MediConsult: 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.
What changed
MediConsult
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€150,901
2024 · -€74,724-€76,177
Equity
€185,696
2024 · €386,836-€201,140
Cash
€68,143
2024 · €135,703-€67,560
Balance sheet total
€2.9m
2024 · €3.1m-€219,256
Largest movements
Assets
- Receivables after one year -€79,704
down €79,704 (-9.9%), from €801,104 to €721,400
- Cash -€67,560
down €67,560 (-49.8%), from €135,703 to €68,143
mainly Net result for the year (-€150,901) and Current portion of long-term debt (-€81,733)
- Tangible fixed assets -€44,490
down €44,490 (-2.2%), from €2.0m to €2.0m
of which Land and buildings: -€44,335
Equity and liabilities
- Profit (loss) carried forward -€146,251
down €146,251, from €55,025 to -€91,225
- Current portion of long-term debt -€81,733
down €81,733 (-35.1%), from €233,072 to €151,339
- Accrued charges and deferred income +€66,223
up €66,223 (+274%), from €24,138 to €90,361
- Debts after one year -€60,247
down €60,247 (-2.8%), from €2.1m to €2.1m
- Other debts +€59,256
up €59,256 (+21.0%), from €282,558 to €341,814
Income statement
- Financial charges +€49,021
up €49,021 (+73.8%), from €66,438 to €115,459
- Other operating income -€46,636
no longer reported in 2025 (was €46,636)
- Gross operating margin +€30,823
new in 2025: €30,823
- Services and other goods -€28,009
no longer reported in 2025 (was €28,009)
- Depreciation +€22,109
up €22,109 (+64.6%), from €34,250 to €56,359
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.
Result 2024
-€74,724
Turnover
-€6,860
Other operating income
-€46,636
Goods and materials
+€6,860
Services and other goods
+€28,009
Depreciation
-€22,109
Other operating charges
-€495
Other operating items
+€14,725
Financial income
-€1,540
Financial charges
-€49,021
Taxes
-€3
Deferred taxes and other
+€893
Result 2025
-€150,901
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€135,219
Investment
-€10,560
Financing
-€192,219
Cash 2024
€135,703
From operations (derived)
+€135,219
Net result for the year
-€150,901
Depreciation
+€56,359
Receivables after one year
+€79,704
Receivables within one year
+€26,607
Deferred charges and accrued income
-€414
Provisions
-€1,550
Trade debts
-€4,561
Tax, wage and social debts
+€4,495
Other debts
+€59,256
Accrued charges and deferred income
+€66,223
Investment (derived)
-€10,560
Investment in fixed assets (net)
-€10,560
Financing
-€192,219
Debts after one year
-€60,247
Current portion of long-term debt
-€81,733
Contributions, distributions and other
-€50,239
Cash 2025
€68,143
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,089,890 | €2,870,633 | -€219,256 | -7.1% |
| Fixed assets | 21/28 | €2,028,784 | €1,982,985 | -€45,799 | -2.3% |
| Intangible fixed assets | 21 | €5,560 | €4,250 | -€1,309 | -23.5% |
| Tangible fixed assets | 22/27 | €2,023,224 | €1,978,734 | -€44,490 | -2.2% |
| Land and buildings | 22 | €1,988,069 | €1,943,734 | -€44,335 | -2.2% |
| Plant, machinery and equipment | 23 | €155 | €0 | -€155 | -100% |
| Other tangible fixed assets | 26 | €35,000 | €35,000 | = | 0.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Affiliated companies | 280/1 | €0 | - | = | |
| Participating interests | 280 | €0 | - | = | |
| Current assets | 29/58 | €1,061,106 | €887,649 | -€173,457 | -16.3% |
| Amounts receivable after more than one year | 29 | €801,104 | €721,400 | -€79,704 | -9.9% |
| Other amounts receivable | 291 | €801,104 | €721,400 | -€79,704 | -9.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €124,299 | €97,691 | -€26,607 | -21.4% |
| Trade receivables | 40 | €18,138 | €17,987 | -€151 | -0.8% |
| Other amounts receivable | 41 | €106,161 | €79,704 | -€26,457 | -24.9% |
