MIDEL: 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.
MIDEL
Largest movements
- Tangible fixed assets -€164
down €164 (-67.0%), from €245 to €81
- Trade debts +€5,779
up €5,779 (+59.9%), from €9,654 to €15,433
- Current portion of long-term debt -€5,164
no longer reported in 2025 (was €5,164)
- Tax, wage and social debts -€897
down €897 (-6.3%), from €14,332 to €13,435
- Gross operating margin -€6,235
down €6,235 (-42.0%), from €14,840 to €8,605
- Taxes -€1,679
down €1,679 (-33.7%), from €4,985 to €3,306
- Financial charges -€962
down €962 (-25.4%), from €3,780 to €2,819
- Other operating charges -€560
down €560 (-19.0%), from €2,949 to €2,389
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,171 | €7,896 | -€275 | -3.4% |
| Fixed assets | 21/28 | €245 | €81 | -€164 | -67.0% |
| Tangible fixed assets | 22/27 | €245 | €81 | -€164 | -67.0% |
| Plant, machinery and equipment | 23 | €245 | €81 | -€164 | -67.0% |
| Current assets | 29/58 | €7,926 | €7,815 | -€110 | -1.4% |
| Amounts receivable within one year | 40/41 | €7,869 | €7,815 | -€53 | -0.7% |
| Trade receivables | 40 | €7,869 | €7,815 | -€53 | -0.7% |
| Deferred charges and accrued income | 490/1 | €57 | - | -€57 | |
| Total equity and liabilities | 10/49 | €8,171 | €7,896 | -€275 | -3.4% |
| Equity | 10/15 | -€22,847 | -€22,920 | -€73 | -0.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €456 | €456 | = | 0.0% |
| Non-distributable reserves | 130/1 | €456 | €456 | = | 0.0% |
| Reserves not available under the articles | 1311 | €456 | €456 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,895 | -€41,969 | -€73 | -0.2% |
| Amounts payable | 17/49 | €31,018 | €30,817 | -€201 | -0.6% |
| Amounts payable within one year | 42/48 | €31,018 | €30,817 | -€201 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €5,164 | - | -€5,164 | |
| Financial debts | 43 | €1,868 | €1,948 | +€80 | +4.3% |
| Credit institutions | 430/8 | €1,868 | €1,948 | +€80 | +4.3% |
| Trade debts | 44 | €9,654 | €15,433 | +€5,779 | +59.9% |
| Suppliers | 440/4 | €9,654 | €15,433 | +€5,779 | +59.9% |
| Taxes, remuneration and social security | 45 | €14,332 | €13,435 | -€897 | -6.3% |
| Taxes | 450/3 | €14,332 | €13,435 | -€897 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180 | €164 | -€16 | -8.9% |
| Other operating charges | 640/8 | €2,949 | €2,389 | -€560 | -19.0% |
| Gross operating margin | 9900 | €14,840 | €8,605 | -€6,235 | -42.0% |
| Operating profit (loss) | 9901 | €11,710 | €6,051 | -€5,660 | -48.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,780 | €2,819 | -€962 | -25.4% |
| Recurring financial charges | 65 | €3,780 | €2,819 | -€962 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €7,930 | €3,232 | -€4,698 | -59.2% |
| Income taxes | 67/77 | €4,985 | €3,306 | -€1,679 | -33.7% |
| Profit (loss) for the period | 9904 | €2,945 | -€73 | -€3,018 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,945 | -€73 | -€3,018 |
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 26 October 2026 via checked.be.