MIDENTE: 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.
MIDENTE
Largest movements
- Tangible fixed assets +€354,292
up €354,292 (+57.8%), from €612,870 to €967,162
of which Land and buildings: +€361,969
- Current investments -€171,231
down €171,231 (-33.6%), from €509,224 to €337,993
- Receivables within one year +€79,742
up €79,742 (+137%), from €58,279 to €138,020
of which Other amounts receivable: +€70,717
- Cash -€43,049
down €43,049 (-10.3%), from €417,615 to €374,567
mainly Investment in fixed assets (net) (-€416,312) and Contributions, distributions and other (-€158,990)
- Reserves +€184,649
up €184,649 (+14.1%), from €1.3m to €1.5m
- Other debts +€45,233
up €45,233 (+20.5%), from €220,881 to €266,114
- Gross operating margin +€33,505
up €33,505 (+6.2%), from €544,086 to €577,591
- Financial income +€33,023
up €33,023 (+136%), from €24,217 to €57,239
- Staff costs -€14,140
down €14,140 (-13.8%), from €102,778 to €88,638
- Taxes +€8,112
up €8,112 (+6.8%), from €119,641 to €127,753
- Depreciation +€7,730
up €7,730 (+14.2%), from €54,290 to €62,019
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 | €1,609,135 | €1,830,391 | +€221,256 | +13.7% |
| Fixed assets | 21/28 | €618,420 | €972,712 | +€354,292 | +57.3% |
| Tangible fixed assets | 22/27 | €612,870 | €967,162 | +€354,292 | +57.8% |
| Land and buildings | 22 | €572,101 | €934,070 | +€361,969 | +63.3% |
| Plant, machinery and equipment | 23 | €28,727 | €22,884 | -€5,844 | -20.3% |
| Other tangible fixed assets | 26 | €12,041 | €10,208 | -€1,833 | -15.2% |
| Financial fixed assets | 28 | €5,550 | €5,550 | = | 0.0% |
| Current assets | 29/58 | €990,716 | €857,679 | -€133,036 | -13.4% |
| Amounts receivable within one year | 40/41 | €58,279 | €138,020 | +€79,742 | +137% |
| Trade receivables | 40 | €6,771 | €15,796 | +€9,025 | +133% |
| Other amounts receivable | 41 | €51,508 | €122,224 | +€70,717 | +137% |
| Current investments | 50/53 | €509,224 | €337,993 | -€171,231 | -33.6% |
| Cash at bank and in hand | 54/58 | €417,615 | €374,567 | -€43,049 | -10.3% |
| Deferred charges and accrued income | 490/1 | €5,598 | €7,100 | +€1,502 | +26.8% |
| Total equity and liabilities | 10/49 | €1,609,135 | €1,830,391 | +€221,256 | +13.7% |
| Equity | 10/15 | €1,326,543 | €1,511,192 | +€184,649 | +13.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,314,143 | €1,498,792 | +€184,649 | +14.1% |
| Distributable reserves | 133 | €1,314,143 | €1,498,792 | +€184,649 | +14.1% |
| Amounts payable | 17/49 | €282,593 | €319,199 | +€36,607 | +13.0% |
| Amounts payable after more than one year | 17 | €14,055 | €11,990 | -€2,065 | -14.7% |
| Other amounts payable | 178/9 | €14,055 | €11,990 | -€2,065 | -14.7% |
| Amounts payable within one year | 42/48 | €268,538 | €307,209 | +€38,672 | +14.4% |
| Trade debts | 44 | €31,710 | €26,212 | -€5,499 | -17.3% |
| Suppliers | 440/4 | €31,710 | €26,212 | -€5,499 | -17.3% |
| Taxes, remuneration and social security | 45 | €15,946 | €14,883 | -€1,062 | -6.7% |
| Remuneration and social security | 454/9 | €15,946 | €14,883 | -€1,062 | -6.7% |
| Other amounts payable | 47/48 | €220,881 | €266,114 | +€45,233 | +20.5% |
| Remuneration, social security and pensions | 62 | €102,778 | €88,638 | -€14,140 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,290 | €62,019 | +€7,730 | +14.2% |
| Other operating charges | 640/8 | €12,809 | €5,785 | -€7,023 | -54.8% |
| Gross operating margin | 9900 | €544,086 | €577,591 | +€33,505 | +6.2% |
| Operating profit (loss) | 9901 | €374,210 | €421,148 | +€46,939 | +12.5% |
| Financial income | 75/76B | €24,217 | €57,239 | +€33,023 | +136% |
| Recurring financial income | 75 | €24,217 | €57,239 | +€33,023 | +136% |
| Financial charges | 65/66B | -€92 | €6,995 | +€7,087 | |
| Recurring financial charges | 65 | -€92 | €6,995 | +€7,087 | |
| Profit (loss) for the period before taxes | 9903 | €398,518 | €471,393 | +€72,875 | +18.3% |
| Income taxes | 67/77 | €119,641 | €127,753 | +€8,112 | +6.8% |
| Profit (loss) for the period | 9904 | €278,877 | €343,640 | +€64,763 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €278,877 | €343,640 | +€64,763 | +23.2% |
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 14 October 2026 via checked.be.