miDiagnostics: 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.
What changed
miDiagnostics
NACE 72.109, Other research and development on natural sciences
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€12.6m
2024 · -€18.6m+€6.0m
Equity
-€10.6m
2024 · €2.0m-€12.6m
Cash
€652,998
2024 · €8.9m-€8.2m
Balance sheet total
€11.6m
2024 · €27.2m-€15.6m
Largest movements
Assets
- Cash -€8.2m
down €8.2m (-92.6%), from €8.9m to €652,998
mainly Net result for the year (-€12.6m) and Investment in fixed assets (net) (-€11.9m)
- Intangible fixed assets -€3.4m
down €3.4m (-51.0%), from €6.6m to €3.3m
- Tangible fixed assets -€2.3m
down €2.3m (-57.9%), from €3.9m to €1.7m
of which Plant, machinery and equipment: -€2.1m
- Stocks and contracts -€1.7m
down €1.7m (-98.2%), from €1.8m to €32,782
Equity and liabilities
- Contributions -€18.6m
down €18.6m (-90.3%), from €20.6m to €2.0m
- Profit (loss) carried forward +€6.0m
up €6.0m (+32.2%), from -€18.6m to -€12.6m
- Accrued charges and deferred income -€5.2m
down €5.2m (-95.0%), from €5.4m to €271,222
- Short-term financial debts +€2.5m
up €2.5m, from €0 to €2.5m
- Tax, wage and social debts -€706,233
down €706,233 (-45.6%), from €1.5m to €841,351
of which Taxes: -€735,099
Income statement
- Other operating income +€4.8m
up €4.8m (+46.7%), from €10.2m to €15.0m
- Services and other goods -€4.1m
down €4.1m (-33.1%), from €12.5m to €8.3m
- Write-downs +€3.7m
up €3.7m, from -€1.2m to €2.5m
- Depreciation -€2.6m
down €2.6m (-12.9%), from €20.2m to €17.6m
- Staff costs -€857,714
down €857,714 (-13.3%), from €6.5m to €5.6m
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.
Result 2024
-€18.6m
Turnover
+€10,467
Other operating income
+€4.8m
Goods and materials
+€476,626
Services and other goods
+€4.1m
Staff costs
+€857,714
Depreciation
+€2.6m
Write-downs
-€3.7m
Other operating charges
+€5,866
Other operating items
-€3.7m
Financial income
+€13,321
Financial charges
+€502,538
Taxes
+€25,242
Result 2025
-€12.6m
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.
From operations
+€1.2m
Investment
-€11.9m
Financing
+€2.5m
Cash 2024
€8.9m
From operations (derived)
+€1.2m
Net result for the year
-€12.6m
Depreciation
+€17.6m
Receivables after one year
-€244,405
Stocks and contracts
+€1.7m
Receivables within one year
+€149,673
Deferred charges and accrued income
+€39,939
Trade debts
+€395,581
Tax, wage and social debts
-€706,233
Accrued charges and deferred income
-€5.2m
Investment (derived)
-€11.9m
Investment in fixed assets (net)
-€11.9m
Financing
+€2.5m
Short-term financial debts
+€2.5m
Cash 2025
€652,998
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,180,449 | €11,603,363 | -€15.6m | -57.3% |
| Fixed assets | 21/28 | €10,577,906 | €4,907,606 | -€5.7m | -53.6% |
| Intangible fixed assets | 21 | €6,639,012 | €3,251,934 | -€3.4m | -51.0% |
| Tangible fixed assets | 22/27 | €3,932,394 | €1,655,672 | -€2.3m | -57.9% |
| Plant, machinery and equipment | 23 | €3,260,035 | €1,155,390 | -€2.1m | -64.6% |
| Furniture and vehicles | 24 | €52,627 | €99,854 | +€47,227 | +89.7% |
| Leasing and similar rights | 25 | €54,984 | €0 | -€54,984 | -100.0% |
| Other tangible fixed assets | 26 | €477,453 | €400,428 | -€77,025 | -16.1% |
| Assets under construction and advance payments | 27 | €87,296 | €0 | -€87,296 | -100.0% |
| Financial fixed assets | 28 | €6,500 | €0 | -€6,500 | -100.0% |
| Other financial fixed assets | 284/8 | €6,500 | €0 | -€6,500 | -100.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,500 | €0 | -€6,500 | -100.0% |
| Current assets | 29/58 | €16,602,544 | €6,695,757 | -€9.9m | -59.7% |
| Amounts receivable after more than one year | 29 | €3,896,062 | €4,140,467 | +€244,405 | +6.3% |
| Other amounts receivable | 291 | €3,896,062 | €4,140,467 | +€244,405 | +6.3% |
| Stocks and contracts in progress | 3 | €1,775,239 | €32,782 | -€1.7m | -98.2% |
| Stocks | 30/36 | €1,775,239 | €32,782 | -€1.7m | -98.2% |
| Raw materials and consumables | 30/31 | €1,148,496 | €24,834 | -€1.1m | -97.8% |
| Work in progress | 32 | €155,195 | €1,503 | -€153,692 | -99.0% |
| Finished goods | 33 | €471,547 | €6,445 | -€465,102 | -98.6% |
