MEDIGHOSN: 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.
MEDIGHOSN
Largest movements
- Tangible fixed assets +€155,346
up €155,346 (+18.1%), from €858,633 to €1.0m
of which Land and buildings: +€175,920
- Cash -€56,056
down €56,056 (-19.8%), from €282,471 to €226,415
mainly Investment in fixed assets (net) (-€215,065) and Contributions, distributions and other (-€92,292)
- Receivables within one year -€49,308
down €49,308 (-100%), from €49,308 to €0
of which Other amounts receivable: -€48,088
- Receivables after one year -€34,029
down €34,029 (-29.6%), from €114,869 to €80,840
- Reserves +€74,399
up €74,399 (+11.3%), from €657,127 to €731,527
of which Distributable reserves: +€74,399
- Debts after one year -€45,652
down €45,652 (-12.1%), from €376,856 to €331,203
- Other operating charges -€85,154
down €85,154 (-93.0%), from €91,540 to €6,385
- Gross operating margin +€68,288
up €68,288 (+26.6%), from €256,804 to €325,092
- Turnover +€67,928
up €67,928 (+13.8%), from €493,364 to €561,292
- Taxes +€49,925
up €49,925 (+156%), from €31,912 to €81,837
- Depreciation +€13,485
up €13,485 (+29.2%), from €46,234 to €59,719
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 | €1,309,934 | €1,327,400 | +€17,466 | +1.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €858,633 | €1,013,979 | +€155,346 | +18.1% |
| Tangible fixed assets | 22/27 | €858,633 | €1,013,979 | +€155,346 | +18.1% |
| Land and buildings | 22 | €800,054 | €975,974 | +€175,920 | +22.0% |
| Furniture and vehicles | 24 | €58,579 | €38,005 | -€20,574 | -35.1% |
| Current assets | 29/58 | €451,301 | €313,421 | -€137,880 | -30.6% |
| Amounts receivable after more than one year | 29 | €114,869 | €80,840 | -€34,029 | -29.6% |
| Trade receivables | 290 | €114,869 | €80,840 | -€34,029 | -29.6% |
| Amounts receivable within one year | 40/41 | €49,308 | €0 | -€49,308 | -100% |
| Trade receivables | 40 | €1,220 | €0 | -€1,220 | -100% |
| Other amounts receivable | 41 | €48,088 | €0 | -€48,088 | -100% |
| Cash at bank and in hand | 54/58 | €282,471 | €226,415 | -€56,056 | -19.8% |
| Deferred charges and accrued income | 490/1 | €4,654 | €6,166 | +€1,512 | +32.5% |
| Total equity and liabilities | 10/49 | €1,309,934 | €1,327,400 | +€17,466 | +1.3% |
| Equity | 10/15 | €722,904 | €797,303 | +€74,399 | +10.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €657,127 | €731,527 | +€74,399 | +11.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €655,267 | €729,667 | +€74,399 | +11.4% |
| Profit (loss) carried forward | 14 | €53,377 | €53,377 | = | 0.0% |
| Amounts payable | 17/49 | €587,030 | €530,097 | -€56,934 | -9.7% |
| Amounts payable after more than one year | 17 | €376,856 | €331,203 | -€45,652 | -12.1% |
| Financial debts | 170/4 | €376,856 | €331,203 | -€45,652 | -12.1% |
| Amounts payable within one year | 42/48 | €210,174 | €198,893 | -€11,281 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €78,974 | €65,965 | -€13,010 | -16.5% |
| Trade debts | 44 | €4,021 | €13,512 | +€9,491 | +236% |
| Suppliers | 440/4 | €4,021 | €13,512 | +€9,491 | +236% |
| Taxes, remuneration and social security | 45 | €16,656 | €22,019 | +€5,363 | +32.2% |
| Taxes | 450/3 | €12,756 | €22,019 | +€9,263 | +72.6% |
| Remuneration and social security | 454/9 | €3,900 | €0 | -€3,900 | -100% |
| Other amounts payable | 47/48 | €110,524 | €97,398 | -€13,125 | -11.9% |
| Turnover | 70 | €493,364 | €561,292 | +€67,928 | +13.8% |
| Non-recurring operating income | 76A | €10,000 | - | -€10,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €255,131 | €261,680 | +€6,549 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,234 | €59,719 | +€13,485 | +29.2% |
| Other operating charges | 640/8 | €91,540 | €6,385 | -€85,154 | -93.0% |
| Non-recurring operating charges | 66A | €286 | €127 | -€159 | -55.7% |
| Gross operating margin | 9900 | €256,804 | €325,092 | +€68,288 | +26.6% |
| Operating profit (loss) | 9901 | €118,744 | €258,861 | +€140,117 | +118% |
| Financial income | 75/76B | €14,240 | €4,459 | -€9,781 | -68.7% |
| Recurring financial income | 75 | €14,240 | €4,459 | -€9,781 | -68.7% |
| Financial charges | 65/66B | €19,541 | €14,792 | -€4,749 | -24.3% |
| Recurring financial charges | 65 | €19,541 | €14,792 | -€4,749 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €113,443 | €248,528 | +€135,085 | +119% |
| Income taxes | 67/77 | €31,912 | €81,837 | +€49,925 | +156% |
| Profit (loss) for the period | 9904 | €81,531 | €166,691 | +€85,160 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €81,531 | €166,691 | +€85,160 | +104% |
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 28 October 2026 via checked.be.