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MediSur: what changed

Two fiscal 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.

What changed

MediSur

BE 0805.640.923
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€53,541
2024 · €46,339+€7,202
Equity
€101,880
2024 · €48,339+€53,541
Cash
€43,080
2024 · €27,687+€15,393
Balance sheet total
€114,047
2024 · €72,312+€41,735

Largest movements

2024 to 2025
Assets
  • Deferred charges and accrued income +€25,832

    up €25,832 (+82.2%), from €31,416 to €57,248

  • Cash +€15,393

    up €15,393 (+55.6%), from €27,687 to €43,080

    mainly Net result for the year (+€53,541) and Depreciation (+€3,552)

  • Receivables within one year +€2,919

    up €2,919 (+41.2%), from €7,089 to €10,008

  • Tangible fixed assets -€2,409

    down €2,409 (-39.4%), from €6,120 to €3,711

Equity and liabilities
  • Reserves +€53,541

    up €53,541 (+115.5%), from €46,339 to €99,880

  • Tax, wage and social debts -€10,324

    down €10,324 (-74.3%), from €13,887 to €3,563

  • Debts after one year -€2,100

    down €2,100 (-36.4%), from €5,775 to €3,675

Income statement
  • Gross operating margin +€5,831

    up €5,831 (+7.9%), from €73,934 to €79,764

  • Depreciation -€3,667

    down €3,667 (-50.8%), from €7,219 to €3,552

  • Taxes +€2,452

    up €2,452 (+12.6%), from €19,497 to €21,949

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €46,339
Gross operating margin +€5,831
Depreciation +€3,667
Other operating charges -€182
Financial income +€179
Financial charges +€159
Taxes -€2,452
Result 2025 €53,541

Cash bridge derived

cash 2024 to 2025

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.

From operations +€18,637
Investment -€1,143
Financing -€2,100
Cash 2024 €27,687
Net result for the year +€53,541
Depreciation +€3,552
Receivables within one year -€2,919
Deferred charges and accrued income -€25,832
Trade debts +€381
Tax, wage and social debts -€10,324
Other debts +€237
Investment in fixed assets (net) -€1,143
Debts after one year -€2,100
Cash 2025 €43,080
Every line side by side 36 lines
Line Code 2024 2025 Change %
Total assets 20/58 €72,312 €114,047 +€41,735 +57.7%
Fixed assets 21/28 €6,120 €3,711 -€2,409 -39.4%
Tangible fixed assets 22/27 €6,120 €3,711 -€2,409 -39.4%
Furniture and vehicles 24 €6,120 €3,711 -€2,409 -39.4%
Current assets 29/58 €66,192 €110,336 +€44,144 +66.7%
Amounts receivable within one year 40/41 €7,089 €10,008 +€2,919 +41.2%
Other amounts receivable 41 €7,089 €10,008 +€2,919 +41.2%
Cash at bank and in hand 54/58 €27,687 €43,080 +€15,393 +55.6%
Deferred charges and accrued income 490/1 €31,416 €57,248 +€25,832 +82.2%
Total equity and liabilities 10/49 €72,312 €114,047 +€41,735 +57.7%
Equity 10/15 €48,339 €101,880 +€53,541 +110.8%
Contributions 10/11 €2,000 €2,000 = 0.0%
Reserves 13 €46,339 €99,880 +€53,541 +115.5%
Distributable reserves 133 €46,339 €99,880 +€53,541 +115.5%
Amounts payable 17/49 €23,973 €12,167 -€11,806 -49.2%
Amounts payable after more than one year 17 €5,775 €3,675 -€2,100 -36.4%
Other amounts payable 178/9 €5,775 €3,675 -€2,100 -36.4%
Amounts payable within one year 42/48 €18,198 €8,492 -€9,706 -53.3%
Current portion of amounts payable after more than one year 42 €2,100 €2,100 = 0.0%
Trade debts 44 - €381 +€381
Suppliers 440/4 - €381 +€381
Taxes, remuneration and social security 45 €13,887 €3,563 -€10,324 -74.3%
Taxes 450/3 €13,887 €3,563 -€10,324 -74.3%
Other amounts payable 47/48 €2,211 €2,449 +€237 +10.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €7,219 €3,552 -€3,667 -50.8%
Other operating charges 640/8 €352 €534 +€182 +51.5%
Gross operating margin 9900 €73,934 €79,764 +€5,831 +7.9%
Operating profit (loss) 9901 €66,362 €75,678 +€9,316 +14.0%
Financial income 75/76B €61 €241 +€179 +292.6%
Recurring financial income 75 €61 €241 +€179 +292.6%
Financial charges 65/66B €588 €429 -€159 -27.0%
Recurring financial charges 65 €588 €429 -€159 -27.0%
Profit (loss) for the period before taxes 9903 €65,835 €75,490 +€9,654 +14.7%
Income taxes 67/77 €19,497 €21,949 +€2,452 +12.6%
Profit (loss) for the period 9904 €46,339 €53,541 +€7,202 +15.5%
Profit (loss) for the period to be appropriated 9905 €46,339 €53,541 +€7,202 +15.5%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.