MEDICALT: 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.
MEDICALT
Largest movements
- Tangible fixed assets +€71,254
up €71,254 (+725%), from €9,827 to €81,082
of which Assets under construction and advance payments: +€74,268
- Receivables within one year +€47,765
up €47,765 (+1,819%), from €2,626 to €50,392
of which Other amounts receivable: +€49,786
- Cash +€37,687
up €37,687 (+30.5%), from €123,548 to €161,235
mainly Net result for the year (+€80,281) and Debts after one year (+€54,870)
- Profit (loss) carried forward +€80,281
up €80,281 (+80.9%), from €99,235 to €179,516
- Debts after one year +€54,870
new in 2025: €54,870
- Tax, wage and social debts +€19,567
up €19,567 (+71.0%), from €27,542 to €47,109
- Current portion of long-term debt +€11,683
new in 2025: €11,683
- Other debts -€10,803
no longer reported in 2025 (was €10,803)
- Gross operating margin -€8,144
down €8,144 (-7.0%), from €116,764 to €108,620
- Taxes -€1,319
down €1,319 (-5.4%), from €24,214 to €22,895
- Financial income +€1,290
new in 2025: €1,290
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 | €139,251 | €296,034 | +€156,783 | +113% |
| Fixed assets | 21/28 | €9,827 | €81,082 | +€71,254 | +725% |
| Tangible fixed assets | 22/27 | €9,827 | €81,082 | +€71,254 | +725% |
| Furniture and vehicles | 24 | €9,827 | €4,806 | -€5,021 | -51.1% |
| Other tangible fixed assets | 26 | - | €2,008 | +€2,008 | |
| Assets under construction and advance payments | 27 | - | €74,268 | +€74,268 | |
| Current assets | 29/58 | €129,423 | €214,952 | +€85,529 | +66.1% |
| Amounts receivable within one year | 40/41 | €2,626 | €50,392 | +€47,765 | +1,819% |
| Trade receivables | 40 | €2,626 | €606 | -€2,020 | -76.9% |
| Other amounts receivable | 41 | - | €49,786 | +€49,786 | |
| Cash at bank and in hand | 54/58 | €123,548 | €161,235 | +€37,687 | +30.5% |
| Deferred charges and accrued income | 490/1 | €3,249 | €3,325 | +€76 | +2.3% |
| Total equity and liabilities | 10/49 | €139,251 | €296,034 | +€156,783 | +113% |
| Equity | 10/15 | €99,236 | €179,517 | +€80,281 | +80.9% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,235 | €179,516 | +€80,281 | +80.9% |
| Amounts payable | 17/49 | €40,015 | €116,517 | +€76,503 | +191% |
| Amounts payable after more than one year | 17 | - | €54,870 | +€54,870 | |
| Financial debts | 170/4 | - | €54,870 | +€54,870 | |
| Amounts payable within one year | 42/48 | €40,015 | €61,016 | +€21,001 | +52.5% |
| Current portion of amounts payable after more than one year | 42 | - | €11,683 | +€11,683 | |
| Trade debts | 44 | €1,670 | €2,224 | +€553 | +33.1% |
| Suppliers | 440/4 | €1,670 | €2,224 | +€553 | +33.1% |
| Taxes, remuneration and social security | 45 | €27,542 | €47,109 | +€19,567 | +71.0% |
| Taxes | 450/3 | €27,542 | €47,109 | +€19,567 | +71.0% |
| Other amounts payable | 47/48 | €10,803 | - | -€10,803 | |
| Accrued charges and deferred income | 492/3 | - | €631 | +€631 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,510 | €5,040 | +€530 | +11.7% |
| Other operating charges | 640/8 | €183 | €147 | -€36 | -19.5% |
| Gross operating margin | 9900 | €116,764 | €108,620 | -€8,144 | -7.0% |
| Operating profit (loss) | 9901 | €112,071 | €103,433 | -€8,638 | -7.7% |
| Financial income | 75/76B | - | €1,290 | +€1,290 | |
| Recurring financial income | 75 | - | €1,290 | +€1,290 | |
| Financial charges | 65/66B | €951 | €1,547 | +€596 | +62.7% |
| Recurring financial charges | 65 | €951 | €1,547 | +€596 | +62.7% |
| Profit (loss) for the period before taxes | 9903 | €111,120 | €103,175 | -€7,945 | -7.1% |
| Income taxes | 67/77 | €24,214 | €22,895 | -€1,319 | -5.4% |
| Profit (loss) for the period | 9904 | €86,906 | €80,281 | -€6,625 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €86,906 | €80,281 | -€6,625 | -7.6% |
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 26 October 2026 via checked.be.