A - MODE IMMO: 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.
What changed
A - MODE IMMO
NACE 46.423, Wholesale of clothing, excluding workwear and underwear
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€343,691
2025 · €251,756+€91,935
Equity
€4.5m
2025 · €4.4m+€146,092
Cash
€39,852
2025 · €11,824+€28,028
Balance sheet total
€9.5m
2025 · €10.1m-€529,612
Largest movements
Assets
- Tangible fixed assets -€520,856
down €520,856 (-5.2%), from €10.0m to €9.4m
of which Land and buildings: -€469,731
Equity and liabilities
- Debts after one year -€717,149
down €717,149 (-14.8%), from €4.9m to €4.1m
- Reserves +€146,092
up €146,092 (+6.0%), from €2.5m to €2.6m
of which Distributable reserves: +€146,092
Income statement
- Gross operating margin +€111,570
up €111,570 (+10.0%), from €1.1m to €1.2m
- Taxes +€31,606
up €31,606 (+158.8%), from €19,902 to €51,508
- Depreciation -€18,709
down €18,709 (-3.4%), from €549,271 to €530,562
- Other operating charges +€13,638
up €13,638 (+8.7%), from €157,359 to €170,997
From the 2025 result to the 2026 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.
Result 2025
€251,756
Gross operating margin
+€111,570
Depreciation
+€18,709
Other operating charges
-€13,638
Financial income
-€4,565
Financial charges
+€11,465
Taxes
-€31,606
Result 2026
€343,691
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.0m
Investment
-€9,706
Financing
-€963,123
Cash 2025
€11,824
From operations (derived)
+€1.0m
Net result for the year
+€343,691
Depreciation
+€530,562
Receivables within one year
+€35,868
Smaller working-capital items
+€2,241
Trade debts
+€16,161
Tax, wage and social debts
+€10,565
Other debts
+€61,770
Investment (derived)
-€9,706
Investment in fixed assets (net)
-€9,706
Financing
-€963,123
Debts after one year
-€717,149
Current portion of long-term debt
-€48,375
Contributions, distributions and other
-€197,599
Cash 2026
€39,852
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,074,809 | €9,545,197 | -€529,612 | -5.3% |
| Fixed assets | 21/28 | €9,969,440 | €9,448,584 | -€520,856 | -5.2% |
| Tangible fixed assets | 22/27 | €9,964,440 | €9,443,584 | -€520,856 | -5.2% |
| Land and buildings | 22 | €9,414,849 | €8,945,118 | -€469,731 | -5.0% |
| Plant, machinery and equipment | 23 | €549,591 | €498,466 | -€51,125 | -9.3% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €105,369 | €96,613 | -€8,756 | -8.3% |
| Amounts receivable within one year | 40/41 | €89,819 | €53,951 | -€35,868 | -39.9% |
| Trade receivables | 40 | €46,721 | €53,951 | +€7,230 | +15.5% |
| Other amounts receivable | 41 | €43,098 | €0 | -€43,098 | -100.0% |
| Cash at bank and in hand | 54/58 | €11,824 | €39,852 | +€28,028 | +237.0% |
| Deferred charges and accrued income | 490/1 | €3,727 | €2,810 | -€917 | -24.6% |
| Total equity and liabilities | 10/49 | €10,074,809 | €9,545,197 | -€529,612 | -5.3% |
| Equity | 10/15 | €4,382,515 | €4,528,607 | +€146,092 | +3.3% |
| Contributions | 10/11 | €1,929,758 | €1,929,758 | = | 0.0% |
| Capital | 10 | €1,929,758 | €1,929,758 | = | 0.0% |
| Issued capital | 100 | €1,929,758 | €1,929,758 | = | 0.0% |
| Reserves | 13 | €2,452,757 | €2,598,849 | +€146,092 | +6.0% |
| Non-distributable reserves | 130/1 | €192,976 | €192,976 | = | 0.0% |
| Legal reserve | 130 | €192,976 | €192,976 | = | 0.0% |
| Distributable reserves | 133 | €2,259,782 | €2,405,873 | +€146,092 | +6.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,692,294 | €5,016,591 | -€675,703 | -11.9% |
| Amounts payable after more than one year | 17 | €4,852,198 | €4,135,050 | -€717,149 | -14.8% |
| Financial debts | 170/4 | €4,852,198 | €4,135,050 | -€717,149 | -14.8% |
| Amounts payable within one year | 42/48 | €783,854 | €823,975 | +€40,121 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €629,911 | €581,536 | -€48,375 | -7.7% |
| Trade debts | 44 | €9,944 | €26,105 | +€16,161 | +162.5% |
| Suppliers | 440/4 | €9,944 | €26,105 | +€16,161 | +162.5% |
| Taxes, remuneration and social security | 45 | €5,170 | €15,735 | +€10,565 | +204.3% |
| Taxes | 450/3 | €5,170 | €15,735 | +€10,565 | +204.3% |
| Other amounts payable | 47/48 | €138,829 | €200,599 | +€61,770 | +44.5% |
| Accrued charges and deferred income | 492/3 | €56,241 | €57,565 | +€1,324 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €549,271 | €530,562 | -€18,709 | -3.4% |
| Other operating charges | 640/8 | €157,359 | €170,997 | +€13,638 | +8.7% |
| Gross operating margin | 9900 | €1,112,526 | €1,224,096 | +€111,570 | +10.0% |
| Operating profit (loss) | 9901 | €405,896 | €522,538 | +€116,641 | +28.7% |
| Financial income | 75/76B | €4,631 | €66 | -€4,565 | -98.6% |
| Recurring financial income | 75 | €4,631 | €66 | -€4,565 | -98.6% |
| Financial charges | 65/66B | €138,870 | €127,405 | -€11,465 | -8.3% |
| Recurring financial charges | 65 | €138,870 | €127,405 | -€11,465 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €271,658 | €395,199 | +€123,541 | +45.5% |
| Income taxes | 67/77 | €19,902 | €51,508 | +€31,606 | +158.8% |
| Profit (loss) for the period | 9904 | €251,756 | €343,691 | +€91,935 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €251,756 | €343,691 | +€91,935 | +36.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.