MEDICON: 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.
MEDICON
Largest movements
- Tangible fixed assets -€14,913
down €14,913 (-8.1%), from €183,438 to €168,525
of which Land and buildings: -€8,263
- Other debts +€1.2m
up €1.2m (+15479.5%), from €7,455 to €1.2m
- Short-term financial debts -€1.1m
no longer reported in 2025 (was €1.1m)
of which Other loans: -€1.1m
- Profit (loss) carried forward -€28,914
down €28,914 (-17.2%), from -€167,883 to -€196,797
- Gross operating margin +€10,451
up €10,451 (+57.1%), from -€18,308 to -€7,856
- Other operating charges -€2,560
down €2,560 (-30.7%), from €8,350 to €5,789
- Depreciation -€1,100
down €1,100 (-6.9%), from €16,013 to €14,913
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 | €1,355,755 | €1,344,916 | -€10,839 | -0.8% |
| Fixed assets | 21/28 | €1,347,326 | €1,332,413 | -€14,913 | -1.1% |
| Tangible fixed assets | 22/27 | €183,438 | €168,525 | -€14,913 | -8.1% |
| Land and buildings | 22 | €162,772 | €154,509 | -€8,263 | -5.1% |
| Plant, machinery and equipment | 23 | €63 | - | -€63 | |
| Furniture and vehicles | 24 | €2,537 | €2,067 | -€470 | -18.5% |
| Other tangible fixed assets | 26 | €18,066 | €11,949 | -€6,117 | -33.9% |
| Financial fixed assets | 28 | €1,163,887 | €1,163,887 | = | 0.0% |
| Current assets | 29/58 | €8,429 | €12,503 | +€4,074 | +48.3% |
| Amounts receivable within one year | 40/41 | €7,757 | €6,655 | -€1,102 | -14.2% |
| Trade receivables | 40 | €6,655 | €6,655 | = | 0.0% |
| Other amounts receivable | 41 | €1,102 | - | -€1,102 | |
| Cash at bank and in hand | 54/58 | €672 | €5,848 | +€5,177 | +770.8% |
| Total equity and liabilities | 10/49 | €1,355,755 | €1,344,916 | -€10,839 | -0.8% |
| Equity | 10/15 | €212,393 | €183,479 | -€28,914 | -13.6% |
| Contributions | 10/11 | €163,963 | €163,963 | = | 0.0% |
| Capital | 10 | €163,963 | €163,963 | = | 0.0% |
| Issued capital | 100 | €170,155 | €170,155 | = | 0.0% |
| Uncalled capital | 101 | €6,192 | €6,192 | = | 0.0% |
| Reserves | 13 | €216,313 | €216,313 | = | 0.0% |
| Non-distributable reserves | 130/1 | €57,016 | €57,016 | = | 0.0% |
| Legal reserve | 130 | €57,016 | €57,016 | = | 0.0% |
| Distributable reserves | 133 | €159,297 | €159,297 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,883 | -€196,797 | -€28,914 | -17.2% |
| Amounts payable | 17/49 | €1,143,362 | €1,161,437 | +€18,075 | +1.6% |
| Amounts payable within one year | 42/48 | €1,143,362 | €1,161,437 | +€18,075 | +1.6% |
| Financial debts | 43 | €1,135,907 | - | -€1.1m | |
| Credit institutions | 430/8 | €13 | - | -€13 | |
| Other loans | 439 | €1,135,894 | - | -€1.1m | |
| Other amounts payable | 47/48 | €7,455 | €1,161,437 | +€1.2m | +15479.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,013 | €14,913 | -€1,100 | -6.9% |
| Other operating charges | 640/8 | €8,350 | €5,789 | -€2,560 | -30.7% |
| Gross operating margin | 9900 | -€18,308 | -€7,856 | +€10,451 | +57.1% |
| Operating profit (loss) | 9901 | -€42,671 | -€28,559 | +€14,112 | +33.1% |
| Financial charges | 65/66B | €521 | €355 | -€166 | -31.8% |
| Recurring financial charges | 65 | €521 | €355 | -€166 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | -€43,191 | -€28,914 | +€14,277 | +33.1% |
| Profit (loss) for the period | 9904 | -€43,191 | -€28,914 | +€14,277 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,191 | -€28,914 | +€14,277 | +33.1% |
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.