MEDICEA: 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.
MEDICEA
Largest movements
- Receivables after one year +€42,300
up €42,300 (+331.8%), from €12,750 to €55,050
- Cash +€22,248
up €22,248 (+16.6%), from €133,784 to €156,032
mainly Net result for the year (+€92,975) and Tax, wage and social debts (+€2,578)
- Deferred charges and accrued income +€16,198
up €16,198 (+112.3%), from €14,418 to €30,616
- Receivables within one year +€10,041
up €10,041 (+446.9%), from €2,247 to €12,288
- Profit (loss) carried forward +€92,975
up €92,975 (+59.4%), from €156,399 to €249,374
- Other debts -€3,934
down €3,934 (-80.7%), from €4,873 to €940
- Tax, wage and social debts +€2,578
up €2,578 (+104.2%), from €2,475 to €5,053
- Gross operating margin +€53,594
up €53,594 (+50.5%), from €106,092 to €159,687
- Staff costs +€21,353
up €21,353 (+122.0%), from €17,503 to €38,856
- Taxes +€7,206
up €7,206 (+40.6%), from €17,753 to €24,959
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 | €166,341 | €257,744 | +€91,403 | +54.9% |
| Fixed assets | 21/28 | €3,141 | €3,758 | +€616 | +19.6% |
| Tangible fixed assets | 22/27 | €2,824 | €3,441 | +€616 | +21.8% |
| Plant, machinery and equipment | 23 | - | €1,603 | +€1,603 | |
| Furniture and vehicles | 24 | €2,824 | €1,838 | -€987 | -34.9% |
| Financial fixed assets | 28 | €317 | €317 | = | 0.0% |
| Current assets | 29/58 | €163,199 | €253,986 | +€90,787 | +55.6% |
| Amounts receivable after more than one year | 29 | €12,750 | €55,050 | +€42,300 | +331.8% |
| Other amounts receivable | 291 | €12,750 | €55,050 | +€42,300 | +331.8% |
| Amounts receivable within one year | 40/41 | €2,247 | €12,288 | +€10,041 | +446.9% |
| Other amounts receivable | 41 | €2,247 | €12,288 | +€10,041 | +446.9% |
| Cash at bank and in hand | 54/58 | €133,784 | €156,032 | +€22,248 | +16.6% |
| Deferred charges and accrued income | 490/1 | €14,418 | €30,616 | +€16,198 | +112.3% |
| Total equity and liabilities | 10/49 | €166,341 | €257,744 | +€91,403 | +54.9% |
| Equity | 10/15 | €156,899 | €249,874 | +€92,975 | +59.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,399 | €249,374 | +€92,975 | +59.4% |
| Amounts payable | 17/49 | €9,441 | €7,870 | -€1,572 | -16.6% |
| Amounts payable within one year | 42/48 | €9,441 | €7,870 | -€1,572 | -16.6% |
| Trade debts | 44 | €2,093 | €1,877 | -€216 | -10.3% |
| Suppliers | 440/4 | €2,093 | €1,877 | -€216 | -10.3% |
| Taxes, remuneration and social security | 45 | €2,475 | €5,053 | +€2,578 | +104.2% |
| Remuneration and social security | 454/9 | €2,475 | €5,053 | +€2,578 | +104.2% |
| Other amounts payable | 47/48 | €4,873 | €940 | -€3,934 | -80.7% |
| Remuneration, social security and pensions | 62 | €17,503 | €38,856 | +€21,353 | +122.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €840 | €2,074 | +€1,234 | +146.8% |
| Other operating charges | 640/8 | €132 | €84 | -€48 | -36.4% |
| Non-recurring operating charges | 66A | €737 | - | -€737 | |
| Gross operating margin | 9900 | €106,092 | €159,687 | +€53,594 | +50.5% |
| Operating profit (loss) | 9901 | €86,880 | €118,673 | +€31,793 | +36.6% |
| Financial income | 75/76B | €750 | - | -€750 | |
| Recurring financial income | 75 | €750 | - | -€750 | |
| Financial charges | 65/66B | €780 | €739 | -€41 | -5.2% |
| Recurring financial charges | 65 | €780 | €739 | -€41 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €86,850 | €117,934 | +€31,084 | +35.8% |
| Income taxes | 67/77 | €17,753 | €24,959 | +€7,206 | +40.6% |
| Profit (loss) for the period | 9904 | €69,097 | €92,975 | +€23,878 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €69,097 | €92,975 | +€23,878 | +34.6% |
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 5 October 2026 via checked.be.