MEDYCOR: 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
MEDYCOR
NACE 86.220, Specialist medical practice
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€120,106
2024 · €263,399-€143,293
Equity
€574,158
2024 · €579,212-€5,054
Cash
€8,265
2024 · €19,308-€11,043
Balance sheet total
€1.3m
2024 · €1.2m+€35,282
Largest movements
Assets
- Receivables within one year +€102,106
up €102,106 (+16.8%), from €607,452 to €709,558
of which Other amounts receivable: +€91,137
- Deferred charges and accrued income -€45,434
down €45,434 (-86.2%), from €52,697 to €7,262
Equity and liabilities
- Other debts +€125,160
up €125,160 (+104%), from €120,064 to €245,224
- Debts after one year -€56,130
down €56,130 (-22.0%), from €255,392 to €199,262
- Tax, wage and social debts -€21,566
down €21,566 (-20.7%), from €104,336 to €82,771
of which Taxes: -€17,275
Income statement
- Gross operating margin -€128,924
down €128,924 (-22.9%), from €563,599 to €434,675
- Taxes +€85,383
up €85,383 (+143%), from €59,855 to €145,237
- Staff costs -€47,574
down €47,574 (-25.7%), from €185,159 to €137,585
- Financial income +€30,080
up €30,080 (+999,328%), from €3 to €30,083
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.
Result 2024
€263,399
Gross operating margin
-€128,924
Staff costs
+€47,574
Depreciation
-€780
Other operating charges
-€3,967
Other operating items
-€6,185
Financial income
+€30,080
Financial charges
+€4,292
Taxes
-€85,383
Result 2025
€120,106
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€203,612
Investment
-€28,710
Financing
-€185,946
Cash 2024
€19,308
From operations (derived)
+€203,612
Net result for the year
+€120,106
Depreciation
+€39,056
Receivables within one year
-€102,106
Deferred charges and accrued income
+€45,434
Trade debts
-€2,451
Tax, wage and social debts
-€21,566
Other debts
+€125,160
Accrued charges and deferred income
-€22
Investment (derived)
-€28,710
Investment in fixed assets (net)
-€28,710
Financing
-€185,946
Debts after one year
-€56,130
Current portion of long-term debt
-€4,656
Contributions, distributions and other
-€125,160
Cash 2025
€8,265
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,233,783 | €1,269,066 | +€35,282 | +2.9% |
| Fixed assets | 21/28 | €482,327 | €471,981 | -€10,346 | -2.1% |
| Tangible fixed assets | 22/27 | €473,027 | €462,681 | -€10,346 | -2.2% |
| Land and buildings | 22 | €404,527 | €385,389 | -€19,138 | -4.7% |
| Plant, machinery and equipment | 23 | €44,419 | €38,440 | -€5,979 | -13.5% |
| Furniture and vehicles | 24 | €7,362 | €22,133 | +€14,771 | +201% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €16,718 | €16,718 | = | 0.0% |
| Financial fixed assets | 28 | €9,300 | €9,300 | = | 0.0% |
| Current assets | 29/58 | €751,457 | €797,085 | +€45,628 | +6.1% |
| Amounts receivable after more than one year | 29 | €72,000 | €72,000 | = | 0.0% |
| Other amounts receivable | 291 | €72,000 | €72,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €607,452 | €709,558 | +€102,106 | +16.8% |
| Trade receivables | 40 | €30,034 | €41,003 | +€10,969 | +36.5% |
| Other amounts receivable | 41 | €577,418 | €668,555 | +€91,137 | +15.8% |
| Cash at bank and in hand | 54/58 | €19,308 | €8,265 | -€11,043 | -57.2% |
| Deferred charges and accrued income | 490/1 | €52,697 | €7,262 | -€45,434 | -86.2% |
| Total equity and liabilities | 10/49 | €1,233,783 | €1,269,066 | +€35,282 | +2.9% |
| Equity | 10/15 | €579,212 | €574,158 | -€5,054 | -0.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €563,413 | €556,253 | -€7,160 | -1.3% |
| Non-distributable reserves | 130/1 | €545,620 | €1,860 | -€543,760 | -99.7% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €543,760 | - | -€543,760 | |
| Distributable reserves | 133 | €17,793 | €554,393 | +€536,600 | +3,016% |
| Profit (loss) carried forward | 14 | €3,399 | €5,505 | +€2,106 | +62.0% |
| Amounts payable | 17/49 | €654,572 | €694,908 | +€40,336 | +6.2% |
| Amounts payable after more than one year | 17 | €255,392 | €199,262 | -€56,130 | -22.0% |
| Financial debts | 170/4 | €255,392 | €199,262 | -€56,130 | -22.0% |
| Amounts payable within one year | 42/48 | €396,158 | €492,646 | +€96,488 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €94,660 | €90,004 | -€4,656 | -4.9% |
| Trade debts | 44 | €77,098 | €74,647 | -€2,451 | -3.2% |
| Suppliers | 440/4 | €77,098 | €74,647 | -€2,451 | -3.2% |
| Taxes, remuneration and social security | 45 | €104,336 | €82,771 | -€21,566 | -20.7% |
| Taxes | 450/3 | €76,597 | €59,322 | -€17,275 | -22.6% |
| Remuneration and social security | 454/9 | €27,739 | €23,449 | -€4,290 | -15.5% |
| Other amounts payable | 47/48 | €120,064 | €245,224 | +€125,160 | +104% |
| Accrued charges and deferred income | 492/3 | €3,022 | €3,000 | -€22 | -0.7% |
| Non-recurring operating income | 76A | - | €8,977 | +€8,977 | |
| Remuneration, social security and pensions | 62 | €185,159 | €137,585 | -€47,574 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,276 | €39,056 | +€780 | +2.0% |
| Other operating charges | 640/8 | €5,116 | €9,082 | +€3,967 | +77.5% |
| Non-recurring operating charges | 66A | - | €6,185 | +€6,185 | |
| Gross operating margin | 9900 | €563,599 | €434,675 | -€128,924 | -22.9% |
| Operating profit (loss) | 9901 | €335,049 | €242,767 | -€92,281 | -27.5% |
| Financial income | 75/76B | €3 | €30,083 | +€30,080 | +999,328% |
| Recurring financial income | 75 | €3 | €30,083 | +€30,080 | +999,328% |
| Financial charges | 65/66B | €11,798 | €7,506 | -€4,292 | -36.4% |
| Recurring financial charges | 65 | €11,798 | €7,506 | -€4,292 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €323,254 | €265,344 | -€57,910 | -17.9% |
| Income taxes | 67/77 | €59,855 | €145,237 | +€85,383 | +143% |
| Profit (loss) for the period | 9904 | €263,399 | €120,106 | -€143,293 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €263,399 | €120,106 | -€143,293 | -54.4% |
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 16 October 2026 via checked.be.