MIDDERNACHT: 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.
MIDDERNACHT
Largest movements
- Receivables within one year -€18,019
no longer reported in 2025 (was €18,019)
of which Trade receivables: -€10,546
- Tangible fixed assets +€2,593
up €2,593 (+28.5%), from €9,090 to €11,683
of which Furniture and vehicles: +€3,428
- Cash +€2,389
up €2,389 (+5,905%), from €40 to €2,430
mainly Receivables within one year (+€18,019) and Depreciation (+€3,434)
- Profit (loss) carried forward -€12,280
down €12,280 (-180%), from -€6,834 to -€19,114
- Short-term financial debts -€4,522
no longer reported in 2025 (was €4,522)
- Trade debts +€3,064
up €3,064 (+1,210%), from €253 to €3,317
- Other debts +€2,662
new in 2025: €2,662
- Tax, wage and social debts -€2,139
down €2,139 (-22.5%), from €9,519 to €7,381
of which Taxes: -€4,539
- Gross operating margin -€15,874
down €15,874, from €8,717 to -€7,157
- Depreciation -€1,338
down €1,338 (-28.0%), from €4,772 to €3,434
- Other operating charges +€248
up €248 (+38.7%), from €640 to €888
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 | €27,920 | €14,705 | -€13,215 | -47.3% |
| Fixed assets | 21/28 | €9,340 | €11,933 | +€2,593 | +27.8% |
| Tangible fixed assets | 22/27 | €9,090 | €11,683 | +€2,593 | +28.5% |
| Plant, machinery and equipment | 23 | €4,798 | €4,172 | -€625 | -13.0% |
| Furniture and vehicles | 24 | €2,498 | €5,926 | +€3,428 | +137% |
| Other tangible fixed assets | 26 | €1,794 | €1,584 | -€210 | -11.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €18,580 | €2,773 | -€15,807 | -85.1% |
| Amounts receivable within one year | 40/41 | €18,019 | - | -€18,019 | |
| Trade receivables | 40 | €10,546 | - | -€10,546 | |
| Other amounts receivable | 41 | €7,472 | - | -€7,472 | |
| Cash at bank and in hand | 54/58 | €40 | €2,430 | +€2,389 | +5,905% |
| Deferred charges and accrued income | 490/1 | €521 | €343 | -€178 | -34.2% |
| Total equity and liabilities | 10/49 | €27,920 | €14,705 | -€13,215 | -47.3% |
| Equity | 10/15 | €13,626 | €1,346 | -€12,280 | -90.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,834 | -€19,114 | -€12,280 | -180% |
| Amounts payable | 17/49 | €14,294 | €13,360 | -€935 | -6.5% |
| Amounts payable within one year | 42/48 | €14,294 | €13,360 | -€935 | -6.5% |
| Financial debts | 43 | €4,522 | - | -€4,522 | |
| Credit institutions | 430/8 | €4,522 | - | -€4,522 | |
| Trade debts | 44 | €253 | €3,317 | +€3,064 | +1,210% |
| Suppliers | 440/4 | €253 | €3,317 | +€3,064 | +1,210% |
| Taxes, remuneration and social security | 45 | €9,519 | €7,381 | -€2,139 | -22.5% |
| Taxes | 450/3 | €9,519 | €4,981 | -€4,539 | -47.7% |
| Remuneration and social security | 454/9 | - | €2,400 | +€2,400 | |
| Other amounts payable | 47/48 | - | €2,662 | +€2,662 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,772 | €3,434 | -€1,338 | -28.0% |
| Other operating charges | 640/8 | €640 | €888 | +€248 | +38.7% |
| Gross operating margin | 9900 | €8,717 | -€7,157 | -€15,874 | |
| Operating profit (loss) | 9901 | €3,305 | -€11,479 | -€14,784 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €710 | €741 | +€32 | +4.4% |
| Recurring financial charges | 65 | €710 | €741 | +€32 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €2,596 | -€12,220 | -€14,816 | |
| Income taxes | 67/77 | €146 | €60 | -€86 | -59.0% |
| Profit (loss) for the period | 9904 | €2,450 | -€12,280 | -€14,730 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,450 | -€12,280 | -€14,730 |
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 19 October 2026 via checked.be.