DE MISPEL: 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.
DE MISPEL
Largest movements
- Cash -€15,475
down €15,475 (-61.9%), from €25,007 to €9,533
mainly Other debts (-€23,720) and Debts after one year (-€17,488)
- Stocks and contracts -€10,164
down €10,164 (-28.3%), from €35,897 to €25,733
- Tangible fixed assets -€6,865
down €6,865 (-10.0%), from €68,816 to €61,951
of which Other tangible fixed assets: -€5,662
- Intangible fixed assets -€3,750
down €3,750 (-13.1%), from €28,705 to €24,955
- Other debts -€23,720
down €23,720 (-82.3%), from €28,829 to €5,109
- Debts after one year -€17,488
down €17,488 (-24.9%), from €70,320 to €52,832
- Profit (loss) carried forward +€4,395
up €4,395, from -€4,395 to €0
- Trade debts -€1,684
down €1,684 (-9.2%), from €18,356 to €16,672
- Gross operating margin +€21,208
up €21,208 (+947.7%), from €2,238 to €23,446
- Depreciation +€6,153
up €6,153 (+137.9%), from €4,463 to €10,615
- Financial charges +€2,996
up €2,996 (+200.3%), from €1,496 to €4,492
- Other operating charges +€2,340
up €2,340 (+345.9%), from €677 to €3,017
- Taxes +€828
new in 2025: €828
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 | €161,113 | €124,960 | -€36,153 | -22.4% |
| Fixed assets | 21/28 | €97,521 | €86,905 | -€10,615 | -10.9% |
| Intangible fixed assets | 21 | €28,705 | €24,955 | -€3,750 | -13.1% |
| Tangible fixed assets | 22/27 | €68,816 | €61,951 | -€6,865 | -10.0% |
| Plant, machinery and equipment | 23 | €5,438 | €4,235 | -€1,203 | -22.1% |
| Other tangible fixed assets | 26 | €63,378 | €57,716 | -€5,662 | -8.9% |
| Current assets | 29/58 | €63,592 | €38,055 | -€25,538 | -40.2% |
| Stocks and contracts in progress | 3 | €35,897 | €25,733 | -€10,164 | -28.3% |
| Stocks | 30/36 | €35,897 | €25,733 | -€10,164 | -28.3% |
| Amounts receivable within one year | 40/41 | €751 | €1,097 | +€346 | +46.1% |
| Trade receivables | 40 | €268 | €877 | +€609 | +227.1% |
| Other amounts receivable | 41 | €483 | €220 | -€262 | -54.3% |
| Cash at bank and in hand | 54/58 | €25,007 | €9,533 | -€15,475 | -61.9% |
| Deferred charges and accrued income | 490/1 | €1,937 | €1,692 | -€245 | -12.7% |
| Total equity and liabilities | 10/49 | €161,113 | €124,960 | -€36,153 | -22.4% |
| Equity | 10/15 | €25,605 | €30,384 | +€4,778 | +18.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €384 | +€384 | |
| Distributable reserves | 133 | - | €384 | +€384 | |
| Profit (loss) carried forward | 14 | -€4,395 | €0 | +€4,395 | |
| Amounts payable | 17/49 | €135,508 | €94,576 | -€40,931 | -30.2% |
| Amounts payable after more than one year | 17 | €70,320 | €52,832 | -€17,488 | -24.9% |
| Financial debts | 170/4 | €70,320 | €52,832 | -€17,488 | -24.9% |
| Amounts payable within one year | 42/48 | €65,061 | €41,745 | -€23,316 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €16,915 | €17,488 | +€573 | +3.4% |
| Trade debts | 44 | €18,356 | €16,672 | -€1,684 | -9.2% |
| Suppliers | 440/4 | €18,356 | €16,672 | -€1,684 | -9.2% |
| Advances received on contracts in progress | 46 | €313 | €256 | -€57 | -18.3% |
| Taxes, remuneration and social security | 45 | €647 | €2,220 | +€1,573 | +243.0% |
| Taxes | 450/3 | €647 | €2,220 | +€1,573 | +243.0% |
| Other amounts payable | 47/48 | €28,829 | €5,109 | -€23,720 | -82.3% |
| Accrued charges and deferred income | 492/3 | €127 | €0 | -€127 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,463 | €10,615 | +€6,153 | +137.9% |
| Other operating charges | 640/8 | €677 | €3,017 | +€2,340 | +345.9% |
| Gross operating margin | 9900 | €2,238 | €23,446 | +€21,208 | +947.7% |
| Operating profit (loss) | 9901 | -€2,901 | €9,814 | +€12,715 | |
| Financial income | 75/76B | €2 | €284 | +€282 | +11558.2% |
| Recurring financial income | 75 | €2 | €284 | +€282 | +11558.2% |
| Financial charges | 65/66B | €1,496 | €4,492 | +€2,996 | +200.3% |
| Recurring financial charges | 65 | €1,496 | €4,492 | +€2,996 | +200.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,395 | €5,606 | +€10,001 | |
| Income taxes | 67/77 | - | €828 | +€828 | |
| Profit (loss) for the period | 9904 | -€4,395 | €4,778 | +€9,173 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,395 | €4,778 | +€9,173 |
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 6 October 2026 via checked.be.