LE MODERNE: 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.
LE MODERNE
Largest movements
- Receivables within one year -€17,697
down €17,697 (-62.9%), from €28,133 to €10,436
of which Trade receivables: -€16,801
- Cash +€4,475
up €4,475 (+72.4%), from €6,180 to €10,655
mainly Net result for the year (+€32,146) and Receivables within one year (+€17,697)
- Tangible fixed assets -€3,265
down €3,265 (-34.9%), from €9,353 to €6,088
of which Furniture and vehicles: -€1,888
- Trade debts -€37,737
down €37,737 (-82.0%), from €46,013 to €8,276
- Profit (loss) carried forward +€32,145
up €32,145 (+44.9%), from -€71,654 to -€39,509
- Debts after one year -€14,613
down €14,613 (-79.5%), from €18,371 to €3,758
- Tax, wage and social debts +€11,150
up €11,150 (+140.2%), from €7,954 to €19,104
of which Taxes: +€14,759
- Other debts -€9,090
down €9,090 (-90.4%), from €10,051 to €961
- Gross operating margin +€29,875
up €29,875 (+113.1%), from €26,421 to €56,296
- Other operating charges +€4,155
up €4,155 (+130.2%), from €3,190 to €7,345
- Financial charges +€3,981
up €3,981 (+62.8%), from €6,338 to €10,319
- Staff costs +€1,761
new in 2024: €1,761
- Depreciation -€668
down €668 (-13.2%), from €5,048 to €4,380
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,153 | €28,654 | -€16,499 | -36.5% |
| Fixed assets | 21/28 | €9,353 | €6,088 | -€3,265 | -34.9% |
| Tangible fixed assets | 22/27 | €9,353 | €6,088 | -€3,265 | -34.9% |
| Plant, machinery and equipment | 23 | €3,142 | €3,230 | +€88 | +2.8% |
| Furniture and vehicles | 24 | €4,589 | €2,701 | -€1,888 | -41.1% |
| Other tangible fixed assets | 26 | €1,622 | €157 | -€1,465 | -90.3% |
| Current assets | 29/58 | €35,800 | €22,565 | -€13,235 | -37.0% |
| Stocks and contracts in progress | 3 | €1,154 | €1,128 | -€26 | -2.3% |
| Stocks | 30/36 | €1,154 | €1,128 | -€26 | -2.3% |
| Amounts receivable within one year | 40/41 | €28,133 | €10,436 | -€17,697 | -62.9% |
| Trade receivables | 40 | €27,131 | €10,330 | -€16,801 | -61.9% |
| Other amounts receivable | 41 | €1,002 | €107 | -€895 | -89.4% |
| Cash at bank and in hand | 54/58 | €6,180 | €10,655 | +€4,475 | +72.4% |
| Deferred charges and accrued income | 490/1 | €333 | €346 | +€13 | +4.0% |
| Total equity and liabilities | 10/49 | €45,153 | €28,654 | -€16,499 | -36.5% |
| Equity | 10/15 | -€51,203 | -€19,058 | +€32,145 | +62.8% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | +€0 | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€71,654 | -€39,509 | +€32,145 | +44.9% |
| Amounts payable | 17/49 | €96,356 | €47,711 | -€48,645 | -50.5% |
| Amounts payable after more than one year | 17 | €18,371 | €3,758 | -€14,613 | -79.5% |
| Financial debts | 170/4 | €18,371 | €3,758 | -€14,613 | -79.5% |
| Amounts payable within one year | 42/48 | €77,985 | €43,953 | -€34,032 | -43.6% |
| Current portion of amounts payable after more than one year | 42 | €13,967 | €14,613 | +€646 | +4.6% |
| Trade debts | 44 | €46,013 | €8,276 | -€37,737 | -82.0% |
| Suppliers | 440/4 | €46,013 | €8,276 | -€37,737 | -82.0% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €7,954 | €19,104 | +€11,150 | +140.2% |
| Taxes | 450/3 | €3,954 | €18,713 | +€14,759 | +373.3% |
| Remuneration and social security | 454/9 | €4,000 | €390 | -€3,610 | -90.2% |
| Other amounts payable | 47/48 | €10,051 | €961 | -€9,090 | -90.4% |
| Remuneration, social security and pensions | 62 | - | €1,761 | +€1,761 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,048 | €4,380 | -€668 | -13.2% |
| Other operating charges | 640/8 | €3,190 | €7,345 | +€4,155 | +130.2% |
| Gross operating margin | 9900 | €26,421 | €56,296 | +€29,875 | +113.1% |
| Operating profit (loss) | 9901 | €18,183 | €42,811 | +€24,628 | +135.4% |
| Financial charges | 65/66B | €6,338 | €10,319 | +€3,981 | +62.8% |
| Recurring financial charges | 65 | €6,338 | €10,319 | +€3,981 | +62.8% |
| Profit (loss) for the period before taxes | 9903 | €11,845 | €32,492 | +€20,647 | +174.3% |
| Income taxes | 67/77 | €319 | €347 | +€28 | +8.7% |
| Profit (loss) for the period | 9904 | €11,526 | €32,146 | +€20,620 | +178.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,526 | €32,146 | +€20,620 | +178.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.