MEDSANA: 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.
MEDSANA
Largest movements
- Cash -€30,639
down €30,639 (-13.4%), from €228,719 to €198,080
mainly Other debts (-€48,886) and Investment in fixed assets (net) (-€38,500)
- Tangible fixed assets +€24,730
up €24,730 (+8.1%), from €303,692 to €328,422
of which Furniture and vehicles: +€37,298
- Receivables within one year +€23,599
up €23,599 (+421%), from €5,607 to €29,207
of which Other amounts receivable: +€16,666
- Reserves +€53,005
up €53,005 (+19.3%), from €274,203 to €327,208
- Other debts -€48,886
down €48,886 (-97.4%), from €50,206 to €1,320
- Current portion of long-term debt +€15,328
up €15,328 (+58.9%), from €26,026 to €41,355
- Trade debts +€9,594
up €9,594 (+513%), from €1,869 to €11,463
- Tax, wage and social debts -€8,025
no longer reported in 2025 (was €8,025)
- Gross operating margin +€18,919
up €18,919 (+15.7%), from €120,425 to €139,344
- Financial charges -€11,823
down €11,823 (-19.6%), from €60,228 to €48,405
- Taxes +€8,334
up €8,334 (+67.2%), from €12,393 to €20,726
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 | €539,481 | €562,196 | +€22,715 | +4.2% |
| Fixed assets | 21/28 | €304,142 | €328,872 | +€24,730 | +8.1% |
| Tangible fixed assets | 22/27 | €303,692 | €328,422 | +€24,730 | +8.1% |
| Land and buildings | 22 | €303,692 | €291,124 | -€12,568 | -4.1% |
| Furniture and vehicles | 24 | - | €37,298 | +€37,298 | |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €235,339 | €233,324 | -€2,015 | -0.9% |
| Amounts receivable within one year | 40/41 | €5,607 | €29,207 | +€23,599 | +421% |
| Trade receivables | 40 | - | €6,933 | +€6,933 | |
| Other amounts receivable | 41 | €5,607 | €22,274 | +€16,666 | +297% |
| Cash at bank and in hand | 54/58 | €228,719 | €198,080 | -€30,639 | -13.4% |
| Deferred charges and accrued income | 490/1 | €1,013 | €6,037 | +€5,024 | +496% |
| Total equity and liabilities | 10/49 | €539,481 | €562,196 | +€22,715 | +4.2% |
| Equity | 10/15 | €331,246 | €384,252 | +€53,005 | +16.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €274,203 | €327,208 | +€53,005 | +19.3% |
| Distributable reserves | 133 | €274,203 | €327,208 | +€53,005 | +19.3% |
| Profit (loss) carried forward | 14 | €44,643 | €44,643 | = | 0.0% |
| Amounts payable | 17/49 | €208,235 | €177,944 | -€30,291 | -14.5% |
| Amounts payable after more than one year | 17 | €122,109 | €123,807 | +€1,698 | +1.4% |
| Financial debts | 170/4 | €122,109 | €123,807 | +€1,698 | +1.4% |
| Amounts payable within one year | 42/48 | €86,126 | €54,137 | -€31,989 | -37.1% |
| Current portion of amounts payable after more than one year | 42 | €26,026 | €41,355 | +€15,328 | +58.9% |
| Trade debts | 44 | €1,869 | €11,463 | +€9,594 | +513% |
| Suppliers | 440/4 | €1,869 | €11,463 | +€9,594 | +513% |
| Taxes, remuneration and social security | 45 | €8,025 | - | -€8,025 | |
| Taxes | 450/3 | €8,025 | - | -€8,025 | |
| Other amounts payable | 47/48 | €50,206 | €1,320 | -€48,886 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,856 | €13,770 | +€914 | +7.1% |
| Other operating charges | 640/8 | €3,271 | €3,437 | +€165 | +5.1% |
| Gross operating margin | 9900 | €120,425 | €139,344 | +€18,919 | +15.7% |
| Operating profit (loss) | 9901 | €104,297 | €122,137 | +€17,840 | +17.1% |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €60,228 | €48,405 | -€11,823 | -19.6% |
| Recurring financial charges | 65 | €60,228 | €48,405 | -€11,823 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €44,087 | €73,732 | +€29,645 | +67.2% |
| Income taxes | 67/77 | €12,393 | €20,726 | +€8,334 | +67.2% |
| Profit (loss) for the period | 9904 | €31,694 | €53,005 | +€21,311 | +67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,694 | €53,005 | +€21,311 | +67.2% |
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 21 October 2026 via checked.be.