IMMO VAN MIDDELEM: 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.
IMMO VAN MIDDELEM
Largest movements
- Receivables within one year +€20,237
up €20,237 (+15.7%), from €128,582 to €148,818
of which Trade receivables: +€22,593
- Intangible fixed assets -€19,000
down €19,000 (-12.4%), from €152,781 to €133,781
- Deferred charges and accrued income -€9,157
down €9,157 (-87.4%), from €10,478 to €1,321
- Tangible fixed assets -€7,412
down €7,412 (-17.7%), from €41,871 to €34,459
- Profit (loss) carried forward +€35,209
up €35,209 (+240.9%), from €14,615 to €49,824
- Trade debts -€34,927
down €34,927 (-39.5%), from €88,382 to €53,455
- Debts after one year -€17,319
down €17,319 (-8.8%), from €197,413 to €180,094
- Accrued charges and deferred income +€11,363
new in 2025: €11,363
- Other debts -€4,928
down €4,928 (-82.3%), from €5,990 to €1,062
- Gross operating margin +€29,575
up €29,575 (+34.2%), from €86,380 to €115,955
- Taxes +€7,552
up €7,552 (+285.6%), from €2,644 to €10,196
- Financial charges -€3,982
down €3,982 (-21.7%), from €18,390 to €14,408
- Depreciation +€1,966
up €1,966 (+8.0%), from €24,446 to €26,412
- Staff costs -€1,194
down €1,194 (-3.9%), from €30,962 to €29,769
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 | €347,256 | €334,431 | -€12,825 | -3.7% |
| Fixed assets | 21/28 | €194,652 | €168,240 | -€26,412 | -13.6% |
| Intangible fixed assets | 21 | €152,781 | €133,781 | -€19,000 | -12.4% |
| Tangible fixed assets | 22/27 | €41,871 | €34,459 | -€7,412 | -17.7% |
| Plant, machinery and equipment | 23 | €8,089 | €4,778 | -€3,311 | -40.9% |
| Furniture and vehicles | 24 | €2,169 | €1,656 | -€512 | -23.6% |
| Other tangible fixed assets | 26 | €31,613 | €28,024 | -€3,589 | -11.4% |
| Current assets | 29/58 | €152,604 | €166,192 | +€13,587 | +8.9% |
| Amounts receivable within one year | 40/41 | €128,582 | €148,818 | +€20,237 | +15.7% |
| Trade receivables | 40 | €121,226 | €143,818 | +€22,593 | +18.6% |
| Other amounts receivable | 41 | €7,356 | €5,000 | -€2,356 | -32.0% |
| Cash at bank and in hand | 54/58 | €13,544 | €16,052 | +€2,508 | +18.5% |
| Deferred charges and accrued income | 490/1 | €10,478 | €1,321 | -€9,157 | -87.4% |
| Total equity and liabilities | 10/49 | €347,256 | €334,431 | -€12,825 | -3.7% |
| Equity | 10/15 | €19,615 | €54,824 | +€35,209 | +179.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,615 | €49,824 | +€35,209 | +240.9% |
| Amounts payable | 17/49 | €327,641 | €279,607 | -€48,034 | -14.7% |
| Amounts payable after more than one year | 17 | €197,413 | €180,094 | -€17,319 | -8.8% |
| Financial debts | 170/4 | €197,413 | €180,094 | -€17,319 | -8.8% |
| Amounts payable within one year | 42/48 | €130,228 | €88,151 | -€42,078 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €15,431 | €16,150 | +€719 | +4.7% |
| Trade debts | 44 | €88,382 | €53,455 | -€34,927 | -39.5% |
| Suppliers | 440/4 | €88,382 | €53,455 | -€34,927 | -39.5% |
| Taxes, remuneration and social security | 45 | €20,426 | €17,484 | -€2,942 | -14.4% |
| Taxes | 450/3 | €14,750 | €17,484 | +€2,733 | +18.5% |
| Remuneration and social security | 454/9 | €5,676 | - | -€5,676 | |
| Other amounts payable | 47/48 | €5,990 | €1,062 | -€4,928 | -82.3% |
| Accrued charges and deferred income | 492/3 | - | €11,363 | +€11,363 | |
| Remuneration, social security and pensions | 62 | €30,962 | €29,769 | -€1,194 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,446 | €26,412 | +€1,966 | +8.0% |
| Other operating charges | 640/8 | €399 | - | -€399 | |
| Gross operating margin | 9900 | €86,380 | €115,955 | +€29,575 | +34.2% |
| Operating profit (loss) | 9901 | €30,572 | €59,774 | +€29,202 | +95.5% |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €18,390 | €14,408 | -€3,982 | -21.7% |
| Recurring financial charges | 65 | €18,390 | €14,408 | -€3,982 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €12,182 | €45,405 | +€33,223 | +272.7% |
| Income taxes | 67/77 | €2,644 | €10,196 | +€7,552 | +285.6% |
| Profit (loss) for the period | 9904 | €9,538 | €35,209 | +€25,671 | +269.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,538 | €35,209 | +€25,671 | +269.1% |
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 12 October 2026 via checked.be.