MEDIHART: what changed
MEDIHART
Largest movements
- Current investments +€101,605
up €101,605 (+114%), from €89,168 to €190,773
- Cash -€47,492
down €47,492 (-57.9%), from €82,055 to €34,562
mainly Current investments (-€101,605) and Contributions, distributions and other (-€17,236)
- Tangible fixed assets -€24,698
down €24,698 (-21.2%), from €116,527 to €91,829
of which Land and buildings: -€17,358
- Reserves +€52,206
up €52,206 (+23.9%), from €218,882 to €271,088
- Tax, wage and social debts -€11,556
down €11,556 (-54.9%), from €21,059 to €9,504
of which Taxes: -€13,154
- Debts after one year -€10,237
down €10,237 (-37.1%), from €27,589 to €17,352
- Staff costs +€10,154
up €10,154 (+22.5%), from €45,208 to €55,362
- Taxes -€3,456
down €3,456 (-9.5%), from €36,324 to €32,868
- Financial income +€2,747
up €2,747 (+46,884%), from €6 to €2,753
- Depreciation +€2,062
up €2,062 (+7.6%), from €27,086 to €29,148
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €291,233 | €322,474 | +€31,241 | +10.7% |
| Fixed assets | 21/28 | €116,527 | €91,829 | -€24,698 | -21.2% |
| Tangible fixed assets | 22/27 | €116,527 | €91,829 | -€24,698 | -21.2% |
| Land and buildings | 22 | €85,021 | €67,663 | -€17,358 | -20.4% |
| Plant, machinery and equipment | 23 | €15,755 | €11,467 | -€4,288 | -27.2% |
| Furniture and vehicles | 24 | €15,752 | €12,699 | -€3,053 | -19.4% |
| Current assets | 29/58 | €174,706 | €230,645 | +€55,939 | +32.0% |
| Amounts receivable within one year | 40/41 | - | €217 | +€217 | |
| Trade receivables | 40 | - | €217 | +€217 | |
| Current investments | 50/53 | €89,168 | €190,773 | +€101,605 | +114% |
| Cash at bank and in hand | 54/58 | €82,055 | €34,562 | -€47,492 | -57.9% |
| Deferred charges and accrued income | 490/1 | €3,483 | €5,093 | +€1,610 | +46.2% |
| Total equity and liabilities | 10/49 | €291,233 | €322,474 | +€31,241 | +10.7% |
| Equity | 10/15 | €221,282 | €273,488 | +€52,206 | +23.6% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €218,882 | €271,088 | +€52,206 | +23.9% |
| Distributable reserves | 133 | €218,882 | €271,088 | +€52,206 | +23.9% |
| Amounts payable | 17/49 | €69,951 | €48,986 | -€20,965 | -30.0% |
| Amounts payable after more than one year | 17 | €27,589 | €17,352 | -€10,237 | -37.1% |
| Financial debts | 170/4 | €27,589 | €17,352 | -€10,237 | -37.1% |
| Amounts payable within one year | 42/48 | €42,362 | €31,499 | -€10,863 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €10,061 | €10,237 | +€176 | +1.7% |
| Trade debts | 44 | €760 | - | -€760 | |
| Suppliers | 440/4 | €760 | - | -€760 | |
| Taxes, remuneration and social security | 45 | €21,059 | €9,504 | -€11,556 | -54.9% |
| Taxes | 450/3 | €15,074 | €1,920 | -€13,154 | -87.3% |
| Remuneration and social security | 454/9 | €5,986 | €7,584 | +€1,598 | +26.7% |
| Other amounts payable | 47/48 | €10,481 | €11,758 | +€1,277 | +12.2% |
| Accrued charges and deferred income | 492/3 | - | €135 | +€135 | |
| Remuneration, social security and pensions | 62 | €45,208 | €55,362 | +€10,154 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,086 | €29,148 | +€2,062 | +7.6% |
| Other operating charges | 640/8 | €2,878 | €2,644 | -€234 | -8.1% |
| Gross operating margin | 9900 | €189,709 | €189,342 | -€367 | -0.2% |
| Operating profit (loss) | 9901 | €114,538 | €102,188 | -€12,350 | -10.8% |
| Financial income | 75/76B | €6 | €2,753 | +€2,747 | +46,884% |
| Recurring financial income | 75 | €6 | €2,753 | +€2,747 | +46,884% |
| Financial charges | 65/66B | €3,028 | €2,631 | -€397 | -13.1% |
| Recurring financial charges | 65 | €3,028 | €2,631 | -€397 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €111,515 | €102,310 | -€9,205 | -8.3% |
| Income taxes | 67/77 | €36,324 | €32,868 | -€3,456 | -9.5% |
| Profit (loss) for the period | 9904 | €75,191 | €69,442 | -€5,749 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €75,191 | €69,442 | -€5,749 | -7.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.