DAVID MODAVE MANAGEMENT: what changed
What changed
DAVID MODAVE MANAGEMENT
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€103,274
2024 · €123,154-€19,880
Equity
€542,197
2024 · €438,923+€103,274
Cash
€219,204
2024 · €181,227+€37,978
Balance sheet total
€1.2m
2024 · €1.1m+€125,091
Largest movements
Assets
- Tangible fixed assets +€96,430
up €96,430 (+107%), from €90,391 to €186,820
- Cash +€37,978
up €37,978 (+21.0%), from €181,227 to €219,204
mainly Net result for the year (+€103,274) and Depreciation (+€31,420)
- Stocks and contracts -€16,322
down €16,322 (-68.2%), from €23,934 to €7,612
Equity and liabilities
- Profit (loss) carried forward +€103,274
up €103,274 (+24.1%), from €428,923 to €532,197
Income statement
- Depreciation +€17,011
up €17,011 (+118%), from €14,408 to €31,420
- Gross operating margin -€6,081
down €6,081 (-3.0%), from €202,240 to €196,159
- Taxes -€3,559
down €3,559 (-8.0%), from €44,505 to €40,946
- Financial income +€2,269
up €2,269 (+290%), from €782 to €3,051
- Other operating charges +€2,099
up €2,099 (+346%), from €607 to €2,705
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€123,154
Gross operating margin
-€6,081
Depreciation
-€17,011
Other operating charges
-€2,099
Financial income
+€2,269
Financial charges
-€518
Taxes
+€3,559
Result 2025
€103,274
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€151,113
Investment
-€127,850
Financing
+€14,714
Cash 2024
€181,227
From operations (derived)
+€151,113
Net result for the year
+€103,274
Depreciation
+€31,420
Stocks and contracts
+€16,322
Receivables within one year
-€4,696
Deferred charges and accrued income
-€2,310
Trade debts
-€932
Tax, wage and social debts
-€2,004
Other debts
+€8,212
Accrued charges and deferred income
+€1,827
Investment (derived)
-€127,850
Investment in fixed assets (net)
-€127,850
Financing
+€14,714
Debts after one year
+€4,275
Current portion of long-term debt
+€10,439
Cash 2025
€219,204
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,112,048 | €1,237,139 | +€125,091 | +11.2% |
| Fixed assets | 21/28 | €851,791 | €948,220 | +€96,430 | +11.3% |
| Tangible fixed assets | 22/27 | €90,391 | €186,820 | +€96,430 | +107% |
| Furniture and vehicles | 24 | €2,693 | €11,798 | +€9,104 | +338% |
| Leasing and similar rights | 25 | €15,041 | €60,232 | +€45,191 | +300% |
| Other tangible fixed assets | 26 | €72,657 | €114,791 | +€42,134 | +58.0% |
| Financial fixed assets | 28 | €761,400 | €761,400 | = | 0.0% |
| Current assets | 29/58 | €260,257 | €288,918 | +€28,661 | +11.0% |
| Stocks and contracts in progress | 3 | €23,934 | €7,612 | -€16,322 | -68.2% |
| Stocks | 30/36 | €23,934 | €7,612 | -€16,322 | -68.2% |
| Amounts receivable within one year | 40/41 | €53,562 | €58,258 | +€4,696 | +8.8% |
| Trade receivables | 40 | €34,861 | €30,269 | -€4,592 | -13.2% |
| Other amounts receivable | 41 | €18,701 | €27,989 | +€9,288 | +49.7% |
| Cash at bank and in hand | 54/58 | €181,227 | €219,204 | +€37,978 | +21.0% |
| Deferred charges and accrued income | 490/1 | €1,534 | €3,844 | +€2,310 | +151% |
| Total equity and liabilities | 10/49 | €1,112,048 | €1,237,139 | +€125,091 | +11.2% |
| Equity | 10/15 | €438,923 | €542,197 | +€103,274 | +23.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €428,923 | €532,197 | +€103,274 | +24.1% |
| Amounts payable | 17/49 | €673,124 | €694,942 | +€21,817 | +3.2% |
| Amounts payable after more than one year | 17 | €404,277 | €408,552 | +€4,275 | +1.1% |
| Financial debts | 170/4 | €404,277 | €408,552 | +€4,275 | +1.1% |
| Amounts payable within one year | 42/48 | €268,418 | €284,134 | +€15,715 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €88,017 | €98,457 | +€10,439 | +11.9% |
| Trade debts | 44 | €7,012 | €6,080 | -€932 | -13.3% |
| Suppliers | 440/4 | €7,012 | €6,080 | -€932 | -13.3% |
| Taxes, remuneration and social security | 45 | €22,529 | €20,524 | -€2,004 | -8.9% |
| Taxes | 450/3 | €21,029 | €19,024 | -€2,004 | -9.5% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €150,861 | €159,073 | +€8,212 | +5.4% |
| Accrued charges and deferred income | 492/3 | €429 | €2,256 | +€1,827 | +426% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,408 | €31,420 | +€17,011 | +118% |
| Other operating charges | 640/8 | €607 | €2,705 | +€2,099 | +346% |
| Gross operating margin | 9900 | €202,240 | €196,159 | -€6,081 | -3.0% |
| Operating profit (loss) | 9901 | €187,225 | €162,034 | -€25,191 | -13.5% |
| Financial income | 75/76B | €782 | €3,051 | +€2,269 | +290% |
| Recurring financial income | 75 | €782 | €3,051 | +€2,269 | +290% |
| Financial charges | 65/66B | €20,348 | €20,866 | +€518 | +2.5% |
| Recurring financial charges | 65 | €20,348 | €20,866 | +€518 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €167,659 | €144,219 | -€23,439 | -14.0% |
| Income taxes | 67/77 | €44,505 | €40,946 | -€3,559 | -8.0% |
| Profit (loss) for the period | 9904 | €123,154 | €103,274 | -€19,880 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €123,154 | €103,274 | -€19,880 | -16.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.