MEDIMATH: 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.
MEDIMATH
Largest movements
- Tangible fixed assets +€29,850
up €29,850 (+27.2%), from €109,939 to €139,789
of which Furniture and vehicles: +€31,850
- Receivables within one year -€7,698
down €7,698 (-5.7%), from €135,977 to €128,279
of which Trade receivables: -€4,025
- Cash -€7,353
down €7,353 (-34.5%), from €21,340 to €13,987
mainly Investment in fixed assets (net) (-€49,887) and Contributions, distributions and other (-€44,906)
- Reserves -€27,680
down €27,680 (-11.8%), from €234,345 to €206,665
of which Distributable reserves: -€27,680
- Debts after one year +€19,417
new in 2025: €19,417
- Tax, wage and social debts +€13,900
up €13,900 (+83.2%), from €16,702 to €30,602
of which Taxes: +€10,950
- Current portion of long-term debt +€8,052
new in 2025: €8,052
- Trade debts +€3,814
up €3,814 (+298.1%), from €1,279 to €5,094
- Gross operating margin -€14,293
down €14,293 (-21.1%), from €67,790 to €53,497
- Taxes -€5,739
down €5,739 (-34.4%), from €16,702 to €10,963
- Depreciation +€5,306
up €5,306 (+35.2%), from €15,095 to €20,400
- Financial charges +€1,121
up €1,121 (+366.9%), from €306 to €1,427
- Financial income +€1,072
new in 2025: €1,072
of which Non-recurring financial income: +€1,000
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 | €268,199 | €282,229 | +€14,030 | +5.2% |
| Fixed assets | 21/28 | €110,302 | €139,789 | +€29,487 | +26.7% |
| Tangible fixed assets | 22/27 | €109,939 | €139,789 | +€29,850 | +27.2% |
| Land and buildings | 22 | €36,000 | €36,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €2,504 | +€2,504 | |
| Furniture and vehicles | 24 | €16,010 | €47,861 | +€31,850 | +198.9% |
| Other tangible fixed assets | 26 | €57,928 | €53,423 | -€4,505 | -7.8% |
| Financial fixed assets | 28 | €363 | - | -€363 | |
| Current assets | 29/58 | €157,897 | €142,441 | -€15,457 | -9.8% |
| Amounts receivable within one year | 40/41 | €135,977 | €128,279 | -€7,698 | -5.7% |
| Trade receivables | 40 | €4,025 | - | -€4,025 | |
| Other amounts receivable | 41 | €131,952 | €128,279 | -€3,673 | -2.8% |
| Cash at bank and in hand | 54/58 | €21,340 | €13,987 | -€7,353 | -34.5% |
| Deferred charges and accrued income | 490/1 | €580 | €175 | -€405 | -69.9% |
| Total equity and liabilities | 10/49 | €268,199 | €282,229 | +€14,030 | +5.2% |
| Equity | 10/15 | €246,745 | €219,065 | -€27,680 | -11.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €234,345 | €206,665 | -€27,680 | -11.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €232,485 | €204,805 | -€27,680 | -11.9% |
| Amounts payable | 17/49 | €21,454 | €63,165 | +€41,710 | +194.4% |
| Amounts payable after more than one year | 17 | - | €19,417 | +€19,417 | |
| Financial debts | 170/4 | - | €19,417 | +€19,417 | |
| Amounts payable within one year | 42/48 | €17,981 | €43,747 | +€25,766 | +143.3% |
| Current portion of amounts payable after more than one year | 42 | - | €8,052 | +€8,052 | |
| Trade debts | 44 | €1,279 | €5,094 | +€3,814 | +298.1% |
| Suppliers | 440/4 | €1,279 | €5,094 | +€3,814 | +298.1% |
| Taxes, remuneration and social security | 45 | €16,702 | €30,602 | +€13,900 | +83.2% |
| Taxes | 450/3 | €16,702 | €27,652 | +€10,950 | +65.6% |
| Remuneration and social security | 454/9 | - | €2,950 | +€2,950 | |
| Accrued charges and deferred income | 492/3 | €3,473 | - | -€3,473 | |
| Remuneration, social security and pensions | 62 | €3,340 | €3,708 | +€368 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,095 | €20,400 | +€5,306 | +35.2% |
| Other operating charges | 640/8 | €729 | €845 | +€116 | +15.9% |
| Gross operating margin | 9900 | €67,790 | €53,497 | -€14,293 | -21.1% |
| Operating profit (loss) | 9901 | €48,627 | €28,544 | -€20,083 | -41.3% |
| Financial income | 75/76B | - | €1,072 | +€1,072 | |
| Recurring financial income | 75 | - | €72 | +€72 | |
| Non-recurring financial income | 76B | - | €1,000 | +€1,000 | |
| Financial charges | 65/66B | €306 | €1,427 | +€1,121 | +366.9% |
| Recurring financial charges | 65 | €306 | €1,427 | +€1,121 | +366.9% |
| Profit (loss) for the period before taxes | 9903 | €48,321 | €28,189 | -€20,132 | -41.7% |
| Income taxes | 67/77 | €16,702 | €10,963 | -€5,739 | -34.4% |
| Profit (loss) for the period | 9904 | €31,619 | €17,226 | -€14,393 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,619 | €17,226 | -€14,393 | -45.5% |
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 3 October 2026 via checked.be.