MEDICIM: 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.
What changed
MEDICIM
NACE 62.100, Computer programming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€5.3m
2024 · -€947,763-€4.3m
Equity
-€3.8m
2024 · €1.4m-€5.2m
Cash
€78
2024 · €78
Balance sheet total
€27.8m
2024 · €30.6m-€2.8m
Largest movements
Assets
- Financial fixed assets -€6.2m
no longer reported in 2025 (was €6.2m)
- Receivables within one year +€4.1m
up €4.1m (+34.5%), from €11.9m to €16.0m
of which Trade receivables: +€4.3m
- Intangible fixed assets -€832,140
down €832,140 (-6.9%), from €12.0m to €11.2m
Equity and liabilities
- Profit (loss) carried forward -€5.3m
down €5.3m, from €243,939 to -€5.0m
- Short-term financial debts +€2.6m
up €2.6m (+10.2%), from €25.2m to €27.8m
- Trade debts -€323,729
down €323,729 (-36.7%), from €881,265 to €557,535
Income statement
- Financial charges +€4.8m
up €4.8m (+206%), from €2.3m to €7.1m
of which Non-recurring financial charges: +€5.3m
- Turnover -€923,492
down €923,492 (-4.7%), from €19.6m to €18.6m
- Depreciation -€646,516
down €646,516 (-8.9%), from €7.3m to €6.6m
- Staff costs +€304,617
up €304,617 (+2.2%), from €13.8m to €14.1m
- Other operating income +€274,824
up €274,824 (+20.9%), from €1.3m to €1.6m
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.
Result 2024
-€947,763
Turnover
-€923,492
Other operating income
+€274,824
Services and other goods
-€90,695
Staff costs
-€304,617
Depreciation
+€646,516
Other operating charges
+€2,254
Other operating items
+€1.0m
Financial income
+€42,244
Financial charges
-€4.8m
Taxes
-€189,133
Result 2025
-€5.3m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€3.0m
Investment
+€407,111
Financing
+€2.6m
Cash 2024
€78
From operations (derived)
-€3.0m
Net result for the year
-€5.3m
Depreciation
+€6.6m
Receivables within one year
-€4.1m
Deferred charges and accrued income
-€148,901
Trade debts
-€323,729
Tax, wage and social debts
+€198,996
Accrued charges and deferred income
-€30,561
Investment (derived)
+€407,111
Investment in fixed assets (net)
+€407,111
Financing
+€2.6m
Short-term financial debts
+€2.6m
Contributions, distributions and other
+€36,000
Cash 2025
€78
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,631,349 | €27,831,459 | -€2.8m | -9.1% |
| Fixed assets | 21/28 | €18,440,570 | €11,385,844 | -€7.1m | -38.3% |
| Intangible fixed assets | 21 | €11,991,620 | €11,159,479 | -€832,140 | -6.9% |
| Tangible fixed assets | 22/27 | €234,282 | €226,365 | -€7,917 | -3.4% |
| Furniture and vehicles | 24 | €101,342 | €152,815 | +€51,473 | +50.8% |
| Other tangible fixed assets | 26 | €132,940 | €73,550 | -€59,391 | -44.7% |
| Financial fixed assets | 28 | €6,214,668 | - | -€6.2m | |
| Companies linked by participating interests | 282/3 | €6,214,668 | - | -€6.2m | |
| Participating interests | 282 | €6,214,668 | - | -€6.2m | |
| Current assets | 29/58 | €12,190,779 | €16,445,614 | +€4.3m | +34.9% |
| Amounts receivable within one year | 40/41 | €11,899,305 | €16,005,239 | +€4.1m | +34.5% |
| Trade receivables | 40 | €11,685,671 | €15,935,741 | +€4.3m | +36.4% |
| Other amounts receivable | 41 | €213,633 | €69,498 | -€144,135 | -67.5% |
| Cash at bank and in hand | 54/58 | €78 | €78 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €291,396 | €440,297 | +€148,901 | +51.1% |
