MEDICOREXI: 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.
MEDICOREXI
Largest movements
- Tangible fixed assets +€32,883
up €32,883 (+97.3%), from €33,798 to €66,681
of which Land and buildings: +€40,953
- Cash -€8,816
down €8,816 (-3.5%), from €249,670 to €240,853
mainly Investment in fixed assets (net) (-€53,528) and Contributions, distributions and other (-€48,780)
- Deferred charges and accrued income +€5,828
up €5,828 (+31.3%), from €18,599 to €24,427
- Reserves +€60,000
up €60,000 (+33.3%), from €180,000 to €240,000
- Profit (loss) carried forward -€43,459
down €43,459 (-30.9%), from €140,821 to €97,362
- Other debts +€21,689
up €21,689 (+67.0%), from €32,377 to €54,067
- Current portion of long-term debt -€12,017
no longer reported in 2025 (was €12,017)
- Gross operating margin -€15,001
down €15,001 (-11.7%), from €128,090 to €113,089
- Depreciation +€11,045
up €11,045 (+115.1%), from €9,600 to €20,645
- Taxes -€6,272
down €6,272 (-19.6%), from €31,969 to €25,697
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 | €370,067 | €396,364 | +€26,297 | +7.1% |
| Fixed assets | 21/28 | €33,798 | €66,681 | +€32,883 | +97.3% |
| Tangible fixed assets | 22/27 | €33,798 | €66,681 | +€32,883 | +97.3% |
| Land and buildings | 22 | - | €40,953 | +€40,953 | |
| Furniture and vehicles | 24 | €33,798 | €25,728 | -€8,070 | -23.9% |
| Current assets | 29/58 | €336,269 | €329,683 | -€6,586 | -2.0% |
| Amounts receivable within one year | 40/41 | €8,000 | €4,403 | -€3,597 | -45.0% |
| Other amounts receivable | 41 | €8,000 | €4,403 | -€3,597 | -45.0% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €249,670 | €240,853 | -€8,816 | -3.5% |
| Deferred charges and accrued income | 490/1 | €18,599 | €24,427 | +€5,828 | +31.3% |
| Total equity and liabilities | 10/49 | €370,067 | €396,364 | +€26,297 | +7.1% |
| Equity | 10/15 | €323,821 | €340,362 | +€16,541 | +5.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €180,000 | €240,000 | +€60,000 | +33.3% |
| Distributable reserves | 133 | €180,000 | €240,000 | +€60,000 | +33.3% |
| Profit (loss) carried forward | 14 | €140,821 | €97,362 | -€43,459 | -30.9% |
| Amounts payable | 17/49 | €46,246 | €56,003 | +€9,757 | +21.1% |
| Amounts payable within one year | 42/48 | €44,431 | €54,067 | +€9,636 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €12,017 | - | -€12,017 | |
| Taxes, remuneration and social security | 45 | €36 | - | -€36 | |
| Remuneration and social security | 454/9 | €36 | - | -€36 | |
| Other amounts payable | 47/48 | €32,377 | €54,067 | +€21,689 | +67.0% |
| Accrued charges and deferred income | 492/3 | €1,815 | €1,936 | +€121 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,600 | €20,645 | +€11,045 | +115.1% |
| Other operating charges | 640/8 | €239 | €797 | +€558 | +233.9% |
| Gross operating margin | 9900 | €128,090 | €113,089 | -€15,001 | -11.7% |
| Operating profit (loss) | 9901 | €118,252 | €91,648 | -€26,604 | -22.5% |
| Financial charges | 65/66B | €1,089 | €630 | -€459 | -42.2% |
| Recurring financial charges | 65 | €1,089 | €630 | -€459 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €117,163 | €91,018 | -€26,145 | -22.3% |
| Income taxes | 67/77 | €31,969 | €25,697 | -€6,272 | -19.6% |
| Profit (loss) for the period | 9904 | €85,194 | €65,321 | -€19,873 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €85,194 | €65,321 | -€19,873 | -23.3% |
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 7 October 2026 via checked.be.