ML MEDICAL: 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.
ML MEDICAL
Largest movements
- Tangible fixed assets +€335,011
up €335,011 (+209%), from €160,048 to €495,060
of which Land and buildings: +€379,145
- Cash -€261,786
down €261,786 (-85.6%), from €305,891 to €44,105
mainly Contributions, distributions and other (-€470,000) and Investment in fixed assets (net) (-€381,662)
- Receivables within one year +€75,817
up €75,817 (+9,529%), from €796 to €76,613
of which Other amounts receivable: +€61,399
- Deferred charges and accrued income -€57,627
down €57,627 (-45.0%), from €128,018 to €70,390
- Other debts +€450,099
up €450,099 (+420%), from €107,101 to €557,200
- Profit (loss) carried forward -€374,478
down €374,478 (-79.6%), from €470,703 to €96,226
- Trade debts +€23,850
up €23,850 (+955%), from €2,499 to €26,348
- Tax, wage and social debts -€8,450
down €8,450 (-100%), from €8,450 to €0
of which Taxes: -€8,450
- Gross operating margin -€241,248
down €241,248 (-53.2%), from €453,108 to €211,860
- Turnover -€137,753
down €137,753 (-25.1%), from €548,645 to €410,892
- Taxes -€69,849
down €69,849 (-70.9%), from €98,450 to €28,601
- Purchases and services +€66,103
up €66,103 (+46.6%), from €141,789 to €207,892
- Other operating charges +€40,510
up €40,510 (+9,414%), from €430 to €40,941
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 | €594,753 | €686,168 | +€91,415 | +15.4% |
| Fixed assets | 21/28 | €160,048 | €495,060 | +€335,011 | +209% |
| Tangible fixed assets | 22/27 | €160,048 | €495,060 | +€335,011 | +209% |
| Land and buildings | 22 | - | €379,145 | +€379,145 | |
| Furniture and vehicles | 24 | €160,048 | €115,915 | -€44,134 | -27.6% |
| Current assets | 29/58 | €434,704 | €191,108 | -€243,596 | -56.0% |
| Amounts receivable within one year | 40/41 | €796 | €76,613 | +€75,817 | +9,529% |
| Trade receivables | 40 | - | €14,418 | +€14,418 | |
| Other amounts receivable | 41 | €796 | €62,195 | +€61,399 | +7,717% |
| Cash at bank and in hand | 54/58 | €305,891 | €44,105 | -€261,786 | -85.6% |
| Deferred charges and accrued income | 490/1 | €128,018 | €70,390 | -€57,627 | -45.0% |
| Total equity and liabilities | 10/49 | €594,753 | €686,168 | +€91,415 | +15.4% |
| Equity | 10/15 | €476,703 | €102,226 | -€374,478 | -78.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Capital | 10 | €6,000 | €6,000 | = | 0.0% |
| Issued capital | 100 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €470,703 | €96,226 | -€374,478 | -79.6% |
| Amounts payable | 17/49 | €118,049 | €583,942 | +€465,893 | +395% |
| Amounts payable within one year | 42/48 | €118,049 | €583,549 | +€465,500 | +394% |
| Trade debts | 44 | €2,499 | €26,348 | +€23,850 | +955% |
| Suppliers | 440/4 | €2,499 | €26,348 | +€23,850 | +955% |
| Taxes, remuneration and social security | 45 | €8,450 | €0 | -€8,450 | -100% |
| Taxes | 450/3 | €8,450 | €0 | -€8,450 | -100% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €107,101 | €557,200 | +€450,099 | +420% |
| Accrued charges and deferred income | 492/3 | - | €393 | +€393 | |
| Turnover | 70 | €548,645 | €410,892 | -€137,753 | -25.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €141,789 | €207,892 | +€66,103 | +46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,280 | €46,651 | +€1,372 | +3.0% |
| Other operating charges | 640/8 | €430 | €40,941 | +€40,510 | +9,414% |
| Gross operating margin | 9900 | €453,108 | €211,860 | -€241,248 | -53.2% |
| Operating profit (loss) | 9901 | €407,398 | €124,268 | -€283,131 | -69.5% |
| Financial charges | 65/66B | €55 | €145 | +€89 | +162% |
| Recurring financial charges | 65 | €55 | €145 | +€89 | +162% |
| Profit (loss) for the period before taxes | 9903 | €407,343 | €124,123 | -€283,220 | -69.5% |
| Income taxes | 67/77 | €98,450 | €28,601 | -€69,849 | -70.9% |
| Profit (loss) for the period | 9904 | €308,893 | €95,522 | -€213,371 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €308,893 | €95,522 | -€213,371 | -69.1% |
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 24 October 2026 via checked.be.