De Middenstip: 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.
De Middenstip
Largest movements
- Stocks and contracts +€1.1m
up €1.1m (+8.2%), from €13.6m to €14.7m
- Debts after one year +€983,183
up €983,183 (+7.3%), from €13.5m to €14.5m
- Financial charges +€80,742
up €80,742, from -€39,062 to €41,680
- Financial income +€41,680
new in 2025: €41,680
- Gross operating margin -€15,086
down €15,086, from €7,673 to -€7,413
- Other operating charges -€145
down €145 (-11.3%), from €1,288 to €1,143
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 | €13,798,576 | €14,833,033 | +€1.0m | +7.5% |
| Current assets | 29/58 | €13,798,576 | €14,833,033 | +€1.0m | +7.5% |
| Stocks and contracts in progress | 3 | €13,615,932 | €14,730,742 | +€1.1m | +8.2% |
| Stocks | 30/36 | €13,615,932 | €14,730,742 | +€1.1m | +8.2% |
| Amounts receivable within one year | 40/41 | €1,772 | €73 | -€1,699 | -95.9% |
| Trade receivables | 40 | €0 | €73 | +€73 | |
| Other amounts receivable | 41 | €1,772 | - | -€1,772 | |
| Cash at bank and in hand | 54/58 | €180,872 | €102,218 | -€78,654 | -43.5% |
| Total equity and liabilities | 10/49 | €13,798,576 | €14,833,033 | +€1.0m | +7.5% |
| Equity | 10/15 | €52,540 | €43,985 | -€8,556 | -16.3% |
| Contributions | 10/11 | €111,500 | €111,500 | = | 0.0% |
| Capital | 10 | €111,500 | €111,500 | = | 0.0% |
| Issued capital | 100 | €111,500 | €111,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,960 | -€67,515 | -€8,556 | -14.5% |
| Amounts payable | 17/49 | €13,746,036 | €14,789,048 | +€1.0m | +7.6% |
| Amounts payable after more than one year | 17 | €13,478,255 | €14,461,437 | +€983,183 | +7.3% |
| Financial debts | 170/4 | €13,478,255 | €14,461,437 | +€983,183 | +7.3% |
| Amounts payable within one year | 42/48 | €3,596 | €37,779 | +€34,183 | +950% |
| Trade debts | 44 | €3,596 | €37,779 | +€34,183 | +950% |
| Suppliers | 440/4 | €3,596 | €37,779 | +€34,183 | +950% |
| Accrued charges and deferred income | 492/3 | €264,185 | €289,832 | +€25,647 | +9.7% |
| Other operating charges | 640/8 | €1,288 | €1,143 | -€145 | -11.3% |
| Gross operating margin | 9900 | €7,673 | -€7,413 | -€15,086 | |
| Operating profit (loss) | 9901 | €6,385 | -€8,556 | -€14,941 | |
| Financial income | 75/76B | - | €41,680 | +€41,680 | |
| Recurring financial income | 75 | - | €41,680 | +€41,680 | |
| Financial charges | 65/66B | -€39,062 | €41,680 | +€80,742 | |
| Recurring financial charges | 65 | -€39,062 | €41,680 | +€80,742 | |
| Profit (loss) for the period before taxes | 9903 | €45,448 | -€8,556 | -€54,003 | |
| Profit (loss) for the period | 9904 | €45,448 | -€8,556 | -€54,003 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,448 | -€8,556 | -€54,003 |
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.