MEDICO: 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.
MEDICO
Largest movements
- Tangible fixed assets -€16,605
down €16,605 (-33.6%), from €49,402 to €32,797
- Financial fixed assets -€2,000
down €2,000 (-100.0%), from €2,000 to €0
- Cash -€1,212
down €1,212 (-6.8%), from €17,923 to €16,711
mainly Net result for the year (-€14,012) and Other debts (-€5,783)
- Profit (loss) carried forward -€14,012
down €14,012 (-3842.2%), from -€365 to -€14,377
- Other debts -€5,783
down €5,783 (-49.3%), from €11,732 to €5,949
- Trade debts -€1,061
down €1,061 (-35.0%), from €3,031 to €1,970
- Gross operating margin -€5,478
down €5,478 (-46.5%), from €11,772 to €6,294
- Other operating charges +€2,540
up €2,540 (+338.1%), from €751 to €3,291
- Depreciation -€397
down €397 (-2.3%), from €17,001 to €16,605
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 | €73,267 | €52,839 | -€20,427 | -27.9% |
| Fixed assets | 21/28 | €51,402 | €32,797 | -€18,605 | -36.2% |
| Tangible fixed assets | 22/27 | €49,402 | €32,797 | -€16,605 | -33.6% |
| Furniture and vehicles | 24 | €49,402 | €32,797 | -€16,605 | -33.6% |
| Financial fixed assets | 28 | €2,000 | €0 | -€2,000 | -100.0% |
| Current assets | 29/58 | €21,865 | €20,042 | -€1,822 | -8.3% |
| Stocks and contracts in progress | 3 | €2,406 | €2,003 | -€403 | -16.8% |
| Stocks | 30/36 | €2,406 | €2,003 | -€403 | -16.8% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €17,923 | €16,711 | -€1,212 | -6.8% |
| Deferred charges and accrued income | 490/1 | €1,536 | €1,328 | -€208 | -13.5% |
| Total equity and liabilities | 10/49 | €73,267 | €52,839 | -€20,427 | -27.9% |
| Equity | 10/15 | €57,005 | €42,993 | -€14,012 | -24.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,770 | €38,770 | = | 0.0% |
| 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 | €36,910 | €36,910 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€365 | -€14,377 | -€14,012 | -3842.2% |
| Amounts payable | 17/49 | €16,261 | €9,847 | -€6,415 | -39.4% |
| Amounts payable within one year | 42/48 | €16,261 | €9,847 | -€6,415 | -39.4% |
| Trade debts | 44 | €3,031 | €1,970 | -€1,061 | -35.0% |
| Suppliers | 440/4 | €3,031 | €1,970 | -€1,061 | -35.0% |
| Taxes, remuneration and social security | 45 | €1,498 | €1,928 | +€430 | +28.7% |
| Taxes | 450/3 | €1,498 | €1,928 | +€430 | +28.7% |
| Other amounts payable | 47/48 | €11,732 | €5,949 | -€5,783 | -49.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,001 | €16,605 | -€397 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €751 | €3,291 | +€2,540 | +338.1% |
| Gross operating margin | 9900 | €11,772 | €6,294 | -€5,478 | -46.5% |
| Operating profit (loss) | 9901 | -€5,981 | -€13,602 | -€7,621 | -127.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +900.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +900.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €140 | €185 | +€45 | +32.1% |
| Recurring financial charges | 65 | €140 | €185 | +€45 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,121 | -€13,786 | -€7,666 | -125.2% |
| Income taxes | 67/77 | €247 | €226 | -€21 | -8.3% |
| Profit (loss) for the period | 9904 | -€6,367 | -€14,012 | -€7,645 | -120.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,367 | -€14,012 | -€7,645 | -120.1% |
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 10 October 2026 via checked.be.