MIDAR -LAND: 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.
MIDAR -LAND
Largest movements
- Receivables within one year -€18,203
down €18,203 (-77.9%), from €23,353 to €5,150
- Tangible fixed assets -€14,999
no longer reported in 2024 (was €14,999)
- Stocks and contracts +€8,930
up €8,930 (+8.8%), from €101,457 to €110,387
- Cash +€8,729
up €8,729 (+612%), from €1,425 to €10,154
mainly Receivables within one year (+€18,203) and Investment in fixed assets (net) (+€14,999)
- Other debts -€45,662
down €45,662 (-74.2%), from €61,571 to €15,908
- Trade debts +€13,369
up €13,369 (+1,328%), from €1,006 to €14,375
- Advances received +€9,869
up €9,869 (+123%), from €8,000 to €17,869
- Profit (loss) carried forward +€7,350
up €7,350 (+30.5%), from €24,074 to €31,424
- Purchases and services -€12,844
down €12,844 (-15.1%), from €85,176 to €72,333
- Turnover -€8,684
down €8,684 (-9.8%), from €88,398 to €79,714
- Gross operating margin +€5,598
up €5,598 (+169%), from €3,313 to €8,911
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.
Derived cash bridge
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 | €141,434 | €125,891 | -€15,543 | -11.0% |
| Fixed assets | 21/28 | €15,199 | €200 | -€14,999 | -98.7% |
| Tangible fixed assets | 22/27 | €14,999 | - | -€14,999 | |
| Furniture and vehicles | 24 | €14,999 | - | -€14,999 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €126,235 | €125,691 | -€544 | -0.4% |
| Stocks and contracts in progress | 3 | €101,457 | €110,387 | +€8,930 | +8.8% |
| Stocks | 30/36 | €101,457 | €110,387 | +€8,930 | +8.8% |
| Amounts receivable within one year | 40/41 | €23,353 | €5,150 | -€18,203 | -77.9% |
| Trade receivables | 40 | €23,353 | €5,150 | -€18,203 | -77.9% |
| Cash at bank and in hand | 54/58 | €1,425 | €10,154 | +€8,729 | +612% |
| Total equity and liabilities | 10/49 | €141,434 | €125,891 | -€15,543 | -11.0% |
| Equity | 10/15 | €43,776 | €51,126 | +€7,350 | +16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,102 | €1,102 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,102 | €1,102 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,102 | €1,102 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,074 | €31,424 | +€7,350 | +30.5% |
| Amounts payable | 17/49 | €97,658 | €74,765 | -€22,893 | -23.4% |
| Amounts payable within one year | 42/48 | €97,658 | €74,765 | -€22,893 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €10,400 | €10,400 | = | 0.0% |
| Trade debts | 44 | €1,006 | €14,375 | +€13,369 | +1,328% |
| Suppliers | 440/4 | €1,006 | €14,375 | +€13,369 | +1,328% |
| Advances received on contracts in progress | 46 | €8,000 | €17,869 | +€9,869 | +123% |
| Taxes, remuneration and social security | 45 | €16,681 | €16,212 | -€468 | -2.8% |
| Taxes | 450/3 | €15,181 | €11,687 | -€3,493 | -23.0% |
| Remuneration and social security | 454/9 | €1,500 | €4,525 | +€3,025 | +202% |
| Other amounts payable | 47/48 | €61,571 | €15,908 | -€45,662 | -74.2% |
| Turnover | 70 | €88,398 | €79,714 | -€8,684 | -9.8% |
| Non-recurring operating income | 76A | - | €1,530 | +€1,530 | |
| Goods, raw materials, services and sundry goods | 60/61 | €85,176 | €72,333 | -€12,844 | -15.1% |
| Other operating charges | 640/8 | €737 | €886 | +€149 | +20.2% |
| Non-recurring operating charges | 66A | €156 | - | -€156 | |
| Gross operating margin | 9900 | €3,313 | €8,911 | +€5,598 | +169% |
| Operating profit (loss) | 9901 | €2,420 | €8,025 | +€5,606 | +232% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,133% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,133% |
| Financial charges | 65/66B | €587 | €607 | +€20 | +3.3% |
| Recurring financial charges | 65 | €587 | €607 | +€20 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €1,833 | €7,420 | +€5,587 | +305% |
| Income taxes | 67/77 | - | €70 | +€70 | |
| Profit (loss) for the period | 9904 | €1,833 | €7,350 | +€5,517 | +301% |
| Profit (loss) for the period to be appropriated | 9905 | €1,833 | €7,350 | +€5,517 | +301% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.