Medicasy: 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.
Medicasy
Largest movements
- Current investments +€76,676
up €76,676 (+36.9%), from €207,609 to €284,285
- Receivables after one year -€30,000
down €30,000 (-60.0%), from €50,000 to €20,000
- Cash -€17,153
down €17,153 (-55.6%), from €30,861 to €13,707
mainly Current investments (-€76,676) and Contributions, distributions and other (-€22,962)
- Reserves +€37,278
up €37,278 (+16.0%), from €232,869 to €270,148
of which Distributable reserves: +€37,278
- Tax, wage and social debts -€5,095
down €5,095 (-18.4%), from €27,664 to €22,569
- Taxes +€4,382
up €4,382 (+19.7%), from €22,187 to €26,569
- Financial income -€2,153
down €2,153 (-31.7%), from €6,784 to €4,631
- Gross operating margin -€1,550
down €1,550 (-1.8%), from €84,595 to €83,045
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 | €300,293 | €331,132 | +€30,839 | +10.3% |
| Fixed assets | 21/28 | €1,032 | €687 | -€345 | -33.4% |
| Tangible fixed assets | 22/27 | €1,032 | €687 | -€345 | -33.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,032 | €687 | -€345 | -33.4% |
| Current assets | 29/58 | €299,261 | €330,445 | +€31,184 | +10.4% |
| Amounts receivable after more than one year | 29 | €50,000 | €20,000 | -€30,000 | -60.0% |
| Other amounts receivable | 291 | €50,000 | €20,000 | -€30,000 | -60.0% |
| Current investments | 50/53 | €207,609 | €284,285 | +€76,676 | +36.9% |
| Cash at bank and in hand | 54/58 | €30,861 | €13,707 | -€17,153 | -55.6% |
| Deferred charges and accrued income | 490/1 | €10,792 | €12,453 | +€1,661 | +15.4% |
| Total equity and liabilities | 10/49 | €300,293 | €331,132 | +€30,839 | +10.3% |
| Equity | 10/15 | €266,383 | €303,661 | +€37,278 | +14.0% |
| Contributions | 10/11 | €18,300 | €18,300 | = | 0.0% |
| Reserves | 13 | €232,869 | €270,148 | +€37,278 | +16.0% |
| Non-distributable reserves | 130/1 | €2,263 | €2,263 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,263 | €2,263 | = | 0.0% |
| Distributable reserves | 133 | €230,607 | €267,885 | +€37,278 | +16.2% |
| Profit (loss) carried forward | 14 | €15,213 | €15,213 | = | 0.0% |
| Amounts payable | 17/49 | €33,910 | €27,471 | -€6,439 | -19.0% |
| Amounts payable within one year | 42/48 | €33,910 | €27,471 | -€6,439 | -19.0% |
| Trade debts | 44 | €636 | €161 | -€475 | -74.7% |
| Suppliers | 440/4 | €636 | €161 | -€475 | -74.7% |
| Taxes, remuneration and social security | 45 | €27,664 | €22,569 | -€5,095 | -18.4% |
| Taxes | 450/3 | €27,664 | €22,569 | -€5,095 | -18.4% |
| Other amounts payable | 47/48 | €5,611 | €4,741 | -€870 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230 | €345 | +€114 | +49.6% |
| Other operating charges | 640/8 | €331 | €339 | +€8 | +2.3% |
| Gross operating margin | 9900 | €84,595 | €83,045 | -€1,550 | -1.8% |
| Operating profit (loss) | 9901 | €84,034 | €82,362 | -€1,672 | -2.0% |
| Financial income | 75/76B | €6,784 | €4,631 | -€2,153 | -31.7% |
| Recurring financial income | 75 | €6,784 | €4,631 | -€2,153 | -31.7% |
| Financial charges | 65/66B | €141 | €184 | +€43 | +30.3% |
| Recurring financial charges | 65 | €141 | €184 | +€43 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | €90,676 | €86,809 | -€3,868 | -4.3% |
| Income taxes | 67/77 | €22,187 | €26,569 | +€4,382 | +19.7% |
| Profit (loss) for the period | 9904 | €68,489 | €60,240 | -€8,249 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,489 | €60,240 | -€8,249 | -12.0% |
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 17 October 2026 via checked.be.