MEDIVET: 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.
MEDIVET
Largest movements
- Cash -€482,995
down €482,995 (-73.6%), from €655,846 to €172,851
mainly Investment in fixed assets (net) (-€462,140) and Debts after one year (-€345,630)
- Tangible fixed assets +€355,874
up €355,874 (+20.3%), from €1.8m to €2.1m
of which Land and buildings: +€352,999
- Receivables within one year -€109,096
down €109,096 (-40.7%), from €267,925 to €158,828
of which Trade receivables: -€156,277
- Receivables after one year +€50,000
up €50,000 (+12.5%), from €400,000 to €450,000
- Reserves +€347,986
up €347,986 (+28.6%), from €1.2m to €1.6m
of which Distributable reserves: +€350,259
- Debts after one year -€345,630
down €345,630 (-24.4%), from €1.4m to €1.1m
- Tax, wage and social debts -€123,514
down €123,514 (-88.9%), from €138,964 to €15,450
of which Taxes: -€118,994
- Trade debts -€93,852
down €93,852 (-66.8%), from €140,450 to €46,598
- Depreciation -€220,391
down €220,391 (-67.5%), from €326,657 to €106,266
- Taxes +€92,830
up €92,830 (+112%), from €83,184 to €176,014
- Gross operating margin +€85,536
up €85,536 (+13.5%), from €632,468 to €718,004
- Provisions +€12,000
up €12,000, from -€12,000 to €0
- Financial income -€7,647
down €7,647 (-42.0%), from €18,193 to €10,545
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 | €3,214,639 | €2,999,757 | -€214,883 | -6.7% |
| Fixed assets | 21/28 | €1,763,199 | €2,119,074 | +€355,874 | +20.2% |
| Tangible fixed assets | 22/27 | €1,753,199 | €2,109,074 | +€355,874 | +20.3% |
| Land and buildings | 22 | €1,727,265 | €2,080,263 | +€352,999 | +20.4% |
| Plant, machinery and equipment | 23 | €875 | €8,272 | +€7,397 | +846% |
| Furniture and vehicles | 24 | €25,060 | €20,539 | -€4,521 | -18.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €1,451,440 | €880,683 | -€570,757 | -39.3% |
| Amounts receivable after more than one year | 29 | €400,000 | €450,000 | +€50,000 | +12.5% |
| Other amounts receivable | 291 | €400,000 | €450,000 | +€50,000 | +12.5% |
| Amounts receivable within one year | 40/41 | €267,925 | €158,828 | -€109,096 | -40.7% |
| Trade receivables | 40 | €218,392 | €62,116 | -€156,277 | -71.6% |
| Other amounts receivable | 41 | €49,532 | €96,713 | +€47,180 | +95.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €655,846 | €172,851 | -€482,995 | -73.6% |
| Deferred charges and accrued income | 490/1 | €127,670 | €99,004 | -€28,666 | -22.5% |
| Total equity and liabilities | 10/49 | €3,214,639 | €2,999,757 | -€214,883 | -6.7% |
| Equity | 10/15 | €1,230,906 | €1,578,893 | +€347,986 | +28.3% |
| Contributions | 10/11 | €12,408 | €12,408 | = | 0.0% |
| Reserves | 13 | €1,218,498 | €1,566,485 | +€347,986 | +28.6% |
| Tax-exempt reserves | 132 | €70,249 | €67,976 | -€2,273 | -3.2% |
| Distributable reserves | 133 | €1,148,249 | €1,498,508 | +€350,259 | +30.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €23,416 | €22,659 | -€758 | -3.2% |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Deferred taxes | 168 | €23,416 | €22,659 | -€758 | -3.2% |
| Amounts payable | 17/49 | €1,960,317 | €1,398,205 | -€562,111 | -28.7% |
| Amounts payable after more than one year | 17 | €1,415,829 | €1,070,199 | -€345,630 | -24.4% |
| Financial debts | 170/4 | €1,415,829 | €1,070,199 | -€345,630 | -24.4% |
| Amounts payable within one year | 42/48 | €544,487 | €328,006 | -€216,481 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | €55,372 | €46,440 | -€8,932 | -16.1% |
| Trade debts | 44 | €140,450 | €46,598 | -€93,852 | -66.8% |
| Suppliers | 440/4 | €140,450 | €46,598 | -€93,852 | -66.8% |
| Taxes, remuneration and social security | 45 | €138,964 | €15,450 | -€123,514 | -88.9% |
| Taxes | 450/3 | €134,444 | €15,450 | -€118,994 | -88.5% |
| Remuneration and social security | 454/9 | €4,520 | €0 | -€4,520 | -100% |
| Other amounts payable | 47/48 | €209,702 | €219,518 | +€9,817 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €326,657 | €106,266 | -€220,391 | -67.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€12,000 | €0 | +€12,000 | |
| Other operating charges | 640/8 | €2,968 | €2,737 | -€232 | -7.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €632,468 | €718,004 | +€85,536 | +13.5% |
| Operating profit (loss) | 9901 | €314,842 | €609,001 | +€294,159 | +93.4% |
| Financial income | 75/76B | €18,193 | €10,545 | -€7,647 | -42.0% |
| Recurring financial income | 75 | €18,193 | €10,545 | -€7,647 | -42.0% |
| Financial charges | 65/66B | €67,332 | €60,304 | -€7,028 | -10.4% |
| Recurring financial charges | 65 | €67,332 | €60,304 | -€7,028 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €265,703 | €559,242 | +€293,540 | +110% |
| Transfer from deferred taxes | 780 | €758 | €758 | = | 0.0% |
| Income taxes | 67/77 | €83,184 | €176,014 | +€92,830 | +112% |
| Profit (loss) for the period | 9904 | €183,276 | €383,986 | +€200,710 | +110% |
| Transfer from tax-exempt reserves | 789 | €2,273 | €2,273 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €185,549 | €386,259 | +€200,710 | +108% |
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 17 October 2026 via checked.be.