MIDORIZI: 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.
MIDORIZI
Largest movements
- Cash +€44,237
up €44,237 (+93.8%), from €47,185 to €91,422
mainly Net result for the year (+€38,235) and Tax, wage and social debts (+€8,053)
- Receivables within one year +€3,810
up €3,810 (+24.4%), from €15,639 to €19,450
of which Trade receivables: +€5,876
- Tangible fixed assets -€2,666
down €2,666 (-47.3%), from €5,642 to €2,976
- Reserves +€38,000
up €38,000 (+86.4%), from €44,000 to €82,000
- Tax, wage and social debts +€8,053
up €8,053 (+170%), from €4,745 to €12,798
of which Taxes: +€6,104
- Debts after one year -€2,160
down €2,160 (-79.9%), from €2,703 to €544
- Gross operating margin +€23,849
up €23,849 (+81.9%), from €29,103 to €52,952
- Taxes +€4,582
up €4,582 (+72.8%), from €6,294 to €10,876
- Other operating charges +€669
up €669 (+278%), from €240 to €909
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 | €69,647 | €114,531 | +€44,884 | +64.4% |
| Fixed assets | 21/28 | €5,642 | €2,976 | -€2,666 | -47.3% |
| Tangible fixed assets | 22/27 | €5,642 | €2,976 | -€2,666 | -47.3% |
| Furniture and vehicles | 24 | €5,642 | €2,976 | -€2,666 | -47.3% |
| Current assets | 29/58 | €64,005 | €111,555 | +€47,550 | +74.3% |
| Amounts receivable within one year | 40/41 | €15,639 | €19,450 | +€3,810 | +24.4% |
| Trade receivables | 40 | €10,845 | €16,721 | +€5,876 | +54.2% |
| Other amounts receivable | 41 | €4,795 | €2,729 | -€2,065 | -43.1% |
| Cash at bank and in hand | 54/58 | €47,185 | €91,422 | +€44,237 | +93.8% |
| Deferred charges and accrued income | 490/1 | €1,181 | €683 | -€498 | -42.1% |
| Total equity and liabilities | 10/49 | €69,647 | €114,531 | +€44,884 | +64.4% |
| Equity | 10/15 | €48,477 | €86,712 | +€38,235 | +78.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €44,000 | €82,000 | +€38,000 | +86.4% |
| Distributable reserves | 133 | €44,000 | €82,000 | +€38,000 | +86.4% |
| Profit (loss) carried forward | 14 | €977 | €1,212 | +€235 | +24.1% |
| Amounts payable | 17/49 | €21,170 | €27,819 | +€6,649 | +31.4% |
| Amounts payable after more than one year | 17 | €2,703 | €544 | -€2,160 | -79.9% |
| Financial debts | 170/4 | €2,703 | €544 | -€2,160 | -79.9% |
| Amounts payable within one year | 42/48 | €18,467 | €27,275 | +€8,808 | +47.7% |
| Current portion of amounts payable after more than one year | 42 | €2,137 | €2,341 | +€204 | +9.6% |
| Trade debts | 44 | €2,936 | €3,397 | +€462 | +15.7% |
| Suppliers | 440/4 | €2,936 | €3,397 | +€462 | +15.7% |
| Advances received on contracts in progress | 46 | - | €70 | +€70 | |
| Taxes, remuneration and social security | 45 | €4,745 | €12,798 | +€8,053 | +170% |
| Taxes | 450/3 | €4,745 | €10,849 | +€6,104 | +129% |
| Remuneration and social security | 454/9 | - | €1,949 | +€1,949 | |
| Other amounts payable | 47/48 | €8,650 | €8,669 | +€19 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,666 | €2,666 | = | 0.0% |
| Other operating charges | 640/8 | €240 | €909 | +€669 | +278% |
| Gross operating margin | 9900 | €29,103 | €52,952 | +€23,849 | +81.9% |
| Operating profit (loss) | 9901 | €26,196 | €49,376 | +€23,180 | +88.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €251 | €265 | +€14 | +5.8% |
| Recurring financial charges | 65 | €251 | €265 | +€14 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €25,946 | €49,111 | +€23,165 | +89.3% |
| Income taxes | 67/77 | €6,294 | €10,876 | +€4,582 | +72.8% |
| Profit (loss) for the period | 9904 | €19,652 | €38,235 | +€18,583 | +94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,652 | €38,235 | +€18,583 | +94.6% |
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 18 October 2026 via checked.be.