MEDICUS: 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.
MEDICUS
Largest movements
- Cash +€37,167
up €37,167 (+92.5%), from €40,181 to €77,348
mainly Net result for the year (+€31,288) and Other debts (+€20,000)
- Tangible fixed assets -€16,253
down €16,253 (-23.7%), from €68,516 to €52,263
of which Furniture and vehicles: -€14,141
- Receivables within one year -€8,530
down €8,530 (-17.0%), from €50,176 to €41,646
of which Trade receivables: -€10,663
- Other debts +€20,000
up €20,000 (+322.6%), from €6,201 to €26,201
- Debts after one year -€12,172
down €12,172 (-32.8%), from €37,160 to €24,987
- Reserves +€10,000
up €10,000 (+41.0%), from €24,412 to €34,412
of which Distributable reserves: +€10,000
- Accrued charges and deferred income -€7,500
no longer reported in 2025 (was €7,500)
- Tax, wage and social debts +€2,988
up €2,988 (+29.7%), from €10,064 to €13,053
- Gross operating margin +€8,225
up €8,225 (+17.1%), from €48,146 to €56,370
- Depreciation +€3,493
up €3,493 (+24.9%), from €14,009 to €17,502
- Other operating charges -€1,905
down €1,905 (-67.3%), from €2,832 to €927
- Taxes -€868
down €868 (-12.6%), from €6,914 to €6,046
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 | €160,854 | €174,169 | +€13,315 | +8.3% |
| Fixed assets | 21/28 | €68,652 | €52,399 | -€16,253 | -23.7% |
| Tangible fixed assets | 22/27 | €68,516 | €52,263 | -€16,253 | -23.7% |
| Plant, machinery and equipment | 23 | €4,639 | €3,527 | -€1,112 | -24.0% |
| Furniture and vehicles | 24 | €62,877 | €48,736 | -€14,141 | -22.5% |
| Other tangible fixed assets | 26 | €1,000 | - | -€1,000 | |
| Financial fixed assets | 28 | €136 | €136 | = | 0.0% |
| Current assets | 29/58 | €92,202 | €121,770 | +€29,568 | +32.1% |
| Amounts receivable within one year | 40/41 | €50,176 | €41,646 | -€8,530 | -17.0% |
| Trade receivables | 40 | €25,334 | €14,671 | -€10,663 | -42.1% |
| Other amounts receivable | 41 | €24,843 | €26,975 | +€2,133 | +8.6% |
| Cash at bank and in hand | 54/58 | €40,181 | €77,348 | +€37,167 | +92.5% |
| Deferred charges and accrued income | 490/1 | €1,845 | €2,777 | +€931 | +50.5% |
| Total equity and liabilities | 10/49 | €160,854 | €174,169 | +€13,315 | +8.3% |
| Equity | 10/15 | €83,866 | €95,154 | +€11,288 | +13.5% |
| Contributions | 10/11 | €8,097 | €8,097 | = | 0.0% |
| Reserves | 13 | €24,412 | €34,412 | +€10,000 | +41.0% |
| Tax-exempt reserves | 132 | €19,000 | €19,000 | = | 0.0% |
| Distributable reserves | 133 | €5,412 | €15,412 | +€10,000 | +184.8% |
| Profit (loss) carried forward | 14 | €51,356 | €52,645 | +€1,288 | +2.5% |
| Amounts payable | 17/49 | €76,988 | €79,015 | +€2,027 | +2.6% |
| Amounts payable after more than one year | 17 | €37,160 | €24,987 | -€12,172 | -32.8% |
| Financial debts | 170/4 | €37,160 | €24,987 | -€12,172 | -32.8% |
| Amounts payable within one year | 42/48 | €32,328 | €54,028 | +€21,699 | +67.1% |
| Current portion of amounts payable after more than one year | 42 | €11,615 | €12,172 | +€558 | +4.8% |
| Financial debts | 43 | €4,278 | €2,106 | -€2,172 | -50.8% |
| Credit institutions | 430/8 | €4,278 | €2,106 | -€2,172 | -50.8% |
| Trade debts | 44 | €171 | €496 | +€325 | +190.5% |
| Suppliers | 440/4 | €171 | €496 | +€325 | +190.5% |
| Taxes, remuneration and social security | 45 | €10,064 | €13,053 | +€2,988 | +29.7% |
| Taxes | 450/3 | €10,064 | €13,053 | +€2,988 | +29.7% |
| Other amounts payable | 47/48 | €6,201 | €26,201 | +€20,000 | +322.6% |
| Accrued charges and deferred income | 492/3 | €7,500 | - | -€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,009 | €17,502 | +€3,493 | +24.9% |
| Other operating charges | 640/8 | €2,832 | €927 | -€1,905 | -67.3% |
| Gross operating margin | 9900 | €48,146 | €56,370 | +€8,225 | +17.1% |
| Operating profit (loss) | 9901 | €31,305 | €37,941 | +€6,636 | +21.2% |
| Financial income | 75/76B | €1,810 | €1,699 | -€111 | -6.1% |
| Recurring financial income | 75 | €1,810 | €1,699 | -€111 | -6.1% |
| Financial charges | 65/66B | €2,846 | €2,306 | -€540 | -19.0% |
| Recurring financial charges | 65 | €2,846 | €2,306 | -€540 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €30,269 | €37,334 | +€7,065 | +23.3% |
| Income taxes | 67/77 | €6,914 | €6,046 | -€868 | -12.6% |
| Profit (loss) for the period | 9904 | €23,355 | €31,288 | +€7,933 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,355 | €31,288 | +€7,933 | +34.0% |
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.