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.
MIDA
Largest movements
- Tangible fixed assets +€105,266
up €105,266 (+34.8%), from €302,400 to €407,666
of which Plant, machinery and equipment: +€95,331
- Cash +€26,283
up €26,283 (+9.3%), from €283,329 to €309,612
mainly Depreciation (+€86,229) and Net result for the year (+€76,835)
- Receivables within one year -€22,256
down €22,256 (-51.4%), from €43,339 to €21,083
- Intangible fixed assets -€21,000
down €21,000 (-10.3%), from €204,822 to €183,822
- Other debts +€75,000
up €75,000 (+26.3%), from €285,000 to €360,000
- Current portion of long-term debt +€30,000
new in 2025: €30,000
- Trade debts -€23,788
down €23,788 (-47.9%), from €49,704 to €25,916
- Gross operating margin -€141,767
down €141,767 (-16.6%), from €854,480 to €712,713
- Staff costs -€83,933
down €83,933 (-13.5%), from €623,725 to €539,792
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 | €856,257 | €945,759 | +€89,501 | +10.5% |
| Fixed assets | 21/28 | €507,222 | €591,488 | +€84,266 | +16.6% |
| Intangible fixed assets | 21 | €204,822 | €183,822 | -€21,000 | -10.3% |
| Tangible fixed assets | 22/27 | €302,400 | €407,666 | +€105,266 | +34.8% |
| Plant, machinery and equipment | 23 | €259,401 | €354,732 | +€95,331 | +36.8% |
| Furniture and vehicles | 24 | €42,999 | €52,934 | +€9,935 | +23.1% |
| Current assets | 29/58 | €349,035 | €354,270 | +€5,235 | +1.5% |
| Stocks and contracts in progress | 3 | €16,940 | €16,940 | = | 0.0% |
| Stocks | 30/36 | €16,940 | €16,940 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,339 | €21,083 | -€22,256 | -51.4% |
| Trade receivables | 40 | €43,339 | €21,083 | -€22,256 | -51.4% |
| Cash at bank and in hand | 54/58 | €283,329 | €309,612 | +€26,283 | +9.3% |
| Deferred charges and accrued income | 490/1 | €5,428 | €6,636 | +€1,208 | +22.3% |
| Total equity and liabilities | 10/49 | €856,257 | €945,759 | +€89,501 | +10.5% |
| Equity | 10/15 | €439,290 | €441,125 | +€1,835 | +0.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €23,988 | €23,988 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,500 | €10,500 | = | 0.0% |
| Distributable reserves | 133 | €11,629 | €11,629 | = | 0.0% |
| Profit (loss) carried forward | 14 | €396,709 | €398,545 | +€1,835 | +0.5% |
| Amounts payable | 17/49 | €416,968 | €504,634 | +€87,666 | +21.0% |
| Amounts payable within one year | 42/48 | €416,968 | €497,173 | +€80,205 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €49,704 | €25,916 | -€23,788 | -47.9% |
| Suppliers | 440/4 | €49,704 | €25,916 | -€23,788 | -47.9% |
| Taxes, remuneration and social security | 45 | €82,263 | €81,256 | -€1,007 | -1.2% |
| Taxes | 450/3 | €24,332 | €21,977 | -€2,355 | -9.7% |
| Remuneration and social security | 454/9 | €57,931 | €59,279 | +€1,348 | +2.3% |
| Other amounts payable | 47/48 | €285,000 | €360,000 | +€75,000 | +26.3% |
| Accrued charges and deferred income | 492/3 | - | €7,461 | +€7,461 | |
| Non-recurring operating income | 76A | - | €716 | +€716 | |
| Remuneration, social security and pensions | 62 | €623,725 | €539,792 | -€83,933 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,691 | €86,229 | +€7,538 | +9.6% |
| Other operating charges | 640/8 | €124 | €133 | +€9 | +7.3% |
| Gross operating margin | 9900 | €854,480 | €712,713 | -€141,767 | -16.6% |
| Operating profit (loss) | 9901 | €151,940 | €86,559 | -€65,380 | -43.0% |
| Financial income | 75/76B | €208 | €45 | -€163 | -78.6% |
| Recurring financial income | 75 | €208 | €45 | -€163 | -78.6% |
| Financial charges | 65/66B | €8,784 | €7,867 | -€917 | -10.4% |
| Recurring financial charges | 65 | €8,784 | €7,867 | -€917 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €143,364 | €78,737 | -€64,627 | -45.1% |
| Income taxes | 67/77 | -€3,123 | €1,901 | +€5,024 | |
| Profit (loss) for the period | 9904 | €146,486 | €76,835 | -€69,651 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €146,486 | €76,835 | -€69,651 | -47.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.