MIDAS: 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.
What changed
MIDAS
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€140,689
2024 · -€93,759+€234,448
Equity
€206,830
2024 · -€305,859+€512,689
Cash
€610,333
2024 · €124,158+€486,174
Balance sheet total
€2.7m
2024 · €3.0m-€373,951
Largest movements
Assets
- Receivables within one year -€823,521
down €823,521 (-30.7%), from €2.7m to €1.9m
of which Trade receivables: -€819,720
- Cash +€486,174
up €486,174 (+391.6%), from €124,158 to €610,333
mainly Receivables within one year (+€823,521) and Contributions, distributions and other (+€372,000)
- Tangible fixed assets -€48,417
down €48,417 (-58.3%), from €83,053 to €34,636
of which Land and buildings: -€38,665
- Receivables after one year +€40,350
up €40,350 (+127.4%), from €31,672 to €72,022
Equity and liabilities
- Profit (loss) carried forward +€512,689
up €512,689 (+10.0%), from -€5.1m to -€4.6m
- Trade debts -€361,144
down €361,144 (-23.3%), from €1.5m to €1.2m
- Short-term financial debts -€306,225
down €306,225 (-37.3%), from €821,659 to €515,434
- Accrued charges and deferred income -€288,852
down €288,852 (-39.8%), from €726,405 to €437,553
- Tax, wage and social debts +€70,581
up €70,581 (+30.1%), from €234,829 to €305,411
of which Remuneration and social security: +€90,104
Income statement
- Services and other goods +€544,304
up €544,304 (+19.6%), from €2.8m to €3.3m
- Write-downs -€413,936
down €413,936, from €188,918 to -€225,018
- Other operating income +€345,179
up €345,179 (+10.5%), from €3.3m to €3.6m
- Staff costs -€152,736
down €152,736 (-13.8%), from €1.1m to €956,766
- Other operating charges +€101,866
up €101,866 (+681.3%), from €14,953 to €116,819
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.
Result 2024
-€93,759
Turnover
+€27,295
Other operating income
+€345,179
Goods and materials
-€41,775
Services and other goods
-€544,304
Staff costs
+€152,736
Depreciation
+€2,553
Write-downs
+€413,936
Provisions
-€57,019
Other operating charges
-€101,866
Other operating items
+€25,840
Financial charges
+€12,291
Taxes
-€419
Result 2025
€140,689
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.
From operations
+€392,346
Investment
+€28,053
Financing
+€65,775
Cash 2024
€124,158
From operations (derived)
+€392,346
Net result for the year
+€140,689
Depreciation
+€20,364
Receivables after one year
-€40,350
Stocks and contracts
+€20,390
Receivables within one year
+€823,521
Deferred charges and accrued income
+€8,147
Provisions
-€1,000
Trade debts
-€361,144
Tax, wage and social debts
+€70,581
Accrued charges and deferred income
-€288,852
Investment (derived)
+€28,053
Investment in fixed assets (net)
+€28,053
Financing
+€65,775
Short-term financial debts
-€306,225
Contributions, distributions and other
+€372,000
Cash 2025
€610,333
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,031,192 | €2,657,242 | -€373,951 | -12.3% |
| Fixed assets | 21/28 | €152,380 | €103,963 | -€48,417 | -31.8% |
| Tangible fixed assets | 22/27 | €83,053 | €34,636 | -€48,417 | -58.3% |
| Land and buildings | 22 | €69,257 | €30,591 | -€38,665 | -55.8% |
| Plant, machinery and equipment | 23 | €6,494 | €1,633 | -€4,861 | -74.9% |
| Furniture and vehicles | 24 | €3,112 | €1,715 | -€1,397 | -44.9% |
| Assets under construction and advance payments | 27 | €4,190 | €697 | -€3,494 | -83.4% |
| Financial fixed assets | 28 | €69,327 | €69,327 | = | 0.0% |
| Other financial fixed assets | 284/8 | €69,327 | €69,327 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €69,327 | €69,327 | = | 0.0% |
| Current assets | 29/58 | €2,878,812 | €2,553,279 | -€325,533 | -11.3% |
| Amounts receivable after more than one year | 29 | €31,672 | €72,022 | +€40,350 | +127.4% |
| Other amounts receivable | 291 | €31,672 | €72,022 | +€40,350 | +127.4% |
| Stocks and contracts in progress | 3 | €31,468 | €11,077 | -€20,390 | -64.8% |
| Stocks | 30/36 | €31,468 | €11,077 | -€20,390 | -64.8% |
| Raw materials and consumables | 30/31 | €13,216 | €11,077 | -€2,138 | -16.2% |
