MEDIKOEUNE: 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.
MEDIKOEUNE
Largest movements
- Cash -€48,688
down €48,688 (-32.7%), from €149,029 to €100,340
mainly Investment in fixed assets (net) (-€90,827) and Contributions, distributions and other (-€57,063)
- Tangible fixed assets +€32,820
up €32,820 (+187%), from €17,525 to €50,345
of which Furniture and vehicles: +€31,085
- Receivables within one year -€7,232
down €7,232 (-90.3%), from €8,009 to €777
of which Other amounts receivable: -€4,032
- Intangible fixed assets -€3,678
down €3,678 (-2.5%), from €145,769 to €142,091
- Reserves -€17,360
down €17,360 (-6.0%), from €289,643 to €272,284
of which Distributable reserves: -€17,360
- Current portion of long-term debt -€4,847
no longer reported in 2025 (was €4,847)
- Trade debts -€4,577
down €4,577 (-95.0%), from €4,820 to €243
- Gross operating margin +€16,605
up €16,605 (+16.4%), from €101,550 to €118,155
- Depreciation +€9,147
up €9,147 (+17.4%), from €52,538 to €61,685
- Financial income -€4,001
down €4,001 (-99.9%), from €4,005 to €4
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 | €324,780 | €300,345 | -€24,434 | -7.5% |
| Fixed assets | 21/28 | €163,294 | €192,436 | +€29,142 | +17.8% |
| Intangible fixed assets | 21 | €145,769 | €142,091 | -€3,678 | -2.5% |
| Tangible fixed assets | 22/27 | €17,525 | €50,345 | +€32,820 | +187% |
| Plant, machinery and equipment | 23 | €1,567 | €4,344 | +€2,777 | +177% |
| Furniture and vehicles | 24 | €5,773 | €36,858 | +€31,085 | +538% |
| Other tangible fixed assets | 26 | €10,185 | €9,143 | -€1,042 | -10.2% |
| Current assets | 29/58 | €161,485 | €107,909 | -€53,576 | -33.2% |
| Amounts receivable within one year | 40/41 | €8,009 | €777 | -€7,232 | -90.3% |
| Trade receivables | 40 | €3,200 | - | -€3,200 | |
| Other amounts receivable | 41 | €4,809 | €777 | -€4,032 | -83.8% |
| Cash at bank and in hand | 54/58 | €149,029 | €100,340 | -€48,688 | -32.7% |
| Deferred charges and accrued income | 490/1 | €4,448 | €6,792 | +€2,344 | +52.7% |
| Total equity and liabilities | 10/49 | €324,780 | €300,345 | -€24,434 | -7.5% |
| Equity | 10/15 | €308,243 | €290,884 | -€17,360 | -5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €289,643 | €272,284 | -€17,360 | -6.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €287,783 | €270,424 | -€17,360 | -6.0% |
| Amounts payable | 17/49 | €16,536 | €9,462 | -€7,074 | -42.8% |
| Amounts payable within one year | 42/48 | €16,536 | €9,462 | -€7,074 | -42.8% |
| Current portion of amounts payable after more than one year | 42 | €4,847 | - | -€4,847 | |
| Trade debts | 44 | €4,820 | €243 | -€4,577 | -95.0% |
| Suppliers | 440/4 | €4,820 | €243 | -€4,577 | -95.0% |
| Taxes, remuneration and social security | 45 | €2,308 | €2,254 | -€54 | -2.3% |
| Taxes | 450/3 | €2,308 | €2,254 | -€54 | -2.3% |
| Other amounts payable | 47/48 | €4,562 | €6,965 | +€2,403 | +52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,538 | €61,685 | +€9,147 | +17.4% |
| Other operating charges | 640/8 | €725 | €764 | +€39 | +5.3% |
| Gross operating margin | 9900 | €101,550 | €118,155 | +€16,605 | +16.4% |
| Operating profit (loss) | 9901 | €48,287 | €55,707 | +€7,420 | +15.4% |
| Financial income | 75/76B | €4,005 | €4 | -€4,001 | -99.9% |
| Recurring financial income | 75 | €4,005 | €4 | -€4,001 | -99.9% |
| Financial charges | 65/66B | €597 | €785 | +€188 | +31.4% |
| Recurring financial charges | 65 | €597 | €785 | +€188 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €51,695 | €54,926 | +€3,231 | +6.3% |
| Income taxes | 67/77 | €16,218 | €15,223 | -€995 | -6.1% |
| Profit (loss) for the period | 9904 | €35,477 | €39,703 | +€4,226 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,477 | €39,703 | +€4,226 | +11.9% |
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 20 October 2026 via checked.be.