MÉDICALIS: 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.
MÉDICALIS
Largest movements
- Receivables within one year -€7,270
down €7,270 (-34.8%), from €20,909 to €13,639
of which Trade receivables: -€7,823
- Cash +€2,968
up €2,968 (+144%), from €2,061 to €5,030
mainly Receivables within one year (+€7,270) and Stocks and contracts (+€1,491)
- Stocks and contracts -€1,491
down €1,491 (-2.3%), from €65,134 to €63,643
- Intangible fixed assets +€1,276
new in 2025: €1,276
- Trade debts -€3,784
down €3,784 (-18.0%), from €21,017 to €17,232
- Tax, wage and social debts -€2,165
down €2,165 (-19.3%), from €11,239 to €9,074
of which Taxes: -€1,865
- Reserves +€1,100
up €1,100 (+4.3%), from €25,500 to €26,600
- Gross operating margin -€6,824
down €6,824 (-56.2%), from €12,134 to €5,311
- Depreciation -€2,728
down €2,728 (-71.9%), from €3,796 to €1,068
- Other operating charges -€1,334
down €1,334 (-67.4%), from €1,979 to €645
- Taxes -€1,095
down €1,095 (-45.4%), from €2,411 to €1,316
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 | €92,009 | €87,700 | -€4,309 | -4.7% |
| Fixed assets | 21/28 | €2,256 | €3,635 | +€1,378 | +61.1% |
| Intangible fixed assets | 21 | - | €1,276 | +€1,276 | |
| Tangible fixed assets | 22/27 | €1,772 | €1,875 | +€103 | +5.8% |
| Plant, machinery and equipment | 23 | - | €354 | +€354 | |
| Furniture and vehicles | 24 | €1,045 | €1,132 | +€87 | +8.3% |
| Other tangible fixed assets | 26 | €727 | €388 | -€339 | -46.6% |
| Financial fixed assets | 28 | €484 | €484 | = | 0.0% |
| Current assets | 29/58 | €89,753 | €84,065 | -€5,688 | -6.3% |
| Stocks and contracts in progress | 3 | €65,134 | €63,643 | -€1,491 | -2.3% |
| Stocks | 30/36 | €65,134 | €63,643 | -€1,491 | -2.3% |
| Amounts receivable within one year | 40/41 | €20,909 | €13,639 | -€7,270 | -34.8% |
| Trade receivables | 40 | €20,800 | €12,977 | -€7,823 | -37.6% |
| Other amounts receivable | 41 | €110 | €662 | +€553 | +504% |
| Cash at bank and in hand | 54/58 | €2,061 | €5,030 | +€2,968 | +144% |
| Deferred charges and accrued income | 490/1 | €1,648 | €1,753 | +€104 | +6.3% |
| Total equity and liabilities | 10/49 | €92,009 | €87,700 | -€4,309 | -4.7% |
| Equity | 10/15 | €47,280 | €48,478 | +€1,198 | +2.5% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €25,500 | €26,600 | +€1,100 | +4.3% |
| Distributable reserves | 133 | €25,500 | €26,600 | +€1,100 | +4.3% |
| Profit (loss) carried forward | 14 | €780 | €878 | +€98 | +12.5% |
| Amounts payable | 17/49 | €44,730 | €39,222 | -€5,507 | -12.3% |
| Amounts payable within one year | 42/48 | €44,730 | €39,114 | -€5,615 | -12.6% |
| Financial debts | 43 | €6,351 | €7,090 | +€739 | +11.6% |
| Credit institutions | 430/8 | €6,351 | €7,090 | +€739 | +11.6% |
| Trade debts | 44 | €21,017 | €17,232 | -€3,784 | -18.0% |
| Suppliers | 440/4 | €21,017 | €17,232 | -€3,784 | -18.0% |
| Taxes, remuneration and social security | 45 | €11,239 | €9,074 | -€2,165 | -19.3% |
| Taxes | 450/3 | €3,639 | €1,774 | -€1,865 | -51.3% |
| Remuneration and social security | 454/9 | €7,600 | €7,300 | -€300 | -3.9% |
| Other amounts payable | 47/48 | €6,123 | €5,718 | -€405 | -6.6% |
| Accrued charges and deferred income | 492/3 | - | €108 | +€108 | |
| Non-recurring operating income | 76A | - | €17 | +€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,796 | €1,068 | -€2,728 | -71.9% |
| Other operating charges | 640/8 | €1,979 | €645 | -€1,334 | -67.4% |
| Non-recurring operating charges | 66A | - | €50 | +€50 | |
| Gross operating margin | 9900 | €12,134 | €5,311 | -€6,824 | -56.2% |
| Operating profit (loss) | 9901 | €6,359 | €3,547 | -€2,812 | -44.2% |
| Financial income | 75/76B | €223 | €134 | -€88 | -39.7% |
| Recurring financial income | 75 | €223 | €134 | -€88 | -39.7% |
| Financial charges | 65/66B | €1,134 | €1,168 | +€34 | +3.0% |
| Recurring financial charges | 65 | €1,134 | €1,168 | +€34 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €5,448 | €2,514 | -€2,934 | -53.9% |
| Income taxes | 67/77 | €2,411 | €1,316 | -€1,095 | -45.4% |
| Profit (loss) for the period | 9904 | €3,037 | €1,198 | -€1,839 | -60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,037 | €1,198 | -€1,839 | -60.6% |
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 28 October 2026 via checked.be.