VEMA - MEDIC: 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.
VEMA - MEDIC
Largest movements
- Cash -€34,648
down €34,648 (-36.3%), from €95,518 to €60,870
mainly Net result for the year (-€27,843) and Other debts (-€14,120)
- Tangible fixed assets -€10,368
down €10,368 (-44.7%), from €23,219 to €12,851
of which Furniture and vehicles: -€5,767
- Receivables within one year -€4,738
down €4,738 (-36.5%), from €12,972 to €8,234
of which Trade receivables: -€3,614
- Profit (loss) carried forward -€27,843
down €27,843, from €796 to -€27,047
- Other debts -€14,120
down €14,120 (-63.9%), from €22,094 to €7,974
- Current portion of long-term debt -€5,218
down €5,218 (-58.5%), from €8,915 to €3,697
- Accrued charges and deferred income -€4,783
no longer reported in 2025 (was €4,783)
- Trade debts +€4,086
up €4,086 (+227.3%), from €1,798 to €5,884
- Gross operating margin -€62,572
down €62,572, from €52,110 to -€10,462
- Taxes -€5,876
down €5,876 (-99.1%), from €5,929 to €53
- Other operating charges -€1,343
down €1,343 (-44.6%), from €3,014 to €1,671
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 | €136,961 | €85,864 | -€51,097 | -37.3% |
| Fixed assets | 21/28 | €25,130 | €14,762 | -€10,368 | -41.3% |
| Tangible fixed assets | 22/27 | €23,219 | €12,851 | -€10,368 | -44.7% |
| Plant, machinery and equipment | 23 | €10,694 | €8,656 | -€2,038 | -19.1% |
| Furniture and vehicles | 24 | €8,536 | €2,769 | -€5,767 | -67.6% |
| Leasing and similar rights | 25 | €3,989 | €1,426 | -€2,563 | -64.3% |
| Financial fixed assets | 28 | €1,911 | €1,911 | = | 0.0% |
| Current assets | 29/58 | €111,831 | €71,102 | -€40,729 | -36.4% |
| Amounts receivable within one year | 40/41 | €12,972 | €8,234 | -€4,738 | -36.5% |
| Trade receivables | 40 | €6,391 | €2,777 | -€3,614 | -56.5% |
| Other amounts receivable | 41 | €6,581 | €5,457 | -€1,124 | -17.1% |
| Cash at bank and in hand | 54/58 | €95,518 | €60,870 | -€34,648 | -36.3% |
| Deferred charges and accrued income | 490/1 | €3,341 | €1,998 | -€1,343 | -40.2% |
| Total equity and liabilities | 10/49 | €136,961 | €85,864 | -€51,097 | -37.3% |
| Equity | 10/15 | €96,152 | €68,309 | -€27,843 | -29.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €89,159 | €89,159 | = | 0.0% |
| Distributable reserves | 133 | €89,159 | €89,159 | = | 0.0% |
| Profit (loss) carried forward | 14 | €796 | -€27,047 | -€27,843 | |
| Amounts payable | 17/49 | €40,809 | €17,555 | -€23,254 | -57.0% |
| Amounts payable after more than one year | 17 | €1,319 | - | -€1,319 | |
| Financial debts | 170/4 | €1,319 | - | -€1,319 | |
| Amounts payable within one year | 42/48 | €34,707 | €17,555 | -€17,152 | -49.4% |
| Current portion of amounts payable after more than one year | 42 | €8,915 | €3,697 | -€5,218 | -58.5% |
| Trade debts | 44 | €1,798 | €5,884 | +€4,086 | +227.3% |
| Suppliers | 440/4 | €1,798 | €5,884 | +€4,086 | +227.3% |
| Taxes, remuneration and social security | 45 | €1,900 | - | -€1,900 | |
| Taxes | 450/3 | €1,900 | - | -€1,900 | |
| Other amounts payable | 47/48 | €22,094 | €7,974 | -€14,120 | -63.9% |
| Accrued charges and deferred income | 492/3 | €4,783 | - | -€4,783 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,798 | €10,368 | -€430 | -4.0% |
| Other operating charges | 640/8 | €3,014 | €1,671 | -€1,343 | -44.6% |
| Gross operating margin | 9900 | €52,110 | -€10,462 | -€62,572 | |
| Operating profit (loss) | 9901 | €38,298 | -€22,501 | -€60,799 | |
| Financial charges | 65/66B | €5,713 | €5,289 | -€424 | -7.4% |
| Recurring financial charges | 65 | €5,713 | €5,289 | -€424 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €32,585 | -€27,790 | -€60,375 | |
| Income taxes | 67/77 | €5,929 | €53 | -€5,876 | -99.1% |
| Profit (loss) for the period | 9904 | €26,656 | -€27,843 | -€54,499 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,656 | -€27,843 | -€54,499 |
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 11 October 2026 via checked.be.