MIDAGEM: 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
MIDAGEM
NACE 46.861, Wholesale of diamonds and other precious stones
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€753,715
2024 · €219,426-€973,142
Equity
€316,866
2024 · €1.1m-€753,715
Cash
€4,150
2024 · €4,359-€210
Balance sheet total
€7.3m
2024 · €8.2m-€855,631
Largest movements
Assets
- Stocks and contracts -€888,670
down €888,670 (-11.7%), from €7.6m to €6.7m
Equity and liabilities
- Profit (loss) carried forward -€753,715
down €753,715 (-110.7%), from -€681,029 to -€1.4m
- Trade debts -€216,732
down €216,732 (-63.7%), from €340,229 to €123,497
- Other debts +€129,908
up €129,908 (+3.9%), from €3.3m to €3.5m
Income statement
- Gross operating margin -€982,872
down €982,872, from €299,853 to -€683,019
- Staff costs -€9,073
down €9,073 (-15.5%), from €58,395 to €49,322
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
€219,426
Gross operating margin
-€982,872
Staff costs
+€9,073
Depreciation
-€4,470
Other operating charges
+€759
Financial income
+€643
Financial charges
+€3,810
Taxes
-€84
Result 2025
-€753,715
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
+€87,992
Investment
-€54,753
Financing
-€33,448
Cash 2024
€4,359
From operations (derived)
+€87,992
Net result for the year
-€753,715
Depreciation
+€12,419
Stocks and contracts
+€888,670
Receivables within one year
+€10,682
Deferred charges and accrued income
-€1,597
Trade debts
-€216,732
Tax, wage and social debts
+€18,357
Other debts
+€129,908
Investment (derived)
-€54,753
Investment in fixed assets (net)
-€54,753
Financing
-€33,448
Debts after one year
-€33,448
Cash 2025
€4,150
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,177,833 | €7,322,202 | -€855,631 | -10.5% |
| Fixed assets | 21/28 | €292,557 | €334,891 | +€42,334 | +14.5% |
| Tangible fixed assets | 22/27 | €292,099 | €334,432 | +€42,334 | +14.5% |
| Land and buildings | 22 | €290,691 | €283,115 | -€7,576 | -2.6% |
| Plant, machinery and equipment | 23 | €1,408 | €1,034 | -€373 | -26.5% |
| Furniture and vehicles | 24 | - | €50,283 | +€50,283 | |
| Financial fixed assets | 28 | €459 | €459 | = | 0.0% |
| Current assets | 29/58 | €7,885,276 | €6,987,311 | -€897,965 | -11.4% |
| Stocks and contracts in progress | 3 | €7,597,495 | €6,708,826 | -€888,670 | -11.7% |
| Stocks | 30/36 | €7,597,495 | €6,708,826 | -€888,670 | -11.7% |
| Amounts receivable within one year | 40/41 | €281,906 | €271,224 | -€10,682 | -3.8% |
| Trade receivables | 40 | €278,956 | €269,596 | -€9,361 | -3.4% |
| Other amounts receivable | 41 | €2,949 | €1,628 | -€1,321 | -44.8% |
| Cash at bank and in hand | 54/58 | €4,359 | €4,150 | -€210 | -4.8% |
| Deferred charges and accrued income | 490/1 | €1,516 | €3,112 | +€1,597 | +105.3% |
| Total equity and liabilities | 10/49 | €8,177,833 | €7,322,202 | -€855,631 | -10.5% |
| Equity | 10/15 | €1,070,581 | €316,866 | -€753,715 | -70.4% |
| Contributions | 10/11 | €633,600 | €633,600 | = | 0.0% |
| Reserves | 13 | €1,118,010 | €1,118,010 | = | 0.0% |
| Distributable reserves | 133 | €1,118,010 | €1,118,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€681,029 | -€1,434,745 | -€753,715 | -110.7% |
| Amounts payable | 17/49 | €7,107,252 | €7,005,336 | -€101,915 | -1.4% |
| Amounts payable after more than one year | 17 | €3,261,575 | €3,228,127 | -€33,448 | -1.0% |
| Financial debts | 170/4 | €3,261,575 | €3,228,127 | -€33,448 | -1.0% |
| Amounts payable within one year | 42/48 | €3,845,676 | €3,777,209 | -€68,468 | -1.8% |
| Trade debts | 44 | €340,229 | €123,497 | -€216,732 | -63.7% |
| Suppliers | 440/4 | €340,229 | €123,497 | -€216,732 | -63.7% |
| Taxes, remuneration and social security | 45 | €168,211 | €186,568 | +€18,357 | +10.9% |
| Taxes | 450/3 | €8,511 | €7,096 | -€1,414 | -16.6% |
| Remuneration and social security | 454/9 | €159,701 | €179,472 | +€19,771 | +12.4% |
| Other amounts payable | 47/48 | €3,337,236 | €3,467,144 | +€129,908 | +3.9% |
| Remuneration, social security and pensions | 62 | €58,395 | €49,322 | -€9,073 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,949 | €12,419 | +€4,470 | +56.2% |
| Other operating charges | 640/8 | €4,564 | €3,805 | -€759 | -16.6% |
| Gross operating margin | 9900 | €299,853 | -€683,019 | -€982,872 | |
| Operating profit (loss) | 9901 | €228,945 | -€748,566 | -€977,510 | |
| Financial income | 75/76B | €200 | €843 | +€643 | +321.4% |
| Recurring financial income | 75 | €200 | €843 | +€643 | +321.4% |
| Financial charges | 65/66B | €7,749 | €3,939 | -€3,810 | -49.2% |
| Recurring financial charges | 65 | €7,749 | €3,939 | -€3,810 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | €221,395 | -€751,662 | -€973,058 | |
| Income taxes | 67/77 | €1,969 | €2,053 | +€84 | +4.3% |
| Profit (loss) for the period | 9904 | €219,426 | -€753,715 | -€973,142 | |
| Profit (loss) for the period to be appropriated | 9905 | €219,426 | -€753,715 | -€973,142 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.