MEDICORTHO: 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.
MEDICORTHO
Largest movements
- Current investments +€78,973
up €78,973 (+13.5%), from €583,834 to €662,807
- Cash +€26,995
up €26,995 (+40.3%), from €66,956 to €93,950
mainly Net result for the year (+€96,904) and Depreciation (+€17,965)
- Tangible fixed assets -€17,965
down €17,965 (-18.5%), from €96,910 to €78,945
of which Land and buildings: -€17,455
- Receivables within one year +€10,905
up €10,905 (+24.9%), from €43,781 to €54,686
- Reserves +€96,904
up €96,904 (+13.0%), from €747,091 to €843,995
- Gross operating margin +€42,534
up €42,534 (+37.4%), from €113,856 to €156,391
- Financial income -€27,268
down €27,268 (-69.2%), from €39,380 to €12,111
- Financial charges +€7,440
up €7,440, from -€5,184 to €2,256
- Taxes +€4,389
up €4,389 (+10.0%), from €43,718 to €48,108
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €794,807 | €893,943 | +€99,136 | +12.5% |
| Fixed assets | 21/28 | €96,910 | €78,945 | -€17,965 | -18.5% |
| Tangible fixed assets | 22/27 | €96,910 | €78,945 | -€17,965 | -18.5% |
| Land and buildings | 22 | €96,187 | €78,732 | -€17,455 | -18.1% |
| Furniture and vehicles | 24 | €723 | €214 | -€509 | -70.5% |
| Current assets | 29/58 | €697,897 | €814,997 | +€117,100 | +16.8% |
| Amounts receivable within one year | 40/41 | €43,781 | €54,686 | +€10,905 | +24.9% |
| Trade receivables | 40 | €43,781 | €54,686 | +€10,905 | +24.9% |
| Current investments | 50/53 | €583,834 | €662,807 | +€78,973 | +13.5% |
| Cash at bank and in hand | 54/58 | €66,956 | €93,950 | +€26,995 | +40.3% |
| Deferred charges and accrued income | 490/1 | €3,326 | €3,554 | +€228 | +6.9% |
| Total equity and liabilities | 10/49 | €794,807 | €893,943 | +€99,136 | +12.5% |
| Equity | 10/15 | €767,091 | €863,995 | +€96,904 | +12.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €747,091 | €843,995 | +€96,904 | +13.0% |
| Distributable reserves | 133 | €747,091 | €843,995 | +€96,904 | +13.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,715 | €29,947 | +€2,232 | +8.1% |
| Amounts payable within one year | 42/48 | €24,328 | €29,548 | +€5,220 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,400 | €1,043 | -€357 | -25.5% |
| Suppliers | 440/4 | €1,400 | €1,043 | -€357 | -25.5% |
| Taxes, remuneration and social security | 45 | €22,928 | €28,505 | +€5,577 | +24.3% |
| Taxes | 450/3 | €22,928 | €28,254 | +€5,327 | +23.2% |
| Remuneration and social security | 454/9 | - | €251 | +€251 | |
| Accrued charges and deferred income | 492/3 | €3,388 | €400 | -€2,988 | -88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,964 | €17,965 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,152 | €3,270 | +€118 | +3.7% |
| Gross operating margin | 9900 | €113,856 | €156,391 | +€42,534 | +37.4% |
| Operating profit (loss) | 9901 | €92,740 | €135,156 | +€42,416 | +45.7% |
| Financial income | 75/76B | €39,380 | €12,111 | -€27,268 | -69.2% |
| Recurring financial income | 75 | €39,380 | €12,111 | -€27,268 | -69.2% |
| Financial charges | 65/66B | -€5,184 | €2,256 | +€7,440 | |
| Recurring financial charges | 65 | -€5,184 | €2,256 | +€7,440 | |
| Profit (loss) for the period before taxes | 9903 | €137,304 | €145,012 | +€7,708 | +5.6% |
| Income taxes | 67/77 | €43,718 | €48,108 | +€4,389 | +10.0% |
| Profit (loss) for the period | 9904 | €93,586 | €96,904 | +€3,318 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €93,586 | €96,904 | +€3,318 | +3.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.