midi developpement: 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.
midi developpement
Largest movements
- Receivables within one year +€5.3m
up €5.3m (+2,528%), from €208,537 to €5.5m
of which Trade receivables: +€5.4m
- Stocks and contracts -€3.5m
no longer reported in 2025 (was €3.5m)
- Other debts -€2.6m
down €2.6m (-98.9%), from €2.6m to €28,506
- Debts after one year +€2.5m
new in 2025: €2.5m
- Current portion of long-term debt +€2.0m
new in 2025: €2.0m
- Trade debts -€135,292
down €135,292 (-44.6%), from €303,541 to €168,249
- Tax, wage and social debts -€105,170
no longer reported in 2025 (was €105,170)
- Financial income +€4.0m
new in 2025: €4.0m
of which Non-recurring financial income: +€3.5m
- Financial charges +€4.0m
up €4.0m (+1,479%), from €268,585 to €4.2m
of which Non-recurring financial charges: +€4.2m
- Gross operating margin +€1.5m
up €1.5m, from -€1.2m to €326,866
- Other operating charges -€14,411
down €14,411 (-68.2%), from €21,119 to €6,708
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 | €3,798,829 | €5,567,855 | +€1.8m | +46.6% |
| Fixed assets | 21/28 | €70,000 | €70,000 | = | 0.0% |
| Financial fixed assets | 28 | €70,000 | €70,000 | = | 0.0% |
| Current assets | 29/58 | €3,728,829 | €5,497,855 | +€1.8m | +47.4% |
| Stocks and contracts in progress | 3 | €3,468,148 | - | -€3.5m | |
| Contracts in progress | 37 | €3,468,148 | - | -€3.5m | |
| Amounts receivable within one year | 40/41 | €208,537 | €5,480,432 | +€5.3m | +2,528% |
| Trade receivables | 40 | - | €5,357,366 | +€5.4m | |
| Other amounts receivable | 41 | €208,537 | €123,066 | -€85,472 | -41.0% |
| Current investments | 50/53 | - | €1,605 | +€1,605 | |
| Cash at bank and in hand | 54/58 | €20,305 | €15,818 | -€4,487 | -22.1% |
| Deferred charges and accrued income | 490/1 | €31,839 | - | -€31,839 | |
| Total equity and liabilities | 10/49 | €3,798,829 | €5,567,855 | +€1.8m | +46.6% |
| Equity | 10/15 | €745,100 | €836,360 | +€91,260 | +12.2% |
| Contributions | 10/11 | €1,062,000 | €1,062,000 | = | 0.0% |
| Capital | 10 | €1,062,000 | €1,062,000 | = | 0.0% |
| Issued capital | 100 | €1,062,000 | €1,062,000 | = | 0.0% |
| Reserves | 13 | €73,775 | €73,775 | = | 0.0% |
| Non-distributable reserves | 130/1 | €73,775 | €73,775 | = | 0.0% |
| Legal reserve | 130 | €73,775 | €73,775 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€390,675 | -€299,415 | +€91,260 | +23.4% |
| Amounts payable | 17/49 | €3,053,729 | €4,731,495 | +€1.7m | +54.9% |
| Amounts payable after more than one year | 17 | - | €2,534,740 | +€2.5m | |
| Financial debts | 170/4 | - | €2,534,740 | +€2.5m | |
| Amounts payable within one year | 42/48 | €3,053,729 | €2,196,754 | -€856,975 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,000,000 | +€2.0m | |
| Trade debts | 44 | €303,541 | €168,249 | -€135,292 | -44.6% |
| Suppliers | 440/4 | €303,541 | €168,249 | -€135,292 | -44.6% |
| Taxes, remuneration and social security | 45 | €105,170 | - | -€105,170 | |
| Taxes | 450/3 | €105,170 | - | -€105,170 | |
| Other amounts payable | 47/48 | €2,645,018 | €28,506 | -€2.6m | -98.9% |
| Other operating charges | 640/8 | €21,119 | €6,708 | -€14,411 | -68.2% |
| Gross operating margin | 9900 | -€1,183,611 | €326,866 | +€1.5m | |
| Operating profit (loss) | 9901 | -€1,204,730 | €320,158 | +€1.5m | |
| Financial income | 75/76B | - | €4,011,382 | +€4.0m | |
| Recurring financial income | 75 | - | €511,382 | +€511,382 | |
| Non-recurring financial income | 76B | - | €3,500,000 | +€3.5m | |
| Financial charges | 65/66B | €268,585 | €4,240,279 | +€4.0m | +1,479% |
| Recurring financial charges | 65 | €268,585 | €4,240,279 | +€4.0m | +1,479% |
| Non-recurring financial charges | 66B | - | €4,240,279 | +€4.2m | |
| Profit (loss) for the period before taxes | 9903 | -€1,473,315 | €91,260 | +€1.6m | |
| Profit (loss) for the period | 9904 | -€1,473,315 | €91,260 | +€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,473,315 | €91,260 | +€1.6m |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.