MEDICINIS: 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.
MEDICINIS
Largest movements
- Receivables within one year +€526,017
up €526,017 (+141.2%), from €372,496 to €898,513
of which Other amounts receivable: +€500,397
- Cash -€53,842
down €53,842 (-98.5%), from €54,661 to €820
mainly Receivables within one year (-€526,017) and Contributions, distributions and other (-€70,000)
- Receivables after one year -€25,400
down €25,400 (-6.5%), from €391,600 to €366,200
- Profit (loss) carried forward +€354,613
up €354,613 (+83.0%), from €427,282 to €781,894
- Tax, wage and social debts +€55,248
up €55,248 (+76.0%), from €72,729 to €127,977
- Debts after one year +€20,762
up €20,762 (+9.5%), from €218,270 to €239,032
- Gross operating margin +€97,901
up €97,901 (+21.2%), from €461,809 to €559,710
- Taxes +€21,036
up €21,036 (+21.1%), from €99,763 to €120,799
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 | €825,258 | €1,270,573 | +€445,314 | +54.0% |
| Fixed assets | 21/28 | €4,894 | €2,922 | -€1,972 | -40.3% |
| Tangible fixed assets | 22/27 | €4,894 | €2,922 | -€1,972 | -40.3% |
| Plant, machinery and equipment | 23 | €2,377 | €1,856 | -€521 | -21.9% |
| Furniture and vehicles | 24 | €2,516 | €1,066 | -€1,451 | -57.6% |
| Current assets | 29/58 | €820,364 | €1,267,650 | +€447,286 | +54.5% |
| Amounts receivable after more than one year | 29 | €391,600 | €366,200 | -€25,400 | -6.5% |
| Other amounts receivable | 291 | €391,600 | €366,200 | -€25,400 | -6.5% |
| Amounts receivable within one year | 40/41 | €372,496 | €898,513 | +€526,017 | +141.2% |
| Trade receivables | 40 | €41,885 | €67,504 | +€25,619 | +61.2% |
| Other amounts receivable | 41 | €330,612 | €831,009 | +€500,397 | +151.4% |
| Cash at bank and in hand | 54/58 | €54,661 | €820 | -€53,842 | -98.5% |
| Deferred charges and accrued income | 490/1 | €1,607 | €2,118 | +€511 | +31.8% |
| Total equity and liabilities | 10/49 | €825,258 | €1,270,573 | +€445,314 | +54.0% |
| Equity | 10/15 | €428,282 | €782,894 | +€354,613 | +82.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €427,282 | €781,894 | +€354,613 | +83.0% |
| Amounts payable | 17/49 | €396,976 | €487,678 | +€90,702 | +22.8% |
| Amounts payable after more than one year | 17 | €218,270 | €239,032 | +€20,762 | +9.5% |
| Financial debts | 170/4 | €218,270 | €239,032 | +€20,762 | +9.5% |
| Amounts payable within one year | 42/48 | €178,707 | €248,646 | +€69,940 | +39.1% |
| Current portion of amounts payable after more than one year | 42 | €38,091 | €48,659 | +€10,568 | +27.7% |
| Trade debts | 44 | €2,887 | €2,011 | -€876 | -30.4% |
| Suppliers | 440/4 | €2,887 | €2,011 | -€876 | -30.4% |
| Taxes, remuneration and social security | 45 | €72,729 | €127,977 | +€55,248 | +76.0% |
| Taxes | 450/3 | €72,729 | €127,977 | +€55,248 | +76.0% |
| Other amounts payable | 47/48 | €65,000 | €70,000 | +€5,000 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,548 | €1,972 | +€423 | +27.3% |
| Other operating charges | 640/8 | €265 | €815 | +€550 | +207.7% |
| Gross operating margin | 9900 | €461,809 | €559,710 | +€97,901 | +21.2% |
| Operating profit (loss) | 9901 | €459,995 | €556,924 | +€96,928 | +21.1% |
| Financial income | 75/76B | - | €69 | +€69 | |
| Recurring financial income | 75 | - | €69 | +€69 | |
| Financial charges | 65/66B | €13,142 | €11,581 | -€1,561 | -11.9% |
| Recurring financial charges | 65 | €13,142 | €11,581 | -€1,561 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €446,853 | €545,412 | +€98,558 | +22.1% |
| Income taxes | 67/77 | €99,763 | €120,799 | +€21,036 | +21.1% |
| Profit (loss) for the period | 9904 | €347,090 | €424,613 | +€77,523 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €347,090 | €424,613 | +€77,523 | +22.3% |
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 6 October 2026 via checked.be.