MEDIGEN: 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.
MEDIGEN
Largest movements
- Cash +€95,975
up €95,975 (+95.5%), from €100,508 to €196,482
mainly Net result for the year (+€139,637) and Deferred charges and accrued income (+€11,133)
- Current investments +€37,439
up €37,439 (+6.1%), from €610,601 to €648,040
- Deferred charges and accrued income -€11,133
down €11,133 (-76.8%), from €14,490 to €3,357
- Reserves +€139,500
up €139,500 (+20.2%), from €689,600 to €829,100
of which Distributable reserves: +€139,500
- Purchases and services -€10,975
down €10,975 (-10.1%), from €109,116 to €98,141
- Financial income +€8,246
up €8,246 (+476648.6%), from €2 to €8,248
- Taxes -€6,667
down €6,667 (-10.5%), from €63,728 to €57,062
- Gross operating margin +€5,924
up €5,924 (+3.2%), from €186,042 to €191,966
- Turnover -€5,052
down €5,052 (-1.7%), from €295,158 to €290,107
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 | €741,318 | €877,519 | +€136,201 | +18.4% |
| Fixed assets | 21/28 | €5,350 | €11,748 | +€6,398 | +119.6% |
| Tangible fixed assets | 22/27 | €5,350 | €11,748 | +€6,398 | +119.6% |
| Furniture and vehicles | 24 | €466 | €215 | -€250 | -53.7% |
| Other tangible fixed assets | 26 | €4,884 | €11,532 | +€6,648 | +136.1% |
| Current assets | 29/58 | €735,968 | €865,771 | +€129,803 | +17.6% |
| Amounts receivable within one year | 40/41 | €10,369 | €17,891 | +€7,522 | +72.5% |
| Trade receivables | 40 | €66 | €0 | -€66 | -100.0% |
| Other amounts receivable | 41 | €10,303 | €17,891 | +€7,588 | +73.7% |
| Current investments | 50/53 | €610,601 | €648,040 | +€37,439 | +6.1% |
| Cash at bank and in hand | 54/58 | €100,508 | €196,482 | +€95,975 | +95.5% |
| Deferred charges and accrued income | 490/1 | €14,490 | €3,357 | -€11,133 | -76.8% |
| Total equity and liabilities | 10/49 | €741,318 | €877,519 | +€136,201 | +18.4% |
| Equity | 10/15 | €711,212 | €850,849 | +€139,637 | +19.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €689,600 | €829,100 | +€139,500 | +20.2% |
| Tax-exempt reserves | 132 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €682,100 | €821,600 | +€139,500 | +20.5% |
| Profit (loss) carried forward | 14 | €1,152 | €1,289 | +€137 | +11.9% |
| Amounts payable | 17/49 | €30,106 | €26,670 | -€3,436 | -11.4% |
| Amounts payable within one year | 42/48 | €30,106 | €26,670 | -€3,436 | -11.4% |
| Trade debts | 44 | €277 | €410 | +€133 | +48.2% |
| Suppliers | 440/4 | €277 | €410 | +€133 | +48.2% |
| Taxes, remuneration and social security | 45 | €29,829 | €26,260 | -€3,569 | -12.0% |
| Taxes | 450/3 | €29,829 | €26,260 | -€3,569 | -12.0% |
| Turnover | 70 | €295,158 | €290,107 | -€5,052 | -1.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €109,116 | €98,141 | -€10,975 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,486 | €2,604 | +€118 | +4.8% |
| Other operating charges | 640/8 | €717 | €730 | +€13 | +1.8% |
| Gross operating margin | 9900 | €186,042 | €191,966 | +€5,924 | +3.2% |
| Operating profit (loss) | 9901 | €182,839 | €188,632 | +€5,792 | +3.2% |
| Financial income | 75/76B | €2 | €8,248 | +€8,246 | +476648.6% |
| Recurring financial income | 75 | €2 | €8,248 | +€8,246 | +476648.6% |
| Financial charges | 65/66B | €153 | €181 | +€28 | +18.0% |
| Recurring financial charges | 65 | €153 | €181 | +€28 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €182,688 | €196,699 | +€14,011 | +7.7% |
| Income taxes | 67/77 | €63,728 | €57,062 | -€6,667 | -10.5% |
| Profit (loss) for the period | 9904 | €118,960 | €139,637 | +€20,677 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €118,960 | €139,637 | +€20,677 | +17.4% |
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.