MEDIFICE: 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.
MEDIFICE
Largest movements
- Receivables within one year -€56,403
down €56,403 (-100.0%), from €56,403 to €0
- Tangible fixed assets -€20,322
down €20,322 (-2.2%), from €942,737 to €922,416
of which Land and buildings: -€15,564
- Debts after one year -€86,600
down €86,600 (-8.8%), from €979,494 to €892,894
- Trade debts -€60,006
down €60,006 (-93.6%), from €64,088 to €4,082
- Current portion of long-term debt +€40,911
up €40,911 (+469.2%), from €8,719 to €49,630
- Profit (loss) carried forward +€29,898
up €29,898 (+52.7%), from -€56,783 to -€26,885
- Gross operating margin +€53,102
up €53,102 (+128.6%), from €41,301 to €94,403
- Depreciation +€16,746
up €16,746 (+130.2%), from €12,865 to €29,611
- Financial charges +€4,777
up €4,777 (+18.0%), from €26,526 to €31,302
- Other operating charges +€2,934
up €2,934 (+443.7%), from €661 to €3,595
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 | €1,047,000 | €965,567 | -€81,433 | -7.8% |
| Fixed assets | 21/28 | €944,637 | €922,416 | -€22,222 | -2.4% |
| Tangible fixed assets | 22/27 | €942,737 | €922,416 | -€20,322 | -2.2% |
| Land and buildings | 22 | €920,601 | €905,038 | -€15,564 | -1.7% |
| Furniture and vehicles | 24 | €22,136 | €17,378 | -€4,758 | -21.5% |
| Financial fixed assets | 28 | €1,900 | €0 | -€1,900 | -100.0% |
| Current assets | 29/58 | €102,362 | €43,151 | -€59,211 | -57.8% |
| Amounts receivable within one year | 40/41 | €56,403 | €0 | -€56,403 | -100.0% |
| Other amounts receivable | 41 | €56,403 | €0 | -€56,403 | -100.0% |
| Cash at bank and in hand | 54/58 | €44,694 | €41,890 | -€2,804 | -6.3% |
| Deferred charges and accrued income | 490/1 | €1,266 | €1,261 | -€5 | -0.4% |
| Total equity and liabilities | 10/49 | €1,047,000 | €965,567 | -€81,433 | -7.8% |
| Equity | 10/15 | -€14,783 | €15,115 | +€29,898 | |
| Contributions | 10/11 | €42,000 | €42,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,783 | -€26,885 | +€29,898 | +52.7% |
| Amounts payable | 17/49 | €1,061,783 | €950,452 | -€111,330 | -10.5% |
| Amounts payable after more than one year | 17 | €979,494 | €892,894 | -€86,600 | -8.8% |
| Financial debts | 170/4 | €979,494 | €892,894 | -€86,600 | -8.8% |
| Amounts payable within one year | 42/48 | €78,889 | €53,712 | -€25,177 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €8,719 | €49,630 | +€40,911 | +469.2% |
| Trade debts | 44 | €64,088 | €4,082 | -€60,006 | -93.6% |
| Suppliers | 440/4 | €64,088 | €4,082 | -€60,006 | -93.6% |
| Other amounts payable | 47/48 | €6,082 | €0 | -€6,082 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,400 | €3,846 | +€446 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,865 | €29,611 | +€16,746 | +130.2% |
| Other operating charges | 640/8 | €661 | €3,595 | +€2,934 | +443.7% |
| Gross operating margin | 9900 | €41,301 | €94,403 | +€53,102 | +128.6% |
| Operating profit (loss) | 9901 | €27,775 | €61,197 | +€33,422 | +120.3% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €26,526 | €31,302 | +€4,777 | +18.0% |
| Recurring financial charges | 65 | €26,526 | €31,302 | +€4,777 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €1,249 | €29,898 | +€28,649 | +2293.2% |
| Profit (loss) for the period | 9904 | €1,249 | €29,898 | +€28,649 | +2293.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,249 | €29,898 | +€28,649 | +2293.2% |
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 30 September 2026 via checked.be.