MIDA: what changed
Two fiscal 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.
What changed
MIDA
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€10,260
2024 · -€33,452+€23,193
Equity
€1.6m
2024 · €1.6m-€10,260
Cash
€71,580
2024 · €59,476+€12,104
Balance sheet total
€2.6m
2024 · €2.6m-€29,271
Largest movements
Assets
- Receivables after one year -€39,999
down €39,999 (-17.1%), from €233,334 to €193,334
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€13,545
up €13,545 (+185.1%), from €7,316 to €20,861
- Depreciation -€9,791
down €9,791 (-34.6%), from €28,309 to €18,519
- Other operating charges +€826
up €826 (+9.9%), from €8,318 to €9,144
- Taxes -€745
down €745 (-38.6%), from €1,928 to €1,183
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.
Result 2024
-€33,452
Gross operating margin
+€13,545
Depreciation
+€9,791
Other operating charges
-€826
Other operating items
-€242
Financial charges
+€180
Taxes
+€745
Result 2025
-€10,260
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.
From operations
+€20,946
Investment
€0
Financing
-€8,841
Cash 2024
€59,476
From operations (derived)
+€20,946
Net result for the year
-€10,260
Depreciation
+€18,519
Receivables after one year
+€39,999
Receivables within one year
-€17,066
Smaller working-capital items
-€124
Trade debts
+€674
Other debts
-€10,797
Financing
-€8,841
Debts after one year
-€7,077
Current portion of long-term debt
-€1,764
Cash 2025
€71,580
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,637,297 | €2,608,026 | -€29,271 | -1.1% |
| Fixed assets | 21/28 | €419,994 | €401,476 | -€18,519 | -4.4% |
| Tangible fixed assets | 22/27 | €419,994 | €401,476 | -€18,519 | -4.4% |
| Land and buildings | 22 | €344,014 | €344,014 | = | 0.0% |
| Furniture and vehicles | 24 | €75,980 | €57,462 | -€18,519 | -24.4% |
| Current assets | 29/58 | €2,217,303 | €2,206,550 | -€10,753 | -0.5% |
| Amounts receivable after more than one year | 29 | €233,334 | €193,334 | -€39,999 | -17.1% |
| Other amounts receivable | 291 | €233,334 | €193,334 | -€39,999 | -17.1% |
| Amounts receivable within one year | 40/41 | €1,915,787 | €1,932,853 | +€17,066 | +0.9% |
| Trade receivables | 40 | - | €66 | +€66 | |
| Other amounts receivable | 41 | €1,915,787 | €1,932,787 | +€17,000 | +0.9% |
| Cash at bank and in hand | 54/58 | €59,476 | €71,580 | +€12,104 | +20.4% |
| Deferred charges and accrued income | 490/1 | €8,706 | €8,783 | +€77 | +0.9% |
| Total equity and liabilities | 10/49 | €2,637,297 | €2,608,026 | -€29,271 | -1.1% |
| Equity | 10/15 | €1,568,976 | €1,558,716 | -€10,260 | -0.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,507,476 | €1,497,216 | -€10,260 | -0.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €1,501,326 | €1,491,066 | -€10,260 | -0.7% |
| Amounts payable | 17/49 | €1,068,321 | €1,049,310 | -€19,011 | -1.8% |
| Amounts payable after more than one year | 17 | €845,058 | €837,981 | -€7,077 | -0.8% |
| Financial debts | 170/4 | €845,058 | €837,981 | -€7,077 | -0.8% |
| Amounts payable within one year | 42/48 | €223,263 | €211,329 | -€11,934 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €10,780 | €9,016 | -€1,764 | -16.4% |
| Trade debts | 44 | €142 | €817 | +€674 | +473.6% |
| Suppliers | 440/4 | €142 | €817 | +€674 | +473.6% |
| Taxes, remuneration and social security | 45 | €1,231 | €1,183 | -€48 | -3.9% |
| Taxes | 450/3 | €1,231 | €1,183 | -€48 | -3.9% |
| Other amounts payable | 47/48 | €211,110 | €200,313 | -€10,797 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,309 | €18,519 | -€9,791 | -34.6% |
| Other operating charges | 640/8 | €8,318 | €9,144 | +€826 | +9.9% |
| Non-recurring operating charges | 66A | - | €242 | +€242 | |
| Gross operating margin | 9900 | €7,316 | €20,861 | +€13,545 | +185.1% |
| Operating profit (loss) | 9901 | -€29,311 | -€7,044 | +€22,268 | +76.0% |
| Financial charges | 65/66B | €2,213 | €2,033 | -€180 | -8.1% |
| Recurring financial charges | 65 | €2,213 | €2,033 | -€180 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€31,525 | -€9,077 | +€22,448 | +71.2% |
| Income taxes | 67/77 | €1,928 | €1,183 | -€745 | -38.6% |
| Profit (loss) for the period | 9904 | -€33,452 | -€10,260 | +€23,193 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,452 | -€10,260 | +€23,193 | +69.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.