MIDACO: 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.
MIDACO
Largest movements
- Receivables within one year +€33,781
up €33,781 (+3862.5%), from €875 to €34,656
of which Trade receivables: +€32,539
- Cash +€29,775
up €29,775 (+112.5%), from €26,459 to €56,234
mainly Net result for the year (+€88,997) and Tax, wage and social debts (+€15,688)
- Current investments +€25,000
up €25,000 (+14.3%), from €175,000 to €200,000
- Reserves +€88,000
up €88,000 (+59.1%), from €148,950 to €236,950
- Provisions -€18,941
no longer reported in 2025 (was €18,941)
- Tax, wage and social debts +€15,688
up €15,688 (+85.9%), from €18,268 to €33,955
- Other debts +€3,361
up €3,361 (+88.5%), from €3,799 to €7,160
- Purchases and services +€58,442
up €58,442 (+77.5%), from €75,389 to €133,831
- Turnover +€28,842
up €28,842 (+12.4%), from €232,499 to €261,341
- Gross operating margin -€28,676
down €28,676 (-18.3%), from €157,110 to €128,434
- Provisions -€18,941
no longer reported in 2025 (was €18,941)
- Taxes +€4,710
up €4,710 (+13.1%), from €36,090 to €40,800
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 | €203,158 | €291,783 | +€88,624 | +43.6% |
| Current assets | 29/58 | €203,158 | €291,783 | +€88,624 | +43.6% |
| Amounts receivable within one year | 40/41 | €875 | €34,656 | +€33,781 | +3862.5% |
| Trade receivables | 40 | - | €32,539 | +€32,539 | |
| Other amounts receivable | 41 | €875 | €2,116 | +€1,242 | +142.0% |
| Current investments | 50/53 | €175,000 | €200,000 | +€25,000 | +14.3% |
| Cash at bank and in hand | 54/58 | €26,459 | €56,234 | +€29,775 | +112.5% |
| Deferred charges and accrued income | 490/1 | €825 | €893 | +€68 | +8.2% |
| Total equity and liabilities | 10/49 | €203,158 | €291,783 | +€88,624 | +43.6% |
| Equity | 10/15 | €159,061 | €247,225 | +€88,164 | +55.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €148,950 | €236,950 | +€88,000 | +59.1% |
| Distributable reserves | 133 | €148,950 | €236,950 | +€88,000 | +59.1% |
| Profit (loss) carried forward | 14 | €111 | €275 | +€164 | +148.5% |
| Provisions and deferred taxes | 16 | €18,941 | - | -€18,941 | |
| Provisions for liabilities and charges | 160/5 | €18,941 | - | -€18,941 | |
| Major repairs and maintenance | 162 | €18,941 | - | -€18,941 | |
| Amounts payable | 17/49 | €25,157 | €44,557 | +€19,401 | +77.1% |
| Amounts payable within one year | 42/48 | €25,157 | €44,557 | +€19,401 | +77.1% |
| Trade debts | 44 | €3,091 | €3,442 | +€351 | +11.4% |
| Suppliers | 440/4 | €3,091 | €3,442 | +€351 | +11.4% |
| Taxes, remuneration and social security | 45 | €18,268 | €33,955 | +€15,688 | +85.9% |
| Taxes | 450/3 | €18,268 | €33,955 | +€15,688 | +85.9% |
| Other amounts payable | 47/48 | €3,799 | €7,160 | +€3,361 | +88.5% |
| Turnover | 70 | €232,499 | €261,341 | +€28,842 | +12.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €75,389 | €133,831 | +€58,442 | +77.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €18,941 | - | -€18,941 | |
| Other operating charges | 640/8 | €475 | €1,026 | +€552 | +116.3% |
| Gross operating margin | 9900 | €157,110 | €128,434 | -€28,676 | -18.3% |
| Operating profit (loss) | 9901 | €137,695 | €127,407 | -€10,287 | -7.5% |
| Financial income | 75/76B | €2,915 | €4,139 | +€1,224 | +42.0% |
| Recurring financial income | 75 | €2,915 | €4,139 | +€1,224 | +42.0% |
| Financial charges | 65/66B | €2,099 | €1,749 | -€349 | -16.7% |
| Recurring financial charges | 65 | €2,099 | €1,749 | -€349 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €138,511 | €129,797 | -€8,714 | -6.3% |
| Income taxes | 67/77 | €36,090 | €40,800 | +€4,710 | +13.1% |
| Profit (loss) for the period | 9904 | €102,421 | €88,997 | -€13,424 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €102,421 | €88,997 | -€13,424 | -13.1% |
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 11 October 2026 via checked.be.