MISTER ED: 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.
MISTER ED
Largest movements
- Cash -€186,855
down €186,855 (-38.9%), from €480,061 to €293,206
mainly Net result for the year (-€88,440) and Investment in fixed assets (net) (-€39,590)
- Receivables within one year +€38,879
up €38,879 (+18.6%), from €209,325 to €248,204
of which Other amounts receivable: +€39,539
- Profit (loss) carried forward -€88,440
down €88,440 (-12.3%), from €718,678 to €630,238
- Trade debts -€25,271
down €25,271 (-66.4%), from €38,086 to €12,815
- Other debts -€14,809
no longer reported in 2025 (was €14,809)
- Gross operating margin -€1.6m
down €1.6m, from €1.5m to -€53,383
- Taxes -€344,020
no longer reported in 2025 (was €344,020)
- Financial charges -€29,094
down €29,094 (-99.3%), from €29,303 to €209
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 | €1,255,213 | €1,116,051 | -€139,162 | -11.1% |
| Fixed assets | 21/28 | €559,228 | €570,811 | +€11,583 | +2.1% |
| Tangible fixed assets | 22/27 | €119,228 | €130,811 | +€11,583 | +9.7% |
| Land and buildings | 22 | €7,400 | €7,400 | = | 0.0% |
| Plant, machinery and equipment | 23 | €103,754 | €117,429 | +€13,676 | +13.2% |
| Furniture and vehicles | 24 | €8,075 | €5,982 | -€2,093 | -25.9% |
| Financial fixed assets | 28 | €440,000 | €440,000 | = | 0.0% |
| Current assets | 29/58 | €695,985 | €545,240 | -€150,745 | -21.7% |
| Stocks and contracts in progress | 3 | €3,500 | €3,500 | = | 0.0% |
| Stocks | 30/36 | €3,500 | €3,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €209,325 | €248,204 | +€38,879 | +18.6% |
| Trade receivables | 40 | €2,008 | €1,348 | -€660 | -32.9% |
| Other amounts receivable | 41 | €207,317 | €246,856 | +€39,539 | +19.1% |
| Cash at bank and in hand | 54/58 | €480,061 | €293,206 | -€186,855 | -38.9% |
| Deferred charges and accrued income | 490/1 | €3,099 | €331 | -€2,768 | -89.3% |
| Total equity and liabilities | 10/49 | €1,255,213 | €1,116,051 | -€139,162 | -11.1% |
| Equity | 10/15 | €903,944 | €815,504 | -€88,440 | -9.8% |
| Contributions | 10/11 | €143,778 | €143,778 | = | 0.0% |
| Reserves | 13 | €41,488 | €41,488 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,074 | €2,074 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,074 | €2,074 | = | 0.0% |
| Distributable reserves | 133 | €39,413 | €39,413 | = | 0.0% |
| Profit (loss) carried forward | 14 | €718,678 | €630,238 | -€88,440 | -12.3% |
| Amounts payable | 17/49 | €351,269 | €300,548 | -€50,722 | -14.4% |
| Amounts payable within one year | 42/48 | €350,700 | €300,507 | -€50,193 | -14.3% |
| Trade debts | 44 | €38,086 | €12,815 | -€25,271 | -66.4% |
| Suppliers | 440/4 | €38,086 | €12,815 | -€25,271 | -66.4% |
| Taxes, remuneration and social security | 45 | €297,805 | €287,692 | -€10,113 | -3.4% |
| Taxes | 450/3 | €297,805 | €287,692 | -€10,113 | -3.4% |
| Other amounts payable | 47/48 | €14,809 | - | -€14,809 | |
| Accrued charges and deferred income | 492/3 | €570 | €40 | -€529 | -92.9% |
| Non-recurring operating income | 76A | €3,542 | - | -€3,542 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,893 | €28,007 | +€10,114 | +56.5% |
| Other operating charges | 640/8 | €4,933 | €8,185 | +€3,252 | +65.9% |
| Gross operating margin | 9900 | €1,526,653 | -€53,383 | -€1.6m | |
| Operating profit (loss) | 9901 | €1,503,827 | -€89,575 | -€1.6m | |
| Financial income | 75/76B | €0 | €1,344 | +€1,344 | +1,033,685% |
| Recurring financial income | 75 | €0 | €1,344 | +€1,344 | +1,033,685% |
| Financial charges | 65/66B | €29,303 | €209 | -€29,094 | -99.3% |
| Recurring financial charges | 65 | €29,303 | €209 | -€29,094 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | €1,474,523 | -€88,440 | -€1.6m | |
| Income taxes | 67/77 | €344,020 | - | -€344,020 | |
| Profit (loss) for the period | 9904 | €1,130,503 | -€88,440 | -€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,130,503 | -€88,440 | -€1.2m |
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 14 October 2026 via checked.be.