M.O.D. POWER: 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.
M.O.D. POWER
Largest movements
- Receivables within one year -€18,239
down €18,239 (-72.3%), from €25,226 to €6,987
- Stocks and contracts -€2,945
down €2,945 (-14.3%), from €20,645 to €17,699
of which Contracts in progress: -€1,550
- Profit (loss) carried forward -€10,343
down €10,343 (-11.2%), from -€92,246 to -€102,589
- Other debts -€5,432
down €5,432 (-14.9%), from €36,465 to €31,033
- Trade debts -€3,488
down €3,488 (-5.3%), from €66,173 to €62,685
- Tax, wage and social debts -€1,989
down €1,989 (-10.5%), from €18,985 to €16,995
of which Remuneration and social security: -€3,801
- Gross operating margin +€3,447
up €3,447 (+83.0%), from €4,152 to €7,599
- Staff costs -€634
down €634 (-3.6%), from €17,825 to €17,191
- Financial charges -€382
down €382 (-72.2%), from €529 to €147
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 | €47,977 | €26,724 | -€21,253 | -44.3% |
| Current assets | 29/58 | €47,977 | €26,724 | -€21,253 | -44.3% |
| Stocks and contracts in progress | 3 | €20,645 | €17,699 | -€2,945 | -14.3% |
| Stocks | 30/36 | €12,395 | €10,999 | -€1,395 | -11.3% |
| Contracts in progress | 37 | €8,250 | €6,700 | -€1,550 | -18.8% |
| Amounts receivable within one year | 40/41 | €25,226 | €6,987 | -€18,239 | -72.3% |
| Trade receivables | 40 | €25,226 | €6,987 | -€18,239 | -72.3% |
| Cash at bank and in hand | 54/58 | €2,106 | €2,038 | -€68 | -3.2% |
| Total equity and liabilities | 10/49 | €47,977 | €26,724 | -€21,253 | -44.3% |
| Equity | 10/15 | -€73,646 | -€83,989 | -€10,343 | -14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,246 | -€102,589 | -€10,343 | -11.2% |
| Amounts payable | 17/49 | €121,622 | €110,713 | -€10,910 | -9.0% |
| Amounts payable within one year | 42/48 | €121,622 | €110,713 | -€10,910 | -9.0% |
| Trade debts | 44 | €66,173 | €62,685 | -€3,488 | -5.3% |
| Suppliers | 440/4 | €66,173 | €62,685 | -€3,488 | -5.3% |
| Taxes, remuneration and social security | 45 | €18,985 | €16,995 | -€1,989 | -10.5% |
| Taxes | 450/3 | €6,778 | €8,590 | +€1,812 | +26.7% |
| Remuneration and social security | 454/9 | €12,206 | €8,405 | -€3,801 | -31.1% |
| Other amounts payable | 47/48 | €36,465 | €31,033 | -€5,432 | -14.9% |
| Remuneration, social security and pensions | 62 | €17,825 | €17,191 | -€634 | -3.6% |
| Other operating charges | 640/8 | €384 | €400 | +€15 | +4.0% |
| Gross operating margin | 9900 | €4,152 | €7,599 | +€3,447 | +83.0% |
| Operating profit (loss) | 9901 | -€14,057 | -€9,992 | +€4,065 | +28.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €529 | €147 | -€382 | -72.2% |
| Recurring financial charges | 65 | €529 | €147 | -€382 | -72.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,587 | -€10,138 | +€4,449 | +30.5% |
| Profit (loss) for the period | 9904 | -€14,587 | -€10,138 | +€4,449 | +30.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,587 | -€10,138 | +€4,449 | +30.5% |
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 1 November 2026 via checked.be.