MEDICSTAR: 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.
MEDICSTAR
Largest movements
- Tangible fixed assets -€21,006
down €21,006 (-51.8%), from €40,575 to €19,569
of which Leasing and similar rights: -€38,091
- Cash -€8,229
down €8,229 (-15.1%), from €54,642 to €46,413
mainly Current portion of long-term debt (-€13,120) and Debts after one year (-€10,536)
- Current portion of long-term debt -€13,120
no longer reported in 2025 (was €13,120)
- Debts after one year -€10,536
no longer reported in 2025 (was €10,536)
- Other debts -€2,957
down €2,957 (-73.6%), from €4,016 to €1,058
- Gross operating margin -€16,520
down €16,520 (-36.9%), from €44,774 to €28,254
- Financial charges +€7,032
up €7,032 (+2138.4%), from €329 to €7,361
- Taxes -€4,707
down €4,707 (-91.2%), from €5,161 to €453
- Depreciation +€835
up €835 (+4.0%), from €20,754 to €21,589
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 | €170,027 | €140,544 | -€29,483 | -17.3% |
| Fixed assets | 21/28 | €40,575 | €19,569 | -€21,006 | -51.8% |
| Tangible fixed assets | 22/27 | €40,575 | €19,569 | -€21,006 | -51.8% |
| Plant, machinery and equipment | 23 | €1,449 | €533 | -€917 | -63.2% |
| Furniture and vehicles | 24 | €1,035 | €19,036 | +€18,001 | +1739.6% |
| Leasing and similar rights | 25 | €38,091 | - | -€38,091 | |
| Current assets | 29/58 | €129,452 | €120,975 | -€8,477 | -6.5% |
| Amounts receivable within one year | 40/41 | €4,113 | €4,136 | +€24 | +0.6% |
| Other amounts receivable | 41 | €4,113 | €4,136 | +€24 | +0.6% |
| Current investments | 50/53 | €58,841 | €58,841 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €54,642 | €46,413 | -€8,229 | -15.1% |
| Deferred charges and accrued income | 490/1 | €11,856 | €11,584 | -€272 | -2.3% |
| Total equity and liabilities | 10/49 | €170,027 | €140,544 | -€29,483 | -17.3% |
| Equity | 10/15 | €132,756 | €133,119 | +€362 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,611 | €40,611 | = | 0.0% |
| Distributable reserves | 133 | €40,611 | €40,611 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,546 | €73,908 | +€362 | +0.5% |
| Amounts payable | 17/49 | €37,270 | €7,425 | -€29,845 | -80.1% |
| Amounts payable after more than one year | 17 | €10,536 | - | -€10,536 | |
| Financial debts | 170/4 | €10,536 | - | -€10,536 | |
| Amounts payable within one year | 42/48 | €25,285 | €7,425 | -€17,860 | -70.6% |
| Current portion of amounts payable after more than one year | 42 | €13,120 | - | -€13,120 | |
| Trade debts | 44 | €3,687 | €3,240 | -€447 | -12.1% |
| Suppliers | 440/4 | €3,687 | €3,240 | -€447 | -12.1% |
| Taxes, remuneration and social security | 45 | €4,461 | €3,126 | -€1,335 | -29.9% |
| Taxes | 450/3 | €4,461 | €3,126 | -€1,335 | -29.9% |
| Other amounts payable | 47/48 | €4,016 | €1,058 | -€2,957 | -73.6% |
| Accrued charges and deferred income | 492/3 | €1,450 | - | -€1,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,754 | €21,589 | +€835 | +4.0% |
| Other operating charges | 640/8 | €751 | €470 | -€281 | -37.4% |
| Gross operating margin | 9900 | €44,774 | €28,254 | -€16,520 | -36.9% |
| Operating profit (loss) | 9901 | €23,269 | €6,195 | -€17,074 | -73.4% |
| Financial income | 75/76B | €1,753 | €1,982 | +€229 | +13.1% |
| Recurring financial income | 75 | €1,753 | €1,982 | +€229 | +13.1% |
| Financial charges | 65/66B | €329 | €7,361 | +€7,032 | +2138.4% |
| Recurring financial charges | 65 | €329 | €7,361 | +€7,032 | +2138.4% |
| Profit (loss) for the period before taxes | 9903 | €24,693 | €816 | -€23,877 | -96.7% |
| Income taxes | 67/77 | €5,161 | €453 | -€4,707 | -91.2% |
| Profit (loss) for the period | 9904 | €19,532 | €362 | -€19,170 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,532 | €362 | -€19,170 | -98.1% |
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 4 October 2026 via checked.be.