HET MODEHUIS: 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.
HET MODEHUIS
Largest movements
- Stocks and contracts -€74,865
down €74,865 (-22.5%), from €333,327 to €258,462
- Receivables within one year -€24,441
down €24,441 (-15.2%), from €161,062 to €136,621
of which Trade receivables: -€24,512
- Cash +€5,492
up €5,492 (+19.3%), from €28,470 to €33,961
mainly Stocks and contracts (+€74,865) and Other debts (+€29,895)
- Profit (loss) carried forward -€95,227
down €95,227 (-58.6%), from -€162,613 to -€257,841
- Other debts +€29,895
up €29,895 (+37.9%), from €78,933 to €108,828
- Debts after one year -€21,236
down €21,236 (-9.8%), from €217,056 to €195,820
- Tax, wage and social debts -€9,006
down €9,006 (-37.1%), from €24,250 to €15,244
of which Taxes: -€6,038
- Trade debts +€7,611
up €7,611 (+10.3%), from €73,854 to €81,465
- Gross operating margin -€80,743
down €80,743, from €42,387 to -€38,356
- Write-downs +€11,474
up €11,474 (+577%), from €1,987 to €13,461
- Financial income -€1,646
down €1,646 (-39.0%), from €4,220 to €2,574
- Depreciation +€1,282
up €1,282 (+18.4%), from €6,955 to €8,237
- Staff costs +€1,145
up €1,145 (+3.8%), from €29,806 to €30,951
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 | €540,696 | €450,167 | -€90,528 | -16.7% |
| Fixed assets | 21/28 | €16,447 | €20,248 | +€3,801 | +23.1% |
| Intangible fixed assets | 21 | €5,034 | €4,189 | -€845 | -16.8% |
| Tangible fixed assets | 22/27 | €11,227 | €15,874 | +€4,647 | +41.4% |
| Plant, machinery and equipment | 23 | €8,259 | €11,131 | +€2,872 | +34.8% |
| Furniture and vehicles | 24 | €2,969 | €1,670 | -€1,299 | -43.8% |
| Other tangible fixed assets | 26 | - | €3,073 | +€3,073 | |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €524,249 | €429,919 | -€94,330 | -18.0% |
| Stocks and contracts in progress | 3 | €333,327 | €258,462 | -€74,865 | -22.5% |
| Stocks | 30/36 | €333,327 | €258,462 | -€74,865 | -22.5% |
| Amounts receivable within one year | 40/41 | €161,062 | €136,621 | -€24,441 | -15.2% |
| Trade receivables | 40 | €161,062 | €136,550 | -€24,512 | -15.2% |
| Other amounts receivable | 41 | - | €71 | +€71 | |
| Cash at bank and in hand | 54/58 | €28,470 | €33,961 | +€5,492 | +19.3% |
| Deferred charges and accrued income | 490/1 | €1,390 | €874 | -€515 | -37.1% |
| Total equity and liabilities | 10/49 | €540,696 | €450,167 | -€90,528 | -16.7% |
| Equity | 10/15 | €122,662 | €27,435 | -€95,227 | -77.6% |
| Contributions | 10/11 | €285,000 | €285,000 | = | 0.0% |
| Reserves | 13 | €275 | €275 | = | 0.0% |
| Tax-exempt reserves | 132 | €247 | €247 | = | 0.0% |
| Distributable reserves | 133 | €28 | €28 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,613 | -€257,841 | -€95,227 | -58.6% |
| Amounts payable | 17/49 | €418,034 | €422,733 | +€4,699 | +1.1% |
| Amounts payable after more than one year | 17 | €217,056 | €195,820 | -€21,236 | -9.8% |
| Financial debts | 170/4 | €217,056 | €195,820 | -€21,236 | -9.8% |
| Amounts payable within one year | 42/48 | €200,978 | €226,773 | +€25,795 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €20,816 | €21,236 | +€420 | +2.0% |
| Trade debts | 44 | €73,854 | €81,465 | +€7,611 | +10.3% |
| Suppliers | 440/4 | €73,854 | €81,465 | +€7,611 | +10.3% |
| Advances received on contracts in progress | 46 | €3,124 | €0 | -€3,124 | -100% |
| Taxes, remuneration and social security | 45 | €24,250 | €15,244 | -€9,006 | -37.1% |
| Taxes | 450/3 | €18,131 | €12,093 | -€6,038 | -33.3% |
| Remuneration and social security | 454/9 | €6,119 | €3,150 | -€2,969 | -48.5% |
| Other amounts payable | 47/48 | €78,933 | €108,828 | +€29,895 | +37.9% |
| Accrued charges and deferred income | 492/3 | - | €140 | +€140 | |
| Remuneration, social security and pensions | 62 | €29,806 | €30,951 | +€1,145 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,955 | €8,237 | +€1,282 | +18.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,987 | €13,461 | +€11,474 | +577% |
| Other operating charges | 640/8 | €1,713 | €1,751 | +€38 | +2.2% |
| Gross operating margin | 9900 | €42,387 | -€38,356 | -€80,743 | |
| Operating profit (loss) | 9901 | €1,926 | -€92,756 | -€94,681 | |
| Financial income | 75/76B | €4,220 | €2,574 | -€1,646 | -39.0% |
| Recurring financial income | 75 | €4,220 | €2,574 | -€1,646 | -39.0% |
| Financial charges | 65/66B | €5,241 | €5,046 | -€195 | -3.7% |
| Recurring financial charges | 65 | €5,241 | €5,046 | -€195 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €905 | -€95,227 | -€96,132 | |
| Profit (loss) for the period | 9904 | €905 | -€95,227 | -€96,132 | |
| Profit (loss) for the period to be appropriated | 9905 | €905 | -€95,227 | -€96,132 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.