MEDIGEN: 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.
MEDIGEN
Largest movements
- Cash +€91,286
up €91,286 (+67.2%), from €135,880 to €227,166
mainly Other debts (+€68,483) and Net result for the year (+€51,308)
- Current investments -€36,551
down €36,551 (-40.4%), from €90,532 to €53,980
- Receivables within one year -€17,577
down €17,577 (-38.7%), from €45,432 to €27,855
- Deferred charges and accrued income +€9,559
up €9,559 (+31.1%), from €30,741 to €40,300
- Tangible fixed assets -€5,041
down €5,041 (-7.6%), from €66,714 to €61,673
of which Furniture and vehicles: -€4,226
- Other debts +€68,483
up €68,483 (+555%), from €12,350 to €80,833
- Reserves -€29,525
down €29,525 (-8.8%), from €334,727 to €305,202
of which Distributable reserves: -€28,636
- Gross operating margin -€29,638
down €29,638 (-27.0%), from €109,689 to €80,051
- Taxes -€9,553
down €9,553 (-29.2%), from €32,724 to €23,172
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 | €369,298 | €410,974 | +€41,676 | +11.3% |
| Fixed assets | 21/28 | €66,714 | €61,673 | -€5,041 | -7.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €66,714 | €61,673 | -€5,041 | -7.6% |
| Plant, machinery and equipment | 23 | €632 | €294 | -€338 | -53.5% |
| Furniture and vehicles | 24 | €15,510 | €11,284 | -€4,226 | -27.2% |
| Other tangible fixed assets | 26 | €50,572 | €50,095 | -€477 | -0.9% |
| Current assets | 29/58 | €302,584 | €349,301 | +€46,717 | +15.4% |
| Amounts receivable within one year | 40/41 | €45,432 | €27,855 | -€17,577 | -38.7% |
| Other amounts receivable | 41 | €45,432 | €27,855 | -€17,577 | -38.7% |
| Current investments | 50/53 | €90,532 | €53,980 | -€36,551 | -40.4% |
| Cash at bank and in hand | 54/58 | €135,880 | €227,166 | +€91,286 | +67.2% |
| Deferred charges and accrued income | 490/1 | €30,741 | €40,300 | +€9,559 | +31.1% |
| Total equity and liabilities | 10/49 | €369,298 | €410,974 | +€41,676 | +11.3% |
| Equity | 10/15 | €347,424 | €317,899 | -€29,525 | -8.5% |
| Contributions | 10/11 | €12,697 | €12,697 | = | 0.0% |
| Reserves | 13 | €334,727 | €305,202 | -€29,525 | -8.8% |
| Tax-exempt reserves | 132 | €889 | €0 | -€889 | -100% |
| Distributable reserves | 133 | €333,838 | €305,202 | -€28,636 | -8.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,874 | €93,075 | +€71,201 | +326% |
| Amounts payable within one year | 42/48 | €21,874 | €93,075 | +€71,201 | +326% |
| Financial debts | 43 | €230 | €83 | -€147 | -63.8% |
| Credit institutions | 430/8 | €230 | €83 | -€147 | -63.8% |
| Trade debts | 44 | €2,518 | €6,056 | +€3,538 | +140% |
| Suppliers | 440/4 | €2,518 | €6,056 | +€3,538 | +140% |
| Taxes, remuneration and social security | 45 | €6,775 | €6,102 | -€673 | -9.9% |
| Taxes | 450/3 | €6,775 | €6,102 | -€673 | -9.9% |
| Other amounts payable | 47/48 | €12,350 | €80,833 | +€68,483 | +555% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,473 | €5,041 | +€568 | +12.7% |
| Other operating charges | 640/8 | €1,542 | €1,173 | -€369 | -23.9% |
| Gross operating margin | 9900 | €109,689 | €80,051 | -€29,638 | -27.0% |
| Operating profit (loss) | 9901 | €103,674 | €73,837 | -€29,837 | -28.8% |
| Financial income | 75/76B | €3,188 | €2,548 | -€640 | -20.1% |
| Recurring financial income | 75 | €3,188 | €2,548 | -€640 | -20.1% |
| Financial charges | 65/66B | €1,183 | €1,905 | +€722 | +61.0% |
| Recurring financial charges | 65 | €1,183 | €1,905 | +€722 | +61.0% |
| Profit (loss) for the period before taxes | 9903 | €105,679 | €74,480 | -€31,199 | -29.5% |
| Income taxes | 67/77 | €32,724 | €23,172 | -€9,553 | -29.2% |
| Profit (loss) for the period | 9904 | €72,955 | €51,308 | -€21,647 | -29.7% |
| Transfer from tax-exempt reserves | 789 | - | €889 | +€889 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,955 | €52,197 | -€20,758 | -28.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.