MIDAKOR: 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.
MIDAKOR
Largest movements
- Cash +€334,320
up €334,320 (+666.3%), from €50,179 to €384,498
mainly Current investments (+€235,000) and Other debts (+€219,648)
- Current investments -€235,000
down €235,000 (-100.0%), from €235,000 to €0
- Tangible fixed assets -€12,016
down €12,016 (-33.1%), from €36,292 to €24,276
- Receivables within one year +€7,664
up €7,664 (+177399.8%), from €4 to €7,668
- Other debts +€219,648
up €219,648 (+10209.7%), from €2,151 to €221,800
- Reserves -€152,125
down €152,125 (-58.6%), from €259,568 to €107,443
- Tax, wage and social debts +€40,327
up €40,327 (+164.5%), from €24,517 to €64,844
- Debts after one year -€12,394
down €12,394 (-66.4%), from €18,677 to €6,283
- Gross operating margin +€69,737
up €69,737 (+88.8%), from €78,568 to €148,304
- Taxes +€15,379
up €15,379 (+105.5%), from €14,577 to €29,956
- Financial income -€1,920
down €1,920 (-26.5%), from €7,253 to €5,332
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 | €322,383 | €417,416 | +€95,033 | +29.5% |
| Fixed assets | 21/28 | €36,292 | €24,276 | -€12,016 | -33.1% |
| Tangible fixed assets | 22/27 | €36,292 | €24,276 | -€12,016 | -33.1% |
| Furniture and vehicles | 24 | €36,292 | €24,276 | -€12,016 | -33.1% |
| Current assets | 29/58 | €286,091 | €393,140 | +€107,050 | +37.4% |
| Amounts receivable within one year | 40/41 | €4 | €7,668 | +€7,664 | +177399.8% |
| Other amounts receivable | 41 | €4 | €7,668 | +€7,664 | +177399.8% |
| Current investments | 50/53 | €235,000 | €0 | -€235,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €50,179 | €384,498 | +€334,320 | +666.3% |
| Deferred charges and accrued income | 490/1 | €908 | €974 | +€66 | +7.3% |
| Total equity and liabilities | 10/49 | €322,383 | €417,416 | +€95,033 | +29.5% |
| Equity | 10/15 | €262,068 | €109,943 | -€152,125 | -58.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Outside capital | 11 | €2,500 | - | -€2,500 | |
| Other | 1109/19 | €2,500 | - | -€2,500 | |
| Reserves | 13 | €259,568 | €107,443 | -€152,125 | -58.6% |
| Distributable reserves | 133 | €259,568 | €107,443 | -€152,125 | -58.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €60,315 | €307,473 | +€247,158 | +409.8% |
| Amounts payable after more than one year | 17 | €18,677 | €6,283 | -€12,394 | -66.4% |
| Financial debts | 170/4 | €18,677 | €6,283 | -€12,394 | -66.4% |
| Amounts payable within one year | 42/48 | €41,637 | €301,189 | +€259,552 | +623.4% |
| Current portion of amounts payable after more than one year | 42 | €11,162 | €11,370 | +€208 | +1.9% |
| Trade debts | 44 | €3,807 | €3,176 | -€631 | -16.6% |
| Suppliers | 440/4 | €3,807 | €3,176 | -€631 | -16.6% |
| Taxes, remuneration and social security | 45 | €24,517 | €64,844 | +€40,327 | +164.5% |
| Taxes | 450/3 | €24,517 | €64,844 | +€40,327 | +164.5% |
| Other amounts payable | 47/48 | €2,151 | €221,800 | +€219,648 | +10209.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,744 | €15,315 | +€571 | +3.9% |
| Other operating charges | 640/8 | €663 | €678 | +€14 | +2.2% |
| Gross operating margin | 9900 | €78,568 | €148,304 | +€69,737 | +88.8% |
| Operating profit (loss) | 9901 | €63,160 | €132,312 | +€69,151 | +109.5% |
| Financial income | 75/76B | €7,253 | €5,332 | -€1,920 | -26.5% |
| Recurring financial income | 75 | €7,253 | €5,332 | -€1,920 | -26.5% |
| Financial charges | 65/66B | €1,066 | €813 | -€252 | -23.7% |
| Recurring financial charges | 65 | €1,066 | €813 | -€252 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €69,347 | €136,831 | +€67,483 | +97.3% |
| Income taxes | 67/77 | €14,577 | €29,956 | +€15,379 | +105.5% |
| Profit (loss) for the period | 9904 | €54,770 | €106,875 | +€52,105 | +95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €54,770 | €106,875 | +€52,105 | +95.1% |
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 6 October 2026 via checked.be.