MEDICVAL: 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.
MEDICVAL
Largest movements
- Tangible fixed assets -€5,898
down €5,898 (-5.0%), from €117,252 to €111,354
of which Land and buildings: -€5,898
- Cash -€5,766
down €5,766 (-7.9%), from €73,143 to €67,377
mainly Contributions, distributions and other (-€29,006) and Debts after one year (-€19,016)
- Other debts +€27,157
new in 2025: €27,157
- Debts after one year -€19,016
down €19,016 (-18.1%), from €105,300 to €86,283
- Reserves -€16,092
down €16,092 (-30.7%), from €52,465 to €36,373
of which Distributable reserves: -€16,092
- Tax, wage and social debts -€4,060
down €4,060 (-68.7%), from €5,908 to €1,849
- Turnover -€31,200
no longer reported in 2025 (was €31,200)
- Financial charges -€878
down €878 (-12.9%), from €6,798 to €5,920
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 | €190,421 | €178,905 | -€11,516 | -6.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €117,252 | €111,354 | -€5,898 | -5.0% |
| Tangible fixed assets | 22/27 | €117,252 | €111,354 | -€5,898 | -5.0% |
| Land and buildings | 22 | €117,252 | €111,354 | -€5,898 | -5.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Current assets | 29/58 | €73,169 | €67,551 | -€5,618 | -7.7% |
| Amounts receivable within one year | 40/41 | €26 | €174 | +€148 | +568.4% |
| Other amounts receivable | 41 | €26 | €174 | +€148 | +568.4% |
| Cash at bank and in hand | 54/58 | €73,143 | €67,377 | -€5,766 | -7.9% |
| Total equity and liabilities | 10/49 | €190,421 | €178,905 | -€11,516 | -6.0% |
| Equity | 10/15 | €59,133 | €42,613 | -€16,521 | -27.9% |
| Contributions | 10/11 | €6,240 | €6,240 | = | 0.0% |
| Reserves | 13 | €52,465 | €36,373 | -€16,092 | -30.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,605 | €34,512 | -€16,092 | -31.8% |
| Profit (loss) carried forward | 14 | €429 | €0 | -€429 | -100.0% |
| Amounts payable | 17/49 | €131,287 | €136,292 | +€5,005 | +3.8% |
| Amounts payable after more than one year | 17 | €105,300 | €86,283 | -€19,016 | -18.1% |
| Financial debts | 170/4 | €105,300 | €86,283 | -€19,016 | -18.1% |
| Amounts payable within one year | 42/48 | €24,001 | €48,022 | +€24,021 | +100.1% |
| Current portion of amounts payable after more than one year | 42 | €18,093 | €19,016 | +€924 | +5.1% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €5,908 | €1,849 | -€4,060 | -68.7% |
| Taxes | 450/3 | €5,908 | €1,849 | -€4,060 | -68.7% |
| Other amounts payable | 47/48 | - | €27,157 | +€27,157 | |
| Accrued charges and deferred income | 492/3 | €1,987 | €1,987 | = | 0.0% |
| Turnover | 70 | €31,200 | - | -€31,200 | |
| Goods, raw materials, services and sundry goods | 60/61 | €992 | €1,005 | +€12 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,898 | €5,898 | = | 0.0% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €30,208 | €30,195 | -€12 | 0.0% |
| Operating profit (loss) | 9901 | €24,246 | €24,232 | -€14 | -0.1% |
| Financial charges | 65/66B | €6,798 | €5,920 | -€878 | -12.9% |
| Recurring financial charges | 65 | €6,798 | €5,920 | -€878 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €17,448 | €18,311 | +€863 | +4.9% |
| Income taxes | 67/77 | €5,908 | €5,826 | -€82 | -1.4% |
| Profit (loss) for the period | 9904 | €11,539 | €12,485 | +€946 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,539 | €12,485 | +€946 | +8.2% |
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 5 October 2026 via checked.be.