LE MIDI: 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.
What changed
LE MIDI
NACE 93.110, Operation of sports facilities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€105,521
2024 · €104,819+€702
Equity
€857,467
2024 · €758,091+€99,376
Cash
€59,865
2024 · €61,816-€1,951
Balance sheet total
€1.5m
2024 · €1.3m+€133,139
Largest movements
Assets
- Receivables within one year +€123,306
up €123,306 (+55.5%), from €222,328 to €345,634
of which Trade receivables: +€104,995
- Tangible fixed assets +€27,226
up €27,226 (+2.8%), from €988,466 to €1.0m
of which Furniture and vehicles: +€21,706
Equity and liabilities
- Profit (loss) carried forward +€109,453
up €109,453 (+23.4%), from €468,429 to €577,882
- Trade debts +€81,918
up €81,918 (+62.8%), from €130,391 to €212,310
- Debts after one year -€70,314
down €70,314 (-29.2%), from €241,050 to €170,736
- Current portion of long-term debt +€43,524
up €43,524 (+35.5%), from €122,766 to €166,290
- Short-term financial debts -€16,668
down €16,668 (-80.4%), from €20,735 to €4,067
Income statement
- Staff costs +€8,062
up €8,062 (+2.2%), from €369,128 to €377,190
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.
Result 2024
€104,819
Gross operating margin
+€3,064
Staff costs
-€8,062
Depreciation
-€5,206
Other operating charges
+€2,741
Financial income
+€1,378
Financial charges
+€5,293
Taxes
+€1,493
Result 2025
€105,521
raises the resultlowers the result
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.
From operations
+€215,197
Investment
-€167,545
Financing
-€49,602
Cash 2024
€61,816
From operations (derived)
+€215,197
Net result for the year
+€105,521
Depreciation
+€140,320
Stocks and contracts
+€13,506
Receivables within one year
-€123,306
Deferred charges and accrued income
+€1,936
Provisions
-€2,219
Trade debts
+€81,918
Tax, wage and social debts
+€6,689
Other debts
-€9,168
Investment (derived)
-€167,545
Investment in fixed assets (net)
-€167,545
Financing
-€49,602
Debts after one year
-€70,314
Current portion of long-term debt
+€43,524
Short-term financial debts
-€16,668
Contributions, distributions and other
-€6,144
Cash 2025
€59,865
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,333,006 | €1,466,146 | +€133,139 | +10.0% |
| Fixed assets | 21/28 | €988,689 | €1,015,915 | +€27,226 | +2.8% |
| Tangible fixed assets | 22/27 | €988,466 | €1,015,691 | +€27,226 | +2.8% |
| Land and buildings | 22 | €900,376 | €913,947 | +€13,570 | +1.5% |
| Plant, machinery and equipment | 23 | €22,837 | €14,786 | -€8,051 | -35.3% |
| Furniture and vehicles | 24 | €65,252 | €86,959 | +€21,706 | +33.3% |
| Financial fixed assets | 28 | €224 | €224 | = | 0.0% |
| Current assets | 29/58 | €344,317 | €450,231 | +€105,913 | +30.8% |
| Stocks and contracts in progress | 3 | €37,249 | €23,743 | -€13,506 | -36.3% |
| Stocks | 30/36 | €37,249 | €23,743 | -€13,506 | -36.3% |
| Amounts receivable within one year | 40/41 | €222,328 | €345,634 | +€123,306 | +55.5% |
| Trade receivables | 40 | €53,621 | €158,616 | +€104,995 | +196% |
| Other amounts receivable | 41 | €168,708 | €187,019 | +€18,311 | +10.9% |
| Cash at bank and in hand | 54/58 | €61,816 | €59,865 | -€1,951 | -3.2% |
| Deferred charges and accrued income | 490/1 | €22,925 | €20,988 | -€1,936 | -8.4% |
| Total equity and liabilities | 10/49 | €1,333,006 | €1,466,146 | +€133,139 | +10.0% |
| Equity | 10/15 | €758,091 | €857,467 | +€99,376 | +13.1% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Capital | 10 | €198,315 | €198,315 | = | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €61,009 | €57,077 | -€3,933 | -6.4% |
| Non-distributable reserves | 130/1 | €21,581 | €21,581 | = | 0.0% |
| Legal reserve | 130 | €21,581 | €21,581 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,428 | €35,496 | -€3,933 | -10.0% |
| Profit (loss) carried forward | 14 | €468,429 | €577,882 | +€109,453 | +23.4% |
| Investment grants | 15 | €30,338 | €24,194 | -€6,144 | -20.3% |
| Provisions and deferred taxes | 16 | €11,989 | €9,770 | -€2,219 | -18.5% |
| Deferred taxes | 168 | €11,989 | €9,770 | -€2,219 | -18.5% |
| Amounts payable | 17/49 | €562,926 | €598,908 | +€35,982 | +6.4% |
| Amounts payable after more than one year | 17 | €241,050 | €170,736 | -€70,314 | -29.2% |
| Financial debts | 170/4 | €241,050 | €170,736 | -€70,314 | -29.2% |
| Amounts payable within one year | 42/48 | €321,876 | €428,172 | +€106,296 | +33.0% |
| Current portion of amounts payable after more than one year | 42 | €122,766 | €166,290 | +€43,524 | +35.5% |
| Financial debts | 43 | €20,735 | €4,067 | -€16,668 | -80.4% |
| Credit institutions | 430/8 | €20,735 | €4,067 | -€16,668 | -80.4% |
| Trade debts | 44 | €130,391 | €212,310 | +€81,918 | +62.8% |
| Suppliers | 440/4 | €130,391 | €212,310 | +€81,918 | +62.8% |
| Taxes, remuneration and social security | 45 | €38,801 | €45,490 | +€6,689 | +17.2% |
| Taxes | 450/3 | €10,036 | €272 | -€9,764 | -97.3% |
| Remuneration and social security | 454/9 | €28,764 | €45,217 | +€16,453 | +57.2% |
| Other amounts payable | 47/48 | €9,183 | €16 | -€9,168 | -99.8% |
| Remuneration, social security and pensions | 62 | €369,128 | €377,190 | +€8,062 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,114 | €140,320 | +€5,206 | +3.9% |
| Other operating charges | 640/8 | €11,532 | €8,791 | -€2,741 | -23.8% |
| Gross operating margin | 9900 | €679,237 | €682,301 | +€3,064 | +0.5% |
| Operating profit (loss) | 9901 | €163,463 | €156,000 | -€7,463 | -4.6% |
| Financial income | 75/76B | €6,147 | €7,526 | +€1,378 | +22.4% |
| Recurring financial income | 75 | €6,147 | €7,526 | +€1,378 | +22.4% |
| Financial charges | 65/66B | €26,738 | €21,445 | -€5,293 | -19.8% |
| Recurring financial charges | 65 | €26,738 | €21,445 | -€5,293 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €142,872 | €142,081 | -€792 | -0.6% |
| Transfer from deferred taxes | 780 | €2,219 | €2,219 | = | 0.0% |
| Income taxes | 67/77 | €40,272 | €38,779 | -€1,493 | -3.7% |
| Profit (loss) for the period | 9904 | €104,819 | €105,521 | +€702 | +0.7% |
| Transfer from tax-exempt reserves | 789 | €3,933 | €3,933 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,752 | €109,453 | +€702 | +0.6% |
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 24 October 2026 via checked.be.