MISTRAL CLASSICS: what changed
Two fiscal 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 CLASSICS
Largest movements
- Stocks and contracts +€78,266
up €78,266 (+59.6%), from €131,368 to €209,634
of which Stocks: +€83,631
- Tangible fixed assets -€23,962
down €23,962 (-13.1%), from €183,253 to €159,291
of which Other tangible fixed assets: -€14,988
- Intangible fixed assets -€16,141
down €16,141 (-14.2%), from €113,945 to €97,803
- Receivables within one year -€15,927
down €15,927 (-9.9%), from €160,578 to €144,651
of which Trade receivables: -€16,240
- Other debts -€311,639
down €311,639 (-99.4%), from €313,383 to €1,744
- Debts after one year +€275,497
up €275,497 (+151.2%), from €182,264 to €457,762
- Profit (loss) carried forward +€28,613
up €28,613 (+15.2%), from -€188,746 to -€160,133
- Short-term financial debts +€23,142
up €23,142 (+61.9%), from €37,394 to €60,537
- Trade debts +€7,439
up €7,439 (+7.3%), from €101,322 to €108,761
- Gross operating margin +€34,276
up €34,276 (+9.5%), from €360,449 to €394,726
- Staff costs +€10,058
up €10,058 (+3.4%), from €293,129 to €303,187
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 | €600,901 | €623,798 | +€22,897 | +3.8% |
| Formation expenses | 20 | €2,718 | €1,578 | -€1,140 | -41.9% |
| Fixed assets | 21/28 | €297,198 | €257,094 | -€40,104 | -13.5% |
| Intangible fixed assets | 21 | €113,945 | €97,803 | -€16,141 | -14.2% |
| Tangible fixed assets | 22/27 | €183,253 | €159,291 | -€23,962 | -13.1% |
| Plant, machinery and equipment | 23 | €62,704 | €57,258 | -€5,446 | -8.7% |
| Furniture and vehicles | 24 | €9,242 | €5,714 | -€3,528 | -38.2% |
| Other tangible fixed assets | 26 | €111,307 | €96,319 | -€14,988 | -13.5% |
| Current assets | 29/58 | €300,986 | €365,126 | +€64,140 | +21.3% |
| Stocks and contracts in progress | 3 | €131,368 | €209,634 | +€78,266 | +59.6% |
| Stocks | 30/36 | €91,236 | €174,867 | +€83,631 | +91.7% |
| Contracts in progress | 37 | €40,132 | €34,767 | -€5,365 | -13.4% |
| Amounts receivable within one year | 40/41 | €160,578 | €144,651 | -€15,927 | -9.9% |
| Trade receivables | 40 | €160,571 | €144,331 | -€16,240 | -10.1% |
| Other amounts receivable | 41 | €7 | €320 | +€313 | +4604.3% |
| Cash at bank and in hand | 54/58 | €3,711 | €3,759 | +€47 | +1.3% |
| Deferred charges and accrued income | 490/1 | €5,328 | €7,082 | +€1,754 | +32.9% |
| Total equity and liabilities | 10/49 | €600,901 | €623,798 | +€22,897 | +3.8% |
| Equity | 10/15 | -€128,746 | -€100,133 | +€28,613 | +22.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€188,746 | -€160,133 | +€28,613 | +15.2% |
| Amounts payable | 17/49 | €729,647 | €723,931 | -€5,715 | -0.8% |
| Amounts payable after more than one year | 17 | €182,264 | €457,762 | +€275,497 | +151.2% |
| Financial debts | 170/4 | €182,264 | €457,762 | +€275,497 | +151.2% |
| Amounts payable within one year | 42/48 | €545,675 | €266,170 | -€279,505 | -51.2% |
| Current portion of amounts payable after more than one year | 42 | €30,344 | €31,170 | +€825 | +2.7% |
| Financial debts | 43 | €37,394 | €60,537 | +€23,142 | +61.9% |
| Credit institutions | 430/8 | €37,394 | €60,537 | +€23,142 | +61.9% |
| Trade debts | 44 | €101,322 | €108,761 | +€7,439 | +7.3% |
| Suppliers | 440/4 | €101,322 | €108,761 | +€7,439 | +7.3% |
| Taxes, remuneration and social security | 45 | €63,231 | €63,958 | +€727 | +1.1% |
| Taxes | 450/3 | €34,360 | €34,070 | -€290 | -0.8% |
| Remuneration and social security | 454/9 | €28,871 | €29,888 | +€1,017 | +3.5% |
| Other amounts payable | 47/48 | €313,383 | €1,744 | -€311,639 | -99.4% |
| Accrued charges and deferred income | 492/3 | €1,708 | €0 | -€1,708 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €293,129 | €303,187 | +€10,058 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,080 | €50,040 | +€960 | +2.0% |
| Other operating charges | 640/8 | €898 | €2,956 | +€2,058 | +229.1% |
| Gross operating margin | 9900 | €360,449 | €394,726 | +€34,276 | +9.5% |
| Operating profit (loss) | 9901 | €17,342 | €38,542 | +€21,200 | +122.2% |
| Financial income | 75/76B | €1,217 | €0 | -€1,217 | -100.0% |
| Recurring financial income | 75 | €1,217 | €0 | -€1,217 | -100.0% |
| Financial charges | 65/66B | €11,437 | €9,930 | -€1,507 | -13.2% |
| Recurring financial charges | 65 | €11,437 | €9,930 | -€1,507 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €7,122 | €28,613 | +€21,491 | +301.8% |
| Profit (loss) for the period | 9904 | €7,122 | €28,613 | +€21,491 | +301.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,122 | €28,613 | +€21,491 | +301.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.