MIDEX SAFETY: 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.
What changed
MIDEX SAFETY
NACE 14.230, Manufacture of wearing apparel
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€54,329
2024 · €114,796-€60,468
Equity
€1.7m
2024 · €1.6m+€54,329
Cash
€470,362
2024 · €497,741-€27,379
Balance sheet total
€5.6m
2024 · €4.5m+€1.2m
Largest movements
Assets
- Tangible fixed assets +€675,325
up €675,325 (+287%), from €235,016 to €910,342
of which Plant, machinery and equipment: +€686,945
- Stocks and contracts +€365,996
up €365,996 (+16.5%), from €2.2m to €2.6m
- Deferred charges and accrued income +€235,719
up €235,719 (+1,416%), from €16,652 to €252,371
- Receivables within one year -€81,313
down €81,313 (-5.6%), from €1.5m to €1.4m
of which Other amounts receivable: -€90,989
Equity and liabilities
- Trade debts +€624,702
up €624,702 (+46.9%), from €1.3m to €2.0m
- Advances received +€334,529
new in 2025: €334,529
- Debts after one year +€196,938
up €196,938 (+532%), from €37,029 to €233,968
- Other debts -€80,373
down €80,373 (-100%), from €80,373 to €0
Income statement
- Staff costs +€49,102
up €49,102 (+8.6%), from €574,268 to €623,370
- Depreciation +€33,315
up €33,315 (+26.9%), from €123,776 to €157,091
- Taxes -€17,594
down €17,594 (-71.1%), from €24,741 to €7,147
- Other operating charges +€16,745
up €16,745 (+347%), from €4,831 to €21,576
- Financial charges -€12,193
down €12,193 (-11.3%), from €107,456 to €95,263
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.
Result 2024
€114,796
Gross operating margin
+€3,383
Staff costs
-€49,102
Depreciation
-€33,315
Other operating charges
-€16,745
Financial income
+€5,525
Financial charges
+€12,193
Taxes
+€17,594
Result 2025
€54,329
raises the resultlowers the result
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.
From operations
+€596,970
Investment
-€821,621
Financing
+€197,271
Cash 2024
€497,741
From operations (derived)
+€596,970
Net result for the year
+€54,329
Depreciation
+€157,091
Stocks and contracts
-€365,996
Receivables within one year
+€81,313
Deferred charges and accrued income
-€235,719
Trade debts
+€624,702
Tax, wage and social debts
+€142
Advances received
+€334,529
Other debts
-€80,373
Accrued charges and deferred income
+€26,951
Investment (derived)
-€821,621
Investment in fixed assets (net)
-€826,621
Current investments
+€5,000
Financing
+€197,271
Debts after one year
+€196,938
Current portion of long-term debt
+€51,581
Short-term financial debts
-€51,249
Cash 2025
€470,362
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,490,795 | €5,648,347 | +€1.2m | +25.8% |
| Formation expenses | 20 | €533 | €400 | -€133 | -25.0% |
| Fixed assets | 21/28 | €295,523 | €965,185 | +€669,663 | +227% |
| Intangible fixed assets | 21 | €33,506 | €26,014 | -€7,492 | -22.4% |
| Tangible fixed assets | 22/27 | €235,016 | €910,342 | +€675,325 | +287% |
| Land and buildings | 22 | €42,299 | €39,778 | -€2,520 | -6.0% |
| Plant, machinery and equipment | 23 | €73,403 | €760,348 | +€686,945 | +936% |
| Furniture and vehicles | 24 | €50,334 | €66,594 | +€16,261 | +32.3% |
| Leasing and similar rights | 25 | €68,981 | €40,994 | -€27,987 | -40.6% |
| Other tangible fixed assets | 26 | - | €2,626 | +€2,626 | |
| Financial fixed assets | 28 | €27,000 | €28,829 | +€1,829 | +6.8% |
