MIDEO: 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.
MIDEO
Largest movements
- Tangible fixed assets -€15,830
down €15,830 (-15.0%), from €105,788 to €89,959
of which Plant, machinery and equipment: -€13,737
- Cash -€3,880
down €3,880 (-73.0%), from €5,318 to €1,437
mainly Net result for the year (-€14,725) and Other debts (-€8,158)
- Trade debts +€16,473
up €16,473 (+79.8%), from €20,642 to €37,115
- Profit (loss) carried forward -€14,725
down €14,725 (-19.2%), from -€76,526 to -€91,251
- Other debts -€8,158
down €8,158 (-56.2%), from €14,504 to €6,346
- Debts after one year -€4,792
down €4,792 (-16.4%), from €29,182 to €24,390
- Short-term financial debts -€4,410
down €4,410 (-10.7%), from €41,400 to €36,990
- Gross operating margin -€21,209
down €21,209 (-67.7%), from €31,350 to €10,142
- Financial charges -€2,405
down €2,405 (-28.7%), from €8,377 to €5,972
- Depreciation +€1,054
up €1,054 (+7.1%), from €14,776 to €15,830
- Financial income -€921
no longer reported in 2025 (was €921)
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 | €145,996 | €126,036 | -€19,960 | -13.7% |
| Fixed assets | 21/28 | €106,274 | €90,259 | -€16,016 | -15.1% |
| Tangible fixed assets | 22/27 | €105,788 | €89,959 | -€15,830 | -15.0% |
| Land and buildings | 22 | €21,961 | €19,868 | -€2,092 | -9.5% |
| Plant, machinery and equipment | 23 | €83,828 | €70,090 | -€13,737 | -16.4% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €486 | €300 | -€186 | -38.3% |
| Current assets | 29/58 | €39,722 | €35,778 | -€3,944 | -9.9% |
| Stocks and contracts in progress | 3 | €2,016 | €1,616 | -€400 | -19.9% |
| Stocks | 30/36 | €2,016 | €1,616 | -€400 | -19.9% |
| Amounts receivable within one year | 40/41 | €32,388 | €32,415 | +€28 | +0.1% |
| Trade receivables | 40 | €30,079 | €30,420 | +€342 | +1.1% |
| Other amounts receivable | 41 | €2,309 | €1,995 | -€314 | -13.6% |
| Cash at bank and in hand | 54/58 | €5,318 | €1,437 | -€3,880 | -73.0% |
| Deferred charges and accrued income | 490/1 | - | €309 | +€309 | |
| Total equity and liabilities | 10/49 | €145,996 | €126,036 | -€19,960 | -13.7% |
| Equity | 10/15 | €22,879 | €8,154 | -€14,725 | -64.4% |
| Contributions | 10/11 | €99,157 | €99,405 | +€248 | +0.2% |
| Capital | 10 | €99,157 | - | -€99,157 | |
| Issued capital | 100 | €99,157 | - | -€99,157 | |
| Reserves | 13 | €248 | - | -€248 | |
| Non-distributable reserves | 130/1 | €248 | - | -€248 | |
| Legal reserve | 130 | €248 | - | -€248 | |
| Profit (loss) carried forward | 14 | -€76,526 | -€91,251 | -€14,725 | -19.2% |
| Amounts payable | 17/49 | €123,117 | €117,883 | -€5,235 | -4.3% |
| Amounts payable after more than one year | 17 | €29,182 | €24,390 | -€4,792 | -16.4% |
| Financial debts | 170/4 | €29,182 | €24,390 | -€4,792 | -16.4% |
| Amounts payable within one year | 42/48 | €89,917 | €93,492 | +€3,576 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €13,370 | €9,022 | -€4,348 | -32.5% |
| Financial debts | 43 | €41,400 | €36,990 | -€4,410 | -10.7% |
| Credit institutions | 430/8 | €41,400 | €36,990 | -€4,410 | -10.7% |
| Trade debts | 44 | €20,642 | €37,115 | +€16,473 | +79.8% |
| Suppliers | 440/4 | €20,642 | €37,115 | +€16,473 | +79.8% |
| Taxes, remuneration and social security | 45 | - | €4,019 | +€4,019 | |
| Taxes | 450/3 | - | €4,019 | +€4,019 | |
| Other amounts payable | 47/48 | €14,504 | €6,346 | -€8,158 | -56.2% |
| Accrued charges and deferred income | 492/3 | €4,019 | - | -€4,019 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,776 | €15,830 | +€1,054 | +7.1% |
| Other operating charges | 640/8 | €2,938 | €3,065 | +€126 | +4.3% |
| Gross operating margin | 9900 | €31,350 | €10,142 | -€21,209 | -67.7% |
| Operating profit (loss) | 9901 | €13,636 | -€8,753 | -€22,389 | |
| Financial income | 75/76B | €921 | - | -€921 | |
| Recurring financial income | 75 | €921 | - | -€921 | |
| Financial charges | 65/66B | €8,377 | €5,972 | -€2,405 | -28.7% |
| Recurring financial charges | 65 | €8,377 | €5,972 | -€2,405 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €6,180 | -€14,725 | -€20,905 | |
| Profit (loss) for the period | 9904 | €6,180 | -€14,725 | -€20,905 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,180 | -€14,725 | -€20,905 |
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 31 October 2026 via checked.be.