MEDISAB: 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.
MEDISAB
Largest movements
- Current investments +€102,601
up €102,601 (+20.1%), from €510,853 to €613,454
- Cash -€37,018
down €37,018 (-22.8%), from €162,348 to €125,330
mainly Current investments (-€102,601) and Tax, wage and social debts (-€29,867)
- Tangible fixed assets -€16,310
down €16,310 (-49.4%), from €33,034 to €16,724
- Reserves +€86,756
up €86,756 (+13.3%), from €650,286 to €737,042
of which Distributable reserves: +€86,756
- Tax, wage and social debts -€29,867
down €29,867 (-63.8%), from €46,807 to €16,940
- Gross operating margin -€11,908
down €11,908 (-8.4%), from €140,951 to €129,043
- Taxes -€3,357
down €3,357 (-9.3%), from €36,149 to €32,792
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 | €708,047 | €761,229 | +€53,182 | +7.5% |
| Fixed assets | 21/28 | €33,134 | €16,824 | -€16,310 | -49.2% |
| Tangible fixed assets | 22/27 | €33,034 | €16,724 | -€16,310 | -49.4% |
| Furniture and vehicles | 24 | €33,034 | €16,724 | -€16,310 | -49.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €674,912 | €744,405 | +€69,493 | +10.3% |
| Amounts receivable within one year | 40/41 | - | €5,539 | +€5,539 | |
| Other amounts receivable | 41 | - | €5,539 | +€5,539 | |
| Current investments | 50/53 | €510,853 | €613,454 | +€102,601 | +20.1% |
| Cash at bank and in hand | 54/58 | €162,348 | €125,330 | -€37,018 | -22.8% |
| Deferred charges and accrued income | 490/1 | €1,711 | €82 | -€1,629 | -95.2% |
| Total equity and liabilities | 10/49 | €708,047 | €761,229 | +€53,182 | +7.5% |
| Equity | 10/15 | €658,742 | €742,042 | +€83,300 | +12.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €650,286 | €737,042 | +€86,756 | +13.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,073 | €3,073 | = | 0.0% |
| Distributable reserves | 133 | €645,354 | €732,110 | +€86,756 | +13.4% |
| Profit (loss) carried forward | 14 | €3,456 | - | -€3,456 | |
| Amounts payable | 17/49 | €49,305 | €19,187 | -€30,118 | -61.1% |
| Amounts payable within one year | 42/48 | €49,305 | €19,187 | -€30,118 | -61.1% |
| Trade debts | 44 | €1,859 | €2,247 | +€388 | +20.9% |
| Suppliers | 440/4 | €1,859 | €2,247 | +€388 | +20.9% |
| Taxes, remuneration and social security | 45 | €46,807 | €16,940 | -€29,867 | -63.8% |
| Taxes | 450/3 | €46,807 | €16,940 | -€29,867 | -63.8% |
| Other amounts payable | 47/48 | €639 | - | -€639 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,976 | €16,310 | -€666 | -3.9% |
| Other operating charges | 640/8 | €622 | €501 | -€121 | -19.5% |
| Gross operating margin | 9900 | €140,951 | €129,043 | -€11,908 | -8.4% |
| Operating profit (loss) | 9901 | €123,352 | €112,232 | -€11,120 | -9.0% |
| Financial income | 75/76B | €3,101 | €3,906 | +€804 | +25.9% |
| Recurring financial income | 75 | €3,101 | €3,906 | +€804 | +25.9% |
| Financial charges | 65/66B | €85 | €45 | -€40 | -47.1% |
| Recurring financial charges | 65 | €85 | €45 | -€40 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | €126,368 | €116,093 | -€10,276 | -8.1% |
| Income taxes | 67/77 | €36,149 | €32,792 | -€3,357 | -9.3% |
| Profit (loss) for the period | 9904 | €90,220 | €83,300 | -€6,919 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €90,220 | €83,300 | -€6,919 | -7.7% |
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 18 October 2026 via checked.be.