| Current assets | 29/58 | €4,194,740 | €4,682,762 | +€488,023 | +11.6% |
| Stocks and contracts in progress | 3 | €2,214,109 | €2,580,105 | +€365,996 | +16.5% |
| Stocks | 30/36 | €2,214,109 | €2,580,105 | +€365,996 | +16.5% |
| Amounts receivable within one year | 40/41 | €1,461,237 | €1,379,924 | -€81,313 | -5.6% |
| Trade receivables | 40 | €1,253,985 | €1,263,661 | +€9,676 | +0.8% |
| Other amounts receivable | 41 | €207,253 | €116,263 | -€90,989 | -43.9% |
| Current investments | 50/53 | €5,000 | €0 | -€5,000 | -100% |
| Cash at bank and in hand | 54/58 | €497,741 | €470,362 | -€27,379 | -5.5% |
| Deferred charges and accrued income | 490/1 | €16,652 | €252,371 | +€235,719 | +1,416% |
| Total equity and liabilities | 10/49 | €4,490,795 | €5,648,347 | +€1.2m | +25.8% |
| Equity | 10/15 | €1,620,226 | €1,674,554 | +€54,329 | +3.4% |
| Contributions | 10/11 | €1,700,000 | €1,700,000 | = | 0.0% |
| Capital | 10 | €1,700,000 | €1,700,000 | = | 0.0% |
| Issued capital | 100 | €1,700,000 | €1,700,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,774 | -€25,446 | +€54,329 | +68.1% |
| Amounts payable | 17/49 | €2,870,569 | €3,973,793 | +€1.1m | +38.4% |
| Amounts payable after more than one year | 17 | €37,029 | €233,968 | +€196,938 | +532% |
| Financial debts | 170/4 | €37,029 | €233,968 | +€196,938 | +532% |
| Amounts payable within one year | 42/48 | €2,698,359 | €3,577,693 | +€879,334 | +32.6% |
| Current portion of amounts payable after more than one year | 42 | €66,808 | €118,389 | +€51,581 | +77.2% |
| Financial debts | 43 | €1,158,700 | €1,107,451 | -€51,249 | -4.4% |
| Credit institutions | 430/8 | €1,158,700 | €1,107,451 | -€51,249 | -4.4% |
| Trade debts | 44 | €1,331,737 | €1,956,439 | +€624,702 | +46.9% |
| Suppliers | 440/4 | €1,331,737 | €1,956,439 | +€624,702 | +46.9% |
| Advances received on contracts in progress | 46 | - | €334,529 | +€334,529 | |
| Taxes, remuneration and social security | 45 | €60,743 | €60,885 | +€142 | +0.2% |
| Taxes | 450/3 | €4,603 | €4,603 | = | 0.0% |
| Remuneration and social security | 454/9 | €56,140 | €56,282 | +€142 | +0.3% |
| Other amounts payable | 47/48 | €80,373 | €0 | -€80,373 | -100% |
| Accrued charges and deferred income | 492/3 | €135,181 | €162,132 | +€26,951 | +19.9% |
| Remuneration, social security and pensions | 62 | €574,268 | €623,370 | +€49,102 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,776 | €157,091 | +€33,315 | +26.9% |
| Other operating charges | 640/8 | €4,831 | €21,576 | +€16,745 | +347% |
| Gross operating margin | 9900 | €915,943 | €919,326 | +€3,383 | +0.4% |
| Operating profit (loss) | 9901 | €213,069 | €117,289 | -€95,780 | -45.0% |
| Financial income | 75/76B | €33,924 | €39,449 | +€5,525 | +16.3% |
| Recurring financial income | 75 | €33,924 | €39,449 | +€5,525 | +16.3% |
| Financial charges | 65/66B | €107,456 | €95,263 | -€12,193 | -11.3% |
| Recurring financial charges | 65 | €107,456 | €95,263 | -€12,193 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €139,537 | €61,475 | -€78,062 | -55.9% |
| Income taxes | 67/77 | €24,741 | €7,147 | -€17,594 | -71.1% |
| Profit (loss) for the period | 9904 | €114,796 | €54,329 | -€60,468 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €114,796 | €54,329 | -€60,468 | -52.7% |
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 28 October 2026 via checked.be.