MEDICAGO: 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.
MEDICAGO
Largest movements
- Tangible fixed assets +€15,356
up €15,356 (+262.1%), from €5,858 to €21,214
of which Furniture and vehicles: +€9,412
- Receivables within one year -€11,482
down €11,482 (-66.2%), from €17,343 to €5,860
of which Trade receivables: -€11,822
- Cash +€10,853
up €10,853 (+787.9%), from €1,377 to €12,230
mainly Net result for the year (+€23,699) and Receivables within one year (+€11,482)
- Deferred charges and accrued income +€10,307
up €10,307 (+233.1%), from €4,421 to €14,728
- Reserves +€23,699
up €23,699 (+140.7%), from €16,845 to €40,544
- Trade debts +€4,952
up €4,952 (+177.0%), from €2,798 to €7,750
- Other debts -€3,165
down €3,165 (-98.5%), from €3,214 to €50
- Tax, wage and social debts -€543
down €543 (-27.8%), from €1,954 to €1,410
- Gross operating margin +€12,990
up €12,990 (+57.2%), from €22,705 to €35,695
- Depreciation +€3,127
up €3,127 (+525.9%), from €595 to €3,722
- Taxes +€1,824
up €1,824 (+37.7%), from €4,836 to €6,661
- Financial charges +€875
up €875 (+560.6%), from €156 to €1,032
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 | €28,999 | €54,032 | +€25,032 | +86.3% |
| Fixed assets | 21/28 | €5,858 | €21,214 | +€15,356 | +262.1% |
| Tangible fixed assets | 22/27 | €5,858 | €21,214 | +€15,356 | +262.1% |
| Plant, machinery and equipment | 23 | €1,086 | €7,030 | +€5,944 | +547.3% |
| Furniture and vehicles | 24 | €4,772 | €14,184 | +€9,412 | +197.2% |
| Current assets | 29/58 | €23,141 | €32,818 | +€9,677 | +41.8% |
| Amounts receivable within one year | 40/41 | €17,343 | €5,860 | -€11,482 | -66.2% |
| Trade receivables | 40 | €17,343 | €5,521 | -€11,822 | -68.2% |
| Other amounts receivable | 41 | - | €339 | +€339 | |
| Cash at bank and in hand | 54/58 | €1,377 | €12,230 | +€10,853 | +787.9% |
| Deferred charges and accrued income | 490/1 | €4,421 | €14,728 | +€10,307 | +233.1% |
| Total equity and liabilities | 10/49 | €28,999 | €54,032 | +€25,032 | +86.3% |
| Equity | 10/15 | €20,545 | €44,244 | +€23,699 | +115.4% |
| Contributions | 10/11 | €3,700 | €3,700 | = | 0.0% |
| Reserves | 13 | €16,845 | €40,544 | +€23,699 | +140.7% |
| Distributable reserves | 133 | €16,845 | €40,544 | +€23,699 | +140.7% |
| Amounts payable | 17/49 | €8,454 | €9,788 | +€1,333 | +15.8% |
| Amounts payable within one year | 42/48 | €7,966 | €9,210 | +€1,244 | +15.6% |
| Trade debts | 44 | €2,798 | €7,750 | +€4,952 | +177.0% |
| Suppliers | 440/4 | €2,798 | €7,750 | +€4,952 | +177.0% |
| Taxes, remuneration and social security | 45 | €1,954 | €1,410 | -€543 | -27.8% |
| Taxes | 450/3 | €1,954 | €1,410 | -€543 | -27.8% |
| Other amounts payable | 47/48 | €3,214 | €50 | -€3,165 | -98.5% |
| Accrued charges and deferred income | 492/3 | €488 | €578 | +€89 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €595 | €3,722 | +€3,127 | +525.9% |
| Other operating charges | 640/8 | €284 | €603 | +€320 | +112.7% |
| Gross operating margin | 9900 | €22,705 | €35,695 | +€12,990 | +57.2% |
| Operating profit (loss) | 9901 | €21,826 | €31,370 | +€9,543 | +43.7% |
| Financial income | 75/76B | €11 | €22 | +€11 | +99.7% |
| Recurring financial income | 75 | €11 | €22 | +€11 | +99.7% |
| Financial charges | 65/66B | €156 | €1,032 | +€875 | +560.6% |
| Recurring financial charges | 65 | €156 | €1,032 | +€875 | +560.6% |
| Profit (loss) for the period before taxes | 9903 | €21,681 | €30,360 | +€8,679 | +40.0% |
| Income taxes | 67/77 | €4,836 | €6,661 | +€1,824 | +37.7% |
| Profit (loss) for the period | 9904 | €16,845 | €23,699 | +€6,854 | +40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,845 | €23,699 | +€6,854 | +40.7% |
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 8 October 2026 via checked.be.