MISSAULT X: 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.
MISSAULT X
Largest movements
- Tangible fixed assets +€63,270
up €63,270 (+245%), from €25,867 to €89,137
of which Furniture and vehicles: +€56,004
- Receivables within one year +€34,932
up €34,932 (+229%), from €15,234 to €50,166
of which Trade receivables: +€31,411
- Cash +€10,403
up €10,403 (+28.9%), from €35,941 to €46,343
mainly Trade debts (+€33,125) and Debts after one year (+€31,989)
- Trade debts +€33,125
up €33,125 (+1,024%), from €3,235 to €36,359
- Debts after one year +€31,989
up €31,989 (+174%), from €18,363 to €50,351
- Reserves +€28,042
up €28,042 (+83.2%), from €33,711 to €61,753
- Current portion of long-term debt +€9,764
up €9,764 (+172%), from €5,675 to €15,439
- Other debts +€5,029
up €5,029 (+43.9%), from €11,457 to €16,486
- Gross operating margin +€18,347
up €18,347 (+57.1%), from €32,122 to €50,469
- Depreciation +€5,649
up €5,649 (+78.0%), from €7,244 to €12,894
- Financial charges +€1,200
up €1,200 (+81.3%), from €1,475 to €2,675
- Taxes +€1,090
up €1,090 (+24.3%), from €4,488 to €5,577
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 | €77,608 | €187,104 | +€109,497 | +141% |
| Fixed assets | 21/28 | €26,267 | €89,437 | +€63,170 | +240% |
| Intangible fixed assets | 21 | €400 | €300 | -€100 | -25.0% |
| Tangible fixed assets | 22/27 | €25,867 | €89,137 | +€63,270 | +245% |
| Plant, machinery and equipment | 23 | €25,200 | €32,467 | +€7,267 | +28.8% |
| Furniture and vehicles | 24 | €666 | €56,670 | +€56,004 | +8,406% |
| Current assets | 29/58 | €51,341 | €97,668 | +€46,327 | +90.2% |
| Amounts receivable within one year | 40/41 | €15,234 | €50,166 | +€34,932 | +229% |
| Trade receivables | 40 | €15,234 | €46,645 | +€31,411 | +206% |
| Other amounts receivable | 41 | - | €3,521 | +€3,521 | |
| Cash at bank and in hand | 54/58 | €35,941 | €46,343 | +€10,403 | +28.9% |
| Deferred charges and accrued income | 490/1 | €166 | €1,158 | +€992 | +597% |
| Total equity and liabilities | 10/49 | €77,608 | €187,104 | +€109,497 | +141% |
| Equity | 10/15 | €34,711 | €62,753 | +€28,042 | +80.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €33,711 | €61,753 | +€28,042 | +83.2% |
| Distributable reserves | 133 | €33,711 | €61,753 | +€28,042 | +83.2% |
| Amounts payable | 17/49 | €42,897 | €124,351 | +€81,454 | +190% |
| Amounts payable after more than one year | 17 | €18,363 | €50,351 | +€31,989 | +174% |
| Financial debts | 170/4 | €18,363 | €50,351 | +€31,989 | +174% |
| Amounts payable within one year | 42/48 | €24,534 | €74,000 | +€49,466 | +202% |
| Current portion of amounts payable after more than one year | 42 | €5,675 | €15,439 | +€9,764 | +172% |
| Trade debts | 44 | €3,235 | €36,359 | +€33,125 | +1,024% |
| Suppliers | 440/4 | €3,235 | €36,359 | +€33,125 | +1,024% |
| Taxes, remuneration and social security | 45 | €4,168 | €5,716 | +€1,547 | +37.1% |
| Taxes | 450/3 | €4,168 | €5,716 | +€1,547 | +37.1% |
| Other amounts payable | 47/48 | €11,457 | €16,486 | +€5,029 | +43.9% |
| Non-recurring operating income | 76A | - | €3,466 | +€3,466 | |
| Remuneration, social security and pensions | 62 | - | €206 | +€206 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,244 | €12,894 | +€5,649 | +78.0% |
| Other operating charges | 640/8 | €1,082 | €1,374 | +€292 | +27.0% |
| Gross operating margin | 9900 | €32,122 | €50,469 | +€18,347 | +57.1% |
| Operating profit (loss) | 9901 | €23,795 | €35,995 | +€12,200 | +51.3% |
| Financial income | 75/76B | €2 | €299 | +€298 | +17,940% |
| Recurring financial income | 75 | €2 | €299 | +€298 | +17,940% |
| Financial charges | 65/66B | €1,475 | €2,675 | +€1,200 | +81.3% |
| Recurring financial charges | 65 | €1,475 | €2,675 | +€1,200 | +81.3% |
| Profit (loss) for the period before taxes | 9903 | €22,322 | €33,620 | +€11,298 | +50.6% |
| Income taxes | 67/77 | €4,488 | €5,577 | +€1,090 | +24.3% |
| Profit (loss) for the period | 9904 | €17,834 | €28,042 | +€10,208 | +57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,834 | €28,042 | +€10,208 | +57.2% |
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 21 October 2026 via checked.be.