MEDICHIR: 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.
MEDICHIR
Largest movements
- Current investments +€283,033
up €283,033 (+192%), from €147,388 to €430,421
- Tangible fixed assets -€159,145
down €159,145 (-87.1%), from €182,808 to €23,663
of which Land and buildings: -€132,376
- Cash +€34,002
up €34,002 (+17.4%), from €195,441 to €229,443
mainly Investment in fixed assets (net) (+€146,886) and Net result for the year (+€126,924)
- Receivables within one year -€25,000
down €25,000 (-90.8%), from €27,544 to €2,544
- Reserves +€126,924
up €126,924 (+23.6%), from €537,446 to €664,371
- Gross operating margin +€78,058
up €78,058 (+68.4%), from €114,138 to €192,196
- Taxes +€28,449
up €28,449 (+117%), from €24,215 to €52,664
- Depreciation -€12,064
down €12,064 (-49.6%), from €24,323 to €12,259
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 | €559,142 | €688,476 | +€129,334 | +23.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €182,808 | €23,663 | -€159,145 | -87.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €182,808 | €23,663 | -€159,145 | -87.1% |
| Land and buildings | 22 | €132,376 | - | -€132,376 | |
| Plant, machinery and equipment | 23 | €21,032 | €0 | -€21,032 | -100% |
| Furniture and vehicles | 24 | €29,400 | €23,663 | -€5,737 | -19.5% |
| Current assets | 29/58 | €376,334 | €664,813 | +€288,479 | +76.7% |
| Amounts receivable within one year | 40/41 | €27,544 | €2,544 | -€25,000 | -90.8% |
| Other amounts receivable | 41 | €27,544 | €2,544 | -€25,000 | -90.8% |
| Current investments | 50/53 | €147,388 | €430,421 | +€283,033 | +192% |
| Cash at bank and in hand | 54/58 | €195,441 | €229,443 | +€34,002 | +17.4% |
| Deferred charges and accrued income | 490/1 | €5,960 | €2,404 | -€3,555 | -59.7% |
| Total equity and liabilities | 10/49 | €559,142 | €688,476 | +€129,334 | +23.1% |
| Equity | 10/15 | €550,132 | €677,056 | +€126,924 | +23.1% |
| Contributions | 10/11 | €12,405 | €12,405 | = | 0.0% |
| Reserves | 13 | €537,446 | €664,371 | +€126,924 | +23.6% |
| Distributable reserves | 133 | €537,446 | €664,371 | +€126,924 | +23.6% |
| Profit (loss) carried forward | 14 | €280 | €280 | = | 0.0% |
| Amounts payable | 17/49 | €9,010 | €11,420 | +€2,410 | +26.7% |
| Amounts payable within one year | 42/48 | €7,455 | €11,420 | +€3,965 | +53.2% |
| Taxes, remuneration and social security | 45 | €6,413 | €8,730 | +€2,317 | +36.1% |
| Taxes | 450/3 | - | €2,257 | +€2,257 | |
| Remuneration and social security | 454/9 | €6,413 | €6,473 | +€61 | +0.9% |
| Other amounts payable | 47/48 | €1,042 | €2,690 | +€1,648 | +158% |
| Accrued charges and deferred income | 492/3 | €1,555 | - | -€1,555 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,323 | €12,259 | -€12,064 | -49.6% |
| Other operating charges | 640/8 | €2,364 | €1,048 | -€1,316 | -55.7% |
| Gross operating margin | 9900 | €114,138 | €192,196 | +€78,058 | +68.4% |
| Operating profit (loss) | 9901 | €87,451 | €178,889 | +€91,439 | +105% |
| Financial income | 75/76B | €494 | €1,440 | +€946 | +192% |
| Recurring financial income | 75 | €494 | €1,440 | +€946 | +192% |
| Financial charges | 65/66B | €205 | €741 | +€536 | +261% |
| Recurring financial charges | 65 | €205 | €741 | +€536 | +261% |
| Profit (loss) for the period before taxes | 9903 | €87,739 | €179,588 | +€91,849 | +105% |
| Income taxes | 67/77 | €24,215 | €52,664 | +€28,449 | +117% |
| Profit (loss) for the period | 9904 | €63,524 | €126,924 | +€63,400 | +99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,524 | €126,924 | +€63,400 | +99.8% |
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 18 October 2026 via checked.be.