Mistral 2022: 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 2022
Largest movements
- Tangible fixed assets -€254,416
down €254,416 (-5.4%), from €4.7m to €4.5m
- Receivables within one year +€105,843
up €105,843 (+37.3%), from €283,701 to €389,544
of which Trade receivables: +€243,290
- Debts after one year -€275,032
down €275,032 (-8.1%), from €3.4m to €3.1m
- Reserves +€191,708
up €191,708 (+113%), from €169,936 to €361,644
- Current portion of long-term debt -€79,057
down €79,057 (-22.3%), from €354,089 to €275,032
- Other debts +€78,137
up €78,137 (+10.4%), from €752,711 to €830,848
- Financial charges -€34,829
down €34,829 (-26.5%), from €131,418 to €96,589
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 | €5,126,147 | €5,027,936 | -€98,211 | -1.9% |
| Fixed assets | 21/28 | €4,749,096 | €4,494,680 | -€254,416 | -5.4% |
| Tangible fixed assets | 22/27 | €4,749,096 | €4,494,680 | -€254,416 | -5.4% |
| Land and buildings | 22 | €4,749,096 | €4,494,680 | -€254,416 | -5.4% |
| Current assets | 29/58 | €377,051 | €533,256 | +€156,205 | +41.4% |
| Amounts receivable within one year | 40/41 | €283,701 | €389,544 | +€105,843 | +37.3% |
| Trade receivables | 40 | €0 | €243,290 | +€243,290 | |
| Other amounts receivable | 41 | €283,701 | €146,254 | -€137,448 | -48.4% |
| Cash at bank and in hand | 54/58 | €69,206 | €109,532 | +€40,326 | +58.3% |
| Deferred charges and accrued income | 490/1 | €24,143 | €34,179 | +€10,036 | +41.6% |
| Total equity and liabilities | 10/49 | €5,126,147 | €5,027,936 | -€98,211 | -1.9% |
| Equity | 10/15 | €569,936 | €761,644 | +€191,708 | +33.6% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €169,936 | €361,644 | +€191,708 | +113% |
| Distributable reserves | 133 | €169,936 | €361,644 | +€191,708 | +113% |
| Amounts payable | 17/49 | €4,556,211 | €4,266,292 | -€289,919 | -6.4% |
| Amounts payable after more than one year | 17 | €3,386,143 | €3,111,111 | -€275,032 | -8.1% |
| Financial debts | 170/4 | €3,386,143 | €3,111,111 | -€275,032 | -8.1% |
| Amounts payable within one year | 42/48 | €1,142,128 | €1,142,718 | +€590 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €354,089 | €275,032 | -€79,057 | -22.3% |
| Trade debts | 44 | €35,327 | €78 | -€35,250 | -99.8% |
| Suppliers | 440/4 | €35,327 | €78 | -€35,250 | -99.8% |
| Taxes, remuneration and social security | 45 | - | €36,760 | +€36,760 | |
| Taxes | 450/3 | - | €36,760 | +€36,760 | |
| Other amounts payable | 47/48 | €752,711 | €830,848 | +€78,137 | +10.4% |
| Accrued charges and deferred income | 492/3 | €27,940 | €12,463 | -€15,477 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254,416 | €254,416 | = | 0.0% |
| Other operating charges | 640/8 | €203 | €1,118 | +€915 | +451% |
| Gross operating margin | 9900 | €540,611 | €541,637 | +€1,026 | +0.2% |
| Operating profit (loss) | 9901 | €285,992 | €286,103 | +€111 | 0.0% |
| Financial income | 75/76B | €4,249 | €2,194 | -€2,055 | -48.4% |
| Recurring financial income | 75 | €4,249 | €2,194 | -€2,055 | -48.4% |
| Financial charges | 65/66B | €131,418 | €96,589 | -€34,829 | -26.5% |
| Recurring financial charges | 65 | €131,418 | €96,589 | -€34,829 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €158,823 | €191,708 | +€32,885 | +20.7% |
| Profit (loss) for the period | 9904 | €158,823 | €191,708 | +€32,885 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €158,823 | €191,708 | +€32,885 | +20.7% |
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 15 October 2026 via checked.be.