MedStep: 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.
MedStep
Largest movements
- Cash -€79,190
down €79,190 (-33.7%), from €234,908 to €155,718
mainly Contributions, distributions and other (-€47,327) and Investment in fixed assets (net) (-€46,817)
- Tangible fixed assets +€35,847
up €35,847 (+176.2%), from €20,348 to €56,195
of which Land and buildings: +€39,135
- Reserves -€47,472
down €47,472 (-18.1%), from €262,987 to €215,515
of which Distributable reserves: -€47,327
- Profit (loss) carried forward +€12,433
new in 2025: €12,433
- Tax, wage and social debts -€8,023
no longer reported in 2025 (was €8,023)
- Gross operating margin -€48,263
down €48,263 (-62.7%), from €77,007 to €28,745
- Taxes -€14,745
down €14,745 (-76.3%), from €19,323 to €4,578
- Depreciation +€1,610
up €1,610 (+17.2%), from €9,360 to €10,970
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 | €281,428 | €236,269 | -€45,160 | -16.0% |
| Fixed assets | 21/28 | €20,608 | €56,455 | +€35,847 | +173.9% |
| Tangible fixed assets | 22/27 | €20,348 | €56,195 | +€35,847 | +176.2% |
| Land and buildings | 22 | €1,746 | €40,881 | +€39,135 | +2241.3% |
| Furniture and vehicles | 24 | €18,602 | €15,313 | -€3,288 | -17.7% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €260,821 | €179,814 | -€81,007 | -31.1% |
| Amounts receivable within one year | 40/41 | €22,659 | €20,717 | -€1,943 | -8.6% |
| Trade receivables | 40 | €21,768 | €4,987 | -€16,781 | -77.1% |
| Other amounts receivable | 41 | €891 | €15,730 | +€14,838 | +1664.6% |
| Cash at bank and in hand | 54/58 | €234,908 | €155,718 | -€79,190 | -33.7% |
| Deferred charges and accrued income | 490/1 | €3,253 | €3,379 | +€126 | +3.9% |
| Total equity and liabilities | 10/49 | €281,428 | €236,269 | -€45,160 | -16.0% |
| Equity | 10/15 | €269,187 | €234,148 | -€35,039 | -13.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €262,987 | €215,515 | -€47,472 | -18.1% |
| Tax-exempt reserves | 132 | €146 | - | -€146 | |
| Distributable reserves | 133 | €262,842 | €215,515 | -€47,327 | -18.0% |
| Profit (loss) carried forward | 14 | - | €12,433 | +€12,433 | |
| Amounts payable | 17/49 | €12,241 | €2,120 | -€10,121 | -82.7% |
| Amounts payable within one year | 42/48 | €11,849 | €2,120 | -€9,729 | -82.1% |
| Financial debts | 43 | €30 | €30 | = | 0.0% |
| Credit institutions | 430/8 | €30 | €30 | = | 0.0% |
| Trade debts | 44 | €2,411 | €1,845 | -€566 | -23.5% |
| Suppliers | 440/4 | €2,411 | €1,845 | -€566 | -23.5% |
| Taxes, remuneration and social security | 45 | €8,023 | - | -€8,023 | |
| Taxes | 450/3 | €8,023 | - | -€8,023 | |
| Other amounts payable | 47/48 | €1,385 | €245 | -€1,140 | -82.3% |
| Accrued charges and deferred income | 492/3 | €392 | - | -€392 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,360 | €10,970 | +€1,610 | +17.2% |
| Other operating charges | 640/8 | €1,151 | €1,757 | +€607 | +52.7% |
| Non-recurring operating charges | 66A | €759 | - | -€759 | |
| Gross operating margin | 9900 | €77,007 | €28,745 | -€48,263 | -62.7% |
| Operating profit (loss) | 9901 | €65,737 | €16,017 | -€49,720 | -75.6% |
| Financial income | 75/76B | €1,004 | €1,025 | +€21 | +2.1% |
| Recurring financial income | 75 | €1,004 | €1,025 | +€21 | +2.1% |
| Financial charges | 65/66B | €665 | €178 | -€487 | -73.3% |
| Recurring financial charges | 65 | €665 | €178 | -€487 | -73.3% |
| Profit (loss) for the period before taxes | 9903 | €66,076 | €16,865 | -€49,211 | -74.5% |
| Income taxes | 67/77 | €19,323 | €4,578 | -€14,745 | -76.3% |
| Profit (loss) for the period | 9904 | €46,754 | €12,287 | -€34,466 | -73.7% |
| Transfer from tax-exempt reserves | 789 | - | €146 | +€146 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,754 | €12,433 | -€34,321 | -73.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.