| Cash at bank and in hand | 54/58 | €135,703 | €68,143 | -€67,560 | -49.8% |
| Deferred charges and accrued income | 490/1 | €0 | €414 | +€414 | |
| Total equity and liabilities | 10/49 | €3,089,890 | €2,870,633 | -€219,256 | -7.1% |
| Equity | 10/15 | €386,836 | €185,696 | -€201,140 | -52.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €313,211 | €258,321 | -€54,889 | -17.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €131,667 | €127,017 | -€4,650 | -3.5% |
| Distributable reserves | 133 | €181,543 | €131,304 | -€50,239 | -27.7% |
| Profit (loss) carried forward | 14 | €55,025 | -€91,225 | -€146,251 | |
| Provisions and deferred taxes | 16 | €40,956 | €39,405 | -€1,550 | -3.8% |
| Deferred taxes | 168 | €40,956 | €39,405 | -€1,550 | -3.8% |
| Amounts payable | 17/49 | €2,662,098 | €2,645,532 | -€16,566 | -0.6% |
| Amounts payable after more than one year | 17 | €2,117,120 | €2,056,873 | -€60,247 | -2.8% |
| Financial debts | 170/4 | €2,117,120 | €2,056,873 | -€60,247 | -2.8% |
| Subordinated loans | 170 | €520,000 | - | -€520,000 | |
| Credit institutions | 173 | €189,050 | - | -€189,050 | |
| Other loans | 174 | €1,408,070 | - | -€1.4m | |
| Amounts payable within one year | 42/48 | €520,840 | €498,298 | -€22,542 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €233,072 | €151,339 | -€81,733 | -35.1% |
| Trade debts | 44 | €5,210 | €649 | -€4,561 | -87.5% |
| Suppliers | 440/4 | €5,210 | €649 | -€4,561 | -87.5% |
| Taxes, remuneration and social security | 45 | €0 | €4,495 | +€4,495 | |
| Taxes | 450/3 | €0 | €4,495 | +€4,495 | |
| Other amounts payable | 47/48 | €282,558 | €341,814 | +€59,256 | +21.0% |
| Accrued charges and deferred income | 492/3 | €24,138 | €90,361 | +€66,223 | +274% |
| Operating income | 70/76A | €53,496 | - | -€53,496 | |
| Turnover | 70 | €6,860 | - | -€6,860 | |
| Other operating income | 74 | €46,636 | - | -€46,636 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €80,745 | - | -€80,745 | |
| Goods for resale, raw materials and consumables | 60 | €6,860 | - | -€6,860 | |
| Purchases | 600/8 | €6,860 | - | -€6,860 | |
| Services and other goods | 61 | €28,009 | - | -€28,009 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,250 | €56,359 | +€22,109 | +64.6% |
| Other operating charges | 640/8 | €11,626 | €12,121 | +€495 | +4.3% |
| Non-recurring operating charges | 66A | €0 | €16,098 | +€16,098 | |
| Gross operating margin | 9900 | - | €30,823 | +€30,823 | |
| Operating profit (loss) | 9901 | -€27,249 | -€53,754 | -€26,505 | -97.3% |
| Financial income | 75/76B | €18,303 | €16,763 | -€1,540 | -8.4% |
| Recurring financial income | 75 | €18,303 | €16,763 | -€1,540 | -8.4% |
| Income from financial fixed assets | 750 | €18,251 | - | -€18,251 | |
| Other financial income | 752/9 | €52 | - | -€52 | |
| Financial charges | 65/66B | €66,438 | €115,459 | +€49,021 | +73.8% |
| Recurring financial charges | 65 | €66,438 | €115,459 | +€49,021 | +73.8% |
| Debt charges | 650 | €65,913 | - | -€65,913 | |
| Other financial charges | 652/9 | €524 | - | -€524 | |
| Profit (loss) for the period before taxes | 9903 | -€75,384 | -€152,451 | -€77,067 | -102% |
| Transfer from deferred taxes | 780 | €657 | €1,550 | +€893 | +136% |
| Income taxes | 67/77 | -€3 | €0 | +€3 | |
| Taxes | 670/3 | €0 | - | = | |
| Tax adjustments and reversals of tax provisions | 77 | €3 | - | -€3 | |
| Profit (loss) for the period | 9904 | -€74,724 | -€150,901 | -€76,177 | -102% |
| Transfer from tax-exempt reserves | 789 | €1,972 | €4,650 | +€2,678 | +136% |
| Transfer to tax-exempt reserves | 689 | €8,800 | €0 | -€8,800 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,552 | -€146,251 | -€64,699 | -79.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.