MIDAS TECH: 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 TECH
Largest movements
- Cash -€72,533
down €72,533 (-32.3%), from €224,511 to €151,978
mainly Net result for the year (-€51,218) and Receivables within one year (-€46,322)
- Receivables within one year +€46,322
up €46,322 (+331%), from €13,983 to €60,305
of which Other amounts receivable: +€39,918
- Tangible fixed assets -€31,416
down €31,416 (-18.5%), from €169,615 to €138,199
- Profit (loss) carried forward -€51,218
down €51,218 (-13.4%), from €382,466 to €331,248
- Debts after one year -€7,613
no longer reported in 2024 (was €7,613)
- Gross operating margin -€38,133
down €38,133, from €17,187 to -€20,946
- Financial income +€3,239
new in 2024: €3,239
- Taxes -€791
no longer reported in 2024 (was €791)
- Depreciation -€501
down €501 (-1.6%), from €31,916 to €31,416
- Other operating charges -€236
down €236 (-13.0%), from €1,809 to €1,573
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 | €409,955 | €352,328 | -€57,627 | -14.1% |
| Fixed assets | 21/28 | €169,640 | €138,224 | -€31,416 | -18.5% |
| Tangible fixed assets | 22/27 | €169,615 | €138,199 | -€31,416 | -18.5% |
| Land and buildings | 22 | €128,087 | €112,561 | -€15,526 | -12.1% |
| Plant, machinery and equipment | 23 | €2,240 | €431 | -€1,809 | -80.7% |
| Furniture and vehicles | 24 | €16,713 | €8,299 | -€8,414 | -50.3% |
| Other tangible fixed assets | 26 | €22,575 | €16,908 | -€5,667 | -25.1% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €240,315 | €214,104 | -€26,211 | -10.9% |
| Amounts receivable within one year | 40/41 | €13,983 | €60,305 | +€46,322 | +331% |
| Trade receivables | 40 | - | €6,404 | +€6,404 | |
| Other amounts receivable | 41 | €13,983 | €53,901 | +€39,918 | +285% |
| Current investments | 50/53 | €1,821 | €1,821 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €224,511 | €151,978 | -€72,533 | -32.3% |
| Total equity and liabilities | 10/49 | €409,955 | €352,328 | -€57,627 | -14.1% |
| Equity | 10/15 | €390,526 | €339,308 | -€51,218 | -13.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €382,466 | €331,248 | -€51,218 | -13.4% |
| Amounts payable | 17/49 | €19,429 | €13,020 | -€6,409 | -33.0% |
| Amounts payable after more than one year | 17 | €7,613 | - | -€7,613 | |
| Financial debts | 170/4 | €7,613 | - | -€7,613 | |
| Amounts payable within one year | 42/48 | €11,816 | €13,020 | +€1,204 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €7,505 | €7,613 | +€108 | +1.4% |
| Trade debts | 44 | €4,284 | €4,372 | +€88 | +2.0% |
| Suppliers | 440/4 | €4,284 | €4,372 | +€88 | +2.0% |
| Taxes, remuneration and social security | 45 | - | €1,035 | +€1,035 | |
| Taxes | 450/3 | - | €1,035 | +€1,035 | |
| Other amounts payable | 47/48 | €27 | - | -€27 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,916 | €31,416 | -€501 | -1.6% |
| Other operating charges | 640/8 | €1,809 | €1,573 | -€236 | -13.0% |
| Gross operating margin | 9900 | €17,187 | -€20,946 | -€38,133 | |
| Operating profit (loss) | 9901 | -€16,538 | -€53,935 | -€37,397 | -226% |
| Financial income | 75/76B | - | €3,239 | +€3,239 | |
| Recurring financial income | 75 | - | €3,239 | +€3,239 | |
| Financial charges | 65/66B | €688 | €522 | -€166 | -24.1% |
| Recurring financial charges | 65 | €688 | €522 | -€166 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,226 | -€51,218 | -€33,992 | -197% |
| Income taxes | 67/77 | €791 | - | -€791 | |
| Profit (loss) for the period | 9904 | -€18,017 | -€51,218 | -€33,201 | -184% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,017 | -€51,218 | -€33,201 | -184% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.