MEDSOC: 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.
MEDSOC
Largest movements
- Receivables within one year +€536,598
up €536,598 (+52.9%), from €1.0m to €1.6m
of which Trade receivables: +€537,008
- Intangible fixed assets -€333,445
down €333,445 (-13.6%), from €2.4m to €2.1m
- Cash -€309,721
down €309,721 (-78.5%), from €394,634 to €84,912
mainly Receivables within one year (-€536,598) and Debts after one year (-€217,605)
- Deferred charges and accrued income -€141,949
down €141,949 (-58.1%), from €244,290 to €102,340
- Financial fixed assets -€44,283
down €44,283 (-84.1%), from €52,684 to €8,401
- Debts within one year +€300,567
up €300,567 (+29.1%), from €1.0m to €1.3m
of which Short-term financial debts: +€246,166
- Debts after one year -€217,605
down €217,605 (-9.4%), from €2.3m to €2.1m
- Profit (loss) carried forward -€217,513
down €217,513 (-31.3%), from €694,968 to €477,455
- Accrued charges and deferred income -€124,837
down €124,837 (-99.9%), from €125,001 to €164
- Staff costs +€143,167
up €143,167 (+7.9%), from €1.8m to €2.0m
- Gross operating margin -€122,008
down €122,008 (-5.2%), from €2.3m to €2.2m
- Financial charges +€23,852
up €23,852 (+37.6%), from €63,386 to €87,238
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 | €4,376,090 | €4,116,702 | -€259,388 | -5.9% |
| Fixed assets | 21/28 | €2,523,103 | €2,178,788 | -€344,316 | -13.6% |
| Intangible fixed assets | 21 | €2,447,785 | €2,114,341 | -€333,445 | -13.6% |
| Tangible fixed assets | 22/27 | €22,635 | €56,046 | +€33,412 | +147.6% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €22,635 | €25,757 | +€3,122 | +13.8% |
| Other tangible fixed assets | 26 | - | €30,290 | +€30,290 | |
| Financial fixed assets | 28 | €52,684 | €8,401 | -€44,283 | -84.1% |
| Current assets | 29/58 | €1,852,987 | €1,937,915 | +€84,927 | +4.6% |
| Amounts receivable within one year | 40/41 | €1,014,064 | €1,550,662 | +€536,598 | +52.9% |
| Trade receivables | 40 | €1,007,401 | €1,544,409 | +€537,008 | +53.3% |
| Other amounts receivable | 41 | €6,663 | €6,254 | -€410 | -6.1% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €394,634 | €84,912 | -€309,721 | -78.5% |
| Deferred charges and accrued income | 490/1 | €244,290 | €102,340 | -€141,949 | -58.1% |
| Total equity and liabilities | 10/49 | €4,376,090 | €4,116,702 | -€259,388 | -5.9% |
| Equity | 10/15 | €828,682 | €611,168 | -€217,513 | -26.2% |
| Contributions | 10/11 | €133,714 | €133,714 | = | 0.0% |
| Capital | 10 | €133,714 | €133,714 | = | 0.0% |
| Profit (loss) carried forward | 14 | €694,968 | €477,455 | -€217,513 | -31.3% |
| Provisions and deferred taxes | 16 | €70,000 | €70,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €70,000 | €70,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable | 17/49 | €3,477,409 | €3,435,534 | -€41,875 | -1.2% |
| Amounts payable after more than one year | 17 | €2,320,278 | €2,102,672 | -€217,605 | -9.4% |
| Financial debts | 170/4 | €2,320,278 | €2,102,672 | -€217,605 | -9.4% |
| Amounts payable within one year | 42/48 | €1,032,130 | €1,332,698 | +€300,567 | +29.1% |
| Current portion of amounts payable after more than one year | 42 | €371,170 | €249,677 | -€121,493 | -32.7% |
| Financial debts | 43 | €3,834 | €250,000 | +€246,166 | +6420.0% |
| Credit institutions | 430/8 | €3,834 | €250,000 | +€246,166 | +6420.0% |
| Trade debts | 44 | €362,242 | €349,312 | -€12,930 | -3.6% |
| Suppliers | 440/4 | €362,242 | €349,312 | -€12,930 | -3.6% |
| Taxes, remuneration and social security | 45 | €194,884 | €383,709 | +€188,825 | +96.9% |
| Taxes | 450/3 | €5,597 | €99,554 | +€93,957 | +1678.8% |
| Remuneration and social security | 454/9 | €189,287 | €284,155 | +€94,868 | +50.1% |
| Accrued charges and deferred income | 492/3 | €125,001 | €164 | -€124,837 | -99.9% |
| Non-recurring operating income | 76A | €26,460 | - | -€26,460 | |
| Remuneration, social security and pensions | 62 | €1,821,097 | €1,964,264 | +€143,167 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370,595 | €361,178 | -€9,417 | -2.5% |
| Other operating charges | 640/8 | €9,628 | €4,471 | -€5,157 | -53.6% |
| Gross operating margin | 9900 | €2,338,472 | €2,216,464 | -€122,008 | -5.2% |
| Operating profit (loss) | 9901 | €137,152 | -€113,449 | -€250,601 | |
| Financial income | 75/76B | €5,470 | €4,254 | -€1,216 | -22.2% |
| Recurring financial income | 75 | €5,470 | €4,254 | -€1,216 | -22.2% |
| Financial charges | 65/66B | €63,386 | €87,238 | +€23,852 | +37.6% |
| Recurring financial charges | 65 | €63,386 | €87,238 | +€23,852 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €79,236 | -€196,433 | -€275,669 | |
| Income taxes | 67/77 | €5,173 | €21,080 | +€15,907 | +307.5% |
| Profit (loss) for the period | 9904 | €74,063 | -€217,513 | -€291,576 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,063 | -€217,513 | -€291,576 |
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 2 October 2026 via checked.be.