A - MODE STOCK: 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.
What changed
A - MODE STOCK
NACE 46.423, Wholesale of clothing, excluding workwear and underwear
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€408,551
2025 · €301,882+€106,669
Equity
€3.5m
2025 · €3.3m+€173,235
Cash
€113,025
2025 · €63,688+€49,336
Balance sheet total
€5.3m
2025 · €7.1m-€1.7m
Largest movements
Assets
- Receivables after one year -€2.1m
down €2.1m (-72.5%), from €2.9m to €790,602
- Stocks and contracts +€379,025
up €379,025 (+12.1%), from €3.1m to €3.5m
Equity and liabilities
- Other debts -€1.4m
down €1.4m (-85.4%), from €1.6m to €235,315
- Debts after one year -€566,840
down €566,840 (-78.5%), from €722,538 to €155,698
- Reserves +€173,235
up €173,235 (+6.5%), from €2.7m to €2.8m
of which Distributable reserves: +€173,235
- Trade debts +€99,958
up €99,958 (+9.1%), from €1.1m to €1.2m
Income statement
- Gross operating margin +€129,826
up €129,826 (+23.6%), from €550,465 to €680,291
- Staff costs +€26,354
up €26,354 (+8.4%), from €314,240 to €340,594
- Financial charges -€20,065
down €20,065 (-26.6%), from €75,495 to €55,431
- Taxes +€14,081
up €14,081 (+29.3%), from €48,000 to €62,080
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
€301,882
Gross operating margin
+€129,826
Staff costs
-€26,354
Depreciation
-€4
Other operating charges
-€603
Financial income
-€2,180
Financial charges
+€20,065
Taxes
-€14,081
Result 2026
€408,551
raises the resultlowers the result
Derived cash bridge
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
+€917,061
Investment
-€2,500
Financing
-€865,225
Cash 2025
€63,688
From operations (derived)
+€917,061
Net result for the year
+€408,551
Depreciation
+€71,938
Receivables after one year
+€2.1m
Stocks and contracts
-€379,025
Receivables within one year
+€15,426
Deferred charges and accrued income
+€4,767
Trade debts
+€99,958
Tax, wage and social debts
-€18,525
Other debts
-€1.4m
Accrued charges and deferred income
+€5,400
Investment (derived)
-€2,500
Investment in fixed assets (net)
-€2,500
Financing
-€865,225
Debts after one year
-€566,840
Current portion of long-term debt
-€63,069
Contributions, distributions and other
-€235,315
Cash 2026
€113,025
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,068,630 | €5,320,363 | -€1.7m | -24.7% |
| Fixed assets | 21/28 | €737,628 | €668,190 | -€69,438 | -9.4% |
| Tangible fixed assets | 22/27 | €737,628 | €668,190 | -€69,438 | -9.4% |
| Plant, machinery and equipment | 23 | €679,361 | €618,259 | -€61,103 | -9.0% |
| Furniture and vehicles | 24 | €58,266 | €49,931 | -€8,335 | -14.3% |
| Current assets | 29/58 | €6,331,002 | €4,652,174 | -€1.7m | -26.5% |
| Amounts receivable after more than one year | 29 | €2,877,599 | €790,602 | -€2.1m | -72.5% |
| Other amounts receivable | 291 | €2,877,599 | €790,602 | -€2.1m | -72.5% |
| Stocks and contracts in progress | 3 | €3,144,958 | €3,523,984 | +€379,025 | +12.1% |
| Stocks | 30/36 | €3,144,958 | €3,523,984 | +€379,025 | +12.1% |
| Amounts receivable within one year | 40/41 | €204,387 | €188,960 | -€15,426 | -7.5% |
| Trade receivables | 40 | €26,941 | €30,839 | +€3,898 | +14.5% |
| Other amounts receivable | 41 | €177,446 | €158,122 | -€19,325 | -10.9% |
| Cash at bank and in hand | 54/58 | €63,688 | €113,025 | +€49,336 | +77.5% |
| Deferred charges and accrued income | 490/1 | €40,370 | €35,603 | -€4,767 | -11.8% |
| Total equity and liabilities | 10/49 | €7,068,630 | €5,320,363 | -€1.7m | -24.7% |
| Equity | 10/15 | €3,299,417 | €3,472,653 | +€173,235 | +5.3% |
| Contributions | 10/11 | €624,334 | €624,334 | = | 0.0% |
| Capital | 10 | €624,334 | €624,334 | = | 0.0% |
| Issued capital | 100 | €624,334 | €624,334 | = | 0.0% |
| Reserves | 13 | €2,675,084 | €2,848,319 | +€173,235 | +6.5% |
| Non-distributable reserves | 130/1 | €62,433 | €62,433 | = | 0.0% |
| Legal reserve | 130 | €62,433 | €62,433 | = | 0.0% |
| Distributable reserves | 133 | €2,612,651 | €2,785,886 | +€173,235 | +6.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,769,213 | €1,847,711 | -€1.9m | -51.0% |
| Amounts payable after more than one year | 17 | €722,538 | €155,698 | -€566,840 | -78.5% |
| Financial debts | 170/4 | €722,538 | €155,698 | -€566,840 | -78.5% |
| Amounts payable within one year | 42/48 | €3,031,570 | €1,671,508 | -€1.4m | -44.9% |
| Current portion of amounts payable after more than one year | 42 | €247,366 | €184,297 | -€63,069 | -25.5% |
| Trade debts | 44 | €1,096,259 | €1,196,216 | +€99,958 | +9.1% |
| Suppliers | 440/4 | €1,096,259 | €1,196,216 | +€99,958 | +9.1% |
| Taxes, remuneration and social security | 45 | €74,205 | €55,679 | -€18,525 | -25.0% |
| Taxes | 450/3 | €24,547 | €1,265 | -€23,282 | -94.8% |
| Remuneration and social security | 454/9 | €49,658 | €54,415 | +€4,757 | +9.6% |
| Other amounts payable | 47/48 | €1,613,740 | €235,315 | -€1.4m | -85.4% |
| Accrued charges and deferred income | 492/3 | €15,105 | €20,505 | +€5,400 | +35.7% |
| Remuneration, social security and pensions | 62 | €314,240 | €340,594 | +€26,354 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,934 | €71,938 | +€4 | 0.0% |
| Other operating charges | 640/8 | €959 | €1,561 | +€603 | +62.8% |
| Gross operating margin | 9900 | €550,465 | €680,291 | +€129,826 | +23.6% |
| Operating profit (loss) | 9901 | €163,333 | €266,197 | +€102,865 | +63.0% |
| Financial income | 75/76B | €262,044 | €259,864 | -€2,180 | -0.8% |
| Recurring financial income | 75 | €262,044 | €259,864 | -€2,180 | -0.8% |
| Financial charges | 65/66B | €75,495 | €55,431 | -€20,065 | -26.6% |
| Recurring financial charges | 65 | €75,495 | €55,431 | -€20,065 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €349,882 | €470,631 | +€120,749 | +34.5% |
| Income taxes | 67/77 | €48,000 | €62,080 | +€14,081 | +29.3% |
| Profit (loss) for the period | 9904 | €301,882 | €408,551 | +€106,669 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €301,882 | €408,551 | +€106,669 | +35.3% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.