MEDROPEX: 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.
MEDROPEX
Largest movements
- Receivables within one year +€41,450
up €41,450 (+77.5%), from €53,472 to €94,922
of which Other amounts receivable: +€20,839
- Tangible fixed assets -€20,430
down €20,430 (-6.6%), from €310,568 to €290,137
of which Land and buildings: -€17,312
- Reserves +€22,381
up €22,381 (+5.1%), from €435,122 to €457,503
of which Distributable reserves: +€22,381
- Gross operating margin +€6,881
up €6,881 (+13.4%), from €51,202 to €58,083
- Taxes +€1,938
up €1,938 (+16.8%), from €11,504 to €13,442
- Depreciation +€1,815
up €1,815 (+8.4%), from €21,615 to €23,430
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 | €456,196 | €476,060 | +€19,864 | +4.4% |
| Fixed assets | 21/28 | €310,630 | €290,200 | -€20,430 | -6.6% |
| Tangible fixed assets | 22/27 | €310,568 | €290,137 | -€20,430 | -6.6% |
| Land and buildings | 22 | €270,384 | €253,072 | -€17,312 | -6.4% |
| Plant, machinery and equipment | 23 | €31,772 | €27,991 | -€3,781 | -11.9% |
| Furniture and vehicles | 24 | €8,412 | €9,074 | +€663 | +7.9% |
| Financial fixed assets | 28 | €63 | €63 | = | 0.0% |
| Current assets | 29/58 | €145,566 | €185,860 | +€40,295 | +27.7% |
| Amounts receivable after more than one year | 29 | €35,800 | €35,800 | = | 0.0% |
| Other amounts receivable | 291 | €35,800 | €35,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €53,472 | €94,922 | +€41,450 | +77.5% |
| Trade receivables | 40 | €7,662 | €28,273 | +€20,611 | +269.0% |
| Other amounts receivable | 41 | €45,810 | €66,649 | +€20,839 | +45.5% |
| Current investments | 50/53 | €4,202 | €4,323 | +€120 | +2.9% |
| Cash at bank and in hand | 54/58 | €51,141 | €50,343 | -€798 | -1.6% |
| Deferred charges and accrued income | 490/1 | €950 | €472 | -€478 | -50.3% |
| Total equity and liabilities | 10/49 | €456,196 | €476,060 | +€19,864 | +4.4% |
| Equity | 10/15 | €447,522 | €469,903 | +€22,381 | +5.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €435,122 | €457,503 | +€22,381 | +5.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,825 | €9,825 | = | 0.0% |
| Distributable reserves | 133 | €423,297 | €445,678 | +€22,381 | +5.3% |
| Amounts payable | 17/49 | €8,674 | €6,158 | -€2,516 | -29.0% |
| Amounts payable within one year | 42/48 | €8,674 | €6,158 | -€2,516 | -29.0% |
| Trade debts | 44 | €4,741 | €4,372 | -€369 | -7.8% |
| Suppliers | 440/4 | €4,741 | €4,372 | -€369 | -7.8% |
| Taxes, remuneration and social security | 45 | €3,933 | €1,785 | -€2,147 | -54.6% |
| Taxes | 450/3 | €3,933 | €1,785 | -€2,147 | -54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,615 | €23,430 | +€1,815 | +8.4% |
| Other operating charges | 640/8 | €1,678 | €1,622 | -€56 | -3.3% |
| Gross operating margin | 9900 | €51,202 | €58,083 | +€6,881 | +13.4% |
| Operating profit (loss) | 9901 | €27,909 | €33,031 | +€5,122 | +18.4% |
| Financial income | 75/76B | €2,827 | €2,874 | +€46 | +1.6% |
| Recurring financial income | 75 | €2,827 | €2,874 | +€46 | +1.6% |
| Financial charges | 65/66B | €73 | €82 | +€9 | +12.4% |
| Recurring financial charges | 65 | €73 | €82 | +€9 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €30,664 | €35,823 | +€5,159 | +16.8% |
| Income taxes | 67/77 | €11,504 | €13,442 | +€1,938 | +16.8% |
| Profit (loss) for the period | 9904 | €19,159 | €22,381 | +€3,221 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,159 | €22,381 | +€3,221 | +16.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.