MEDIPOST: 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.
What changed
MEDIPOST
NACE 46.460, Wholesale of pharmaceutical and medical goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€509,024
2024 · €303,849+€205,175
Equity
€3.7m
2024 · €3.4m+€209,024
Cash
€981,227
2024 · €344,734+€636,493
Balance sheet total
€6.1m
2024 · €5.7m+€466,285
Largest movements
Assets
- Cash +€636,493
up €636,493 (+185%), from €344,734 to €981,227
mainly Net result for the year (+€509,024) and Depreciation (+€271,692)
- Current investments -€250,000
down €250,000 (-50.0%), from €500,000 to €250,000
- Tangible fixed assets -€165,166
down €165,166 (-11.8%), from €1.4m to €1.2m
of which Land and buildings: -€126,543
- Receivables within one year +€124,497
up €124,497 (+9.9%), from €1.3m to €1.4m
of which Trade receivables: +€230,101
- Intangible fixed assets +€96,420
up €96,420 (+51.7%), from €186,530 to €282,950
Equity and liabilities
- Profit (loss) carried forward +€409,024
up €409,024 (+14.9%), from €2.7m to €3.2m
- Other debts +€202,330
up €202,330 (+92.7%), from €218,185 to €420,515
- Trade debts +€200,860
up €200,860 (+25.9%), from €775,715 to €976,575
of which Suppliers: +€200,860
- Reserves -€200,000
down €200,000 (-29.1%), from €687,610 to €487,610
of which Distributable reserves: -€200,000
- Tax, wage and social debts -€89,674
down €89,674 (-13.2%), from €681,257 to €591,584
of which Remuneration and social security: -€72,128
Income statement
- Gross operating margin +€352,908
up €352,908 (+11.2%), from €3.1m to €3.5m
- Staff costs +€77,315
up €77,315 (+3.4%), from €2.3m to €2.3m
- Other operating charges +€54,591
up €54,591 (+61.9%), from €88,199 to €142,790
- Taxes +€52,016
up €52,016 (+34.7%), from €149,961 to €201,977
- Depreciation -€42,116
down €42,116 (-13.4%), from €313,808 to €271,692
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.
Result 2024
€303,849
Gross operating margin
+€352,908
Staff costs
-€77,315
Depreciation
+€42,116
Other operating charges
-€54,591
Financial income
+€3,652
Financial charges
-€9,580
Taxes
-€52,016
Result 2025
€509,024
raises the resultlowers the result
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.
From operations
+€932,860
Investment
+€47,054
Financing
-€343,421
Cash 2024
€344,734
From operations (derived)
+€932,860
Net result for the year
+€509,024
Depreciation
+€271,692
Stocks and contracts
-€21,326
Receivables within one year
-€124,497
Deferred charges and accrued income
-€2,715
Trade debts
+€200,860
Tax, wage and social debts
-€89,674
Other debts
+€202,330
Accrued charges and deferred income
-€12,835
Investment (derived)
+€47,054
Investment in fixed assets (net)
-€202,946
Current investments
+€250,000
Financing
-€343,421
Debts after one year
-€53,025
Current portion of long-term debt
-€7,220
Short-term financial debts
+€16,824
Contributions, distributions and other
-€300,000
Cash 2025
€981,227
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,658,462 | €6,124,746 | +€466,285 | +8.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,592,579 | €1,523,833 | -€68,746 | -4.3% |
| Intangible fixed assets | 21 | €186,530 | €282,950 | +€96,420 | +51.7% |
| Tangible fixed assets | 22/27 | €1,401,579 | €1,236,413 | -€165,166 | -11.8% |
| Land and buildings | 22 | €1,076,701 | €950,158 | -€126,543 | -11.8% |
| Plant, machinery and equipment | 23 | €99,840 | €68,712 | -€31,128 | -31.2% |
| Furniture and vehicles | 24 | €224,026 | €217,346 | -€6,680 | -3.0% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €1,011 | €196 | -€815 | -80.6% |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €4,470 | €4,470 | = | 0.0% |
| Current assets | 29/58 | €4,065,883 | €4,600,913 | +€535,031 | +13.2% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €1,918,943 | €1,940,269 | +€21,326 | +1.1% |
| Stocks | 30/36 | €1,918,943 | €1,940,269 | +€21,326 | +1.1% |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,258,729 | €1,383,226 | +€124,497 | +9.9% |
| Trade receivables | 40 | €1,148,890 | €1,378,992 | +€230,101 | +20.0% |
