MEDICUS SEMPER: 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 SEMPER
Largest movements
- Receivables within one year -€31,473
down €31,473 (-10.5%), from €301,108 to €269,635
of which Other amounts receivable: -€59,518
- Cash +€15,724
up €15,724 (+61.4%), from €25,617 to €41,341
mainly Receivables within one year (+€31,473) and Depreciation (+€8,402)
- Tangible fixed assets -€8,402
down €8,402 (-27.8%), from €30,246 to €21,844
of which Furniture and vehicles: -€8,198
- Profit (loss) carried forward -€27,694
down €27,694 (-11.5%), from €241,574 to €213,880
- Gross operating margin +€57,448
up €57,448 (+4256.4%), from €1,350 to €58,798
- Financial charges +€40,220
up €40,220 (+87.8%), from €45,810 to €86,030
- Financial income -€2,966
down €2,966 (-17.5%), from €16,930 to €13,964
- Taxes -€1,918
down €1,918 (-79.8%), from €2,403 to €485
- Other operating charges +€1,774
up €1,774 (+47.1%), from €3,766 to €5,540
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 | €358,708 | €333,818 | -€24,890 | -6.9% |
| Fixed assets | 21/28 | €30,546 | €22,144 | -€8,402 | -27.5% |
| Tangible fixed assets | 22/27 | €30,246 | €21,844 | -€8,402 | -27.8% |
| Furniture and vehicles | 24 | €28,805 | €20,607 | -€8,198 | -28.5% |
| Other tangible fixed assets | 26 | €1,441 | €1,237 | -€204 | -14.1% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €328,162 | €311,674 | -€16,489 | -5.0% |
| Amounts receivable within one year | 40/41 | €301,108 | €269,635 | -€31,473 | -10.5% |
| Trade receivables | 40 | €13,672 | €41,717 | +€28,045 | +205.1% |
| Other amounts receivable | 41 | €287,436 | €227,918 | -€59,518 | -20.7% |
| Cash at bank and in hand | 54/58 | €25,617 | €41,341 | +€15,724 | +61.4% |
| Deferred charges and accrued income | 490/1 | €1,438 | €698 | -€740 | -51.5% |
| Total equity and liabilities | 10/49 | €358,708 | €333,818 | -€24,890 | -6.9% |
| Equity | 10/15 | €249,634 | €221,940 | -€27,694 | -11.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €241,574 | €213,880 | -€27,694 | -11.5% |
| Amounts payable | 17/49 | €109,074 | €111,877 | +€2,804 | +2.6% |
| Amounts payable within one year | 42/48 | €109,074 | €111,877 | +€2,804 | +2.6% |
| Trade debts | 44 | €6,012 | €8,710 | +€2,698 | +44.9% |
| Suppliers | 440/4 | €6,012 | €8,710 | +€2,698 | +44.9% |
| Taxes, remuneration and social security | 45 | €3,061 | €3,167 | +€105 | +3.4% |
| Taxes | 450/3 | €3,061 | €3,167 | +€105 | +3.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,623 | €8,402 | +€778 | +10.2% |
| Other operating charges | 640/8 | €3,766 | €5,540 | +€1,774 | +47.1% |
| Gross operating margin | 9900 | €1,350 | €58,798 | +€57,448 | +4256.4% |
| Operating profit (loss) | 9901 | -€10,040 | €44,856 | +€54,896 | |
| Financial income | 75/76B | €16,930 | €13,964 | -€2,966 | -17.5% |
| Recurring financial income | 75 | €16,930 | €13,964 | -€2,966 | -17.5% |
| Financial charges | 65/66B | €45,810 | €86,030 | +€40,220 | +87.8% |
| Recurring financial charges | 65 | €45,810 | €86,030 | +€40,220 | +87.8% |
| Profit (loss) for the period before taxes | 9903 | -€38,920 | -€27,209 | +€11,711 | +30.1% |
| Income taxes | 67/77 | €2,403 | €485 | -€1,918 | -79.8% |
| Profit (loss) for the period | 9904 | -€41,323 | -€27,694 | +€13,629 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,323 | -€27,694 | +€13,629 | +33.0% |
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 8 October 2026 via checked.be.