MEDIKEMOS: 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.
MEDIKEMOS
Largest movements
- Tangible fixed assets -€107,183
down €107,183 (-7.9%), from €1.4m to €1.3m
of which Land and buildings: -€94,224
- Receivables within one year -€42,576
down €42,576 (-65.6%), from €64,876 to €22,300
of which Other amounts receivable: -€44,322
- Deferred charges and accrued income +€18,416
up €18,416 (+1466.5%), from €1,256 to €19,672
- Debts after one year -€126,077
down €126,077 (-21.0%), from €599,406 to €473,329
- Current portion of long-term debt -€77,231
down €77,231 (-38.0%), from €203,308 to €126,077
- Reserves +€75,511
up €75,511 (+29.8%), from €253,358 to €328,869
of which Distributable reserves: +€75,511
- Other debts +€25,769
up €25,769 (+37.0%), from €69,691 to €95,460
- Gross operating margin -€128,820
down €128,820 (-18.4%), from €701,932 to €573,112
- Staff costs -€66,104
down €66,104 (-21.4%), from €309,110 to €243,006
- Financial charges -€38,992
down €38,992 (-30.7%), from €126,878 to €87,885
- Taxes +€22,731
up €22,731 (+106.4%), from €21,371 to €44,103
- Depreciation -€7,427
down €7,427 (-6.3%), from €117,593 to €110,166
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 | €1,469,834 | €1,350,126 | -€119,707 | -8.1% |
| Fixed assets | 21/28 | €1,403,702 | €1,301,499 | -€102,204 | -7.3% |
| Intangible fixed assets | 21 | - | €4,479 | +€4,479 | |
| Tangible fixed assets | 22/27 | €1,361,871 | €1,254,688 | -€107,183 | -7.9% |
| Land and buildings | 22 | €1,299,613 | €1,205,389 | -€94,224 | -7.3% |
| Plant, machinery and equipment | 23 | €3,084 | €31,247 | +€28,163 | +913.1% |
| Furniture and vehicles | 24 | €37,381 | €1,779 | -€35,602 | -95.2% |
| Leasing and similar rights | 25 | €152 | €101 | -€51 | -33.3% |
| Other tangible fixed assets | 26 | €21,640 | €16,172 | -€5,469 | -25.3% |
| Financial fixed assets | 28 | €41,831 | €42,331 | +€500 | +1.2% |
| Current assets | 29/58 | €66,131 | €48,628 | -€17,504 | -26.5% |
| Amounts receivable within one year | 40/41 | €64,876 | €22,300 | -€42,576 | -65.6% |
| Trade receivables | 40 | €20,553 | €22,300 | +€1,747 | +8.5% |
| Other amounts receivable | 41 | €44,322 | - | -€44,322 | |
| Cash at bank and in hand | 54/58 | €0 | €6,656 | +€6,656 | |
| Deferred charges and accrued income | 490/1 | €1,256 | €19,672 | +€18,416 | +1466.5% |
| Total equity and liabilities | 10/49 | €1,469,834 | €1,350,126 | -€119,707 | -8.1% |
| Equity | 10/15 | €431,730 | €507,241 | +€75,511 | +17.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €253,358 | €328,869 | +€75,511 | +29.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €251,358 | €326,869 | +€75,511 | +30.0% |
| Profit (loss) carried forward | 14 | €158,372 | €158,372 | = | 0.0% |
| Amounts payable | 17/49 | €1,038,104 | €842,885 | -€195,218 | -18.8% |
| Amounts payable after more than one year | 17 | €599,406 | €473,329 | -€126,077 | -21.0% |
| Financial debts | 170/4 | €599,406 | €473,329 | -€126,077 | -21.0% |
| Amounts payable within one year | 42/48 | €438,698 | €369,556 | -€69,141 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €203,308 | €126,077 | -€77,231 | -38.0% |
| Financial debts | 43 | €2,791 | - | -€2,791 | |
| Credit institutions | 430/8 | €2,791 | - | -€2,791 | |
| Trade debts | 44 | €33,050 | €21,467 | -€11,583 | -35.0% |
| Suppliers | 440/4 | €33,050 | €21,467 | -€11,583 | -35.0% |
| Taxes, remuneration and social security | 45 | €129,859 | €126,553 | -€3,306 | -2.5% |
| Taxes | 450/3 | €79,951 | €89,883 | +€9,932 | +12.4% |
| Remuneration and social security | 454/9 | €49,908 | €36,669 | -€13,238 | -26.5% |
| Other amounts payable | 47/48 | €69,691 | €95,460 | +€25,769 | +37.0% |
| Remuneration, social security and pensions | 62 | €309,110 | €243,006 | -€66,104 | -21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,593 | €110,166 | -€7,427 | -6.3% |
| Other operating charges | 640/8 | €16,351 | €12,502 | -€3,849 | -23.5% |
| Gross operating margin | 9900 | €701,932 | €573,112 | -€128,820 | -18.4% |
| Operating profit (loss) | 9901 | €258,878 | €207,439 | -€51,439 | -19.9% |
| Financial income | 75/76B | €228 | €60 | -€169 | -73.8% |
| Recurring financial income | 75 | €228 | €60 | -€169 | -73.8% |
| Financial charges | 65/66B | €126,878 | €87,885 | -€38,992 | -30.7% |
| Recurring financial charges | 65 | €126,878 | €87,885 | -€38,992 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €132,229 | €119,613 | -€12,616 | -9.5% |
| Income taxes | 67/77 | €21,371 | €44,103 | +€22,731 | +106.4% |
| Profit (loss) for the period | 9904 | €110,858 | €75,511 | -€35,347 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €110,858 | €75,511 | -€35,347 | -31.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.