MIDI GSM: 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 GSM
Largest movements
- Stocks and contracts +€18,133
up €18,133 (+57.6%), from €31,455 to €49,588
- Receivables within one year -€4,850
no longer reported in 2025 (was €4,850)
- Cash +€697
up €697 (+11.1%), from €6,286 to €6,983
mainly Other debts (+€29,189) and Tax, wage and social debts (+€8,863)
- Other debts +€29,189
new in 2025: €29,189
- Short-term financial debts -€24,790
no longer reported in 2025 (was €24,790)
- Tax, wage and social debts +€8,863
up €8,863 (+124%), from €7,163 to €16,026
- Profit (loss) carried forward +€6,527
up €6,527 (+135%), from €4,829 to €11,357
- Trade debts -€5,809
no longer reported in 2025 (was €5,809)
- Turnover +€39,928
up €39,928 (+70.7%), from €56,492 to €96,420
- Gross operating margin +€29,772
up €29,772 (+423%), from €7,039 to €36,811
- Financial charges +€20,949
up €20,949 (+2,914%), from €719 to €21,668
- Purchases and services +€10,156
up €10,156 (+20.5%), from €49,453 to €59,609
- Staff costs +€7,125
up €7,125 (+478%), from €1,490 to €8,616
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 | €42,591 | €56,571 | +€13,980 | +32.8% |
| Current assets | 29/58 | €42,591 | €56,571 | +€13,980 | +32.8% |
| Stocks and contracts in progress | 3 | €31,455 | €49,588 | +€18,133 | +57.6% |
| Stocks | 30/36 | €31,455 | €49,588 | +€18,133 | +57.6% |
| Amounts receivable within one year | 40/41 | €4,850 | - | -€4,850 | |
| Other amounts receivable | 41 | €4,850 | - | -€4,850 | |
| Cash at bank and in hand | 54/58 | €6,286 | €6,983 | +€697 | +11.1% |
| Total equity and liabilities | 10/49 | €42,591 | €56,571 | +€13,980 | +32.8% |
| Equity | 10/15 | €4,829 | €11,357 | +€6,527 | +135% |
| Profit (loss) carried forward | 14 | €4,829 | €11,357 | +€6,527 | +135% |
| Amounts payable | 17/49 | €37,762 | €45,215 | +€7,453 | +19.7% |
| Amounts payable within one year | 42/48 | €37,762 | €45,215 | +€7,453 | +19.7% |
| Financial debts | 43 | €24,790 | - | -€24,790 | |
| Credit institutions | 430/8 | €24,790 | - | -€24,790 | |
| Trade debts | 44 | €5,809 | - | -€5,809 | |
| Suppliers | 440/4 | €5,809 | - | -€5,809 | |
| Taxes, remuneration and social security | 45 | €7,163 | €16,026 | +€8,863 | +124% |
| Taxes | 450/3 | €7,163 | €16,026 | +€8,863 | +124% |
| Other amounts payable | 47/48 | - | €29,189 | +€29,189 | |
| Turnover | 70 | €56,492 | €96,420 | +€39,928 | +70.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €49,453 | €59,609 | +€10,156 | +20.5% |
| Remuneration, social security and pensions | 62 | €1,490 | €8,616 | +€7,125 | +478% |
| Gross operating margin | 9900 | €7,039 | €36,811 | +€29,772 | +423% |
| Operating profit (loss) | 9901 | €5,548 | €28,195 | +€22,647 | +408% |
| Financial charges | 65/66B | €719 | €21,668 | +€20,949 | +2,914% |
| Recurring financial charges | 65 | €719 | €21,668 | +€20,949 | +2,914% |
| Profit (loss) for the period before taxes | 9903 | €4,829 | €6,527 | +€1,698 | +35.2% |
| Profit (loss) for the period | 9904 | €4,829 | €6,527 | +€1,698 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,829 | €6,527 | +€1,698 | +35.2% |
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 26 October 2026 via checked.be.