MedVenture: 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.
MedVenture
Largest movements
- Current investments +€313,157
up €313,157 (+76.2%), from €411,074 to €724,231
- Cash -€73,294
down €73,294 (-11.2%), from €655,944 to €582,649
mainly Current investments (-€313,157) and Investment in fixed assets (net) (-€5,685)
- Receivables within one year -€29,447
down €29,447 (-72.7%), from €40,480 to €11,033
of which Other amounts receivable: -€16,905
- Reserves +€199,380
up €199,380 (+17.8%), from €1.1m to €1.3m
- Financial income +€156,896
up €156,896 (+1,069%), from €14,677 to €171,573
- Gross operating margin -€25,832
down €25,832 (-24.5%), from €105,370 to €79,538
- Taxes +€10,914
up €10,914 (+35.8%), from €30,502 to €41,416
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 | €1,140,023 | €1,345,188 | +€205,165 | +18.0% |
| Fixed assets | 21/28 | €16,851 | €14,892 | -€1,960 | -11.6% |
| Tangible fixed assets | 22/27 | €16,806 | €14,847 | -€1,960 | -11.7% |
| Plant, machinery and equipment | 23 | €5,745 | €5,408 | -€337 | -5.9% |
| Furniture and vehicles | 24 | €10,396 | €9,438 | -€958 | -9.2% |
| Other tangible fixed assets | 26 | €665 | €0 | -€665 | -100% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €1,123,172 | €1,330,296 | +€207,125 | +18.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €40,480 | €11,033 | -€29,447 | -72.7% |
| Trade receivables | 40 | €20,000 | €7,458 | -€12,542 | -62.7% |
| Other amounts receivable | 41 | €20,480 | €3,575 | -€16,905 | -82.5% |
| Current investments | 50/53 | €411,074 | €724,231 | +€313,157 | +76.2% |
| Cash at bank and in hand | 54/58 | €655,944 | €582,649 | -€73,294 | -11.2% |
| Deferred charges and accrued income | 490/1 | €15,673 | €12,382 | -€3,291 | -21.0% |
| Total equity and liabilities | 10/49 | €1,140,023 | €1,345,188 | +€205,165 | +18.0% |
| Equity | 10/15 | €1,119,781 | €1,319,161 | +€199,380 | +17.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €1,119,681 | €1,319,061 | +€199,380 | +17.8% |
| Distributable reserves | 133 | €1,119,681 | €1,319,061 | +€199,380 | +17.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,242 | €26,027 | +€5,785 | +28.6% |
| Amounts payable within one year | 42/48 | €16,050 | €24,487 | +€8,437 | +52.6% |
| Trade debts | 44 | €8,434 | €10,399 | +€1,965 | +23.3% |
| Suppliers | 440/4 | €8,434 | €10,399 | +€1,965 | +23.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €457 | €10,408 | +€9,951 | +2,177% |
| Taxes | 450/3 | €457 | €10,408 | +€9,951 | +2,177% |
| Other amounts payable | 47/48 | €7,158 | €3,680 | -€3,478 | -48.6% |
| Accrued charges and deferred income | 492/3 | €4,192 | €1,540 | -€2,652 | -63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,817 | €7,645 | +€828 | +12.1% |
| Other operating charges | 640/8 | €1,488 | €1,323 | -€165 | -11.1% |
| Gross operating margin | 9900 | €105,370 | €79,538 | -€25,832 | -24.5% |
| Operating profit (loss) | 9901 | €97,065 | €70,570 | -€26,495 | -27.3% |
| Financial income | 75/76B | €14,677 | €171,573 | +€156,896 | +1,069% |
| Recurring financial income | 75 | €14,677 | €171,573 | +€156,896 | +1,069% |
| Financial charges | 65/66B | €787 | €515 | -€273 | -34.6% |
| Recurring financial charges | 65 | €787 | €515 | -€273 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €110,955 | €241,629 | +€130,674 | +118% |
| Income taxes | 67/77 | €30,502 | €41,416 | +€10,914 | +35.8% |
| Profit (loss) for the period | 9904 | €80,453 | €200,213 | +€119,760 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €80,453 | €200,213 | +€119,760 | +149% |
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 30 October 2026 via checked.be.