| Other amounts receivable | 41 | €109,838 | €4,234 | -€105,604 | -96.1% |
| Current investments | 50/53 | €500,000 | €250,000 | -€250,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €344,734 | €981,227 | +€636,493 | +185% |
| Deferred charges and accrued income | 490/1 | €43,477 | €46,192 | +€2,715 | +6.2% |
| Total equity and liabilities | 10/49 | €5,658,462 | €6,124,746 | +€466,285 | +8.2% |
| Equity | 10/15 | €3,449,324 | €3,658,348 | +€209,024 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | €0 | = | |
| Reserves | 13 | €687,610 | €487,610 | -€200,000 | -29.1% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €668,860 | €468,860 | -€200,000 | -29.9% |
| Profit (loss) carried forward | 14 | €2,743,114 | €3,152,138 | +€409,024 | +14.9% |
| Investment grants | 15 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Pensions and similar obligations | 160 | €0 | €0 | = | |
| Taxes | 161 | €0 | €0 | = | |
| Major repairs and maintenance | 162 | €0 | €0 | = | |
| Environmental obligations | 163 | €0 | €0 | = | |
| Deferred taxes | 168 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,209,138 | €2,466,398 | +€257,261 | +11.6% |
| Amounts payable after more than one year | 17 | €386,934 | €333,909 | -€53,025 | -13.7% |
| Financial debts | 170/4 | €386,934 | €333,909 | -€53,025 | -13.7% |
| Trade debts | 175 | €0 | €0 | = | |
| Advances received on contracts in progress | 176 | €0 | €0 | = | |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €1,781,163 | €2,104,284 | +€323,121 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €106,006 | €98,786 | -€7,220 | -6.8% |
| Financial debts | 43 | €0 | €16,824 | +€16,824 | |
| Credit institutions | 430/8 | €0 | €16,824 | +€16,824 | |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €775,715 | €976,575 | +€200,860 | +25.9% |
| Suppliers | 440/4 | €775,715 | €976,575 | +€200,860 | +25.9% |
| Bills of exchange payable | 441 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €681,257 | €591,584 | -€89,674 | -13.2% |
| Taxes | 450/3 | €238,210 | €220,665 | -€17,546 | -7.4% |
| Remuneration and social security | 454/9 | €443,047 | €370,919 | -€72,128 | -16.3% |
| Other amounts payable | 47/48 | €218,185 | €420,515 | +€202,330 | +92.7% |
| Accrued charges and deferred income | 492/3 | €41,041 | €28,206 | -€12,835 | -31.3% |
| Turnover | 70 | - | €0 | = | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €2,259,181 | €2,336,496 | +€77,315 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €313,808 | €271,692 | -€42,116 | -13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €0 | = | |
| Other operating charges | 640/8 | €88,199 | €142,790 | +€54,591 | +61.9% |
| Operating charges capitalised as restructuring costs | 649 | €0 | €0 | = | |
| Non-recurring operating charges | 66A | €0 | €0 | = | |
| Gross operating margin | 9900 | €3,138,154 | €3,491,062 | +€352,908 | +11.2% |
| Operating profit (loss) | 9901 | €476,965 | €740,084 | +€263,118 | +55.2% |
| Financial income | 75/76B | €15,383 | €19,036 | +€3,652 | +23.7% |
| Recurring financial income | 75 | €15,383 | €19,036 | +€3,652 | +23.7% |
| Non-recurring financial income | 76B | €0 | €0 | = | |
| Financial charges | 65/66B | €38,538 | €48,118 | +€9,580 | +24.9% |
| Recurring financial charges | 65 | €38,538 | €48,118 | +€9,580 | +24.9% |
| Non-recurring financial charges | 66B | €0 | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €453,810 | €711,001 | +€257,191 | +56.7% |
| Transfer from deferred taxes | 780 | €0 | €0 | = | |
| Transfer to deferred taxes | 680 | €0 | €0 | = | |
| Income taxes | 67/77 | €149,961 | €201,977 | +€52,016 | +34.7% |
| Profit (loss) for the period | 9904 | €303,849 | €509,024 | +€205,175 | +67.5% |
| Transfer from tax-exempt reserves | 789 | €0 | €0 | = | |
| Transfer to tax-exempt reserves | 689 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €303,849 | €509,024 | +€205,175 | +67.5% |
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 22 October 2026 via checked.be.