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 -€1,608
down €1,608 (-9.2%), from €17,477 to €15,869
mainly Other debts (-€2,550) and Tax, wage and social debts (-€1,556)
- Deferred charges and accrued income +€884
up €884 (+1,988%), from €44 to €928
- Receivables within one year +€786
up €786 (+3.2%), from €24,358 to €25,144
of which Other amounts receivable: +€555
- Other debts -€2,550
no longer reported in 2025 (was €2,550)
- Profit (loss) carried forward +€2,400
up €2,400 (+8.9%), from -€26,836 to -€24,436
- Tax, wage and social debts -€1,556
down €1,556 (-24.8%), from €6,273 to €4,717
of which Remuneration and social security: -€1,029
- Trade debts +€1,057
up €1,057 (+3.1%), from €33,606 to €34,662
- Gross operating margin -€12,465
down €12,465 (-31.7%), from €39,328 to €26,862
- Staff costs -€2,916
down €2,916 (-12.9%), from €22,571 to €19,655
- Taxes +€428
up €428 (+19.5%), from €2,198 to €2,626
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 | €48,960 | €48,311 | -€650 | -1.3% |
| Fixed assets | 21/28 | €2,858 | €2,386 | -€472 | -16.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €2,858 | €2,386 | -€472 | -16.5% |
| Plant, machinery and equipment | 23 | €174 | €0 | -€174 | -100% |
| Furniture and vehicles | 24 | €867 | €867 | = | 0.0% |
| Other tangible fixed assets | 26 | €1,817 | €1,519 | -€297 | -16.4% |
| Current assets | 29/58 | €46,102 | €45,924 | -€178 | -0.4% |
| Stocks and contracts in progress | 3 | €4,223 | €3,983 | -€240 | -5.7% |
| Stocks | 30/36 | €4,223 | €3,983 | -€240 | -5.7% |
| Amounts receivable within one year | 40/41 | €24,358 | €25,144 | +€786 | +3.2% |
| Trade receivables | 40 | €20,366 | €20,596 | +€231 | +1.1% |
| Other amounts receivable | 41 | €3,992 | €4,548 | +€555 | +13.9% |
| Cash at bank and in hand | 54/58 | €17,477 | €15,869 | -€1,608 | -9.2% |
| Deferred charges and accrued income | 490/1 | €44 | €928 | +€884 | +1,988% |
| Total equity and liabilities | 10/49 | €48,960 | €48,311 | -€650 | -1.3% |
| Equity | 10/15 | €6,532 | €8,932 | +€2,400 | +36.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €14,775 | €14,775 | = | 0.0% |
| Distributable reserves | 133 | €14,775 | €14,775 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,836 | -€24,436 | +€2,400 | +8.9% |
| Amounts payable | 17/49 | €42,428 | €39,379 | -€3,050 | -7.2% |
| Amounts payable within one year | 42/48 | €42,428 | €39,379 | -€3,050 | -7.2% |
| Trade debts | 44 | €33,606 | €34,662 | +€1,057 | +3.1% |
| Suppliers | 440/4 | €33,606 | €34,662 | +€1,057 | +3.1% |
| Taxes, remuneration and social security | 45 | €6,273 | €4,717 | -€1,556 | -24.8% |
| Taxes | 450/3 | €4,707 | €4,179 | -€528 | -11.2% |
| Remuneration and social security | 454/9 | €1,566 | €538 | -€1,029 | -65.7% |
| Other amounts payable | 47/48 | €2,550 | - | -€2,550 | |
| Remuneration, social security and pensions | 62 | €22,571 | €19,655 | -€2,916 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €714 | €472 | -€242 | -33.9% |
| Other operating charges | 640/8 | €1,770 | €1,472 | -€297 | -16.8% |
| Gross operating margin | 9900 | €39,328 | €26,862 | -€12,465 | -31.7% |
| Operating profit (loss) | 9901 | €14,273 | €5,263 | -€9,010 | -63.1% |
| Financial income | 75/76B | €0 | €2 | +€1 | +900% |
| Recurring financial income | 75 | €0 | €2 | +€1 | +900% |
| Financial charges | 65/66B | €135 | €194 | +€59 | +43.9% |
| Recurring financial charges | 65 | €135 | €194 | +€59 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €14,138 | €5,070 | -€9,068 | -64.1% |
| Income taxes | 67/77 | €2,198 | €2,626 | +€428 | +19.5% |
| Profit (loss) for the period | 9904 | €11,941 | €2,444 | -€9,496 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,941 | €2,444 | -€9,496 | -79.5% |
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 13 October 2026 via checked.be.