MIDIM: 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.
MIDIM
Largest movements
- Financial fixed assets +€7.3m
up €7.3m (+122.5%), from €5.9m to €13.2m
- Receivables within one year +€1.3m
up €1.3m (+32829.3%), from €3,940 to €1.3m
of which Other amounts receivable: +€1.2m
- Debts after one year +€4.6m
up €4.6m, from €0 to €4.6m
of which Financial debts: +€3.9m
- Other debts +€3.0m
up €3.0m (+144.4%), from €2.1m to €5.0m
- Reserves +€600,000
up €600,000 (+15.7%), from €3.8m to €4.4m
- Current portion of long-term debt +€363,870
up €363,870, from €0 to €363,870
- Financial income +€1.8m
up €1.8m (+364.7%), from €497,312 to €2.3m
- Financial charges +€126,573
up €126,573 (+689.6%), from €18,353 to €144,927
- Gross operating margin -€46,606
down €46,606 (-68.8%), from €67,717 to €21,111
- Taxes -€12,060
down €12,060 (-100.0%), from €12,060 to €0
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 | €5,943,098 | €14,598,170 | +€8.7m | +145.6% |
| Fixed assets | 21/28 | €5,924,737 | €13,185,180 | +€7.3m | +122.5% |
| Financial fixed assets | 28 | €5,924,737 | €13,185,180 | +€7.3m | +122.5% |
| Current assets | 29/58 | €18,361 | €1,412,990 | +€1.4m | +7595.5% |
| Amounts receivable within one year | 40/41 | €3,940 | €1,297,425 | +€1.3m | +32829.3% |
| Trade receivables | 40 | - | €73,784 | +€73,784 | |
| Other amounts receivable | 41 | €3,940 | €1,223,641 | +€1.2m | +30956.6% |
| Cash at bank and in hand | 54/58 | €14,061 | €104,424 | +€90,362 | +642.6% |
| Deferred charges and accrued income | 490/1 | €360 | €11,142 | +€10,782 | +2994.9% |
| Total equity and liabilities | 10/49 | €5,943,098 | €14,598,170 | +€8.7m | +145.6% |
| Equity | 10/15 | €3,872,391 | €4,458,211 | +€585,820 | +15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,821,657 | €4,421,657 | +€600,000 | +15.7% |
| Distributable reserves | 133 | €3,821,657 | €4,421,657 | +€600,000 | +15.7% |
| Profit (loss) carried forward | 14 | €32,134 | €17,954 | -€14,180 | -44.1% |
| Amounts payable | 17/49 | €2,070,707 | €10,139,959 | +€8.1m | +389.7% |
| Amounts payable after more than one year | 17 | €0 | €4,570,678 | +€4.6m | |
| Financial debts | 170/4 | €0 | €3,900,678 | +€3.9m | |
| Other amounts payable | 178/9 | - | €670,000 | +€670,000 | |
| Amounts payable within one year | 42/48 | €2,056,715 | €5,485,276 | +€3.4m | +166.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | €363,870 | +€363,870 | |
| Trade debts | 44 | €1,117 | €63,116 | +€61,999 | +5548.0% |
| Suppliers | 440/4 | €1,117 | €63,116 | +€61,999 | +5548.0% |
| Advances received on contracts in progress | 46 | - | €37,813 | +€37,813 | |
| Taxes, remuneration and social security | 45 | €3,674 | €6,458 | +€2,783 | +75.8% |
| Taxes | 450/3 | €3,674 | €6,458 | +€2,783 | +75.8% |
| Other amounts payable | 47/48 | €2,051,924 | €5,014,020 | +€3.0m | +144.4% |
| Accrued charges and deferred income | 492/3 | €13,991 | €84,004 | +€70,013 | +500.4% |
| Other operating charges | 640/8 | €1,124 | €1,126 | +€3 | +0.3% |
| Gross operating margin | 9900 | €67,717 | €21,111 | -€46,606 | -68.8% |
| Operating profit (loss) | 9901 | €66,593 | €19,984 | -€46,609 | -70.0% |
| Financial income | 75/76B | €497,312 | €2,310,763 | +€1.8m | +364.7% |
| Recurring financial income | 75 | €497,312 | €2,310,763 | +€1.8m | +364.7% |
| Financial charges | 65/66B | €18,353 | €144,927 | +€126,573 | +689.6% |
| Recurring financial charges | 65 | €18,353 | €144,927 | +€126,573 | +689.6% |
| Profit (loss) for the period before taxes | 9903 | €545,552 | €2,185,820 | +€1.6m | +300.7% |
| Income taxes | 67/77 | €12,060 | €0 | -€12,060 | -100.0% |
| Profit (loss) for the period | 9904 | €533,492 | €2,185,820 | +€1.7m | +309.7% |
| Profit (loss) for the period to be appropriated | 9905 | €533,492 | €2,185,820 | +€1.7m | +309.7% |
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 8 October 2026 via checked.be.