MIDCORE PROPERTY SERVICES: 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.
MIDCORE PROPERTY SERVICES
Largest movements
- Receivables within one year +€210,285
up €210,285 (+31.2%), from €673,462 to €883,748
of which Trade receivables: +€200,528
- Cash -€16,328
down €16,328 (-29.8%), from €54,779 to €38,451
mainly Receivables within one year (-€210,285) and Tax, wage and social debts (-€17,491)
- Accrued charges and deferred income +€117,824
up €117,824, from €0 to €117,824
- Trade debts +€77,609
up €77,609 (+15.5%), from €499,349 to €576,957
- Tax, wage and social debts -€17,491
down €17,491 (-61.0%), from €28,696 to €11,206
of which Taxes: -€17,837
- Gross operating margin +€14,106
up €14,106 (+15.9%), from €88,858 to €102,965
- Financial charges +€4,200
up €4,200 (+198%), from €2,126 to €6,326
- Staff costs -€3,875
down €3,875 (-4.3%), from €89,477 to €85,602
- Other operating charges +€1,881
up €1,881 (+863%), from €218 to €2,099
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 | €729,357 | €922,565 | +€193,208 | +26.5% |
| Fixed assets | 21/28 | €1,116 | €367 | -€749 | -67.1% |
| Tangible fixed assets | 22/27 | €1,116 | €367 | -€749 | -67.1% |
| Furniture and vehicles | 24 | €139 | €52 | -€88 | -62.8% |
| Other tangible fixed assets | 26 | €976 | €315 | -€661 | -67.7% |
| Current assets | 29/58 | €728,242 | €922,199 | +€193,957 | +26.6% |
| Amounts receivable within one year | 40/41 | €673,462 | €883,748 | +€210,285 | +31.2% |
| Trade receivables | 40 | €673,462 | €873,990 | +€200,528 | +29.8% |
| Other amounts receivable | 41 | €0 | €9,757 | +€9,757 | |
| Cash at bank and in hand | 54/58 | €54,779 | €38,451 | -€16,328 | -29.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €729,357 | €922,565 | +€193,208 | +26.5% |
| Equity | 10/15 | €33,087 | €39,841 | +€6,754 | +20.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,913 | -€10,159 | +€6,754 | +39.9% |
| Amounts payable | 17/49 | €696,271 | €882,725 | +€186,454 | +26.8% |
| Amounts payable after more than one year | 17 | €93,226 | €97,766 | +€4,540 | +4.9% |
| Other amounts payable | 178/9 | €93,226 | €97,766 | +€4,540 | +4.9% |
| Amounts payable within one year | 42/48 | €603,045 | €667,135 | +€64,090 | +10.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €499,349 | €576,957 | +€77,609 | +15.5% |
| Suppliers | 440/4 | €499,349 | €576,957 | +€77,609 | +15.5% |
| Taxes, remuneration and social security | 45 | €28,696 | €11,206 | -€17,491 | -61.0% |
| Taxes | 450/3 | €18,837 | €1,000 | -€17,837 | -94.7% |
| Remuneration and social security | 454/9 | €9,859 | €10,206 | +€347 | +3.5% |
| Other amounts payable | 47/48 | €75,000 | €78,972 | +€3,972 | +5.3% |
| Accrued charges and deferred income | 492/3 | €0 | €117,824 | +€117,824 | |
| Non-recurring operating income | 76A | - | €716 | +€716 | |
| Remuneration, social security and pensions | 62 | €89,477 | €85,602 | -€3,875 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,150 | €1,465 | -€685 | -31.9% |
| Other operating charges | 640/8 | €218 | €2,099 | +€1,881 | +863% |
| Gross operating margin | 9900 | €88,858 | €102,965 | +€14,106 | +15.9% |
| Operating profit (loss) | 9901 | -€2,987 | €13,798 | +€16,785 | |
| Financial income | 75/76B | €415 | €282 | -€132 | -31.9% |
| Recurring financial income | 75 | €415 | €282 | -€132 | -31.9% |
| Financial charges | 65/66B | €2,126 | €6,326 | +€4,200 | +198% |
| Recurring financial charges | 65 | €2,126 | €6,326 | +€4,200 | +198% |
| Profit (loss) for the period before taxes | 9903 | -€4,699 | €7,754 | +€12,453 | |
| Income taxes | 67/77 | €0 | €1,000 | +€1,000 | +294,018% |
| Profit (loss) for the period | 9904 | -€4,699 | €6,754 | +€11,453 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,699 | €6,754 | +€11,453 |
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 19 October 2026 via checked.be.