MIDRANTO: 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.
MIDRANTO
Largest movements
- Receivables after one year -€387,301
down €387,301 (-58.2%), from €665,340 to €278,039
- Receivables within one year -€24,008
down €24,008 (-13.3%), from €180,177 to €156,169
of which Other amounts receivable: -€64,596
- Contributions -€909,606
down €909,606 (-93.7%), from €971,106 to €61,500
- Other debts +€284,653
new in 2025: €284,653
- Debts after one year +€111,668
new in 2025: €111,668
- Reserves +€82,211
up €82,211 (+6.7%), from €1.2m to €1.3m
of which Distributable reserves: +€177,965
- Tax, wage and social debts -€62,405
down €62,405 (-54.8%), from €113,833 to €51,427
of which Taxes: -€62,887
- Gross operating margin +€91,620
up €91,620 (+75.2%), from €121,781 to €213,400
- Financial income -€81,146
down €81,146 (-87.6%), from €92,653 to €11,507
- Taxes +€20,830
up €20,830 (+57.1%), from €36,448 to €57,277
- Financial charges +€14,423
up €14,423 (+3,540%), from €407 to €14,830
- Depreciation -€3,947
down €3,947 (-18.1%), from €21,762 to €17,816
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 | €2,321,107 | €1,910,018 | -€411,089 | -17.7% |
| Fixed assets | 21/28 | €1,465,822 | €1,448,006 | -€17,816 | -1.2% |
| Intangible fixed assets | 21 | €9,885 | €872 | -€9,014 | -91.2% |
| Tangible fixed assets | 22/27 | €152,301 | €143,499 | -€8,802 | -5.8% |
| Other tangible fixed assets | 26 | €152,301 | €143,499 | -€8,802 | -5.8% |
| Financial fixed assets | 28 | €1,303,636 | €1,303,636 | = | 0.0% |
| Current assets | 29/58 | €855,285 | €462,011 | -€393,274 | -46.0% |
| Amounts receivable after more than one year | 29 | €665,340 | €278,039 | -€387,301 | -58.2% |
| Other amounts receivable | 291 | €665,340 | €278,039 | -€387,301 | -58.2% |
| Amounts receivable within one year | 40/41 | €180,177 | €156,169 | -€24,008 | -13.3% |
| Trade receivables | 40 | €115,581 | €156,169 | +€40,588 | +35.1% |
| Other amounts receivable | 41 | €64,596 | €0 | -€64,596 | -100% |
| Cash at bank and in hand | 54/58 | €2,257 | €16,295 | +€14,038 | +622% |
| Deferred charges and accrued income | 490/1 | €7,510 | €11,507 | +€3,997 | +53.2% |
| Total equity and liabilities | 10/49 | €2,321,107 | €1,910,018 | -€411,089 | -17.7% |
| Equity | 10/15 | €2,194,434 | €1,367,039 | -€827,395 | -37.7% |
| Contributions | 10/11 | €971,106 | €61,500 | -€909,606 | -93.7% |
| Capital | 10 | €971,106 | €61,500 | -€909,606 | -93.7% |
| Issued capital | 100 | €971,106 | €61,500 | -€909,606 | -93.7% |
| Reserves | 13 | €1,223,328 | €1,305,539 | +€82,211 | +6.7% |
| Non-distributable reserves | 130/1 | €101,904 | €6,150 | -€95,754 | -94.0% |
| Legal reserve | 130 | €101,904 | €6,150 | -€95,754 | -94.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,102,674 | €1,280,639 | +€177,965 | +16.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €126,673 | €542,979 | +€416,306 | +329% |
| Amounts payable after more than one year | 17 | - | €111,668 | +€111,668 | |
| Financial debts | 170/4 | - | €111,668 | +€111,668 | |
| Amounts payable within one year | 42/48 | €124,412 | €423,034 | +€298,622 | +240% |
| Current portion of amounts payable after more than one year | 42 | - | €33,592 | +€33,592 | |
| Financial debts | 43 | - | €45,932 | +€45,932 | |
| Credit institutions | 430/8 | - | €45,932 | +€45,932 | |
| Trade debts | 44 | €10,579 | €7,429 | -€3,150 | -29.8% |
| Suppliers | 440/4 | €10,579 | €7,429 | -€3,150 | -29.8% |
| Taxes, remuneration and social security | 45 | €113,833 | €51,427 | -€62,405 | -54.8% |
| Taxes | 450/3 | €113,833 | €50,946 | -€62,887 | -55.2% |
| Remuneration and social security | 454/9 | - | €482 | +€482 | |
| Other amounts payable | 47/48 | - | €284,653 | +€284,653 | |
| Accrued charges and deferred income | 492/3 | €2,261 | €8,277 | +€6,016 | +266% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,762 | €17,816 | -€3,947 | -18.1% |
| Other operating charges | 640/8 | €2,374 | €2,699 | +€325 | +13.7% |
| Gross operating margin | 9900 | €121,781 | €213,400 | +€91,620 | +75.2% |
| Operating profit (loss) | 9901 | €97,644 | €192,886 | +€95,242 | +97.5% |
| Financial income | 75/76B | €92,653 | €11,507 | -€81,146 | -87.6% |
| Recurring financial income | 75 | €92,653 | €11,507 | -€81,146 | -87.6% |
| Financial charges | 65/66B | €407 | €14,830 | +€14,423 | +3,540% |
| Recurring financial charges | 65 | €407 | €14,830 | +€14,423 | +3,540% |
| Profit (loss) for the period before taxes | 9903 | €189,889 | €189,563 | -€326 | -0.2% |
| Income taxes | 67/77 | €36,448 | €57,277 | +€20,830 | +57.1% |
| Profit (loss) for the period | 9904 | €153,442 | €132,286 | -€21,156 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €153,442 | €132,286 | -€21,156 | -13.8% |
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 14 October 2026 via checked.be.