NUCMED: 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.
NUCMED
Largest movements
- Cash -€31,302
down €31,302 (-27.8%), from €112,493 to €81,191
mainly Contributions, distributions and other (-€170,500) and Debts after one year (-€24,973)
- Tangible fixed assets -€17,391
down €17,391 (-19.8%), from €87,721 to €70,329
of which Furniture and vehicles: -€24,976
- Current investments +€13,298
up €13,298 (+49.0%), from €27,122 to €40,419
- Deferred charges and accrued income +€5,425
up €5,425 (+69.7%), from €7,783 to €13,208
- Other debts +€43,791
up €43,791 (+34.6%), from €126,709 to €170,500
- Debts after one year -€24,973
down €24,973 (-43.2%), from €57,801 to €32,829
- Tax, wage and social debts -€22,241
down €22,241 (-75.4%), from €29,504 to €7,263
of which Taxes: -€18,600
- Reserves -€15,000
down €15,000 (-50.2%), from €29,860 to €14,860
of which Distributable reserves: -€15,000
- Profit (loss) carried forward -€8,906
down €8,906 (-99.3%), from €8,967 to €61
- Staff costs -€29,668
down €29,668 (-55.9%), from €53,117 to €23,448
- Gross operating margin -€6,190
down €6,190 (-2.5%), from €250,590 to €244,400
- Depreciation +€5,932
up €5,932 (+28.0%), from €21,223 to €27,154
- Taxes +€3,382
up €3,382 (+8.4%), from €40,479 to €43,861
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.
Cash bridge derived
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 | €292,936 | €263,511 | -€29,425 | -10.0% |
| Fixed assets | 21/28 | €87,901 | €70,509 | -€17,391 | -19.8% |
| Tangible fixed assets | 22/27 | €87,721 | €70,329 | -€17,391 | -19.8% |
| Furniture and vehicles | 24 | €84,304 | €59,329 | -€24,976 | -29.6% |
| Other tangible fixed assets | 26 | €3,417 | €11,001 | +€7,584 | +222.0% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €205,035 | €193,002 | -€12,034 | -5.9% |
| Amounts receivable within one year | 40/41 | €57,638 | €58,184 | +€545 | +0.9% |
| Trade receivables | 40 | €25,413 | €29,157 | +€3,743 | +14.7% |
| Other amounts receivable | 41 | €32,225 | €29,027 | -€3,198 | -9.9% |
| Current investments | 50/53 | €27,122 | €40,419 | +€13,298 | +49.0% |
| Cash at bank and in hand | 54/58 | €112,493 | €81,191 | -€31,302 | -27.8% |
| Deferred charges and accrued income | 490/1 | €7,783 | €13,208 | +€5,425 | +69.7% |
| Total equity and liabilities | 10/49 | €292,936 | €263,511 | -€29,425 | -10.0% |
| Equity | 10/15 | €51,227 | €27,321 | -€23,906 | -46.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €29,860 | €14,860 | -€15,000 | -50.2% |
| 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 | €28,000 | €13,000 | -€15,000 | -53.6% |
| Profit (loss) carried forward | 14 | €8,967 | €61 | -€8,906 | -99.3% |
| Amounts payable | 17/49 | €241,710 | €236,190 | -€5,519 | -2.3% |
| Amounts payable after more than one year | 17 | €57,801 | €32,829 | -€24,973 | -43.2% |
| Financial debts | 170/4 | €57,801 | €32,829 | -€24,973 | -43.2% |
| Amounts payable within one year | 42/48 | €183,908 | €203,362 | +€19,454 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €24,973 | €24,973 | = | 0.0% |
| Trade debts | 44 | €2,723 | €627 | -€2,096 | -77.0% |
| Suppliers | 440/4 | €2,723 | €627 | -€2,096 | -77.0% |
| Taxes, remuneration and social security | 45 | €29,504 | €7,263 | -€22,241 | -75.4% |
| Taxes | 450/3 | €25,207 | €6,607 | -€18,600 | -73.8% |
| Remuneration and social security | 454/9 | €4,296 | €655 | -€3,641 | -84.8% |
| Other amounts payable | 47/48 | €126,709 | €170,500 | +€43,791 | +34.6% |
| Remuneration, social security and pensions | 62 | €53,117 | €23,448 | -€29,668 | -55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,223 | €27,154 | +€5,932 | +28.0% |
| Other operating charges | 640/8 | €1,762 | €1,342 | -€420 | -23.8% |
| Gross operating margin | 9900 | €250,590 | €244,400 | -€6,190 | -2.5% |
| Operating profit (loss) | 9901 | €174,489 | €192,456 | +€17,967 | +10.3% |
| Financial income | 75/76B | €188 | €233 | +€45 | +23.8% |
| Recurring financial income | 75 | €188 | €233 | +€45 | +23.8% |
| Financial charges | 65/66B | €1,660 | €2,233 | +€573 | +34.5% |
| Recurring financial charges | 65 | €1,660 | €2,233 | +€573 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | €173,017 | €190,455 | +€17,438 | +10.1% |
| Income taxes | 67/77 | €40,479 | €43,861 | +€3,382 | +8.4% |
| Profit (loss) for the period | 9904 | €132,538 | €146,594 | +€14,056 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €132,538 | €146,594 | +€14,056 | +10.6% |
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 9 October 2026 via checked.be.