MEDICAMBRE: 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.
MEDICAMBRE
Largest movements
- Tangible fixed assets -€19,233
down €19,233 (-3.9%), from €497,847 to €478,614
of which Land and buildings: -€10,614
- Cash -€6,971
down €6,971 (-69.1%), from €10,093 to €3,122
mainly Debts after one year (-€26,398) and Other debts (-€13,223)
- Debts after one year -€26,398
down €26,398 (-6.5%), from €407,356 to €380,958
- Reserves +€13,651
up €13,651 (+73.6%), from €18,560 to €32,211
of which Distributable reserves: +€13,651
- Other debts -€13,223
down €13,223 (-30.8%), from €42,869 to €29,646
- Gross operating margin -€1,012
down €1,012 (-2.2%), from €45,237 to €44,224
- Taxes -€629
down €629 (-9.0%), from €7,000 to €6,370
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 | €508,105 | €482,783 | -€25,322 | -5.0% |
| Fixed assets | 21/28 | €497,847 | €478,614 | -€19,233 | -3.9% |
| Tangible fixed assets | 22/27 | €497,847 | €478,614 | -€19,233 | -3.9% |
| Land and buildings | 22 | €367,499 | €356,885 | -€10,614 | -2.9% |
| Plant, machinery and equipment | 23 | €130,348 | €121,729 | -€8,618 | -6.6% |
| Current assets | 29/58 | €10,258 | €4,169 | -€6,089 | -59.4% |
| Amounts receivable within one year | 40/41 | €45 | €927 | +€882 | +1,959% |
| Trade receivables | 40 | €45 | €927 | +€882 | +1,959% |
| Cash at bank and in hand | 54/58 | €10,093 | €3,122 | -€6,971 | -69.1% |
| Deferred charges and accrued income | 490/1 | €120 | €121 | +€1 | +0.6% |
| Total equity and liabilities | 10/49 | €508,105 | €482,783 | -€25,322 | -5.0% |
| Equity | 10/15 | €24,760 | €38,411 | +€13,651 | +55.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,560 | €32,211 | +€13,651 | +73.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,700 | €30,351 | +€13,651 | +81.7% |
| Amounts payable | 17/49 | €483,345 | €444,372 | -€38,973 | -8.1% |
| Amounts payable after more than one year | 17 | €407,356 | €380,958 | -€26,398 | -6.5% |
| Financial debts | 170/4 | €407,356 | €380,958 | -€26,398 | -6.5% |
| Amounts payable within one year | 42/48 | €75,989 | €63,414 | -€12,575 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €26,120 | €26,398 | +€278 | +1.1% |
| Taxes, remuneration and social security | 45 | €7,000 | €7,370 | +€370 | +5.3% |
| Taxes | 450/3 | €7,000 | €7,370 | +€370 | +5.3% |
| Other amounts payable | 47/48 | €42,869 | €29,646 | -€13,223 | -30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,233 | €19,233 | = | 0.0% |
| Gross operating margin | 9900 | €45,237 | €44,224 | -€1,012 | -2.2% |
| Operating profit (loss) | 9901 | €26,004 | €24,992 | -€1,012 | -3.9% |
| Financial charges | 65/66B | €5,307 | €4,970 | -€337 | -6.4% |
| Recurring financial charges | 65 | €5,307 | €4,970 | -€337 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €20,697 | €20,022 | -€675 | -3.3% |
| Income taxes | 67/77 | €7,000 | €6,370 | -€629 | -9.0% |
| Profit (loss) for the period | 9904 | €13,697 | €13,651 | -€46 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,697 | €13,651 | -€46 | -0.3% |
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 18 October 2026 via checked.be.