MEDICAOR: 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.
MEDICAOR
Largest movements
- Cash +€109,173
up €109,173 (+82.2%), from €132,769 to €241,942
mainly Other debts (+€365,930) and Net result for the year (+€332,238)
- Receivables within one year -€41,542
down €41,542 (-32.4%), from €128,207 to €86,665
of which Trade receivables: -€45,654
- Profit (loss) carried forward -€379,072
down €379,072 (-100%), from €379,072 to €0
- Other debts +€365,930
up €365,930 (+7,065%), from €5,179 to €371,109
- Tax, wage and social debts +€77,414
up €77,414 (+164%), from €47,180 to €124,594
of which Taxes: +€73,843
- Gross operating margin +€107,350
up €107,350 (+28.5%), from €376,274 to €483,624
- Taxes +€27,658
up €27,658 (+27.7%), from €99,924 to €127,582
- Staff costs -€6,252
down €6,252 (-22.1%), from €28,333 to €22,081
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 | €478,768 | €540,412 | +€61,644 | +12.9% |
| Fixed assets | 21/28 | €212,612 | €211,504 | -€1,109 | -0.5% |
| Tangible fixed assets | 22/27 | €3,748 | €2,640 | -€1,109 | -29.6% |
| Furniture and vehicles | 24 | €3,748 | €2,640 | -€1,109 | -29.6% |
| Financial fixed assets | 28 | €208,864 | €208,864 | = | 0.0% |
| Current assets | 29/58 | €266,156 | €328,909 | +€62,753 | +23.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €128,207 | €86,665 | -€41,542 | -32.4% |
| Trade receivables | 40 | €128,207 | €82,554 | -€45,654 | -35.6% |
| Other amounts receivable | 41 | €0 | €4,111 | +€4,111 | |
| Cash at bank and in hand | 54/58 | €132,769 | €241,942 | +€109,173 | +82.2% |
| Deferred charges and accrued income | 490/1 | €5,179 | €301 | -€4,878 | -94.2% |
| Total equity and liabilities | 10/49 | €478,768 | €540,412 | +€61,644 | +12.9% |
| Equity | 10/15 | €397,672 | €18,600 | -€379,072 | -95.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €379,072 | €0 | -€379,072 | -100% |
| Amounts payable | 17/49 | €81,095 | €521,812 | +€440,717 | +543% |
| Amounts payable within one year | 42/48 | €81,095 | €521,812 | +€440,717 | +543% |
| Trade debts | 44 | €28,736 | €26,109 | -€2,627 | -9.1% |
| Suppliers | 440/4 | €28,736 | €26,109 | -€2,627 | -9.1% |
| Taxes, remuneration and social security | 45 | €47,180 | €124,594 | +€77,414 | +164% |
| Taxes | 450/3 | €44,103 | €117,946 | +€73,843 | +167% |
| Remuneration and social security | 454/9 | €3,077 | €6,647 | +€3,570 | +116% |
| Other amounts payable | 47/48 | €5,179 | €371,109 | +€365,930 | +7,065% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €28,333 | €22,081 | -€6,252 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,109 | €1,109 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €1,017 | +€630 | +163% |
| Gross operating margin | 9900 | €376,274 | €483,624 | +€107,350 | +28.5% |
| Operating profit (loss) | 9901 | €346,445 | €459,417 | +€112,972 | +32.6% |
| Financial income | 75/76B | €1,327 | €714 | -€612 | -46.2% |
| Recurring financial income | 75 | €1,327 | €714 | -€612 | -46.2% |
| Financial charges | 65/66B | €205 | €311 | +€107 | +52.1% |
| Recurring financial charges | 65 | €205 | €311 | +€107 | +52.1% |
| Profit (loss) for the period before taxes | 9903 | €347,567 | €459,820 | +€112,253 | +32.3% |
| Income taxes | 67/77 | €99,924 | €127,582 | +€27,658 | +27.7% |
| Profit (loss) for the period | 9904 | €247,643 | €332,238 | +€84,595 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €247,643 | €332,238 | +€84,595 | +34.2% |
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.