Medicalo: 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.
Medicalo
Largest movements
- Cash +€31,038
up €31,038 (+1,104%), from €2,812 to €33,850
mainly Net result for the year (+€27,509) and Depreciation (+€17,959)
- Tangible fixed assets -€17,959
down €17,959 (-6.1%), from €296,806 to €278,847
of which Land and buildings: -€11,884
- Profit (loss) carried forward +€27,509
up €27,509, from -€3,704 to €23,804
- Debts after one year -€14,825
down €14,825 (-7.1%), from €208,084 to €193,259
- Other debts -€8,544
down €8,544 (-5.3%), from €159,983 to €151,439
- Tax, wage and social debts +€8,061
up €8,061 (+96.3%), from €8,368 to €16,429
of which Taxes: +€8,922
- Gross operating margin +€15,986
up €15,986 (+18.5%), from €86,485 to €102,471
- Taxes +€8,922
new in 2025: €8,922
- Financial charges -€3,556
down €3,556 (-33.6%), from €10,582 to €7,026
- Staff costs +€2,859
up €2,859 (+7.8%), from €36,815 to €39,673
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 | €391,895 | €403,273 | +€11,378 | +2.9% |
| Fixed assets | 21/28 | €296,806 | €278,847 | -€17,959 | -6.1% |
| Tangible fixed assets | 22/27 | €296,806 | €278,847 | -€17,959 | -6.1% |
| Land and buildings | 22 | €280,853 | €268,969 | -€11,884 | -4.2% |
| Plant, machinery and equipment | 23 | €3,508 | €1,799 | -€1,709 | -48.7% |
| Furniture and vehicles | 24 | €12,445 | €8,079 | -€4,366 | -35.1% |
| Current assets | 29/58 | €95,089 | €124,427 | +€29,337 | +30.9% |
| Cash at bank and in hand | 54/58 | €2,812 | €33,850 | +€31,038 | +1,104% |
| Deferred charges and accrued income | 490/1 | €92,277 | €90,576 | -€1,701 | -1.8% |
| Total equity and liabilities | 10/49 | €391,895 | €403,273 | +€11,378 | +2.9% |
| Equity | 10/15 | -€704 | €26,804 | +€27,509 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,704 | €23,804 | +€27,509 | |
| Amounts payable | 17/49 | €392,600 | €376,469 | -€16,131 | -4.1% |
| Amounts payable after more than one year | 17 | €208,084 | €193,259 | -€14,825 | -7.1% |
| Financial debts | 170/4 | €208,084 | €193,259 | -€14,825 | -7.1% |
| Amounts payable within one year | 42/48 | €184,076 | €183,210 | -€866 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €14,212 | €14,810 | +€597 | +4.2% |
| Trade debts | 44 | €1,513 | €533 | -€980 | -64.8% |
| Suppliers | 440/4 | €1,513 | €533 | -€980 | -64.8% |
| Taxes, remuneration and social security | 45 | €8,368 | €16,429 | +€8,061 | +96.3% |
| Taxes | 450/3 | - | €8,922 | +€8,922 | |
| Remuneration and social security | 454/9 | €8,368 | €7,507 | -€861 | -10.3% |
| Other amounts payable | 47/48 | €159,983 | €151,439 | -€8,544 | -5.3% |
| Accrued charges and deferred income | 492/3 | €439 | - | -€439 | |
| Remuneration, social security and pensions | 62 | €36,815 | €39,673 | +€2,859 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,157 | €17,959 | -€198 | -1.1% |
| Other operating charges | 640/8 | €2,257 | €1,383 | -€874 | -38.7% |
| Gross operating margin | 9900 | €86,485 | €102,471 | +€15,986 | +18.5% |
| Operating profit (loss) | 9901 | €29,257 | €43,456 | +€14,199 | +48.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +3.4% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +3.4% |
| Financial charges | 65/66B | €10,582 | €7,026 | -€3,556 | -33.6% |
| Recurring financial charges | 65 | €10,582 | €7,026 | -€3,556 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €18,675 | €36,430 | +€17,755 | +95.1% |
| Income taxes | 67/77 | - | €8,922 | +€8,922 | |
| Profit (loss) for the period | 9904 | €18,675 | €27,509 | +€8,833 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,675 | €27,509 | +€8,833 | +47.3% |
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 31 October 2026 via checked.be.