MEDICKERS: 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.
MEDICKERS
Largest movements
- Tangible fixed assets +€73,994
up €73,994 (+49.5%), from €149,560 to €223,555
of which Other tangible fixed assets: +€74,473
- Cash -€18,254
down €18,254 (-56.0%), from €32,609 to €14,355
mainly Investment in fixed assets (net) (-€114,788) and Contributions, distributions and other (-€47,469)
- Receivables within one year +€6,823
up €6,823, from €0 to €6,823
of which Other amounts receivable: +€6,823
- Deferred charges and accrued income +€6,579
up €6,579 (+760.6%), from €865 to €7,444
- Other debts +€47,469
new in 2025: €47,469
- Trade debts +€38,057
up €38,057 (+7648.6%), from €498 to €38,555
- Reserves -€15,700
down €15,700 (-6.6%), from €238,422 to €222,722
of which Distributable reserves: -€15,700
- Gross operating margin +€27,457
up €27,457 (+25.1%), from €109,405 to €136,862
- Financial charges +€16,827
up €16,827 (+44.8%), from €37,595 to €54,422
- Depreciation +€15,245
up €15,245 (+59.7%), from €25,549 to €40,794
- Other operating charges -€9,641
down €9,641 (-59.0%), from €16,340 to €6,700
- Taxes -€7,517
down €7,517 (-70.3%), from €10,694 to €3,177
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 | €273,034 | €342,177 | +€69,143 | +25.3% |
| Fixed assets | 21/28 | €149,560 | €223,555 | +€73,994 | +49.5% |
| Tangible fixed assets | 22/27 | €149,560 | €223,555 | +€73,994 | +49.5% |
| Land and buildings | 22 | €130,818 | €126,280 | -€4,538 | -3.5% |
| Plant, machinery and equipment | 23 | €4,122 | €3,072 | -€1,051 | -25.5% |
| Furniture and vehicles | 24 | €0 | €5,110 | +€5,110 | |
| Other tangible fixed assets | 26 | €14,620 | €89,093 | +€74,473 | +509.4% |
| Current assets | 29/58 | €123,474 | €118,622 | -€4,852 | -3.9% |
| Amounts receivable within one year | 40/41 | €0 | €6,823 | +€6,823 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €6,823 | +€6,823 | |
| Current investments | 50/53 | €90,000 | €90,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,609 | €14,355 | -€18,254 | -56.0% |
| Deferred charges and accrued income | 490/1 | €865 | €7,444 | +€6,579 | +760.6% |
| Total equity and liabilities | 10/49 | €273,034 | €342,177 | +€69,143 | +25.3% |
| Equity | 10/15 | €271,302 | €255,603 | -€15,700 | -5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €238,422 | €222,722 | -€15,700 | -6.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €236,562 | €220,862 | -€15,700 | -6.6% |
| Profit (loss) carried forward | 14 | €14,280 | €14,280 | = | 0.0% |
| Amounts payable | 17/49 | €1,732 | €86,574 | +€84,842 | +4899.0% |
| Amounts payable after more than one year | 17 | €550 | €550 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €550 | €550 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,182 | €86,024 | +€84,842 | +7178.9% |
| Trade debts | 44 | €498 | €38,555 | +€38,057 | +7648.6% |
| Suppliers | 440/4 | €498 | €38,555 | +€38,057 | +7648.6% |
| Taxes, remuneration and social security | 45 | €684 | €0 | -€684 | -100.0% |
| Taxes | 450/3 | €684 | €0 | -€684 | -100.0% |
| Other amounts payable | 47/48 | - | €47,469 | +€47,469 | |
| Non-recurring operating income | 76A | - | €21,111 | +€21,111 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,549 | €40,794 | +€15,245 | +59.7% |
| Other operating charges | 640/8 | €16,340 | €6,700 | -€9,641 | -59.0% |
| Gross operating margin | 9900 | €109,405 | €136,862 | +€27,457 | +25.1% |
| Operating profit (loss) | 9901 | €67,515 | €89,368 | +€21,853 | +32.4% |
| Financial income | 75/76B | €54 | €0 | -€54 | -99.6% |
| Recurring financial income | 75 | €54 | €0 | -€54 | -99.6% |
| Financial charges | 65/66B | €37,595 | €54,422 | +€16,827 | +44.8% |
| Recurring financial charges | 65 | €37,595 | €54,422 | +€16,827 | +44.8% |
| Profit (loss) for the period before taxes | 9903 | €29,975 | €34,946 | +€4,972 | +16.6% |
| Income taxes | 67/77 | €10,694 | €3,177 | -€7,517 | -70.3% |
| Profit (loss) for the period | 9904 | €19,281 | €31,770 | +€12,489 | +64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,281 | €31,770 | +€12,489 | +64.8% |
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 3 October 2026 via checked.be.