Medtradex: 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.
Medtradex
Largest movements
- Cash -€94,706
down €94,706 (-29.4%), from €321,999 to €227,294
mainly Contributions, distributions and other (-€357,951) and Trade debts (-€111,415)
- Tangible fixed assets -€34,491
down €34,491 (-31.9%), from €108,004 to €73,513
of which Furniture and vehicles: -€18,830
- Stocks and contracts +€27,796
up €27,796 (+17.4%), from €159,353 to €187,149
- Intangible fixed assets -€23,633
down €23,633 (-72.0%), from €32,838 to €9,205
- Receivables within one year +€22,975
up €22,975 (+5.3%), from €432,610 to €455,586
of which Other amounts receivable: +€38,193
- Profit (loss) carried forward -€341,825
down €341,825 (-57.5%), from €594,882 to €253,057
- Other debts +€304,818
up €304,818, from €0 to €304,818
- Trade debts -€111,415
down €111,415 (-37.0%), from €300,917 to €189,502
- Provisions +€64,982
new in 2025: €64,982
- Current portion of long-term debt -€24,442
down €24,442 (-100%), from €24,442 to €0
- Provisions +€64,982
new in 2025: €64,982
- Depreciation -€43,416
down €43,416 (-34.2%), from €126,785 to €83,369
- Staff costs +€33,086
up €33,086 (+9.1%), from €364,394 to €397,480
- Gross operating margin +€7,080
up €7,080 (+1.2%), from €586,636 to €593,716
- Taxes +€6,223
up €6,223 (+29.6%), from €21,017 to €27,240
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 | €1,066,726 | €952,747 | -€113,980 | -10.7% |
| Fixed assets | 21/28 | €140,842 | €82,718 | -€58,124 | -41.3% |
| Intangible fixed assets | 21 | €32,838 | €9,205 | -€23,633 | -72.0% |
| Tangible fixed assets | 22/27 | €108,004 | €73,513 | -€34,491 | -31.9% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €54,448 | €38,787 | -€15,661 | -28.8% |
| Furniture and vehicles | 24 | €53,556 | €34,726 | -€18,830 | -35.2% |
| Current assets | 29/58 | €925,884 | €870,029 | -€55,856 | -6.0% |
| Stocks and contracts in progress | 3 | €159,353 | €187,149 | +€27,796 | +17.4% |
| Stocks | 30/36 | €159,353 | €187,149 | +€27,796 | +17.4% |
| Amounts receivable within one year | 40/41 | €432,610 | €455,586 | +€22,975 | +5.3% |
| Trade receivables | 40 | €426,092 | €410,874 | -€15,218 | -3.6% |
| Other amounts receivable | 41 | €6,519 | €44,712 | +€38,193 | +586% |
| Cash at bank and in hand | 54/58 | €321,999 | €227,294 | -€94,706 | -29.4% |
| Deferred charges and accrued income | 490/1 | €11,921 | €0 | -€11,921 | -100% |
| Total equity and liabilities | 10/49 | €1,066,726 | €952,747 | -€113,980 | -10.7% |
| Equity | 10/15 | €614,445 | €270,917 | -€343,528 | -55.9% |
| Contributions | 10/11 | €17,030 | €17,030 | = | 0.0% |
| Reserves | 13 | €2,533 | €830 | -€1,703 | -67.2% |
| Tax-exempt reserves | 132 | €830 | €830 | = | 0.0% |
| Distributable reserves | 133 | €1,703 | €0 | -€1,703 | -100% |
| Profit (loss) carried forward | 14 | €594,882 | €253,057 | -€341,825 | -57.5% |
| Provisions and deferred taxes | 16 | - | €64,982 | +€64,982 | |
| Provisions for liabilities and charges | 160/5 | - | €64,982 | +€64,982 | |
| Other liabilities and charges | 164/5 | - | €64,982 | +€64,982 | |
| Amounts payable | 17/49 | €452,281 | €616,848 | +€164,567 | +36.4% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €402,236 | €562,468 | +€160,233 | +39.8% |
| Current portion of amounts payable after more than one year | 42 | €24,442 | €0 | -€24,442 | -100% |
| Trade debts | 44 | €300,917 | €189,502 | -€111,415 | -37.0% |
| Suppliers | 440/4 | €300,917 | €189,502 | -€111,415 | -37.0% |
| Taxes, remuneration and social security | 45 | €76,877 | €68,148 | -€8,728 | -11.4% |
| Taxes | 450/3 | €11,979 | €25,503 | +€13,524 | +113% |
| Remuneration and social security | 454/9 | €64,898 | €42,645 | -€22,253 | -34.3% |
| Other amounts payable | 47/48 | €0 | €304,818 | +€304,818 | |
| Accrued charges and deferred income | 492/3 | €46 | €4,380 | +€4,334 | +9,492% |
| Non-recurring operating income | 76A | €329 | €0 | -€329 | -100% |
| Remuneration, social security and pensions | 62 | €364,394 | €397,480 | +€33,086 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,785 | €83,369 | -€43,416 | -34.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €64,982 | +€64,982 | |
| Other operating charges | 640/8 | €7,176 | €5,082 | -€2,094 | -29.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €586,636 | €593,716 | +€7,080 | +1.2% |
| Operating profit (loss) | 9901 | €88,281 | €42,803 | -€45,478 | -51.5% |
| Financial income | 75/76B | €566 | €5,600 | +€5,034 | +889% |
| Recurring financial income | 75 | €566 | €5,600 | +€5,034 | +889% |
| Financial charges | 65/66B | €5,865 | €6,741 | +€875 | +14.9% |
| Recurring financial charges | 65 | €5,865 | €6,741 | +€875 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €82,982 | €41,662 | -€41,320 | -49.8% |
| Income taxes | 67/77 | €21,017 | €27,240 | +€6,223 | +29.6% |
| Profit (loss) for the period | 9904 | €61,965 | €14,423 | -€47,542 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,965 | €14,423 | -€47,542 | -76.7% |
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 22 October 2026 via checked.be.