MEDICAL EXPERTEAM: 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 EXPERTEAM
Largest movements
- Current investments +€108,419
up €108,419 (+2,181%), from €4,971 to €113,390
- Cash +€102,072
up €102,072 (+17.2%), from €594,572 to €696,644
mainly Other debts (+€259,283) and Net result for the year (+€204,502)
- Tangible fixed assets -€18,853
down €18,853 (-11.1%), from €170,099 to €151,246
of which Land and buildings: -€14,145
- Other debts +€259,283
up €259,283 (+616%), from €42,125 to €301,408
- Reserves -€65,029
down €65,029 (-9.3%), from €695,759 to €630,731
- Tax, wage and social debts +€30,166
up €30,166 (+51.8%), from €58,285 to €88,451
of which Taxes: +€22,501
- Current portion of long-term debt -€17,473
down €17,473 (-76.0%), from €22,979 to €5,506
- Gross operating margin -€51,452
down €51,452 (-12.8%), from €402,927 to €351,475
- Taxes -€16,212
down €16,212 (-15.3%), from €106,069 to €89,857
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 | €844,397 | €1,037,176 | +€192,779 | +22.8% |
| Fixed assets | 21/28 | €170,290 | €151,246 | -€19,044 | -11.2% |
| Intangible fixed assets | 21 | €191 | €0 | -€191 | -100% |
| Tangible fixed assets | 22/27 | €170,099 | €151,246 | -€18,853 | -11.1% |
| Land and buildings | 22 | €153,797 | €139,652 | -€14,145 | -9.2% |
| Plant, machinery and equipment | 23 | €12,336 | €8,813 | -€3,523 | -28.6% |
| Furniture and vehicles | 24 | €3,966 | €2,781 | -€1,185 | -29.9% |
| Current assets | 29/58 | €674,108 | €885,930 | +€211,823 | +31.4% |
| Amounts receivable within one year | 40/41 | €59,102 | €63,358 | +€4,256 | +7.2% |
| Trade receivables | 40 | €59,102 | €47,748 | -€11,354 | -19.2% |
| Other amounts receivable | 41 | - | €15,610 | +€15,610 | |
| Current investments | 50/53 | €4,971 | €113,390 | +€108,419 | +2,181% |
| Cash at bank and in hand | 54/58 | €594,572 | €696,644 | +€102,072 | +17.2% |
| Deferred charges and accrued income | 490/1 | €15,462 | €12,538 | -€2,924 | -18.9% |
| Total equity and liabilities | 10/49 | €844,397 | €1,037,176 | +€192,779 | +22.8% |
| Equity | 10/15 | €695,759 | €630,731 | -€65,029 | -9.3% |
| Reserves | 13 | €695,759 | €630,731 | -€65,029 | -9.3% |
| Distributable reserves | 133 | €695,759 | €630,731 | -€65,029 | -9.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €148,638 | €406,446 | +€257,808 | +173% |
| Amounts payable after more than one year | 17 | €5,506 | €0 | -€5,506 | -100% |
| Financial debts | 170/4 | €5,506 | €0 | -€5,506 | -100% |
| Amounts payable within one year | 42/48 | €142,132 | €404,340 | +€262,207 | +184% |
| Current portion of amounts payable after more than one year | 42 | €22,979 | €5,506 | -€17,473 | -76.0% |
| Trade debts | 44 | €18,743 | €8,975 | -€9,769 | -52.1% |
| Suppliers | 440/4 | €18,743 | €8,975 | -€9,769 | -52.1% |
| Taxes, remuneration and social security | 45 | €58,285 | €88,451 | +€30,166 | +51.8% |
| Taxes | 450/3 | €54,205 | €76,706 | +€22,501 | +41.5% |
| Remuneration and social security | 454/9 | €4,080 | €11,745 | +€7,665 | +188% |
| Other amounts payable | 47/48 | €42,125 | €301,408 | +€259,283 | +616% |
| Accrued charges and deferred income | 492/3 | €1,000 | €2,106 | +€1,106 | +111% |
| Remuneration, social security and pensions | 62 | €35,239 | €34,525 | -€715 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,510 | €20,391 | -€2,119 | -9.4% |
| Other operating charges | 640/8 | €3,502 | €3,173 | -€330 | -9.4% |
| Gross operating margin | 9900 | €402,927 | €351,475 | -€51,452 | -12.8% |
| Operating profit (loss) | 9901 | €341,676 | €293,387 | -€48,289 | -14.1% |
| Financial income | 75/76B | €4,139 | €5,011 | +€872 | +21.1% |
| Recurring financial income | 75 | €4,139 | €5,011 | +€872 | +21.1% |
| Financial charges | 65/66B | €4,010 | €4,039 | +€28 | +0.7% |
| Recurring financial charges | 65 | €4,010 | €4,039 | +€28 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €341,804 | €294,359 | -€47,445 | -13.9% |
| Income taxes | 67/77 | €106,069 | €89,857 | -€16,212 | -15.3% |
| Profit (loss) for the period | 9904 | €235,735 | €204,502 | -€31,233 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €235,735 | €204,502 | -€31,233 | -13.2% |
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 1 November 2026 via checked.be.