Medikarim: 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.
Medikarim
Largest movements
- Receivables within one year +€589,309
up €589,309 (+4,212%), from €13,990 to €603,299
- Receivables after one year -€497,528
down €497,528 (-87.3%), from €570,000 to €72,472
- Cash +€42,114
up €42,114 (+51.8%), from €81,244 to €123,358
mainly Receivables after one year (+€497,528) and Net result for the year (+€150,239)
- Reserves +€150,239
up €150,239 (+26.4%), from €568,904 to €719,143
- Debts after one year -€12,491
no longer reported in 2025 (was €12,491)
- Depreciation -€11,831
down €11,831 (-62.2%), from €19,036 to €7,205
- Gross operating margin +€7,799
up €7,799 (+4.3%), from €182,814 to €190,613
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 | €674,544 | €803,849 | +€129,304 | +19.2% |
| Fixed assets | 21/28 | €8,284 | €1,167 | -€7,117 | -85.9% |
| Tangible fixed assets | 22/27 | €8,284 | €1,167 | -€7,117 | -85.9% |
| Furniture and vehicles | 24 | €8,284 | €1,167 | -€7,117 | -85.9% |
| Current assets | 29/58 | €666,260 | €802,682 | +€136,421 | +20.5% |
| Amounts receivable after more than one year | 29 | €570,000 | €72,472 | -€497,528 | -87.3% |
| Other amounts receivable | 291 | €570,000 | €72,472 | -€497,528 | -87.3% |
| Amounts receivable within one year | 40/41 | €13,990 | €603,299 | +€589,309 | +4,212% |
| Other amounts receivable | 41 | €13,990 | €603,299 | +€589,309 | +4,212% |
| Cash at bank and in hand | 54/58 | €81,244 | €123,358 | +€42,114 | +51.8% |
| Deferred charges and accrued income | 490/1 | €1,026 | €3,552 | +€2,526 | +246% |
| Total equity and liabilities | 10/49 | €674,544 | €803,849 | +€129,304 | +19.2% |
| Equity | 10/15 | €581,304 | €731,543 | +€150,239 | +25.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €568,904 | €719,143 | +€150,239 | +26.4% |
| Distributable reserves | 133 | €568,904 | €719,143 | +€150,239 | +26.4% |
| Amounts payable | 17/49 | €93,241 | €72,306 | -€20,935 | -22.5% |
| Amounts payable after more than one year | 17 | €12,491 | - | -€12,491 | |
| Financial debts | 170/4 | €12,491 | - | -€12,491 | |
| Amounts payable within one year | 42/48 | €80,749 | €72,306 | -€8,443 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €20,466 | €12,491 | -€7,975 | -39.0% |
| Trade debts | 44 | €10,186 | €9,751 | -€435 | -4.3% |
| Suppliers | 440/4 | €10,186 | €9,751 | -€435 | -4.3% |
| Taxes, remuneration and social security | 45 | €50,098 | €50,064 | -€34 | -0.1% |
| Taxes | 450/3 | €50,098 | €50,064 | -€34 | -0.1% |
| Remuneration, social security and pensions | 62 | €501 | - | -€501 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,036 | €7,205 | -€11,831 | -62.2% |
| Other operating charges | 640/8 | €387 | €1,700 | +€1,313 | +339% |
| Gross operating margin | 9900 | €182,814 | €190,613 | +€7,799 | +4.3% |
| Operating profit (loss) | 9901 | €162,890 | €181,708 | +€18,818 | +11.6% |
| Financial income | 75/76B | €16,920 | €17,136 | +€217 | +1.3% |
| Recurring financial income | 75 | €16,920 | €17,136 | +€217 | +1.3% |
| Financial charges | 65/66B | €2,928 | €2,299 | -€629 | -21.5% |
| Recurring financial charges | 65 | €2,928 | €2,299 | -€629 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €176,881 | €196,545 | +€19,664 | +11.1% |
| Income taxes | 67/77 | €47,599 | €46,306 | -€1,293 | -2.7% |
| Profit (loss) for the period | 9904 | €129,282 | €150,239 | +€20,957 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €129,282 | €150,239 | +€20,957 | +16.2% |
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 23 October 2026 via checked.be.