RED 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.
RED Medical
Largest movements
- Current investments +€215,604
up €215,604 (+187%), from €115,077 to €330,682
- Receivables within one year +€9,075
up €9,075 (+68.9%), from €13,179 to €22,254
of which Trade receivables: +€9,085
- Cash -€7,121
down €7,121 (-59.2%), from €12,026 to €4,905
mainly Current investments (-€215,604) and Receivables within one year (-€9,075)
- Reserves +€200,866
up €200,866 (+189%), from €106,272 to €307,138
- Tax, wage and social debts +€21,747
up €21,747 (+80.1%), from €27,152 to €48,900
of which Taxes: +€21,747
- Gross operating margin +€138,092
up €138,092 (+103%), from €133,675 to €271,767
- Taxes +€37,055
up €37,055 (+117%), from €31,731 to €68,786
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 | €143,458 | €362,846 | +€219,388 | +153% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,062 | €2,277 | +€214 | +10.4% |
| Tangible fixed assets | 22/27 | €2,062 | €2,277 | +€214 | +10.4% |
| Furniture and vehicles | 24 | €2,062 | €2,277 | +€214 | +10.4% |
| Current assets | 29/58 | €141,395 | €360,569 | +€219,174 | +155% |
| Amounts receivable within one year | 40/41 | €13,179 | €22,254 | +€9,075 | +68.9% |
| Trade receivables | 40 | €13,169 | €22,254 | +€9,085 | +69.0% |
| Other amounts receivable | 41 | €10 | €0 | -€10 | -100% |
| Current investments | 50/53 | €115,077 | €330,682 | +€215,604 | +187% |
| Cash at bank and in hand | 54/58 | €12,026 | €4,905 | -€7,121 | -59.2% |
| Deferred charges and accrued income | 490/1 | €1,113 | €2,728 | +€1,615 | +145% |
| Total equity and liabilities | 10/49 | €143,458 | €362,846 | +€219,388 | +153% |
| Equity | 10/15 | €108,772 | €309,638 | +€200,866 | +185% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €106,272 | €307,138 | +€200,866 | +189% |
| Distributable reserves | 133 | €106,272 | €307,138 | +€200,866 | +189% |
| Amounts payable | 17/49 | €34,686 | €53,208 | +€18,522 | +53.4% |
| Amounts payable within one year | 42/48 | €34,686 | €53,208 | +€18,522 | +53.4% |
| Financial debts | 43 | €4,668 | €1,279 | -€3,389 | -72.6% |
| Credit institutions | 430/8 | €4,668 | €1,279 | -€3,389 | -72.6% |
| Trade debts | 44 | €2,118 | €2,666 | +€549 | +25.9% |
| Suppliers | 440/4 | €2,118 | €2,666 | +€549 | +25.9% |
| Taxes, remuneration and social security | 45 | €27,152 | €48,900 | +€21,747 | +80.1% |
| Taxes | 450/3 | €27,152 | €48,900 | +€21,747 | +80.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €747 | €362 | -€385 | -51.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,947 | €1,258 | -€689 | -35.4% |
| Other operating charges | 640/8 | - | €1,774 | +€1,774 | |
| Gross operating margin | 9900 | €133,675 | €271,767 | +€138,092 | +103% |
| Operating profit (loss) | 9901 | €131,728 | €268,735 | +€137,006 | +104% |
| Financial income | 75/76B | €116 | €994 | +€878 | +755% |
| Recurring financial income | 75 | €116 | €994 | +€878 | +755% |
| Financial charges | 65/66B | €140 | €76 | -€64 | -45.7% |
| Recurring financial charges | 65 | €140 | €76 | -€64 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €131,704 | €269,653 | +€137,948 | +105% |
| Income taxes | 67/77 | €31,731 | €68,786 | +€37,055 | +117% |
| Profit (loss) for the period | 9904 | €99,973 | €200,866 | +€100,893 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €99,973 | €200,866 | +€100,893 | +101% |
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 20 October 2026 via checked.be.