €48,915 to €31,721
- Taxes +€24,441
up €24,441 (+25.0%), from €97,619 to €122,059
- Gross operating margin +€23,085
up €23,085 (+6.1%), from €380,197 to €403,282
- Depreciation +€14,062
up €14,062 (+62.7%), from €22,440 to €36,502
- Financial income -€8,572
down €8,572 (-33.2%), from €25,851 to €17,279
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 | €931,478 | €815,862 | -€115,616 | -12.4% |
| Fixed assets | 21/28 | €181,445 | €212,637 | +€31,191 | +17.2% |
| Intangible fixed assets | 21 | €1,198 | €997 | -€201 | -16.8% |
| Tangible fixed assets | 22/27 | €180,247 | €211,639 | +€31,392 | +17.4% |
| Plant, machinery and equipment | 23 | €4,128 | €6,370 | +€2,243 | +54.3% |
| Furniture and vehicles | 24 | €65,656 | €51,756 | -€13,900 | -21.2% |
| Other tangible fixed assets | 26 | €110,464 | €153,513 | +€43,050 | +39.0% |
| Current assets | 29/58 | €750,033 | €603,226 | -€146,807 | -19.6% |
| Amounts receivable after more than one year | 29 | €401,000 | €260,000 | -€141,000 | -35.2% |
| Other amounts receivable | 291 | €401,000 | €260,000 | -€141,000 | -35.2% |
| Amounts receivable within one year | 40/41 | €113,265 | €115,055 | +€1,789 | +1.6% |
| Other amounts receivable | 41 | €113,265 | €115,055 | +€1,789 | +1.6% |
| Current investments | 50/53 | €165,000 | €174,685 | +€9,685 | +5.9% |
| Cash at bank and in hand | 54/58 | €57,931 | €46,459 | -€11,472 | -19.8% |
| Deferred charges and accrued income | 490/1 | €12,836 | €7,027 | -€5,810 | -45.3% |
| Total equity and liabilities | 10/49 | €931,478 | €815,862 | -€115,616 | -12.4% |
| Equity | 10/15 | €441,619 | €360,027 | -€81,592 | -18.5% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €348,619 | €267,027 | -€81,592 | -23.4% |
| Non-distributable reserves | 130/1 | €9,300 | - | -€9,300 | |
| Reserves not available under the articles | 1311 | €9,300 | - | -€9,300 | |
| Distributable reserves | 133 | €339,319 | €267,027 | -€72,292 | -21.3% |
| Amounts payable | 17/49 | €489,859 | €455,835 | -€34,024 | -6.9% |
| Amounts payable after more than one year | 17 | €48,915 | €31,721 | -€17,193 | -35.1% |
| Financial debts | 170/4 | €48,915 | €31,721 | -€17,193 | -35.1% |
| Amounts payable within one year | 42/48 | €440,944 | €424,114 | -€16,830 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €60,794 | €59,022 | -€1,772 | -2.9% |
| Trade debts | 44 | €27,031 | - | -€27,031 | |
| Suppliers | 440/4 | €27,031 | - | -€27,031 | |
| Taxes, remuneration and social security | 45 | €63,874 | €46,043 | -€17,831 | -27.9% |
| Taxes | 450/3 | €63,874 | €46,043 | -€17,831 | -27.9% |
| Other amounts payable | 47/48 | €289,244 | €319,048 | +€29,804 | +10.3% |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,440 | €36,502 | +€14,062 | +62.7% |
| Other operating charges | 640/8 | €401 | €407 | +€6 | +1.6% |
| Gross operating margin | 9900 | €380,197 | €403,282 | +€23,085 | +6.1% |
| Operating profit (loss) | 9901 | €357,357 | €366,373 | +€9,016 | +2.5% |
| Financial income | 75/76B | €25,851 | €17,279 | -€8,572 | -33.2% |
| Recurring financial income | 75 | €25,851 | €17,279 | -€8,572 | -33.2% |
| Financial charges | 65/66B | €3,290 | €3,866 | +€576 | +17.5% |
| Recurring financial charges | 65 | €3,290 | €3,866 | +€576 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €379,918 | €379,786 | -€131 | 0.0% |
| Income taxes | 67/77 | €97,619 | €122,059 | +€24,441 | +25.0% |
| Profit (loss) for the period | 9904 | €282,299 | €257,727 | -€24,572 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €282,299 | €257,727 | -€24,572 | -8.7% |
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 4 October 2026 via checked.be.