MEDICOTRONIX: 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.
MEDICOTRONIX
Largest movements
- Cash -€39,515
no longer reported in 2025 (was €39,515)
mainly Tax, wage and social debts (-€29,803) and Receivables within one year (-€27,249)
- Receivables within one year +€27,249
up €27,249 (+49.8%), from €54,716 to €81,965
of which Trade receivables: +€18,662
- Tangible fixed assets -€6,138
down €6,138 (-6.8%), from €90,402 to €84,264
of which Leasing and similar rights: -€23,145
- Deferred charges and accrued income +€5,269
up €5,269 (+122%), from €4,321 to €9,590
- Tax, wage and social debts -€29,803
down €29,803 (-46.6%), from €63,933 to €34,131
of which Taxes: -€25,844
- Short-term financial debts +€28,328
new in 2025: €28,328
- Trade debts +€24,003
up €24,003 (+48.7%), from €49,303 to €73,306
- Debts after one year -€20,358
down €20,358 (-64.2%), from €31,718 to €11,360
- Profit (loss) carried forward -€4,816
down €4,816 (-61.8%), from €7,797 to €2,982
- Gross operating margin +€63,369
up €63,369 (+133%), from €47,683 to €111,052
- Depreciation -€6,781
down €6,781 (-25.9%), from €26,206 to €19,425
- Other operating charges +€2,596
up €2,596 (+217%), from €1,198 to €3,793
- Staff costs -€1,677
down €1,677 (-2.2%), from €75,888 to €74,210
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 | €244,292 | €232,260 | -€12,032 | -4.9% |
| Fixed assets | 21/28 | €90,402 | €84,264 | -€6,138 | -6.8% |
| Tangible fixed assets | 22/27 | €90,402 | €84,264 | -€6,138 | -6.8% |
| Land and buildings | 22 | €26,060 | €25,873 | -€187 | -0.7% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €33,104 | €51,434 | +€18,330 | +55.4% |
| Leasing and similar rights | 25 | €23,145 | €0 | -€23,145 | -100% |
| Other tangible fixed assets | 26 | €8,093 | €6,957 | -€1,136 | -14.0% |
| Current assets | 29/58 | €153,890 | €147,996 | -€5,894 | -3.8% |
| Stocks and contracts in progress | 3 | €55,338 | €56,442 | +€1,104 | +2.0% |
| Stocks | 30/36 | €55,338 | €56,442 | +€1,104 | +2.0% |
| Amounts receivable within one year | 40/41 | €54,716 | €81,965 | +€27,249 | +49.8% |
| Trade receivables | 40 | €50,376 | €69,038 | +€18,662 | +37.0% |
| Other amounts receivable | 41 | €4,340 | €12,926 | +€8,587 | +198% |
| Cash at bank and in hand | 54/58 | €39,515 | - | -€39,515 | |
| Deferred charges and accrued income | 490/1 | €4,321 | €9,590 | +€5,269 | +122% |
| Total equity and liabilities | 10/49 | €244,292 | €232,260 | -€12,032 | -4.9% |
| Equity | 10/15 | €77,266 | €67,821 | -€9,444 | -12.2% |
| Reserves | 13 | €69,468 | €64,840 | -€4,629 | -6.7% |
| Tax-exempt reserves | 132 | €57,527 | €57,527 | = | 0.0% |
| Distributable reserves | 133 | €11,941 | €7,313 | -€4,629 | -38.8% |
| Profit (loss) carried forward | 14 | €7,797 | €2,982 | -€4,816 | -61.8% |
| Amounts payable | 17/49 | €167,026 | €164,438 | -€2,588 | -1.5% |
| Amounts payable after more than one year | 17 | €31,718 | €11,360 | -€20,358 | -64.2% |
| Financial debts | 170/4 | €31,718 | €11,360 | -€20,358 | -64.2% |
| Amounts payable within one year | 42/48 | €135,156 | €152,220 | +€17,065 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €18,838 | €16,456 | -€2,382 | -12.6% |
| Financial debts | 43 | - | €28,328 | +€28,328 | |
| Credit institutions | 430/8 | - | €28,328 | +€28,328 | |
| Trade debts | 44 | €49,303 | €73,306 | +€24,003 | +48.7% |
| Suppliers | 440/4 | €49,303 | €73,306 | +€24,003 | +48.7% |
| Taxes, remuneration and social security | 45 | €63,933 | €34,131 | -€29,803 | -46.6% |
| Taxes | 450/3 | €52,498 | €26,653 | -€25,844 | -49.2% |
| Remuneration and social security | 454/9 | €11,436 | €7,478 | -€3,958 | -34.6% |
| Other amounts payable | 47/48 | €3,081 | €0 | -€3,081 | -100% |
| Accrued charges and deferred income | 492/3 | €152 | €858 | +€706 | +464% |
| Remuneration, social security and pensions | 62 | €75,888 | €74,210 | -€1,677 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,206 | €19,425 | -€6,781 | -25.9% |
| Other operating charges | 640/8 | €1,198 | €3,793 | +€2,596 | +217% |
| Non-recurring operating charges | 66A | €180 | €13,380 | +€13,200 | +7,318% |
| Gross operating margin | 9900 | €47,683 | €111,052 | +€63,369 | +133% |
| Operating profit (loss) | 9901 | -€55,789 | €243 | +€56,032 | |
| Financial income | 75/76B | €24 | €289 | +€264 | +1,087% |
| Recurring financial income | 75 | €24 | €289 | +€264 | +1,087% |
| Financial charges | 65/66B | €1,295 | €2,393 | +€1,097 | +84.7% |
| Recurring financial charges | 65 | €1,295 | €2,393 | +€1,097 | +84.7% |
| Profit (loss) for the period before taxes | 9903 | -€57,059 | -€1,861 | +€55,199 | +96.7% |
| Income taxes | 67/77 | €1,048 | €955 | -€93 | -8.8% |
| Profit (loss) for the period | 9904 | -€58,107 | -€2,816 | +€55,291 | +95.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,107 | -€2,816 | +€55,291 | +95.2% |
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 21 October 2026 via checked.be.