Medivasc: 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.
Medivasc
Largest movements
- Current investments -€127,764
down €127,764 (-77.4%), from €165,032 to €37,269
- Cash +€22,965
up €22,965 (+30.0%), from €76,578 to €99,544
mainly Net result for the year (+€151,088) and Current investments (+€127,764)
- Receivables within one year +€13,515
up €13,515 (+15.7%), from €86,129 to €99,644
- Tangible fixed assets +€4,243
up €4,243 (+20.5%), from €20,736 to €24,978
of which Land and buildings: +€12,429
- Reserves -€78,912
down €78,912 (-25.9%), from €304,619 to €225,708
- Debts after one year -€4,482
down €4,482 (-100%), from €4,482 to €0
- Current portion of long-term debt -€4,410
down €4,410 (-49.6%), from €8,892 to €4,482
- Gross operating margin +€14,255
up €14,255 (+7.4%), from €192,201 to €206,456
- Taxes +€2,375
up €2,375 (+5.7%), from €41,326 to €43,701
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 | €351,209 | €266,045 | -€85,164 | -24.2% |
| Fixed assets | 21/28 | €20,736 | €24,978 | +€4,243 | +20.5% |
| Tangible fixed assets | 22/27 | €20,736 | €24,978 | +€4,243 | +20.5% |
| Land and buildings | 22 | €7,269 | €19,699 | +€12,429 | +171% |
| Furniture and vehicles | 24 | €523 | €1,085 | +€562 | +108% |
| Leasing and similar rights | 25 | €12,944 | €4,195 | -€8,749 | -67.6% |
| Current assets | 29/58 | €330,473 | €241,066 | -€89,407 | -27.1% |
| Amounts receivable within one year | 40/41 | €86,129 | €99,644 | +€13,515 | +15.7% |
| Other amounts receivable | 41 | €86,129 | €99,644 | +€13,515 | +15.7% |
| Current investments | 50/53 | €165,032 | €37,269 | -€127,764 | -77.4% |
| Cash at bank and in hand | 54/58 | €76,578 | €99,544 | +€22,965 | +30.0% |
| Deferred charges and accrued income | 490/1 | €2,734 | €4,610 | +€1,876 | +68.6% |
| Total equity and liabilities | 10/49 | €351,209 | €266,045 | -€85,164 | -24.2% |
| Equity | 10/15 | €323,219 | €244,308 | -€78,912 | -24.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €304,619 | €225,708 | -€78,912 | -25.9% |
| Distributable reserves | 133 | €304,619 | €225,708 | -€78,912 | -25.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,990 | €21,737 | -€6,253 | -22.3% |
| Amounts payable after more than one year | 17 | €4,482 | €0 | -€4,482 | -100% |
| Financial debts | 170/4 | €4,482 | €0 | -€4,482 | -100% |
| Amounts payable within one year | 42/48 | €23,382 | €21,737 | -€1,645 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €8,892 | €4,482 | -€4,410 | -49.6% |
| Trade debts | 44 | €1,853 | €4,370 | +€2,517 | +136% |
| Suppliers | 440/4 | €1,853 | €4,370 | +€2,517 | +136% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €12,637 | €12,885 | +€248 | +2.0% |
| Accrued charges and deferred income | 492/3 | €126 | €0 | -€126 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,223 | €11,890 | +€667 | +5.9% |
| Other operating charges | 640/8 | €2,403 | €2,463 | +€59 | +2.5% |
| Gross operating margin | 9900 | €192,201 | €206,456 | +€14,255 | +7.4% |
| Operating profit (loss) | 9901 | €178,575 | €192,103 | +€13,528 | +7.6% |
| Financial income | 75/76B | €3,899 | €3,749 | -€151 | -3.9% |
| Recurring financial income | 75 | €3,899 | €3,749 | -€151 | -3.9% |
| Financial charges | 65/66B | €1,254 | €1,062 | -€191 | -15.3% |
| Recurring financial charges | 65 | €1,254 | €1,062 | -€191 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €181,221 | €194,790 | +€13,569 | +7.5% |
| Income taxes | 67/77 | €41,326 | €43,701 | +€2,375 | +5.7% |
| Profit (loss) for the period | 9904 | €139,894 | €151,088 | +€11,194 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €139,894 | €151,088 | +€11,194 | +8.0% |
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 14 October 2026 via checked.be.