MIDFIELD: what changed
MIDFIELD
Largest movements
- Cash -€20,189
down €20,189 (-88.3%), from €22,864 to €2,675
mainly Net result for the year (-€11,589) and Receivables within one year (-€8,483)
- Receivables within one year +€8,483
up €8,483 (+91.1%), from €9,314 to €17,797
of which Trade receivables: +€12,729
- Tangible fixed assets -€3,574
down €3,574 (-60.1%), from €5,948 to €2,374
of which Plant, machinery and equipment: -€2,985
- Intangible fixed assets -€450
down €450 (-70.2%), from €641 to €191
- Profit (loss) carried forward -€11,589
down €11,589 (-97.0%), from €11,948 to €359
- Tax, wage and social debts -€3,410
no longer reported in 2025 (was €3,410)
- Current portion of long-term debt -€1,060
no longer reported in 2025 (was €1,060)
- Other debts +€401
up €401 (+33.9%), from €1,184 to €1,585
- Turnover -€62,954
no longer reported in 2025 (was €62,954)
- Purchases and services -€35,018
down €35,018 (-83.9%), from €41,762 to €6,744
- Gross operating margin -€27,936
down €27,936, from €21,192 to -€6,744
- Financial charges -€12,845
down €12,845 (-97.0%), from €13,244 to €399
of which Non-recurring financial charges: -€12,729
- Depreciation -€5,833
down €5,833 (-59.2%), from €9,857 to €4,024
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,767 | €23,037 | -€15,730 | -40.6% |
| Fixed assets | 21/28 | €6,589 | €2,565 | -€4,024 | -61.1% |
| Intangible fixed assets | 21 | €641 | €191 | -€450 | -70.2% |
| Tangible fixed assets | 22/27 | €5,948 | €2,374 | -€3,574 | -60.1% |
| Plant, machinery and equipment | 23 | €3,900 | €915 | -€2,985 | -76.5% |
| Furniture and vehicles | 24 | €2,048 | €1,459 | -€589 | -28.8% |
| Current assets | 29/58 | €32,178 | €20,472 | -€11,706 | -36.4% |
| Amounts receivable within one year | 40/41 | €9,314 | €17,797 | +€8,483 | +91.1% |
| Trade receivables | 40 | €4,971 | €17,700 | +€12,729 | +256% |
| Other amounts receivable | 41 | €4,343 | €97 | -€4,246 | -97.8% |
| Cash at bank and in hand | 54/58 | €22,864 | €2,675 | -€20,189 | -88.3% |
| Total equity and liabilities | 10/49 | €38,767 | €23,037 | -€15,730 | -40.6% |
| Equity | 10/15 | €20,673 | €9,083 | -€11,590 | -56.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €6,724 | €6,724 | -€0 | 0.0% |
| Distributable reserves | 133 | €6,724 | €6,724 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €11,948 | €359 | -€11,589 | -97.0% |
| Amounts payable | 17/49 | €18,094 | €13,954 | -€4,140 | -22.9% |
| Amounts payable within one year | 42/48 | €18,094 | €13,954 | -€4,140 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €1,060 | - | -€1,060 | |
| Trade debts | 44 | €12,440 | €12,369 | -€71 | -0.6% |
| Suppliers | 440/4 | €12,440 | €12,369 | -€71 | -0.6% |
| Taxes, remuneration and social security | 45 | €3,410 | - | -€3,410 | |
| Taxes | 450/3 | €3,410 | - | -€3,410 | |
| Other amounts payable | 47/48 | €1,184 | €1,585 | +€401 | +33.9% |
| Turnover | 70 | €62,954 | - | -€62,954 | |
| Goods, raw materials, services and sundry goods | 60/61 | €41,762 | €6,744 | -€35,018 | -83.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,857 | €4,024 | -€5,833 | -59.2% |
| Other operating charges | 640/8 | €670 | €540 | -€130 | -19.4% |
| Gross operating margin | 9900 | €21,192 | -€6,744 | -€27,936 | |
| Operating profit (loss) | 9901 | €10,665 | -€11,308 | -€21,973 | |
| Financial income | 75/76B | €423 | €118 | -€305 | -72.1% |
| Recurring financial income | 75 | €423 | €118 | -€305 | -72.1% |
| Financial charges | 65/66B | €13,244 | €399 | -€12,845 | -97.0% |
| Recurring financial charges | 65 | €515 | €399 | -€116 | -22.6% |
| Non-recurring financial charges | 66B | €12,729 | - | -€12,729 | |
| Profit (loss) for the period before taxes | 9903 | -€2,157 | -€11,589 | -€9,432 | -437% |
| Profit (loss) for the period | 9904 | -€2,157 | -€11,589 | -€9,432 | -437% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,157 | -€11,589 | -€9,432 | -437% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.