MIDI MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€179,414
down €179,414 (-96.8%), from €185,411 to €5,996
mainly Debts after one year (-€229,700) and Current portion of long-term debt (-€48,472)
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Tangible fixed assets -€26,822
down €26,822 (-8.5%), from €314,622 to €287,799
of which Land and buildings: -€26,174
- Receivables within one year -€14,020
down €14,020 (-13.6%), from €103,448 to €89,428
of which Other amounts receivable: -€14,020
- Debts after one year -€229,700
down €229,700 (-100.0%), from €229,700 to €0
- Current portion of long-term debt -€48,472
down €48,472 (-100.0%), from €48,472 to €0
- Profit (loss) carried forward -€43,197
down €43,197 (-27.0%), from -€159,767 to -€202,965
- Financial charges -€287,088
down €287,088 (-96.3%), from €298,177 to €11,090
- Gross operating margin -€155,322
down €155,322, from €147,342 to -€7,980
- Taxes -€11,966
down €11,966, from €10,699 to -€1,267
- Financial income +€4,715
up €4,715 (+313.4%), from €1,505 to €6,220
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 | €705,159 | €383,826 | -€321,334 | -45.6% |
| Fixed assets | 21/28 | €314,622 | €287,799 | -€26,822 | -8.5% |
| Tangible fixed assets | 22/27 | €314,622 | €287,799 | -€26,822 | -8.5% |
| Land and buildings | 22 | €302,336 | €276,162 | -€26,174 | -8.7% |
| Plant, machinery and equipment | 23 | €57 | €1,720 | +€1,664 | +2938.9% |
| Furniture and vehicles | 24 | €12,229 | €9,917 | -€2,312 | -18.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €390,538 | €96,026 | -€294,511 | -75.4% |
| Amounts receivable within one year | 40/41 | €103,448 | €89,428 | -€14,020 | -13.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €103,448 | €89,428 | -€14,020 | -13.6% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €185,411 | €5,996 | -€179,414 | -96.8% |
| Deferred charges and accrued income | 490/1 | €1,678 | €601 | -€1,077 | -64.2% |
| Total equity and liabilities | 10/49 | €705,159 | €383,826 | -€321,334 | -45.6% |
| Equity | 10/15 | €256,787 | €213,590 | -€43,197 | -16.8% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €354,054 | €354,054 | = | 0.0% |
| Distributable reserves | 133 | €354,054 | €354,054 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,767 | -€202,965 | -€43,197 | -27.0% |
| Amounts payable | 17/49 | €448,372 | €170,236 | -€278,136 | -62.0% |
| Amounts payable after more than one year | 17 | €229,700 | €0 | -€229,700 | -100.0% |
| Financial debts | 170/4 | €229,700 | €0 | -€229,700 | -100.0% |
| Amounts payable within one year | 42/48 | €218,672 | €170,236 | -€48,436 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €48,472 | €0 | -€48,472 | -100.0% |
| Taxes, remuneration and social security | 45 | €200 | €236 | +€36 | +17.9% |
| Taxes | 450/3 | €200 | €236 | +€36 | +17.9% |
| Other amounts payable | 47/48 | €170,000 | €170,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,284 | €28,671 | -€613 | -2.1% |
| Other operating charges | 640/8 | €4,134 | €2,943 | -€1,191 | -28.8% |
| Gross operating margin | 9900 | €147,342 | -€7,980 | -€155,322 | |
| Operating profit (loss) | 9901 | €113,924 | -€39,594 | -€153,518 | |
| Financial income | 75/76B | €1,505 | €6,220 | +€4,715 | +313.4% |
| Recurring financial income | 75 | €1,505 | €6,220 | +€4,715 | +313.4% |
| Financial charges | 65/66B | €298,177 | €11,090 | -€287,088 | -96.3% |
| Recurring financial charges | 65 | €298,177 | €11,090 | -€287,088 | -96.3% |
| Profit (loss) for the period before taxes | 9903 | -€182,749 | -€44,464 | +€138,285 | +75.7% |
| Income taxes | 67/77 | €10,699 | -€1,267 | -€11,966 | |
| Profit (loss) for the period | 9904 | -€193,449 | -€43,197 | +€150,252 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€193,449 | -€43,197 | +€150,252 | +77.7% |
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 3 October 2026 via checked.be.