MEDICINE PLUS: 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.
MEDICINE PLUS
Largest movements
- Tangible fixed assets -€52,339
down €52,339 (-5.1%), from €1.0m to €966,219
of which Land and buildings: -€47,273
- Receivables within one year -€39,498
down €39,498 (-49.9%), from €79,155 to €39,657
of which Trade receivables: -€39,325
- Debts after one year -€129,809
down €129,809 (-7.3%), from €1.8m to €1.7m
of which Financial debts: -€132,833
- Reserves +€64,050
up €64,050 (+22.0%), from €291,676 to €355,726
of which Distributable reserves: +€64,050
- Tax, wage and social debts -€27,399
down €27,399 (-62.7%), from €43,680 to €16,281
of which Taxes: -€27,417
- Gross operating margin +€5,742
up €5,742 (+3.4%), from €170,583 to €176,325
- Financial charges -€2,849
down €2,849 (-6.8%), from €41,834 to €38,985
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 | €2,294,749 | €2,203,260 | -€91,489 | -4.0% |
| Fixed assets | 21/28 | €2,210,622 | €2,158,283 | -€52,339 | -2.4% |
| Tangible fixed assets | 22/27 | €1,018,558 | €966,219 | -€52,339 | -5.1% |
| Land and buildings | 22 | €979,604 | €932,332 | -€47,273 | -4.8% |
| Plant, machinery and equipment | 23 | €38,429 | €33,429 | -€5,000 | -13.0% |
| Furniture and vehicles | 24 | €524 | €458 | -€67 | -12.7% |
| Financial fixed assets | 28 | €1,192,064 | €1,192,064 | = | 0.0% |
| Current assets | 29/58 | €84,127 | €44,977 | -€39,150 | -46.5% |
| Amounts receivable within one year | 40/41 | €79,155 | €39,657 | -€39,498 | -49.9% |
| Trade receivables | 40 | €78,650 | €39,325 | -€39,325 | -50.0% |
| Other amounts receivable | 41 | €505 | €332 | -€173 | -34.3% |
| Cash at bank and in hand | 54/58 | €4,577 | €4,910 | +€333 | +7.3% |
| Deferred charges and accrued income | 490/1 | €395 | €411 | +€16 | +3.9% |
| Total equity and liabilities | 10/49 | €2,294,749 | €2,203,260 | -€91,489 | -4.0% |
| Equity | 10/15 | €310,276 | €374,326 | +€64,050 | +20.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €291,676 | €355,726 | +€64,050 | +22.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €291,676 | €355,726 | +€64,050 | +22.0% |
| Amounts payable | 17/49 | €1,984,473 | €1,828,934 | -€155,539 | -7.8% |
| Amounts payable after more than one year | 17 | €1,788,984 | €1,659,175 | -€129,809 | -7.3% |
| Financial debts | 170/4 | €1,247,646 | €1,114,813 | -€132,833 | -10.6% |
| Other amounts payable | 178/9 | €541,338 | €544,362 | +€3,024 | +0.6% |
| Amounts payable within one year | 42/48 | €195,489 | €169,759 | -€25,730 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €132,833 | €132,833 | = | 0.0% |
| Financial debts | 43 | €1,691 | €0 | -€1,691 | -100% |
| Credit institutions | 430/8 | €1,691 | €0 | -€1,691 | -100% |
| Trade debts | 44 | €1,923 | €2,154 | +€231 | +12.0% |
| Suppliers | 440/4 | €1,923 | €2,154 | +€231 | +12.0% |
| Taxes, remuneration and social security | 45 | €43,680 | €16,281 | -€27,399 | -62.7% |
| Taxes | 450/3 | €40,450 | €13,033 | -€27,417 | -67.8% |
| Remuneration and social security | 454/9 | €3,230 | €3,248 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €15,362 | €18,490 | +€3,129 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,339 | €52,339 | = | 0.0% |
| Other operating charges | 640/8 | €4,103 | €4,367 | +€264 | +6.4% |
| Gross operating margin | 9900 | €170,583 | €176,325 | +€5,742 | +3.4% |
| Operating profit (loss) | 9901 | €114,140 | €119,618 | +€5,478 | +4.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €41,834 | €38,985 | -€2,849 | -6.8% |
| Recurring financial charges | 65 | €41,834 | €38,985 | -€2,849 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €72,306 | €80,633 | +€8,326 | +11.5% |
| Income taxes | 67/77 | €14,910 | €16,583 | +€1,673 | +11.2% |
| Profit (loss) for the period | 9904 | €57,396 | €64,050 | +€6,653 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,396 | €64,050 | +€6,653 | +11.6% |
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 28 October 2026 via checked.be.