MIDCORP: what changed
MIDCORP
Largest movements
- Receivables within one year +€49,607
up €49,607 (+69.1%), from €71,816 to €121,423
of which Trade receivables: +€31,443
- Tangible fixed assets +€43,186
up €43,186 (+237%), from €18,254 to €61,441
of which Furniture and vehicles: +€46,616
- Cash -€22,809
down €22,809 (-58.5%), from €38,982 to €16,173
mainly Investment in fixed assets (net) (-€56,959) and Receivables within one year (-€49,607)
- Receivables after one year -€4,800
down €4,800 (-21.7%), from €22,128 to €17,328
- Other debts +€52,163
new in 2022: €52,163
- Profit (loss) carried forward +€21,691
up €21,691 (+19.4%), from €111,705 to €133,397
- Tax, wage and social debts -€12,173
down €12,173 (-31.6%), from €38,509 to €26,336
- Trade debts +€4,916
up €4,916 (+509%), from €965 to €5,882
- Gross operating margin -€23,857
down €23,857 (-34.2%), from €69,736 to €45,878
- Depreciation +€9,927
up €9,927 (+258%), from €3,845 to €13,773
- Taxes -€6,941
down €6,941 (-50.7%), from €13,678 to €6,738
- Other operating charges +€4,503
new in 2022: €4,503
Change in the result, 2021 to 2022
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2021 and 2022 balance sheets and the 2022 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,180 | €217,778 | +€66,598 | +44.1% |
| Fixed assets | 21/28 | €18,254 | €61,441 | +€43,186 | +237% |
| Tangible fixed assets | 22/27 | €18,254 | €61,441 | +€43,186 | +237% |
| Furniture and vehicles | 24 | €7,419 | €54,036 | +€46,616 | +628% |
| Other tangible fixed assets | 26 | €10,835 | €7,405 | -€3,430 | -31.7% |
| Current assets | 29/58 | €132,926 | €156,337 | +€23,411 | +17.6% |
| Amounts receivable after more than one year | 29 | €22,128 | €17,328 | -€4,800 | -21.7% |
| Other amounts receivable | 291 | €22,128 | €17,328 | -€4,800 | -21.7% |
| Amounts receivable within one year | 40/41 | €71,816 | €121,423 | +€49,607 | +69.1% |
| Trade receivables | 40 | €34,852 | €66,295 | +€31,443 | +90.2% |
| Other amounts receivable | 41 | €36,964 | €55,128 | +€18,164 | +49.1% |
| Cash at bank and in hand | 54/58 | €38,982 | €16,173 | -€22,809 | -58.5% |
| Deferred charges and accrued income | 490/1 | - | €1,413 | +€1,413 | |
| Total equity and liabilities | 10/49 | €151,180 | €217,778 | +€66,598 | +44.1% |
| Equity | 10/15 | €111,705 | €133,397 | +€21,691 | +19.4% |
| Profit (loss) carried forward | 14 | €111,705 | €133,397 | +€21,691 | +19.4% |
| Amounts payable | 17/49 | €39,475 | €84,381 | +€44,906 | +114% |
| Amounts payable within one year | 42/48 | €39,475 | €84,381 | +€44,906 | +114% |
| Trade debts | 44 | €965 | €5,882 | +€4,916 | +509% |
| Suppliers | 440/4 | €965 | €5,882 | +€4,916 | +509% |
| Taxes, remuneration and social security | 45 | €38,509 | €26,336 | -€12,173 | -31.6% |
| Taxes | 450/3 | €38,509 | €26,336 | -€12,173 | -31.6% |
| Other amounts payable | 47/48 | - | €52,163 | +€52,163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,845 | €13,773 | +€9,927 | +258% |
| Other operating charges | 640/8 | - | €4,503 | +€4,503 | |
| Gross operating margin | 9900 | €69,736 | €45,878 | -€23,857 | -34.2% |
| Operating profit (loss) | 9901 | €65,890 | €27,603 | -€38,287 | -58.1% |
| Financial income | 75/76B | €892 | €1,090 | +€197 | +22.1% |
| Recurring financial income | 75 | €892 | €1,090 | +€197 | +22.1% |
| Financial charges | 65/66B | €181 | €263 | +€83 | +45.8% |
| Recurring financial charges | 65 | €181 | €263 | +€83 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | €66,602 | €28,429 | -€38,173 | -57.3% |
| Income taxes | 67/77 | €13,678 | €6,738 | -€6,941 | -50.7% |
| Profit (loss) for the period | 9904 | €52,924 | €21,691 | -€31,232 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,924 | €21,691 | -€31,232 | -59.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.