MEDICADE: 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.
MEDICADE
Largest movements
- Intangible fixed assets -€10,000
down €10,000 (-16.7%), from €59,945 to €49,945
- Tangible fixed assets -€6,044
down €6,044 (-25.2%), from €23,991 to €17,946
- Deferred charges and accrued income +€3,565
up €3,565 (+47.9%), from €7,448 to €11,012
- Cash -€2,620
down €2,620 (-3.1%), from €85,619 to €82,998
mainly Contributions, distributions and other (-€28,280) and Debts after one year (-€20,238)
- Debts after one year -€20,238
down €20,238 (-38.1%), from €53,134 to €32,896
- Tax, wage and social debts +€7,561
up €7,561 (+700.8%), from €1,079 to €8,640
- Other debts -€3,424
down €3,424 (-8.2%), from €41,594 to €38,171
- Gross operating margin +€9,426
up €9,426 (+19.8%), from €47,510 to €56,936
- Other operating charges +€1,690
up €1,690 (+183.6%), from €920 to €2,610
- Taxes +€1,392
up €1,392 (+22.9%), from €6,079 to €7,471
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 | €178,359 | €161,902 | -€16,457 | -9.2% |
| Fixed assets | 21/28 | €83,936 | €67,892 | -€16,044 | -19.1% |
| Intangible fixed assets | 21 | €59,945 | €49,945 | -€10,000 | -16.7% |
| Tangible fixed assets | 22/27 | €23,991 | €17,946 | -€6,044 | -25.2% |
| Furniture and vehicles | 24 | €23,991 | €17,946 | -€6,044 | -25.2% |
| Current assets | 29/58 | €94,423 | €94,010 | -€413 | -0.4% |
| Amounts receivable within one year | 40/41 | €1,357 | - | -€1,357 | |
| Trade receivables | 40 | €1,357 | - | -€1,357 | |
| Cash at bank and in hand | 54/58 | €85,619 | €82,998 | -€2,620 | -3.1% |
| Deferred charges and accrued income | 490/1 | €7,448 | €11,012 | +€3,565 | +47.9% |
| Total equity and liabilities | 10/49 | €178,359 | €161,902 | -€16,457 | -9.2% |
| Equity | 10/15 | €57,891 | €57,891 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,891 | €54,891 | = | 0.0% |
| Amounts payable | 17/49 | €120,468 | €104,011 | -€16,457 | -13.7% |
| Amounts payable after more than one year | 17 | €53,134 | €32,896 | -€20,238 | -38.1% |
| Financial debts | 170/4 | €53,134 | €32,896 | -€20,238 | -38.1% |
| Amounts payable within one year | 42/48 | €66,090 | €69,871 | +€3,781 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €19,835 | €20,238 | +€403 | +2.0% |
| Trade debts | 44 | €3,582 | €2,822 | -€760 | -21.2% |
| Suppliers | 440/4 | €3,582 | €2,822 | -€760 | -21.2% |
| Taxes, remuneration and social security | 45 | €1,079 | €8,640 | +€7,561 | +700.8% |
| Taxes | 450/3 | €1,079 | €8,640 | +€7,561 | +700.8% |
| Other amounts payable | 47/48 | €41,594 | €38,171 | -€3,424 | -8.2% |
| Accrued charges and deferred income | 492/3 | €1,244 | €1,244 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,799 | €17,027 | +€229 | +1.4% |
| Other operating charges | 640/8 | €920 | €2,610 | +€1,690 | +183.6% |
| Gross operating margin | 9900 | €47,510 | €56,936 | +€9,426 | +19.8% |
| Operating profit (loss) | 9901 | €29,792 | €37,299 | +€7,507 | +25.2% |
| Financial charges | 65/66B | €2,008 | €1,548 | -€460 | -22.9% |
| Recurring financial charges | 65 | €2,008 | €1,548 | -€460 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €27,784 | €35,751 | +€7,967 | +28.7% |
| Income taxes | 67/77 | €6,079 | €7,471 | +€1,392 | +22.9% |
| Profit (loss) for the period | 9904 | €21,705 | €28,280 | +€6,575 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,705 | €28,280 | +€6,575 | +30.3% |
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 8 October 2026 via checked.be.