MIDWAY: what changed
Two fiscal 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.
MIDWAY
Largest movements
- Receivables within one year +€24,073
up €24,073 (+158.6%), from €15,182 to €39,254
of which Other amounts receivable: +€28,073
- Cash -€12,070
down €12,070 (-83.6%), from €14,439 to €2,369
mainly Receivables within one year (-€24,073) and Deferred charges and accrued income (-€4,699)
- Receivables after one year -€6,084
down €6,084 (-9.0%), from €67,890 to €61,806
- Deferred charges and accrued income +€4,699
up €4,699 (+417.3%), from €1,126 to €5,825
- Tangible fixed assets -€2,115
down €2,115 (-21.7%), from €9,748 to €7,633
of which Other tangible fixed assets: -€1,500
- Reserves +€10,526
up €10,526 (+11.7%), from €90,295 to €100,820
- Other debts -€2,908
down €2,908 (-37.0%), from €7,869 to €4,961
- Trade debts +€1,909
up €1,909 (+74.8%), from €2,554 to €4,463
- Financial income +€3,434
up €3,434 (+305.0%), from €1,126 to €4,560
- Taxes +€1,499
up €1,499 (+43.9%), from €3,413 to €4,912
- Depreciation -€833
down €833 (-28.3%), from €2,948 to €2,115
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 | €108,384 | €116,887 | +€8,503 | +7.8% |
| Fixed assets | 21/28 | €9,748 | €7,633 | -€2,115 | -21.7% |
| Tangible fixed assets | 22/27 | €9,748 | €7,633 | -€2,115 | -21.7% |
| Plant, machinery and equipment | 23 | €1,232 | €672 | -€560 | -45.5% |
| Furniture and vehicles | 24 | €55 | €0 | -€55 | -100.0% |
| Other tangible fixed assets | 26 | €8,461 | €6,961 | -€1,500 | -17.7% |
| Current assets | 29/58 | €98,636 | €109,254 | +€10,618 | +10.8% |
| Amounts receivable after more than one year | 29 | €67,890 | €61,806 | -€6,084 | -9.0% |
| Other amounts receivable | 291 | €67,890 | €61,806 | -€6,084 | -9.0% |
| Amounts receivable within one year | 40/41 | €15,182 | €39,254 | +€24,073 | +158.6% |
| Trade receivables | 40 | €4,484 | €484 | -€4,000 | -89.2% |
| Other amounts receivable | 41 | €10,698 | €38,770 | +€28,073 | +262.4% |
| Cash at bank and in hand | 54/58 | €14,439 | €2,369 | -€12,070 | -83.6% |
| Deferred charges and accrued income | 490/1 | €1,126 | €5,825 | +€4,699 | +417.3% |
| Total equity and liabilities | 10/49 | €108,384 | €116,887 | +€8,503 | +7.8% |
| Equity | 10/15 | €93,418 | €103,944 | +€10,526 | +11.3% |
| Contributions | 10/11 | €2,460 | €2,460 | = | 0.0% |
| Reserves | 13 | €90,295 | €100,820 | +€10,526 | +11.7% |
| Distributable reserves | 133 | €90,295 | €100,820 | +€10,526 | +11.7% |
| Profit (loss) carried forward | 14 | €664 | €664 | = | 0.0% |
| Amounts payable | 17/49 | €14,966 | €12,943 | -€2,023 | -13.5% |
| Amounts payable within one year | 42/48 | €14,966 | €12,940 | -€2,026 | -13.5% |
| Financial debts | 43 | €2,369 | €2,360 | -€9 | -0.4% |
| Other loans | 439 | €2,369 | €2,360 | -€9 | -0.4% |
| Trade debts | 44 | €2,554 | €4,463 | +€1,909 | +74.8% |
| Suppliers | 440/4 | €2,554 | €4,463 | +€1,909 | +74.8% |
| Taxes, remuneration and social security | 45 | €2,175 | €1,157 | -€1,018 | -46.8% |
| Taxes | 450/3 | €2,175 | €1,157 | -€1,018 | -46.8% |
| Other amounts payable | 47/48 | €7,869 | €4,961 | -€2,908 | -37.0% |
| Accrued charges and deferred income | 492/3 | - | €3 | +€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,948 | €2,115 | -€833 | -28.3% |
| Other operating charges | 640/8 | €792 | €710 | -€82 | -10.4% |
| Non-recurring operating charges | 66A | €578 | €0 | -€578 | -100.0% |
| Gross operating margin | 9900 | €14,233 | €14,158 | -€75 | -0.5% |
| Operating profit (loss) | 9901 | €9,915 | €11,334 | +€1,419 | +14.3% |
| Financial income | 75/76B | €1,126 | €4,560 | +€3,434 | +305.0% |
| Recurring financial income | 75 | €1,126 | €4,560 | +€3,434 | +305.0% |
| Financial charges | 65/66B | €515 | €456 | -€59 | -11.4% |
| Recurring financial charges | 65 | €515 | €456 | -€59 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €10,526 | €15,438 | +€4,912 | +46.7% |
| Income taxes | 67/77 | €3,413 | €4,912 | +€1,499 | +43.9% |
| Profit (loss) for the period | 9904 | €7,114 | €10,526 | +€3,412 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,114 | €10,526 | +€3,412 | +48.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.