MIDRANGE INTEGRATIONS: 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.
MIDRANGE INTEGRATIONS
Largest movements
- Cash +€97,637
up €97,637 (+136%), from €71,647 to €169,284
mainly Net result for the year (+€94,508) and Contributions, distributions and other (+€87,504)
- Current investments -€82,079
down €82,079 (-9.6%), from €856,895 to €774,816
- Tangible fixed assets +€79,447
up €79,447 (+28.1%), from €282,630 to €362,077
of which Land and buildings: +€81,128
- Receivables within one year +€55,932
up €55,932 (+87.7%), from €63,749 to €119,681
of which Trade receivables: +€33,783
- Reserves +€94,508
up €94,508 (+11.0%), from €863,000 to €957,508
- Revaluation surpluses +€87,504
new in 2025: €87,504
- Other debts -€26,964
down €26,964 (-34.2%), from €78,929 to €51,965
- Gross operating margin -€58,779
down €58,779 (-29.6%), from €198,375 to €139,596
- Taxes -€19,241
down €19,241 (-34.5%), from €55,744 to €36,503
- Depreciation -€7,573
down €7,573 (-43.7%), from €17,335 to €9,762
- Financial income -€3,533
down €3,533 (-14.2%), from €24,930 to €21,397
- Financial charges +€2,312
up €2,312 (+72.1%), from €3,206 to €5,518
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 | €1,490,105 | €1,638,786 | +€148,681 | +10.0% |
| Fixed assets | 21/28 | €282,691 | €362,138 | +€79,447 | +28.1% |
| Tangible fixed assets | 22/27 | €282,630 | €362,077 | +€79,447 | +28.1% |
| Land and buildings | 22 | €280,411 | €361,539 | +€81,128 | +28.9% |
| Furniture and vehicles | 24 | €2,219 | €538 | -€1,681 | -75.8% |
| Financial fixed assets | 28 | €61 | €61 | = | 0.0% |
| Current assets | 29/58 | €1,207,414 | €1,276,648 | +€69,234 | +5.7% |
| Amounts receivable after more than one year | 29 | €212,537 | €212,537 | = | 0.0% |
| Trade receivables | 290 | €212,537 | €212,537 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €63,749 | €119,681 | +€55,932 | +87.7% |
| Trade receivables | 40 | €62,717 | €96,500 | +€33,783 | +53.9% |
| Other amounts receivable | 41 | €1,032 | €23,181 | +€22,149 | +2,146% |
| Current investments | 50/53 | €856,895 | €774,816 | -€82,079 | -9.6% |
| Cash at bank and in hand | 54/58 | €71,647 | €169,284 | +€97,637 | +136% |
| Deferred charges and accrued income | 490/1 | €2,586 | €330 | -€2,256 | -87.2% |
| Total equity and liabilities | 10/49 | €1,490,105 | €1,638,786 | +€148,681 | +10.0% |
| Equity | 10/15 | €1,225,000 | €1,407,012 | +€182,012 | +14.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €87,504 | +€87,504 | |
| Reserves | 13 | €863,000 | €957,508 | +€94,508 | +11.0% |
| Distributable reserves | 133 | €863,000 | €957,508 | +€94,508 | +11.0% |
| Profit (loss) carried forward | 14 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable | 17/49 | €265,105 | €231,774 | -€33,331 | -12.6% |
| Amounts payable after more than one year | 17 | €152,069 | €142,467 | -€9,602 | -6.3% |
| Financial debts | 170/4 | €152,069 | €142,467 | -€9,602 | -6.3% |
| Amounts payable within one year | 42/48 | €113,036 | €89,307 | -€23,729 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €11,549 | €10,634 | -€915 | -7.9% |
| Trade debts | 44 | €16,387 | €7,388 | -€8,999 | -54.9% |
| Suppliers | 440/4 | €16,387 | €7,388 | -€8,999 | -54.9% |
| Taxes, remuneration and social security | 45 | €6,171 | €19,320 | +€13,149 | +213% |
| Taxes | 450/3 | €6,171 | €19,320 | +€13,149 | +213% |
| Other amounts payable | 47/48 | €78,929 | €51,965 | -€26,964 | -34.2% |
| Remuneration, social security and pensions | 62 | €12,603 | €12,651 | +€48 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,335 | €9,762 | -€7,573 | -43.7% |
| Other operating charges | 640/8 | €1,962 | €2,051 | +€89 | +4.5% |
| Gross operating margin | 9900 | €198,375 | €139,596 | -€58,779 | -29.6% |
| Operating profit (loss) | 9901 | €166,475 | €115,132 | -€51,343 | -30.8% |
| Financial income | 75/76B | €24,930 | €21,397 | -€3,533 | -14.2% |
| Recurring financial income | 75 | €24,930 | €21,397 | -€3,533 | -14.2% |
| Financial charges | 65/66B | €3,206 | €5,518 | +€2,312 | +72.1% |
| Recurring financial charges | 65 | €3,206 | €5,518 | +€2,312 | +72.1% |
| Profit (loss) for the period before taxes | 9903 | €188,199 | €131,011 | -€57,188 | -30.4% |
| Income taxes | 67/77 | €55,744 | €36,503 | -€19,241 | -34.5% |
| Profit (loss) for the period | 9904 | €132,455 | €94,508 | -€37,947 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €132,455 | €94,508 | -€37,947 | -28.6% |
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.