LE MISTRAL: 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.
LE MISTRAL
Largest movements
- Cash -€41,752
down €41,752 (-52.9%), from €78,989 to €37,237
mainly Net result for the year (-€11,756) and Accrued charges and deferred income (-€10,000)
- Stocks and contracts +€6,985
new in 2025: €6,985
- Tangible fixed assets +€6,187
up €6,187 (+483.7%), from €1,279 to €7,466
of which Furniture and vehicles: +€6,749
- Receivables within one year -€2,985
down €2,985 (-28.2%), from €10,589 to €7,604
- Profit (loss) carried forward -€11,756
down €11,756 (-36.5%), from €32,207 to €20,450
- Accrued charges and deferred income -€10,000
down €10,000 (-33.3%), from €30,000 to €20,000
- Trade debts -€9,570
down €9,570 (-92.4%), from €10,357 to €787
- Gross operating margin -€16,999
down €16,999, from €11,292 to -€5,707
- Taxes +€6,345
up €6,345 (+96.4%), from -€6,584 to -€239
- Depreciation +€1,387
up €1,387 (+200.8%), from €691 to €2,078
- Other operating charges -€1,308
down €1,308 (-30.1%), from €4,339 to €3,031
- Financial charges -€211
down €211 (-44.2%), from €478 to €267
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 | €93,263 | €61,697 | -€31,565 | -33.8% |
| Fixed assets | 21/28 | €3,685 | €9,872 | +€6,187 | +167.9% |
| Tangible fixed assets | 22/27 | €1,279 | €7,466 | +€6,187 | +483.7% |
| Plant, machinery and equipment | 23 | €1,279 | €717 | -€562 | -44.0% |
| Furniture and vehicles | 24 | - | €6,749 | +€6,749 | |
| Financial fixed assets | 28 | €2,406 | €2,406 | = | 0.0% |
| Current assets | 29/58 | €89,578 | €51,825 | -€37,752 | -42.1% |
| Stocks and contracts in progress | 3 | - | €6,985 | +€6,985 | |
| Stocks | 30/36 | - | €6,985 | +€6,985 | |
| Amounts receivable within one year | 40/41 | €10,589 | €7,604 | -€2,985 | -28.2% |
| Other amounts receivable | 41 | €10,589 | €7,604 | -€2,985 | -28.2% |
| Cash at bank and in hand | 54/58 | €78,989 | €37,237 | -€41,752 | -52.9% |
| Total equity and liabilities | 10/49 | €93,263 | €61,697 | -€31,565 | -33.8% |
| Equity | 10/15 | €52,667 | €40,910 | -€11,756 | -22.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,207 | €20,450 | -€11,756 | -36.5% |
| Amounts payable | 17/49 | €40,596 | €20,787 | -€19,809 | -48.8% |
| Amounts payable within one year | 42/48 | €10,596 | €787 | -€9,809 | -92.6% |
| Trade debts | 44 | €10,357 | €787 | -€9,570 | -92.4% |
| Suppliers | 440/4 | €10,357 | €787 | -€9,570 | -92.4% |
| Taxes, remuneration and social security | 45 | €239 | - | -€239 | |
| Taxes | 450/3 | €239 | - | -€239 | |
| Accrued charges and deferred income | 492/3 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Remuneration, social security and pensions | 62 | €565 | €630 | +€65 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €691 | €2,078 | +€1,387 | +200.8% |
| Other operating charges | 640/8 | €4,339 | €3,031 | -€1,308 | -30.1% |
| Non-recurring operating charges | 66A | €299 | €282 | -€17 | -5.8% |
| Gross operating margin | 9900 | €11,292 | -€5,707 | -€16,999 | |
| Operating profit (loss) | 9901 | €5,398 | -€11,728 | -€17,126 | |
| Financial charges | 65/66B | €478 | €267 | -€211 | -44.2% |
| Recurring financial charges | 65 | €478 | €267 | -€211 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €4,919 | -€11,995 | -€16,915 | |
| Income taxes | 67/77 | -€6,584 | -€239 | +€6,345 | +96.4% |
| Profit (loss) for the period | 9904 | €11,504 | -€11,756 | -€23,260 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,504 | -€11,756 | -€23,260 |
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.