MEDOCULUS: 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.
MEDOCULUS
Largest movements
- Tangible fixed assets -€53,137
down €53,137 (-9.7%), from €546,285 to €493,148
of which Plant, machinery and equipment: -€38,243
- Cash +€19,939
up €19,939 (+7.9%), from €252,070 to €272,009
mainly Net result for the year (+€165,281) and Depreciation (+€67,897)
- Intangible fixed assets -€11,430
down €11,430 (-100%), from €11,430 to €0
- Debts after one year -€63,144
down €63,144 (-14.6%), from €433,584 to €370,439
- Other debts +€17,376
up €17,376 (+5.7%), from €305,121 to €322,497
- Staff costs +€20,740
up €20,740 (+31.4%), from €65,959 to €86,699
- Depreciation +€6,697
up €6,697 (+10.9%), from €61,200 to €67,897
- Gross operating margin +€5,946
up €5,946 (+1.6%), from €375,899 to €381,845
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 | €853,419 | €812,501 | -€40,918 | -4.8% |
| Fixed assets | 21/28 | €557,955 | €493,388 | -€64,567 | -11.6% |
| Intangible fixed assets | 21 | €11,430 | €0 | -€11,430 | -100% |
| Tangible fixed assets | 22/27 | €546,285 | €493,148 | -€53,137 | -9.7% |
| Land and buildings | 22 | €288,129 | €271,180 | -€16,949 | -5.9% |
| Plant, machinery and equipment | 23 | €254,573 | €216,330 | -€38,243 | -15.0% |
| Furniture and vehicles | 24 | €3,583 | €5,637 | +€2,054 | +57.3% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €295,464 | €319,113 | +€23,649 | +8.0% |
| Amounts receivable within one year | 40/41 | - | €2,537 | +€2,537 | |
| Other amounts receivable | 41 | - | €2,537 | +€2,537 | |
| Cash at bank and in hand | 54/58 | €252,070 | €272,009 | +€19,939 | +7.9% |
| Deferred charges and accrued income | 490/1 | €43,394 | €44,567 | +€1,173 | +2.7% |
| Total equity and liabilities | 10/49 | €853,419 | €812,501 | -€40,918 | -4.8% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €832,959 | €792,041 | -€40,918 | -4.9% |
| Amounts payable after more than one year | 17 | €433,584 | €370,439 | -€63,144 | -14.6% |
| Financial debts | 170/4 | €433,584 | €370,439 | -€63,144 | -14.6% |
| Amounts payable within one year | 42/48 | €398,126 | €421,602 | +€23,476 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €64,330 | €63,144 | -€1,186 | -1.8% |
| Trade debts | 44 | €1,791 | €961 | -€830 | -46.3% |
| Suppliers | 440/4 | €1,791 | €961 | -€830 | -46.3% |
| Taxes, remuneration and social security | 45 | €26,883 | €34,999 | +€8,116 | +30.2% |
| Taxes | 450/3 | €12,261 | €16,031 | +€3,771 | +30.8% |
| Remuneration and social security | 454/9 | €14,623 | €18,968 | +€4,345 | +29.7% |
| Other amounts payable | 47/48 | €305,121 | €322,497 | +€17,376 | +5.7% |
| Accrued charges and deferred income | 492/3 | €1,250 | €0 | -€1,250 | -100% |
| Remuneration, social security and pensions | 62 | €65,959 | €86,699 | +€20,740 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,200 | €67,897 | +€6,697 | +10.9% |
| Other operating charges | 640/8 | €2,429 | €1,942 | -€487 | -20.1% |
| Gross operating margin | 9900 | €375,899 | €381,845 | +€5,946 | +1.6% |
| Operating profit (loss) | 9901 | €246,311 | €225,307 | -€21,004 | -8.5% |
| Financial income | 75/76B | €120 | €0 | -€120 | -100% |
| Recurring financial income | 75 | €120 | €0 | -€120 | -100% |
| Financial charges | 65/66B | €9,807 | €9,391 | -€417 | -4.2% |
| Recurring financial charges | 65 | €9,807 | €9,391 | -€417 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €236,624 | €215,916 | -€20,708 | -8.8% |
| Income taxes | 67/77 | €54,216 | €50,635 | -€3,581 | -6.6% |
| Profit (loss) for the period | 9904 | €182,408 | €165,281 | -€17,127 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €182,408 | €165,281 | -€17,127 | -9.4% |
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 15 October 2026 via checked.be.