MEDICAL ELECTRONIC CONSTRUCTION RESEARCH & DEVELOPMENT: what changed
What changed
MEDICAL ELECTRONIC CONSTRUCTION RESEARCH & DEVELOPMENT
NACE 46.460, Wholesale of pharmaceutical and medical goods
filed annual accounts (NBB)
Net result for the year
€206,399
2024 · €116,755+€89,644
Equity
€926,205
2024 · €719,805+€206,399
Cash
€217,022
2024 · €173,696+€43,327
Balance sheet total
€1.3m
2024 · €1.1m+€127,464
Largest movements
Assets
- Receivables within one year +€98,080
up €98,080 (+13.0%), from €756,070 to €854,150
of which Trade receivables: +€80,580
- Cash +€43,327
up €43,327 (+24.9%), from €173,696 to €217,022
mainly Net result for the year (+€206,399) and Trade debts (+€22,663)
- Tangible fixed assets -€13,175
down €13,175 (-9.8%), from €134,382 to €121,207
of which Other tangible fixed assets: -€12,695
Equity and liabilities
- Profit (loss) carried forward +€206,399
up €206,399 (+51.1%), from €403,902 to €610,301
- Tax, wage and social debts -€79,684
down €79,684 (-45.6%), from €174,828 to €95,144
of which Taxes: -€78,242
- Trade debts +€22,663
up €22,663 (+29.5%), from €76,929 to €99,593
- Other debts -€21,915
down €21,915 (-12.8%), from €170,884 to €148,969
Income statement
- Gross operating margin +€125,669
up €125,669 (+40.6%), from €309,849 to €435,518
- Taxes +€25,241
up €25,241 (+56.7%), from €44,538 to €69,780
- Staff costs +€4,868
up €4,868 (+3.7%), from €132,866 to €137,735
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€116,755
Gross operating margin
+€125,669
Staff costs
-€4,868
Depreciation
-€1,880
Other operating charges
-€1,423
Other operating items
+€132
Financial income
-€429
Financial charges
-€2,315
Taxes
-€25,241
Result 2025
€206,399
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€46,446
Investment
-€3,119
Financing
€0
Cash 2024
€173,696
From operations (derived)
+€46,446
Net result for the year
+€206,399
Depreciation
+€16,294
Stocks and contracts
-€1,982
Receivables within one year
-€98,080
Deferred charges and accrued income
+€2,750
Trade debts
+€22,663
Tax, wage and social debts
-€79,684
Other debts
-€21,915
Investment (derived)
-€3,119
Investment in fixed assets (net)
-€3,119
Cash 2025
€217,022
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,142,447 | €1,269,911 | +€127,464 | +11.2% |
| Fixed assets | 21/28 | €159,507 | €146,332 | -€13,175 | -8.3% |
| Tangible fixed assets | 22/27 | €134,382 | €121,207 | -€13,175 | -9.8% |
| Plant, machinery and equipment | 23 | €15,295 | €12,149 | -€3,146 | -20.6% |
| Furniture and vehicles | 24 | - | €2,666 | +€2,666 | |
| Other tangible fixed assets | 26 | €119,087 | €106,392 | -€12,695 | -10.7% |
| Financial fixed assets | 28 | €25,125 | €25,125 | = | 0.0% |
| Current assets | 29/58 | €982,940 | €1,123,579 | +€140,638 | +14.3% |
| Stocks and contracts in progress | 3 | €32,550 | €34,532 | +€1,982 | +6.1% |
| Stocks | 30/36 | €32,550 | €34,532 | +€1,982 | +6.1% |
| Amounts receivable within one year | 40/41 | €756,070 | €854,150 | +€98,080 | +13.0% |
| Trade receivables | 40 | €436,197 | €516,776 | +€80,580 | +18.5% |
| Other amounts receivable | 41 | €319,873 | €337,374 | +€17,501 | +5.5% |
| Current investments | 50/53 | €8,415 | €8,415 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €173,696 | €217,022 | +€43,327 | +24.9% |
| Deferred charges and accrued income | 490/1 | €12,210 | €9,459 | -€2,750 | -22.5% |
| Total equity and liabilities | 10/49 | €1,142,447 | €1,269,911 | +€127,464 | +11.2% |
| Equity | 10/15 | €719,805 | €926,205 | +€206,399 | +28.7% |
| Contributions | 10/11 | €40,904 | €40,904 | = | 0.0% |
| Reserves | 13 | €275,000 | €275,000 | = | 0.0% |
| Distributable reserves | 133 | €275,000 | €275,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €403,902 | €610,301 | +€206,399 | +51.1% |
| Amounts payable | 17/49 | €422,642 | €343,706 | -€78,936 | -18.7% |
| Amounts payable within one year | 42/48 | €422,642 | €343,706 | -€78,936 | -18.7% |
| Trade debts | 44 | €76,929 | €99,593 | +€22,663 | +29.5% |
| Suppliers | 440/4 | €76,929 | €99,593 | +€22,663 | +29.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €174,828 | €95,144 | -€79,684 | -45.6% |
| Taxes | 450/3 | €133,098 | €54,856 | -€78,242 | -58.8% |
| Remuneration and social security | 454/9 | €41,730 | €40,288 | -€1,442 | -3.5% |
| Other amounts payable | 47/48 | €170,884 | €148,969 | -€21,915 | -12.8% |
| Remuneration, social security and pensions | 62 | €132,866 | €137,735 | +€4,868 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,414 | €16,294 | +€1,880 | +13.0% |
| Other operating charges | 640/8 | €1,127 | €2,550 | +€1,423 | +126% |
| Non-recurring operating charges | 66A | €132 | - | -€132 | |
| Gross operating margin | 9900 | €309,849 | €435,518 | +€125,669 | +40.6% |
| Operating profit (loss) | 9901 | €161,310 | €278,940 | +€117,629 | +72.9% |
| Financial income | 75/76B | €666 | €237 | -€429 | -64.4% |
| Recurring financial income | 75 | €666 | €237 | -€429 | -64.4% |
| Financial charges | 65/66B | €682 | €2,998 | +€2,315 | +339% |
| Recurring financial charges | 65 | €682 | €2,998 | +€2,315 | +339% |
| Profit (loss) for the period before taxes | 9903 | €161,293 | €276,179 | +€114,885 | +71.2% |
| Income taxes | 67/77 | €44,538 | €69,780 | +€25,241 | +56.7% |
| Profit (loss) for the period | 9904 | €116,755 | €206,399 | +€89,644 | +76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €116,755 | €206,399 | +€89,644 | +76.8% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.