MISPLON: 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.
What changed
MISPLON
NACE 43.120, Site preparation
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€30,734
2025 · €10,355+€20,379
Equity
€404,053
2025 · €373,319+€30,734
Cash
€128,256
2025 · €129,127-€872
Balance sheet total
€1.4m
2025 · €1.5m-€42,183
Largest movements
Assets
- Tangible fixed assets -€41,944
down €41,944 (-3.6%), from €1.2m to €1.1m
of which Furniture and vehicles: -€87,396
Equity and liabilities
- Debts after one year -€56,232
down €56,232 (-8.3%), from €677,360 to €621,128
- Reserves +€30,734
up €30,734 (+8.7%), from €353,319 to €384,053
of which Distributable reserves: +€30,734
- Current portion of long-term debt -€22,311
down €22,311 (-16.1%), from €138,645 to €116,334
Income statement
- Gross operating margin +€16,978
up €16,978 (+4.8%), from €353,959 to €370,936
- Depreciation -€3,764
down €3,764 (-1.8%), from €208,750 to €204,986
From the 2025 result to the 2026 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.
Result 2025
€10,355
Gross operating margin
+€16,978
Staff costs
-€1,209
Depreciation
+€3,764
Write-downs
+€878
Other operating charges
-€300
Financial income
+€81
Financial charges
+€1,607
Taxes
-€1,419
Result 2026
€30,734
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€240,712
Investment
-€163,041
Financing
-€78,543
Cash 2025
€129,127
From operations (derived)
+€240,712
Net result for the year
+€30,734
Depreciation
+€204,986
Stocks and contracts
-€1,452
Receivables within one year
+€819
Trade debts
-€6,130
Tax, wage and social debts
+€2,864
Other debts
+€8,891
Investment (derived)
-€163,041
Investment in fixed assets (net)
-€163,041
Financing
-€78,543
Debts after one year
-€56,232
Current portion of long-term debt
-€22,311
Cash 2026
€128,256
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,476,828 | €1,434,645 | -€42,183 | -2.9% |
| Fixed assets | 21/28 | €1,162,495 | €1,120,551 | -€41,945 | -3.6% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -37.0% |
| Tangible fixed assets | 22/27 | €1,162,495 | €1,120,551 | -€41,944 | -3.6% |
| Land and buildings | 22 | €751,637 | €785,981 | +€34,345 | +4.6% |
| Plant, machinery and equipment | 23 | €161,864 | €188,069 | +€26,205 | +16.2% |
| Furniture and vehicles | 24 | €185,313 | €97,917 | -€87,396 | -47.2% |
| Other tangible fixed assets | 26 | €63,682 | €48,583 | -€15,099 | -23.7% |
| Current assets | 29/58 | €314,333 | €314,094 | -€239 | -0.1% |
| Stocks and contracts in progress | 3 | €13,800 | €15,252 | +€1,452 | +10.5% |
| Stocks | 30/36 | €13,800 | €15,252 | +€1,452 | +10.5% |
| Amounts receivable within one year | 40/41 | €171,406 | €170,587 | -€819 | -0.5% |
| Trade receivables | 40 | €155,645 | €165,957 | +€10,312 | +6.6% |
| Other amounts receivable | 41 | €15,761 | €4,630 | -€11,131 | -70.6% |
| Cash at bank and in hand | 54/58 | €129,127 | €128,256 | -€872 | -0.7% |
| Total equity and liabilities | 10/49 | €1,476,828 | €1,434,645 | -€42,183 | -2.9% |
| Equity | 10/15 | €373,319 | €404,053 | +€30,734 | +8.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | - | -€20,000 | |
| Other | 1109/19 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €353,319 | €384,053 | +€30,734 | +8.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €351,319 | €382,053 | +€30,734 | +8.7% |
| Amounts payable | 17/49 | €1,103,509 | €1,030,592 | -€72,917 | -6.6% |
| Amounts payable after more than one year | 17 | €677,360 | €621,128 | -€56,232 | -8.3% |
| Financial debts | 170/4 | €677,360 | €621,128 | -€56,232 | -8.3% |
| Amounts payable within one year | 42/48 | €426,149 | €409,463 | -€16,685 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €138,645 | €116,334 | -€22,311 | -16.1% |
| Trade debts | 44 | €77,320 | €71,191 | -€6,130 | -7.9% |
| Suppliers | 440/4 | €77,320 | €71,191 | -€6,130 | -7.9% |
| Taxes, remuneration and social security | 45 | €19,992 | €22,857 | +€2,864 | +14.3% |
| Taxes | 450/3 | €9,139 | €11,846 | +€2,707 | +29.6% |
| Remuneration and social security | 454/9 | €10,853 | €11,010 | +€157 | +1.5% |
| Other amounts payable | 47/48 | €190,191 | €199,082 | +€8,891 | +4.7% |
| Non-recurring operating income | 76A | - | €14,197 | +€14,197 | |
| Remuneration, social security and pensions | 62 | €78,290 | €79,499 | +€1,209 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208,750 | €204,986 | -€3,764 | -1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €878 | - | -€878 | |
| Other operating charges | 640/8 | €10,782 | €11,082 | +€300 | +2.8% |
| Gross operating margin | 9900 | €353,959 | €370,936 | +€16,978 | +4.8% |
| Operating profit (loss) | 9901 | €55,259 | €75,369 | +€20,110 | +36.4% |
| Financial income | 75/76B | €43 | €124 | +€81 | +189% |
| Recurring financial income | 75 | €43 | €124 | +€81 | +189% |
| Financial charges | 65/66B | €40,996 | €39,389 | -€1,607 | -3.9% |
| Recurring financial charges | 65 | €40,996 | €39,389 | -€1,607 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €14,305 | €36,104 | +€21,798 | +152% |
| Income taxes | 67/77 | €3,950 | €5,370 | +€1,419 | +35.9% |
| Profit (loss) for the period | 9904 | €10,355 | €30,734 | +€20,379 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €10,355 | €30,734 | +€20,379 | +197% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.