Medimax: 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.
Medimax
Largest movements
- Receivables within one year +€28,244
up €28,244 (+14.5%), from €194,769 to €223,013
of which Other amounts receivable: +€30,282
- Tangible fixed assets -€14,629
down €14,629 (-35.9%), from €40,750 to €26,121
of which Furniture and vehicles: -€13,447
- Cash +€10,117
up €10,117 (+38.7%), from €26,143 to €36,260
mainly Net result for the year (+€41,124) and Depreciation (+€15,349)
- Reserves +€41,124
up €41,124 (+20.2%), from €203,264 to €244,388
of which Distributable reserves: +€41,124
- Debts after one year -€11,937
down €11,937 (-79.1%), from €15,096 to €3,159
- Current portion of long-term debt -€4,021
down €4,021 (-25.2%), from €15,958 to €11,937
- Gross operating margin +€36,100
up €36,100 (+82.6%), from €43,689 to €79,789
- Taxes +€10,442
up €10,442 (+101%), from €10,312 to €20,754
- Depreciation +€3,300
up €3,300 (+27.4%), from €12,049 to €15,349
- Staff costs -€1,440
down €1,440 (-55.6%), from €2,592 to €1,152
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 | €262,588 | €289,087 | +€26,499 | +10.1% |
| Fixed assets | 21/28 | €40,750 | €27,521 | -€13,229 | -32.5% |
| Tangible fixed assets | 22/27 | €40,750 | €26,121 | -€14,629 | -35.9% |
| Plant, machinery and equipment | 23 | €8,481 | €7,299 | -€1,182 | -13.9% |
| Furniture and vehicles | 24 | €32,269 | €18,822 | -€13,447 | -41.7% |
| Financial fixed assets | 28 | - | €1,400 | +€1,400 | |
| Current assets | 29/58 | €221,838 | €261,566 | +€39,728 | +17.9% |
| Amounts receivable within one year | 40/41 | €194,769 | €223,013 | +€28,244 | +14.5% |
| Trade receivables | 40 | €14,424 | €12,386 | -€2,038 | -14.1% |
| Other amounts receivable | 41 | €180,345 | €210,627 | +€30,282 | +16.8% |
| Cash at bank and in hand | 54/58 | €26,143 | €36,260 | +€10,117 | +38.7% |
| Deferred charges and accrued income | 490/1 | €926 | €2,293 | +€1,367 | +148% |
| Total equity and liabilities | 10/49 | €262,588 | €289,087 | +€26,499 | +10.1% |
| Equity | 10/15 | €209,464 | €250,588 | +€41,124 | +19.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €203,264 | €244,388 | +€41,124 | +20.2% |
| 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 | €201,404 | €242,528 | +€41,124 | +20.4% |
| Amounts payable | 17/49 | €53,124 | €38,499 | -€14,625 | -27.5% |
| Amounts payable after more than one year | 17 | €15,096 | €3,159 | -€11,937 | -79.1% |
| Financial debts | 170/4 | €15,096 | €3,159 | -€11,937 | -79.1% |
| Amounts payable within one year | 42/48 | €38,028 | €35,340 | -€2,688 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €15,958 | €11,937 | -€4,021 | -25.2% |
| Trade debts | 44 | €3,320 | €646 | -€2,674 | -80.5% |
| Suppliers | 440/4 | €3,320 | €646 | -€2,674 | -80.5% |
| Taxes, remuneration and social security | 45 | €5,823 | €7,318 | +€1,495 | +25.7% |
| Taxes | 450/3 | €2,812 | €4,287 | +€1,475 | +52.5% |
| Remuneration and social security | 454/9 | €3,011 | €3,031 | +€20 | +0.7% |
| Other amounts payable | 47/48 | €12,927 | €15,439 | +€2,512 | +19.4% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Remuneration, social security and pensions | 62 | €2,592 | €1,152 | -€1,440 | -55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,049 | €15,349 | +€3,300 | +27.4% |
| Other operating charges | 640/8 | €574 | €587 | +€13 | +2.3% |
| Gross operating margin | 9900 | €43,689 | €79,789 | +€36,100 | +82.6% |
| Operating profit (loss) | 9901 | €28,474 | €62,701 | +€34,227 | +120% |
| Financial income | 75/76B | €57 | €32 | -€25 | -43.9% |
| Recurring financial income | 75 | €57 | €32 | -€25 | -43.9% |
| Financial charges | 65/66B | €853 | €855 | +€2 | +0.2% |
| Recurring financial charges | 65 | €853 | €855 | +€2 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €27,678 | €61,878 | +€34,200 | +124% |
| Income taxes | 67/77 | €10,312 | €20,754 | +€10,442 | +101% |
| Profit (loss) for the period | 9904 | €17,366 | €41,124 | +€23,758 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €17,366 | €41,124 | +€23,758 | +137% |
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 19 October 2026 via checked.be.