MEDISPHERE: 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.
MEDISPHERE
Largest movements
- Receivables within one year +€341,710
up €341,710 (+25.3%), from €1.4m to €1.7m
of which Trade receivables: +€379,024
- Cash +€245,659
up €245,659 (+26.2%), from €936,655 to €1.2m
mainly Net result for the year (+€907,218) and Other debts (+€239,970)
- Stocks and contracts +€89,055
up €89,055 (+11.0%), from €811,920 to €900,975
- Tangible fixed assets -€75,848
down €75,848 (-3.6%), from €2.1m to €2.0m
of which Land and buildings: -€58,706
- Reserves +€574,000
up €574,000 (+19.3%), from €3.0m to €3.5m
- Other debts +€239,970
up €239,970 (+137.4%), from €174,622 to €414,592
- Trade debts -€164,064
down €164,064 (-21.2%), from €773,499 to €609,434
- Debts after one year -€144,009
down €144,009 (-12.0%), from €1.2m to €1.1m
- Tax, wage and social debts +€73,272
up €73,272 (+52.1%), from €140,604 to €213,875
of which Taxes: +€58,944
- Gross operating margin +€459,393
up €459,393 (+39.1%), from €1.2m to €1.6m
- Staff costs +€68,768
up €68,768 (+34.6%), from €198,756 to €267,524
- Depreciation +€37,970
up €37,970 (+22.3%), from €169,976 to €207,946
- Taxes +€35,307
up €35,307 (+18.8%), from €187,685 to €222,992
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 | €5,458,276 | €6,036,265 | +€577,989 | +10.6% |
| Fixed assets | 21/28 | €2,113,241 | €2,032,758 | -€80,483 | -3.8% |
| Intangible fixed assets | 21 | €7,906 | €3,272 | -€4,635 | -58.6% |
| Tangible fixed assets | 22/27 | €2,105,334 | €2,029,486 | -€75,848 | -3.6% |
| Land and buildings | 22 | €1,626,447 | €1,567,741 | -€58,706 | -3.6% |
| Plant, machinery and equipment | 23 | €353,186 | €336,651 | -€16,535 | -4.7% |
| Furniture and vehicles | 24 | €125,702 | €125,094 | -€608 | -0.5% |
| Current assets | 29/58 | €3,345,035 | €4,003,507 | +€658,472 | +19.7% |
| Stocks and contracts in progress | 3 | €811,920 | €900,975 | +€89,055 | +11.0% |
| Stocks | 30/36 | €811,920 | €900,975 | +€89,055 | +11.0% |
| Amounts receivable within one year | 40/41 | €1,351,377 | €1,693,087 | +€341,710 | +25.3% |
| Trade receivables | 40 | €1,247,542 | €1,626,566 | +€379,024 | +30.4% |
| Other amounts receivable | 41 | €103,835 | €66,521 | -€37,314 | -35.9% |
| Current investments | 50/53 | €199,000 | €199,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €936,655 | €1,182,314 | +€245,659 | +26.2% |
| Deferred charges and accrued income | 490/1 | €46,083 | €28,131 | -€17,952 | -39.0% |
| Total equity and liabilities | 10/49 | €5,458,276 | €6,036,265 | +€577,989 | +10.6% |
| Equity | 10/15 | €3,012,518 | €3,586,932 | +€574,414 | +19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,967,860 | €3,541,860 | +€574,000 | +19.3% |
| Distributable reserves | 133 | €2,967,860 | €3,541,860 | +€574,000 | +19.3% |
| Profit (loss) carried forward | 14 | €489 | €3,707 | +€3,218 | +657.8% |
| Investment grants | 15 | €25,569 | €22,765 | -€2,804 | -11.0% |
| Amounts payable | 17/49 | €2,445,758 | €2,449,333 | +€3,575 | +0.1% |
| Amounts payable after more than one year | 17 | €1,203,040 | €1,059,031 | -€144,009 | -12.0% |
| Financial debts | 170/4 | €1,203,040 | €1,059,031 | -€144,009 | -12.0% |
| Amounts payable within one year | 42/48 | €1,232,062 | €1,382,211 | +€150,150 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €142,080 | €144,009 | +€1,930 | +1.4% |
| Trade debts | 44 | €773,499 | €609,434 | -€164,064 | -21.2% |
| Suppliers | 440/4 | €773,499 | €609,434 | -€164,064 | -21.2% |
| Advances received on contracts in progress | 46 | €1,257 | €300 | -€957 | -76.1% |
| Taxes, remuneration and social security | 45 | €140,604 | €213,875 | +€73,272 | +52.1% |
| Taxes | 450/3 | €104,845 | €163,788 | +€58,944 | +56.2% |
| Remuneration and social security | 454/9 | €35,759 | €50,087 | +€14,328 | +40.1% |
| Other amounts payable | 47/48 | €174,622 | €414,592 | +€239,970 | +137.4% |
| Accrued charges and deferred income | 492/3 | €10,656 | €8,090 | -€2,565 | -24.1% |
| Non-recurring operating income | 76A | €4,064 | - | -€4,064 | |
| Remuneration, social security and pensions | 62 | €198,756 | €267,524 | +€68,768 | +34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,976 | €207,946 | +€37,970 | +22.3% |
| Other operating charges | 640/8 | €11,498 | €11,647 | +€150 | +1.3% |
| Non-recurring operating charges | 66A | €5,416 | €2,085 | -€3,331 | -61.5% |
| Gross operating margin | 9900 | €1,173,771 | €1,633,164 | +€459,393 | +39.1% |
| Operating profit (loss) | 9901 | €788,125 | €1,143,962 | +€355,836 | +45.1% |
| Financial income | 75/76B | €11,249 | €7,898 | -€3,351 | -29.8% |
| Recurring financial income | 75 | €11,249 | €7,898 | -€3,351 | -29.8% |
| Financial charges | 65/66B | €24,155 | €21,650 | -€2,504 | -10.4% |
| Recurring financial charges | 65 | €24,155 | €21,650 | -€2,504 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €775,220 | €1,130,210 | +€354,990 | +45.8% |
| Income taxes | 67/77 | €187,685 | €222,992 | +€35,307 | +18.8% |
| Profit (loss) for the period | 9904 | €587,535 | €907,218 | +€319,683 | +54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €587,535 | €907,218 | +€319,683 | +54.4% |
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 9 October 2026 via checked.be.