MEDICODENT: 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.
MEDICODENT
Largest movements
- Cash +€201,233
up €201,233 (+34.2%), from €588,752 to €789,985
mainly Net result for the year (+€180,138) and Depreciation (+€53,895)
- Tangible fixed assets -€51,322
down €51,322 (-17.5%), from €293,267 to €241,944
of which Furniture and vehicles: -€27,104
- Reserves +€180,138
up €180,138 (+22.9%), from €785,071 to €965,209
- Debts after one year -€25,923
down €25,923 (-66.5%), from €38,994 to €13,071
- Gross operating margin +€36,429
up €36,429 (+10.2%), from €357,460 to €393,888
- Taxes +€11,001
up €11,001 (+15.2%), from €72,473 to €83,474
- Financial income -€8,029
down €8,029 (-98.4%), from €8,161 to €133
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 | €900,690 | €1,058,877 | +€158,187 | +17.6% |
| Fixed assets | 21/28 | €295,002 | €243,680 | -€51,322 | -17.4% |
| Tangible fixed assets | 22/27 | €293,267 | €241,944 | -€51,322 | -17.5% |
| Land and buildings | 22 | €210,489 | €189,338 | -€21,151 | -10.0% |
| Plant, machinery and equipment | 23 | €15,745 | €12,678 | -€3,068 | -19.5% |
| Furniture and vehicles | 24 | €67,033 | €39,929 | -€27,104 | -40.4% |
| Financial fixed assets | 28 | €1,735 | €1,735 | = | 0.0% |
| Current assets | 29/58 | €605,688 | €815,197 | +€209,509 | +34.6% |
| Stocks and contracts in progress | 3 | €8,949 | €8,055 | -€894 | -10.0% |
| Stocks | 30/36 | €8,949 | €8,055 | -€894 | -10.0% |
| Amounts receivable within one year | 40/41 | €1,159 | €11,216 | +€10,057 | +867.8% |
| Trade receivables | 40 | €74 | €9,535 | +€9,461 | +12785.8% |
| Other amounts receivable | 41 | €1,085 | €1,681 | +€596 | +54.9% |
| Cash at bank and in hand | 54/58 | €588,752 | €789,985 | +€201,233 | +34.2% |
| Deferred charges and accrued income | 490/1 | €6,828 | €5,941 | -€887 | -13.0% |
| Total equity and liabilities | 10/49 | €900,690 | €1,058,877 | +€158,187 | +17.6% |
| Equity | 10/15 | €803,663 | €983,801 | +€180,138 | +22.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €785,071 | €965,209 | +€180,138 | +22.9% |
| Distributable reserves | 133 | €785,071 | €965,209 | +€180,138 | +22.9% |
| Amounts payable | 17/49 | €97,027 | €75,076 | -€21,951 | -22.6% |
| Amounts payable after more than one year | 17 | €38,994 | €13,071 | -€25,923 | -66.5% |
| Financial debts | 170/4 | €38,994 | €13,071 | -€25,923 | -66.5% |
| Amounts payable within one year | 42/48 | €58,033 | €61,722 | +€3,689 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €25,636 | €25,923 | +€287 | +1.1% |
| Trade debts | 44 | €3,846 | €141 | -€3,705 | -96.3% |
| Suppliers | 440/4 | €3,846 | €141 | -€3,705 | -96.3% |
| Taxes, remuneration and social security | 45 | €28,551 | €35,658 | +€7,106 | +24.9% |
| Taxes | 450/3 | €18,899 | €26,369 | +€7,470 | +39.5% |
| Remuneration and social security | 454/9 | €9,653 | €9,289 | -€364 | -3.8% |
| Accrued charges and deferred income | 492/3 | - | €283 | +€283 | |
| Remuneration, social security and pensions | 62 | €68,760 | €71,978 | +€3,218 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,246 | €53,895 | -€1,351 | -2.4% |
| Other operating charges | 640/8 | €3,304 | €3,173 | -€131 | -4.0% |
| Gross operating margin | 9900 | €357,460 | €393,888 | +€36,429 | +10.2% |
| Operating profit (loss) | 9901 | €230,150 | €264,842 | +€34,692 | +15.1% |
| Financial income | 75/76B | €8,161 | €133 | -€8,029 | -98.4% |
| Recurring financial income | 75 | €8,161 | €133 | -€8,029 | -98.4% |
| Financial charges | 65/66B | €1,938 | €1,362 | -€576 | -29.7% |
| Recurring financial charges | 65 | €1,938 | €1,362 | -€576 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €236,373 | €263,612 | +€27,239 | +11.5% |
| Income taxes | 67/77 | €72,473 | €83,474 | +€11,001 | +15.2% |
| Profit (loss) for the period | 9904 | €163,900 | €180,138 | +€16,238 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €163,900 | €180,138 | +€16,238 | +9.9% |
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 11 October 2026 via checked.be.