Midchoc: 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.
Midchoc
Largest movements
- Receivables within one year +€13,604
up €13,604 (+34.5%), from €39,464 to €53,068
of which Other amounts receivable: +€40,729
- Stocks and contracts +€9,539
up €9,539 (+66.5%), from €14,341 to €23,880
- Cash +€8,630
up €8,630 (+42.9%), from €20,137 to €28,767
mainly Net result for the year (+€44,577) and Debts after one year (+€25,000)
- Tangible fixed assets -€5,135
down €5,135 (-3.8%), from €135,250 to €130,115
of which Other tangible fixed assets: -€4,190
- Other debts -€53,224
down €53,224 (-43.6%), from €122,017 to €68,794
- Reserves +€44,577
up €44,577 (+176%), from €25,313 to €69,891
- Debts after one year +€25,000
new in 2025: €25,000
- Short-term financial debts +€22,088
new in 2025: €22,088
- Trade debts -€9,899
down €9,899 (-24.9%), from €39,712 to €29,813
- Gross operating margin +€113,623
up €113,623 (+152%), from €74,866 to €188,488
- Staff costs +€80,526
up €80,526 (+243%), from €33,080 to €113,606
- Depreciation +€9,960
up €9,960 (+155%), from €6,419 to €16,379
- Taxes +€9,239
up €9,239 (+175%), from €5,286 to €14,525
- Financial income +€6,515
up €6,515 (+561%), from €1,162 to €7,677
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 | €209,192 | €235,830 | +€26,638 | +12.7% |
| Fixed assets | 21/28 | €135,250 | €130,115 | -€5,135 | -3.8% |
| Tangible fixed assets | 22/27 | €135,250 | €130,115 | -€5,135 | -3.8% |
| Plant, machinery and equipment | 23 | €4,450 | €3,506 | -€944 | -21.2% |
| Other tangible fixed assets | 26 | €130,800 | €126,610 | -€4,190 | -3.2% |
| Current assets | 29/58 | €73,942 | €105,715 | +€31,773 | +43.0% |
| Stocks and contracts in progress | 3 | €14,341 | €23,880 | +€9,539 | +66.5% |
| Stocks | 30/36 | €14,341 | €23,880 | +€9,539 | +66.5% |
| Amounts receivable within one year | 40/41 | €39,464 | €53,068 | +€13,604 | +34.5% |
| Trade receivables | 40 | €35,092 | €7,967 | -€27,125 | -77.3% |
| Other amounts receivable | 41 | €4,373 | €45,101 | +€40,729 | +931% |
| Cash at bank and in hand | 54/58 | €20,137 | €28,767 | +€8,630 | +42.9% |
| Total equity and liabilities | 10/49 | €209,192 | €235,830 | +€26,638 | +12.7% |
| Equity | 10/15 | €30,313 | €74,891 | +€44,577 | +147% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,313 | €69,891 | +€44,577 | +176% |
| Distributable reserves | 133 | €25,313 | €69,891 | +€44,577 | +176% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €178,879 | €160,939 | -€17,939 | -10.0% |
| Amounts payable after more than one year | 17 | - | €25,000 | +€25,000 | |
| Other amounts payable | 178/9 | - | €25,000 | +€25,000 | |
| Amounts payable within one year | 42/48 | €178,543 | €135,785 | -€42,759 | -23.9% |
| Financial debts | 43 | - | €22,088 | +€22,088 | |
| Credit institutions | 430/8 | - | €22,088 | +€22,088 | |
| Trade debts | 44 | €39,712 | €29,813 | -€9,899 | -24.9% |
| Suppliers | 440/4 | €39,712 | €29,813 | -€9,899 | -24.9% |
| Advances received on contracts in progress | 46 | - | €700 | +€700 | |
| Taxes, remuneration and social security | 45 | €16,814 | €14,390 | -€2,424 | -14.4% |
| Taxes | 450/3 | €5,286 | €5,353 | +€67 | +1.3% |
| Remuneration and social security | 454/9 | €11,528 | €9,038 | -€2,490 | -21.6% |
| Other amounts payable | 47/48 | €122,017 | €68,794 | -€53,224 | -43.6% |
| Accrued charges and deferred income | 492/3 | €336 | €155 | -€181 | -53.8% |
| Remuneration, social security and pensions | 62 | €33,080 | €113,606 | +€80,526 | +243% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,419 | €16,379 | +€9,960 | +155% |
| Other operating charges | 640/8 | €1,214 | €1,159 | -€55 | -4.5% |
| Gross operating margin | 9900 | €74,866 | €188,488 | +€113,623 | +152% |
| Operating profit (loss) | 9901 | €34,152 | €57,344 | +€23,191 | +67.9% |
| Financial income | 75/76B | €1,162 | €7,677 | +€6,515 | +561% |
| Recurring financial income | 75 | €1,162 | €7,677 | +€6,515 | +561% |
| Financial charges | 65/66B | €3,049 | €5,918 | +€2,869 | +94.1% |
| Recurring financial charges | 65 | €3,049 | €5,918 | +€2,869 | +94.1% |
| Profit (loss) for the period before taxes | 9903 | €32,265 | €59,103 | +€26,837 | +83.2% |
| Income taxes | 67/77 | €5,286 | €14,525 | +€9,239 | +175% |
| Profit (loss) for the period | 9904 | €26,979 | €44,577 | +€17,598 | +65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,979 | €44,577 | +€17,598 | +65.2% |
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.