MIDESCO: 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.
MIDESCO
Largest movements
- Current assets +€184,182
up €184,182 (+370.1%), from €49,765 to €233,947
- Tangible fixed assets -€30,450
down €30,450 (-7.9%), from €383,080 to €352,630
- Debts +€153,543
up €153,543 (+42.4%), from €362,460 to €516,003
of which Debts within one year: +€95,689
- Contributions +€13,500
up €13,500 (+207.7%), from €6,500 to €20,000
- Profit (loss) carried forward -€13,311
down €13,311 (-10.1%), from €131,885 to €118,574
- Turnover +€533,152
new in 2008: €533,152
- Gross operating margin +€105,810
up €105,810 (+110.2%), from €95,982 to €201,792
- Taxes +€38,018
up €38,018 (+286.1%), from €13,288 to €51,306
- Depreciation +€6,348
up €6,348 (+13.1%), from €48,404 to €54,752
From the 2007 result to the 2008 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
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 | 2007 | 2008 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €502,845 | €656,577 | +€153,732 | +30.6% |
| Fixed assets | 21/28 | €453,080 | €422,630 | -€30,450 | -6.7% |
| Tangible fixed assets | 22/27 | €383,080 | €352,630 | -€30,450 | -7.9% |
| Financial fixed assets | 28 | €70,000 | €70,000 | = | 0.0% |
| Current assets | 29/58 | €49,765 | €233,947 | +€184,182 | +370.1% |
| Amounts receivable within one year | 40/41 | €104 | €53,616 | +€53,512 | +51453.8% |
| Current investments | 50/53 | - | €70,000 | +€70,000 | |
| Cash at bank and in hand | 54/58 | €22,121 | €67,778 | +€45,657 | +206.4% |
| Total equity and liabilities | 10/49 | €502,845 | €656,577 | +€153,732 | +30.6% |
| Equity | 10/15 | €140,385 | €140,574 | +€189 | +0.1% |
| Contributions | 10/11 | €6,500 | €20,000 | +€13,500 | +207.7% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,885 | €118,574 | -€13,311 | -10.1% |
| Amounts payable | 17/49 | €362,460 | €516,003 | +€153,543 | +42.4% |
| Amounts payable after more than one year | 17 | €267,793 | €255,647 | -€12,146 | -4.5% |
| Amounts payable within one year | 42/48 | €94,667 | €190,356 | +€95,689 | +101.1% |
| Trade debts | 44 | €5,956 | €22,263 | +€16,307 | +273.8% |
| Turnover | 70 | - | €533,152 | +€533,152 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,404 | €54,752 | +€6,348 | +13.1% |
| Gross operating margin | 9900 | €95,982 | €201,792 | +€105,810 | +110.2% |
| Operating profit (loss) | 9901 | €40,872 | €140,030 | +€99,158 | +242.6% |
| Recurring financial income | 75 | €4,735 | €7,143 | +€2,408 | +50.9% |
| Recurring financial charges | 65 | €14,935 | €15,178 | +€243 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €30,672 | €131,995 | +€101,323 | +330.3% |
| Income taxes | 67/77 | €13,288 | €51,306 | +€38,018 | +286.1% |
| Profit (loss) for the period | 9904 | €17,384 | €80,689 | +€63,305 | +364.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,384 | €80,689 | +€63,305 | +364.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2007 and 31 October 2008. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.