MEDICALMAX: 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.
MEDICALMAX
Largest movements
- Receivables after one year +€116,500
up €116,500 (+34.6%), from €336,274 to €452,774
- Receivables within one year -€21,833
down €21,833 (-14.4%), from €151,510 to €129,678
of which Other amounts receivable: -€30,986
- Profit (loss) carried forward +€64,894
up €64,894 (+17.7%), from €367,006 to €431,900
- Tax, wage and social debts +€22,613
up €22,613 (+63.8%), from €35,428 to €58,042
of which Taxes: +€18,051
- Debts after one year -€11,749
down €11,749 (-26.1%), from €44,964 to €33,215
- Trade debts +€8,959
up €8,959 (+71.0%), from €12,613 to €21,572
- Gross operating margin +€97,720
up €97,720 (+143%), from €68,474 to €166,194
- Staff costs +€65,635
new in 2025: €65,635
- Financial charges -€10,244
down €10,244 (-62.8%), from €16,311 to €6,067
- Financial income +€10,130
up €10,130 (+662,122%), from €2 to €10,132
- Taxes +€7,824
up €7,824 (+37.1%), from €21,069 to €28,893
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 | €517,524 | €604,025 | +€86,501 | +16.7% |
| Fixed assets | 21/28 | €25,620 | €20,173 | -€5,447 | -21.3% |
| Tangible fixed assets | 22/27 | €14,919 | €9,094 | -€5,825 | -39.0% |
| Furniture and vehicles | 24 | €13,198 | €8,940 | -€4,258 | -32.3% |
| Other tangible fixed assets | 26 | €1,721 | €154 | -€1,567 | -91.1% |
| Financial fixed assets | 28 | €10,701 | €11,079 | +€378 | +3.5% |
| Current assets | 29/58 | €491,904 | €583,852 | +€91,948 | +18.7% |
| Amounts receivable after more than one year | 29 | €336,274 | €452,774 | +€116,500 | +34.6% |
| Other amounts receivable | 291 | €336,274 | €452,774 | +€116,500 | +34.6% |
| Amounts receivable within one year | 40/41 | €151,510 | €129,678 | -€21,833 | -14.4% |
| Trade receivables | 40 | - | €9,153 | +€9,153 | |
| Other amounts receivable | 41 | €151,510 | €120,525 | -€30,986 | -20.5% |
| Cash at bank and in hand | 54/58 | €4,120 | €1,264 | -€2,856 | -69.3% |
| Deferred charges and accrued income | 490/1 | - | €136 | +€136 | |
| Total equity and liabilities | 10/49 | €517,524 | €604,025 | +€86,501 | +16.7% |
| Equity | 10/15 | €381,266 | €446,160 | +€64,894 | +17.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €367,006 | €431,900 | +€64,894 | +17.7% |
| Amounts payable | 17/49 | €136,258 | €157,865 | +€21,607 | +15.9% |
| Amounts payable after more than one year | 17 | €44,964 | €33,215 | -€11,749 | -26.1% |
| Financial debts | 170/4 | €44,964 | €33,215 | -€11,749 | -26.1% |
| Amounts payable within one year | 42/48 | €91,294 | €124,650 | +€33,356 | +36.5% |
| Current portion of amounts payable after more than one year | 42 | €7,499 | €11,055 | +€3,557 | +47.4% |
| Financial debts | 43 | €19,088 | €17,615 | -€1,472 | -7.7% |
| Credit institutions | 430/8 | €19,088 | €17,615 | -€1,472 | -7.7% |
| Trade debts | 44 | €12,613 | €21,572 | +€8,959 | +71.0% |
| Suppliers | 440/4 | €12,613 | €21,572 | +€8,959 | +71.0% |
| Taxes, remuneration and social security | 45 | €35,428 | €58,042 | +€22,613 | +63.8% |
| Taxes | 450/3 | €31,106 | €49,157 | +€18,051 | +58.0% |
| Remuneration and social security | 454/9 | €4,322 | €8,885 | +€4,562 | +106% |
| Other amounts payable | 47/48 | €16,665 | €16,365 | -€300 | -1.8% |
| Non-recurring operating income | 76A | - | €10 | +€10 | |
| Remuneration, social security and pensions | 62 | - | €65,635 | +€65,635 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,065 | €5,825 | +€1,760 | +43.3% |
| Other operating charges | 640/8 | €5,647 | €5,011 | -€636 | -11.3% |
| Gross operating margin | 9900 | €68,474 | €166,194 | +€97,720 | +143% |
| Operating profit (loss) | 9901 | €58,761 | €89,722 | +€30,961 | +52.7% |
| Financial income | 75/76B | €2 | €10,132 | +€10,130 | +662,122% |
| Recurring financial income | 75 | €2 | €10,132 | +€10,130 | +662,122% |
| Financial charges | 65/66B | €16,311 | €6,067 | -€10,244 | -62.8% |
| Recurring financial charges | 65 | €16,311 | €6,067 | -€10,244 | -62.8% |
| Profit (loss) for the period before taxes | 9903 | €42,451 | €93,787 | +€51,336 | +121% |
| Income taxes | 67/77 | €21,069 | €28,893 | +€7,824 | +37.1% |
| Profit (loss) for the period | 9904 | €21,382 | €64,894 | +€43,512 | +203% |
| Profit (loss) for the period to be appropriated | 9905 | €21,382 | €64,894 | +€43,512 | +203% |
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 26 October 2026 via checked.be.