MISPELTER: 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.
MISPELTER
Largest movements
- Tangible fixed assets -€6,155
down €6,155 (-16.2%), from €38,074 to €31,919
of which Furniture and vehicles: -€7,972
- Cash +€2,899
up €2,899 (+10.4%), from €27,753 to €30,652
mainly Depreciation (+€11,952) and Trade debts (+€7,086)
- Receivables within one year -€2,084
down €2,084 (-10.0%), from €20,870 to €18,786
of which Trade receivables: -€2,630
- Deferred charges and accrued income +€1,250
up €1,250 (+2030.0%), from €62 to €1,311
- Debts after one year -€12,236
down €12,236 (-36.4%), from €33,581 to €21,346
- Tax, wage and social debts -€7,116
down €7,116 (-52.4%), from €13,590 to €6,474
of which Taxes: -€5,323
- Trade debts +€7,086
up €7,086 (+117.2%), from €6,045 to €13,132
- Profit (loss) carried forward +€4,092
up €4,092, from -€242 to €3,850
- Short-term financial debts +€3,942
new in 2025: €3,942
- Staff costs -€20,967
down €20,967 (-66.6%), from €31,475 to €10,508
- Gross operating margin -€15,076
down €15,076 (-30.6%), from €49,271 to €34,195
- Other operating charges -€6,690
down €6,690 (-72.0%), from €9,289 to €2,599
- Depreciation +€4,655
up €4,655 (+63.8%), from €7,297 to €11,952
- Taxes +€1,073
up €1,073 (+77.9%), from €1,378 to €2,451
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 | €92,639 | €88,854 | -€3,785 | -4.1% |
| Fixed assets | 21/28 | €38,074 | €32,225 | -€5,849 | -15.4% |
| Tangible fixed assets | 22/27 | €38,074 | €31,919 | -€6,155 | -16.2% |
| Plant, machinery and equipment | 23 | €9,485 | €11,526 | +€2,040 | +21.5% |
| Furniture and vehicles | 24 | €28,365 | €20,393 | -€7,972 | -28.1% |
| Other tangible fixed assets | 26 | €224 | - | -€224 | |
| Financial fixed assets | 28 | - | €306 | +€306 | |
| Current assets | 29/58 | €54,565 | €56,629 | +€2,065 | +3.8% |
| Amounts receivable within one year | 40/41 | €20,870 | €18,786 | -€2,084 | -10.0% |
| Trade receivables | 40 | €5,651 | €3,022 | -€2,630 | -46.5% |
| Other amounts receivable | 41 | €15,218 | €15,765 | +€546 | +3.6% |
| Current investments | 50/53 | €5,880 | €5,880 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,753 | €30,652 | +€2,899 | +10.4% |
| Deferred charges and accrued income | 490/1 | €62 | €1,311 | +€1,250 | +2030.0% |
| Total equity and liabilities | 10/49 | €92,639 | €88,854 | -€3,785 | -4.1% |
| Equity | 10/15 | €20,656 | €24,748 | +€4,092 | +19.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,298 | €2,298 | = | 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% |
| Distributable reserves | 133 | €438 | €438 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€242 | €3,850 | +€4,092 | |
| Amounts payable | 17/49 | €71,982 | €64,106 | -€7,876 | -10.9% |
| Amounts payable after more than one year | 17 | €33,581 | €21,346 | -€12,236 | -36.4% |
| Financial debts | 170/4 | €33,581 | €21,346 | -€12,236 | -36.4% |
| Amounts payable within one year | 42/48 | €38,401 | €42,760 | +€4,359 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €18,194 | €18,264 | +€70 | +0.4% |
| Financial debts | 43 | - | €3,942 | +€3,942 | |
| Credit institutions | 430/8 | - | €3,942 | +€3,942 | |
| Trade debts | 44 | €6,045 | €13,132 | +€7,086 | +117.2% |
| Suppliers | 440/4 | €6,045 | €13,132 | +€7,086 | +117.2% |
| Taxes, remuneration and social security | 45 | €13,590 | €6,474 | -€7,116 | -52.4% |
| Taxes | 450/3 | €9,939 | €4,615 | -€5,323 | -53.6% |
| Remuneration and social security | 454/9 | €3,651 | €1,859 | -€1,792 | -49.1% |
| Other amounts payable | 47/48 | €572 | €949 | +€376 | +65.8% |
| Remuneration, social security and pensions | 62 | €31,475 | €10,508 | -€20,967 | -66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,297 | €11,952 | +€4,655 | +63.8% |
| Other operating charges | 640/8 | €9,289 | €2,599 | -€6,690 | -72.0% |
| Gross operating margin | 9900 | €49,271 | €34,195 | -€15,076 | -30.6% |
| Operating profit (loss) | 9901 | €1,210 | €9,136 | +€7,927 | +655.3% |
| Financial income | 75/76B | €22 | €77 | +€54 | +241.5% |
| Recurring financial income | 75 | €22 | €77 | +€54 | +241.5% |
| Financial charges | 65/66B | €2,746 | €2,670 | -€76 | -2.8% |
| Recurring financial charges | 65 | €2,746 | €2,670 | -€76 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,514 | €6,543 | +€8,057 | |
| Income taxes | 67/77 | €1,378 | €2,451 | +€1,073 | +77.9% |
| Profit (loss) for the period | 9904 | -€2,892 | €4,092 | +€6,984 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,892 | €4,092 | +€6,984 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.