Medispar: 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.
Medispar
Largest movements
- Receivables within one year -€506,677
down €506,677 (-38.5%), from €1.3m to €809,750
of which Trade receivables: -€329,352
- Deferred charges and accrued income -€244,544
down €244,544 (-95.6%), from €255,705 to €11,162
- Current investments -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Stocks and contracts -€144,125
down €144,125 (-26.3%), from €548,498 to €404,373
- Cash -€66,307
down €66,307 (-62.2%), from €106,609 to €40,302
mainly Net result for the year (-€1.2m) and Debts after one year (-€696,029)
- Contributions +€1.4m
up €1.4m (+855.1%), from €163,392 to €1.6m
- Profit (loss) carried forward -€1.2m
down €1.2m (-741.2%), from -€156,191 to -€1.3m
- Debts after one year -€696,029
down €696,029 (-100.0%), from €696,029 to €0
- Tax, wage and social debts -€337,363
down €337,363 (-75.8%), from €445,221 to €107,858
of which Taxes: -€369,123
- Current portion of long-term debt -€275,131
down €275,131 (-100.0%), from €275,131 to €0
- Gross operating margin -€692,737
down €692,737 (-81.9%), from €846,021 to €153,283
- Write-downs +€315,648
new in 2025: €315,648
- Staff costs +€128,055
up €128,055 (+21.3%), from €600,638 to €728,693
- Financial income +€52,171
up €52,171 (+76.3%), from €68,376 to €120,546
- Other operating charges -€10,937
down €10,937 (-84.1%), from €13,008 to €2,071
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,934,304 | €2,722,942 | -€1.2m | -30.8% |
| Fixed assets | 21/28 | €1,507,065 | €1,457,356 | -€49,709 | -3.3% |
| Intangible fixed assets | 21 | €42,588 | €26,988 | -€15,600 | -36.6% |
| Tangible fixed assets | 22/27 | €9,277 | €5,168 | -€4,109 | -44.3% |
| Furniture and vehicles | 24 | €9,277 | €5,168 | -€4,109 | -44.3% |
| Financial fixed assets | 28 | €1,455,200 | €1,425,200 | -€30,000 | -2.1% |
| Current assets | 29/58 | €2,427,239 | €1,265,586 | -€1.2m | -47.9% |
| Stocks and contracts in progress | 3 | €548,498 | €404,373 | -€144,125 | -26.3% |
| Stocks | 30/36 | €548,498 | €404,373 | -€144,125 | -26.3% |
| Amounts receivable within one year | 40/41 | €1,316,426 | €809,750 | -€506,677 | -38.5% |
| Trade receivables | 40 | €906,306 | €576,953 | -€329,352 | -36.3% |
| Other amounts receivable | 41 | €410,121 | €232,796 | -€177,324 | -43.2% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €106,609 | €40,302 | -€66,307 | -62.2% |
| Deferred charges and accrued income | 490/1 | €255,705 | €11,162 | -€244,544 | -95.6% |
| Total equity and liabilities | 10/49 | €3,934,304 | €2,722,942 | -€1.2m | -30.8% |
| Equity | 10/15 | €232,501 | €471,959 | +€239,458 | +103.0% |
| Contributions | 10/11 | €163,392 | €1,560,489 | +€1.4m | +855.1% |
| Capital | 10 | €163,392 | €1,560,489 | +€1.4m | +855.1% |
| Issued capital | 100 | €163,392 | €1,560,489 | +€1.4m | +855.1% |
| Reserves | 13 | €225,300 | €225,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,339 | €16,339 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,339 | €16,339 | = | 0.0% |
| Distributable reserves | 133 | €208,961 | €208,961 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,191 | -€1,313,830 | -€1.2m | -741.2% |
| Amounts payable | 17/49 | €3,701,804 | €2,250,982 | -€1.5m | -39.2% |
| Amounts payable after more than one year | 17 | €696,029 | €0 | -€696,029 | -100.0% |
| Financial debts | 170/4 | €696,029 | €0 | -€696,029 | -100.0% |
| Amounts payable within one year | 42/48 | €3,005,775 | €2,250,982 | -€754,792 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €275,131 | €0 | -€275,131 | -100.0% |
| Financial debts | 43 | €340,000 | €200,000 | -€140,000 | -41.2% |
| Credit institutions | 430/8 | €340,000 | €200,000 | -€140,000 | -41.2% |
| Trade debts | 44 | €559,305 | €500,434 | -€58,870 | -10.5% |
| Suppliers | 440/4 | €559,305 | €500,434 | -€58,870 | -10.5% |
| Advances received on contracts in progress | 46 | €3,730 | €0 | -€3,730 | -100.0% |
| Taxes, remuneration and social security | 45 | €445,221 | €107,858 | -€337,363 | -75.8% |
| Taxes | 450/3 | €377,698 | €8,575 | -€369,123 | -97.7% |
| Remuneration and social security | 454/9 | €67,523 | €99,283 | +€31,760 | +47.0% |
| Other amounts payable | 47/48 | €1,382,388 | €1,442,690 | +€60,302 | +4.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €600,638 | €728,693 | +€128,055 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,367 | €24,650 | +€1,282 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €315,648 | +€315,648 | |
| Other operating charges | 640/8 | €13,008 | €2,071 | -€10,937 | -84.1% |
| Non-recurring operating charges | 66A | €382,000 | €300,016 | -€81,984 | -21.5% |
| Gross operating margin | 9900 | €846,021 | €153,283 | -€692,737 | -81.9% |
| Operating profit (loss) | 9901 | -€172,993 | -€1,217,795 | -€1.0m | -604.0% |
| Financial income | 75/76B | €68,376 | €120,546 | +€52,171 | +76.3% |
| Recurring financial income | 75 | €68,376 | €120,546 | +€52,171 | +76.3% |
| Financial charges | 65/66B | €50,174 | €58,869 | +€8,695 | +17.3% |
| Recurring financial charges | 65 | €50,174 | €58,869 | +€8,695 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | -€154,791 | -€1,156,118 | -€1.0m | -646.9% |
| Income taxes | 67/77 | €1,400 | €1,521 | +€121 | +8.6% |
| Profit (loss) for the period | 9904 | -€156,191 | -€1,157,639 | -€1.0m | -641.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€156,191 | -€1,157,639 | -€1.0m | -641.2% |
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 11 October 2026 via checked.be.