VAN MIDDELEM FILIP: 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.
VAN MIDDELEM FILIP
Largest movements
- Tangible fixed assets -€84,728
down €84,728 (-24.7%), from €342,918 to €258,190
of which Furniture and vehicles: -€76,793
- Receivables within one year +€30,692
up €30,692 (+20.0%), from €153,561 to €184,252
of which Trade receivables: +€25,796
- Cash +€30,036
up €30,036 (+36.7%), from €81,852 to €111,888
mainly Depreciation (+€88,204) and Net result for the year (+€42,339)
- Stocks and contracts -€7,431
down €7,431 (-23.5%), from €31,560 to €24,129
- Debts after one year -€43,034
down €43,034 (-37.4%), from €115,086 to €72,052
of which Financial debts: -€43,034
- Other debts +€19,266
up €19,266 (+148%), from €13,006 to €32,272
- Tax, wage and social debts -€15,341
down €15,341 (-79.5%), from €19,299 to €3,958
- Current portion of long-term debt -€13,320
down €13,320 (-23.6%), from €56,354 to €43,034
- Trade debts +€11,720
up €11,720 (+35.8%), from €32,715 to €44,436
- Gross operating margin -€39,983
down €39,983 (-19.3%), from €207,389 to €167,407
- Taxes -€9,801
down €9,801 (-32.0%), from €30,675 to €20,874
- Depreciation +€9,120
up €9,120 (+11.5%), from €79,084 to €88,204
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 | €616,161 | €585,586 | -€30,576 | -5.0% |
| Fixed assets | 21/28 | €343,293 | €258,565 | -€84,728 | -24.7% |
| Tangible fixed assets | 22/27 | €342,918 | €258,190 | -€84,728 | -24.7% |
| Land and buildings | 22 | €98,124 | €90,100 | -€8,024 | -8.2% |
| Plant, machinery and equipment | 23 | €1,385 | €2,981 | +€1,596 | +115% |
| Furniture and vehicles | 24 | €234,017 | €157,224 | -€76,793 | -32.8% |
| Other tangible fixed assets | 26 | €9,392 | €7,884 | -€1,508 | -16.1% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €272,869 | €327,021 | +€54,152 | +19.8% |
| Stocks and contracts in progress | 3 | €31,560 | €24,129 | -€7,431 | -23.5% |
| Stocks | 30/36 | €31,560 | €24,129 | -€7,431 | -23.5% |
| Amounts receivable within one year | 40/41 | €153,561 | €184,252 | +€30,692 | +20.0% |
| Trade receivables | 40 | €153,518 | €179,313 | +€25,796 | +16.8% |
| Other amounts receivable | 41 | €43 | €4,939 | +€4,896 | +11,388% |
| Cash at bank and in hand | 54/58 | €81,852 | €111,888 | +€30,036 | +36.7% |
| Deferred charges and accrued income | 490/1 | €5,896 | €6,752 | +€855 | +14.5% |
| Total equity and liabilities | 10/49 | €616,161 | €585,586 | -€30,576 | -5.0% |
| Equity | 10/15 | €371,900 | €381,966 | +€10,066 | +2.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €356,900 | €366,966 | +€10,066 | +2.8% |
| Tax-exempt reserves | 132 | €31,200 | €20,800 | -€10,400 | -33.3% |
| Distributable reserves | 133 | €325,700 | €346,166 | +€20,466 | +6.3% |
| Provisions and deferred taxes | 16 | €7,800 | €5,200 | -€2,600 | -33.3% |
| Deferred taxes | 168 | €7,800 | €5,200 | -€2,600 | -33.3% |
| Amounts payable | 17/49 | €236,461 | €198,419 | -€38,042 | -16.1% |
| Amounts payable after more than one year | 17 | €115,086 | €72,052 | -€43,034 | -37.4% |
| Financial debts | 170/4 | €114,236 | €71,202 | -€43,034 | -37.7% |
| Other amounts payable | 178/9 | €850 | €850 | = | 0.0% |
| Amounts payable within one year | 42/48 | €121,375 | €123,701 | +€2,326 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €56,354 | €43,034 | -€13,320 | -23.6% |
| Trade debts | 44 | €32,715 | €44,436 | +€11,720 | +35.8% |
| Suppliers | 440/4 | €32,715 | €44,436 | +€11,720 | +35.8% |
| Taxes, remuneration and social security | 45 | €19,299 | €3,958 | -€15,341 | -79.5% |
| Taxes | 450/3 | €19,299 | €3,958 | -€15,341 | -79.5% |
| Other amounts payable | 47/48 | €13,006 | €32,272 | +€19,266 | +148% |
| Accrued charges and deferred income | 492/3 | - | €2,666 | +€2,666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,084 | €88,204 | +€9,120 | +11.5% |
| Other operating charges | 640/8 | €13,846 | €15,689 | +€1,843 | +13.3% |
| Gross operating margin | 9900 | €207,389 | €167,407 | -€39,983 | -19.3% |
| Operating profit (loss) | 9901 | €114,459 | €63,514 | -€50,946 | -44.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €3,483 | €2,901 | -€582 | -16.7% |
| Recurring financial charges | 65 | €3,483 | €2,901 | -€582 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €110,977 | €60,613 | -€50,365 | -45.4% |
| Transfer from deferred taxes | 780 | €2,600 | €2,600 | = | 0.0% |
| Income taxes | 67/77 | €30,675 | €20,874 | -€9,801 | -32.0% |
| Profit (loss) for the period | 9904 | €82,902 | €42,339 | -€40,564 | -48.9% |
| Transfer from tax-exempt reserves | 789 | €10,400 | €10,400 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,302 | €52,739 | -€40,564 | -43.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.