MIDANE: 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.
MIDANE
Largest movements
- Receivables within one year +€223,606
up €223,606 (+117.3%), from €190,693 to €414,299
of which Trade receivables: +€148,625
- Tangible fixed assets -€22,294
down €22,294 (-31.8%), from €70,130 to €47,836
of which Leasing and similar rights: -€31,224
- Deferred charges and accrued income -€18,081
down €18,081 (-92.3%), from €19,581 to €1,500
- Tax, wage and social debts +€74,146
up €74,146 (+350.9%), from €21,129 to €95,275
of which Remuneration and social security: +€63,789
- Trade debts +€71,596
up €71,596 (+36.8%), from €194,330 to €265,926
- Profit (loss) carried forward +€60,997
up €60,997, from -€1,844 to €59,153
- Current portion of long-term debt -€23,837
down €23,837 (-87.4%), from €27,281 to €3,444
- Debts after one year -€5,959
down €5,959 (-16.1%), from €36,974 to €31,015
- Gross operating margin +€264,601
up €264,601 (+309.7%), from €85,443 to €350,044
- Staff costs +€188,339
up €188,339 (+282.1%), from €66,756 to €255,095
- Other operating charges +€16,831
new in 2024: €16,831
- Depreciation +€10,977
up €10,977 (+181.1%), from €6,062 to €17,039
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €286,613 | €465,365 | +€178,752 | +62.4% |
| Fixed assets | 21/28 | €70,580 | €49,186 | -€21,394 | -30.3% |
| Tangible fixed assets | 22/27 | €70,130 | €47,836 | -€22,294 | -31.8% |
| Plant, machinery and equipment | 23 | €450 | €3,314 | +€2,864 | +636.4% |
| Furniture and vehicles | 24 | - | €6,066 | +€6,066 | |
| Leasing and similar rights | 25 | €69,680 | €38,456 | -€31,224 | -44.8% |
| Financial fixed assets | 28 | €450 | €1,350 | +€900 | +200.0% |
| Current assets | 29/58 | €216,033 | €416,179 | +€200,146 | +92.6% |
| Stocks and contracts in progress | 3 | €2,841 | - | -€2,841 | |
| Stocks | 30/36 | €2,841 | - | -€2,841 | |
| Amounts receivable within one year | 40/41 | €190,693 | €414,299 | +€223,606 | +117.3% |
| Trade receivables | 40 | €175,727 | €324,352 | +€148,625 | +84.6% |
| Other amounts receivable | 41 | €14,966 | €89,947 | +€74,981 | +501.0% |
| Cash at bank and in hand | 54/58 | €2,918 | €380 | -€2,538 | -87.0% |
| Deferred charges and accrued income | 490/1 | €19,581 | €1,500 | -€18,081 | -92.3% |
| Total equity and liabilities | 10/49 | €286,613 | €465,365 | +€178,752 | +62.4% |
| Equity | 10/15 | €4,356 | €65,353 | +€60,997 | +1400.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,844 | €59,153 | +€60,997 | |
| Amounts payable | 17/49 | €282,257 | €400,012 | +€117,755 | +41.7% |
| Amounts payable after more than one year | 17 | €36,974 | €31,015 | -€5,959 | -16.1% |
| Financial debts | 170/4 | €36,974 | €31,015 | -€5,959 | -16.1% |
| Amounts payable within one year | 42/48 | €245,283 | €368,997 | +€123,714 | +50.4% |
| Current portion of amounts payable after more than one year | 42 | €27,281 | €3,444 | -€23,837 | -87.4% |
| Trade debts | 44 | €194,330 | €265,926 | +€71,596 | +36.8% |
| Suppliers | 440/4 | €194,330 | €265,926 | +€71,596 | +36.8% |
| Advances received on contracts in progress | 46 | - | €2,900 | +€2,900 | |
| Taxes, remuneration and social security | 45 | €21,129 | €95,275 | +€74,146 | +350.9% |
| Taxes | 450/3 | €1,894 | €12,251 | +€10,357 | +546.8% |
| Remuneration and social security | 454/9 | €19,235 | €83,024 | +€63,789 | +331.6% |
| Other amounts payable | 47/48 | €2,543 | €1,452 | -€1,091 | -42.9% |
| Remuneration, social security and pensions | 62 | €66,756 | €255,095 | +€188,339 | +282.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,062 | €17,039 | +€10,977 | +181.1% |
| Other operating charges | 640/8 | - | €16,831 | +€16,831 | |
| Gross operating margin | 9900 | €85,443 | €350,044 | +€264,601 | +309.7% |
| Operating profit (loss) | 9901 | €12,625 | €61,079 | +€48,454 | +383.8% |
| Financial income | 75/76B | €244 | €933 | +€689 | +282.4% |
| Recurring financial income | 75 | €244 | €933 | +€689 | +282.4% |
| Financial charges | 65/66B | €79 | €1,015 | +€936 | +1184.8% |
| Recurring financial charges | 65 | €79 | €1,015 | +€936 | +1184.8% |
| Profit (loss) for the period before taxes | 9903 | €12,790 | €60,997 | +€48,207 | +376.9% |
| Profit (loss) for the period | 9904 | €12,790 | €60,997 | +€48,207 | +376.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,790 | €60,997 | +€48,207 | +376.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.