MIDAN: 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.
MIDAN
Largest movements
- Financial fixed assets +€98,526
up €98,526 (+66.4%), from €148,438 to €246,964
- Stocks and contracts -€15,528
down €15,528 (-100.0%), from €15,528 to €0
- Other debts +€68,000
up €68,000, from €0 to €68,000
- Trade debts +€11,535
up €11,535 (+968.2%), from €1,191 to €12,726
- Gross operating margin +€81,261
up €81,261, from -€2,880 to €78,381
- Other operating charges +€11,434
up €11,434 (+1045.6%), from €1,094 to €12,528
- Financial income -€3,784
down €3,784 (-36.7%), from €10,310 to €6,526
- Taxes +€2,104
up €2,104 (+124.8%), from €1,686 to €3,789
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 | €167,218 | €249,266 | +€82,048 | +49.1% |
| Fixed assets | 21/28 | €148,438 | €246,964 | +€98,526 | +66.4% |
| Financial fixed assets | 28 | €148,438 | €246,964 | +€98,526 | +66.4% |
| Current assets | 29/58 | €18,780 | €2,302 | -€16,478 | -87.7% |
| Stocks and contracts in progress | 3 | €15,528 | €0 | -€15,528 | -100.0% |
| Stocks | 30/36 | €15,528 | €0 | -€15,528 | -100.0% |
| Amounts receivable within one year | 40/41 | - | €360 | +€360 | |
| Other amounts receivable | 41 | - | €360 | +€360 | |
| Cash at bank and in hand | 54/58 | €3,252 | €1,942 | -€1,309 | -40.3% |
| Total equity and liabilities | 10/49 | €167,218 | €249,266 | +€82,048 | +49.1% |
| Equity | 10/15 | €164,341 | €164,750 | +€410 | +0.2% |
| Contributions | 10/11 | €152,953 | €152,953 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Outside capital | 11 | €91,453 | €91,453 | = | 0.0% |
| Share premium | 1100/10 | €91,453 | €91,453 | = | 0.0% |
| Reserves | 13 | €11,388 | €11,798 | +€410 | +3.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €5,238 | €5,648 | +€410 | +7.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,877 | €84,515 | +€81,638 | +2837.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,877 | €84,515 | +€81,638 | +2837.5% |
| Trade debts | 44 | €1,191 | €12,726 | +€11,535 | +968.2% |
| Suppliers | 440/4 | €1,191 | €12,726 | +€11,535 | +968.2% |
| Taxes, remuneration and social security | 45 | €1,686 | €3,789 | +€2,104 | +124.8% |
| Taxes | 450/3 | €1,686 | €3,789 | +€2,104 | +124.8% |
| Other amounts payable | 47/48 | €0 | €68,000 | +€68,000 | |
| Other operating charges | 640/8 | €1,094 | €12,528 | +€11,434 | +1045.6% |
| Gross operating margin | 9900 | -€2,880 | €78,381 | +€81,261 | |
| Operating profit (loss) | 9901 | -€3,974 | €65,853 | +€69,827 | |
| Financial income | 75/76B | €10,310 | €6,526 | -€3,784 | -36.7% |
| Recurring financial income | 75 | €10,310 | €6,526 | -€3,784 | -36.7% |
| Financial charges | 65/66B | €150 | €180 | +€30 | +20.0% |
| Recurring financial charges | 65 | €150 | €180 | +€30 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €6,186 | €72,199 | +€66,013 | +1067.1% |
| Income taxes | 67/77 | €1,686 | €3,789 | +€2,104 | +124.8% |
| Profit (loss) for the period | 9904 | €4,500 | €68,410 | +€63,909 | +1420.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,500 | €68,410 | +€63,909 | +1420.1% |
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 4 October 2026 via checked.be.