MISTY CLIFFS: 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.
MISTY CLIFFS
Largest movements
- Cash -€67,108
down €67,108 (-91.0%), from €73,781 to €6,674
mainly Contributions, distributions and other (-€62,000) and Receivables within one year (-€46,346)
- Receivables within one year +€46,346
up €46,346 (+178.9%), from €25,904 to €72,250
of which Trade receivables: +€33,447
- Tangible fixed assets -€8,490
down €8,490 (-33.4%), from €25,445 to €16,955
of which Other tangible fixed assets: -€5,268
- Other debts -€38,581
down €38,581 (-37.6%), from €102,479 to €63,898
- Tax, wage and social debts +€32,390
up €32,390 (+969.6%), from €3,341 to €35,731
of which Taxes: +€32,390
- Reserves -€19,000
down €19,000 (-20.4%), from €93,100 to €74,100
- Trade debts -€4,581
down €4,581 (-85.2%), from €5,377 to €795
- Gross operating margin +€78,243
up €78,243, from -€2,430 to €75,813
- Taxes +€19,550
up €19,550 (+9529.1%), from €205 to €19,755
- Financial income -€6,489
down €6,489 (-45.4%), from €14,293 to €7,804
- Depreciation +€1,273
up €1,273 (+17.6%), from €7,217 to €8,490
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 | €211,970 | €182,843 | -€29,126 | -13.7% |
| Fixed assets | 21/28 | €112,086 | €103,596 | -€8,490 | -7.6% |
| Tangible fixed assets | 22/27 | €25,445 | €16,955 | -€8,490 | -33.4% |
| Furniture and vehicles | 24 | €3,336 | €114 | -€3,222 | -96.6% |
| Other tangible fixed assets | 26 | €22,110 | €16,841 | -€5,268 | -23.8% |
| Financial fixed assets | 28 | €86,641 | €86,641 | = | 0.0% |
| Current assets | 29/58 | €99,883 | €79,247 | -€20,636 | -20.7% |
| Amounts receivable within one year | 40/41 | €25,904 | €72,250 | +€46,346 | +178.9% |
| Trade receivables | 40 | €6,451 | €39,897 | +€33,447 | +518.5% |
| Other amounts receivable | 41 | €19,453 | €32,353 | +€12,899 | +66.3% |
| Cash at bank and in hand | 54/58 | €73,781 | €6,674 | -€67,108 | -91.0% |
| Deferred charges and accrued income | 490/1 | €198 | €323 | +€125 | +63.0% |
| Total equity and liabilities | 10/49 | €211,970 | €182,843 | -€29,126 | -13.7% |
| Equity | 10/15 | €100,773 | €82,419 | -€18,355 | -18.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €93,100 | €74,100 | -€19,000 | -20.4% |
| Distributable reserves | 133 | €93,100 | €74,100 | -€19,000 | -20.4% |
| Profit (loss) carried forward | 14 | €6,673 | €7,319 | +€645 | +9.7% |
| Amounts payable | 17/49 | €111,196 | €100,424 | -€10,772 | -9.7% |
| Amounts payable within one year | 42/48 | €111,196 | €100,424 | -€10,772 | -9.7% |
| Trade debts | 44 | €5,377 | €795 | -€4,581 | -85.2% |
| Suppliers | 440/4 | €5,377 | €795 | -€4,581 | -85.2% |
| Taxes, remuneration and social security | 45 | €3,341 | €35,731 | +€32,390 | +969.6% |
| Taxes | 450/3 | €3,341 | €35,731 | +€32,390 | +969.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €102,479 | €63,898 | -€38,581 | -37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,217 | €8,490 | +€1,273 | +17.6% |
| Other operating charges | 640/8 | €486 | €502 | +€15 | +3.2% |
| Non-recurring operating charges | 66A | - | €10,000 | +€10,000 | |
| Gross operating margin | 9900 | -€2,430 | €75,813 | +€78,243 | |
| Operating profit (loss) | 9901 | -€10,133 | €56,822 | +€66,955 | |
| Financial income | 75/76B | €14,293 | €7,804 | -€6,489 | -45.4% |
| Recurring financial income | 75 | €14,293 | €7,804 | -€6,489 | -45.4% |
| Financial charges | 65/66B | €1,531 | €1,226 | -€305 | -19.9% |
| Recurring financial charges | 65 | €1,531 | €1,226 | -€305 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €2,630 | €63,400 | +€60,771 | +2311.0% |
| Income taxes | 67/77 | €205 | €19,755 | +€19,550 | +9529.1% |
| Profit (loss) for the period | 9904 | €2,424 | €43,645 | +€41,221 | +1700.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,424 | €43,645 | +€41,221 | +1700.2% |
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 7 October 2026 via checked.be.