MEDICATH: 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.
MEDICATH
Largest movements
- Cash +€60,829
up €60,829 (+19.6%), from €310,592 to €371,421
mainly Net result for the year (+€88,402) and Other debts (+€14,306)
- Tangible fixed assets +€25,780
up €25,780 (+376.8%), from €6,842 to €32,622
- Reserves +€88,400
up €88,400 (+22.8%), from €388,217 to €476,617
- Tax, wage and social debts -€14,765
down €14,765 (-85.8%), from €17,206 to €2,441
- Other debts +€14,306
up €14,306 (+31.4%), from €45,580 to €59,886
- Gross operating margin +€14,840
up €14,840 (+12.3%), from €121,078 to €135,918
- Depreciation +€5,143
up €5,143 (+63.2%), from €8,142 to €13,285
- Taxes +€2,659
up €2,659 (+8.4%), from €31,608 to €34,267
- Financial income +€2,039
up €2,039 (+66.0%), from €3,089 to €5,127
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 | €597,538 | €685,854 | +€88,316 | +14.8% |
| Fixed assets | 21/28 | €6,867 | €32,647 | +€25,780 | +375.4% |
| Tangible fixed assets | 22/27 | €6,842 | €32,622 | +€25,780 | +376.8% |
| Furniture and vehicles | 24 | €6,842 | €32,622 | +€25,780 | +376.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €590,671 | €653,207 | +€62,536 | +10.6% |
| Amounts receivable within one year | 40/41 | €1,500 | - | -€1,500 | |
| Trade receivables | 40 | €1,500 | - | -€1,500 | |
| Current investments | 50/53 | €277,196 | €280,196 | +€3,000 | +1.1% |
| Cash at bank and in hand | 54/58 | €310,592 | €371,421 | +€60,829 | +19.6% |
| Deferred charges and accrued income | 490/1 | €1,383 | €1,590 | +€207 | +15.0% |
| Total equity and liabilities | 10/49 | €597,538 | €685,854 | +€88,316 | +14.8% |
| Equity | 10/15 | €533,935 | €622,337 | +€88,402 | +16.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €388,217 | €476,617 | +€88,400 | +22.8% |
| Non-distributable reserves | 130/1 | €388,217 | €476,617 | +€88,400 | +22.8% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €386,357 | €474,757 | +€88,400 | +22.9% |
| Profit (loss) carried forward | 14 | €133,318 | €133,320 | +€2 | 0.0% |
| Amounts payable | 17/49 | €63,603 | €63,517 | -€86 | -0.1% |
| Amounts payable within one year | 42/48 | €63,603 | €63,517 | -€86 | -0.1% |
| Trade debts | 44 | €817 | €1,190 | +€373 | +45.7% |
| Suppliers | 440/4 | €817 | €1,190 | +€373 | +45.7% |
| Taxes, remuneration and social security | 45 | €17,206 | €2,441 | -€14,765 | -85.8% |
| Taxes | 450/3 | €17,206 | €2,441 | -€14,765 | -85.8% |
| Other amounts payable | 47/48 | €45,580 | €59,886 | +€14,306 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,142 | €13,285 | +€5,143 | +63.2% |
| Other operating charges | 640/8 | €690 | €590 | -€100 | -14.5% |
| Gross operating margin | 9900 | €121,078 | €135,918 | +€14,840 | +12.3% |
| Operating profit (loss) | 9901 | €112,246 | €122,043 | +€9,797 | +8.7% |
| Financial income | 75/76B | €3,089 | €5,127 | +€2,039 | +66.0% |
| Recurring financial income | 75 | €3,089 | €5,127 | +€2,039 | +66.0% |
| Financial charges | 65/66B | €3,772 | €4,501 | +€729 | +19.3% |
| Recurring financial charges | 65 | €3,772 | €4,501 | +€729 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €111,563 | €122,669 | +€11,106 | +10.0% |
| Income taxes | 67/77 | €31,608 | €34,267 | +€2,659 | +8.4% |
| Profit (loss) for the period | 9904 | €79,955 | €88,402 | +€8,447 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €79,955 | €88,402 | +€8,447 | +10.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.