MYSTRAL: 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.
MYSTRAL
Largest movements
- Receivables after one year -€159,620
down €159,620 (-30.5%), from €524,203 to €364,583
- Receivables within one year +€25,432
up €25,432 (+124.6%), from €20,416 to €45,848
of which Other amounts receivable: +€39,436
- Tangible fixed assets -€11,936
down €11,936 (-6.3%), from €188,326 to €176,390
of which Land and buildings: -€10,593
- Other debts -€40,032
down €40,032 (-32.2%), from €124,156 to €84,124
- Reserves -€38,137
down €38,137 (-7.0%), from €546,256 to €508,120
of which Distributable reserves: -€38,137
- Trade debts -€19,476
down €19,476 (-86.1%), from €22,633 to €3,156
- Debts after one year -€18,663
down €18,663 (-54.0%), from €34,573 to €15,910
- Profit (loss) carried forward -€18,404
down €18,404, from €0 to -€18,404
- Gross operating margin -€114,725
down €114,725, from €66,766 to -€47,959
- Taxes -€14,800
down €14,800 (-99.9%), from €14,809 to €9
- Depreciation +€6,188
up €6,188 (+47.8%), from €12,957 to €19,146
- Financial income -€4,835
down €4,835 (-24.2%), from €19,945 to €15,111
- Staff costs -€2,362
down €2,362 (-100.0%), from €2,362 to €0
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 | €776,265 | €622,706 | -€153,559 | -19.8% |
| Fixed assets | 21/28 | €188,376 | €176,440 | -€11,936 | -6.3% |
| Tangible fixed assets | 22/27 | €188,326 | €176,390 | -€11,936 | -6.3% |
| Land and buildings | 22 | €165,913 | €155,320 | -€10,593 | -6.4% |
| Plant, machinery and equipment | 23 | €0 | €6,439 | +€6,439 | |
| Furniture and vehicles | 24 | €22,413 | €14,631 | -€7,783 | -34.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €587,889 | €446,266 | -€141,623 | -24.1% |
| Amounts receivable after more than one year | 29 | €524,203 | €364,583 | -€159,620 | -30.5% |
| Other amounts receivable | 291 | €524,203 | €364,583 | -€159,620 | -30.5% |
| Amounts receivable within one year | 40/41 | €20,416 | €45,848 | +€25,432 | +124.6% |
| Trade receivables | 40 | €16,878 | €2,874 | -€14,004 | -83.0% |
| Other amounts receivable | 41 | €3,538 | €42,974 | +€39,436 | +1114.6% |
| Cash at bank and in hand | 54/58 | €41,678 | €34,082 | -€7,596 | -18.2% |
| Deferred charges and accrued income | 490/1 | €1,592 | €1,753 | +€161 | +10.1% |
| Total equity and liabilities | 10/49 | €776,265 | €622,706 | -€153,559 | -19.8% |
| Equity | 10/15 | €552,464 | €495,924 | -€56,541 | -10.2% |
| Contributions | 10/11 | €6,208 | €6,208 | = | 0.0% |
| Reserves | 13 | €546,256 | €508,120 | -€38,137 | -7.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €544,396 | €506,260 | -€38,137 | -7.0% |
| Profit (loss) carried forward | 14 | €0 | -€18,404 | -€18,404 | |
| Amounts payable | 17/49 | €223,801 | €126,782 | -€97,018 | -43.4% |
| Amounts payable after more than one year | 17 | €34,573 | €15,910 | -€18,663 | -54.0% |
| Financial debts | 170/4 | €34,573 | €15,910 | -€18,663 | -54.0% |
| Amounts payable within one year | 42/48 | €186,302 | €109,103 | -€77,199 | -41.4% |
| Current portion of amounts payable after more than one year | 42 | €26,773 | €21,217 | -€5,556 | -20.8% |
| Financial debts | 43 | €10,801 | €0 | -€10,801 | -100.0% |
| Credit institutions | 430/8 | €10,801 | €0 | -€10,801 | -100.0% |
| Trade debts | 44 | €22,633 | €3,156 | -€19,476 | -86.1% |
| Suppliers | 440/4 | €22,633 | €3,156 | -€19,476 | -86.1% |
| Taxes, remuneration and social security | 45 | €1,939 | €606 | -€1,333 | -68.8% |
| Taxes | 450/3 | €1,939 | €606 | -€1,333 | -68.8% |
| Other amounts payable | 47/48 | €124,156 | €84,124 | -€40,032 | -32.2% |
| Accrued charges and deferred income | 492/3 | €2,925 | €1,769 | -€1,156 | -39.5% |
| Remuneration, social security and pensions | 62 | €2,362 | €0 | -€2,362 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,957 | €19,146 | +€6,188 | +47.8% |
| Other operating charges | 640/8 | €1,769 | €927 | -€842 | -47.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €66,766 | -€47,959 | -€114,725 | |
| Operating profit (loss) | 9901 | €49,678 | -€68,031 | -€117,710 | |
| Financial income | 75/76B | €19,945 | €15,111 | -€4,835 | -24.2% |
| Recurring financial income | 75 | €19,945 | €15,111 | -€4,835 | -24.2% |
| Financial charges | 65/66B | €5,364 | €3,611 | -€1,753 | -32.7% |
| Recurring financial charges | 65 | €5,364 | €3,611 | -€1,753 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €64,260 | -€56,531 | -€120,791 | |
| Income taxes | 67/77 | €14,809 | €9 | -€14,800 | -99.9% |
| Profit (loss) for the period | 9904 | €49,451 | -€56,541 | -€105,992 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,451 | -€56,541 | -€105,992 |
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.