VGMedical: what changed
VGMedical
Largest movements
- Tangible fixed assets +€214,404
up €214,404 (+1,623%), from €13,214 to €227,617
of which Land and buildings: +€217,804
- Receivables within one year +€53,051
up €53,051 (+871%), from €6,091 to €59,142
of which Other amounts receivable: +€57,268
- Cash +€28,037
up €28,037 (+64.9%), from €43,215 to €71,251
mainly Debts after one year (+€230,330) and Net result for the year (+€90,558)
- Current investments +€22,000
new in 2025: €22,000
- Debts after one year +€230,330
new in 2025: €230,330
- Profit (loss) carried forward +€90,558
up €90,558 (+151%), from €60,020 to €150,577
- Gross operating margin +€42,991
up €42,991 (+52.4%), from €81,971 to €124,963
- Taxes +€10,039
up €10,039 (+60.4%), from €16,616 to €26,655
- Depreciation +€2,909
up €2,909 (+72.6%), from €4,008 to €6,918
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 | €66,789 | €384,227 | +€317,438 | +475% |
| Fixed assets | 21/28 | €14,504 | €228,907 | +€214,404 | +1,478% |
| Tangible fixed assets | 22/27 | €13,214 | €227,617 | +€214,404 | +1,623% |
| Land and buildings | 22 | - | €217,804 | +€217,804 | |
| Furniture and vehicles | 24 | €13,214 | €9,813 | -€3,400 | -25.7% |
| Financial fixed assets | 28 | €1,290 | €1,290 | = | 0.0% |
| Current assets | 29/58 | €52,285 | €155,319 | +€103,034 | +197% |
| Amounts receivable within one year | 40/41 | €6,091 | €59,142 | +€53,051 | +871% |
| Trade receivables | 40 | €4,716 | €499 | -€4,217 | -89.4% |
| Other amounts receivable | 41 | €1,375 | €58,643 | +€57,268 | +4,166% |
| Current investments | 50/53 | - | €22,000 | +€22,000 | |
| Cash at bank and in hand | 54/58 | €43,215 | €71,251 | +€28,037 | +64.9% |
| Deferred charges and accrued income | 490/1 | €2,980 | €2,926 | -€54 | -1.8% |
| Total equity and liabilities | 10/49 | €66,789 | €384,227 | +€317,438 | +475% |
| Equity | 10/15 | €63,020 | €153,577 | +€90,558 | +144% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,020 | €150,577 | +€90,558 | +151% |
| Amounts payable | 17/49 | €3,769 | €230,650 | +€226,880 | +6,019% |
| Amounts payable after more than one year | 17 | - | €230,330 | +€230,330 | |
| Financial debts | 170/4 | - | €230,330 | +€230,330 | |
| Amounts payable within one year | 42/48 | €3,769 | €320 | -€3,449 | -91.5% |
| Trade debts | 44 | €654 | €320 | -€334 | -51.0% |
| Suppliers | 440/4 | €654 | €320 | -€334 | -51.0% |
| Taxes, remuneration and social security | 45 | €3,116 | €0 | -€3,116 | -100% |
| Taxes | 450/3 | - | €0 | = | |
| Remuneration and social security | 454/9 | €3,116 | - | -€3,116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,008 | €6,918 | +€2,909 | +72.6% |
| Other operating charges | 640/8 | €1,299 | €1,217 | -€83 | -6.4% |
| Gross operating margin | 9900 | €81,971 | €124,963 | +€42,991 | +52.4% |
| Operating profit (loss) | 9901 | €76,663 | €116,828 | +€40,165 | +52.4% |
| Financial income | 75/76B | - | €489 | +€489 | |
| Recurring financial income | 75 | - | €489 | +€489 | |
| Financial charges | 65/66B | €28 | €104 | +€76 | +270% |
| Recurring financial charges | 65 | €28 | €104 | +€76 | +270% |
| Profit (loss) for the period before taxes | 9903 | €76,635 | €117,213 | +€40,577 | +52.9% |
| Income taxes | 67/77 | €16,616 | €26,655 | +€10,039 | +60.4% |
| Profit (loss) for the period | 9904 | €60,020 | €90,558 | +€30,538 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,020 | €90,558 | +€30,538 | +50.9% |
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 2 November 2026 via checked.be.