Medwest: 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.
Medwest
Largest movements
- Cash +€73,735
up €73,735 (+29.3%), from €251,233 to €324,968
mainly Net result for the year (+€190,396) and Depreciation (+€53,008)
- Current investments +€26,378
up €26,378 (+7.3%), from €361,841 to €388,220
- Tangible fixed assets -€21,514
down €21,514 (-6.9%), from €313,048 to €291,535
of which Land and buildings: -€28,111
- Reserves +€109,991
up €109,991 (+13.5%), from €814,089 to €924,080
of which Distributable reserves: +€109,991
- Debts after one year -€35,296
down €35,296 (-42.0%), from €84,028 to €48,732
- Financial income +€14,330
up €14,330 (+105%), from €13,637 to €27,967
- Financial charges -€14,306
down €14,306 (-73.7%), from €19,405 to €5,099
- Taxes +€11,975
up €11,975 (+16.6%), from €72,167 to €84,141
- Gross operating margin +€9,227
up €9,227 (+3.1%), from €301,027 to €310,254
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 | €953,027 | €1,029,395 | +€76,368 | +8.0% |
| Fixed assets | 21/28 | €313,048 | €291,535 | -€21,514 | -6.9% |
| Tangible fixed assets | 22/27 | €313,048 | €291,535 | -€21,514 | -6.9% |
| Land and buildings | 22 | €226,484 | €198,373 | -€28,111 | -12.4% |
| Plant, machinery and equipment | 23 | €12,856 | €14,854 | +€1,998 | +15.5% |
| Furniture and vehicles | 24 | €49,241 | €59,538 | +€10,298 | +20.9% |
| Other tangible fixed assets | 26 | €24,467 | €18,769 | -€5,698 | -23.3% |
| Current assets | 29/58 | €639,978 | €737,860 | +€97,882 | +15.3% |
| Amounts receivable within one year | 40/41 | €14,717 | €12,363 | -€2,354 | -16.0% |
| Trade receivables | 40 | €2,375 | - | -€2,375 | |
| Other amounts receivable | 41 | €12,342 | €12,363 | +€21 | +0.2% |
| Current investments | 50/53 | €361,841 | €388,220 | +€26,378 | +7.3% |
| Cash at bank and in hand | 54/58 | €251,233 | €324,968 | +€73,735 | +29.3% |
| Deferred charges and accrued income | 490/1 | €12,187 | €12,309 | +€122 | +1.0% |
| Total equity and liabilities | 10/49 | €953,027 | €1,029,395 | +€76,368 | +8.0% |
| Equity | 10/15 | €827,056 | €937,047 | +€109,991 | +13.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €814,089 | €924,080 | +€109,991 | +13.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €812,229 | €922,220 | +€109,991 | +13.5% |
| Profit (loss) carried forward | 14 | €567 | €567 | = | 0.0% |
| Amounts payable | 17/49 | €125,971 | €92,348 | -€33,623 | -26.7% |
| Amounts payable after more than one year | 17 | €84,028 | €48,732 | -€35,296 | -42.0% |
| Financial debts | 170/4 | €84,028 | €48,732 | -€35,296 | -42.0% |
| Amounts payable within one year | 42/48 | €41,927 | €43,616 | +€1,689 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €34,258 | €35,296 | +€1,038 | +3.0% |
| Trade debts | 44 | €601 | €77 | -€524 | -87.2% |
| Suppliers | 440/4 | €601 | €77 | -€524 | -87.2% |
| Taxes, remuneration and social security | 45 | €4,127 | €5,795 | +€1,668 | +40.4% |
| Taxes | 450/3 | €4,127 | €5,795 | +€1,668 | +40.4% |
| Other amounts payable | 47/48 | €2,941 | €2,447 | -€493 | -16.8% |
| Accrued charges and deferred income | 492/3 | €16 | - | -€16 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,092 | €53,008 | +€1,915 | +3.7% |
| Other operating charges | 640/8 | €5,328 | €5,577 | +€249 | +4.7% |
| Gross operating margin | 9900 | €301,027 | €310,254 | +€9,227 | +3.1% |
| Operating profit (loss) | 9901 | €244,607 | €251,669 | +€7,063 | +2.9% |
| Financial income | 75/76B | €13,637 | €27,967 | +€14,330 | +105% |
| Recurring financial income | 75 | €13,637 | €27,967 | +€14,330 | +105% |
| Financial charges | 65/66B | €19,405 | €5,099 | -€14,306 | -73.7% |
| Recurring financial charges | 65 | €19,405 | €5,099 | -€14,306 | -73.7% |
| Profit (loss) for the period before taxes | 9903 | €238,839 | €274,537 | +€35,698 | +14.9% |
| Income taxes | 67/77 | €72,167 | €84,141 | +€11,975 | +16.6% |
| Profit (loss) for the period | 9904 | €166,672 | €190,396 | +€23,724 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €166,672 | €190,396 | +€23,724 | +14.2% |
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 29 October 2026 via checked.be.