MEDISHOP: 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.
MEDISHOP
Largest movements
- Tangible fixed assets -€42,024
down €42,024 (-32.5%), from €129,208 to €87,184
of which Furniture and vehicles: -€32,511
- Stocks and contracts +€20,871
up €20,871 (+10.3%), from €202,372 to €223,243
- Cash -€15,133
down €15,133 (-42.9%), from €35,287 to €20,153
mainly Current portion of long-term debt (-€22,965) and Stocks and contracts (-€20,871)
- Receivables within one year +€13,333
up €13,333 (+19.0%), from €70,354 to €83,687
of which Other amounts receivable: +€14,721
- Other debts +€35,407
up €35,407 (+440%), from €8,040 to €43,447
- Current portion of long-term debt -€22,965
down €22,965 (-63.0%), from €36,442 to €13,477
- Reserves -€15,496
down €15,496 (-8.2%), from €189,867 to €174,371
- Tax, wage and social debts +€14,056
up €14,056 (+47.0%), from €29,892 to €43,949
of which Taxes: +€9,153
- Debts after one year -€13,477
down €13,477 (-50.1%), from €26,911 to €13,434
- Gross operating margin -€31,727
down €31,727 (-17.1%), from €185,278 to €153,551
- Staff costs -€2,517
down €2,517 (-2.2%), from €114,083 to €111,566
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 | €441,902 | €420,688 | -€21,214 | -4.8% |
| Fixed assets | 21/28 | €129,208 | €87,184 | -€42,024 | -32.5% |
| Tangible fixed assets | 22/27 | €129,208 | €87,184 | -€42,024 | -32.5% |
| Plant, machinery and equipment | 23 | €9,086 | €4,206 | -€4,881 | -53.7% |
| Furniture and vehicles | 24 | €91,658 | €59,147 | -€32,511 | -35.5% |
| Other tangible fixed assets | 26 | €28,464 | €23,832 | -€4,632 | -16.3% |
| Current assets | 29/58 | €312,694 | €333,503 | +€20,810 | +6.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €202,372 | €223,243 | +€20,871 | +10.3% |
| Stocks | 30/36 | €202,372 | €223,243 | +€20,871 | +10.3% |
| Amounts receivable within one year | 40/41 | €70,354 | €83,687 | +€13,333 | +19.0% |
| Trade receivables | 40 | €54,346 | €52,958 | -€1,388 | -2.6% |
| Other amounts receivable | 41 | €16,008 | €30,729 | +€14,721 | +92.0% |
| Cash at bank and in hand | 54/58 | €35,287 | €20,153 | -€15,133 | -42.9% |
| Deferred charges and accrued income | 490/1 | €4,681 | €6,420 | +€1,739 | +37.2% |
| Total equity and liabilities | 10/49 | €441,902 | €420,688 | -€21,214 | -4.8% |
| Equity | 10/15 | €208,467 | €181,320 | -€27,147 | -13.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €189,867 | €174,371 | -€15,496 | -8.2% |
| Distributable reserves | 133 | €189,867 | €174,371 | -€15,496 | -8.2% |
| Profit (loss) carried forward | 14 | €0 | -€11,651 | -€11,651 | |
| Amounts payable | 17/49 | €233,435 | €239,368 | +€5,933 | +2.5% |
| Amounts payable after more than one year | 17 | €26,911 | €13,434 | -€13,477 | -50.1% |
| Financial debts | 170/4 | €26,911 | €13,434 | -€13,477 | -50.1% |
| Amounts payable within one year | 42/48 | €206,524 | €225,933 | +€19,410 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €36,442 | €13,477 | -€22,965 | -63.0% |
| Financial debts | 43 | - | €4,986 | +€4,986 | |
| Credit institutions | 430/8 | - | €4,986 | +€4,986 | |
| Trade debts | 44 | €132,149 | €120,074 | -€12,074 | -9.1% |
| Suppliers | 440/4 | €132,149 | €120,074 | -€12,074 | -9.1% |
| Taxes, remuneration and social security | 45 | €29,892 | €43,949 | +€14,056 | +47.0% |
| Taxes | 450/3 | €12,118 | €21,271 | +€9,153 | +75.5% |
| Remuneration and social security | 454/9 | €17,774 | €22,678 | +€4,904 | +27.6% |
| Other amounts payable | 47/48 | €8,040 | €43,447 | +€35,407 | +440% |
| Remuneration, social security and pensions | 62 | €114,083 | €111,566 | -€2,517 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,845 | €42,701 | -€144 | -0.3% |
| Other operating charges | 640/8 | €1,250 | €2,988 | +€1,738 | +139% |
| Gross operating margin | 9900 | €185,278 | €153,551 | -€31,727 | -17.1% |
| Operating profit (loss) | 9901 | €27,100 | -€3,704 | -€30,804 | |
| Financial income | 75/76B | €1,704 | €1,725 | +€21 | +1.3% |
| Recurring financial income | 75 | €1,704 | €1,725 | +€21 | +1.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €6,914 | €7,322 | +€408 | +5.9% |
| Recurring financial charges | 65 | €6,914 | €7,322 | +€408 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €21,890 | -€9,300 | -€31,190 | |
| Income taxes | 67/77 | €1,992 | €2,350 | +€358 | +18.0% |
| Profit (loss) for the period | 9904 | €19,897 | -€11,651 | -€31,548 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,897 | -€11,651 | -€31,548 |
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 21 October 2026 via checked.be.