Medicar: 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.
Medicar
Largest movements
- Cash +€115,720
up €115,720 (+182.2%), from €63,511 to €179,230
mainly Net result for the year (+€162,992) and Trade debts (+€82,153)
- Tangible fixed assets -€60,034
down €60,034 (-58.3%), from €102,913 to €42,879
- Current investments +€30,000
new in 2025: €30,000
- Receivables after one year -€28,145
down €28,145 (-10.6%), from €264,303 to €236,158
- Receivables within one year +€27,084
up €27,084 (+40.4%), from €67,039 to €94,124
of which Trade receivables: +€32,259
- Reserves +€134,847
up €134,847 (+58.2%), from €231,678 to €366,525
- Trade debts +€82,153
up €82,153 (+351.2%), from €23,391 to €105,544
- Tax, wage and social debts -€64,411
down €64,411 (-88.4%), from €72,860 to €8,449
of which Remuneration and social security: -€58,124
- Current portion of long-term debt -€40,253
down €40,253 (-59.6%), from €67,562 to €27,309
- Short-term financial debts -€34,434
down €34,434 (-50.3%), from €68,504 to €34,070
- Staff costs -€707,345
down €707,345 (-94.6%), from €747,335 to €39,990
- Gross operating margin -€526,132
down €526,132 (-60.2%), from €874,158 to €348,026
- Taxes +€49,980
up €49,980 (+944.6%), from €5,291 to €55,272
- Other operating charges -€18,660
down €18,660 (-45.0%), from €41,464 to €22,804
- Depreciation -€9,588
down €9,588 (-13.8%), from €69,623 to €60,034
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.
Cash bridge derived
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 | €509,847 | €586,844 | +€76,998 | +15.1% |
| Fixed assets | 21/28 | €102,913 | €42,879 | -€60,034 | -58.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €102,913 | €42,879 | -€60,034 | -58.3% |
| Furniture and vehicles | 24 | €102,913 | €42,879 | -€60,034 | -58.3% |
| Current assets | 29/58 | €406,933 | €543,965 | +€137,032 | +33.7% |
| Amounts receivable after more than one year | 29 | €264,303 | €236,158 | -€28,145 | -10.6% |
| Other amounts receivable | 291 | €264,303 | €236,158 | -€28,145 | -10.6% |
| Amounts receivable within one year | 40/41 | €67,039 | €94,124 | +€27,084 | +40.4% |
| Trade receivables | 40 | €57,733 | €89,991 | +€32,259 | +55.9% |
| Other amounts receivable | 41 | €9,307 | €4,132 | -€5,174 | -55.6% |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €63,511 | €179,230 | +€115,720 | +182.2% |
| Deferred charges and accrued income | 490/1 | €12,081 | €4,453 | -€7,627 | -63.1% |
| Total equity and liabilities | 10/49 | €509,847 | €586,844 | +€76,998 | +15.1% |
| Equity | 10/15 | €237,230 | €372,078 | +€134,847 | +56.8% |
| Contributions | 10/11 | €5,552 | €5,552 | = | 0.0% |
| Reserves | 13 | €231,678 | €366,525 | +€134,847 | +58.2% |
| Distributable reserves | 133 | €231,678 | €366,525 | +€134,847 | +58.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €272,616 | €214,767 | -€57,849 | -21.2% |
| Amounts payable after more than one year | 17 | €37,250 | €9,941 | -€27,309 | -73.3% |
| Financial debts | 170/4 | €37,250 | €9,941 | -€27,309 | -73.3% |
| Amounts payable within one year | 42/48 | €232,317 | €204,826 | -€27,491 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €67,562 | €27,309 | -€40,253 | -59.6% |
| Financial debts | 43 | €68,504 | €34,070 | -€34,434 | -50.3% |
| Credit institutions | 430/8 | €68,504 | €34,070 | -€34,434 | -50.3% |
| Trade debts | 44 | €23,391 | €105,544 | +€82,153 | +351.2% |
| Suppliers | 440/4 | €23,391 | €105,544 | +€82,153 | +351.2% |
| Taxes, remuneration and social security | 45 | €72,860 | €8,449 | -€64,411 | -88.4% |
| Taxes | 450/3 | €14,510 | €8,223 | -€6,287 | -43.3% |
| Remuneration and social security | 454/9 | €58,350 | €226 | -€58,124 | -99.6% |
| Other amounts payable | 47/48 | €0 | €29,454 | +€29,454 | |
| Accrued charges and deferred income | 492/3 | €3,050 | €0 | -€3,050 | -100.0% |
| Non-recurring operating income | 76A | €2,170 | €0 | -€2,170 | -100.0% |
| Remuneration, social security and pensions | 62 | €747,335 | €39,990 | -€707,345 | -94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,623 | €60,034 | -€9,588 | -13.8% |
| Other operating charges | 640/8 | €41,464 | €22,804 | -€18,660 | -45.0% |
| Non-recurring operating charges | 66A | €2,346 | €0 | -€2,346 | -100.0% |
| Gross operating margin | 9900 | €874,158 | €348,026 | -€526,132 | -60.2% |
| Operating profit (loss) | 9901 | €13,391 | €225,197 | +€211,806 | +1581.7% |
| Financial income | 75/76B | €19,978 | €10,797 | -€9,181 | -46.0% |
| Recurring financial income | 75 | €19,978 | €10,797 | -€9,181 | -46.0% |
| Financial charges | 65/66B | €16,025 | €17,731 | +€1,705 | +10.6% |
| Recurring financial charges | 65 | €16,025 | €17,731 | +€1,705 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €17,343 | €218,263 | +€200,920 | +1158.5% |
| Income taxes | 67/77 | €5,291 | €55,272 | +€49,980 | +944.6% |
| Profit (loss) for the period | 9904 | €12,052 | €162,992 | +€150,940 | +1252.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,052 | €162,992 | +€150,940 | +1252.4% |
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 9 October 2026 via checked.be.