MEDIGROEP: 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.
MEDIGROEP
Largest movements
- Current investments +€16,081
up €16,081 (+76.5%), from €21,022 to €37,103
- Tangible fixed assets -€14,363
down €14,363 (-9.6%), from €149,510 to €135,147
of which Land and buildings: -€15,665
- Cash -€8,630
down €8,630 (-18.3%), from €47,059 to €38,429
mainly Current investments (-€16,081) and Debts after one year (-€14,155)
- Reserves +€14,441
up €14,441 (+26.8%), from €53,984 to €68,425
- Debts after one year -€14,155
down €14,155 (-12.5%), from €113,076 to €98,921
- Current portion of long-term debt -€8,225
down €8,225 (-36.8%), from €22,380 to €14,155
- Tax, wage and social debts +€3,445
up €3,445 (+36.7%), from €9,377 to €12,822
of which Taxes: +€3,445
- Gross operating margin -€15,489
down €15,489 (-24.4%), from €63,368 to €47,879
- Depreciation -€11,446
down €11,446 (-38.7%), from €29,596 to €18,150
- Taxes -€1,446
down €1,446 (-11.6%), from €12,409 to €10,963
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 | €219,293 | €213,238 | -€6,055 | -2.8% |
| Fixed assets | 21/28 | €149,600 | €135,237 | -€14,363 | -9.6% |
| Tangible fixed assets | 22/27 | €149,510 | €135,147 | -€14,363 | -9.6% |
| Land and buildings | 22 | €147,251 | €131,586 | -€15,665 | -10.6% |
| Plant, machinery and equipment | 23 | €910 | €0 | -€910 | -100% |
| Furniture and vehicles | 24 | €1,349 | €3,561 | +€2,212 | +164% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €69,693 | €78,001 | +€8,308 | +11.9% |
| Amounts receivable within one year | 40/41 | €0 | €1,316 | +€1,316 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €1,316 | +€1,316 | |
| Current investments | 50/53 | €21,022 | €37,103 | +€16,081 | +76.5% |
| Cash at bank and in hand | 54/58 | €47,059 | €38,429 | -€8,630 | -18.3% |
| Deferred charges and accrued income | 490/1 | €1,612 | €1,153 | -€459 | -28.5% |
| Total equity and liabilities | 10/49 | €219,293 | €213,238 | -€6,055 | -2.8% |
| Equity | 10/15 | €72,584 | €87,025 | +€14,441 | +19.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,984 | €68,425 | +€14,441 | +26.8% |
| Distributable reserves | 133 | €53,984 | €68,425 | +€14,441 | +26.8% |
| Amounts payable | 17/49 | €146,709 | €126,213 | -€20,497 | -14.0% |
| Amounts payable after more than one year | 17 | €113,076 | €98,921 | -€14,155 | -12.5% |
| Financial debts | 170/4 | €113,076 | €98,921 | -€14,155 | -12.5% |
| Amounts payable within one year | 42/48 | €33,633 | €27,292 | -€6,341 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €22,380 | €14,155 | -€8,225 | -36.8% |
| Trade debts | 44 | €318 | €315 | -€3 | -1.0% |
| Suppliers | 440/4 | €318 | €315 | -€3 | -1.0% |
| Taxes, remuneration and social security | 45 | €9,377 | €12,822 | +€3,445 | +36.7% |
| Taxes | 450/3 | €8,427 | €11,872 | +€3,445 | +40.9% |
| Remuneration and social security | 454/9 | €950 | €950 | = | 0.0% |
| Other amounts payable | 47/48 | €1,558 | €0 | -€1,558 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,596 | €18,150 | -€11,446 | -38.7% |
| Other operating charges | 640/8 | €2,125 | €2,320 | +€195 | +9.2% |
| Gross operating margin | 9900 | €63,368 | €47,879 | -€15,489 | -24.4% |
| Operating profit (loss) | 9901 | €31,648 | €27,409 | -€4,239 | -13.4% |
| Financial income | 75/76B | €133 | €400 | +€267 | +201% |
| Recurring financial income | 75 | €133 | €400 | +€267 | +201% |
| Financial charges | 65/66B | €2,799 | €2,405 | -€394 | -14.1% |
| Recurring financial charges | 65 | €2,799 | €2,405 | -€394 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €28,982 | €25,405 | -€3,578 | -12.3% |
| Income taxes | 67/77 | €12,409 | €10,963 | -€1,446 | -11.6% |
| Profit (loss) for the period | 9904 | €16,574 | €14,441 | -€2,132 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,574 | €14,441 | -€2,132 | -12.9% |
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 17 October 2026 via checked.be.