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
- Tangible fixed assets -€27,115
down €27,115 (-4.4%), from €613,592 to €586,477
of which Land and buildings: -€36,376
- Cash +€7,741
up €7,741 (+90.7%), from €8,539 to €16,281
mainly Depreciation (+€39,129) and Net result for the year (+€9,859)
- Debts after one year -€25,673
down €25,673 (-7.0%), from €366,452 to €340,779
of which Financial debts: -€25,673
- Profit (loss) carried forward +€9,859
up €9,859 (+10.1%), from €97,903 to €107,762
- Gross operating margin +€16,242
up €16,242 (+34.0%), from €47,837 to €64,079
- Financial charges +€3,028
up €3,028 (+94.6%), from €3,201 to €6,229
- Taxes +€2,982
up €2,982 (+869%), from €343 to €3,325
- Depreciation +€925
up €925 (+2.4%), from €38,204 to €39,129
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 | €632,671 | €614,211 | -€18,459 | -2.9% |
| Fixed assets | 21/28 | €613,592 | €586,477 | -€27,115 | -4.4% |
| Tangible fixed assets | 22/27 | €613,592 | €586,477 | -€27,115 | -4.4% |
| Land and buildings | 22 | €604,214 | €567,838 | -€36,376 | -6.0% |
| Plant, machinery and equipment | 23 | €9,378 | €18,639 | +€9,261 | +98.8% |
| Current assets | 29/58 | €19,079 | €27,734 | +€8,655 | +45.4% |
| Amounts receivable within one year | 40/41 | €10,540 | €11,454 | +€914 | +8.7% |
| Trade receivables | 40 | €440 | €7,850 | +€7,409 | +1,682% |
| Other amounts receivable | 41 | €10,099 | €3,604 | -€6,495 | -64.3% |
| Cash at bank and in hand | 54/58 | €8,539 | €16,281 | +€7,741 | +90.7% |
| Total equity and liabilities | 10/49 | €632,671 | €614,211 | -€18,459 | -2.9% |
| Equity | 10/15 | €145,684 | €155,543 | +€9,859 | +6.8% |
| Contributions | 10/11 | €12,397 | €12,397 | = | 0.0% |
| Revaluation surpluses | 12 | €6,817 | €6,817 | = | 0.0% |
| Reserves | 13 | €28,567 | €28,567 | = | 0.0% |
| Distributable reserves | 133 | €28,567 | €28,567 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,903 | €107,762 | +€9,859 | +10.1% |
| Amounts payable | 17/49 | €486,987 | €458,669 | -€28,318 | -5.8% |
| Amounts payable after more than one year | 17 | €366,452 | €340,779 | -€25,673 | -7.0% |
| Financial debts | 170/4 | €360,452 | €334,779 | -€25,673 | -7.1% |
| Other amounts payable | 178/9 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €119,035 | €116,337 | -€2,699 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €27,025 | €25,673 | -€1,352 | -5.0% |
| Trade debts | 44 | - | €2,161 | +€2,161 | |
| Suppliers | 440/4 | - | €2,161 | +€2,161 | |
| Taxes, remuneration and social security | 45 | - | €2,156 | +€2,156 | |
| Taxes | 450/3 | - | €2,156 | +€2,156 | |
| Other amounts payable | 47/48 | €92,011 | €86,347 | -€5,664 | -6.2% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,553 | +€53 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,204 | €39,129 | +€925 | +2.4% |
| Other operating charges | 640/8 | €5,611 | €5,537 | -€75 | -1.3% |
| Gross operating margin | 9900 | €47,837 | €64,079 | +€16,242 | +34.0% |
| Operating profit (loss) | 9901 | €4,022 | €19,413 | +€15,392 | +383% |
| Financial income | 75/76B | €50 | €0 | -€50 | -100.0% |
| Recurring financial income | 75 | €50 | €0 | -€50 | -100.0% |
| Financial charges | 65/66B | €3,201 | €6,229 | +€3,028 | +94.6% |
| Recurring financial charges | 65 | €3,201 | €6,229 | +€3,028 | +94.6% |
| Profit (loss) for the period before taxes | 9903 | €871 | €13,184 | +€12,313 | +1,414% |
| Income taxes | 67/77 | €343 | €3,325 | +€2,982 | +869% |
| Profit (loss) for the period | 9904 | €527 | €9,859 | +€9,332 | +1,769% |
| Profit (loss) for the period to be appropriated | 9905 | €527 | €9,859 | +€9,332 | +1,769% |
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 16 October 2026 via checked.be.