MIDSPARCO: 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.
MIDSPARCO
Largest movements
- Tangible fixed assets -€39,772
down €39,772 (-7.1%), from €561,077 to €521,306
of which Land and buildings: -€24,654
- Stocks and contracts -€20,595
down €20,595 (-27.9%), from €73,770 to €53,175
- Cash -€11,510
down €11,510 (-21.8%), from €52,837 to €41,327
mainly Debts after one year (-€70,211) and Receivables within one year (-€5,982)
- Debts after one year -€70,211
down €70,211 (-15.0%), from €468,542 to €398,331
of which Financial debts: -€58,216
- Reserves +€14,241
up €14,241 (+11.3%), from €125,747 to €139,988
- Gross operating margin -€14,728
down €14,728 (-7.5%), from €196,327 to €181,598
- Staff costs +€11,375
up €11,375 (+13.9%), from €81,926 to €93,301
- Taxes -€6,475
down €6,475 (-48.9%), from €13,246 to €6,771
- Other operating charges -€3,195
down €3,195 (-39.5%), from €8,083 to €4,888
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 | €707,114 | €646,436 | -€60,678 | -8.6% |
| Fixed assets | 21/28 | €566,893 | €527,093 | -€39,799 | -7.0% |
| Intangible fixed assets | 21 | €742 | €242 | -€500 | -67.4% |
| Tangible fixed assets | 22/27 | €561,077 | €521,306 | -€39,772 | -7.1% |
| Land and buildings | 22 | €479,053 | €454,399 | -€24,654 | -5.1% |
| Plant, machinery and equipment | 23 | €82,024 | €66,907 | -€15,117 | -18.4% |
| Financial fixed assets | 28 | €5,073 | €5,545 | +€472 | +9.3% |
| Current assets | 29/58 | €140,221 | €119,343 | -€20,878 | -14.9% |
| Stocks and contracts in progress | 3 | €73,770 | €53,175 | -€20,595 | -27.9% |
| Stocks | 30/36 | €73,770 | €53,175 | -€20,595 | -27.9% |
| Amounts receivable within one year | 40/41 | €7,387 | €13,369 | +€5,982 | +81.0% |
| Trade receivables | 40 | €578 | €248 | -€330 | -57.1% |
| Other amounts receivable | 41 | €6,809 | €13,121 | +€6,312 | +92.7% |
| Cash at bank and in hand | 54/58 | €52,837 | €41,327 | -€11,510 | -21.8% |
| Deferred charges and accrued income | 490/1 | €6,226 | €11,471 | +€5,246 | +84.3% |
| Total equity and liabilities | 10/49 | €707,114 | €646,436 | -€60,678 | -8.6% |
| Equity | 10/15 | €135,747 | €149,988 | +€14,241 | +10.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €125,747 | €139,988 | +€14,241 | +11.3% |
| Distributable reserves | 133 | €125,747 | €139,988 | +€14,241 | +11.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €571,367 | €496,448 | -€74,919 | -13.1% |
| Amounts payable after more than one year | 17 | €468,542 | €398,331 | -€70,211 | -15.0% |
| Financial debts | 170/4 | €449,755 | €391,540 | -€58,216 | -12.9% |
| Other amounts payable | 178/9 | €18,786 | €6,791 | -€11,995 | -63.9% |
| Amounts payable within one year | 42/48 | €100,558 | €96,611 | -€3,946 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €60,379 | €61,814 | +€1,435 | +2.4% |
| Financial debts | 43 | €10,074 | €10,060 | -€14 | -0.1% |
| Credit institutions | 430/8 | €10,074 | €10,060 | -€14 | -0.1% |
| Trade debts | 44 | €17,351 | €13,706 | -€3,644 | -21.0% |
| Suppliers | 440/4 | €17,351 | €13,706 | -€3,644 | -21.0% |
| Taxes, remuneration and social security | 45 | €11,921 | €10,198 | -€1,723 | -14.5% |
| Taxes | 450/3 | €2,224 | €1,230 | -€994 | -44.7% |
| Remuneration and social security | 454/9 | €9,697 | €8,968 | -€730 | -7.5% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,268 | €1,506 | -€762 | -33.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €81,926 | €93,301 | +€11,375 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,712 | €44,804 | +€91 | +0.2% |
| Other operating charges | 640/8 | €8,083 | €4,888 | -€3,195 | -39.5% |
| Gross operating margin | 9900 | €196,327 | €181,598 | -€14,728 | -7.5% |
| Operating profit (loss) | 9901 | €61,605 | €38,605 | -€23,000 | -37.3% |
| Financial income | 75/76B | €5 | €100 | +€95 | +1723.1% |
| Recurring financial income | 75 | €5 | €100 | +€95 | +1723.1% |
| Financial charges | 65/66B | €16,333 | €16,860 | +€527 | +3.2% |
| Recurring financial charges | 65 | €16,333 | €16,860 | +€527 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €45,278 | €21,845 | -€23,432 | -51.8% |
| Income taxes | 67/77 | €13,246 | €6,771 | -€6,475 | -48.9% |
| Profit (loss) for the period | 9904 | €32,031 | €15,074 | -€16,957 | -52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,031 | €15,074 | -€16,957 | -52.9% |
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 11 October 2026 via checked.be.