MIDAV CONSTRUCT: 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.
MIDAV CONSTRUCT
Largest movements
- Receivables within one year +€197,215
up €197,215 (+613.2%), from €32,163 to €229,377
of which Trade receivables: +€192,653
- Tangible fixed assets +€77,410
up €77,410 (+1990.4%), from €3,889 to €81,299
- Cash -€22,520
down €22,520 (-53.0%), from €42,513 to €19,993
mainly Receivables within one year (-€197,215) and Investment in fixed assets (net) (-€96,000)
- Trade debts +€211,604
up €211,604 (+728.0%), from €29,065 to €240,669
of which Suppliers: +€220,015
- Profit (loss) carried forward +€30,767
up €30,767 (+176.2%), from €17,459 to €48,225
- Tax, wage and social debts +€9,735
up €9,735 (+34.1%), from €28,581 to €38,316
of which Taxes: +€10,271
- Gross operating margin +€39,296
up €39,296 (+91.2%), from €43,087 to €82,383
- Purchases and services -€34,731
down €34,731 (-6.9%), from €505,801 to €471,070
- Turnover -€23,685
down €23,685 (-4.3%), from €547,863 to €524,178
- Depreciation +€15,428
up €15,428 (+487.9%), from €3,162 to €18,590
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 | €81,105 | €333,209 | +€252,105 | +310.8% |
| Fixed assets | 21/28 | €6,429 | €83,839 | +€77,410 | +1204.1% |
| Tangible fixed assets | 22/27 | €3,889 | €81,299 | +€77,410 | +1990.4% |
| Furniture and vehicles | 24 | €3,889 | €81,299 | +€77,410 | +1990.4% |
| Financial fixed assets | 28 | €2,540 | €2,540 | = | 0.0% |
| Current assets | 29/58 | €74,676 | €249,371 | +€174,695 | +233.9% |
| Amounts receivable within one year | 40/41 | €32,163 | €229,377 | +€197,215 | +613.2% |
| Trade receivables | 40 | €19,108 | €211,760 | +€192,653 | +1008.2% |
| Other amounts receivable | 41 | €13,055 | €17,617 | +€4,562 | +34.9% |
| Cash at bank and in hand | 54/58 | €42,513 | €19,993 | -€22,520 | -53.0% |
| Total equity and liabilities | 10/49 | €81,105 | €333,209 | +€252,105 | +310.8% |
| Equity | 10/15 | €23,459 | €54,225 | +€30,767 | +131.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,459 | €48,225 | +€30,767 | +176.2% |
| Amounts payable | 17/49 | €57,646 | €278,984 | +€221,338 | +384.0% |
| Amounts payable within one year | 42/48 | €57,646 | €278,984 | +€221,338 | +384.0% |
| Trade debts | 44 | €29,065 | €240,669 | +€211,604 | +728.0% |
| Suppliers | 440/4 | €20,653 | €240,669 | +€220,015 | +1065.3% |
| Bills of exchange payable | 441 | €8,412 | - | -€8,412 | |
| Taxes, remuneration and social security | 45 | €28,581 | €38,316 | +€9,735 | +34.1% |
| Taxes | 450/3 | - | €10,271 | +€10,271 | |
| Remuneration and social security | 454/9 | €28,581 | €28,045 | -€536 | -1.9% |
| Turnover | 70 | €547,863 | €524,178 | -€23,685 | -4.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €505,801 | €471,070 | -€34,731 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,162 | €18,590 | +€15,428 | +487.9% |
| Other operating charges | 640/8 | €1,265 | €745 | -€519 | -41.1% |
| Non-recurring operating charges | 66A | - | €1,005 | +€1,005 | |
| Gross operating margin | 9900 | €43,087 | €82,383 | +€39,296 | +91.2% |
| Operating profit (loss) | 9901 | €38,660 | €62,043 | +€23,383 | +60.5% |
| Financial income | 75/76B | €9 | €0 | -€8 | -97.9% |
| Recurring financial income | 75 | €9 | €0 | -€8 | -97.9% |
| Financial charges | 65/66B | €16,865 | €21,006 | +€4,140 | +24.5% |
| Recurring financial charges | 65 | €16,865 | €21,006 | +€4,140 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €21,803 | €41,037 | +€19,234 | +88.2% |
| Income taxes | 67/77 | €5,281 | €10,271 | +€4,990 | +94.5% |
| Profit (loss) for the period | 9904 | €16,522 | €30,767 | +€14,244 | +86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,522 | €30,767 | +€14,244 | +86.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.