MB-TRADE: 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.
MB-TRADE
Largest movements
- Receivables within one year +€149,764
up €149,764 (+150.1%), from €99,798 to €249,562
of which Other amounts receivable: +€126,547
- Cash -€44,372
down €44,372 (-90.2%), from €49,219 to €4,848
mainly Contributions, distributions and other (-€400,000) and Receivables within one year (-€149,764)
- Other debts +€334,534
up €334,534 (+150.9%), from €221,756 to €556,290
- Reserves -€179,730
down €179,730 (-34.0%), from €528,368 to €348,638
- Trade debts -€60,500
no longer reported in 2026 (was €60,500)
- Financial income -€275,122
down €275,122 (-57.3%), from €480,000 to €204,878
- Gross operating margin +€29,243
up €29,243 (+242.1%), from €12,079 to €41,321
- Financial charges +€9,035
up €9,035 (+9458.6%), from €96 to €9,130
- Taxes +€5,592
up €5,592 (+376.4%), from €1,485 to €7,077
- Depreciation -€649
down €649 (-6.6%), from €9,822 to €9,172
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.
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.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €830,058 | €926,278 | +€96,220 | +11.6% |
| Fixed assets | 21/28 | €681,041 | €671,869 | -€9,172 | -1.3% |
| Tangible fixed assets | 22/27 | €21,041 | €11,869 | -€9,172 | -43.6% |
| Land and buildings | 22 | €8,362 | €5,666 | -€2,697 | -32.2% |
| Furniture and vehicles | 24 | €12,679 | €6,203 | -€6,476 | -51.1% |
| Financial fixed assets | 28 | €660,000 | €660,000 | = | 0.0% |
| Current assets | 29/58 | €149,017 | €254,409 | +€105,392 | +70.7% |
| Amounts receivable within one year | 40/41 | €99,798 | €249,562 | +€149,764 | +150.1% |
| Trade receivables | 40 | €25,184 | €48,400 | +€23,217 | +92.2% |
| Other amounts receivable | 41 | €74,615 | €201,162 | +€126,547 | +169.6% |
| Cash at bank and in hand | 54/58 | €49,219 | €4,848 | -€44,372 | -90.2% |
| Total equity and liabilities | 10/49 | €830,058 | €926,278 | +€96,220 | +11.6% |
| Equity | 10/15 | €546,968 | €367,238 | -€179,730 | -32.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €528,368 | €348,638 | -€179,730 | -34.0% |
| Distributable reserves | 133 | €528,368 | €348,638 | -€179,730 | -34.0% |
| Amounts payable | 17/49 | €283,090 | €559,040 | +€275,950 | +97.5% |
| Amounts payable within one year | 42/48 | €283,090 | €559,040 | +€275,950 | +97.5% |
| Trade debts | 44 | €60,500 | - | -€60,500 | |
| Suppliers | 440/4 | €60,500 | - | -€60,500 | |
| Taxes, remuneration and social security | 45 | €834 | €2,750 | +€1,916 | +229.7% |
| Taxes | 450/3 | €834 | €2,750 | +€1,916 | +229.7% |
| Other amounts payable | 47/48 | €221,756 | €556,290 | +€334,534 | +150.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,822 | €9,172 | -€649 | -6.6% |
| Other operating charges | 640/8 | €449 | €549 | +€100 | +22.3% |
| Gross operating margin | 9900 | €12,079 | €41,321 | +€29,243 | +242.1% |
| Operating profit (loss) | 9901 | €1,807 | €31,599 | +€29,792 | +1648.3% |
| Financial income | 75/76B | €480,000 | €204,878 | -€275,122 | -57.3% |
| Recurring financial income | 75 | €480,000 | €204,878 | -€275,122 | -57.3% |
| Financial charges | 65/66B | €96 | €9,130 | +€9,035 | +9458.6% |
| Recurring financial charges | 65 | €96 | €9,130 | +€9,035 | +9458.6% |
| Profit (loss) for the period before taxes | 9903 | €481,712 | €227,347 | -€254,365 | -52.8% |
| Income taxes | 67/77 | €1,485 | €7,077 | +€5,592 | +376.4% |
| Profit (loss) for the period | 9904 | €480,226 | €220,270 | -€259,956 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €480,226 | €220,270 | -€259,956 | -54.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.