MG-medic: 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.
MG-medic
Largest movements
- Cash -€45,394
down €45,394 (-86.8%), from €52,323 to €6,929
mainly Contributions, distributions and other (-€333,333) and Debts after one year (-€46,734)
- Current investments -€43,000
down €43,000 (-20.0%), from €215,000 to €172,000
- Tangible fixed assets -€42,092
down €42,092 (-3.5%), from €1.2m to €1.2m
of which Land and buildings: -€21,889
- Debts after one year -€46,734
down €46,734 (-8.4%), from €554,468 to €507,734
- Tax, wage and social debts -€43,099
down €43,099 (-95.3%), from €45,232 to €2,133
- Profit (loss) carried forward -€37,572
down €37,572 (-4.9%), from €761,242 to €723,670
- Financial charges +€57,835
up €57,835 (+826%), from €7,002 to €64,837
- Depreciation -€27,536
down €27,536 (-31.6%), from €87,079 to €59,542
- Gross operating margin +€8,248
up €8,248 (+1.6%), from €515,207 to €523,455
- Financial income -€5,973
down €5,973 (-69.3%), from €8,615 to €2,642
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 | €1,618,614 | €1,502,546 | -€116,068 | -7.2% |
| Fixed assets | 21/28 | €1,196,880 | €1,154,788 | -€42,092 | -3.5% |
| Tangible fixed assets | 22/27 | €1,195,880 | €1,153,788 | -€42,092 | -3.5% |
| Land and buildings | 22 | €1,120,131 | €1,098,242 | -€21,889 | -2.0% |
| Plant, machinery and equipment | 23 | €1,574 | €777 | -€797 | -50.6% |
| Furniture and vehicles | 24 | €74,176 | €54,770 | -€19,406 | -26.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €421,734 | €347,757 | -€73,977 | -17.5% |
| Amounts receivable after more than one year | 29 | €2,000 | €2,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €707 | €9,512 | +€8,805 | +1,245% |
| Trade receivables | 40 | €707 | €7,810 | +€7,103 | +1,004% |
| Other amounts receivable | 41 | - | €1,702 | +€1,702 | |
| Current investments | 50/53 | €215,000 | €172,000 | -€43,000 | -20.0% |
| Cash at bank and in hand | 54/58 | €52,323 | €6,929 | -€45,394 | -86.8% |
| Deferred charges and accrued income | 490/1 | €151,703 | €157,316 | +€5,613 | +3.7% |
| Total equity and liabilities | 10/49 | €1,618,614 | €1,502,546 | -€116,068 | -7.2% |
| Equity | 10/15 | €781,702 | €744,130 | -€37,572 | -4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €761,242 | €723,670 | -€37,572 | -4.9% |
| Amounts payable | 17/49 | €836,912 | €758,416 | -€78,496 | -9.4% |
| Amounts payable after more than one year | 17 | €554,468 | €507,734 | -€46,734 | -8.4% |
| Financial debts | 170/4 | €554,468 | €507,734 | -€46,734 | -8.4% |
| Amounts payable within one year | 42/48 | €281,826 | €249,735 | -€32,091 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €49,481 | €47,334 | -€2,146 | -4.3% |
| Trade debts | 44 | €3,513 | €9,610 | +€6,097 | +174% |
| Suppliers | 440/4 | €3,513 | €9,610 | +€6,097 | +174% |
| Taxes, remuneration and social security | 45 | €45,232 | €2,133 | -€43,099 | -95.3% |
| Taxes | 450/3 | €45,232 | €2,133 | -€43,099 | -95.3% |
| Other amounts payable | 47/48 | €183,600 | €190,658 | +€7,058 | +3.8% |
| Accrued charges and deferred income | 492/3 | €618 | €947 | +€329 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,079 | €59,542 | -€27,536 | -31.6% |
| Other operating charges | 640/8 | €2,122 | €2,316 | +€195 | +9.2% |
| Gross operating margin | 9900 | €515,207 | €523,455 | +€8,248 | +1.6% |
| Operating profit (loss) | 9901 | €426,007 | €461,596 | +€35,589 | +8.4% |
| Financial income | 75/76B | €8,615 | €2,642 | -€5,973 | -69.3% |
| Recurring financial income | 75 | €8,615 | €2,642 | -€5,973 | -69.3% |
| Financial charges | 65/66B | €7,002 | €64,837 | +€57,835 | +826% |
| Recurring financial charges | 65 | €7,002 | €64,837 | +€57,835 | +826% |
| Profit (loss) for the period before taxes | 9903 | €427,620 | €399,401 | -€28,219 | -6.6% |
| Income taxes | 67/77 | €104,200 | €103,640 | -€561 | -0.5% |
| Profit (loss) for the period | 9904 | €323,419 | €295,761 | -€27,658 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €323,419 | €295,761 | -€27,658 | -8.6% |
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 15 October 2026 via checked.be.