Mistral: 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.
Mistral
Largest movements
- Cash -€16,540
down €16,540 (-19.2%), from €86,281 to €69,742
mainly Trade debts (-€8,862) and Net result for the year (-€5,248)
- Receivables within one year +€3,583
up €3,583 (+9.5%), from €37,556 to €41,140
of which Other amounts receivable: +€1,990
- Trade debts -€8,862
down €8,862 (-34.5%), from €25,675 to €16,813
- Profit (loss) carried forward -€3,656
new in 2025: -€3,656
- Reserves -€1,592
down €1,592 (-2.0%), from €79,301 to €77,709
of which Distributable reserves: -€1,592
- Tax, wage and social debts +€1,570
up €1,570 (+112%), from €1,401 to €2,971
- Taxes -€22,951
new in 2025: -€22,951
- Gross operating margin +€10,421
up €10,421 (+27.1%), from -€38,459 to -€28,038
- Financial income +€586
up €586 (+169%), from €347 to €932
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 | €124,969 | €112,430 | -€12,540 | -10.0% |
| Fixed assets | 21/28 | €1,132 | €1,132 | = | 0.0% |
| Financial fixed assets | 28 | €1,132 | €1,132 | = | 0.0% |
| Current assets | 29/58 | €123,838 | €111,298 | -€12,540 | -10.1% |
| Amounts receivable within one year | 40/41 | €37,556 | €41,140 | +€3,583 | +9.5% |
| Trade receivables | 40 | €26,379 | €27,972 | +€1,593 | +6.0% |
| Other amounts receivable | 41 | €11,177 | €13,168 | +€1,990 | +17.8% |
| Cash at bank and in hand | 54/58 | €86,281 | €69,742 | -€16,540 | -19.2% |
| Deferred charges and accrued income | 490/1 | - | €417 | +€417 | |
| Total equity and liabilities | 10/49 | €124,969 | €112,430 | -€12,540 | -10.0% |
| Equity | 10/15 | €97,893 | €92,645 | -€5,248 | -5.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €79,301 | €77,709 | -€1,592 | -2.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €77,442 | €75,850 | -€1,592 | -2.1% |
| Profit (loss) carried forward | 14 | - | -€3,656 | -€3,656 | |
| Amounts payable | 17/49 | €27,076 | €19,784 | -€7,292 | -26.9% |
| Amounts payable within one year | 42/48 | €27,076 | €19,784 | -€7,292 | -26.9% |
| Trade debts | 44 | €25,675 | €16,813 | -€8,862 | -34.5% |
| Suppliers | 440/4 | €25,675 | €16,813 | -€8,862 | -34.5% |
| Taxes, remuneration and social security | 45 | €1,401 | €2,971 | +€1,570 | +112% |
| Remuneration and social security | 454/9 | €1,401 | €2,971 | +€1,570 | +112% |
| Other operating charges | 640/8 | €750 | €859 | +€109 | +14.6% |
| Gross operating margin | 9900 | -€38,459 | -€28,038 | +€10,421 | +27.1% |
| Operating profit (loss) | 9901 | -€39,209 | -€28,897 | +€10,312 | +26.3% |
| Financial income | 75/76B | €347 | €932 | +€586 | +169% |
| Recurring financial income | 75 | €347 | €932 | +€586 | +169% |
| Financial charges | 65/66B | €571 | €235 | -€336 | -58.8% |
| Recurring financial charges | 65 | €571 | €235 | -€336 | -58.8% |
| Profit (loss) for the period before taxes | 9903 | -€39,433 | -€28,199 | +€11,233 | +28.5% |
| Income taxes | 67/77 | - | -€22,951 | -€22,951 | |
| Profit (loss) for the period | 9904 | -€39,433 | -€5,248 | +€34,185 | +86.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,433 | -€5,248 | +€34,185 | +86.7% |
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 18 October 2026 via checked.be.