Het Middenstandhuis: 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.
Het Middenstandhuis
Largest movements
- Receivables within one year -€539,546
no longer reported in 2025 (was €539,546)
- Tangible fixed assets -€483,471
no longer reported in 2025 (was €483,471)
- Cash +€274,971
up €274,971 (+385%), from €71,411 to €346,382
mainly Receivables within one year (+€539,546) and Investment in fixed assets (net) (+€483,471)
- Profit (loss) carried forward -€339,558
new in 2025: -€339,558
- Reserves -€307,360
down €307,360 (-23.5%), from €1.3m to €1.0m
of which Tax-exempt reserves: -€290,321
- Provisions -€96,774
no longer reported in 2025 (was €96,774)
- Taxes +€58,631
up €58,631 (+6,655%), from €881 to €59,512
- Depreciation -€16,594
no longer reported in 2025 (was €16,594)
- Financial income -€14,465
down €14,465 (-51.6%), from €28,038 to €13,573
- Gross operating margin -€4,514
down €4,514 (-33.3%), from -€13,538 to -€18,052
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 | €1,520,171 | €780,876 | -€739,295 | -48.6% |
| Fixed assets | 21/28 | €483,471 | - | -€483,471 | |
| Tangible fixed assets | 22/27 | €483,471 | - | -€483,471 | |
| Land and buildings | 22 | €483,471 | - | -€483,471 | |
| Current assets | 29/58 | €1,036,700 | €780,876 | -€255,824 | -24.7% |
| Amounts receivable after more than one year | 29 | €350,000 | €350,000 | = | 0.0% |
| Other amounts receivable | 291 | €350,000 | €350,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €539,546 | - | -€539,546 | |
| Other amounts receivable | 41 | €539,546 | - | -€539,546 | |
| Current investments | 50/53 | €60,275 | €60,275 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €71,411 | €346,382 | +€274,971 | +385% |
| Deferred charges and accrued income | 490/1 | €15,468 | €24,218 | +€8,750 | +56.6% |
| Total equity and liabilities | 10/49 | €1,520,171 | €780,876 | -€739,295 | -48.6% |
| Equity | 10/15 | €1,418,757 | €771,840 | -€646,917 | -45.6% |
| Contributions | 10/11 | €110,940 | €110,940 | = | 0.0% |
| Capital | 10 | €110,940 | €110,940 | = | 0.0% |
| Issued capital | 100 | €110,940 | €110,940 | = | 0.0% |
| Reserves | 13 | €1,307,817 | €1,000,457 | -€307,360 | -23.5% |
| Non-distributable reserves | 130/1 | €11,094 | €11,094 | = | 0.0% |
| Legal reserve | 130 | €11,094 | €11,094 | = | 0.0% |
| Tax-exempt reserves | 132 | €290,321 | - | -€290,321 | |
| Distributable reserves | 133 | €1,006,402 | €989,363 | -€17,039 | -1.7% |
| Profit (loss) carried forward | 14 | - | -€339,558 | -€339,558 | |
| Provisions and deferred taxes | 16 | €96,774 | - | -€96,774 | |
| Deferred taxes | 168 | €96,774 | - | -€96,774 | |
| Amounts payable | 17/49 | €4,640 | €9,036 | +€4,396 | +94.7% |
| Amounts payable within one year | 42/48 | - | €1,771 | +€1,771 | |
| Trade debts | 44 | - | €330 | +€330 | |
| Suppliers | 440/4 | - | €330 | +€330 | |
| Taxes, remuneration and social security | 45 | - | €1,440 | +€1,440 | |
| Taxes | 450/3 | - | €1,440 | +€1,440 | |
| Accrued charges and deferred income | 492/3 | €4,640 | €7,265 | +€2,625 | +56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,594 | - | -€16,594 | |
| Other operating charges | 640/8 | €3,013 | €3,115 | +€102 | +3.4% |
| Non-recurring operating charges | 66A | - | €676,471 | +€676,471 | |
| Gross operating margin | 9900 | -€13,538 | -€18,052 | -€4,514 | -33.3% |
| Operating profit (loss) | 9901 | -€33,145 | -€697,637 | -€664,492 | -2,005% |
| Financial income | 75/76B | €28,038 | €13,573 | -€14,465 | -51.6% |
| Recurring financial income | 75 | €28,038 | €13,573 | -€14,465 | -51.6% |
| Financial charges | 65/66B | €238 | €115 | -€123 | -51.7% |
| Recurring financial charges | 65 | €238 | €115 | -€123 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,345 | -€684,179 | -€678,834 | -12,701% |
| Transfer from deferred taxes | 780 | €3,759 | €96,774 | +€93,015 | +2,475% |
| Income taxes | 67/77 | €881 | €59,512 | +€58,631 | +6,655% |
| Profit (loss) for the period | 9904 | -€2,467 | -€646,917 | -€644,450 | -26,124% |
| Transfer from tax-exempt reserves | 789 | €11,277 | €290,321 | +€279,044 | +2,475% |
| Profit (loss) for the period to be appropriated | 9905 | €8,810 | -€356,596 | -€365,406 |
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 26 October 2026 via checked.be.