Medicura: what changed
Medicura
Largest movements
- Tangible fixed assets +€194,759
up €194,759 (+3,961%), from €4,917 to €199,676
of which Land and buildings: +€197,514
- Cash -€40,280
down €40,280 (-79.8%), from €50,454 to €10,174
mainly Investment in fixed assets (net) (-€202,909) and Receivables within one year (-€16,153)
- Intangible fixed assets -€22,792
down €22,792 (-100.0%), from €22,792 to €0
- Deferred charges and accrued income -€17,918
down €17,918 (-98.0%), from €18,286 to €369
- Receivables within one year +€16,153
up €16,153 (+3,213%), from €503 to €16,656
of which Trade receivables: +€16,656
- Debts after one year +€106,119
up €106,119 (+342%), from €31,041 to €137,160
- Other debts +€37,600
up €37,600 (+8,567%), from €439 to €38,039
- Profit (loss) carried forward -€13,233
down €13,233, from €6,375 to -€6,858
- Current portion of long-term debt +€4,480
up €4,480 (+34.5%), from €12,979 to €17,459
- Tax, wage and social debts -€4,445
down €4,445 (-61.2%), from €7,264 to €2,819
of which Remuneration and social security: -€4,868
- Gross operating margin -€15,491
down €15,491 (-38.7%), from €39,991 to €24,500
- Financial charges +€3,478
up €3,478 (+194%), from €1,794 to €5,272
- Depreciation -€3,232
down €3,232 (-9.5%), from €34,174 to €30,942
- Taxes -€1,974
down €1,974 (-82.4%), from €2,396 to €422
- Other operating charges +€645
up €645 (+142%), from €455 to €1,100
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,952 | €226,874 | +€129,922 | +134% |
| Fixed assets | 21/28 | €27,709 | €199,676 | +€171,967 | +621% |
| Intangible fixed assets | 21 | €22,792 | €0 | -€22,792 | -100.0% |
| Tangible fixed assets | 22/27 | €4,917 | €199,676 | +€194,759 | +3,961% |
| Land and buildings | 22 | - | €197,514 | +€197,514 | |
| Furniture and vehicles | 24 | €4,917 | €2,162 | -€2,755 | -56.0% |
| Current assets | 29/58 | €69,243 | €27,198 | -€42,045 | -60.7% |
| Amounts receivable within one year | 40/41 | €503 | €16,656 | +€16,153 | +3,213% |
| Trade receivables | 40 | - | €16,656 | +€16,656 | |
| Other amounts receivable | 41 | €503 | - | -€503 | |
| Cash at bank and in hand | 54/58 | €50,454 | €10,174 | -€40,280 | -79.8% |
| Deferred charges and accrued income | 490/1 | €18,286 | €369 | -€17,918 | -98.0% |
| Total equity and liabilities | 10/49 | €96,952 | €226,874 | +€129,922 | +134% |
| Equity | 10/15 | €43,015 | €29,782 | -€13,233 | -30.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €24,240 | €24,240 | = | 0.0% |
| Distributable reserves | 133 | €24,240 | €24,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,375 | -€6,858 | -€13,233 | |
| Amounts payable | 17/49 | €53,937 | €197,092 | +€143,154 | +265% |
| Amounts payable after more than one year | 17 | €31,041 | €137,160 | +€106,119 | +342% |
| Financial debts | 170/4 | €31,041 | €137,160 | +€106,119 | +342% |
| Amounts payable within one year | 42/48 | €22,896 | €59,932 | +€37,036 | +162% |
| Current portion of amounts payable after more than one year | 42 | €12,979 | €17,459 | +€4,480 | +34.5% |
| Trade debts | 44 | €2,214 | €1,615 | -€599 | -27.0% |
| Suppliers | 440/4 | €2,214 | €1,615 | -€599 | -27.0% |
| Taxes, remuneration and social security | 45 | €7,264 | €2,819 | -€4,445 | -61.2% |
| Taxes | 450/3 | €2,396 | €2,819 | +€422 | +17.6% |
| Remuneration and social security | 454/9 | €4,868 | - | -€4,868 | |
| Other amounts payable | 47/48 | €439 | €38,039 | +€37,600 | +8,567% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,174 | €30,942 | -€3,232 | -9.5% |
| Other operating charges | 640/8 | €455 | €1,100 | +€645 | +142% |
| Gross operating margin | 9900 | €39,991 | €24,500 | -€15,491 | -38.7% |
| Operating profit (loss) | 9901 | €5,361 | -€7,542 | -€12,904 | |
| Financial income | 75/76B | €0 | €4 | +€3 | +1,633% |
| Recurring financial income | 75 | €0 | €4 | +€3 | +1,633% |
| Financial charges | 65/66B | €1,794 | €5,272 | +€3,478 | +194% |
| Recurring financial charges | 65 | €1,794 | €5,272 | +€3,478 | +194% |
| Profit (loss) for the period before taxes | 9903 | €3,567 | -€12,811 | -€16,378 | |
| Income taxes | 67/77 | €2,396 | €422 | -€1,974 | -82.4% |
| Profit (loss) for the period | 9904 | €1,171 | -€13,233 | -€14,404 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,171 | -€13,233 | -€14,404 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.