Midamast: 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.
Midamast
Largest movements
- Receivables within one year +€38,152
up €38,152 (+1,105%), from €3,451 to €41,603
of which Trade receivables: +€35,112
- Cash +€23,121
up €23,121 (+15.8%), from €146,754 to €169,875
mainly Other debts (+€119,655) and Net result for the year (+€53,554)
- Tangible fixed assets -€15,063
down €15,063 (-25.1%), from €59,906 to €44,843
of which Furniture and vehicles: -€12,172
- Deferred charges and accrued income +€5,016
up €5,016, from €0 to €5,016
- Other debts +€119,655
up €119,655 (+596%), from €20,060 to €139,715
- Reserves -€88,446
down €88,446 (-51.5%), from €171,654 to €83,208
- Trade debts +€23,400
up €23,400 (+2,488%), from €941 to €24,340
- Gross operating margin +€24,493
up €24,493 (+40.2%), from €60,948 to €85,441
- Taxes +€5,783
up €5,783 (+66.3%), from €8,726 to €14,509
- Other operating charges -€2,358
down €2,358 (-72.3%), from €3,262 to €904
- Depreciation -€1,306
down €1,306 (-7.4%), from €17,637 to €16,331
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.
Derived cash bridge
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 | €210,111 | €261,337 | +€51,226 | +24.4% |
| Fixed assets | 21/28 | €59,906 | €44,843 | -€15,063 | -25.1% |
| Tangible fixed assets | 22/27 | €59,906 | €44,843 | -€15,063 | -25.1% |
| Plant, machinery and equipment | 23 | €1,883 | €1,214 | -€669 | -35.5% |
| Furniture and vehicles | 24 | €44,713 | €32,541 | -€12,172 | -27.2% |
| Other tangible fixed assets | 26 | €13,310 | €11,088 | -€2,222 | -16.7% |
| Current assets | 29/58 | €150,205 | €216,495 | +€66,289 | +44.1% |
| Amounts receivable within one year | 40/41 | €3,451 | €41,603 | +€38,152 | +1,105% |
| Trade receivables | 40 | €0 | €35,112 | +€35,112 | |
| Other amounts receivable | 41 | €3,451 | €6,491 | +€3,040 | +88.1% |
| Cash at bank and in hand | 54/58 | €146,754 | €169,875 | +€23,121 | +15.8% |
| Deferred charges and accrued income | 490/1 | €0 | €5,016 | +€5,016 | |
| Total equity and liabilities | 10/49 | €210,111 | €261,337 | +€51,226 | +24.4% |
| Equity | 10/15 | €178,654 | €90,208 | -€88,446 | -49.5% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €171,654 | €83,208 | -€88,446 | -51.5% |
| Distributable reserves | 133 | €171,654 | €83,208 | -€88,446 | -51.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €31,457 | €171,129 | +€139,672 | +444% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €31,457 | €170,769 | +€139,312 | +443% |
| Current portion of amounts payable after more than one year | 42 | €1,719 | €0 | -€1,719 | -100% |
| Trade debts | 44 | €941 | €24,340 | +€23,400 | +2,488% |
| Suppliers | 440/4 | €941 | €24,340 | +€23,400 | +2,488% |
| Taxes, remuneration and social security | 45 | €8,738 | €6,713 | -€2,024 | -23.2% |
| Taxes | 450/3 | €8,738 | €4,363 | -€4,374 | -50.1% |
| Remuneration and social security | 454/9 | €0 | €2,350 | +€2,350 | |
| Other amounts payable | 47/48 | €20,060 | €139,715 | +€119,655 | +596% |
| Accrued charges and deferred income | 492/3 | €0 | €360 | +€360 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,637 | €16,331 | -€1,306 | -7.4% |
| Other operating charges | 640/8 | €3,262 | €904 | -€2,358 | -72.3% |
| Gross operating margin | 9900 | €60,948 | €85,441 | +€24,493 | +40.2% |
| Operating profit (loss) | 9901 | €40,049 | €68,206 | +€28,157 | +70.3% |
| Financial income | 75/76B | €9 | €0 | -€9 | -100% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -100% |
| Financial charges | 65/66B | €179 | €143 | -€36 | -19.9% |
| Recurring financial charges | 65 | €179 | €143 | -€36 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €39,880 | €68,063 | +€28,183 | +70.7% |
| Income taxes | 67/77 | €8,726 | €14,509 | +€5,783 | +66.3% |
| Profit (loss) for the period | 9904 | €31,153 | €53,554 | +€22,401 | +71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,153 | €53,554 | +€22,401 | +71.9% |
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 13 October 2026 via checked.be.