Midico: 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.
Midico
Largest movements
- Receivables after one year +€45,000
up €45,000 (+300.0%), from €15,000 to €60,000
- Cash -€20,567
down €20,567 (-27.9%), from €73,845 to €53,278
mainly Contributions, distributions and other (-€99,619) and Receivables after one year (-€45,000)
- Tangible fixed assets +€17,402
up €17,402 (+740.0%), from €2,352 to €19,753
of which Other tangible fixed assets: +€18,096
- Receivables within one year -€6,703
down €6,703 (-23.6%), from €28,363 to €21,660
of which Trade receivables: -€4,210
- Other debts +€21,246
up €21,246 (+27.1%), from €78,373 to €99,619
- Accrued charges and deferred income +€11,334
up €11,334 (+2925.3%), from €387 to €11,721
- Trade debts +€8,442
up €8,442 (+215.5%), from €3,918 to €12,360
- Tax, wage and social debts -€5,880
down €5,880 (-41.0%), from €14,352 to €8,472
- Gross operating margin +€34,420
up €34,420 (+34.6%), from €99,526 to €133,946
- Taxes +€10,126
up €10,126 (+47.6%), from €21,270 to €31,396
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 | €119,748 | €154,890 | +€35,142 | +29.3% |
| Fixed assets | 21/28 | €2,352 | €19,753 | +€17,402 | +740.0% |
| Tangible fixed assets | 22/27 | €2,352 | €19,753 | +€17,402 | +740.0% |
| Furniture and vehicles | 24 | €984 | €290 | -€694 | -70.5% |
| Other tangible fixed assets | 26 | €1,368 | €19,464 | +€18,096 | +1322.8% |
| Current assets | 29/58 | €117,396 | €135,136 | +€17,740 | +15.1% |
| Amounts receivable after more than one year | 29 | €15,000 | €60,000 | +€45,000 | +300.0% |
| Other amounts receivable | 291 | €15,000 | €60,000 | +€45,000 | +300.0% |
| Amounts receivable within one year | 40/41 | €28,363 | €21,660 | -€6,703 | -23.6% |
| Trade receivables | 40 | €24,633 | €20,424 | -€4,210 | -17.1% |
| Other amounts receivable | 41 | €3,730 | €1,236 | -€2,494 | -66.9% |
| Cash at bank and in hand | 54/58 | €73,845 | €53,278 | -€20,567 | -27.9% |
| Deferred charges and accrued income | 490/1 | €187 | €198 | +€11 | +5.6% |
| Total equity and liabilities | 10/49 | €119,748 | €154,890 | +€35,142 | +29.3% |
| Equity | 10/15 | €18,550 | €18,550 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Amounts payable | 17/49 | €101,198 | €136,340 | +€35,142 | +34.7% |
| Amounts payable within one year | 42/48 | €100,810 | €124,618 | +€23,808 | +23.6% |
| Financial debts | 43 | €4,167 | €4,167 | = | 0.0% |
| Credit institutions | 430/8 | €4,167 | €4,167 | = | 0.0% |
| Trade debts | 44 | €3,918 | €12,360 | +€8,442 | +215.5% |
| Suppliers | 440/4 | €3,918 | €12,360 | +€8,442 | +215.5% |
| Taxes, remuneration and social security | 45 | €14,352 | €8,472 | -€5,880 | -41.0% |
| Taxes | 450/3 | €14,352 | €8,472 | -€5,880 | -41.0% |
| Other amounts payable | 47/48 | €78,373 | €99,619 | +€21,246 | +27.1% |
| Accrued charges and deferred income | 492/3 | €387 | €11,721 | +€11,334 | +2925.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,622 | €2,398 | +€776 | +47.8% |
| Other operating charges | 640/8 | €569 | €914 | +€345 | +60.6% |
| Gross operating margin | 9900 | €99,526 | €133,946 | +€34,420 | +34.6% |
| Operating profit (loss) | 9901 | €97,334 | €130,634 | +€33,299 | +34.2% |
| Financial income | 75/76B | €516 | €1,342 | +€826 | +160.3% |
| Recurring financial income | 75 | €516 | €1,342 | +€826 | +160.3% |
| Financial charges | 65/66B | €1,103 | €961 | -€142 | -12.9% |
| Recurring financial charges | 65 | €1,103 | €961 | -€142 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €96,747 | €131,015 | +€34,267 | +35.4% |
| Income taxes | 67/77 | €21,270 | €31,396 | +€10,126 | +47.6% |
| Profit (loss) for the period | 9904 | €75,477 | €99,619 | +€24,142 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,477 | €99,619 | +€24,142 | +32.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.