Midas Meesterschilders: 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.
Midas Meesterschilders
Largest movements
- Receivables within one year +€19,860
up €19,860 (+14.4%), from €137,476 to €157,335
of which Other amounts receivable: +€22,331
- Tangible fixed assets -€8,700
down €8,700 (-39.8%), from €21,843 to €13,143
- Cash -€4,864
down €4,864 (-29.9%), from €16,254 to €11,389
mainly Receivables within one year (-€19,860) and Tax, wage and social debts (-€12,049)
- Profit (loss) carried forward +€15,312
up €15,312 (+14.1%), from €108,351 to €123,663
- Tax, wage and social debts -€12,049
down €12,049 (-37.9%), from €31,813 to €19,764
- Trade debts +€3,032
up €3,032 (+9.4%), from €32,408 to €35,440
- Gross operating margin -€35,314
down €35,314 (-55.2%), from €63,957 to €28,644
- Taxes -€8,510
down €8,510 (-64.1%), from €13,279 to €4,769
- Depreciation +€4,709
up €4,709 (+118%), from €3,991 to €8,700
- Financial charges -€1,399
down €1,399 (-50.2%), from €2,785 to €1,387
of which Non-recurring financial charges: -€2,513
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 | €175,572 | €181,867 | +€6,295 | +3.6% |
| Fixed assets | 21/28 | €21,843 | €13,143 | -€8,700 | -39.8% |
| Tangible fixed assets | 22/27 | €21,843 | €13,143 | -€8,700 | -39.8% |
| Furniture and vehicles | 24 | €21,843 | €13,143 | -€8,700 | -39.8% |
| Current assets | 29/58 | €153,729 | €168,725 | +€14,995 | +9.8% |
| Amounts receivable within one year | 40/41 | €137,476 | €157,335 | +€19,860 | +14.4% |
| Trade receivables | 40 | €109,032 | €106,561 | -€2,471 | -2.3% |
| Other amounts receivable | 41 | €28,444 | €50,775 | +€22,331 | +78.5% |
| Cash at bank and in hand | 54/58 | €16,254 | €11,389 | -€4,864 | -29.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €175,572 | €181,867 | +€6,295 | +3.6% |
| Equity | 10/15 | €111,351 | €126,663 | +€15,312 | +13.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,351 | €123,663 | +€15,312 | +14.1% |
| Amounts payable | 17/49 | €64,221 | €55,204 | -€9,017 | -14.0% |
| Amounts payable within one year | 42/48 | €64,221 | €55,204 | -€9,017 | -14.0% |
| Trade debts | 44 | €32,408 | €35,440 | +€3,032 | +9.4% |
| Suppliers | 440/4 | €32,408 | €35,440 | +€3,032 | +9.4% |
| Taxes, remuneration and social security | 45 | €31,813 | €19,764 | -€12,049 | -37.9% |
| Taxes | 450/3 | €31,813 | €19,764 | -€12,049 | -37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,991 | €8,700 | +€4,709 | +118% |
| Other operating charges | 640/8 | €364 | €581 | +€218 | +59.9% |
| Gross operating margin | 9900 | €63,957 | €28,644 | -€35,314 | -55.2% |
| Operating profit (loss) | 9901 | €59,602 | €19,362 | -€40,240 | -67.5% |
| Financial income | 75/76B | €2,471 | €2,106 | -€365 | -14.8% |
| Recurring financial income | 75 | €1,589 | €2,106 | +€517 | +32.6% |
| Non-recurring financial income | 76B | €883 | €0 | -€883 | -100% |
| Financial charges | 65/66B | €2,785 | €1,387 | -€1,399 | -50.2% |
| Recurring financial charges | 65 | €272 | €1,387 | +€1,115 | +410% |
| Non-recurring financial charges | 66B | €2,513 | €0 | -€2,513 | -100% |
| Profit (loss) for the period before taxes | 9903 | €59,288 | €20,082 | -€39,207 | -66.1% |
| Income taxes | 67/77 | €13,279 | €4,769 | -€8,510 | -64.1% |
| Profit (loss) for the period | 9904 | €46,009 | €15,312 | -€30,697 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,009 | €15,312 | -€30,697 | -66.7% |
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 21 October 2026 via checked.be.