DE MODECOUPON: 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.
DE MODECOUPON
Largest movements
- Receivables within one year +€80,575
up €80,575 (+34.3%), from €235,090 to €315,665
of which Trade receivables: +€58,388
- Tangible fixed assets -€45,549
down €45,549 (-6.8%), from €673,551 to €628,002
- Cash -€42,562
down €42,562 (-99.4%), from €42,811 to €249
mainly Receivables within one year (-€80,575) and Tax, wage and social debts (-€14,948)
- Profit (loss) carried forward +€75,344
up €75,344 (+40.3%), from -€187,064 to -€111,720
- Revaluation surpluses -€42,000
down €42,000 (-8.3%), from €504,000 to €462,000
- Tax, wage and social debts -€14,948
down €14,948 (-34.3%), from €43,632 to €28,684
of which Taxes: -€15,040
- Trade debts -€13,586
down €13,586 (-15.4%), from €88,273 to €74,687
- Other debts -€12,778
down €12,778 (-4.9%), from €259,292 to €246,514
- Gross operating margin -€26,186
down €26,186 (-12.6%), from €207,157 to €180,972
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,021,740 | €1,019,299 | -€2,441 | -0.2% |
| Fixed assets | 21/28 | €673,665 | €628,116 | -€45,549 | -6.8% |
| Tangible fixed assets | 22/27 | €673,551 | €628,002 | -€45,549 | -6.8% |
| Land and buildings | 22 | €673,551 | €628,002 | -€45,549 | -6.8% |
| Financial fixed assets | 28 | €114 | €114 | = | 0.0% |
| Current assets | 29/58 | €348,075 | €391,183 | +€43,109 | +12.4% |
| Stocks and contracts in progress | 3 | €68,934 | €70,000 | +€1,066 | +1.5% |
| Stocks | 30/36 | €68,934 | €70,000 | +€1,066 | +1.5% |
| Amounts receivable within one year | 40/41 | €235,090 | €315,665 | +€80,575 | +34.3% |
| Trade receivables | 40 | €31,371 | €89,759 | +€58,388 | +186% |
| Other amounts receivable | 41 | €203,719 | €225,906 | +€22,187 | +10.9% |
| Cash at bank and in hand | 54/58 | €42,811 | €249 | -€42,562 | -99.4% |
| Deferred charges and accrued income | 490/1 | €1,239 | €5,269 | +€4,030 | +325% |
| Total equity and liabilities | 10/49 | €1,021,740 | €1,019,299 | -€2,441 | -0.2% |
| Equity | 10/15 | €586,725 | €620,069 | +€33,344 | +5.7% |
| Contributions | 10/11 | €245,000 | €245,000 | = | 0.0% |
| Capital | 10 | €245,000 | €245,000 | = | 0.0% |
| Issued capital | 100 | €245,000 | €245,000 | = | 0.0% |
| Revaluation surpluses | 12 | €504,000 | €462,000 | -€42,000 | -8.3% |
| Reserves | 13 | €24,789 | €24,789 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€187,064 | -€111,720 | +€75,344 | +40.3% |
| Amounts payable | 17/49 | €435,015 | €399,230 | -€35,785 | -8.2% |
| Amounts payable after more than one year | 17 | €43,818 | €43,818 | = | 0.0% |
| Financial debts | 170/4 | €43,000 | €43,000 | = | 0.0% |
| Other amounts payable | 178/9 | €818 | €818 | = | 0.0% |
| Amounts payable within one year | 42/48 | €391,197 | €355,306 | -€35,891 | -9.2% |
| Financial debts | 43 | - | €2,927 | +€2,927 | |
| Credit institutions | 430/8 | - | €2,927 | +€2,927 | |
| Trade debts | 44 | €88,273 | €74,687 | -€13,586 | -15.4% |
| Suppliers | 440/4 | €88,273 | €74,687 | -€13,586 | -15.4% |
| Advances received on contracts in progress | 46 | - | €2,495 | +€2,495 | |
| Taxes, remuneration and social security | 45 | €43,632 | €28,684 | -€14,948 | -34.3% |
| Taxes | 450/3 | €29,820 | €14,781 | -€15,040 | -50.4% |
| Remuneration and social security | 454/9 | €13,811 | €13,903 | +€92 | +0.7% |
| Other amounts payable | 47/48 | €259,292 | €246,514 | -€12,778 | -4.9% |
| Accrued charges and deferred income | 492/3 | €0 | €106 | +€106 | |
| Remuneration, social security and pensions | 62 | €99,268 | €99,059 | -€209 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,549 | €45,549 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €9,890 | €11,021 | +€1,131 | +11.4% |
| Gross operating margin | 9900 | €207,157 | €180,972 | -€26,186 | -12.6% |
| Operating profit (loss) | 9901 | €52,450 | €25,343 | -€27,108 | -51.7% |
| Financial income | 75/76B | €10,532 | €11,477 | +€945 | +9.0% |
| Recurring financial income | 75 | €10,532 | €11,477 | +€945 | +9.0% |
| Financial charges | 65/66B | €3,235 | €3,476 | +€240 | +7.4% |
| Recurring financial charges | 65 | €3,235 | €3,476 | +€240 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €59,747 | €33,344 | -€26,403 | -44.2% |
| Profit (loss) for the period | 9904 | €59,747 | €33,344 | -€26,403 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,747 | €33,344 | -€26,403 | -44.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.