Mistral Bree: 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 Bree
Largest movements
- Tangible fixed assets -€44,402
down €44,402 (-12.7%), from €349,108 to €304,706
of which Land and buildings: -€37,330
- Cash +€33,697
up €33,697 (+30.8%), from €109,421 to €143,118
mainly Net result for the year (+€104,449) and Depreciation (+€63,997)
- Receivables within one year +€9,898
up €9,898 (+2.7%), from €363,194 to €373,091
of which Trade receivables: +€7,777
- Stocks and contracts +€9,313
up €9,313 (+44.9%), from €20,762 to €30,075
- Reserves +€47,941
up €47,941 (+10.8%), from €443,582 to €491,523
of which Distributable reserves: +€47,941
- Debts after one year -€36,058
down €36,058 (-17.1%), from €210,866 to €174,808
- Other debts -€14,440
down €14,440 (-43.8%), from €33,000 to €18,560
- Staff costs +€36,563
up €36,563 (+10.3%), from €355,358 to €391,921
- Gross operating margin +€31,834
up €31,834 (+5.4%), from €584,377 to €616,210
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 | €853,990 | €867,774 | +€13,784 | +1.6% |
| Fixed assets | 21/28 | €349,600 | €304,952 | -€44,648 | -12.8% |
| Intangible fixed assets | 21 | €492 | €246 | -€246 | -50.0% |
| Tangible fixed assets | 22/27 | €349,108 | €304,706 | -€44,402 | -12.7% |
| Land and buildings | 22 | €300,165 | €262,835 | -€37,330 | -12.4% |
| Plant, machinery and equipment | 23 | €40,032 | €38,808 | -€1,224 | -3.1% |
| Furniture and vehicles | 24 | €8,911 | €3,063 | -€5,848 | -65.6% |
| Current assets | 29/58 | €504,391 | €562,823 | +€58,432 | +11.6% |
| Stocks and contracts in progress | 3 | €20,762 | €30,075 | +€9,313 | +44.9% |
| Stocks | 30/36 | €20,762 | €30,075 | +€9,313 | +44.9% |
| Amounts receivable within one year | 40/41 | €363,194 | €373,091 | +€9,898 | +2.7% |
| Trade receivables | 40 | €5,652 | €13,429 | +€7,777 | +138% |
| Other amounts receivable | 41 | €357,541 | €359,662 | +€2,120 | +0.6% |
| Cash at bank and in hand | 54/58 | €109,421 | €143,118 | +€33,697 | +30.8% |
| Deferred charges and accrued income | 490/1 | €11,014 | €16,539 | +€5,525 | +50.2% |
| Total equity and liabilities | 10/49 | €853,990 | €867,774 | +€13,784 | +1.6% |
| Equity | 10/15 | €463,582 | €511,523 | +€47,941 | +10.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €443,582 | €491,523 | +€47,941 | +10.8% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €424,832 | €472,773 | +€47,941 | +11.3% |
| Amounts payable | 17/49 | €390,408 | €356,251 | -€34,157 | -8.7% |
| Amounts payable after more than one year | 17 | €210,866 | €174,808 | -€36,058 | -17.1% |
| Financial debts | 170/4 | €210,866 | €174,808 | -€36,058 | -17.1% |
| Amounts payable within one year | 42/48 | €179,542 | €181,443 | +€1,901 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €39,661 | €41,145 | +€1,484 | +3.7% |
| Trade debts | 44 | €43,195 | €50,846 | +€7,651 | +17.7% |
| Suppliers | 440/4 | €43,195 | €50,846 | +€7,651 | +17.7% |
| Taxes, remuneration and social security | 45 | €63,686 | €70,892 | +€7,206 | +11.3% |
| Taxes | 450/3 | €16,738 | €22,027 | +€5,288 | +31.6% |
| Remuneration and social security | 454/9 | €46,948 | €48,866 | +€1,918 | +4.1% |
| Other amounts payable | 47/48 | €33,000 | €18,560 | -€14,440 | -43.8% |
| Non-recurring operating income | 76A | €1,450 | - | -€1,450 | |
| Remuneration, social security and pensions | 62 | €355,358 | €391,921 | +€36,563 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,442 | €63,997 | +€554 | +0.9% |
| Other operating charges | 640/8 | €5,744 | €5,483 | -€261 | -4.5% |
| Gross operating margin | 9900 | €584,377 | €616,210 | +€31,834 | +5.4% |
| Operating profit (loss) | 9901 | €159,832 | €154,810 | -€5,022 | -3.1% |
| Financial income | 75/76B | €7,023 | €7,852 | +€830 | +11.8% |
| Recurring financial income | 75 | €7,023 | €7,852 | +€830 | +11.8% |
| Financial charges | 65/66B | €20,469 | €18,204 | -€2,266 | -11.1% |
| Recurring financial charges | 65 | €20,469 | €18,204 | -€2,266 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €146,386 | €144,459 | -€1,927 | -1.3% |
| Income taxes | 67/77 | €38,002 | €40,010 | +€2,008 | +5.3% |
| Profit (loss) for the period | 9904 | €108,383 | €104,449 | -€3,934 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €108,383 | €104,449 | -€3,934 | -3.6% |
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 23 October 2026 via checked.be.