MEDICAL PERSPECTIVES: 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 PERSPECTIVES
Largest movements
- Receivables after one year +€147,877
up €147,877 (+11.4%), from €1.3m to €1.4m
- Cash +€24,880
up €24,880 (+64.3%), from €38,694 to €63,574
mainly Net result for the year (+€125,639) and Tax, wage and social debts (+€56,435)
- Reserves +€100,000
up €100,000 (+22.2%), from €450,395 to €550,395
of which Distributable reserves: +€100,000
- Tax, wage and social debts +€56,435
up €56,435 (+44.7%), from €126,292 to €182,727
- Profit (loss) carried forward +€25,639
up €25,639 (+2.7%), from €960,467 to €986,106
- Current portion of long-term debt -€22,249
down €22,249 (-99.2%), from €22,429 to €180
- Taxes +€6,659
up €6,659 (+12.3%), from €54,046 to €60,705
- Depreciation -€2,737
down €2,737 (-17.5%), from €15,669 to €12,931
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 | €1,761,418 | €1,921,243 | +€159,825 | +9.1% |
| Fixed assets | 21/28 | €398,511 | €385,579 | -€12,931 | -3.2% |
| Tangible fixed assets | 22/27 | €398,015 | €385,084 | -€12,931 | -3.2% |
| Land and buildings | 22 | €397,306 | €384,374 | -€12,931 | -3.3% |
| Furniture and vehicles | 24 | €709 | €709 | = | 0.0% |
| Financial fixed assets | 28 | €496 | €496 | = | 0.0% |
| Current assets | 29/58 | €1,362,907 | €1,535,663 | +€172,756 | +12.7% |
| Amounts receivable after more than one year | 29 | €1,299,447 | €1,447,324 | +€147,877 | +11.4% |
| Other amounts receivable | 291 | €1,299,447 | €1,447,324 | +€147,877 | +11.4% |
| Amounts receivable within one year | 40/41 | €24,765 | €24,765 | = | 0.0% |
| Other amounts receivable | 41 | €24,765 | €24,765 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,694 | €63,574 | +€24,880 | +64.3% |
| Total equity and liabilities | 10/49 | €1,761,418 | €1,921,243 | +€159,825 | +9.1% |
| Equity | 10/15 | €1,423,261 | €1,548,900 | +€125,639 | +8.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €450,395 | €550,395 | +€100,000 | +22.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,800 | €41,800 | = | 0.0% |
| Distributable reserves | 133 | €406,735 | €506,735 | +€100,000 | +24.6% |
| Profit (loss) carried forward | 14 | €960,467 | €986,106 | +€25,639 | +2.7% |
| Amounts payable | 17/49 | €338,156 | €372,342 | +€34,186 | +10.1% |
| Amounts payable after more than one year | 17 | €189,436 | €189,436 | = | 0.0% |
| Financial debts | 170/4 | €189,436 | €189,436 | = | 0.0% |
| Amounts payable within one year | 42/48 | €148,721 | €182,907 | +€34,186 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €22,429 | €180 | -€22,249 | -99.2% |
| Taxes, remuneration and social security | 45 | €126,292 | €182,727 | +€56,435 | +44.7% |
| Taxes | 450/3 | €126,292 | €182,727 | +€56,435 | +44.7% |
| Remuneration, social security and pensions | 62 | €2,111 | €108 | -€2,004 | -94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,669 | €12,931 | -€2,737 | -17.5% |
| Other operating charges | 640/8 | €2,782 | €4,441 | +€1,658 | +59.6% |
| Gross operating margin | 9900 | €213,261 | €212,758 | -€503 | -0.2% |
| Operating profit (loss) | 9901 | €192,698 | €195,278 | +€2,579 | +1.3% |
| Financial charges | 65/66B | €10,204 | €8,934 | -€1,270 | -12.4% |
| Recurring financial charges | 65 | €10,204 | €8,934 | -€1,270 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €182,495 | €186,344 | +€3,849 | +2.1% |
| Income taxes | 67/77 | €54,046 | €60,705 | +€6,659 | +12.3% |
| Profit (loss) for the period | 9904 | €128,449 | €125,639 | -€2,810 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €128,449 | €125,639 | -€2,810 | -2.2% |
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 28 October 2026 via checked.be.