MIDASTE: 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.
MIDASTE
Largest movements
- Receivables within one year -€187,249
down €187,249 (-75.2%), from €249,054 to €61,805
of which Other amounts receivable: -€200,000
- Receivables after one year +€146,747
up €146,747 (+12.7%), from €1.2m to €1.3m
- Other debts -€87,979
no longer reported in 2025 (was €87,979)
- Reserves +€51,679
up €51,679 (+3.8%), from €1.4m to €1.4m
of which Distributable reserves: +€51,679
- Gross operating margin -€21,892
down €21,892 (-30.6%), from €71,630 to €49,738
- Taxes -€11,835
down €11,835 (-33.9%), from €34,910 to €23,075
- Financial income +€2,976
up €2,976 (+9.8%), from €30,235 to €33,211
- Financial charges -€1,614
down €1,614 (-23.2%), from €6,950 to €5,336
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,589,748 | €1,558,982 | -€30,766 | -1.9% |
| Fixed assets | 21/28 | €3,467 | €5,025 | +€1,558 | +44.9% |
| Tangible fixed assets | 22/27 | €3,467 | €5,025 | +€1,558 | +44.9% |
| Plant, machinery and equipment | 23 | €3,467 | €5,025 | +€1,558 | +44.9% |
| Current assets | 29/58 | €1,586,280 | €1,553,957 | -€32,324 | -2.0% |
| Amounts receivable after more than one year | 29 | €1,154,827 | €1,301,574 | +€146,747 | +12.7% |
| Other amounts receivable | 291 | €1,154,827 | €1,301,574 | +€146,747 | +12.7% |
| Amounts receivable within one year | 40/41 | €249,054 | €61,805 | -€187,249 | -75.2% |
| Trade receivables | 40 | €49,054 | €61,805 | +€12,751 | +26.0% |
| Other amounts receivable | 41 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €181,615 | €190,130 | +€8,516 | +4.7% |
| Deferred charges and accrued income | 490/1 | €785 | €447 | -€337 | -43.0% |
| Total equity and liabilities | 10/49 | €1,589,748 | €1,558,982 | -€30,766 | -1.9% |
| Equity | 10/15 | €1,425,028 | €1,476,707 | +€51,679 | +3.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,363,028 | €1,414,707 | +€51,679 | +3.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,356,828 | €1,408,507 | +€51,679 | +3.8% |
| Amounts payable | 17/49 | €164,720 | €82,275 | -€82,445 | -50.1% |
| Amounts payable within one year | 42/48 | €164,720 | €82,275 | -€82,445 | -50.1% |
| Trade debts | 44 | €9,843 | €14,719 | +€4,876 | +49.5% |
| Suppliers | 440/4 | €9,843 | €14,719 | +€4,876 | +49.5% |
| Taxes, remuneration and social security | 45 | €66,899 | €67,556 | +€658 | +1.0% |
| Taxes | 450/3 | €63,973 | €67,556 | +€3,583 | +5.6% |
| Remuneration and social security | 454/9 | €2,925 | - | -€2,925 | |
| Other amounts payable | 47/48 | €87,979 | - | -€87,979 | |
| Non-recurring operating income | 76A | - | €6,797 | +€6,797 | |
| Remuneration, social security and pensions | 62 | €163 | - | -€163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €637 | €1,261 | +€624 | +98.0% |
| Other operating charges | 640/8 | €1,226 | €1,598 | +€371 | +30.3% |
| Gross operating margin | 9900 | €71,630 | €49,738 | -€21,892 | -30.6% |
| Operating profit (loss) | 9901 | €69,603 | €46,879 | -€22,724 | -32.6% |
| Financial income | 75/76B | €30,235 | €33,211 | +€2,976 | +9.8% |
| Recurring financial income | 75 | €30,235 | €33,211 | +€2,976 | +9.8% |
| Financial charges | 65/66B | €6,950 | €5,336 | -€1,614 | -23.2% |
| Recurring financial charges | 65 | €6,950 | €5,336 | -€1,614 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €92,888 | €74,754 | -€18,134 | -19.5% |
| Income taxes | 67/77 | €34,910 | €23,075 | -€11,835 | -33.9% |
| Profit (loss) for the period | 9904 | €57,978 | €51,679 | -€6,299 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,978 | €51,679 | -€6,299 | -10.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.