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
- Stocks and contracts -€307,773
down €307,773 (-99.5%), from €309,260 to €1,487
- Cash +€5,299
up €5,299 (+115.1%), from €4,604 to €9,904
mainly Stocks and contracts (+€307,773) and Net result for the year (+€62,448)
- Other debts -€210,308
down €210,308 (-90.7%), from €231,760 to €21,451
- Trade debts -€158,152
down €158,152 (-91.7%), from €172,429 to €14,277
- Profit (loss) carried forward +€62,448
up €62,448 (+143.0%), from €43,662 to €106,110
- Gross operating margin +€64,872
up €64,872 (+735.4%), from €8,821 to €73,693
- Other operating charges -€2,470
down €2,470 (-82.8%), from €2,984 to €515
- Financial charges +€963
up €963 (+12.8%), from €7,542 to €8,505
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 | €483,260 | €177,248 | -€306,012 | -63.3% |
| Fixed assets | 21/28 | €169,395 | €165,857 | -€3,538 | -2.1% |
| Tangible fixed assets | 22/27 | €158,141 | €155,915 | -€2,226 | -1.4% |
| Land and buildings | 22 | €158,141 | €155,915 | -€2,226 | -1.4% |
| Financial fixed assets | 28 | €11,254 | €9,942 | -€1,312 | -11.7% |
| Current assets | 29/58 | €313,865 | €11,391 | -€302,474 | -96.4% |
| Stocks and contracts in progress | 3 | €309,260 | €1,487 | -€307,773 | -99.5% |
| Stocks | 30/36 | €309,260 | €1,487 | -€307,773 | -99.5% |
| Cash at bank and in hand | 54/58 | €4,604 | €9,904 | +€5,299 | +115.1% |
| Total equity and liabilities | 10/49 | €483,260 | €177,248 | -€306,012 | -63.3% |
| Equity | 10/15 | €79,071 | €141,519 | +€62,448 | +79.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €16,817 | €16,817 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,958 | €4,958 | = | 0.0% |
| Distributable reserves | 133 | €11,859 | €11,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,662 | €106,110 | +€62,448 | +143.0% |
| Amounts payable | 17/49 | €404,189 | €35,729 | -€368,460 | -91.2% |
| Amounts payable within one year | 42/48 | €404,189 | €35,729 | -€368,460 | -91.2% |
| Trade debts | 44 | €172,429 | €14,277 | -€158,152 | -91.7% |
| Suppliers | 440/4 | €172,429 | €14,277 | -€158,152 | -91.7% |
| Other amounts payable | 47/48 | €231,760 | €21,451 | -€210,308 | -90.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,711 | €2,226 | +€515 | +30.1% |
| Other operating charges | 640/8 | €2,984 | €515 | -€2,470 | -82.8% |
| Gross operating margin | 9900 | €8,821 | €73,693 | +€64,872 | +735.4% |
| Operating profit (loss) | 9901 | €4,126 | €70,952 | +€66,826 | +1619.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | +5000.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +5000.0% |
| Non-recurring financial income | 76B | €0 | €1 | +€1 | +5000.0% |
| Financial charges | 65/66B | €7,542 | €8,505 | +€963 | +12.8% |
| Recurring financial charges | 65 | €7,542 | €8,505 | +€963 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,416 | €62,448 | +€65,864 | |
| Profit (loss) for the period | 9904 | -€3,416 | €62,448 | +€65,864 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,416 | €62,448 | +€65,864 |
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 10 October 2026 via checked.be.