MEDPSY: 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.
MEDPSY
Largest movements
- Cash +€79,125
up €79,125 (+52.7%), from €150,005 to €229,130
mainly Net result for the year (+€195,754) and Trade debts (+€35,678)
- Receivables within one year +€41,479
new in 2025: €41,479
- Financial fixed assets +€33,036
up €33,036 (+2.9%), from €1.1m to €1.2m
- Deferred charges and accrued income -€21,234
down €21,234 (-94.4%), from €22,489 to €1,255
- Tangible fixed assets -€20,942
down €20,942 (-26.9%), from €77,731 to €56,789
of which Land and buildings: -€11,963
- Reserves +€195,754
up €195,754 (+20.5%), from €955,084 to €1.2m
of which Distributable reserves: +€195,754
- Other debts -€78,843
down €78,843 (-42.8%), from €184,236 to €105,393
- Tax, wage and social debts -€41,126
no longer reported in 2025 (was €41,126)
- Trade debts +€35,678
up €35,678 (+212.7%), from €16,774 to €52,452
- Gross operating margin -€59,358
down €59,358 (-15.6%), from €379,472 to €320,114
- Financial income -€30,575
down €30,575 (-57.7%), from €53,006 to €22,431
of which Non-recurring financial income: -€26,969
- Taxes -€23,526
down €23,526 (-19.9%), from €118,215 to €94,689
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.
Cash bridge derived
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 | €1,392,098 | €1,503,561 | +€111,463 | +8.0% |
| Fixed assets | 21/28 | €1,219,604 | €1,231,697 | +€12,094 | +1.0% |
| Tangible fixed assets | 22/27 | €77,731 | €56,789 | -€20,942 | -26.9% |
| Land and buildings | 22 | €58,307 | €46,344 | -€11,963 | -20.5% |
| Plant, machinery and equipment | 23 | €4,456 | €2,885 | -€1,571 | -35.3% |
| Furniture and vehicles | 24 | €14,969 | €7,561 | -€7,407 | -49.5% |
| Financial fixed assets | 28 | €1,141,872 | €1,174,908 | +€33,036 | +2.9% |
| Current assets | 29/58 | €172,494 | €271,864 | +€99,370 | +57.6% |
| Amounts receivable within one year | 40/41 | - | €41,479 | +€41,479 | |
| Other amounts receivable | 41 | - | €41,479 | +€41,479 | |
| Cash at bank and in hand | 54/58 | €150,005 | €229,130 | +€79,125 | +52.7% |
| Deferred charges and accrued income | 490/1 | €22,489 | €1,255 | -€21,234 | -94.4% |
| Total equity and liabilities | 10/49 | €1,392,098 | €1,503,561 | +€111,463 | +8.0% |
| Equity | 10/15 | €1,062,963 | €1,258,716 | +€195,754 | +18.4% |
| Contributions | 10/11 | €83,400 | €83,400 | = | 0.0% |
| Reserves | 13 | €955,084 | €1,150,837 | +€195,754 | +20.5% |
| Non-distributable reserves | 130/1 | €6,714 | €6,714 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,714 | €6,714 | = | 0.0% |
| Distributable reserves | 133 | €948,370 | €1,144,123 | +€195,754 | +20.6% |
| Profit (loss) carried forward | 14 | €24,479 | €24,479 | = | 0.0% |
| Provisions and deferred taxes | 16 | €87,000 | €87,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €87,000 | €87,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €87,000 | €87,000 | = | 0.0% |
| Amounts payable | 17/49 | €242,135 | €157,845 | -€84,290 | -34.8% |
| Amounts payable within one year | 42/48 | €242,135 | €157,845 | -€84,290 | -34.8% |
| Trade debts | 44 | €16,774 | €52,452 | +€35,678 | +212.7% |
| Suppliers | 440/4 | €16,774 | €52,452 | +€35,678 | +212.7% |
| Taxes, remuneration and social security | 45 | €41,126 | - | -€41,126 | |
| Taxes | 450/3 | €41,126 | - | -€41,126 | |
| Other amounts payable | 47/48 | €184,236 | €105,393 | -€78,843 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,369 | €20,942 | +€1,573 | +8.1% |
| Other operating charges | 640/8 | €6,393 | €4,072 | -€2,321 | -36.3% |
| Non-recurring operating charges | 66A | - | €10,648 | +€10,648 | |
| Gross operating margin | 9900 | €379,472 | €320,114 | -€59,358 | -15.6% |
| Operating profit (loss) | 9901 | €353,710 | €284,452 | -€69,258 | -19.6% |
| Financial income | 75/76B | €53,006 | €22,431 | -€30,575 | -57.7% |
| Recurring financial income | 75 | €24,204 | €20,598 | -€3,605 | -14.9% |
| Non-recurring financial income | 76B | €28,802 | €1,833 | -€26,969 | -93.6% |
| Financial charges | 65/66B | €19,220 | €16,441 | -€2,779 | -14.5% |
| Recurring financial charges | 65 | €19,220 | €16,441 | -€2,779 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €387,496 | €290,442 | -€97,054 | -25.0% |
| Income taxes | 67/77 | €118,215 | €94,689 | -€23,526 | -19.9% |
| Profit (loss) for the period | 9904 | €269,281 | €195,754 | -€73,527 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €269,281 | €195,754 | -€73,527 | -27.3% |
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.