MiDFingest: 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.
MiDFingest
Largest movements
- Stocks and contracts +€1.4m
up €1.4m (+246.6%), from €550,000 to €1.9m
- Receivables within one year +€108,256
new in 2025: €108,256
- Cash -€106,000
down €106,000 (-93.3%), from €113,593 to €7,593
mainly Stocks and contracts (-€1.4m) and Trade debts (-€478,498)
- Tangible fixed assets +€29,873
up €29,873 (+46.0%), from €64,872 to €94,745
of which Furniture and vehicles: +€34,398
- Short-term financial debts +€1.1m
new in 2025: €1.1m
- Other debts +€784,310
up €784,310 (+7953.1%), from €9,862 to €794,171
- Trade debts -€478,498
down €478,498 (-91.2%), from €524,819 to €46,320
- Profit (loss) carried forward -€51,045
down €51,045 (-36.7%), from €139,059 to €88,014
- Gross operating margin +€33,369
up €33,369, from -€24,773 to €8,597
- Staff costs +€22,845
new in 2025: €22,845
- Financial charges +€11,473
up €11,473 (+407.2%), from €2,817 to €14,291
- Depreciation +€1,823
up €1,823 (+11.9%), from €15,360 to €17,182
- Write-downs +€1,000
no longer reported in 2025 (was -€1,000)
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 | €733,966 | €2,127,446 | +€1.4m | +189.9% |
| Fixed assets | 21/28 | €64,872 | €94,745 | +€29,873 | +46.0% |
| Tangible fixed assets | 22/27 | €64,872 | €94,745 | +€29,873 | +46.0% |
| Land and buildings | 22 | €37,410 | €33,491 | -€3,919 | -10.5% |
| Plant, machinery and equipment | 23 | €1,210 | €605 | -€605 | -50.0% |
| Furniture and vehicles | 24 | €26,252 | €60,650 | +€34,398 | +131.0% |
| Current assets | 29/58 | €669,094 | €2,032,701 | +€1.4m | +203.8% |
| Stocks and contracts in progress | 3 | €550,000 | €1,906,270 | +€1.4m | +246.6% |
| Stocks | 30/36 | €550,000 | €1,906,270 | +€1.4m | +246.6% |
| Amounts receivable within one year | 40/41 | - | €108,256 | +€108,256 | |
| Trade receivables | 40 | - | €108,256 | +€108,256 | |
| Cash at bank and in hand | 54/58 | €113,593 | €7,593 | -€106,000 | -93.3% |
| Deferred charges and accrued income | 490/1 | €5,501 | €10,582 | +€5,081 | +92.4% |
| Total equity and liabilities | 10/49 | €733,966 | €2,127,446 | +€1.4m | +189.9% |
| Equity | 10/15 | €194,059 | €143,014 | -€51,045 | -26.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,059 | €88,014 | -€51,045 | -36.7% |
| Amounts payable | 17/49 | €539,907 | €1,984,432 | +€1.4m | +267.6% |
| Amounts payable within one year | 42/48 | €539,907 | €1,984,432 | +€1.4m | +267.6% |
| Financial debts | 43 | - | €1,128,230 | +€1.1m | |
| Credit institutions | 430/8 | - | €1,128,230 | +€1.1m | |
| Trade debts | 44 | €524,819 | €46,320 | -€478,498 | -91.2% |
| Suppliers | 440/4 | €524,819 | €46,320 | -€478,498 | -91.2% |
| Taxes, remuneration and social security | 45 | €5,227 | €15,709 | +€10,483 | +200.6% |
| Taxes | 450/3 | €2,727 | €11,328 | +€8,601 | +315.5% |
| Remuneration and social security | 454/9 | €2,500 | €4,381 | +€1,881 | +75.3% |
| Other amounts payable | 47/48 | €9,862 | €794,171 | +€784,310 | +7953.1% |
| Remuneration, social security and pensions | 62 | - | €22,845 | +€22,845 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,360 | €17,182 | +€1,823 | +11.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,000 | - | +€1,000 | |
| Other operating charges | 640/8 | €4,662 | €4,263 | -€399 | -8.5% |
| Gross operating margin | 9900 | -€24,773 | €8,597 | +€33,369 | |
| Operating profit (loss) | 9901 | -€43,794 | -€35,694 | +€8,101 | +18.5% |
| Financial charges | 65/66B | €2,817 | €14,291 | +€11,473 | +407.2% |
| Recurring financial charges | 65 | €2,817 | €14,291 | +€11,473 | +407.2% |
| Profit (loss) for the period before taxes | 9903 | -€46,612 | -€49,984 | -€3,373 | -7.2% |
| Income taxes | 67/77 | €737 | €1,060 | +€324 | +43.9% |
| Profit (loss) for the period | 9904 | -€47,348 | -€51,045 | -€3,696 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,348 | -€51,045 | -€3,696 | -7.8% |
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 7 October 2026 via checked.be.