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 -€78,201
down €78,201 (-12.9%), from €607,393 to €529,192
of which Land and buildings: -€64,221
- Receivables within one year -€56,852
down €56,852 (-10.7%), from €531,658 to €474,806
of which Other amounts receivable: -€114,685
- Cash +€24,732
up €24,732 (+505.1%), from €4,897 to €29,629
mainly Depreciation (+€80,989) and Trade debts (+€61,282)
- Other debts -€229,039
down €229,039 (-28.1%), from €815,443 to €586,404
- Trade debts +€61,282
up €61,282 (+42.3%), from €144,840 to €206,121
- Debts after one year +€43,431
up €43,431 (+54.9%), from €79,142 to €122,573
- Current portion of long-term debt +€32,648
up €32,648 (+114.6%), from €28,498 to €61,147
- Gross operating margin -€32,223
down €32,223 (-16.3%), from €197,180 to €164,957
- Staff costs -€12,198
down €12,198 (-15.2%), from €80,006 to €67,808
- Taxes -€9,314
down €9,314 (-63.9%), from €14,575 to €5,261
- Other operating charges +€4,699
up €4,699 (+57.4%), from €8,194 to €12,893
- Financial income -€3,891
down €3,891 (-55.1%), from €7,058 to €3,167
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 | €1,154,131 | €1,053,613 | -€100,518 | -8.7% |
| Fixed assets | 21/28 | €608,338 | €530,137 | -€78,201 | -12.9% |
| Tangible fixed assets | 22/27 | €607,393 | €529,192 | -€78,201 | -12.9% |
| Land and buildings | 22 | €499,752 | €435,531 | -€64,221 | -12.9% |
| Plant, machinery and equipment | 23 | €16,814 | €12,884 | -€3,930 | -23.4% |
| Furniture and vehicles | 24 | €12,218 | €9,898 | -€2,320 | -19.0% |
| Other tangible fixed assets | 26 | €78,609 | €70,878 | -€7,730 | -9.8% |
| Financial fixed assets | 28 | €945 | €945 | = | 0.0% |
| Current assets | 29/58 | €545,793 | €523,476 | -€22,317 | -4.1% |
| Amounts receivable within one year | 40/41 | €531,658 | €474,806 | -€56,852 | -10.7% |
| Trade receivables | 40 | €381,341 | €439,175 | +€57,833 | +15.2% |
| Other amounts receivable | 41 | €150,317 | €35,632 | -€114,685 | -76.3% |
| Cash at bank and in hand | 54/58 | €4,897 | €29,629 | +€24,732 | +505.1% |
| Deferred charges and accrued income | 490/1 | €9,238 | €19,041 | +€9,803 | +106.1% |
| Total equity and liabilities | 10/49 | €1,154,131 | €1,053,613 | -€100,518 | -8.7% |
| Equity | 10/15 | €65,935 | €64,177 | -€1,758 | -2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €59,430 | €59,430 | = | 0.0% |
| Distributable reserves | 133 | €59,430 | €59,430 | = | 0.0% |
| Profit (loss) carried forward | 14 | €305 | -€1,453 | -€1,758 | |
| Amounts payable | 17/49 | €1,088,196 | €989,436 | -€98,760 | -9.1% |
| Amounts payable after more than one year | 17 | €79,142 | €122,573 | +€43,431 | +54.9% |
| Financial debts | 170/4 | €79,142 | €122,573 | +€43,431 | +54.9% |
| Amounts payable within one year | 42/48 | €1,009,054 | €866,863 | -€142,191 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €28,498 | €61,147 | +€32,648 | +114.6% |
| Trade debts | 44 | €144,840 | €206,121 | +€61,282 | +42.3% |
| Suppliers | 440/4 | €144,840 | €206,121 | +€61,282 | +42.3% |
| Taxes, remuneration and social security | 45 | €20,273 | €13,191 | -€7,081 | -34.9% |
| Taxes | 450/3 | €5,850 | €7,874 | +€2,024 | +34.6% |
| Remuneration and social security | 454/9 | €14,423 | €5,318 | -€9,105 | -63.1% |
| Other amounts payable | 47/48 | €815,443 | €586,404 | -€229,039 | -28.1% |
| Remuneration, social security and pensions | 62 | €80,006 | €67,808 | -€12,198 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,814 | €80,989 | +€2,174 | +2.8% |
| Other operating charges | 640/8 | €8,194 | €12,893 | +€4,699 | +57.4% |
| Gross operating margin | 9900 | €197,180 | €164,957 | -€32,223 | -16.3% |
| Operating profit (loss) | 9901 | €30,165 | €3,267 | -€26,898 | -89.2% |
| Financial income | 75/76B | €7,058 | €3,167 | -€3,891 | -55.1% |
| Recurring financial income | 75 | €7,058 | €3,167 | -€3,891 | -55.1% |
| Financial charges | 65/66B | €2,601 | €2,932 | +€331 | +12.7% |
| Recurring financial charges | 65 | €2,601 | €2,932 | +€331 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €34,622 | €3,502 | -€31,120 | -89.9% |
| Income taxes | 67/77 | €14,575 | €5,261 | -€9,314 | -63.9% |
| Profit (loss) for the period | 9904 | €20,048 | -€1,758 | -€21,806 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,048 | -€1,758 | -€21,806 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.