MIDENTE: what changed
MIDENTE
Largest movements
- Tangible fixed assets +€354,292
up €354,292 (+57.8%), from €612,870 to €967,162
of which Land and buildings: +€361,969
- Current investments -€171,231
down €171,231 (-33.6%), from €509,224 to €337,993
- Receivables within one year +€79,742
up €79,742 (+137%), from €58,279 to €138,020
of which Other amounts receivable: +€70,717
- Cash -€43,049
down €43,049 (-10.3%), from €417,615 to €374,567
mainly Investment in fixed assets (net) (-€416,312) and Contributions, distributions and other (-€158,990)
- Reserves +€184,649
up €184,649 (+14.1%), from €1.3m to €1.5m
- Other debts +€45,233
up €45,233 (+20.5%), from €220,881 to €266,114
- Gross operating margin +€33,505
up €33,505 (+6.2%), from €544,086 to €577,591
- Financial income +€33,023
up €33,023 (+136%), from €24,217 to €57,239
- Staff costs -€14,140
down €14,140 (-13.8%), from €102,778 to €88,638
- Taxes +€8,112
up €8,112 (+6.8%), from €119,641 to €127,753
- Depreciation +€7,730
up €7,730 (+14.2%), from €54,290 to €62,019
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,609,135 | €1,830,391 | +€221,256 | +13.7% |
| Fixed assets | 21/28 | €618,420 | €972,712 | +€354,292 | +57.3% |
| Tangible fixed assets | 22/27 | €612,870 | €967,162 | +€354,292 | +57.8% |
| Land and buildings | 22 | €572,101 | €934,070 | +€361,969 | +63.3% |
| Plant, machinery and equipment | 23 | €28,727 | €22,884 | -€5,844 | -20.3% |
| Other tangible fixed assets | 26 | €12,041 | €10,208 | -€1,833 | -15.2% |
| Financial fixed assets | 28 | €5,550 | €5,550 | = | 0.0% |
| Current assets | 29/58 | €990,716 | €857,679 | -€133,036 | -13.4% |
| Amounts receivable within one year | 40/41 | €58,279 | €138,020 | +€79,742 | +137% |
| Trade receivables | 40 | €6,771 | €15,796 | +€9,025 | +133% |
| Other amounts receivable | 41 | €51,508 | €122,224 | +€70,717 | +137% |
| Current investments | 50/53 | €509,224 | €337,993 | -€171,231 | -33.6% |
| Cash at bank and in hand | 54/58 | €417,615 | €374,567 | -€43,049 | -10.3% |
| Deferred charges and accrued income | 490/1 | €5,598 | €7,100 | +€1,502 | +26.8% |
| Total equity and liabilities | 10/49 | €1,609,135 | €1,830,391 | +€221,256 | +13.7% |
| Equity | 10/15 | €1,326,543 | €1,511,192 | +€184,649 | +13.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,314,143 | €1,498,792 | +€184,649 | +14.1% |
| Distributable reserves | 133 | €1,314,143 | €1,498,792 | +€184,649 | +14.1% |
| Amounts payable | 17/49 | €282,593 | €319,199 | +€36,607 | +13.0% |
| Amounts payable after more than one year | 17 | €14,055 | €11,990 | -€2,065 | -14.7% |
| Other amounts payable | 178/9 | €14,055 | €11,990 | -€2,065 | -14.7% |
| Amounts payable within one year | 42/48 | €268,538 | €307,209 | +€38,672 | +14.4% |
| Trade debts | 44 | €31,710 | €26,212 | -€5,499 | -17.3% |
| Suppliers | 440/4 | €31,710 | €26,212 | -€5,499 | -17.3% |
| Taxes, remuneration and social security | 45 | €15,946 | €14,883 | -€1,062 | -6.7% |
| Remuneration and social security | 454/9 | €15,946 | €14,883 | -€1,062 | -6.7% |
| Other amounts payable | 47/48 | €220,881 | €266,114 | +€45,233 | +20.5% |
| Remuneration, social security and pensions | 62 | €102,778 | €88,638 | -€14,140 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,290 | €62,019 | +€7,730 | +14.2% |
| Other operating charges | 640/8 | €12,809 | €5,785 | -€7,023 | -54.8% |
| Gross operating margin | 9900 | €544,086 | €577,591 | +€33,505 | +6.2% |
| Operating profit (loss) | 9901 | €374,210 | €421,148 | +€46,939 | +12.5% |
| Financial income | 75/76B | €24,217 | €57,239 | +€33,023 | +136% |
| Recurring financial income | 75 | €24,217 | €57,239 | +€33,023 | +136% |
| Financial charges | 65/66B | -€92 | €6,995 | +€7,087 | |
| Recurring financial charges | 65 | -€92 | €6,995 | +€7,087 | |
| Profit (loss) for the period before taxes | 9903 | €398,518 | €471,393 | +€72,875 | +18.3% |
| Income taxes | 67/77 | €119,641 | €127,753 | +€8,112 | +6.8% |
| Profit (loss) for the period | 9904 | €278,877 | €343,640 | +€64,763 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €278,877 | €343,640 | +€64,763 | +23.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.