MIDELF: 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.
MIDELF
Largest movements
- Tangible fixed assets +€22,323
up €22,323 (+136.4%), from €16,361 to €38,684
of which Furniture and vehicles: +€13,976
- Receivables within one year +€9,000
up €9,000 (+46.9%), from €19,199 to €28,199
- Other debts +€14,730
up €14,730 (+664.8%), from €2,216 to €16,946
- Reserves +€14,000
up €14,000 (+101.0%), from €13,860 to €27,860
- Trade debts +€1,901
up €1,901 (+154.0%), from €1,234 to €3,135
- Profit (loss) carried forward +€1,033
up €1,033 (+107.1%), from €964 to €1,997
- Gross operating margin +€18,531
up €18,531 (+251.2%), from €7,376 to €25,907
- Taxes +€5,755
up €5,755 (+577.2%), from €997 to €6,752
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 | €38,621 | €70,619 | +€31,998 | +82.9% |
| Fixed assets | 21/28 | €16,361 | €38,684 | +€22,323 | +136.4% |
| Tangible fixed assets | 22/27 | €16,361 | €38,684 | +€22,323 | +136.4% |
| Land and buildings | 22 | €16,361 | €24,708 | +€8,348 | +51.0% |
| Furniture and vehicles | 24 | - | €13,976 | +€13,976 | |
| Current assets | 29/58 | €22,260 | €31,935 | +€9,675 | +43.5% |
| Amounts receivable within one year | 40/41 | €19,199 | €28,199 | +€9,000 | +46.9% |
| Other amounts receivable | 41 | €19,199 | €28,199 | +€9,000 | +46.9% |
| Cash at bank and in hand | 54/58 | €2,639 | €3,281 | +€643 | +24.4% |
| Deferred charges and accrued income | 490/1 | €423 | €455 | +€33 | +7.7% |
| Total equity and liabilities | 10/49 | €38,621 | €70,619 | +€31,998 | +82.9% |
| Equity | 10/15 | €33,424 | €48,457 | +€15,033 | +45.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,860 | €27,860 | +€14,000 | +101.0% |
| Distributable reserves | 133 | €13,860 | €27,860 | +€14,000 | +101.0% |
| Profit (loss) carried forward | 14 | €964 | €1,997 | +€1,033 | +107.1% |
| Amounts payable | 17/49 | €5,197 | €22,162 | +€16,966 | +326.5% |
| Amounts payable within one year | 42/48 | €5,197 | €22,162 | +€16,966 | +326.5% |
| Trade debts | 44 | €1,234 | €3,135 | +€1,901 | +154.0% |
| Suppliers | 440/4 | €1,234 | €3,135 | +€1,901 | +154.0% |
| Taxes, remuneration and social security | 45 | €1,747 | €2,082 | +€335 | +19.2% |
| Taxes | 450/3 | €1,747 | €2,082 | +€335 | +19.2% |
| Other amounts payable | 47/48 | €2,216 | €16,946 | +€14,730 | +664.8% |
| Other operating charges | 640/8 | €2,964 | €3,179 | +€214 | +7.2% |
| Gross operating margin | 9900 | €7,376 | €25,907 | +€18,531 | +251.2% |
| Operating profit (loss) | 9901 | €4,411 | €22,728 | +€18,317 | +415.2% |
| Financial charges | 65/66B | €75 | €44 | -€32 | -42.1% |
| Recurring financial charges | 65 | €75 | €44 | -€32 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €4,336 | €22,684 | +€18,348 | +423.1% |
| Income taxes | 67/77 | €997 | €6,752 | +€5,755 | +577.2% |
| Profit (loss) for the period | 9904 | €3,339 | €15,933 | +€12,594 | +377.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,339 | €15,933 | +€12,594 | +377.1% |
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 5 October 2026 via checked.be.