MEDICHIN: 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.
MEDICHIN
Largest movements
- Receivables within one year -€370,784
down €370,784 (-61.1%), from €607,042 to €236,258
of which Trade receivables: -€417,828
- Stocks and contracts -€238,084
down €238,084 (-12.2%), from €1.9m to €1.7m
- Cash +€205,356
up €205,356 (+21.2%), from €970,040 to €1.2m
mainly Net result for the year (+€1.0m) and Receivables within one year (+€370,784)
- Tangible fixed assets -€67,750
down €67,750 (-18.6%), from €363,775 to €296,024
of which Other tangible fixed assets: -€71,463
- Deferred charges and accrued income +€53,742
up €53,742 (+247%), from €21,785 to €75,527
- Other debts -€261,064
down €261,064 (-17.8%), from €1.5m to €1.2m
- Reserves -€122,229
down €122,229 (-5.5%), from €2.2m to €2.1m
of which Distributable reserves: -€122,229
- Gross operating margin -€347,571
down €347,571 (-17.0%), from €2.0m to €1.7m
- Depreciation -€55,622
down €55,622 (-22.6%), from €246,361 to €190,740
- Taxes -€32,572
down €32,572 (-59.1%), from €55,104 to €22,531
- Financial income +€22,429
up €22,429 (+110%), from €20,375 to €42,804
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 | €3,907,375 | €3,509,470 | -€397,905 | -10.2% |
| Fixed assets | 21/28 | €363,775 | €315,640 | -€48,135 | -13.2% |
| Intangible fixed assets | 21 | - | €19,615 | +€19,615 | |
| Tangible fixed assets | 22/27 | €363,775 | €296,024 | -€67,750 | -18.6% |
| Plant, machinery and equipment | 23 | €65,234 | €75,439 | +€10,205 | +15.6% |
| Furniture and vehicles | 24 | €75,899 | €69,406 | -€6,492 | -8.6% |
| Other tangible fixed assets | 26 | €222,642 | €151,179 | -€71,463 | -32.1% |
| Current assets | 29/58 | €3,543,601 | €3,193,831 | -€349,770 | -9.9% |
| Stocks and contracts in progress | 3 | €1,944,733 | €1,706,649 | -€238,084 | -12.2% |
| Stocks | 30/36 | €1,944,733 | €1,706,649 | -€238,084 | -12.2% |
| Amounts receivable within one year | 40/41 | €607,042 | €236,258 | -€370,784 | -61.1% |
| Trade receivables | 40 | €605,453 | €187,625 | -€417,828 | -69.0% |
| Other amounts receivable | 41 | €1,589 | €48,633 | +€47,045 | +2,961% |
| Cash at bank and in hand | 54/58 | €970,040 | €1,175,396 | +€205,356 | +21.2% |
| Deferred charges and accrued income | 490/1 | €21,785 | €75,527 | +€53,742 | +247% |
| Total equity and liabilities | 10/49 | €3,907,375 | €3,509,470 | -€397,905 | -10.2% |
| Equity | 10/15 | €2,284,408 | €2,162,179 | -€122,229 | -5.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,222,408 | €2,100,179 | -€122,229 | -5.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €2,159,958 | €2,037,729 | -€122,229 | -5.7% |
| Amounts payable | 17/49 | €1,622,967 | €1,347,291 | -€275,676 | -17.0% |
| Amounts payable within one year | 42/48 | €1,622,689 | €1,347,123 | -€275,566 | -17.0% |
| Trade debts | 44 | €85,864 | €86,219 | +€356 | +0.4% |
| Suppliers | 440/4 | €85,864 | €86,219 | +€356 | +0.4% |
| Taxes, remuneration and social security | 45 | €73,135 | €58,278 | -€14,857 | -20.3% |
| Taxes | 450/3 | €16,492 | €17,127 | +€635 | +3.9% |
| Remuneration and social security | 454/9 | €56,643 | €41,151 | -€15,492 | -27.4% |
| Other amounts payable | 47/48 | €1,463,690 | €1,202,626 | -€261,064 | -17.8% |
| Accrued charges and deferred income | 492/3 | €278 | €168 | -€110 | -39.6% |
| Non-recurring operating income | 76A | - | €54,047 | +€54,047 | |
| Remuneration, social security and pensions | 62 | €437,036 | €456,156 | +€19,120 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246,361 | €190,740 | -€55,622 | -22.6% |
| Other operating charges | 640/8 | €4,612 | €5,025 | +€413 | +9.0% |
| Gross operating margin | 9900 | €2,039,613 | €1,692,043 | -€347,571 | -17.0% |
| Operating profit (loss) | 9901 | €1,351,605 | €1,040,123 | -€311,482 | -23.0% |
| Financial income | 75/76B | €20,375 | €42,804 | +€22,429 | +110% |
| Recurring financial income | 75 | €20,375 | €42,804 | +€22,429 | +110% |
| Financial charges | 65/66B | €40,340 | €31,091 | -€9,249 | -22.9% |
| Recurring financial charges | 65 | €40,340 | €31,091 | -€9,249 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €1,331,639 | €1,051,836 | -€279,804 | -21.0% |
| Income taxes | 67/77 | €55,104 | €22,531 | -€32,572 | -59.1% |
| Profit (loss) for the period | 9904 | €1,276,536 | €1,029,304 | -€247,231 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,276,536 | €1,029,304 | -€247,231 | -19.4% |
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 20 October 2026 via checked.be.