De Mistel: 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.
De Mistel
Largest movements
- Cash -€276,159
down €276,159 (-71.2%), from €387,957 to €111,797
mainly Contributions, distributions and other (-€788,000) and Debts after one year (-€24,667)
- Tangible fixed assets -€23,143
down €23,143 (-9.6%), from €241,663 to €218,519
of which Land and buildings: -€16,950
- Receivables within one year +€11,438
up €11,438 (+223%), from €5,138 to €16,576
of which Other amounts receivable: +€10,886
- Profit (loss) carried forward -€374,924
down €374,924 (-99.6%), from €376,485 to €1,561
- Other debts +€108,912
up €108,912 (+3,527%), from €3,088 to €112,000
- Debts after one year -€24,667
down €24,667 (-40.0%), from €61,695 to €37,028
- Tax, wage and social debts +€9,305
up €9,305 (+27.5%), from €33,799 to €43,104
of which Remuneration and social security: +€9,007
- Trade debts -€7,810
down €7,810 (-88.7%), from €8,803 to €993
- Gross operating margin +€42,657
up €42,657 (+6.5%), from €658,816 to €701,474
- Taxes +€14,756
up €14,756 (+12.3%), from €120,131 to €134,886
- Depreciation -€12,124
down €12,124 (-27.0%), from €44,970 to €32,847
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 | €656,499 | €365,272 | -€291,227 | -44.4% |
| Fixed assets | 21/28 | €241,663 | €218,519 | -€23,143 | -9.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €241,663 | €218,519 | -€23,143 | -9.6% |
| Land and buildings | 22 | €216,851 | €199,901 | -€16,950 | -7.8% |
| Plant, machinery and equipment | 23 | €5,700 | €7,796 | +€2,097 | +36.8% |
| Furniture and vehicles | 24 | €19,112 | €10,822 | -€8,290 | -43.4% |
| Current assets | 29/58 | €414,836 | €146,752 | -€268,083 | -64.6% |
| Amounts receivable within one year | 40/41 | €5,138 | €16,576 | +€11,438 | +223% |
| Trade receivables | 40 | €12 | €564 | +€552 | +4,730% |
| Other amounts receivable | 41 | €5,126 | €16,012 | +€10,886 | +212% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €387,957 | €111,797 | -€276,159 | -71.2% |
| Deferred charges and accrued income | 490/1 | €21,492 | €18,129 | -€3,363 | -15.6% |
| Total equity and liabilities | 10/49 | €656,499 | €365,272 | -€291,227 | -44.4% |
| Equity | 10/15 | €524,448 | €147,480 | -€376,968 | -71.9% |
| Contributions | 10/11 | €143,600 | €143,600 | = | 0.0% |
| Reserves | 13 | €4,363 | €2,319 | -€2,044 | -46.8% |
| Tax-exempt reserves | 132 | €2,503 | €459 | -€2,044 | -81.7% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €376,485 | €1,561 | -€374,924 | -99.6% |
| Amounts payable | 17/49 | €132,051 | €217,792 | +€85,741 | +64.9% |
| Amounts payable after more than one year | 17 | €61,695 | €37,028 | -€24,667 | -40.0% |
| Financial debts | 170/4 | €61,695 | €37,028 | -€24,667 | -40.0% |
| Amounts payable within one year | 42/48 | €70,356 | €180,764 | +€110,408 | +157% |
| Current portion of amounts payable after more than one year | 42 | €24,667 | €24,667 | = | 0.0% |
| Trade debts | 44 | €8,803 | €993 | -€7,810 | -88.7% |
| Suppliers | 440/4 | €8,803 | €993 | -€7,810 | -88.7% |
| Taxes, remuneration and social security | 45 | €33,799 | €43,104 | +€9,305 | +27.5% |
| Taxes | 450/3 | €7,818 | €8,117 | +€299 | +3.8% |
| Remuneration and social security | 454/9 | €25,980 | €34,987 | +€9,007 | +34.7% |
| Other amounts payable | 47/48 | €3,088 | €112,000 | +€108,912 | +3,527% |
| Non-recurring operating income | 76A | - | €6,253 | +€6,253 | |
| Remuneration, social security and pensions | 62 | €103,103 | €109,468 | +€6,365 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,970 | €32,847 | -€12,124 | -27.0% |
| Other operating charges | 640/8 | €6,156 | €9,385 | +€3,229 | +52.5% |
| Gross operating margin | 9900 | €658,816 | €701,474 | +€42,657 | +6.5% |
| Operating profit (loss) | 9901 | €504,587 | €549,773 | +€45,187 | +9.0% |
| Financial income | 75/76B | €872 | €2,480 | +€1,608 | +184% |
| Recurring financial income | 75 | €872 | €2,480 | +€1,608 | +184% |
| Financial charges | 65/66B | €8,843 | €6,335 | -€2,508 | -28.4% |
| Recurring financial charges | 65 | €8,843 | €6,335 | -€2,508 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €496,616 | €545,919 | +€49,303 | +9.9% |
| Income taxes | 67/77 | €120,131 | €134,886 | +€14,756 | +12.3% |
| Profit (loss) for the period | 9904 | €376,485 | €411,032 | +€34,547 | +9.2% |
| Transfer from tax-exempt reserves | 789 | - | €2,044 | +€2,044 | |
| Profit (loss) for the period to be appropriated | 9905 | €376,485 | €413,076 | +€36,591 | +9.7% |
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 26 October 2026 via checked.be.