MedTech Europe: 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.
What changed
MedTech Europe
NACE 73.300, Public relations and communication consultancy
financial year 2023 compared with 2022filed annual accounts (NBB)
Net result for the year
€13,858
2022 · €16,398-€2,540
Equity
€8.5m
2022 · €8.4m+€13,858
Cash
€8.2m
2022 · €6.9m+€1.3m
Balance sheet total
€11.9m
2022 · €12.2m-€241,753
Largest movements
Assets
- Cash +€1.3m
up €1.3m (+19.1%), from €6.9m to €8.2m
mainly Current investments (+€998,407) and Provisions (+€850,000)
- Current investments -€998,407
down €998,407 (-28.4%), from €3.5m to €2.5m
- Receivables within one year -€568,320
down €568,320 (-36.7%), from €1.5m to €979,147
of which Trade receivables: -€814,909
Equity and liabilities
- Debts within one year -€896,395
down €896,395 (-28.9%), from €3.1m to €2.2m
of which Tax, wage and social debts: -€812,198
- Provisions +€850,000
new in 2023: €850,000
- Accrued charges and deferred income -€209,215
down €209,215 (-33.9%), from €617,691 to €408,476
Income statement
- Staff costs -€650,471
down €650,471 (-9.2%), from €7.1m to €6.4m
- Services and other goods +€173,107
up €173,107 (+3.7%), from €4.6m to €4.8m
From the 2022 result to the 2023 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.
Result 2022
€16,398
Staff costs
+€650,471
Depreciation
+€4,513
Write-downs
-€82,522
Other operating charges
-€104
Other operating items
-€553,809
Financial income
+€1,456
Financial charges
-€20,141
Taxes
-€2,404
Result 2023
€13,858
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€344,170
Investment
+€965,214
Financing
€0
Cash 2022
€6.9m
From operations (derived)
+€344,170
Net result for the year
+€13,858
Depreciation
+€98,645
Receivables within one year
+€568,320
Deferred charges and accrued income
-€81,042
Provisions
+€850,000
Debts within one year
-€896,395
Accrued charges and deferred income
-€209,215
Investment (derived)
+€965,214
Investment in fixed assets (net)
-€33,193
Current investments
+€998,407
Cash 2023
€8.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,163,398 | €11,921,645 | -€241,753 | -2.0% |
| Fixed assets | 21/28 | €239,285 | €173,833 | -€65,451 | -27.4% |
| Tangible fixed assets | 22/27 | €239,285 | €173,833 | -€65,451 | -27.4% |
| Plant, machinery and equipment | 23 | €208,061 | €144,136 | -€63,925 | -30.7% |
| Furniture and vehicles | 24 | €31,224 | €29,697 | -€1,526 | -4.9% |
| Current assets | 29/58 | €11,924,113 | €11,747,812 | -€176,301 | -1.5% |
| Amounts receivable within one year | 40/41 | €1,547,467 | €979,147 | -€568,320 | -36.7% |
| Trade receivables | 40 | €1,414,841 | €599,931 | -€814,909 | -57.6% |
| Other amounts receivable | 41 | €132,626 | €379,216 | +€246,590 | +186% |
| Current investments | 50/53 | €3,512,243 | €2,513,836 | -€998,407 | -28.4% |
| Cash at bank and in hand | 54/58 | €6,857,761 | €8,167,144 | +€1.3m | +19.1% |
| Deferred charges and accrued income | 490/1 | €6,642 | €87,684 | +€81,042 | +1,220% |
| Total equity and liabilities | 10/49 | €12,163,398 | €11,921,645 | -€241,753 | -2.0% |
| Equity | 10/15 | €8,445,130 | €8,458,988 | +€13,858 | +0.2% |
| Contributions | 10/11 | €5,433 | €5,433 | = | 0.0% |
| Capital | 10 | €5,433 | €5,433 | = | 0.0% |
| Reserves | 13 | €6,536,687 | €6,536,687 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,903,010 | €1,916,868 | +€13,858 | +0.7% |
| Provisions and deferred taxes | 16 | - | €850,000 | +€850,000 | |
| Provisions for liabilities and charges | 160/5 | - | €850,000 | +€850,000 | |
| Other liabilities and charges | 164/5 | - | €850,000 | +€850,000 | |
| Amounts payable | 17/49 | €3,718,268 | €2,612,657 | -€1.1m | -29.7% |
| Amounts payable within one year | 42/48 | €3,100,576 | €2,204,181 | -€896,395 | -28.9% |
| Trade debts | 44 | €884,965 | €915,405 | +€30,440 | +3.4% |
| Suppliers | 440/4 | €884,965 | €915,405 | +€30,440 | +3.4% |
| Taxes, remuneration and social security | 45 | €2,092,137 | €1,279,939 | -€812,198 | -38.8% |
| Taxes | 450/3 | €556,772 | €64 | -€556,707 | -100.0% |
| Remuneration and social security | 454/9 | €1,535,365 | €1,279,875 | -€255,490 | -16.6% |
| Accrued charges and deferred income | 492/3 | €617,691 | €408,476 | -€209,215 | -33.9% |
| Operating income | 70/76A | €11,878,756 | €12,348,053 | +€469,298 | +4.0% |
| Membership fees, donations, legacies and grants | 73 | €11,579,390 | €12,029,374 | +€449,984 | +3.9% |
| Other operating income | 74 | €299,366 | €318,680 | +€19,314 | +6.5% |
| Operating charges | 60/66A | €11,850,658 | €12,301,406 | +€450,748 | +3.8% |
| Services and other goods | 61 | €4,617,241 | €4,790,348 | +€173,107 | +3.7% |
| Remuneration, social security and pensions | 62 | €7,085,356 | €6,434,885 | -€650,471 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,157 | €98,645 | -€4,513 | -4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,231 | €122,752 | +€82,522 | +205% |
| Other operating charges | 640/8 | €4,673 | €4,777 | +€104 | +2.2% |
| Operating profit (loss) | 9901 | €28,098 | €46,647 | +€18,550 | +66.0% |
| Financial income | 75/76B | €3,426 | €4,881 | +€1,456 | +42.5% |
| Recurring financial income | 75 | €3,426 | €4,881 | +€1,456 | +42.5% |
| Income from current assets | 751 | €743 | €3,551 | +€2,809 | +378% |
| Other financial income | 752/9 | €2,683 | €1,330 | -€1,353 | -50.4% |
| Financial charges | 65/66B | €10,653 | €30,794 | +€20,141 | +189% |
| Recurring financial charges | 65 | €10,653 | €30,794 | +€20,141 | +189% |
| Debt charges | 650 | - | €77 | +€77 | |
| Other financial charges | 652/9 | €10,653 | €30,716 | +€20,064 | +188% |
| Profit (loss) for the period before taxes | 9903 | €20,870 | €20,735 | -€135 | -0.6% |
| Income taxes | 67/77 | €4,473 | €6,877 | +€2,404 | +53.7% |
| Taxes | 670/3 | €4,473 | €6,877 | +€2,404 | +53.7% |
| Profit (loss) for the period | 9904 | €16,398 | €13,858 | -€2,540 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,398 | €13,858 | -€2,540 | -15.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.