| Amounts receivable within one year | 40/41 | €1,839,864 | €1,690,191 | -€149,673 | -8.1% |
| Trade receivables | 40 | €1,132,846 | €110,663 | -€1.0m | -90.2% |
| Other amounts receivable | 41 | €707,018 | €1,579,529 | +€872,511 | +123.4% |
| Cash at bank and in hand | 54/58 | €8,872,121 | €652,998 | -€8.2m | -92.6% |
| Deferred charges and accrued income | 490/1 | €219,258 | €179,319 | -€39,939 | -18.2% |
| Total equity and liabilities | 10/49 | €27,180,449 | €11,603,363 | -€15.6m | -57.3% |
| Equity | 10/15 | €1,994,397 | -€10,600,721 | -€12.6m | |
| Contributions | 10/11 | €20,566,927 | €1,994,397 | -€18.6m | -90.3% |
| Capital | 10 | €20,566,927 | €1,994,397 | -€18.6m | -90.3% |
| Issued capital | 100 | €20,566,927 | €1,994,397 | -€18.6m | -90.3% |
| Profit (loss) carried forward | 14 | -€18,572,530 | -€12,595,117 | +€6.0m | +32.2% |
| Amounts payable | 17/49 | €25,186,053 | €22,204,084 | -€3.0m | -11.8% |
| Amounts payable after more than one year | 17 | €16,000,000 | €16,000,000 | = | 0.0% |
| Financial debts | 170/4 | €16,000,000 | €16,000,000 | = | 0.0% |
| Credit institutions | 173 | €16,000,000 | €16,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,743,514 | €5,932,862 | +€2.2m | +58.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €2,500,000 | +€2.5m | |
| Credit institutions | 430/8 | €0 | €2,500,000 | +€2.5m | |
| Trade debts | 44 | €2,195,929 | €2,591,510 | +€395,581 | +18.0% |
| Suppliers | 440/4 | €2,195,929 | €2,591,510 | +€395,581 | +18.0% |
| Taxes, remuneration and social security | 45 | €1,547,584 | €841,351 | -€706,233 | -45.6% |
| Taxes | 450/3 | €831,180 | €96,081 | -€735,099 | -88.4% |
| Remuneration and social security | 454/9 | €716,405 | €745,270 | +€28,866 | +4.0% |
| Accrued charges and deferred income | 492/3 | €5,442,539 | €271,222 | -€5.2m | -95.0% |
| Operating income | 70/76A | €25,772,141 | €28,163,947 | +€2.4m | +9.3% |
| Turnover | 70 | €14,467 | €24,934 | +€10,467 | +72.4% |
| Own construction capitalised | 72 | €15,521,370 | €13,115,458 | -€2.4m | -15.5% |
| Other operating income | 74 | €10,236,304 | €15,017,054 | +€4.8m | +46.7% |
| Non-recurring operating income | 76A | - | €6,500 | +€6,500 | |
| Operating charges | 60/66A | €44,372,593 | €41,328,088 | -€3.0m | -6.9% |
| Goods for resale, raw materials and consumables | 60 | €6,435,314 | €5,958,688 | -€476,626 | -7.4% |
| Purchases | 600/8 | €4,617,192 | €6,600,501 | +€2.0m | +43.0% |
| Change in stocks: decrease (increase) | 609 | €1,818,121 | -€641,813 | -€2.5m | |
| Services and other goods | 61 | €12,458,196 | €8,337,163 | -€4.1m | -33.1% |
| Remuneration, social security and pensions | 62 | €6,457,445 | €5,599,732 | -€857,714 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,206,168 | €17,589,983 | -€2.6m | -12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,200,711 | €2,492,867 | +€3.7m | |
| Other operating charges | 640/8 | €16,181 | €10,315 | -€5,866 | -36.3% |
| Non-recurring operating charges | 66A | €0 | €1,339,340 | +€1.3m | |
| Operating profit (loss) | 9901 | -€18,600,452 | -€13,164,140 | +€5.4m | +29.2% |
| Financial income | 75/76B | €8,221 | €21,542 | +€13,321 | +162.0% |
| Recurring financial income | 75 | €8,221 | €21,542 | +€13,321 | +162.0% |
| Other financial income | 752/9 | €8,221 | €21,542 | +€13,321 | +162.0% |
| Financial charges | 65/66B | €765,004 | €262,466 | -€502,538 | -65.7% |
| Recurring financial charges | 65 | €765,004 | €262,466 | -€502,538 | -65.7% |
| Debt charges | 650 | €660,238 | €106,812 | -€553,426 | -83.8% |
| Other financial charges | 652/9 | €104,766 | €155,654 | +€50,888 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | -€19,357,235 | -€13,405,065 | +€6.0m | +30.7% |
| Income taxes | 67/77 | -€784,705 | -€809,947 | -€25,242 | -3.2% |
| Taxes | 670/3 | €29,457 | €3,521 | -€25,936 | -88.0% |
| Tax adjustments and reversals of tax provisions | 77 | €814,162 | €813,468 | -€694 | -0.1% |
| Profit (loss) for the period | 9904 | -€18,572,530 | -€12,595,117 | +€6.0m | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,572,530 | -€12,595,117 | +€6.0m | +32.2% |
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 9 October 2026 via checked.be.