MID: 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.
MID
Largest movements
- Receivables within one year +€159,607
up €159,607 (+590.5%), from €27,028 to €186,635
of which Trade receivables: +€149,537
- Cash +€47,426
up €47,426 (+68.9%), from €68,826 to €116,253
mainly Advances received (+€130,418) and Net result for the year (+€48,821)
- Tangible fixed assets +€11,175
up €11,175 (+78.9%), from €14,157 to €25,331
- Advances received +€130,418
up €130,418 (+3400.7%), from €3,835 to €134,253
- Profit (loss) carried forward +€48,821
up €48,821, from -€26,188 to €22,634
- Trade debts +€32,954
up €32,954 (+99.4%), from €33,137 to €66,090
- Tax, wage and social debts +€8,454
new in 2025: €8,454
- Gross operating margin +€83,223
up €83,223, from -€20,970 to €62,254
- Taxes +€8,454
new in 2025: €8,454
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 | €110,784 | €331,431 | +€220,646 | +199.2% |
| Fixed assets | 21/28 | €14,157 | €25,331 | +€11,175 | +78.9% |
| Tangible fixed assets | 22/27 | €14,157 | €25,331 | +€11,175 | +78.9% |
| Plant, machinery and equipment | 23 | €14,157 | €25,331 | +€11,175 | +78.9% |
| Current assets | 29/58 | €96,628 | €306,099 | +€209,472 | +216.8% |
| Stocks and contracts in progress | 3 | €774 | €3,212 | +€2,439 | +315.2% |
| Contracts in progress | 37 | €774 | €3,212 | +€2,439 | +315.2% |
| Amounts receivable within one year | 40/41 | €27,028 | €186,635 | +€159,607 | +590.5% |
| Trade receivables | 40 | €22,397 | €171,934 | +€149,537 | +667.7% |
| Other amounts receivable | 41 | €4,631 | €14,701 | +€10,070 | +217.4% |
| Cash at bank and in hand | 54/58 | €68,826 | €116,253 | +€47,426 | +68.9% |
| Total equity and liabilities | 10/49 | €110,784 | €331,431 | +€220,646 | +199.2% |
| Equity | 10/15 | €73,813 | €122,634 | +€48,821 | +66.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,188 | €22,634 | +€48,821 | |
| Amounts payable | 17/49 | €36,972 | €208,797 | +€171,825 | +464.7% |
| Amounts payable within one year | 42/48 | €36,972 | €208,797 | +€171,825 | +464.7% |
| Trade debts | 44 | €33,137 | €66,090 | +€32,954 | +99.4% |
| Suppliers | 440/4 | €33,137 | €66,090 | +€32,954 | +99.4% |
| Advances received on contracts in progress | 46 | €3,835 | €134,253 | +€130,418 | +3400.7% |
| Taxes, remuneration and social security | 45 | - | €8,454 | +€8,454 | |
| Taxes | 450/3 | - | €8,454 | +€8,454 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,153 | €4,779 | -€374 | -7.3% |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | -€20,970 | €62,254 | +€83,223 | |
| Operating profit (loss) | 9901 | -€26,123 | €57,330 | +€83,453 | |
| Financial charges | 65/66B | €64 | €55 | -€9 | -14.1% |
| Recurring financial charges | 65 | €64 | €55 | -€9 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | -€26,188 | €57,275 | +€83,462 | |
| Income taxes | 67/77 | - | €8,454 | +€8,454 | |
| Profit (loss) for the period | 9904 | -€26,188 | €48,821 | +€75,009 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,188 | €48,821 | +€75,009 |
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 10 October 2026 via checked.be.