MIDMHA: 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.
MIDMHA
Largest movements
- Intangible fixed assets -€27,300
down €27,300 (-18.5%), from €147,838 to €120,538
- Cash +€23,146
up €23,146 (+17.8%), from €130,072 to €153,218
mainly Net result for the year (+€45,527) and Depreciation (+€38,386)
- Receivables within one year -€4,579
down €4,579 (-41.9%), from €10,922 to €6,342
- Debts after one year -€29,587
down €29,587 (-33.0%), from €89,636 to €60,049
- Tax, wage and social debts +€16,285
up €16,285 (+22.4%), from €72,577 to €88,862
of which Remuneration and social security: +€9,983
- Current portion of long-term debt -€12,208
down €12,208 (-29.2%), from €41,795 to €29,587
- Profit (loss) carried forward +€10,549
up €10,549 (+30.2%), from €34,977 to €45,527
- Trade debts +€7,662
up €7,662 (+9.0%), from €85,583 to €93,245
- Gross operating margin +€55,467
up €55,467 (+11.0%), from €502,695 to €558,162
- Staff costs +€52,591
up €52,591 (+12.8%), from €410,226 to €462,817
- Financial income +€6,281
new in 2025: €6,281
of which Financial income: +€6,281
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 | €361,303 | €351,345 | -€9,958 | -2.8% |
| Fixed assets | 21/28 | €169,267 | €138,583 | -€30,683 | -18.1% |
| Intangible fixed assets | 21 | €147,838 | €120,538 | -€27,300 | -18.5% |
| Tangible fixed assets | 22/27 | €21,429 | €18,046 | -€3,383 | -15.8% |
| Plant, machinery and equipment | 23 | €21,429 | €18,046 | -€3,383 | -15.8% |
| Current assets | 29/58 | €192,036 | €212,762 | +€20,725 | +10.8% |
| Stocks and contracts in progress | 3 | €47,988 | €50,632 | +€2,644 | +5.5% |
| Stocks | 30/36 | €47,988 | €50,632 | +€2,644 | +5.5% |
| Amounts receivable within one year | 40/41 | €10,922 | €6,342 | -€4,579 | -41.9% |
| Trade receivables | 40 | €10,922 | €6,342 | -€4,579 | -41.9% |
| Cash at bank and in hand | 54/58 | €130,072 | €153,218 | +€23,146 | +17.8% |
| Deferred charges and accrued income | 490/1 | €3,054 | €2,569 | -€485 | -15.9% |
| Total equity and liabilities | 10/49 | €361,303 | €351,345 | -€9,958 | -2.8% |
| Equity | 10/15 | €64,977 | €75,527 | +€10,549 | +16.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,977 | €45,527 | +€10,549 | +30.2% |
| Amounts payable | 17/49 | €296,326 | €275,818 | -€20,507 | -6.9% |
| Amounts payable after more than one year | 17 | €89,636 | €60,049 | -€29,587 | -33.0% |
| Financial debts | 170/4 | €89,636 | €60,049 | -€29,587 | -33.0% |
| Amounts payable within one year | 42/48 | €204,429 | €215,016 | +€10,586 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €41,795 | €29,587 | -€12,208 | -29.2% |
| Trade debts | 44 | €85,583 | €93,245 | +€7,662 | +9.0% |
| Suppliers | 440/4 | €85,583 | €93,245 | +€7,662 | +9.0% |
| Advances received on contracts in progress | 46 | €4,474 | €3,322 | -€1,153 | -25.8% |
| Taxes, remuneration and social security | 45 | €72,577 | €88,862 | +€16,285 | +22.4% |
| Taxes | 450/3 | €49,753 | €56,055 | +€6,302 | +12.7% |
| Remuneration and social security | 454/9 | €22,825 | €32,807 | +€9,983 | +43.7% |
| Accrued charges and deferred income | 492/3 | €2,260 | €753 | -€1,507 | -66.7% |
| Remuneration, social security and pensions | 62 | €410,226 | €462,817 | +€52,591 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,447 | €38,386 | -€2,061 | -5.1% |
| Other operating charges | 640/8 | €2,566 | €4,666 | +€2,100 | +81.9% |
| Gross operating margin | 9900 | €502,695 | €558,162 | +€55,467 | +11.0% |
| Operating profit (loss) | 9901 | €49,457 | €52,294 | +€2,837 | +5.7% |
| Financial income | 75/76B | - | €6,281 | +€6,281 | |
| Recurring financial income | 75 | - | €6,281 | +€6,281 | |
| Non-recurring financial income | 76B | - | €6,281 | +€6,281 | |
| Financial charges | 65/66B | €5,638 | €5,995 | +€357 | +6.3% |
| Recurring financial charges | 65 | €5,638 | €5,995 | +€357 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €43,819 | €52,580 | +€8,761 | +20.0% |
| Income taxes | 67/77 | €8,842 | €7,053 | -€1,789 | -20.2% |
| Profit (loss) for the period | 9904 | €34,977 | €45,527 | +€10,549 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,977 | €45,527 | +€10,549 | +30.2% |
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.