M.L.B.A.: 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.
M.L.B.A.
Largest movements
- Cash -€685
down €685 (-6.2%), from €11,003 to €10,318
mainly Trade debts (-€15,398) and Other debts (-€11,472)
- Profit (loss) carried forward +€26,297
up €26,297 (+10.1%), from -€261,290 to -€234,993
- Trade debts -€15,398
down €15,398 (-99.2%), from €15,528 to €130
- Other debts -€11,472
down €11,472 (-5.3%), from €217,666 to €206,194
- Gross operating margin -€1,044
down €1,044 (-3.8%), from €27,783 to €26,740
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.
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.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,364 | €41,791 | -€574 | -1.4% |
| Fixed assets | 21/28 | €950 | €950 | = | 0.0% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €41,414 | €40,841 | -€574 | -1.4% |
| Amounts receivable within one year | 40/41 | €30,267 | €30,371 | +€104 | +0.3% |
| Other amounts receivable | 41 | €30,267 | €30,371 | +€104 | +0.3% |
| Cash at bank and in hand | 54/58 | €11,003 | €10,318 | -€685 | -6.2% |
| Deferred charges and accrued income | 490/1 | €144 | €152 | +€8 | +5.3% |
| Total equity and liabilities | 10/49 | €42,364 | €41,791 | -€574 | -1.4% |
| Equity | 10/15 | -€190,830 | -€164,533 | +€26,297 | +13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,860 | €51,860 | = | 0.0% |
| 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 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€261,290 | -€234,993 | +€26,297 | +10.1% |
| Amounts payable | 17/49 | €233,194 | €206,324 | -€26,870 | -11.5% |
| Amounts payable within one year | 42/48 | €233,194 | €206,324 | -€26,870 | -11.5% |
| Trade debts | 44 | €15,528 | €130 | -€15,398 | -99.2% |
| Suppliers | 440/4 | €15,528 | €130 | -€15,398 | -99.2% |
| Other amounts payable | 47/48 | €217,666 | €206,194 | -€11,472 | -5.3% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €27,783 | €26,740 | -€1,044 | -3.8% |
| Operating profit (loss) | 9901 | €27,665 | €26,620 | -€1,046 | -3.8% |
| Financial charges | 65/66B | €269 | €323 | +€54 | +19.9% |
| Recurring financial charges | 65 | €269 | €323 | +€54 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €27,396 | €26,297 | -€1,099 | -4.0% |
| Profit (loss) for the period | 9904 | €27,396 | €26,297 | -€1,099 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,396 | €26,297 | -€1,099 | -4.0% |
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.