EUROPE - MODA: 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.
EUROPE - MODA
Largest movements
- Stocks and contracts +€9,001
up €9,001 (+82.5%), from €10,915 to €19,916
- Receivables within one year +€8,585
up €8,585 (+142%), from €6,065 to €14,650
of which Trade receivables: +€7,480
- Cash -€7,787
down €7,787 (-48.3%), from €16,114 to €8,327
mainly Net result for the year (-€10,138) and Stocks and contracts (-€9,001)
- Tangible fixed assets -€852
down €852 (-17.4%), from €4,900 to €4,048
- Other debts +€15,021
up €15,021 (+83,450%), from €18 to €15,039
- Profit (loss) carried forward -€10,138
down €10,138 (-13.1%), from -€77,428 to -€87,566
- Trade debts +€3,903
up €3,903 (+4.3%), from €89,875 to €93,778
- Turnover +€68,284
up €68,284 (+50.1%), from €136,400 to €204,684
- Purchases and services +€49,738
up €49,738 (+31.2%), from €159,515 to €209,253
- Gross operating margin +€18,546
up €18,546 (+80.2%), from -€23,115 to -€4,569
- Other operating charges -€2,369
down €2,369 (-40.0%), from €5,921 to €3,552
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 | €39,807 | €48,611 | +€8,804 | +22.1% |
| Fixed assets | 21/28 | €5,533 | €4,681 | -€852 | -15.4% |
| Tangible fixed assets | 22/27 | €4,900 | €4,048 | -€852 | -17.4% |
| Other tangible fixed assets | 26 | €4,900 | €4,048 | -€852 | -17.4% |
| Financial fixed assets | 28 | €633 | €633 | = | 0.0% |
| Current assets | 29/58 | €34,274 | €43,930 | +€9,656 | +28.2% |
| Stocks and contracts in progress | 3 | €10,915 | €19,916 | +€9,001 | +82.5% |
| Stocks | 30/36 | €10,915 | €19,916 | +€9,001 | +82.5% |
| Amounts receivable within one year | 40/41 | €6,065 | €14,650 | +€8,585 | +142% |
| Trade receivables | 40 | €5,293 | €12,773 | +€7,480 | +141% |
| Other amounts receivable | 41 | €772 | €1,877 | +€1,105 | +143% |
| Cash at bank and in hand | 54/58 | €16,114 | €8,327 | -€7,787 | -48.3% |
| Deferred charges and accrued income | 490/1 | €1,180 | €1,037 | -€143 | -12.1% |
| Total equity and liabilities | 10/49 | €39,807 | €48,611 | +€8,804 | +22.1% |
| Equity | 10/15 | -€50,932 | -€61,070 | -€10,138 | -19.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,896 | €7,896 | = | 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 | €6,036 | €6,036 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,428 | -€87,566 | -€10,138 | -13.1% |
| Amounts payable | 17/49 | €90,739 | €109,681 | +€18,942 | +20.9% |
| Amounts payable within one year | 42/48 | €90,739 | €109,681 | +€18,942 | +20.9% |
| Trade debts | 44 | €89,875 | €93,778 | +€3,903 | +4.3% |
| Suppliers | 440/4 | €89,875 | €93,778 | +€3,903 | +4.3% |
| Taxes, remuneration and social security | 45 | €846 | €864 | +€18 | +2.1% |
| Taxes | 450/3 | €846 | €864 | +€18 | +2.1% |
| Other amounts payable | 47/48 | €18 | €15,039 | +€15,021 | +83,450% |
| Turnover | 70 | €136,400 | €204,684 | +€68,284 | +50.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €159,515 | €209,253 | +€49,738 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €702 | €852 | +€150 | +21.4% |
| Other operating charges | 640/8 | €5,921 | €3,552 | -€2,369 | -40.0% |
| Gross operating margin | 9900 | -€23,115 | -€4,569 | +€18,546 | +80.2% |
| Operating profit (loss) | 9901 | -€29,738 | -€8,973 | +€20,765 | +69.8% |
| Financial income | 75/76B | €20 | €28 | +€8 | +40.0% |
| Recurring financial income | 75 | €20 | €28 | +€8 | +40.0% |
| Financial charges | 65/66B | €527 | €701 | +€174 | +33.0% |
| Recurring financial charges | 65 | €527 | €701 | +€174 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | -€30,245 | -€9,646 | +€20,599 | +68.1% |
| Income taxes | 67/77 | €420 | €492 | +€72 | +17.1% |
| Profit (loss) for the period | 9904 | -€30,665 | -€10,138 | +€20,527 | +66.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,665 | -€10,138 | +€20,527 | +66.9% |
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 25 October 2026 via checked.be.