MEDIFARM+: 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.
MEDIFARM+
Largest movements
- Tangible fixed assets +€203,462
up €203,462 (+34.3%), from €593,472 to €796,934
of which Plant, machinery and equipment: +€219,911
- Cash +€92,162
up €92,162 (+65.8%), from €140,154 to €232,316
mainly Trade debts (+€293,965) and Net result for the year (+€136,111)
- Intangible fixed assets -€88,957
down €88,957 (-11.1%), from €800,610 to €711,653
- Receivables within one year +€85,190
up €85,190 (+26.1%), from €326,779 to €411,970
of which Other amounts receivable: +€104,079
- Stocks and contracts +€42,539
up €42,539 (+7.7%), from €549,815 to €592,354
- Trade debts +€293,965
up €293,965 (+106%), from €276,792 to €570,757
- Debts after one year -€101,481
down €101,481 (-6.8%), from €1.5m to €1.4m
- Other debts +€80,744
up €80,744 (+31.1%), from €260,000 to €340,744
- Gross operating margin -€163,528
down €163,528 (-21.1%), from €775,204 to €611,676
- Staff costs -€99,904
down €99,904 (-23.4%), from €426,312 to €326,409
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 | €2,418,944 | €2,752,314 | +€333,370 | +13.8% |
| Fixed assets | 21/28 | €1,395,165 | €1,509,670 | +€114,505 | +8.2% |
| Intangible fixed assets | 21 | €800,610 | €711,653 | -€88,957 | -11.1% |
| Tangible fixed assets | 22/27 | €593,472 | €796,934 | +€203,462 | +34.3% |
| Land and buildings | 22 | €547,444 | €540,630 | -€6,814 | -1.2% |
| Plant, machinery and equipment | 23 | €26,515 | €246,427 | +€219,911 | +829% |
| Furniture and vehicles | 24 | €19,513 | €9,878 | -€9,635 | -49.4% |
| Financial fixed assets | 28 | €1,082 | €1,082 | = | 0.0% |
| Current assets | 29/58 | €1,023,779 | €1,242,644 | +€218,865 | +21.4% |
| Stocks and contracts in progress | 3 | €549,815 | €592,354 | +€42,539 | +7.7% |
| Stocks | 30/36 | €549,815 | €592,354 | +€42,539 | +7.7% |
| Amounts receivable within one year | 40/41 | €326,779 | €411,970 | +€85,190 | +26.1% |
| Trade receivables | 40 | €262,447 | €243,558 | -€18,889 | -7.2% |
| Other amounts receivable | 41 | €64,332 | €168,411 | +€104,079 | +162% |
| Cash at bank and in hand | 54/58 | €140,154 | €232,316 | +€92,162 | +65.8% |
| Deferred charges and accrued income | 490/1 | €7,031 | €6,005 | -€1,026 | -14.6% |
| Total equity and liabilities | 10/49 | €2,418,944 | €2,752,314 | +€333,370 | +13.8% |
| Equity | 10/15 | €235,299 | €255,409 | +€20,111 | +8.5% |
| Contributions | 10/11 | €62,358 | €62,358 | = | 0.0% |
| Reserves | 13 | €172,941 | €193,051 | +€20,111 | +11.6% |
| Non-distributable reserves | 130/1 | €6,236 | €6,236 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,236 | €6,236 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,920 | €7,920 | = | 0.0% |
| Distributable reserves | 133 | €158,785 | €178,896 | +€20,111 | +12.7% |
| Amounts payable | 17/49 | €2,183,645 | €2,496,905 | +€313,260 | +14.3% |
| Amounts payable after more than one year | 17 | €1,486,558 | €1,385,077 | -€101,481 | -6.8% |
| Financial debts | 170/4 | €1,486,558 | €1,385,077 | -€101,481 | -6.8% |
| Amounts payable within one year | 42/48 | €697,087 | €1,111,828 | +€414,741 | +59.5% |
| Current portion of amounts payable after more than one year | 42 | €99,728 | €115,316 | +€15,588 | +15.6% |
| Trade debts | 44 | €276,792 | €570,757 | +€293,965 | +106% |
| Suppliers | 440/4 | €276,792 | €570,757 | +€293,965 | +106% |
| Advances received on contracts in progress | 46 | - | €2,363 | +€2,363 | |
| Taxes, remuneration and social security | 45 | €60,567 | €82,649 | +€22,082 | +36.5% |
| Taxes | 450/3 | €15,435 | €41,764 | +€26,329 | +171% |
| Remuneration and social security | 454/9 | €45,132 | €40,884 | -€4,248 | -9.4% |
| Other amounts payable | 47/48 | €260,000 | €340,744 | +€80,744 | +31.1% |
| Remuneration, social security and pensions | 62 | €426,312 | €326,409 | -€99,904 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,195 | €117,458 | +€263 | +0.2% |
| Other operating charges | 640/8 | €2,650 | €3,194 | +€545 | +20.6% |
| Gross operating margin | 9900 | €775,204 | €611,676 | -€163,528 | -21.1% |
| Operating profit (loss) | 9901 | €229,047 | €164,615 | -€64,432 | -28.1% |
| Financial income | 75/76B | €728 | €0 | -€728 | -100.0% |
| Recurring financial income | 75 | €728 | €0 | -€728 | -100.0% |
| Financial charges | 65/66B | €31,998 | €28,479 | -€3,519 | -11.0% |
| Recurring financial charges | 65 | €31,998 | €28,479 | -€3,519 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €197,777 | €136,136 | -€61,641 | -31.2% |
| Income taxes | 67/77 | €7,668 | €25 | -€7,643 | -99.7% |
| Profit (loss) for the period | 9904 | €190,109 | €136,111 | -€53,998 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €190,109 | €136,111 | -€53,998 | -28.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.