| Total equity and liabilities | 10/49 | €30,631,349 | €27,831,459 | -€2.8m | -9.1% |
| Equity | 10/15 | €1,376,477 | -€3,838,320 | -€5.2m | |
| Contributions | 10/11 | €1,029,579 | €1,029,579 | = | 0.0% |
| Capital | 10 | €1,029,579 | €1,029,579 | = | 0.0% |
| Issued capital | 100 | €1,029,579 | €1,029,579 | = | 0.0% |
| Reserves | 13 | €102,958 | €102,958 | = | 0.0% |
| Non-distributable reserves | 130/1 | €102,958 | €102,958 | = | 0.0% |
| Legal reserve | 130 | €102,958 | €102,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | €243,939 | -€5,006,858 | -€5.3m | |
| Investment grants | 15 | - | €36,000 | +€36,000 | |
| Amounts payable | 17/49 | €29,254,872 | €31,669,779 | +€2.4m | +8.3% |
| Amounts payable within one year | 42/48 | €28,762,972 | €31,208,439 | +€2.4m | +8.5% |
| Financial debts | 43 | €25,222,993 | €27,793,193 | +€2.6m | +10.2% |
| Other loans | 439 | €25,222,993 | €27,793,193 | +€2.6m | +10.2% |
| Trade debts | 44 | €881,265 | €557,535 | -€323,729 | -36.7% |
| Suppliers | 440/4 | €881,265 | €557,535 | -€323,729 | -36.7% |
| Taxes, remuneration and social security | 45 | €2,658,715 | €2,857,711 | +€198,996 | +7.5% |
| Taxes | 450/3 | - | €180,018 | +€180,018 | |
| Remuneration and social security | 454/9 | €2,658,715 | €2,677,693 | +€18,978 | +0.7% |
| Accrued charges and deferred income | 492/3 | €491,900 | €461,339 | -€30,561 | -6.2% |
| Operating income | 70/76A | €25,454,976 | €25,902,209 | +€447,233 | +1.8% |
| Turnover | 70 | €19,553,286 | €18,629,794 | -€923,492 | -4.7% |
| Own construction capitalised | 72 | €4,584,527 | €5,680,428 | +€1.1m | +23.9% |
| Other operating income | 74 | €1,317,162 | €1,591,987 | +€274,824 | +20.9% |
| Operating charges | 60/66A | €24,076,329 | €23,884,088 | -€192,240 | -0.8% |
| Services and other goods | 61 | €2,950,109 | €3,040,804 | +€90,695 | +3.1% |
| Remuneration, social security and pensions | 62 | €13,829,288 | €14,133,905 | +€304,617 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,294,131 | €6,647,615 | -€646,516 | -8.9% |
| Other operating charges | 640/8 | €2,254 | - | -€2,254 | |
| Non-recurring operating charges | 66A | €547 | €61,764 | +€61,218 | +11,197% |
| Operating profit (loss) | 9901 | €1,378,647 | €2,018,120 | +€639,473 | +46.4% |
| Financial income | 75/76B | €310 | €42,554 | +€42,244 | +13,612% |
| Recurring financial income | 75 | €310 | €42,554 | +€42,244 | +13,612% |
| Other financial income | 752/9 | €310 | €42,554 | +€42,244 | +13,612% |
| Financial charges | 65/66B | €2,325,854 | €7,121,472 | +€4.8m | +206% |
| Recurring financial charges | 65 | €1,347,004 | €888,383 | -€458,621 | -34.0% |
| Debt charges | 650 | €1,318,452 | €860,218 | -€458,234 | -34.8% |
| Other financial charges | 652/9 | €28,552 | €28,165 | -€387 | -1.4% |
| Non-recurring financial charges | 66B | €978,850 | €6,233,088 | +€5.3m | +537% |
| Profit (loss) for the period before taxes | 9903 | -€946,897 | -€5,060,797 | -€4.1m | -434% |
| Income taxes | 67/77 | €867 | €190,000 | +€189,133 | +21,818% |
| Taxes | 670/3 | €867 | €190,000 | +€189,133 | +21,818% |
| Profit (loss) for the period | 9904 | -€947,763 | -€5,250,797 | -€4.3m | -454% |
| Profit (loss) for the period to be appropriated | 9905 | -€947,763 | -€5,250,797 | -€4.3m | -454% |
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 15 October 2026 via checked.be.