MEDIGHYS: 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.
MEDIGHYS
Largest movements
- Cash -€77,600
down €77,600 (-45.5%), from €170,562 to €92,962
mainly Other debts (-€285,000) and Debts after one year (-€58,352)
- Tangible fixed assets -€36,605
down €36,605 (-5.3%), from €693,335 to €656,730
of which Land and buildings: -€24,279
- Deferred charges and accrued income +€32,444
up €32,444 (+54.7%), from €59,278 to €91,722
- Intangible fixed assets -€9,829
no longer reported in 2025 (was €9,829)
- Other debts -€285,000
down €285,000 (-95.0%), from €300,000 to €15,000
- Profit (loss) carried forward +€132,167
up €132,167 (+51.2%), from €258,053 to €390,220
- Reserves +€130,510
up €130,510 (+7,017%), from €1,860 to €132,370
of which Tax-exempt reserves: +€130,510
- Debts after one year -€58,352
down €58,352 (-19.9%), from €292,731 to €234,379
- Gross operating margin +€19,948
up €19,948 (+4.5%), from €443,482 to €463,431
- Other operating charges +€9,368
up €9,368 (+628%), from €1,491 to €10,860
- Depreciation -€6,024
down €6,024 (-6.8%), from €87,963 to €81,938
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €941,238 | €858,916 | -€82,322 | -8.7% |
| Fixed assets | 21/28 | €703,164 | €656,730 | -€46,434 | -6.6% |
| Intangible fixed assets | 21 | €9,829 | - | -€9,829 | |
| Tangible fixed assets | 22/27 | €693,335 | €656,730 | -€36,605 | -5.3% |
| Land and buildings | 22 | €656,524 | €632,246 | -€24,279 | -3.7% |
| Furniture and vehicles | 24 | €36,810 | €24,484 | -€12,326 | -33.5% |
| Current assets | 29/58 | €238,074 | €202,186 | -€35,887 | -15.1% |
| Amounts receivable within one year | 40/41 | €8,234 | €17,502 | +€9,268 | +113% |
| Trade receivables | 40 | €70 | - | -€70 | |
| Other amounts receivable | 41 | €8,164 | €17,502 | +€9,338 | +114% |
| Cash at bank and in hand | 54/58 | €170,562 | €92,962 | -€77,600 | -45.5% |
| Deferred charges and accrued income | 490/1 | €59,278 | €91,722 | +€32,444 | +54.7% |
| Total equity and liabilities | 10/49 | €941,238 | €858,916 | -€82,322 | -8.7% |
| Equity | 10/15 | €278,513 | €541,190 | +€262,677 | +94.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €132,370 | +€130,510 | +7,017% |
| Tax-exempt reserves | 132 | - | €130,510 | +€130,510 | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €258,053 | €390,220 | +€132,167 | +51.2% |
| Amounts payable | 17/49 | €662,725 | €317,726 | -€344,999 | -52.1% |
| Amounts payable after more than one year | 17 | €292,731 | €234,379 | -€58,352 | -19.9% |
| Financial debts | 170/4 | €292,731 | €234,379 | -€58,352 | -19.9% |
| Amounts payable within one year | 42/48 | €369,993 | €83,346 | -€286,647 | -77.5% |
| Current portion of amounts payable after more than one year | 42 | €57,303 | €58,352 | +€1,049 | +1.8% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €12,690 | €9,594 | -€3,096 | -24.4% |
| Taxes | 450/3 | €12,690 | €9,594 | -€3,096 | -24.4% |
| Other amounts payable | 47/48 | €300,000 | €15,000 | -€285,000 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,963 | €81,938 | -€6,024 | -6.8% |
| Other operating charges | 640/8 | €1,491 | €10,860 | +€9,368 | +628% |
| Gross operating margin | 9900 | €443,482 | €463,431 | +€19,948 | +4.5% |
| Operating profit (loss) | 9901 | €354,028 | €370,633 | +€16,604 | +4.7% |
| Financial income | 75/76B | - | €675 | +€675 | |
| Recurring financial income | 75 | - | €675 | +€675 | |
| Financial charges | 65/66B | €6,921 | €5,886 | -€1,035 | -15.0% |
| Recurring financial charges | 65 | €6,921 | €5,886 | -€1,035 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €347,107 | €365,422 | +€18,315 | +5.3% |
| Income taxes | 67/77 | €84,840 | €87,744 | +€2,904 | +3.4% |
| Profit (loss) for the period | 9904 | €262,266 | €277,677 | +€15,411 | +5.9% |
| Transfer to tax-exempt reserves | 689 | - | €130,510 | +€130,510 | |
| Profit (loss) for the period to be appropriated | 9905 | €262,266 | €147,167 | -€115,099 | -43.9% |
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 18 October 2026 via checked.be.