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 +€46,647
up €46,647 (+19.8%), from €235,426 to €282,073
mainly Net result for the year (+€86,982) and Depreciation (+€12,893)
- Tangible fixed assets -€11,694
down €11,694 (-65.7%), from €17,792 to €6,099
of which Furniture and vehicles: -€9,437
- Reserves +€25,000
up €25,000 (+14.7%), from €170,000 to €195,000
- Tax, wage and social debts +€7,690
up €7,690 (+74.9%), from €10,271 to €17,960
- Gross operating margin -€5,977
down €5,977 (-4.4%), from €135,162 to €129,185
- Depreciation -€3,586
down €3,586 (-21.8%), from €16,479 to €12,893
- Taxes +€1,634
up €1,634 (+6.2%), from €26,387 to €28,022
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 | €264,046 | €298,754 | +€34,708 | +13.1% |
| Fixed assets | 21/28 | €17,902 | €6,209 | -€11,694 | -65.3% |
| Tangible fixed assets | 22/27 | €17,792 | €6,099 | -€11,694 | -65.7% |
| Furniture and vehicles | 24 | €10,540 | €1,104 | -€9,437 | -89.5% |
| Other tangible fixed assets | 26 | €7,252 | €4,995 | -€2,257 | -31.1% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €246,144 | €292,545 | +€46,401 | +18.9% |
| Amounts receivable within one year | 40/41 | €7,887 | €7,886 | -€2 | 0.0% |
| Trade receivables | 40 | €7,887 | €7,886 | -€2 | 0.0% |
| Cash at bank and in hand | 54/58 | €235,426 | €282,073 | +€46,647 | +19.8% |
| Deferred charges and accrued income | 490/1 | €2,831 | €2,587 | -€244 | -8.6% |
| Total equity and liabilities | 10/49 | €264,046 | €298,754 | +€34,708 | +13.1% |
| Equity | 10/15 | €188,483 | €215,465 | +€26,982 | +14.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €170,000 | €195,000 | +€25,000 | +14.7% |
| Distributable reserves | 133 | €170,000 | €195,000 | +€25,000 | +14.7% |
| Profit (loss) carried forward | 14 | €6,083 | €8,065 | +€1,982 | +32.6% |
| Amounts payable | 17/49 | €75,563 | €83,289 | +€7,726 | +10.2% |
| Amounts payable within one year | 42/48 | €75,041 | €82,652 | +€7,611 | +10.1% |
| Trade debts | 44 | €399 | €517 | +€118 | +29.5% |
| Suppliers | 440/4 | €399 | €517 | +€118 | +29.5% |
| Taxes, remuneration and social security | 45 | €10,271 | €17,960 | +€7,690 | +74.9% |
| Taxes | 450/3 | €10,271 | €17,960 | +€7,690 | +74.9% |
| Other amounts payable | 47/48 | €64,371 | €64,175 | -€196 | -0.3% |
| Accrued charges and deferred income | 492/3 | €522 | €637 | +€115 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,479 | €12,893 | -€3,586 | -21.8% |
| Other operating charges | 640/8 | €901 | €975 | +€73 | +8.1% |
| Non-recurring operating charges | 66A | €116 | €116 | = | 0.0% |
| Gross operating margin | 9900 | €135,162 | €129,185 | -€5,977 | -4.4% |
| Operating profit (loss) | 9901 | €117,665 | €115,201 | -€2,464 | -2.1% |
| Financial income | 75/76B | €1,056 | €1,107 | +€52 | +4.9% |
| Recurring financial income | 75 | €1,056 | €1,107 | +€52 | +4.9% |
| Financial charges | 65/66B | €1,732 | €1,305 | -€428 | -24.7% |
| Recurring financial charges | 65 | €1,732 | €1,305 | -€428 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €116,989 | €115,004 | -€1,985 | -1.7% |
| Income taxes | 67/77 | €26,387 | €28,022 | +€1,634 | +6.2% |
| Profit (loss) for the period | 9904 | €90,601 | €86,982 | -€3,619 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €90,601 | €86,982 | -€3,619 | -4.0% |
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 3 October 2026 via checked.be.