MEDIGREX: 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.
MEDIGREX
Largest movements
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash +€83,486
up €83,486 (+25.2%), from €331,448 to €414,934
mainly Net result for the year (+€198,059) and Current investments (+€100,000)
- Stocks and contracts +€41,624
up €41,624 (+13.5%), from €308,249 to €349,874
- Receivables within one year +€27,541
up €27,541 (+17.8%), from €154,679 to €182,221
of which Trade receivables: +€17,736
- Tangible fixed assets -€16,339
down €16,339 (-6.7%), from €243,043 to €226,703
of which Furniture and vehicles: -€14,236
- Reserves +€198,059
up €198,059 (+72.0%), from €274,993 to €473,052
of which Distributable reserves: +€198,059
- Other debts -€190,126
down €190,126 (-29.2%), from €650,064 to €459,938
- Trade debts +€46,383
up €46,383 (+48.5%), from €95,724 to €142,107
- Tax, wage and social debts -€14,123
down €14,123 (-24.9%), from €56,833 to €42,710
of which Taxes: -€13,903
- Staff costs +€52,392
up €52,392 (+21.2%), from €247,065 to €299,457
- Gross operating margin +€16,467
up €16,467 (+2.8%), from €586,978 to €603,444
- Taxes -€6,150
down €6,150 (-8.2%), from €75,299 to €69,149
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 | €1,145,952 | €1,183,066 | +€37,114 | +3.2% |
| Fixed assets | 21/28 | €243,043 | €226,703 | -€16,339 | -6.7% |
| Tangible fixed assets | 22/27 | €243,043 | €226,703 | -€16,339 | -6.7% |
| Land and buildings | 22 | €153,633 | €145,494 | -€8,138 | -5.3% |
| Plant, machinery and equipment | 23 | €31,119 | €37,153 | +€6,035 | +19.4% |
| Furniture and vehicles | 24 | €58,291 | €44,055 | -€14,236 | -24.4% |
| Current assets | 29/58 | €902,909 | €956,363 | +€53,454 | +5.9% |
| Stocks and contracts in progress | 3 | €308,249 | €349,874 | +€41,624 | +13.5% |
| Stocks | 30/36 | €308,249 | €349,874 | +€41,624 | +13.5% |
| Amounts receivable within one year | 40/41 | €154,679 | €182,221 | +€27,541 | +17.8% |
| Trade receivables | 40 | €150,744 | €168,480 | +€17,736 | +11.8% |
| Other amounts receivable | 41 | €3,935 | €13,740 | +€9,805 | +249.2% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €331,448 | €414,934 | +€83,486 | +25.2% |
| Deferred charges and accrued income | 490/1 | €8,532 | €9,335 | +€802 | +9.4% |
| Total equity and liabilities | 10/49 | €1,145,952 | €1,183,066 | +€37,114 | +3.2% |
| Equity | 10/15 | €336,993 | €535,052 | +€198,059 | +58.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €274,993 | €473,052 | +€198,059 | +72.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €268,793 | €466,852 | +€198,059 | +73.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €808,958 | €648,014 | -€160,944 | -19.9% |
| Amounts payable within one year | 42/48 | €802,621 | €644,755 | -€157,866 | -19.7% |
| Trade debts | 44 | €95,724 | €142,107 | +€46,383 | +48.5% |
| Suppliers | 440/4 | €95,724 | €142,107 | +€46,383 | +48.5% |
| Taxes, remuneration and social security | 45 | €56,833 | €42,710 | -€14,123 | -24.9% |
| Taxes | 450/3 | €15,299 | €1,397 | -€13,903 | -90.9% |
| Remuneration and social security | 454/9 | €41,533 | €41,313 | -€220 | -0.5% |
| Other amounts payable | 47/48 | €650,064 | €459,938 | -€190,126 | -29.2% |
| Accrued charges and deferred income | 492/3 | €6,338 | €3,259 | -€3,078 | -48.6% |
| Remuneration, social security and pensions | 62 | €247,065 | €299,457 | +€52,392 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,681 | €30,904 | -€4,777 | -13.4% |
| Other operating charges | 640/8 | €467 | €488 | +€21 | +4.5% |
| Gross operating margin | 9900 | €586,978 | €603,444 | +€16,467 | +2.8% |
| Operating profit (loss) | 9901 | €303,764 | €272,596 | -€31,169 | -10.3% |
| Financial income | 75/76B | - | €1,621 | +€1,621 | |
| Recurring financial income | 75 | - | €1,621 | +€1,621 | |
| Financial charges | 65/66B | €10,350 | €7,009 | -€3,341 | -32.3% |
| Recurring financial charges | 65 | €10,350 | €7,009 | -€3,341 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €293,414 | €267,208 | -€26,207 | -8.9% |
| Income taxes | 67/77 | €75,299 | €69,149 | -€6,150 | -8.2% |
| Profit (loss) for the period | 9904 | €218,115 | €198,059 | -€20,056 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €218,115 | €198,059 | -€20,056 | -9.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.