| Goods purchased for resale | 34 | €18,252 | €0 | -€18,252 | -100.0% |
| Amounts receivable within one year | 40/41 | €2,680,768 | €1,857,248 | -€823,521 | -30.7% |
| Trade receivables | 40 | €2,606,485 | €1,786,765 | -€819,720 | -31.4% |
| Other amounts receivable | 41 | €74,283 | €70,482 | -€3,801 | -5.1% |
| Cash at bank and in hand | 54/58 | €124,158 | €610,333 | +€486,174 | +391.6% |
| Deferred charges and accrued income | 490/1 | €10,746 | €2,599 | -€8,147 | -75.8% |
| Total equity and liabilities | 10/49 | €3,031,192 | €2,657,242 | -€373,951 | -12.3% |
| Equity | 10/15 | -€305,859 | €206,830 | +€512,689 | |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Reserves | 13 | €827,499 | €827,499 | = | 0.0% |
| Non-distributable reserves | 130/1 | €276,158 | €276,158 | = | 0.0% |
| Legal reserve | 130 | €247,624 | €247,624 | = | 0.0% |
| Other | 1319 | €28,534 | €28,534 | = | 0.0% |
| Tax-exempt reserves | 132 | €112,137 | €112,137 | = | 0.0% |
| Distributable reserves | 133 | €439,204 | €439,204 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,133,358 | -€4,620,669 | +€512,689 | +10.0% |
| Provisions and deferred taxes | 16 | €5,000 | €4,000 | -€1,000 | -20.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €4,000 | -€1,000 | -20.0% |
| Other liabilities and charges | 164/5 | €5,000 | €4,000 | -€1,000 | -20.0% |
| Amounts payable | 17/49 | €3,332,051 | €2,446,411 | -€885,640 | -26.6% |
| Amounts payable within one year | 42/48 | €2,605,646 | €2,008,858 | -€596,788 | -22.9% |
| Financial debts | 43 | €821,659 | €515,434 | -€306,225 | -37.3% |
| Other loans | 439 | €821,659 | €515,434 | -€306,225 | -37.3% |
| Trade debts | 44 | €1,549,158 | €1,188,013 | -€361,144 | -23.3% |
| Suppliers | 440/4 | €1,549,158 | €1,188,013 | -€361,144 | -23.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €234,829 | €305,411 | +€70,581 | +30.1% |
| Taxes | 450/3 | €50,396 | €30,873 | -€19,523 | -38.7% |
| Remuneration and social security | 454/9 | €184,434 | €274,538 | +€90,104 | +48.9% |
| Accrued charges and deferred income | 492/3 | €726,405 | €437,553 | -€288,852 | -39.8% |
| Operating income | 70/76A | €4,280,596 | €4,676,926 | +€396,330 | +9.3% |
| Turnover | 70 | €981,449 | €1,008,744 | +€27,295 | +2.8% |
| Other operating income | 74 | €3,299,147 | €3,644,327 | +€345,179 | +10.5% |
| Non-recurring operating income | 76A | €0 | €23,855 | +€23,855 | |
| Operating charges | 60/66A | €4,309,880 | €4,483,633 | +€173,754 | +4.0% |
| Goods for resale, raw materials and consumables | 60 | €246,814 | €288,590 | +€41,775 | +16.9% |
| Purchases | 600/8 | €248,743 | €259,877 | +€11,135 | +4.5% |
| Change in stocks: decrease (increase) | 609 | -€1,928 | €28,712 | +€30,640 | |
| Services and other goods | 61 | €2,779,782 | €3,324,085 | +€544,304 | +19.6% |
| Remuneration, social security and pensions | 62 | €1,109,502 | €956,766 | -€152,736 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,917 | €20,364 | -€2,553 | -11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €188,918 | -€225,018 | -€413,936 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€58,019 | -€1,000 | +€57,019 | +98.3% |
| Other operating charges | 640/8 | €14,953 | €116,819 | +€101,866 | +681.3% |
| Non-recurring operating charges | 66A | €5,013 | €3,028 | -€1,985 | -39.6% |
| Operating profit (loss) | 9901 | -€29,284 | €193,292 | +€222,576 | |
| Financial charges | 65/66B | €63,861 | €51,570 | -€12,291 | -19.2% |
| Recurring financial charges | 65 | €63,861 | €51,570 | -€12,291 | -19.2% |
| Other financial charges | 652/9 | €63,861 | €51,570 | -€12,291 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€93,145 | €141,722 | +€234,867 | |
| Income taxes | 67/77 | €614 | €1,034 | +€419 | +68.3% |
| Taxes | 670/3 | €614 | €1,034 | +€419 | +68.3% |
| Profit (loss) for the period | 9904 | -€93,759 | €140,689 | +€234,448 | |
| Profit (loss) for the period to be appropriated | 9905 | -€93,759 | €140,689 | +€234,448 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.