MIDCORP: 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.
MIDCORP
Largest movements
- Receivables within one year +€49,607
up €49,607 (+69.1%), from €71,816 to €121,423
of which Trade receivables: +€31,443
- Tangible fixed assets +€43,186
up €43,186 (+236.6%), from €18,254 to €61,441
of which Furniture and vehicles: +€46,616
- Cash -€22,809
down €22,809 (-58.5%), from €38,982 to €16,173
mainly Investment in fixed assets (net) (-€56,959) and Receivables within one year (-€49,607)
- Receivables after one year -€4,800
down €4,800 (-21.7%), from €22,128 to €17,328
- Other debts +€52,163
new in 2022: €52,163
- Profit (loss) carried forward +€21,691
up €21,691 (+19.4%), from €111,705 to €133,397
- Tax, wage and social debts -€12,173
down €12,173 (-31.6%), from €38,509 to €26,336
- Trade debts +€4,916
up €4,916 (+509.3%), from €965 to €5,882
- Gross operating margin -€23,857
down €23,857 (-34.2%), from €69,736 to €45,878
- Depreciation +€9,927
up €9,927 (+258.2%), from €3,845 to €13,773
- Taxes -€6,941
down €6,941 (-50.7%), from €13,678 to €6,738
- Other operating charges +€4,503
new in 2022: €4,503
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,180 | €217,778 | +€66,598 | +44.1% |
| Fixed assets | 21/28 | €18,254 | €61,441 | +€43,186 | +236.6% |
| Tangible fixed assets | 22/27 | €18,254 | €61,441 | +€43,186 | +236.6% |
| Furniture and vehicles | 24 | €7,419 | €54,036 | +€46,616 | +628.3% |
| Other tangible fixed assets | 26 | €10,835 | €7,405 | -€3,430 | -31.7% |
| Current assets | 29/58 | €132,926 | €156,337 | +€23,411 | +17.6% |
| Amounts receivable after more than one year | 29 | €22,128 | €17,328 | -€4,800 | -21.7% |
| Other amounts receivable | 291 | €22,128 | €17,328 | -€4,800 | -21.7% |
| Amounts receivable within one year | 40/41 | €71,816 | €121,423 | +€49,607 | +69.1% |
| Trade receivables | 40 | €34,852 | €66,295 | +€31,443 | +90.2% |
| Other amounts receivable | 41 | €36,964 | €55,128 | +€18,164 | +49.1% |
| Cash at bank and in hand | 54/58 | €38,982 | €16,173 | -€22,809 | -58.5% |
| Deferred charges and accrued income | 490/1 | - | €1,413 | +€1,413 | |
| Total equity and liabilities | 10/49 | €151,180 | €217,778 | +€66,598 | +44.1% |
| Equity | 10/15 | €111,705 | €133,397 | +€21,691 | +19.4% |
| Profit (loss) carried forward | 14 | €111,705 | €133,397 | +€21,691 | +19.4% |
| Amounts payable | 17/49 | €39,475 | €84,381 | +€44,906 | +113.8% |
| Amounts payable within one year | 42/48 | €39,475 | €84,381 | +€44,906 | +113.8% |
| Trade debts | 44 | €965 | €5,882 | +€4,916 | +509.3% |
| Suppliers | 440/4 | €965 | €5,882 | +€4,916 | +509.3% |
| Taxes, remuneration and social security | 45 | €38,509 | €26,336 | -€12,173 | -31.6% |
| Taxes | 450/3 | €38,509 | €26,336 | -€12,173 | -31.6% |
| Other amounts payable | 47/48 | - | €52,163 | +€52,163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,845 | €13,773 | +€9,927 | +258.2% |
| Other operating charges | 640/8 | - | €4,503 | +€4,503 | |
| Gross operating margin | 9900 | €69,736 | €45,878 | -€23,857 | -34.2% |
| Operating profit (loss) | 9901 | €65,890 | €27,603 | -€38,287 | -58.1% |
| Financial income | 75/76B | €892 | €1,090 | +€197 | +22.1% |
| Recurring financial income | 75 | €892 | €1,090 | +€197 | +22.1% |
| Financial charges | 65/66B | €181 | €263 | +€83 | +45.8% |
| Recurring financial charges | 65 | €181 | €263 | +€83 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | €66,602 | €28,429 | -€38,173 | -57.3% |
| Income taxes | 67/77 | €13,678 | €6,738 | -€6,941 | -50.7% |
| Profit (loss) for the period | 9904 | €52,924 | €21,691 | -€31,232 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,924 | €21,691 | -€31,232 | -59.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.