MEDICM: 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.
MEDICM
Largest movements
- Tangible fixed assets +€155,226
up €155,226 (+2207.9%), from €7,030 to €162,256
of which Plant, machinery and equipment: +€161,423
- Current investments -€101,413
down €101,413 (-40.3%), from €251,413 to €150,000
- Deferred charges and accrued income -€67,307
down €67,307 (-85.4%), from €78,852 to €11,545
- Receivables within one year +€56,196
up €56,196 (+253.8%), from €22,143 to €78,339
of which Trade receivables: +€58,561
- Cash -€42,695
down €42,695 (-42.4%), from €100,661 to €57,965
mainly Investment in fixed assets (net) (-€181,840) and Receivables within one year (-€56,196)
- Reserves +€21,696
up €21,696 (+21.6%), from €100,292 to €121,988
- Other debts -€6,781
down €6,781 (-2.0%), from €340,526 to €333,745
- Depreciation -€18,063
down €18,063 (-46.1%), from €39,171 to €21,108
- Gross operating margin -€14,174
down €14,174 (-22.6%), from €62,816 to €48,642
- Financial income -€755
down €755 (-16.6%), from €4,559 to €3,804
- Taxes -€746
down €746 (-8.8%), from €8,464 to €7,719
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 | €460,099 | €477,765 | +€17,666 | +3.8% |
| Fixed assets | 21/28 | €7,030 | €167,762 | +€160,732 | +2286.2% |
| Intangible fixed assets | 21 | €0 | €5,506 | +€5,506 | |
| Tangible fixed assets | 22/27 | €7,030 | €162,256 | +€155,226 | +2207.9% |
| Plant, machinery and equipment | 23 | - | €161,423 | +€161,423 | |
| Furniture and vehicles | 24 | €7,030 | €833 | -€6,197 | -88.2% |
| Current assets | 29/58 | €453,069 | €310,003 | -€143,066 | -31.6% |
| Stocks and contracts in progress | 3 | - | €12,154 | +€12,154 | |
| Stocks | 30/36 | - | €12,154 | +€12,154 | |
| Amounts receivable within one year | 40/41 | €22,143 | €78,339 | +€56,196 | +253.8% |
| Trade receivables | 40 | €7,672 | €66,233 | +€58,561 | +763.3% |
| Other amounts receivable | 41 | €14,471 | €12,106 | -€2,365 | -16.3% |
| Current investments | 50/53 | €251,413 | €150,000 | -€101,413 | -40.3% |
| Cash at bank and in hand | 54/58 | €100,661 | €57,965 | -€42,695 | -42.4% |
| Deferred charges and accrued income | 490/1 | €78,852 | €11,545 | -€67,307 | -85.4% |
| Total equity and liabilities | 10/49 | €460,099 | €477,765 | +€17,666 | +3.8% |
| Equity | 10/15 | €115,292 | €136,988 | +€21,696 | +18.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €100,292 | €121,988 | +€21,696 | +21.6% |
| Distributable reserves | 133 | €100,292 | €121,988 | +€21,696 | +21.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €344,807 | €340,778 | -€4,030 | -1.2% |
| Amounts payable within one year | 42/48 | €344,677 | €340,778 | -€3,900 | -1.1% |
| Trade debts | 44 | €4,151 | €6,928 | +€2,777 | +66.9% |
| Suppliers | 440/4 | €4,151 | €6,928 | +€2,777 | +66.9% |
| Taxes, remuneration and social security | 45 | - | €105 | +€105 | |
| Taxes | 450/3 | - | €105 | +€105 | |
| Other amounts payable | 47/48 | €340,526 | €333,745 | -€6,781 | -2.0% |
| Accrued charges and deferred income | 492/3 | €130 | €0 | -€130 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,171 | €21,108 | -€18,063 | -46.1% |
| Other operating charges | 640/8 | €1,053 | €697 | -€356 | -33.8% |
| Gross operating margin | 9900 | €62,816 | €48,642 | -€14,174 | -22.6% |
| Operating profit (loss) | 9901 | €22,591 | €26,836 | +€4,245 | +18.8% |
| Financial income | 75/76B | €4,559 | €3,804 | -€755 | -16.6% |
| Recurring financial income | 75 | €4,559 | €3,804 | -€755 | -16.6% |
| Financial charges | 65/66B | €181 | €392 | +€211 | +117.1% |
| Recurring financial charges | 65 | €181 | €392 | +€211 | +117.1% |
| Profit (loss) for the period before taxes | 9903 | €26,969 | €30,248 | +€3,278 | +12.2% |
| Income taxes | 67/77 | €8,464 | €7,719 | -€746 | -8.8% |
| Profit (loss) for the period | 9904 | €18,505 | €22,529 | +€4,024 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,505 | €22,529 | +€4,024 | +21.7% |
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 8 October 2026 via checked.be.