MEDICAL PROGRESS GROUP: 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 PROGRESS GROUP
Largest movements
- Receivables within one year +€47,258
up €47,258 (+23.1%), from €204,781 to €252,039
of which Other amounts receivable: +€64,412
- Tangible fixed assets +€22,022
up €22,022 (+107%), from €20,578 to €42,600
of which Land and buildings: +€29,602
- Cash +€16,940
up €16,940 (+1,438%), from €1,178 to €18,119
mainly Net result for the year (+€88,033) and Depreciation (+€22,462)
- Reserves +€88,000
up €88,000 (+39.4%), from €223,380 to €311,380
of which Distributable reserves: +€90,480
- Trade debts -€23,925
down €23,925 (-92.5%), from €25,853 to €1,928
- Debts after one year +€19,174
new in 2025: €19,174
- Current portion of long-term debt +€5,755
up €5,755 (+59.8%), from €9,627 to €15,382
- Gross operating margin +€25,764
up €25,764 (+22.1%), from €116,477 to €142,242
- Depreciation +€11,392
up €11,392 (+103%), from €11,069 to €22,462
- Taxes +€5,768
up €5,768 (+19.0%), from €30,427 to €36,195
- Financial income +€4,415
up €4,415 (+73.8%), from €5,980 to €10,395
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 | €281,025 | €366,172 | +€85,147 | +30.3% |
| Fixed assets | 21/28 | €21,129 | €43,152 | +€22,022 | +104% |
| Tangible fixed assets | 22/27 | €20,578 | €42,600 | +€22,022 | +107% |
| Land and buildings | 22 | €4,610 | €34,211 | +€29,602 | +642% |
| Furniture and vehicles | 24 | €15,968 | €8,389 | -€7,579 | -47.5% |
| Other tangible fixed assets | 26 | - | €0 | +€0 | |
| Financial fixed assets | 28 | €552 | €552 | = | 0.0% |
| Current assets | 29/58 | €259,895 | €323,020 | +€63,125 | +24.3% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Trade receivables | 290 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €204,781 | €252,039 | +€47,258 | +23.1% |
| Trade receivables | 40 | €18,604 | €1,450 | -€17,154 | -92.2% |
| Other amounts receivable | 41 | €186,177 | €250,589 | +€64,412 | +34.6% |
| Cash at bank and in hand | 54/58 | €1,178 | €18,119 | +€16,940 | +1,438% |
| Deferred charges and accrued income | 490/1 | €3,936 | €2,863 | -€1,072 | -27.3% |
| Total equity and liabilities | 10/49 | €281,025 | €366,172 | +€85,147 | +30.3% |
| Equity | 10/15 | €236,356 | €324,388 | +€88,033 | +37.2% |
| Contributions | 10/11 | €12,405 | €12,405 | = | 0.0% |
| Reserves | 13 | €223,380 | €311,380 | +€88,000 | +39.4% |
| Non-distributable reserves | 130/1 | €2,480 | - | -€2,480 | |
| Reserves not available under the articles | 1311 | €2,480 | - | -€2,480 | |
| Distributable reserves | 133 | €220,900 | €311,380 | +€90,480 | +41.0% |
| Profit (loss) carried forward | 14 | €570 | €603 | +€33 | +5.7% |
| Amounts payable | 17/49 | €44,669 | €41,784 | -€2,885 | -6.5% |
| Amounts payable after more than one year | 17 | - | €19,174 | +€19,174 | |
| Financial debts | 170/4 | - | €19,174 | +€19,174 | |
| Amounts payable within one year | 42/48 | €44,669 | €22,610 | -€22,059 | -49.4% |
| Current portion of amounts payable after more than one year | 42 | €9,627 | €15,382 | +€5,755 | +59.8% |
| Financial debts | 43 | €3,294 | - | -€3,294 | |
| Credit institutions | 430/8 | €3,294 | - | -€3,294 | |
| Trade debts | 44 | €25,853 | €1,928 | -€23,925 | -92.5% |
| Suppliers | 440/4 | €25,853 | €1,928 | -€23,925 | -92.5% |
| Taxes, remuneration and social security | 45 | €5,896 | €5,300 | -€596 | -10.1% |
| Taxes | 450/3 | €5,896 | €5,300 | -€596 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,069 | €22,462 | +€11,392 | +103% |
| Other operating charges | 640/8 | €2,588 | €2,816 | +€228 | +8.8% |
| Gross operating margin | 9900 | €116,477 | €142,242 | +€25,764 | +22.1% |
| Operating profit (loss) | 9901 | €102,820 | €116,964 | +€14,144 | +13.8% |
| Financial income | 75/76B | €5,980 | €10,395 | +€4,415 | +73.8% |
| Recurring financial income | 75 | €5,980 | €10,395 | +€4,415 | +73.8% |
| Financial charges | 65/66B | €2,899 | €3,131 | +€233 | +8.0% |
| Recurring financial charges | 65 | €2,899 | €3,131 | +€233 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €105,901 | €124,228 | +€18,327 | +17.3% |
| Income taxes | 67/77 | €30,427 | €36,195 | +€5,768 | +19.0% |
| Profit (loss) for the period | 9904 | €75,473 | €88,033 | +€12,559 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €75,473 | €88,033 | +€12,559 | +16.6% |
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 18 October 2026 via checked.be.