MEDICAP: what changed
Two fiscal 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.
MEDICAP
Largest movements
- Tangible fixed assets -€17,954
down €17,954 (-9.2%), from €194,257 to €176,303
of which Land and buildings: -€17,919
- Receivables within one year -€4,105
down €4,105 (-76.7%), from €5,355 to €1,250
- Debts after one year -€8,827
down €8,827 (-51.8%), from €17,029 to €8,202
- Profit (loss) carried forward -€5,018
new in 2026: -€5,018
- Current portion of long-term debt -€3,838
down €3,838 (-28.0%), from €13,710 to €9,872
- Gross operating margin -€9,522
down €9,522 (-36.8%), from €25,864 to €16,343
- Financial income -€2,075
down €2,075 (-96.5%), from €2,151 to €76
- Taxes -€1,720
down €1,720 (-99.3%), from €1,733 to €13
- Financial charges -€1,087
down €1,087 (-53.2%), from €2,042 to €956
- Other operating charges -€340
down €340 (-11.9%), from €2,854 to €2,514
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,001 | €179,769 | -€21,233 | -10.6% |
| Fixed assets | 21/28 | €194,507 | €176,553 | -€17,954 | -9.2% |
| Tangible fixed assets | 22/27 | €194,257 | €176,303 | -€17,954 | -9.2% |
| Land and buildings | 22 | €194,222 | €176,303 | -€17,919 | -9.2% |
| Plant, machinery and equipment | 23 | €34 | - | -€34 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €6,495 | €3,216 | -€3,279 | -50.5% |
| Amounts receivable within one year | 40/41 | €5,355 | €1,250 | -€4,105 | -76.7% |
| Other amounts receivable | 41 | €5,355 | €1,250 | -€4,105 | -76.7% |
| Cash at bank and in hand | 54/58 | - | €102 | +€102 | |
| Deferred charges and accrued income | 490/1 | €1,140 | €1,864 | +€724 | +63.5% |
| Total equity and liabilities | 10/49 | €201,001 | €179,769 | -€21,233 | -10.6% |
| Equity | 10/15 | €62,500 | €57,482 | -€5,018 | -8.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,100 | €50,100 | = | 0.0% |
| Distributable reserves | 133 | €50,100 | €50,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,018 | -€5,018 | |
| Amounts payable | 17/49 | €138,502 | €122,286 | -€16,215 | -11.7% |
| Amounts payable after more than one year | 17 | €17,029 | €8,202 | -€8,827 | -51.8% |
| Financial debts | 170/4 | €17,029 | €8,202 | -€8,827 | -51.8% |
| Amounts payable within one year | 42/48 | €120,719 | €113,331 | -€7,388 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €13,710 | €9,872 | -€3,838 | -28.0% |
| Financial debts | 43 | €1,685 | - | -€1,685 | |
| Other loans | 439 | €1,685 | - | -€1,685 | |
| Trade debts | 44 | €1,471 | €2,167 | +€696 | +47.3% |
| Suppliers | 440/4 | €1,471 | €2,167 | +€696 | +47.3% |
| Taxes, remuneration and social security | 45 | €1,783 | - | -€1,783 | |
| Taxes | 450/3 | €1,783 | - | -€1,783 | |
| Other amounts payable | 47/48 | €102,069 | €101,292 | -€778 | -0.8% |
| Accrued charges and deferred income | 492/3 | €753 | €753 | -€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,110 | €17,954 | -€157 | -0.9% |
| Other operating charges | 640/8 | €2,854 | €2,514 | -€340 | -11.9% |
| Gross operating margin | 9900 | €25,864 | €16,343 | -€9,522 | -36.8% |
| Operating profit (loss) | 9901 | €4,900 | -€4,125 | -€9,025 | |
| Financial income | 75/76B | €2,151 | €76 | -€2,075 | -96.5% |
| Recurring financial income | 75 | €2,151 | €76 | -€2,075 | -96.5% |
| Financial charges | 65/66B | €2,042 | €956 | -€1,087 | -53.2% |
| Recurring financial charges | 65 | €2,042 | €956 | -€1,087 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €5,008 | -€5,005 | -€10,013 | |
| Income taxes | 67/77 | €1,733 | €13 | -€1,720 | -99.3% |
| Profit (loss) for the period | 9904 | €3,275 | -€5,018 | -€8,293 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,275 | -€5,018 | -€8,293 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.