MEDICURO: 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.
MEDICURO
Largest movements
- Tangible fixed assets -€18,775
down €18,775 (-6.0%), from €314,916 to €296,141
of which Land and buildings: -€20,504
- Cash +€10,431
up €10,431 (+35.6%), from €29,320 to €39,751
mainly Net result for the year (+€30,513) and Depreciation (+€23,856)
- Receivables within one year -€7,527
down €7,527 (-23.3%), from €32,316 to €24,789
of which Trade receivables: -€8,041
- Debts after one year -€42,822
down €42,822 (-19.3%), from €222,022 to €179,200
of which Financial debts: -€33,706
- Reserves +€30,513
up €30,513 (+22.3%), from €136,831 to €167,344
of which Distributable reserves: +€30,513
- Tax, wage and social debts -€4,962
down €4,962 (-60.0%), from €8,268 to €3,306
of which Taxes: -€4,962
- Gross operating margin -€7,401
down €7,401 (-9.0%), from €82,106 to €74,705
- Taxes -€1,801
down €1,801 (-11.5%), from €15,629 to €13,828
- Depreciation +€1,170
up €1,170 (+5.2%), from €22,686 to €23,856
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 | €472,223 | €457,159 | -€15,064 | -3.2% |
| Formation expenses | 20 | €1,244 | €1,067 | -€178 | -14.3% |
| Fixed assets | 21/28 | €315,551 | €296,776 | -€18,775 | -5.9% |
| Tangible fixed assets | 22/27 | €314,916 | €296,141 | -€18,775 | -6.0% |
| Land and buildings | 22 | €303,410 | €282,906 | -€20,504 | -6.8% |
| Plant, machinery and equipment | 23 | €395 | €169 | -€226 | -57.3% |
| Furniture and vehicles | 24 | €3,426 | €6,981 | +€3,555 | +104% |
| Other tangible fixed assets | 26 | €7,685 | €6,085 | -€1,600 | -20.8% |
| Financial fixed assets | 28 | €635 | €635 | = | 0.0% |
| Current assets | 29/58 | €155,427 | €159,316 | +€3,889 | +2.5% |
| Stocks and contracts in progress | 3 | €90,508 | €91,946 | +€1,438 | +1.6% |
| Stocks | 30/36 | €90,508 | €91,946 | +€1,438 | +1.6% |
| Amounts receivable within one year | 40/41 | €32,316 | €24,789 | -€7,527 | -23.3% |
| Trade receivables | 40 | €32,316 | €24,276 | -€8,041 | -24.9% |
| Other amounts receivable | 41 | - | €513 | +€513 | |
| Cash at bank and in hand | 54/58 | €29,320 | €39,751 | +€10,431 | +35.6% |
| Deferred charges and accrued income | 490/1 | €3,283 | €2,830 | -€452 | -13.8% |
| Total equity and liabilities | 10/49 | €472,223 | €457,159 | -€15,064 | -3.2% |
| Equity | 10/15 | €176,831 | €207,344 | +€30,513 | +17.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €136,831 | €167,344 | +€30,513 | +22.3% |
| Tax-exempt reserves | 132 | €95 | €95 | = | 0.0% |
| Distributable reserves | 133 | €136,736 | €167,249 | +€30,513 | +22.3% |
| Amounts payable | 17/49 | €295,391 | €249,814 | -€45,577 | -15.4% |
| Amounts payable after more than one year | 17 | €222,022 | €179,200 | -€42,822 | -19.3% |
| Financial debts | 170/4 | €203,378 | €169,672 | -€33,706 | -16.6% |
| Other amounts payable | 178/9 | €18,644 | €9,528 | -€9,116 | -48.9% |
| Amounts payable within one year | 42/48 | €71,369 | €68,464 | -€2,905 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €34,764 | €33,706 | -€1,058 | -3.0% |
| Trade debts | 44 | €28,337 | €31,452 | +€3,115 | +11.0% |
| Suppliers | 440/4 | €28,337 | €31,452 | +€3,115 | +11.0% |
| Taxes, remuneration and social security | 45 | €8,268 | €3,306 | -€4,962 | -60.0% |
| Taxes | 450/3 | €6,792 | €1,830 | -€4,962 | -73.1% |
| Remuneration and social security | 454/9 | €1,476 | €1,476 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,150 | +€150 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,686 | €23,856 | +€1,170 | +5.2% |
| Other operating charges | 640/8 | €2,145 | €2,631 | +€486 | +22.6% |
| Gross operating margin | 9900 | €82,106 | €74,705 | -€7,401 | -9.0% |
| Operating profit (loss) | 9901 | €57,274 | €48,218 | -€9,056 | -15.8% |
| Financial income | 75/76B | €1,143 | €802 | -€340 | -29.8% |
| Recurring financial income | 75 | €1,143 | €802 | -€340 | -29.8% |
| Financial charges | 65/66B | €5,418 | €4,680 | -€739 | -13.6% |
| Recurring financial charges | 65 | €5,418 | €4,680 | -€739 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €52,999 | €44,341 | -€8,658 | -16.3% |
| Income taxes | 67/77 | €15,629 | €13,828 | -€1,801 | -11.5% |
| Profit (loss) for the period | 9904 | €37,370 | €30,513 | -€6,857 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,370 | €30,513 | -€6,857 | -18.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.