MIDUNIA: 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.
MIDUNIA
Largest movements
- Cash +€67,338
up €67,338 (+242%), from €27,834 to €95,172
mainly Receivables within one year (+€35,000) and Net result for the year (+€28,544)
- Receivables within one year -€35,000
down €35,000 (-53.1%), from €65,930 to €30,929
of which Trade receivables: -€35,530
- Tangible fixed assets -€10,927
down €10,927 (-3.0%), from €358,790 to €347,863
of which Land and buildings: -€11,242
- Reserves +€27,711
up €27,711 (+18.0%), from €153,726 to €181,437
- Debts after one year -€13,854
down €13,854 (-5.8%), from €240,754 to €226,899
- Gross operating margin -€30,983
down €30,983 (-32.8%), from €94,417 to €63,433
- Other operating charges -€5,345
down €5,345 (-82.8%), from €6,457 to €1,111
- Financial charges -€1,527
down €1,527 (-31.2%), from €4,900 to €3,373
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 | €455,003 | €476,234 | +€21,231 | +4.7% |
| Fixed assets | 21/28 | €358,790 | €347,863 | -€10,927 | -3.0% |
| Tangible fixed assets | 22/27 | €358,790 | €347,863 | -€10,927 | -3.0% |
| Land and buildings | 22 | €356,956 | €345,714 | -€11,242 | -3.1% |
| Furniture and vehicles | 24 | €1,835 | €2,150 | +€315 | +17.2% |
| Current assets | 29/58 | €96,213 | €128,371 | +€32,158 | +33.4% |
| Amounts receivable within one year | 40/41 | €65,930 | €30,929 | -€35,000 | -53.1% |
| Trade receivables | 40 | €62,125 | €26,595 | -€35,530 | -57.2% |
| Other amounts receivable | 41 | €3,805 | €4,335 | +€530 | +13.9% |
| Cash at bank and in hand | 54/58 | €27,834 | €95,172 | +€67,338 | +242% |
| Deferred charges and accrued income | 490/1 | €2,449 | €2,270 | -€180 | -7.3% |
| Total equity and liabilities | 10/49 | €455,003 | €476,234 | +€21,231 | +4.7% |
| Equity | 10/15 | €172,326 | €200,037 | +€27,711 | +16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153,726 | €181,437 | +€27,711 | +18.0% |
| Distributable reserves | 133 | €153,726 | €181,437 | +€27,711 | +18.0% |
| Amounts payable | 17/49 | €282,677 | €276,197 | -€6,480 | -2.3% |
| Amounts payable after more than one year | 17 | €240,754 | €226,899 | -€13,854 | -5.8% |
| Financial debts | 170/4 | €240,754 | €226,899 | -€13,854 | -5.8% |
| Amounts payable within one year | 42/48 | €39,976 | €43,670 | +€3,695 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €13,695 | €15,002 | +€1,307 | +9.5% |
| Trade debts | 44 | €6,337 | €6,065 | -€272 | -4.3% |
| Suppliers | 440/4 | €6,337 | €6,065 | -€272 | -4.3% |
| Taxes, remuneration and social security | 45 | €19,111 | €21,771 | +€2,660 | +13.9% |
| Taxes | 450/3 | €19,111 | €16,752 | -€2,359 | -12.3% |
| Remuneration and social security | 454/9 | - | €5,019 | +€5,019 | |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,948 | €5,627 | +€3,679 | +189% |
| Non-recurring operating income | 76A | €10,692 | - | -€10,692 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,236 | €12,400 | +€164 | +1.3% |
| Other operating charges | 640/8 | €6,457 | €1,111 | -€5,345 | -82.8% |
| Gross operating margin | 9900 | €94,417 | €63,433 | -€30,983 | -32.8% |
| Operating profit (loss) | 9901 | €75,724 | €49,922 | -€25,802 | -34.1% |
| Financial income | 75/76B | €832 | €508 | -€324 | -38.9% |
| Recurring financial income | 75 | €832 | €508 | -€324 | -38.9% |
| Financial charges | 65/66B | €4,900 | €3,373 | -€1,527 | -31.2% |
| Recurring financial charges | 65 | €4,900 | €3,373 | -€1,527 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €71,656 | €47,057 | -€24,599 | -34.3% |
| Income taxes | 67/77 | €19,026 | €18,513 | -€513 | -2.7% |
| Profit (loss) for the period | 9904 | €52,630 | €28,544 | -€24,085 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,630 | €28,544 | -€24,085 | -45.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.