MEDSKILLS: 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.
MEDSKILLS
Largest movements
- Stocks and contracts +€90,310
new in 2025: €90,310
- Receivables within one year +€43,361
up €43,361 (+208%), from €20,870 to €64,231
of which Trade receivables: +€41,186
- Cash +€29,363
up €29,363 (+221%), from €13,266 to €42,629
mainly Net result for the year (+€81,628) and Trade debts (+€53,666)
- Tangible fixed assets +€15,893
up €15,893 (+328%), from €4,843 to €20,736
of which Furniture and vehicles: +€16,416
- Intangible fixed assets +€8,707
new in 2025: €8,707
- Reserves +€71,948
up €71,948 (+222%), from €32,385 to €104,334
- Trade debts +€53,666
up €53,666 (+10,578%), from €507 to €54,173
- Debts after one year +€23,143
new in 2025: €23,143
- Tax, wage and social debts +€22,925
up €22,925 (+803%), from €2,854 to €25,778
of which Taxes: +€19,957
- Other debts +€10,000
new in 2025: €10,000
- Gross operating margin +€96,005
up €96,005 (+640%), from €14,997 to €111,002
- Taxes +€18,059
up €18,059 (+404%), from €4,474 to €22,532
- Depreciation +€2,054
up €2,054 (+251%), from €819 to €2,874
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 | €40,290 | €228,213 | +€187,923 | +466% |
| Fixed assets | 21/28 | €4,843 | €29,442 | +€24,599 | +508% |
| Intangible fixed assets | 21 | - | €8,707 | +€8,707 | |
| Tangible fixed assets | 22/27 | €4,843 | €20,736 | +€15,893 | +328% |
| Plant, machinery and equipment | 23 | €4,210 | €3,687 | -€523 | -12.4% |
| Furniture and vehicles | 24 | €633 | €17,049 | +€16,416 | +2,593% |
| Current assets | 29/58 | €35,448 | €198,771 | +€163,323 | +461% |
| Stocks and contracts in progress | 3 | - | €90,310 | +€90,310 | |
| Stocks | 30/36 | - | €90,310 | +€90,310 | |
| Amounts receivable within one year | 40/41 | €20,870 | €64,231 | +€43,361 | +208% |
| Trade receivables | 40 | €10,099 | €51,285 | +€41,186 | +408% |
| Other amounts receivable | 41 | €10,771 | €12,946 | +€2,175 | +20.2% |
| Cash at bank and in hand | 54/58 | €13,266 | €42,629 | +€29,363 | +221% |
| Deferred charges and accrued income | 490/1 | €1,312 | €1,602 | +€290 | +22.1% |
| Total equity and liabilities | 10/49 | €40,290 | €228,213 | +€187,923 | +466% |
| Equity | 10/15 | €34,705 | €106,334 | +€71,628 | +206% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €32,385 | €104,334 | +€71,948 | +222% |
| Distributable reserves | 133 | €32,385 | €104,334 | +€71,948 | +222% |
| Profit (loss) carried forward | 14 | €320 | - | -€320 | |
| Amounts payable | 17/49 | €5,585 | €121,880 | +€116,295 | +2,082% |
| Amounts payable after more than one year | 17 | - | €23,143 | +€23,143 | |
| Financial debts | 170/4 | - | €23,143 | +€23,143 | |
| Amounts payable within one year | 42/48 | €5,585 | €97,722 | +€92,136 | +1,650% |
| Current portion of amounts payable after more than one year | 42 | - | €7,770 | +€7,770 | |
| Financial debts | 43 | €2,224 | - | -€2,224 | |
| Other loans | 439 | €2,224 | - | -€2,224 | |
| Trade debts | 44 | €507 | €54,173 | +€53,666 | +10,578% |
| Suppliers | 440/4 | €507 | €54,173 | +€53,666 | +10,578% |
| Taxes, remuneration and social security | 45 | €2,854 | €25,778 | +€22,925 | +803% |
| Taxes | 450/3 | €2,854 | €22,810 | +€19,957 | +699% |
| Remuneration and social security | 454/9 | - | €2,968 | +€2,968 | |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Accrued charges and deferred income | 492/3 | - | €1,015 | +€1,015 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €819 | €2,874 | +€2,054 | +251% |
| Other operating charges | 640/8 | €2,219 | €1,124 | -€1,095 | -49.3% |
| Non-recurring operating charges | 66A | - | €948 | +€948 | |
| Gross operating margin | 9900 | €14,997 | €111,002 | +€96,005 | +640% |
| Operating profit (loss) | 9901 | €11,959 | €106,056 | +€94,097 | +787% |
| Financial income | 75/76B | - | €49 | +€49 | |
| Recurring financial income | 75 | - | €49 | +€49 | |
| Financial charges | 65/66B | €1,300 | €1,944 | +€644 | +49.6% |
| Recurring financial charges | 65 | €1,300 | €1,944 | +€644 | +49.6% |
| Profit (loss) for the period before taxes | 9903 | €10,659 | €104,161 | +€93,502 | +877% |
| Income taxes | 67/77 | €4,474 | €22,532 | +€18,059 | +404% |
| Profit (loss) for the period | 9904 | €6,185 | €81,628 | +€75,443 | +1,220% |
| Profit (loss) for the period to be appropriated | 9905 | €6,185 | €81,628 | +€75,443 | +1,220% |
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 29 October 2026 via checked.be.