SG MEDIC: what changed
Two fiscal 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.
SG MEDIC
Largest movements
- Receivables within one year +€12,072
up €12,072 (+29.8%), from €40,503 to €52,575
- Tangible fixed assets -€4,509
down €4,509 (-18.7%), from €24,122 to €19,613
- Deferred charges and accrued income -€2,451
down €2,451 (-24.3%), from €10,097 to €7,647
- Cash -€1,394
down €1,394 (-86.2%), from €1,617 to €223
mainly Receivables within one year (-€12,072) and Tax, wage and social debts (-€7,835)
- Reserves +€11,250
up €11,250 (+35.6%), from €31,560 to €42,810
- Tax, wage and social debts -€7,835
down €7,835 (-72.6%), from €10,795 to €2,959
of which Taxes: -€7,857
- Trade debts +€4,932
up €4,932 (+189.0%), from €2,610 to €7,542
- Debts after one year -€4,901
down €4,901 (-24.6%), from €19,910 to €15,008
- Depreciation +€3,845
up €3,845 (+265.0%), from €1,451 to €5,296
- Gross operating margin +€2,341
up €2,341 (+10.4%), from €22,429 to €24,769
- Financial charges +€1,027
up €1,027 (+166.6%), from €616 to €1,643
- Taxes -€285
down €285 (-4.3%), from €6,572 to €6,287
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,390 | €80,108 | +€3,717 | +4.9% |
| Fixed assets | 21/28 | €24,172 | €19,663 | -€4,509 | -18.7% |
| Tangible fixed assets | 22/27 | €24,122 | €19,613 | -€4,509 | -18.7% |
| Furniture and vehicles | 24 | €24,122 | €19,613 | -€4,509 | -18.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €52,218 | €60,445 | +€8,227 | +15.8% |
| Amounts receivable within one year | 40/41 | €40,503 | €52,575 | +€12,072 | +29.8% |
| Other amounts receivable | 41 | €40,503 | €52,575 | +€12,072 | +29.8% |
| Cash at bank and in hand | 54/58 | €1,617 | €223 | -€1,394 | -86.2% |
| Deferred charges and accrued income | 490/1 | €10,097 | €7,647 | -€2,451 | -24.3% |
| Total equity and liabilities | 10/49 | €76,390 | €80,108 | +€3,717 | +4.9% |
| Equity | 10/15 | €32,932 | €44,184 | +€11,252 | +34.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €31,560 | €42,810 | +€11,250 | +35.6% |
| Distributable reserves | 133 | €31,560 | €42,810 | +€11,250 | +35.6% |
| Profit (loss) carried forward | 14 | €372 | €374 | +€2 | +0.6% |
| Amounts payable | 17/49 | €43,458 | €35,924 | -€7,535 | -17.3% |
| Amounts payable after more than one year | 17 | €19,910 | €15,008 | -€4,901 | -24.6% |
| Financial debts | 170/4 | €19,910 | €15,008 | -€4,901 | -24.6% |
| Amounts payable within one year | 42/48 | €23,549 | €20,915 | -€2,633 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €10,144 | €10,414 | +€270 | +2.7% |
| Trade debts | 44 | €2,610 | €7,542 | +€4,932 | +189.0% |
| Suppliers | 440/4 | €2,610 | €7,542 | +€4,932 | +189.0% |
| Taxes, remuneration and social security | 45 | €10,795 | €2,959 | -€7,835 | -72.6% |
| Taxes | 450/3 | €8,572 | €714 | -€7,857 | -91.7% |
| Remuneration and social security | 454/9 | €2,223 | €2,245 | +€22 | +1.0% |
| Remuneration, social security and pensions | 62 | €30 | - | -€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,451 | €5,296 | +€3,845 | +265.0% |
| Other operating charges | 640/8 | €110 | €299 | +€189 | +172.6% |
| Gross operating margin | 9900 | €22,429 | €24,769 | +€2,341 | +10.4% |
| Operating profit (loss) | 9901 | €20,838 | €19,174 | -€1,664 | -8.0% |
| Financial income | 75/76B | €0 | €8 | +€8 | +79600.0% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +79600.0% |
| Financial charges | 65/66B | €616 | €1,643 | +€1,027 | +166.6% |
| Recurring financial charges | 65 | €616 | €1,643 | +€1,027 | +166.6% |
| Profit (loss) for the period before taxes | 9903 | €20,222 | €17,539 | -€2,683 | -13.3% |
| Income taxes | 67/77 | €6,572 | €6,287 | -€285 | -4.3% |
| Profit (loss) for the period | 9904 | €13,650 | €11,252 | -€2,398 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,650 | €11,252 | -€2,398 | -17.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.