MIDI: 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.
MIDI
Largest movements
- Stocks and contracts -€5,044
down €5,044 (-45.5%), from €11,088 to €6,044
- Cash -€4,950
down €4,950 (-53.1%), from €9,314 to €4,364
mainly Net result for the year (-€37,960) and Trade debts (-€8,308)
- Deferred charges and accrued income +€3,693
new in 2025: €3,693
- Tangible fixed assets +€3,601
up €3,601 (+41.9%), from €8,599 to €12,201
of which Plant, machinery and equipment: +€4,774
- Receivables within one year -€1,548
no longer reported in 2025 (was €1,548)
- Profit (loss) carried forward -€37,960
down €37,960 (-28.2%), from -€134,580 to -€172,539
- Debts after one year +€27,499
up €27,499 (+54.4%), from €50,528 to €78,026
of which Other amounts payable: +€31,921
- Tax, wage and social debts +€20,450
up €20,450 (+753.2%), from €2,715 to €23,165
of which Taxes: +€20,466
- Trade debts -€8,308
down €8,308 (-12.5%), from €66,297 to €57,988
- Current portion of long-term debt -€5,474
down €5,474 (-55.3%), from €9,896 to €4,423
- Gross operating margin -€6,210
down €6,210, from €1,073 to -€5,136
- Depreciation -€3,346
down €3,346 (-61.6%), from €5,434 to €2,089
- Staff costs -€2,314
down €2,314 (-10.2%), from €22,597 to €20,283
- Other operating charges -€2,289
down €2,289 (-32.1%), from €7,136 to €4,848
- Financial charges +€1,653
up €1,653 (+44.6%), from €3,706 to €5,359
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 | €31,198 | €27,405 | -€3,793 | -12.2% |
| Fixed assets | 21/28 | €9,249 | €13,304 | +€4,055 | +43.8% |
| Tangible fixed assets | 22/27 | €8,599 | €12,201 | +€3,601 | +41.9% |
| Plant, machinery and equipment | 23 | €2,830 | €7,604 | +€4,774 | +168.7% |
| Furniture and vehicles | 24 | €5,769 | €4,597 | -€1,173 | -20.3% |
| Financial fixed assets | 28 | €650 | €1,103 | +€453 | +69.8% |
| Current assets | 29/58 | €21,949 | €14,101 | -€7,848 | -35.8% |
| Stocks and contracts in progress | 3 | €11,088 | €6,044 | -€5,044 | -45.5% |
| Stocks | 30/36 | €11,088 | €6,044 | -€5,044 | -45.5% |
| Amounts receivable within one year | 40/41 | €1,548 | - | -€1,548 | |
| Trade receivables | 40 | €1,548 | - | -€1,548 | |
| Cash at bank and in hand | 54/58 | €9,314 | €4,364 | -€4,950 | -53.1% |
| Deferred charges and accrued income | 490/1 | - | €3,693 | +€3,693 | |
| Total equity and liabilities | 10/49 | €31,198 | €27,405 | -€3,793 | -12.2% |
| Equity | 10/15 | -€98,237 | -€136,197 | -€37,960 | -38.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €11,342 | €11,342 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €8,842 | €8,842 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,580 | -€172,539 | -€37,960 | -28.2% |
| Amounts payable | 17/49 | €129,436 | €163,602 | +€34,166 | +26.4% |
| Amounts payable after more than one year | 17 | €50,528 | €78,026 | +€27,499 | +54.4% |
| Financial debts | 170/4 | €4,423 | - | -€4,423 | |
| Other amounts payable | 178/9 | €46,105 | €78,026 | +€31,921 | +69.2% |
| Amounts payable within one year | 42/48 | €78,908 | €85,576 | +€6,668 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €9,896 | €4,423 | -€5,474 | -55.3% |
| Trade debts | 44 | €66,297 | €57,988 | -€8,308 | -12.5% |
| Suppliers | 440/4 | €66,297 | €57,988 | -€8,308 | -12.5% |
| Taxes, remuneration and social security | 45 | €2,715 | €23,165 | +€20,450 | +753.2% |
| Taxes | 450/3 | €2,511 | €22,977 | +€20,466 | +815.1% |
| Remuneration and social security | 454/9 | €204 | €188 | -€16 | -8.0% |
| Remuneration, social security and pensions | 62 | €22,597 | €20,283 | -€2,314 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,434 | €2,089 | -€3,346 | -61.6% |
| Other operating charges | 640/8 | €7,136 | €4,848 | -€2,289 | -32.1% |
| Gross operating margin | 9900 | €1,073 | -€5,136 | -€6,210 | |
| Operating profit (loss) | 9901 | -€34,094 | -€32,355 | +€1,739 | +5.1% |
| Financial income | 75/76B | €145 | - | -€145 | |
| Recurring financial income | 75 | €145 | - | -€145 | |
| Financial charges | 65/66B | €3,706 | €5,359 | +€1,653 | +44.6% |
| Recurring financial charges | 65 | €3,706 | €5,359 | +€1,653 | +44.6% |
| Profit (loss) for the period before taxes | 9903 | -€37,655 | -€37,714 | -€59 | -0.2% |
| Income taxes | 67/77 | €234 | €246 | +€12 | +5.1% |
| Profit (loss) for the period | 9904 | -€37,889 | -€37,960 | -€71 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,889 | -€37,960 | -€71 | -0.2% |
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 2 October 2026 via checked.be.