MEDKASSEM: what changed
MEDKASSEM
Largest movements
- Cash -€58,991
down €58,991 (-36.0%), from €163,664 to €104,673
mainly Tax, wage and social debts (-€30,319) and Advances received (-€19,436)
- Receivables within one year +€18,369
up €18,369 (+28.3%), from €65,020 to €83,389
of which Other amounts receivable: +€47,771
- Tax, wage and social debts -€30,319
down €30,319 (-66.9%), from €45,344 to €15,025
of which Taxes: -€29,408
- Advances received -€19,436
no longer reported in 2025 (was €19,436)
- Profit (loss) carried forward +€6,617
up €6,617 (+4.3%), from €155,150 to €161,766
- Taxes +€31,602
up €31,602 (+265%), from €11,940 to €43,542
- Gross operating margin -€12,485
down €12,485 (-21.1%), from €59,181 to €46,696
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €229,477 | €188,327 | -€41,150 | -17.9% |
| Fixed assets | 21/28 | €793 | €264 | -€529 | -66.7% |
| Tangible fixed assets | 22/27 | €793 | €264 | -€529 | -66.7% |
| Furniture and vehicles | 24 | €793 | €264 | -€529 | -66.7% |
| Current assets | 29/58 | €228,684 | €188,062 | -€40,622 | -17.8% |
| Amounts receivable within one year | 40/41 | €65,020 | €83,389 | +€18,369 | +28.3% |
| Trade receivables | 40 | €35,521 | €6,120 | -€29,402 | -82.8% |
| Other amounts receivable | 41 | €29,499 | €77,269 | +€47,771 | +162% |
| Cash at bank and in hand | 54/58 | €163,664 | €104,673 | -€58,991 | -36.0% |
| Total equity and liabilities | 10/49 | €229,477 | €188,327 | -€41,150 | -17.9% |
| Equity | 10/15 | €158,150 | €164,766 | +€6,617 | +4.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,150 | €161,766 | +€6,617 | +4.3% |
| Amounts payable | 17/49 | €71,327 | €23,560 | -€47,767 | -67.0% |
| Amounts payable within one year | 42/48 | €71,327 | €23,560 | -€47,767 | -67.0% |
| Trade debts | 44 | €6,548 | €8,536 | +€1,988 | +30.4% |
| Suppliers | 440/4 | €6,548 | €8,536 | +€1,988 | +30.4% |
| Advances received on contracts in progress | 46 | €19,436 | - | -€19,436 | |
| Taxes, remuneration and social security | 45 | €45,344 | €15,025 | -€30,319 | -66.9% |
| Taxes | 450/3 | €44,433 | €15,025 | -€29,408 | -66.2% |
| Remuneration and social security | 454/9 | €911 | - | -€911 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €529 | €529 | = | 0.0% |
| Gross operating margin | 9900 | €59,181 | €46,696 | -€12,485 | -21.1% |
| Operating profit (loss) | 9901 | €58,653 | €46,168 | -€12,485 | -21.3% |
| Financial income | 75/76B | €3,633 | €4,077 | +€444 | +12.2% |
| Recurring financial income | 75 | €3,633 | €4,077 | +€444 | +12.2% |
| Financial charges | 65/66B | €110 | €85 | -€24 | -22.0% |
| Recurring financial charges | 65 | €110 | €85 | -€24 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €62,176 | €50,159 | -€12,017 | -19.3% |
| Income taxes | 67/77 | €11,940 | €43,542 | +€31,602 | +265% |
| Profit (loss) for the period | 9904 | €50,236 | €6,617 | -€43,620 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,236 | €6,617 | -€43,620 | -86.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.