MEDIFORGE: 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.
MEDIFORGE
Largest movements
- Tangible fixed assets +€16,153
up €16,153 (+24.9%), from €64,997 to €81,150
of which Other tangible fixed assets: +€27,435
- Intangible fixed assets -€12,575
down €12,575 (-20.0%), from €62,836 to €50,261
- Deferred charges and accrued income +€3,508
up €3,508 (+145.3%), from €2,414 to €5,922
- Profit (loss) carried forward +€34,032
up €34,032 (+40.4%), from €84,266 to €118,298
- Other debts -€15,798
down €15,798 (-31.4%), from €50,251 to €34,453
- Trade debts -€10,197
down €10,197 (-72.7%), from €14,029 to €3,832
- Gross operating margin -€5,707
down €5,707 (-7.3%), from €78,316 to €72,610
- Taxes -€2,036
down €2,036 (-18.9%), from €10,792 to €8,757
- Depreciation +€1,222
up €1,222 (+4.6%), from €26,735 to €27,957
- Other operating charges -€1,204
down €1,204 (-40.7%), from €2,961 to €1,757
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 | €169,346 | €176,583 | +€7,237 | +4.3% |
| Fixed assets | 21/28 | €127,833 | €131,411 | +€3,578 | +2.8% |
| Intangible fixed assets | 21 | €62,836 | €50,261 | -€12,575 | -20.0% |
| Tangible fixed assets | 22/27 | €64,997 | €81,150 | +€16,153 | +24.9% |
| Plant, machinery and equipment | 23 | €9,920 | €8,438 | -€1,482 | -14.9% |
| Furniture and vehicles | 24 | €43,079 | €33,278 | -€9,800 | -22.7% |
| Other tangible fixed assets | 26 | €11,998 | €39,433 | +€27,435 | +228.7% |
| Current assets | 29/58 | €41,513 | €45,172 | +€3,660 | +8.8% |
| Amounts receivable within one year | 40/41 | - | €1,230 | +€1,230 | |
| Other amounts receivable | 41 | - | €1,230 | +€1,230 | |
| Cash at bank and in hand | 54/58 | €39,099 | €38,020 | -€1,078 | -2.8% |
| Deferred charges and accrued income | 490/1 | €2,414 | €5,922 | +€3,508 | +145.3% |
| Total equity and liabilities | 10/49 | €169,346 | €176,583 | +€7,237 | +4.3% |
| Equity | 10/15 | €104,266 | €138,298 | +€34,032 | +32.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,266 | €118,298 | +€34,032 | +40.4% |
| Amounts payable | 17/49 | €65,079 | €38,285 | -€26,794 | -41.2% |
| Amounts payable within one year | 42/48 | €65,079 | €38,285 | -€26,794 | -41.2% |
| Trade debts | 44 | €14,029 | €3,832 | -€10,197 | -72.7% |
| Suppliers | 440/4 | €14,029 | €3,832 | -€10,197 | -72.7% |
| Taxes, remuneration and social security | 45 | €800 | - | -€800 | |
| Taxes | 450/3 | €800 | - | -€800 | |
| Other amounts payable | 47/48 | €50,251 | €34,453 | -€15,798 | -31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,735 | €27,957 | +€1,222 | +4.6% |
| Other operating charges | 640/8 | €2,961 | €1,757 | -€1,204 | -40.7% |
| Gross operating margin | 9900 | €78,316 | €72,610 | -€5,707 | -7.3% |
| Operating profit (loss) | 9901 | €48,620 | €42,895 | -€5,724 | -11.8% |
| Financial income | 75/76B | €29 | €69 | +€39 | +134.3% |
| Recurring financial income | 75 | €29 | €69 | +€39 | +134.3% |
| Financial charges | 65/66B | €50 | €176 | +€126 | +250.8% |
| Recurring financial charges | 65 | €50 | €176 | +€126 | +250.8% |
| Profit (loss) for the period before taxes | 9903 | €48,599 | €42,788 | -€5,811 | -12.0% |
| Income taxes | 67/77 | €10,792 | €8,757 | -€2,036 | -18.9% |
| Profit (loss) for the period | 9904 | €37,807 | €34,032 | -€3,775 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,807 | €34,032 | -€3,775 | -10.0% |
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 2 October 2026 via checked.be.