MEDICARDICE: 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.
MEDICARDICE
Largest movements
- Tangible fixed assets -€29,785
down €29,785 (-21.4%), from €139,017 to €109,232
of which Furniture and vehicles: -€26,078
- Cash +€26,456
up €26,456 (+37.7%), from €70,136 to €96,592
mainly Net result for the year (+€55,648) and Depreciation (+€34,750)
- Deferred charges and accrued income +€21,335
up €21,335 (+33.4%), from €63,807 to €85,142
- Reserves +€44,648
up €44,648 (+23.1%), from €193,159 to €237,807
- Debts after one year -€18,494
down €18,494 (-29.4%), from €62,800 to €44,306
- Trade debts -€3,901
down €3,901 (-97.5%), from €4,000 to €99
- Other debts -€3,739
down €3,739 (-18.7%), from €19,961 to €16,222
- Depreciation +€7,079
up €7,079 (+25.6%), from €27,671 to €34,750
- Other operating charges -€5,506
down €5,506 (-75.4%), from €7,299 to €1,793
- Gross operating margin -€1,815
down €1,815 (-1.5%), from €121,464 to €119,649
- Taxes +€1,680
up €1,680 (+7.4%), from €22,653 to €24,333
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 | €302,960 | €323,875 | +€20,915 | +6.9% |
| Fixed assets | 21/28 | €139,017 | €109,232 | -€29,785 | -21.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €139,017 | €109,232 | -€29,785 | -21.4% |
| Plant, machinery and equipment | 23 | €27,917 | €24,210 | -€3,707 | -13.3% |
| Furniture and vehicles | 24 | €111,100 | €85,022 | -€26,078 | -23.5% |
| Current assets | 29/58 | €163,943 | €214,644 | +€50,700 | +30.9% |
| Amounts receivable within one year | 40/41 | €30,000 | €32,909 | +€2,909 | +9.7% |
| Trade receivables | 40 | - | €2,909 | +€2,909 | |
| Other amounts receivable | 41 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €70,136 | €96,592 | +€26,456 | +37.7% |
| Deferred charges and accrued income | 490/1 | €63,807 | €85,142 | +€21,335 | +33.4% |
| Total equity and liabilities | 10/49 | €302,960 | €323,875 | +€20,915 | +6.9% |
| Equity | 10/15 | €193,159 | €237,807 | +€44,648 | +23.1% |
| Reserves | 13 | €193,159 | €237,807 | +€44,648 | +23.1% |
| Distributable reserves | 133 | €193,159 | €237,807 | +€44,648 | +23.1% |
| Amounts payable | 17/49 | €109,801 | €86,068 | -€23,733 | -21.6% |
| Amounts payable after more than one year | 17 | €62,800 | €44,306 | -€18,494 | -29.4% |
| Financial debts | 170/4 | €62,800 | €44,306 | -€18,494 | -29.4% |
| Amounts payable within one year | 42/48 | €46,957 | €41,710 | -€5,247 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €17,796 | €18,494 | +€698 | +3.9% |
| Trade debts | 44 | €4,000 | €99 | -€3,901 | -97.5% |
| Suppliers | 440/4 | €4,000 | €99 | -€3,901 | -97.5% |
| Taxes, remuneration and social security | 45 | €5,200 | €6,895 | +€1,695 | +32.6% |
| Taxes | 450/3 | €5,200 | €6,895 | +€1,695 | +32.6% |
| Other amounts payable | 47/48 | €19,961 | €16,222 | -€3,739 | -18.7% |
| Accrued charges and deferred income | 492/3 | €45 | €52 | +€8 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,671 | €34,750 | +€7,079 | +25.6% |
| Other operating charges | 640/8 | €7,299 | €1,793 | -€5,506 | -75.4% |
| Gross operating margin | 9900 | €121,464 | €119,649 | -€1,815 | -1.5% |
| Operating profit (loss) | 9901 | €86,494 | €83,106 | -€3,388 | -3.9% |
| Financial income | 75/76B | €18 | €10 | -€8 | -45.5% |
| Recurring financial income | 75 | €18 | €10 | -€8 | -45.5% |
| Financial charges | 65/66B | €3,067 | €3,134 | +€67 | +2.2% |
| Recurring financial charges | 65 | €3,067 | €3,134 | +€67 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €83,444 | €79,981 | -€3,463 | -4.2% |
| Income taxes | 67/77 | €22,653 | €24,333 | +€1,680 | +7.4% |
| Profit (loss) for the period | 9904 | €60,791 | €55,648 | -€5,143 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €60,791 | €55,648 | -€5,143 | -8.5% |
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 19 October 2026 via checked.be.