Le Modest: 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.
Le Modest
Largest movements
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Cash -€44,584
down €44,584 (-78.5%), from €56,792 to €12,208
mainly Debts after one year (-€50,606) and Net result for the year (-€19,759)
- Receivables within one year +€15,583
up €15,583 (+105%), from €14,889 to €30,472
of which Other amounts receivable: +€19,903
- Tangible fixed assets +€8,106
up €8,106 (+38.0%), from €21,316 to €29,423
of which Land and buildings: +€13,431
- Deferred charges and accrued income -€1,470
down €1,470 (-100%), from €1,470 to €0
- Debts after one year -€50,606
down €50,606 (-100%), from €50,606 to €0
- Profit (loss) carried forward -€19,759
down €19,759, from €0 to -€19,759
- Other debts -€1,460
down €1,460 (-100%), from €1,460 to €0
- Gross operating margin -€44,964
down €44,964, from €33,506 to -€11,458
- Taxes -€7,288
down €7,288 (-70.2%), from €10,379 to €3,091
- Depreciation +€2,154
up €2,154 (+67.8%), from €3,179 to €5,334
- Financial income +€837
up €837 (+233%), from €359 to €1,196
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 | €144,467 | €72,103 | -€72,364 | -50.1% |
| Fixed assets | 21/28 | €21,316 | €29,423 | +€8,106 | +38.0% |
| Tangible fixed assets | 22/27 | €21,316 | €29,423 | +€8,106 | +38.0% |
| Land and buildings | 22 | - | €13,431 | +€13,431 | |
| Plant, machinery and equipment | 23 | €680 | €680 | = | 0.0% |
| Furniture and vehicles | 24 | €20,636 | €15,312 | -€5,324 | -25.8% |
| Current assets | 29/58 | €123,151 | €42,680 | -€80,470 | -65.3% |
| Amounts receivable within one year | 40/41 | €14,889 | €30,472 | +€15,583 | +105% |
| Trade receivables | 40 | €14,889 | €10,569 | -€4,320 | -29.0% |
| Other amounts receivable | 41 | €0 | €19,903 | +€19,903 | |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €56,792 | €12,208 | -€44,584 | -78.5% |
| Deferred charges and accrued income | 490/1 | €1,470 | €0 | -€1,470 | -100% |
| Total equity and liabilities | 10/49 | €144,467 | €72,103 | -€72,364 | -50.1% |
| Equity | 10/15 | €85,236 | €65,477 | -€19,759 | -23.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €82,736 | €82,736 | = | 0.0% |
| Distributable reserves | 133 | €82,736 | €82,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€19,759 | -€19,759 | |
| Amounts payable | 17/49 | €59,231 | €6,626 | -€52,605 | -88.8% |
| Amounts payable after more than one year | 17 | €50,606 | €0 | -€50,606 | -100% |
| Financial debts | 170/4 | €50,606 | €0 | -€50,606 | -100% |
| Amounts payable within one year | 42/48 | €8,625 | €6,626 | -€1,999 | -23.2% |
| Trade debts | 44 | €89 | €692 | +€603 | +679% |
| Suppliers | 440/4 | €89 | €692 | +€603 | +679% |
| Taxes, remuneration and social security | 45 | €7,076 | €5,934 | -€1,142 | -16.1% |
| Taxes | 450/3 | €7,076 | €5,934 | -€1,142 | -16.1% |
| Other amounts payable | 47/48 | €1,460 | €0 | -€1,460 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,179 | €5,334 | +€2,154 | +67.8% |
| Other operating charges | 640/8 | €992 | €1,060 | +€68 | +6.8% |
| Gross operating margin | 9900 | €33,506 | -€11,458 | -€44,964 | |
| Operating profit (loss) | 9901 | €29,335 | -€17,851 | -€47,186 | |
| Financial income | 75/76B | €359 | €1,196 | +€837 | +233% |
| Recurring financial income | 75 | €359 | €1,196 | +€837 | +233% |
| Financial charges | 65/66B | €163 | €12 | -€151 | -92.4% |
| Recurring financial charges | 65 | €163 | €12 | -€151 | -92.4% |
| Profit (loss) for the period before taxes | 9903 | €29,530 | -€16,668 | -€46,198 | |
| Income taxes | 67/77 | €10,379 | €3,091 | -€7,288 | -70.2% |
| Profit (loss) for the period | 9904 | €19,151 | -€19,759 | -€38,910 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,151 | -€19,759 | -€38,910 |
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 19 October 2026 via checked.be.