MIDLINA: 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.
MIDLINA
Largest movements
- Cash -€21,645
down €21,645 (-90.9%), from €23,802 to €2,157
mainly Net result for the year (-€18,409) and Other debts (-€17,402)
- Receivables within one year -€18,652
down €18,652 (-11.4%), from €164,183 to €145,531
of which Trade receivables: -€22,412
- Other debts -€17,402
down €17,402 (-99.9%), from €17,413 to €12
- Profit (loss) carried forward -€15,940
down €15,940, from €0 to -€15,940
- Trade debts -€14,885
down €14,885 (-41.2%), from €36,092 to €21,207
- Tax, wage and social debts +€8,457
up €8,457 (+19.9%), from €42,492 to €50,949
of which Remuneration and social security: +€11,637
- Reserves -€2,469
down €2,469 (-2.4%), from €101,797 to €99,328
of which Distributable reserves: -€2,469
- Staff costs +€163,061
up €163,061 (+137%), from €119,435 to €282,497
- Gross operating margin +€148,630
up €148,630 (+114%), from €129,959 to €278,589
- Financial charges +€5,593
up €5,593 (+561%), from €998 to €6,590
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,382 | €162,155 | -€42,227 | -20.7% |
| Fixed assets | 21/28 | €5,538 | €5,564 | +€27 | +0.5% |
| Tangible fixed assets | 22/27 | €3,588 | €3,296 | -€291 | -8.1% |
| Furniture and vehicles | 24 | €3,588 | €3,296 | -€291 | -8.1% |
| Financial fixed assets | 28 | €1,950 | €2,268 | +€318 | +16.3% |
| Current assets | 29/58 | €198,844 | €156,590 | -€42,253 | -21.2% |
| Amounts receivable within one year | 40/41 | €164,183 | €145,531 | -€18,652 | -11.4% |
| Trade receivables | 40 | €162,459 | €140,047 | -€22,412 | -13.8% |
| Other amounts receivable | 41 | €1,724 | €5,484 | +€3,760 | +218% |
| Cash at bank and in hand | 54/58 | €23,802 | €2,157 | -€21,645 | -90.9% |
| Deferred charges and accrued income | 490/1 | €10,858 | €8,902 | -€1,956 | -18.0% |
| Total equity and liabilities | 10/49 | €204,382 | €162,155 | -€42,227 | -20.7% |
| Equity | 10/15 | €107,997 | €89,588 | -€18,409 | -17.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €101,797 | €99,328 | -€2,469 | -2.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €99,937 | €97,468 | -€2,469 | -2.5% |
| Profit (loss) carried forward | 14 | €0 | -€15,940 | -€15,940 | |
| Amounts payable | 17/49 | €96,385 | €72,567 | -€23,818 | -24.7% |
| Amounts payable within one year | 42/48 | €96,385 | €72,567 | -€23,818 | -24.7% |
| Financial debts | 43 | €387 | €399 | +€12 | +3.0% |
| Credit institutions | 430/8 | €387 | €399 | +€12 | +3.0% |
| Trade debts | 44 | €36,092 | €21,207 | -€14,885 | -41.2% |
| Suppliers | 440/4 | €36,092 | €21,207 | -€14,885 | -41.2% |
| Taxes, remuneration and social security | 45 | €42,492 | €50,949 | +€8,457 | +19.9% |
| Taxes | 450/3 | €18,088 | €14,908 | -€3,180 | -17.6% |
| Remuneration and social security | 454/9 | €24,404 | €36,041 | +€11,637 | +47.7% |
| Other amounts payable | 47/48 | €17,413 | €12 | -€17,402 | -99.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €119,435 | €282,497 | +€163,061 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,184 | €2,612 | +€1,428 | +121% |
| Other operating charges | 640/8 | €2,977 | €4,679 | +€1,703 | +57.2% |
| Gross operating margin | 9900 | €129,959 | €278,589 | +€148,630 | +114% |
| Operating profit (loss) | 9901 | €6,364 | -€11,199 | -€17,562 | |
| Financial income | 75/76B | €313 | €99 | -€214 | -68.4% |
| Recurring financial income | 75 | €313 | €99 | -€214 | -68.4% |
| Financial charges | 65/66B | €998 | €6,590 | +€5,593 | +561% |
| Recurring financial charges | 65 | €998 | €6,590 | +€5,593 | +561% |
| Profit (loss) for the period before taxes | 9903 | €5,679 | -€17,690 | -€23,369 | |
| Income taxes | 67/77 | €3,210 | €719 | -€2,491 | -77.6% |
| Profit (loss) for the period | 9904 | €2,469 | -€18,409 | -€20,878 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,469 | -€18,409 | -€20,878 |
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 13 October 2026 via checked.be.