MBADVICE: 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.
MBADVICE
Largest movements
- Receivables within one year -€63,355
down €63,355 (-45.9%), from €137,960 to €74,605
of which Other amounts receivable: -€53,761
- Cash +€34,554
up €34,554 (+19.1%), from €180,511 to €215,066
mainly Receivables within one year (+€63,355) and Net result for the year (+€38,187)
- Other debts -€20,000
down €20,000 (-32.9%), from €60,873 to €40,873
- Trade debts -€10,118
down €10,118 (-9.9%), from €101,876 to €91,759
- Gross operating margin -€12,383
down €12,383 (-16.9%), from €73,466 to €61,084
- Taxes -€2,948
down €2,948 (-14.6%), from €20,148 to €17,200
- Depreciation +€912
up €912 (+76.4%), from €1,194 to €2,106
- Financial charges +€742
up €742 (+55.1%), from €1,346 to €2,088
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 | €327,606 | €298,423 | -€29,184 | -8.9% |
| Fixed assets | 21/28 | €6,936 | €6,358 | -€578 | -8.3% |
| Tangible fixed assets | 22/27 | €6,837 | €6,259 | -€578 | -8.5% |
| Plant, machinery and equipment | 23 | €3,482 | €2,904 | -€578 | -16.6% |
| Furniture and vehicles | 24 | €3,355 | €3,355 | = | 0.0% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €320,671 | €292,065 | -€28,606 | -8.9% |
| Amounts receivable within one year | 40/41 | €137,960 | €74,605 | -€63,355 | -45.9% |
| Trade receivables | 40 | €72,667 | €63,073 | -€9,594 | -13.2% |
| Other amounts receivable | 41 | €65,293 | €11,532 | -€53,761 | -82.3% |
| Cash at bank and in hand | 54/58 | €180,511 | €215,066 | +€34,554 | +19.1% |
| Deferred charges and accrued income | 490/1 | €2,199 | €2,394 | +€195 | +8.9% |
| Total equity and liabilities | 10/49 | €327,606 | €298,423 | -€29,184 | -8.9% |
| Equity | 10/15 | €154,593 | €152,780 | -€1,813 | -1.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €142,193 | €140,380 | -€1,813 | -1.3% |
| Distributable reserves | 133 | €142,193 | €140,380 | -€1,813 | -1.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €173,013 | €145,643 | -€27,370 | -15.8% |
| Amounts payable within one year | 42/48 | €173,013 | €145,643 | -€27,370 | -15.8% |
| Financial debts | 43 | €6,763 | €7,036 | +€273 | +4.0% |
| Credit institutions | 430/8 | €6,763 | €7,036 | +€273 | +4.0% |
| Trade debts | 44 | €101,876 | €91,759 | -€10,118 | -9.9% |
| Suppliers | 440/4 | €101,876 | €91,759 | -€10,118 | -9.9% |
| Taxes, remuneration and social security | 45 | €3,500 | €5,974 | +€2,474 | +70.7% |
| Taxes | 450/3 | €3,500 | €5,974 | +€2,474 | +70.7% |
| Other amounts payable | 47/48 | €60,873 | €40,873 | -€20,000 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,194 | €2,106 | +€912 | +76.4% |
| Other operating charges | 640/8 | €1,493 | €1,612 | +€119 | +8.0% |
| Gross operating margin | 9900 | €73,466 | €61,084 | -€12,383 | -16.9% |
| Operating profit (loss) | 9901 | €70,780 | €57,366 | -€13,414 | -19.0% |
| Financial income | 75/76B | €19 | €109 | +€90 | +466.9% |
| Recurring financial income | 75 | €19 | €109 | +€90 | +466.9% |
| Financial charges | 65/66B | €1,346 | €2,088 | +€742 | +55.1% |
| Recurring financial charges | 65 | €1,346 | €2,088 | +€742 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | €69,453 | €55,387 | -€14,066 | -20.3% |
| Income taxes | 67/77 | €20,148 | €17,200 | -€2,948 | -14.6% |
| Profit (loss) for the period | 9904 | €49,305 | €38,187 | -€11,118 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,305 | €38,187 | -€11,118 | -22.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.