MEDICABOR: 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.
MEDICABOR
Largest movements
- Cash +€138,151
up €138,151 (+63.2%), from €218,558 to €356,709
mainly Net result for the year (+€104,017) and Depreciation (+€25,533)
- Tangible fixed assets -€25,533
down €25,533 (-14.4%), from €177,756 to €152,224
of which Plant, machinery and equipment: -€20,942
- Profit (loss) carried forward +€104,017
up €104,017 (+1570.6%), from €6,623 to €110,640
- Tax, wage and social debts +€17,409
up €17,409 (+9.0%), from €193,091 to €210,500
of which Taxes: +€20,409
- Gross operating margin +€58,855
up €58,855 (+54.5%), from €108,054 to €166,908
- Taxes +€8,665
up €8,665 (+37.4%), from €23,178 to €31,843
- Depreciation -€1,973
down €1,973 (-7.2%), from €27,505 to €25,533
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 | €396,682 | €510,281 | +€113,599 | +28.6% |
| Fixed assets | 21/28 | €178,124 | €152,591 | -€25,533 | -14.3% |
| Tangible fixed assets | 22/27 | €177,756 | €152,224 | -€25,533 | -14.4% |
| Land and buildings | 22 | €26,491 | €26,491 | = | 0.0% |
| Plant, machinery and equipment | 23 | €145,745 | €124,803 | -€20,942 | -14.4% |
| Furniture and vehicles | 24 | €5,521 | €930 | -€4,590 | -83.1% |
| Financial fixed assets | 28 | €368 | €368 | = | 0.0% |
| Current assets | 29/58 | €218,558 | €357,690 | +€139,132 | +63.7% |
| Cash at bank and in hand | 54/58 | €218,558 | €356,709 | +€138,151 | +63.2% |
| Deferred charges and accrued income | 490/1 | - | €981 | +€981 | |
| Total equity and liabilities | 10/49 | €396,682 | €510,281 | +€113,599 | +28.6% |
| Equity | 10/15 | €157,065 | €261,082 | +€104,017 | +66.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €131,843 | €131,843 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €129,983 | €129,983 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,623 | €110,640 | +€104,017 | +1570.6% |
| Amounts payable | 17/49 | €239,617 | €249,199 | +€9,582 | +4.0% |
| Amounts payable within one year | 42/48 | €236,617 | €249,199 | +€12,582 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €2,293 | - | -€2,293 | |
| Trade debts | 44 | €541 | - | -€541 | |
| Suppliers | 440/4 | €541 | - | -€541 | |
| Taxes, remuneration and social security | 45 | €193,091 | €210,500 | +€17,409 | +9.0% |
| Taxes | 450/3 | €17,591 | €38,000 | +€20,409 | +116.0% |
| Remuneration and social security | 454/9 | €175,500 | €172,500 | -€3,000 | -1.7% |
| Other amounts payable | 47/48 | €40,692 | €38,699 | -€1,993 | -4.9% |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,505 | €25,533 | -€1,973 | -7.2% |
| Other operating charges | 640/8 | €5,902 | €6,676 | +€773 | +13.1% |
| Non-recurring operating charges | 66A | €437 | - | -€437 | |
| Gross operating margin | 9900 | €108,054 | €166,908 | +€58,855 | +54.5% |
| Operating profit (loss) | 9901 | €74,209 | €134,700 | +€60,491 | +81.5% |
| Financial income | 75/76B | €808 | €1,271 | +€463 | +57.3% |
| Recurring financial income | 75 | €808 | €1,271 | +€463 | +57.3% |
| Financial charges | 65/66B | €103 | €111 | +€8 | +7.7% |
| Recurring financial charges | 65 | €103 | €111 | +€8 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €74,915 | €135,860 | +€60,945 | +81.4% |
| Income taxes | 67/77 | €23,178 | €31,843 | +€8,665 | +37.4% |
| Profit (loss) for the period | 9904 | €51,737 | €104,017 | +€52,280 | +101.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,737 | €104,017 | +€52,280 | +101.1% |
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 6 October 2026 via checked.be.