MEDISAND: 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.
MEDISAND
Largest movements
- Current investments +€74,975
up €74,975 (+299.6%), from €25,025 to €100,000
- Cash +€18,339
up €18,339 (+71.6%), from €25,627 to €43,966
mainly Net result for the year (+€76,532) and Short-term financial debts (+€16,468)
- Deferred charges and accrued income -€11,731
down €11,731 (-26.4%), from €44,514 to €32,782
- Tangible fixed assets -€9,750
down €9,750 (-24.6%), from €39,600 to €29,850
of which Other tangible fixed assets: -€7,818
- Reserves +€58,269
up €58,269 (+97.1%), from €60,000 to €118,269
of which Distributable reserves: +€58,269
- Short-term financial debts +€16,468
new in 2025: €16,468
- Tax, wage and social debts -€9,495
down €9,495 (-71.8%), from €13,215 to €3,720
- Other debts +€7,035
up €7,035 (+53.3%), from €13,201 to €20,236
- Debts after one year -€5,830
down €5,830 (-92.3%), from €6,318 to €488
- Gross operating margin +€51,179
up €51,179 (+76.4%), from €67,018 to €118,198
- Taxes +€15,445
up €15,445 (+105.5%), from €14,635 to €30,081
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 | €134,766 | €206,598 | +€71,832 | +53.3% |
| Fixed assets | 21/28 | €39,600 | €29,850 | -€9,750 | -24.6% |
| Tangible fixed assets | 22/27 | €39,600 | €29,850 | -€9,750 | -24.6% |
| Furniture and vehicles | 24 | €5,144 | €3,213 | -€1,932 | -37.6% |
| Other tangible fixed assets | 26 | €34,455 | €26,637 | -€7,818 | -22.7% |
| Current assets | 29/58 | €95,166 | €176,748 | +€81,582 | +85.7% |
| Current investments | 50/53 | €25,025 | €100,000 | +€74,975 | +299.6% |
| Cash at bank and in hand | 54/58 | €25,627 | €43,966 | +€18,339 | +71.6% |
| Deferred charges and accrued income | 490/1 | €44,514 | €32,782 | -€11,731 | -26.4% |
| Total equity and liabilities | 10/49 | €134,766 | €206,598 | +€71,832 | +53.3% |
| Equity | 10/15 | €90,667 | €150,199 | +€59,532 | +65.7% |
| Contributions | 10/11 | €30,540 | €30,540 | = | 0.0% |
| Reserves | 13 | €60,000 | €118,269 | +€58,269 | +97.1% |
| Tax-exempt reserves | 132 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €58,000 | €116,269 | +€58,269 | +100.5% |
| Profit (loss) carried forward | 14 | €127 | €1,390 | +€1,263 | +991.2% |
| Amounts payable | 17/49 | €44,098 | €56,398 | +€12,300 | +27.9% |
| Amounts payable after more than one year | 17 | €6,318 | €488 | -€5,830 | -92.3% |
| Financial debts | 170/4 | €6,318 | €488 | -€5,830 | -92.3% |
| Amounts payable within one year | 42/48 | €37,781 | €55,910 | +€18,130 | +48.0% |
| Current portion of amounts payable after more than one year | 42 | €5,790 | €5,830 | +€40 | +0.7% |
| Financial debts | 43 | - | €16,468 | +€16,468 | |
| Other loans | 439 | - | €16,468 | +€16,468 | |
| Trade debts | 44 | €5,575 | €9,657 | +€4,082 | +73.2% |
| Suppliers | 440/4 | €5,575 | €9,657 | +€4,082 | +73.2% |
| Taxes, remuneration and social security | 45 | €13,215 | €3,720 | -€9,495 | -71.8% |
| Taxes | 450/3 | €13,215 | €3,720 | -€9,495 | -71.8% |
| Other amounts payable | 47/48 | €13,201 | €20,236 | +€7,035 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,615 | €9,750 | +€135 | +1.4% |
| Other operating charges | 640/8 | €1,356 | €1,555 | +€200 | +14.7% |
| Gross operating margin | 9900 | €67,018 | €118,198 | +€51,179 | +76.4% |
| Operating profit (loss) | 9901 | €56,048 | €106,892 | +€50,844 | +90.7% |
| Financial income | 75/76B | €74 | €182 | +€108 | +146.7% |
| Recurring financial income | 75 | €74 | €182 | +€108 | +146.7% |
| Financial charges | 65/66B | €712 | €462 | -€250 | -35.1% |
| Recurring financial charges | 65 | €712 | €462 | -€250 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €55,410 | €106,612 | +€51,203 | +92.4% |
| Income taxes | 67/77 | €14,635 | €30,081 | +€15,445 | +105.5% |
| Profit (loss) for the period | 9904 | €40,774 | €76,532 | +€35,757 | +87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,774 | €76,532 | +€35,757 | +87.7% |
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 10 October 2026 via checked.be.