MIDINVEST: 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.
MIDINVEST
Largest movements
- Receivables within one year -€87,064
down €87,064 (-39.5%), from €220,501 to €133,437
of which Other amounts receivable: -€85,064
- Tangible fixed assets +€24,740
up €24,740 (+3.9%), from €634,467 to €659,207
of which Furniture and vehicles: +€52,349
- Cash -€13,001
down €13,001 (-66.3%), from €19,611 to €6,610
mainly Contributions, distributions and other (-€99,749) and Investment in fixed assets (net) (-€67,027)
- Reserves -€78,361
down €78,361 (-10.7%), from €732,179 to €653,818
of which Distributable reserves: -€73,785
- Gross operating margin +€46,494
up €46,494 (+698%), from €6,662 to €53,156
- Financial income -€2,603
down €2,603 (-20.8%), from €12,535 to €9,931
- Depreciation -€1,298
down €1,298 (-3.0%), from €43,585 to €42,287
- Other operating charges -€697
down €697 (-33.5%), from €2,080 to €1,383
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 | €874,580 | €799,254 | -€75,325 | -8.6% |
| Fixed assets | 21/28 | €634,467 | €659,207 | +€24,740 | +3.9% |
| Tangible fixed assets | 22/27 | €634,467 | €659,207 | +€24,740 | +3.9% |
| Land and buildings | 22 | €630,099 | €600,524 | -€29,576 | -4.7% |
| Plant, machinery and equipment | 23 | €775 | €2,742 | +€1,967 | +254% |
| Furniture and vehicles | 24 | €3,593 | €55,942 | +€52,349 | +1,457% |
| Current assets | 29/58 | €240,112 | €140,047 | -€100,066 | -41.7% |
| Amounts receivable within one year | 40/41 | €220,501 | €133,437 | -€87,064 | -39.5% |
| Trade receivables | 40 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts receivable | 41 | €218,501 | €133,437 | -€85,064 | -38.9% |
| Cash at bank and in hand | 54/58 | €19,611 | €6,610 | -€13,001 | -66.3% |
| Total equity and liabilities | 10/49 | €874,580 | €799,254 | -€75,325 | -8.6% |
| Equity | 10/15 | €822,179 | €743,818 | -€78,361 | -9.5% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €732,179 | €653,818 | -€78,361 | -10.7% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €101,329 | €96,753 | -€4,576 | -4.5% |
| Distributable reserves | 133 | €621,851 | €548,065 | -€73,785 | -11.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €52,176 | €49,820 | -€2,356 | -4.5% |
| Deferred taxes | 168 | €52,176 | €49,820 | -€2,356 | -4.5% |
| Amounts payable | 17/49 | €224 | €5,616 | +€5,392 | +2,412% |
| Amounts payable within one year | 42/48 | €224 | €5,616 | +€5,392 | +2,412% |
| Trade debts | 44 | €224 | €409 | +€185 | +82.8% |
| Suppliers | 440/4 | €224 | €409 | +€185 | +82.8% |
| Taxes, remuneration and social security | 45 | - | €5,207 | +€5,207 | |
| Taxes | 450/3 | - | €5,207 | +€5,207 | |
| Non-recurring operating income | 76A | - | €44,907 | +€44,907 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,585 | €42,287 | -€1,298 | -3.0% |
| Other operating charges | 640/8 | €2,080 | €1,383 | -€697 | -33.5% |
| Gross operating margin | 9900 | €6,662 | €53,156 | +€46,494 | +698% |
| Operating profit (loss) | 9901 | -€39,004 | €9,486 | +€48,490 | |
| Financial income | 75/76B | €12,535 | €9,931 | -€2,603 | -20.8% |
| Recurring financial income | 75 | €12,535 | €9,931 | -€2,603 | -20.8% |
| Financial charges | 65/66B | €45 | €45 | -€0 | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,515 | €19,372 | +€45,887 | |
| Transfer from deferred taxes | 780 | €2,356 | €2,356 | = | 0.0% |
| Income taxes | 67/77 | - | €341 | +€341 | |
| Profit (loss) for the period | 9904 | -€24,159 | €21,387 | +€45,546 | |
| Transfer from tax-exempt reserves | 789 | €4,576 | €4,576 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,583 | €25,963 | +€45,546 |
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 25 October 2026 via checked.be.