MIDCENTRUM: what changed
Two fiscal 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.
MIDCENTRUM
Largest movements
- Current investments +€348,754
up €348,754 (+22.0%), from €1.6m to €1.9m
- Tangible fixed assets -€164,434
down €164,434 (-6.9%), from €2.4m to €2.2m
of which Land and buildings: -€164,202
- Receivables after one year +€157,500
up €157,500 (+32.5%), from €485,000 to €642,500
- Receivables within one year -€113,089
down €113,089 (-44.1%), from €256,265 to €143,176
of which Trade receivables: -€79,853
- Reserves +€133,867
up €133,867 (+179.3%), from €74,642 to €208,509
- Trade debts +€101,547
up €101,547 (+2050.7%), from €4,952 to €106,499
- Financial income +€246,466
up €246,466 (+1341.2%), from €18,377 to €264,843
- Gross operating margin -€142,955
down €142,955 (-67.0%), from €213,339 to €70,385
- Depreciation -€2,140
down €2,140 (-1.3%), from €166,575 to €164,434
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 | €4,836,009 | €5,069,143 | +€233,135 | +4.8% |
| Fixed assets | 21/28 | €2,398,626 | €2,234,191 | -€164,434 | -6.9% |
| Tangible fixed assets | 22/27 | €2,398,626 | €2,234,191 | -€164,434 | -6.9% |
| Land and buildings | 22 | €2,397,971 | €2,233,770 | -€164,202 | -6.8% |
| Plant, machinery and equipment | 23 | €655 | €422 | -€233 | -35.6% |
| Current assets | 29/58 | €2,437,383 | €2,834,952 | +€397,569 | +16.3% |
| Amounts receivable after more than one year | 29 | €485,000 | €642,500 | +€157,500 | +32.5% |
| Other amounts receivable | 291 | €485,000 | €642,500 | +€157,500 | +32.5% |
| Amounts receivable within one year | 40/41 | €256,265 | €143,176 | -€113,089 | -44.1% |
| Trade receivables | 40 | €176,625 | €96,772 | -€79,853 | -45.2% |
| Other amounts receivable | 41 | €79,640 | €46,404 | -€33,236 | -41.7% |
| Current investments | 50/53 | €1,586,794 | €1,935,547 | +€348,754 | +22.0% |
| Cash at bank and in hand | 54/58 | €106,311 | €113,729 | +€7,417 | +7.0% |
| Deferred charges and accrued income | 490/1 | €3,013 | €0 | -€3,013 | -100.0% |
| Total equity and liabilities | 10/49 | €4,836,009 | €5,069,143 | +€233,135 | +4.8% |
| Equity | 10/15 | €4,825,519 | €4,959,386 | +€133,867 | +2.8% |
| Contributions | 10/11 | €4,750,877 | €4,750,877 | = | 0.0% |
| Reserves | 13 | €74,642 | €208,509 | +€133,867 | +179.3% |
| Distributable reserves | 133 | €74,642 | €208,509 | +€133,867 | +179.3% |
| Amounts payable | 17/49 | €10,489 | €109,757 | +€99,268 | +946.4% |
| Amounts payable within one year | 42/48 | €10,489 | €109,757 | +€99,268 | +946.4% |
| Trade debts | 44 | €4,952 | €106,499 | +€101,547 | +2050.7% |
| Suppliers | 440/4 | €4,952 | €106,499 | +€101,547 | +2050.7% |
| Taxes, remuneration and social security | 45 | €2,811 | €532 | -€2,279 | -81.1% |
| Taxes | 450/3 | €2,811 | €532 | -€2,279 | -81.1% |
| Other amounts payable | 47/48 | €2,727 | €2,727 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,575 | €164,434 | -€2,140 | -1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€29 | -€133 | -€104 | -358.6% |
| Other operating charges | 640/8 | €35,485 | €36,999 | +€1,514 | +4.3% |
| Gross operating margin | 9900 | €213,339 | €70,385 | -€142,955 | -67.0% |
| Operating profit (loss) | 9901 | €11,308 | -€130,916 | -€142,224 | |
| Financial income | 75/76B | €18,377 | €264,843 | +€246,466 | +1341.2% |
| Recurring financial income | 75 | €18,377 | €264,843 | +€246,466 | +1341.2% |
| Financial charges | 65/66B | €29 | €61 | +€32 | +112.3% |
| Recurring financial charges | 65 | €29 | €61 | +€32 | +112.3% |
| Profit (loss) for the period before taxes | 9903 | €29,657 | €133,867 | +€104,210 | +351.4% |
| Profit (loss) for the period | 9904 | €29,657 | €133,867 | +€104,210 | +351.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,657 | €133,867 | +€104,210 | +351.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.