M I D A: 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.
M I D A
Largest movements
- Receivables within one year +€117,803
up €117,803 (+37.5%), from €313,834 to €431,637
of which Trade receivables: +€97,773
- Trade debts +€150,928
up €150,928 (+16,056%), from €940 to €151,868
- Advances received -€36,510
no longer reported in 2025 (was €36,510)
- Profit (loss) carried forward +€8,299
up €8,299 (+6.3%), from €130,964 to €139,263
- Gross operating margin -€23,532
down €23,532 (-36.5%), from €64,422 to €40,890
- Financial charges -€16,062
down €16,062 (-37.4%), from €42,976 to €26,914
- Financial income +€11,164
up €11,164 (+1,037%), from €1,077 to €12,241
- Taxes -€1,668
down €1,668 (-41.2%), from €4,047 to €2,379
- Other operating charges +€938
up €938 (+36.3%), from €2,584 to €3,522
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 | €385,387 | €507,875 | +€122,488 | +31.8% |
| Fixed assets | 21/28 | €5,150 | €5,150 | = | 0.0% |
| Financial fixed assets | 28 | €5,150 | €5,150 | = | 0.0% |
| Current assets | 29/58 | €380,237 | €502,725 | +€122,488 | +32.2% |
| Amounts receivable within one year | 40/41 | €313,834 | €431,637 | +€117,803 | +37.5% |
| Trade receivables | 40 | €288,188 | €385,961 | +€97,773 | +33.9% |
| Other amounts receivable | 41 | €25,646 | €45,676 | +€20,030 | +78.1% |
| Current investments | 50/53 | €3,707 | €3,707 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,696 | €8,381 | +€4,685 | +127% |
| Deferred charges and accrued income | 490/1 | €59,000 | €59,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €385,387 | €507,875 | +€122,488 | +31.8% |
| Equity | 10/15 | €139,024 | €147,323 | +€8,299 | +6.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,964 | €139,263 | +€8,299 | +6.3% |
| Amounts payable | 17/49 | €246,363 | €360,552 | +€114,189 | +46.3% |
| Amounts payable within one year | 42/48 | €246,363 | €360,552 | +€114,189 | +46.3% |
| Financial debts | 43 | €208,913 | €208,684 | -€229 | -0.1% |
| Credit institutions | 430/8 | €208,913 | €208,684 | -€229 | -0.1% |
| Trade debts | 44 | €940 | €151,868 | +€150,928 | +16,056% |
| Suppliers | 440/4 | €940 | €151,868 | +€150,928 | +16,056% |
| Advances received on contracts in progress | 46 | €36,510 | - | -€36,510 | |
| Remuneration, social security and pensions | 62 | €12,000 | €12,000 | = | 0.0% |
| Other operating charges | 640/8 | €2,584 | €3,522 | +€938 | +36.3% |
| Gross operating margin | 9900 | €64,422 | €40,890 | -€23,532 | -36.5% |
| Operating profit (loss) | 9901 | €49,838 | €25,368 | -€24,470 | -49.1% |
| Financial income | 75/76B | €1,077 | €12,241 | +€11,164 | +1,037% |
| Recurring financial income | 75 | €1,077 | €12,241 | +€11,164 | +1,037% |
| Financial charges | 65/66B | €42,976 | €26,914 | -€16,062 | -37.4% |
| Recurring financial charges | 65 | €42,976 | €26,914 | -€16,062 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €7,939 | €10,695 | +€2,756 | +34.7% |
| Income taxes | 67/77 | €4,047 | €2,379 | -€1,668 | -41.2% |
| Profit (loss) for the period | 9904 | €3,892 | €8,316 | +€4,424 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €3,892 | €8,316 | +€4,424 | +114% |
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 19 October 2026 via checked.be.