MIDNIGHTCOFFEE: 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.
MIDNIGHTCOFFEE
Largest movements
- Cash -€221,667
down €221,667 (-84.9%), from €261,104 to €39,438
mainly Short-term financial debts (-€444,017) and Accrued charges and deferred income (-€223,206)
- Receivables after one year -€207,155
no longer reported in 2025 (was €207,155)
- Tangible fixed assets -€201,701
down €201,701 (-23.4%), from €860,728 to €659,027
of which Assets under construction and advance payments: -€230,638
- Receivables within one year +€86,852
up €86,852 (+47.4%), from €183,090 to €269,942
of which Trade receivables: +€106,983
- Short-term financial debts -€444,017
no longer reported in 2025 (was €444,017)
- Accrued charges and deferred income -€223,206
down €223,206 (-35.0%), from €637,109 to €413,903
- Reserves +€121,287
up €121,287 (+36.3%), from €333,828 to €455,114
of which Tax-exempt reserves: +€119,056
- Provisions +€39,685
new in 2025: €39,685
- Other debts +€35,019
new in 2025: €35,019
- Gross operating margin +€116,791
up €116,791 (+56.5%), from €206,819 to €323,610
- Staff costs +€49,358
up €49,358 (+84.3%), from €58,556 to €107,914
- Taxes -€19,966
down €19,966 (-84.2%), from €23,709 to €3,742
- Depreciation -€15,918
down €15,918 (-46.2%), from €34,465 to €18,547
- Financial charges +€11,346
up €11,346 (+51.8%), from €21,907 to €33,254
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.
Derived cash bridge
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 | €1,519,804 | €973,453 | -€546,351 | -35.9% |
| Fixed assets | 21/28 | €860,728 | €659,027 | -€201,701 | -23.4% |
| Tangible fixed assets | 22/27 | €860,728 | €659,027 | -€201,701 | -23.4% |
| Land and buildings | 22 | €621,643 | €626,365 | +€4,722 | +0.8% |
| Plant, machinery and equipment | 23 | €276 | €13,091 | +€12,815 | +4,642% |
| Furniture and vehicles | 24 | €8,172 | €19,572 | +€11,400 | +140% |
| Assets under construction and advance payments | 27 | €230,638 | - | -€230,638 | |
| Current assets | 29/58 | €659,076 | €314,425 | -€344,651 | -52.3% |
| Amounts receivable after more than one year | 29 | €207,155 | - | -€207,155 | |
| Other amounts receivable | 291 | €207,155 | - | -€207,155 | |
| Amounts receivable within one year | 40/41 | €183,090 | €269,942 | +€86,852 | +47.4% |
| Trade receivables | 40 | €159,314 | €266,298 | +€106,983 | +67.2% |
| Other amounts receivable | 41 | €23,776 | €3,645 | -€20,131 | -84.7% |
| Cash at bank and in hand | 54/58 | €261,104 | €39,438 | -€221,667 | -84.9% |
| Deferred charges and accrued income | 490/1 | €7,727 | €5,045 | -€2,682 | -34.7% |
| Total equity and liabilities | 10/49 | €1,519,804 | €973,453 | -€546,351 | -35.9% |
| Equity | 10/15 | €350,098 | €461,314 | +€111,216 | +31.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €333,828 | €455,114 | +€121,287 | +36.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | - | €119,056 | +€119,056 | |
| Distributable reserves | 133 | €331,968 | €336,058 | +€4,091 | +1.2% |
| Profit (loss) carried forward | 14 | €10,070 | - | -€10,070 | |
| Provisions and deferred taxes | 16 | - | €39,685 | +€39,685 | |
| Deferred taxes | 168 | - | €39,685 | +€39,685 | |
| Amounts payable | 17/49 | €1,169,706 | €472,453 | -€697,253 | -59.6% |
| Amounts payable after more than one year | 17 | €23,511 | - | -€23,511 | |
| Financial debts | 170/4 | €23,511 | - | -€23,511 | |
| Amounts payable within one year | 42/48 | €509,087 | €58,550 | -€450,536 | -88.5% |
| Current portion of amounts payable after more than one year | 42 | €22,914 | - | -€22,914 | |
| Financial debts | 43 | €444,017 | - | -€444,017 | |
| Credit institutions | 430/8 | €444,017 | - | -€444,017 | |
| Trade debts | 44 | €30,900 | €9,883 | -€21,017 | -68.0% |
| Suppliers | 440/4 | €30,900 | €9,883 | -€21,017 | -68.0% |
| Taxes, remuneration and social security | 45 | €11,255 | €13,648 | +€2,393 | +21.3% |
| Taxes | 450/3 | €5,291 | €783 | -€4,507 | -85.2% |
| Remuneration and social security | 454/9 | €5,964 | €12,864 | +€6,900 | +116% |
| Other amounts payable | 47/48 | - | €35,019 | +€35,019 | |
| Accrued charges and deferred income | 492/3 | €637,109 | €413,903 | -€223,206 | -35.0% |
| Non-recurring operating income | 76A | - | €241,094 | +€241,094 | |
| Remuneration, social security and pensions | 62 | €58,556 | €107,914 | +€49,358 | +84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,465 | €18,547 | -€15,918 | -46.2% |
| Other operating charges | 640/8 | €4,809 | €9,252 | +€4,443 | +92.4% |
| Gross operating margin | 9900 | €206,819 | €323,610 | +€116,791 | +56.5% |
| Operating profit (loss) | 9901 | €108,989 | €187,898 | +€78,908 | +72.4% |
| Financial income | 75/76B | €4,144 | €0 | -€4,144 | -100.0% |
| Recurring financial income | 75 | €4,144 | €0 | -€4,144 | -100.0% |
| Financial charges | 65/66B | €21,907 | €33,254 | +€11,346 | +51.8% |
| Recurring financial charges | 65 | €21,907 | €33,254 | +€11,346 | +51.8% |
| Profit (loss) for the period before taxes | 9903 | €91,226 | €154,644 | +€63,418 | +69.5% |
| Transfer from deferred taxes | 780 | - | €1,580 | +€1,580 | |
| Transfer to deferred taxes | 680 | - | €41,265 | +€41,265 | |
| Income taxes | 67/77 | €23,709 | €3,742 | -€19,966 | -84.2% |
| Profit (loss) for the period | 9904 | €67,517 | €111,216 | +€43,699 | +64.7% |
| Transfer from tax-exempt reserves | 789 | - | €4,739 | +€4,739 | |
| Transfer to tax-exempt reserves | 689 | - | €123,795 | +€123,795 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,517 | -€7,840 | -€75,357 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.