MEDICAL CONFLUENCE: 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.
MEDICAL CONFLUENCE
Largest movements
- Receivables after one year +€55,800
up €55,800 (+18.6%), from €299,900 to €355,700
- Cash +€29,990
up €29,990 (+63.2%), from €47,456 to €77,446
mainly Other debts (+€399,136) and Net result for the year (+€74,082)
- Deferred charges and accrued income +€25,830
up €25,830 (+35.0%), from €73,765 to €99,595
- Receivables within one year +€10,285
up €10,285 (+59.4%), from €17,313 to €27,598
of which Other amounts receivable: +€6,655
- Tangible fixed assets -€7,965
down €7,965 (-39.2%), from €20,315 to €12,350
of which Furniture and vehicles: -€7,880
- Other debts +€399,136
up €399,136 (+45,740%), from €873 to €400,008
- Profit (loss) carried forward -€325,918
down €325,918 (-94.1%), from €346,479 to €20,561
- Tax, wage and social debts +€32,222
up €32,222 (+89.0%), from €36,210 to €68,432
- Provisions +€15,404
up €15,404 (+33.6%), from €45,910 to €61,314
- Financial charges +€53,654
up €53,654 (+1,571%), from €3,415 to €57,069
- Provisions -€30,506
down €30,506 (-66.4%), from €45,910 to €15,404
- Gross operating margin +€26,234
up €26,234 (+16.8%), from €155,856 to €182,090
- Depreciation -€4,544
down €4,544 (-27.9%), from €16,269 to €11,725
- Taxes -€3,989
down €3,989 (-11.0%), from €36,210 to €32,222
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €459,111 | €582,708 | +€123,596 | +26.9% |
| Fixed assets | 21/28 | €20,678 | €16,319 | -€4,358 | -21.1% |
| Intangible fixed assets | 21 | - | €3,606 | +€3,606 | |
| Tangible fixed assets | 22/27 | €20,315 | €12,350 | -€7,965 | -39.2% |
| Furniture and vehicles | 24 | €19,480 | €11,600 | -€7,880 | -40.5% |
| Other tangible fixed assets | 26 | €835 | €750 | -€85 | -10.2% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €438,434 | €566,389 | +€127,955 | +29.2% |
| Amounts receivable after more than one year | 29 | €299,900 | €355,700 | +€55,800 | +18.6% |
| Other amounts receivable | 291 | €299,900 | €355,700 | +€55,800 | +18.6% |
| Amounts receivable within one year | 40/41 | €17,313 | €27,598 | +€10,285 | +59.4% |
| Trade receivables | 40 | €15,107 | €18,737 | +€3,630 | +24.0% |
| Other amounts receivable | 41 | €2,206 | €8,861 | +€6,655 | +302% |
| Current investments | 50/53 | - | €6,050 | +€6,050 | |
| Cash at bank and in hand | 54/58 | €47,456 | €77,446 | +€29,990 | +63.2% |
| Deferred charges and accrued income | 490/1 | €73,765 | €99,595 | +€25,830 | +35.0% |
| Total equity and liabilities | 10/49 | €459,111 | €582,708 | +€123,596 | +26.9% |
| Equity | 10/15 | €348,979 | €23,061 | -€325,918 | -93.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €346,479 | €20,561 | -€325,918 | -94.1% |
| Provisions and deferred taxes | 16 | €45,910 | €61,314 | +€15,404 | +33.6% |
| Provisions for liabilities and charges | 160/5 | €45,910 | €61,314 | +€15,404 | +33.6% |
| Other liabilities and charges | 164/5 | €45,910 | €61,314 | +€15,404 | +33.6% |
| Amounts payable | 17/49 | €64,222 | €498,332 | +€434,110 | +676% |
| Amounts payable within one year | 42/48 | €64,222 | €498,332 | +€434,110 | +676% |
| Trade debts | 44 | €27,140 | €29,892 | +€2,753 | +10.1% |
| Suppliers | 440/4 | €27,140 | €29,892 | +€2,753 | +10.1% |
| Taxes, remuneration and social security | 45 | €36,210 | €68,432 | +€32,222 | +89.0% |
| Taxes | 450/3 | €36,210 | €68,432 | +€32,222 | +89.0% |
| Other amounts payable | 47/48 | €873 | €400,008 | +€399,136 | +45,740% |
| Remuneration, social security and pensions | 62 | €104 | - | -€104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,269 | €11,725 | -€4,544 | -27.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €45,910 | €15,404 | -€30,506 | -66.4% |
| Other operating charges | 640/8 | €2,682 | €3,061 | +€378 | +14.1% |
| Gross operating margin | 9900 | €155,856 | €182,090 | +€26,234 | +16.8% |
| Operating profit (loss) | 9901 | €90,890 | €151,900 | +€61,010 | +67.1% |
| Financial income | 75/76B | €9,451 | €11,473 | +€2,022 | +21.4% |
| Recurring financial income | 75 | €9,451 | €11,473 | +€2,022 | +21.4% |
| Financial charges | 65/66B | €3,415 | €57,069 | +€53,654 | +1,571% |
| Recurring financial charges | 65 | €3,415 | €57,069 | +€53,654 | +1,571% |
| Profit (loss) for the period before taxes | 9903 | €96,927 | €106,304 | +€9,378 | +9.7% |
| Income taxes | 67/77 | €36,210 | €32,222 | -€3,989 | -11.0% |
| Profit (loss) for the period | 9904 | €60,716 | €74,082 | +€13,366 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,716 | €74,082 | +€13,366 | +22.0% |
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 23 October 2026 via checked.be.