SN MEDI-URG: what changed
SN MEDI-URG
Largest movements
- Receivables within one year -€20,135
down €20,135 (-84.2%), from €23,900 to €3,765
of which Trade receivables: -€16,846
- Deferred charges and accrued income +€10,937
up €10,937 (+39.0%), from €28,048 to €38,985
- Cash +€6,329
up €6,329 (+135%), from €4,697 to €11,026
mainly Other debts (+€30,950) and Receivables within one year (+€20,135)
- Tangible fixed assets -€3,599
down €3,599 (-30.3%), from €11,894 to €8,295
of which Leasing and similar rights: -€11,198
- Other debts +€30,950
up €30,950, from €0 to €30,950
- Profit (loss) carried forward -€30,647
down €30,647 (-246%), from -€12,455 to -€43,102
- Debts after one year -€7,675
down €7,675 (-90.2%), from €8,509 to €833
- Tax, wage and social debts +€5,778
up €5,778 (+192%), from €3,002 to €8,780
of which Remuneration and social security: +€4,800
- Current portion of long-term debt -€5,378
down €5,378 (-23.3%), from €23,054 to €17,675
- Financial charges +€56,459
up €56,459 (+95.9%), from €58,887 to €115,346
- Gross operating margin -€3,153
down €3,153 (-3.1%), from €101,025 to €97,872
- Taxes -€2,767
down €2,767 (-92.2%), from €3,002 to €235
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,538 | €62,070 | -€6,468 | -9.4% |
| Fixed assets | 21/28 | €11,894 | €8,295 | -€3,599 | -30.3% |
| Tangible fixed assets | 22/27 | €11,894 | €8,295 | -€3,599 | -30.3% |
| Furniture and vehicles | 24 | €696 | €8,295 | +€7,599 | +1,092% |
| Leasing and similar rights | 25 | €11,198 | €0 | -€11,198 | -100% |
| Current assets | 29/58 | €56,644 | €53,776 | -€2,869 | -5.1% |
| Amounts receivable within one year | 40/41 | €23,900 | €3,765 | -€20,135 | -84.2% |
| Trade receivables | 40 | €16,846 | €0 | -€16,846 | -100% |
| Other amounts receivable | 41 | €7,054 | €3,765 | -€3,289 | -46.6% |
| Cash at bank and in hand | 54/58 | €4,697 | €11,026 | +€6,329 | +135% |
| Deferred charges and accrued income | 490/1 | €28,048 | €38,985 | +€10,937 | +39.0% |
| Total equity and liabilities | 10/49 | €68,538 | €62,070 | -€6,468 | -9.4% |
| Equity | 10/15 | €33,974 | €3,327 | -€30,647 | -90.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €34,029 | €34,029 | = | 0.0% |
| Distributable reserves | 133 | €34,029 | €34,029 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,455 | -€43,102 | -€30,647 | -246% |
| Amounts payable | 17/49 | €34,565 | €58,744 | +€24,179 | +70.0% |
| Amounts payable after more than one year | 17 | €8,509 | €833 | -€7,675 | -90.2% |
| Financial debts | 170/4 | €8,509 | €833 | -€7,675 | -90.2% |
| Amounts payable within one year | 42/48 | €26,056 | €57,910 | +€31,854 | +122% |
| Current portion of amounts payable after more than one year | 42 | €23,054 | €17,675 | -€5,378 | -23.3% |
| Trade debts | 44 | - | €505 | +€505 | |
| Suppliers | 440/4 | - | €505 | +€505 | |
| Taxes, remuneration and social security | 45 | €3,002 | €8,780 | +€5,778 | +192% |
| Taxes | 450/3 | €3,002 | €3,980 | +€978 | +32.6% |
| Remuneration and social security | 454/9 | - | €4,800 | +€4,800 | |
| Other amounts payable | 47/48 | €0 | €30,950 | +€30,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,153 | €11,842 | -€310 | -2.6% |
| Other operating charges | 640/8 | €958 | €1,095 | +€137 | +14.3% |
| Gross operating margin | 9900 | €101,025 | €97,872 | -€3,153 | -3.1% |
| Operating profit (loss) | 9901 | €87,914 | €84,934 | -€2,980 | -3.4% |
| Financial income | 75/76B | €65 | €0 | -€65 | -100% |
| Recurring financial income | 75 | €65 | €0 | -€65 | -100% |
| Financial charges | 65/66B | €58,887 | €115,346 | +€56,459 | +95.9% |
| Recurring financial charges | 65 | €58,887 | €115,346 | +€56,459 | +95.9% |
| Profit (loss) for the period before taxes | 9903 | €29,092 | -€30,411 | -€59,503 | |
| Income taxes | 67/77 | €3,002 | €235 | -€2,767 | -92.2% |
| Profit (loss) for the period | 9904 | €26,090 | -€30,647 | -€56,737 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,090 | -€30,647 | -€56,737 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.