VW 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.
VW MEDIC
Largest movements
- Financial fixed assets -€100,000
down €100,000 (-100%), from €100,000 to €0
- Current investments +€100,000
new in 2025: €100,000
- Cash +€56,642
up €56,642 (+27.2%), from €208,130 to €264,772
mainly Net result for the year (+€318,889) and Investment in fixed assets (net) (+€81,133)
- Deferred charges and accrued income +€32,555
up €32,555 (+19.2%), from €169,450 to €202,005
- Receivables within one year +€23,269
up €23,269 (+1,060%), from €2,195 to €25,464
of which Trade receivables: +€22,546
- Other debts +€68,218
up €68,218 (+38.1%), from €178,834 to €247,052
- Profit (loss) carried forward +€58,674
up €58,674 (+53.2%), from €110,215 to €168,889
- Debts after one year -€19,314
down €19,314 (-9.5%), from €203,751 to €184,437
- Gross operating margin +€34,893
up €34,893 (+8.4%), from €413,798 to €448,691
- Taxes +€10,852
up €10,852 (+12.1%), from €89,832 to €100,684
- Financial income +€4,599
up €4,599 (+5,025%), from €92 to €4,691
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.
Derived cash bridge
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 | €904,405 | €1,014,679 | +€110,274 | +12.2% |
| Fixed assets | 21/28 | €524,629 | €422,437 | -€102,192 | -19.5% |
| Tangible fixed assets | 22/27 | €424,629 | €422,437 | -€2,192 | -0.5% |
| Land and buildings | 22 | €357,760 | €346,167 | -€11,593 | -3.2% |
| Plant, machinery and equipment | 23 | €65,712 | €66,507 | +€795 | +1.2% |
| Furniture and vehicles | 24 | €1,158 | €9,764 | +€8,606 | +743% |
| Financial fixed assets | 28 | €100,000 | €0 | -€100,000 | -100% |
| Current assets | 29/58 | €379,776 | €592,242 | +€212,466 | +55.9% |
| Amounts receivable within one year | 40/41 | €2,195 | €25,464 | +€23,269 | +1,060% |
| Trade receivables | 40 | - | €22,546 | +€22,546 | |
| Other amounts receivable | 41 | €2,195 | €2,919 | +€723 | +32.9% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €208,130 | €264,772 | +€56,642 | +27.2% |
| Deferred charges and accrued income | 490/1 | €169,450 | €202,005 | +€32,555 | +19.2% |
| Total equity and liabilities | 10/49 | €904,405 | €1,014,679 | +€110,274 | +12.2% |
| Equity | 10/15 | €495,705 | €554,379 | +€58,674 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €366,890 | €366,890 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €365,030 | €365,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,215 | €168,889 | +€58,674 | +53.2% |
| Amounts payable | 17/49 | €408,700 | €460,300 | +€51,600 | +12.6% |
| Amounts payable after more than one year | 17 | €203,751 | €184,437 | -€19,314 | -9.5% |
| Financial debts | 170/4 | €203,751 | €184,437 | -€19,314 | -9.5% |
| Amounts payable within one year | 42/48 | €203,037 | €273,914 | +€70,877 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €19,226 | €19,314 | +€89 | +0.5% |
| Trade debts | 44 | €3,248 | €3,407 | +€158 | +4.9% |
| Suppliers | 440/4 | €3,248 | €3,407 | +€158 | +4.9% |
| Taxes, remuneration and social security | 45 | €1,729 | €4,141 | +€2,412 | +140% |
| Remuneration and social security | 454/9 | €1,729 | €4,141 | +€2,412 | +140% |
| Other amounts payable | 47/48 | €178,834 | €247,052 | +€68,218 | +38.1% |
| Accrued charges and deferred income | 492/3 | €1,912 | €1,949 | +€37 | +2.0% |
| Remuneration, social security and pensions | 62 | €10,742 | €7,535 | -€3,207 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,276 | €21,058 | +€783 | +3.9% |
| Other operating charges | 640/8 | €2,396 | €1,585 | -€811 | -33.9% |
| Gross operating margin | 9900 | €413,798 | €448,691 | +€34,893 | +8.4% |
| Operating profit (loss) | 9901 | €380,385 | €418,512 | +€38,128 | +10.0% |
| Financial income | 75/76B | €92 | €4,691 | +€4,599 | +5,025% |
| Recurring financial income | 75 | €92 | €4,691 | +€4,599 | +5,025% |
| Financial charges | 65/66B | €3,958 | €3,630 | -€329 | -8.3% |
| Recurring financial charges | 65 | €3,958 | €3,630 | -€329 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €376,518 | €419,573 | +€43,055 | +11.4% |
| Income taxes | 67/77 | €89,832 | €100,684 | +€10,852 | +12.1% |
| Profit (loss) for the period | 9904 | €286,686 | €318,889 | +€32,203 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €286,686 | €318,889 | +€32,203 | +11.2% |
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 14 October 2026 via checked.be.