MIDFINPAR: 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.
MIDFINPAR
Largest movements
- Receivables within one year +€786,557
up €786,557 (+1808.3%), from €43,498 to €830,055
of which Other amounts receivable: +€826,557
- Cash -€212,129
down €212,129 (-61.2%), from €346,732 to €134,603
mainly Other debts (-€3.1m) and Receivables within one year (-€786,557)
- Deferred charges and accrued income -€204,793
down €204,793 (-100.0%), from €204,793 to €0
- Profit (loss) carried forward +€3.5m
up €3.5m (+1869.7%), from €186,966 to €3.7m
- Other debts -€3.1m
down €3.1m (-56.4%), from €5.5m to €2.4m
- Financial income -€266,779
down €266,779 (-7.0%), from €3.8m to €3.6m
- Services and other goods +€256,168
new in 2025: €256,168
- Turnover -€105,000
down €105,000 (-30.4%), from €345,000 to €240,000
- Taxes -€37,229
down €37,229 (-100.0%), from €37,229 to €0
- Financial charges +€17,987
up €17,987 (+67.5%), from €26,641 to €44,628
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 | €8,648,065 | €9,017,699 | +€369,635 | +4.3% |
| Fixed assets | 21/28 | €8,053,041 | €8,053,041 | = | 0.0% |
| Financial fixed assets | 28 | €8,053,041 | €8,053,041 | = | 0.0% |
| Affiliated companies | 280/1 | - | €8,053,041 | +€8.1m | |
| Participating interests | 280 | - | €8,053,041 | +€8.1m | |
| Current assets | 29/58 | €595,024 | €964,658 | +€369,635 | +62.1% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €43,498 | €830,055 | +€786,557 | +1808.3% |
| Trade receivables | 40 | €40,000 | €0 | -€40,000 | -100.0% |
| Other amounts receivable | 41 | €3,498 | €830,055 | +€826,557 | +23630.4% |
| Cash at bank and in hand | 54/58 | €346,732 | €134,603 | -€212,129 | -61.2% |
| Deferred charges and accrued income | 490/1 | €204,793 | €0 | -€204,793 | -100.0% |
| Total equity and liabilities | 10/49 | €8,648,065 | €9,017,699 | +€369,635 | +4.3% |
| Equity | 10/15 | €3,112,966 | €6,608,727 | +€3.5m | +112.3% |
| Contributions | 10/11 | €2,660,000 | €2,660,000 | = | 0.0% |
| Capital | 10 | €2,660,000 | €2,660,000 | = | 0.0% |
| Issued capital | 100 | €2,660,000 | €2,660,000 | = | 0.0% |
| Reserves | 13 | €266,000 | €266,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €266,000 | €266,000 | = | 0.0% |
| Legal reserve | 130 | €266,000 | €266,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €186,966 | €3,682,727 | +€3.5m | +1869.7% |
| Amounts payable | 17/49 | €5,535,098 | €2,408,973 | -€3.1m | -56.5% |
| Amounts payable within one year | 42/48 | €5,509,028 | €2,400,424 | -€3.1m | -56.4% |
| Trade debts | 44 | €1,513 | €424 | -€1,089 | -72.0% |
| Suppliers | 440/4 | €1,513 | €424 | -€1,089 | -72.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,507,516 | €2,400,000 | -€3.1m | -56.4% |
| Accrued charges and deferred income | 492/3 | €26,070 | €8,549 | -€17,521 | -67.2% |
| Operating income | 70/76A | - | €240,000 | +€240,000 | |
| Turnover | 70 | €345,000 | €240,000 | -€105,000 | -30.4% |
| Operating charges | 60/66A | - | €256,168 | +€256,168 | |
| Goods, raw materials, services and sundry goods | 60/61 | €360,942 | - | -€360,942 | |
| Services and other goods | 61 | - | €256,168 | +€256,168 | |
| Gross operating margin | 9900 | -€15,942 | - | +€15,942 | |
| Operating profit (loss) | 9901 | -€15,942 | -€16,168 | -€226 | -1.4% |
| Financial income | 75/76B | €3,823,336 | €3,556,557 | -€266,779 | -7.0% |
| Recurring financial income | 75 | €3,823,336 | €3,556,557 | -€266,779 | -7.0% |
| Income from financial fixed assets | 750 | - | €3,556,557 | +€3.6m | |
| Income from current assets | 751 | - | €0 | = | |
| Financial charges | 65/66B | €26,641 | €44,628 | +€17,987 | +67.5% |
| Recurring financial charges | 65 | €26,641 | €44,628 | +€17,987 | +67.5% |
| Debt charges | 650 | - | €44,297 | +€44,297 | |
| Other financial charges | 652/9 | - | €331 | +€331 | |
| Profit (loss) for the period before taxes | 9903 | €3,780,752 | €3,495,761 | -€284,991 | -7.5% |
| Income taxes | 67/77 | €37,229 | €0 | -€37,229 | -100.0% |
| Taxes | 670/3 | - | €0 | = | |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €3,743,523 | €3,495,761 | -€247,763 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,743,523 | €3,495,761 | -€247,763 | -6.6% |
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 5 October 2026 via checked.be.