Medsupplies: 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.
Medsupplies
Largest movements
- Cash +€143,994
up €143,994 (+175%), from €82,504 to €226,498
mainly Trade debts (+€148,241) and Net result for the year (+€120,187)
- Receivables within one year +€95,158
up €95,158 (+40.3%), from €236,049 to €331,207
of which Trade receivables: +€66,659
- Intangible fixed assets -€31,553
down €31,553 (-90.9%), from €34,718 to €3,164
- Stocks and contracts +€31,534
up €31,534 (+26.5%), from €118,939 to €150,473
- Tangible fixed assets +€18,704
up €18,704 (+230%), from €8,141 to €26,846
of which Leasing and similar rights: +€22,397
- Reserves +€304,209
new in 2025: €304,209
- Profit (loss) carried forward -€184,022
no longer reported in 2025 (was €184,022)
- Trade debts +€148,241
up €148,241 (+69.0%), from €214,700 to €362,942
- Current portion of long-term debt -€15,424
down €15,424 (-66.4%), from €23,215 to €7,791
- Debts after one year +€14,414
up €14,414 (+453%), from €3,184 to €17,598
- Gross operating margin +€76,148
up €76,148 (+36.5%), from €208,702 to €284,850
- Depreciation -€34,483
down €34,483 (-47.5%), from €72,622 to €38,140
- Taxes +€24,608
up €24,608 (+159%), from €15,500 to €40,108
- Staff costs +€7,770
up €7,770 (+10.3%), from €75,363 to €83,132
- Other operating charges +€5,054
up €5,054 (+566%), from €894 to €5,948
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 | €485,569 | €743,904 | +€258,335 | +53.2% |
| Fixed assets | 21/28 | €46,259 | €33,410 | -€12,849 | -27.8% |
| Intangible fixed assets | 21 | €34,718 | €3,164 | -€31,553 | -90.9% |
| Tangible fixed assets | 22/27 | €8,141 | €26,846 | +€18,704 | +230% |
| Plant, machinery and equipment | 23 | €667 | €1,034 | +€368 | +55.2% |
| Furniture and vehicles | 24 | €4,057 | €646 | -€3,411 | -84.1% |
| Leasing and similar rights | 25 | - | €22,397 | +€22,397 | |
| Other tangible fixed assets | 26 | €3,417 | €2,767 | -€650 | -19.0% |
| Financial fixed assets | 28 | €3,400 | €3,400 | = | 0.0% |
| Current assets | 29/58 | €439,310 | €710,494 | +€271,184 | +61.7% |
| Stocks and contracts in progress | 3 | €118,939 | €150,473 | +€31,534 | +26.5% |
| Stocks | 30/36 | €118,939 | €150,473 | +€31,534 | +26.5% |
| Amounts receivable within one year | 40/41 | €236,049 | €331,207 | +€95,158 | +40.3% |
| Trade receivables | 40 | €205,280 | €271,939 | +€66,659 | +32.5% |
| Other amounts receivable | 41 | €30,769 | €59,268 | +€28,498 | +92.6% |
| Cash at bank and in hand | 54/58 | €82,504 | €226,498 | +€143,994 | +175% |
| Deferred charges and accrued income | 490/1 | €1,817 | €2,316 | +€499 | +27.4% |
| Total equity and liabilities | 10/49 | €485,569 | €743,904 | +€258,335 | +53.2% |
| Equity | 10/15 | €218,522 | €338,709 | +€120,187 | +55.0% |
| Contributions | 10/11 | €34,500 | €34,500 | = | 0.0% |
| Reserves | 13 | - | €304,209 | +€304,209 | |
| Distributable reserves | 133 | - | €304,209 | +€304,209 | |
| Profit (loss) carried forward | 14 | €184,022 | - | -€184,022 | |
| Amounts payable | 17/49 | €267,047 | €405,195 | +€138,148 | +51.7% |
| Amounts payable after more than one year | 17 | €3,184 | €17,598 | +€14,414 | +453% |
| Financial debts | 170/4 | €3,184 | €17,598 | +€14,414 | +453% |
| Amounts payable within one year | 42/48 | €263,711 | €387,589 | +€123,878 | +47.0% |
| Current portion of amounts payable after more than one year | 42 | €23,215 | €7,791 | -€15,424 | -66.4% |
| Trade debts | 44 | €214,700 | €362,942 | +€148,241 | +69.0% |
| Suppliers | 440/4 | €214,700 | €362,942 | +€148,241 | +69.0% |
| Taxes, remuneration and social security | 45 | €25,796 | €16,856 | -€8,939 | -34.7% |
| Taxes | 450/3 | €7,016 | - | -€7,016 | |
| Remuneration and social security | 454/9 | €18,780 | €16,856 | -€1,924 | -10.2% |
| Accrued charges and deferred income | 492/3 | €152 | €8 | -€144 | -94.8% |
| Remuneration, social security and pensions | 62 | €75,363 | €83,132 | +€7,770 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,622 | €38,140 | -€34,483 | -47.5% |
| Other operating charges | 640/8 | €894 | €5,948 | +€5,054 | +566% |
| Gross operating margin | 9900 | €208,702 | €284,850 | +€76,148 | +36.5% |
| Operating profit (loss) | 9901 | €59,823 | €157,630 | +€97,807 | +163% |
| Financial income | 75/76B | €285 | €3,577 | +€3,292 | +1,156% |
| Recurring financial income | 75 | €285 | €3,577 | +€3,292 | +1,156% |
| Financial charges | 65/66B | €1,227 | €912 | -€315 | -25.7% |
| Recurring financial charges | 65 | €1,227 | €912 | -€315 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €58,881 | €160,295 | +€101,414 | +172% |
| Income taxes | 67/77 | €15,500 | €40,108 | +€24,608 | +159% |
| Profit (loss) for the period | 9904 | €43,381 | €120,187 | +€76,806 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €43,381 | €120,187 | +€76,806 | +177% |
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 14 October 2026 via checked.be.