VanMedix: 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.
VanMedix
Largest movements
- Cash +€99,725
up €99,725 (+55.0%), from €181,257 to €280,982
mainly Net result for the year (+€138,971) and Depreciation (+€8,296)
- Tangible fixed assets +€28,713
up €28,713 (+294.5%), from €9,750 to €38,463
- Deferred charges and accrued income +€5,580
up €5,580 (+1063.8%), from €524 to €6,104
- Reserves +€138,971
up €138,971 (+90.7%), from €153,159 to €292,130
- Tax, wage and social debts -€3,852
down €3,852 (-8.5%), from €45,457 to €41,605
- Gross operating margin -€12,165
down €12,165 (-6.2%), from €196,377 to €184,211
- Depreciation +€8,063
up €8,063 (+3459.9%), from €233 to €8,296
- Taxes -€3,852
down €3,852 (-8.5%), from €45,457 to €41,605
- Financial income +€2,080
up €2,080 (+70.3%), from €2,960 to €5,040
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 | €204,997 | €339,438 | +€134,442 | +65.6% |
| Fixed assets | 21/28 | €9,750 | €38,463 | +€28,713 | +294.5% |
| Tangible fixed assets | 22/27 | €9,750 | €38,463 | +€28,713 | +294.5% |
| Land and buildings | 22 | - | €11,040 | +€11,040 | |
| Plant, machinery and equipment | 23 | €884 | €7,363 | +€6,479 | +732.7% |
| Furniture and vehicles | 24 | €8,866 | €20,060 | +€11,195 | +126.3% |
| Current assets | 29/58 | €195,247 | €300,975 | +€105,728 | +54.2% |
| Amounts receivable within one year | 40/41 | €13,466 | €13,889 | +€423 | +3.1% |
| Trade receivables | 40 | - | €1,588 | +€1,588 | |
| Other amounts receivable | 41 | €13,466 | €12,301 | -€1,165 | -8.7% |
| Cash at bank and in hand | 54/58 | €181,257 | €280,982 | +€99,725 | +55.0% |
| Deferred charges and accrued income | 490/1 | €524 | €6,104 | +€5,580 | +1063.8% |
| Total equity and liabilities | 10/49 | €204,997 | €339,438 | +€134,442 | +65.6% |
| Equity | 10/15 | €158,159 | €297,130 | +€138,971 | +87.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €153,159 | €292,130 | +€138,971 | +90.7% |
| Distributable reserves | 133 | €153,159 | €292,130 | +€138,971 | +90.7% |
| Amounts payable | 17/49 | €46,838 | €42,309 | -€4,529 | -9.7% |
| Amounts payable within one year | 42/48 | €46,226 | €42,309 | -€3,918 | -8.5% |
| Trade debts | 44 | €769 | €703 | -€66 | -8.6% |
| Suppliers | 440/4 | €769 | €703 | -€66 | -8.6% |
| Taxes, remuneration and social security | 45 | €45,457 | €41,605 | -€3,852 | -8.5% |
| Taxes | 450/3 | €45,457 | €41,605 | -€3,852 | -8.5% |
| Accrued charges and deferred income | 492/3 | €611 | €0 | -€611 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233 | €8,296 | +€8,063 | +3459.9% |
| Other operating charges | 640/8 | €236 | €240 | +€4 | +1.7% |
| Gross operating margin | 9900 | €196,377 | €184,211 | -€12,165 | -6.2% |
| Operating profit (loss) | 9901 | €195,908 | €175,676 | -€20,232 | -10.3% |
| Financial income | 75/76B | €2,960 | €5,040 | +€2,080 | +70.3% |
| Recurring financial income | 75 | €2,960 | €5,040 | +€2,080 | +70.3% |
| Financial charges | 65/66B | €252 | €140 | -€112 | -44.4% |
| Recurring financial charges | 65 | €252 | €140 | -€112 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €198,616 | €180,576 | -€18,040 | -9.1% |
| Income taxes | 67/77 | €45,457 | €41,605 | -€3,852 | -8.5% |
| Profit (loss) for the period | 9904 | €153,159 | €138,971 | -€14,188 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €153,159 | €138,971 | -€14,188 | -9.3% |
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.