M REMOD: 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 REMOD
Largest movements
- Receivables within one year -€13,395
down €13,395 (-18.4%), from €72,940 to €59,545
of which Trade receivables: -€17,253
- Cash -€5,709
down €5,709 (-78.1%), from €7,307 to €1,598
mainly Trade debts (-€12,505) and Other debts (-€7,131)
- Trade debts -€12,505
down €12,505 (-95.6%), from €13,076 to €571
- Other debts -€7,131
down €7,131 (-100.0%), from €7,131 to €0
- Profit (loss) carried forward +€2,843
up €2,843 (+5.8%), from €48,724 to €51,568
- Tax, wage and social debts -€2,047
down €2,047 (-16.8%), from €12,158 to €10,111
- Turnover -€74,576
no longer reported in 2025 (was €74,576)
- Purchases and services -€61,826
no longer reported in 2025 (was €61,826)
- Financial charges +€4,759
up €4,759 (+1257.7%), from €378 to €5,137
- Taxes -€2,282
down €2,282 (-44.9%), from €5,078 to €2,795
- Gross operating margin -€1,920
down €1,920 (-14.2%), from €13,509 to €11,589
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.
Cash bridge derived
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 | €81,589 | €62,750 | -€18,839 | -23.1% |
| Fixed assets | 21/28 | €231 | €65 | -€166 | -71.9% |
| Tangible fixed assets | 22/27 | €231 | - | -€231 | |
| Furniture and vehicles | 24 | €231 | - | -€231 | |
| Financial fixed assets | 28 | - | €65 | +€65 | |
| Current assets | 29/58 | €81,358 | €62,685 | -€18,673 | -23.0% |
| Amounts receivable within one year | 40/41 | €72,940 | €59,545 | -€13,395 | -18.4% |
| Trade receivables | 40 | €22,702 | €5,449 | -€17,253 | -76.0% |
| Other amounts receivable | 41 | €50,237 | €54,096 | +€3,858 | +7.7% |
| Cash at bank and in hand | 54/58 | €7,307 | €1,598 | -€5,709 | -78.1% |
| Deferred charges and accrued income | 490/1 | €1,111 | €1,542 | +€431 | +38.8% |
| Total equity and liabilities | 10/49 | €81,589 | €62,750 | -€18,839 | -23.1% |
| Equity | 10/15 | €49,224 | €52,068 | +€2,843 | +5.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,724 | €51,568 | +€2,843 | +5.8% |
| Amounts payable | 17/49 | €32,365 | €10,682 | -€21,682 | -67.0% |
| Amounts payable within one year | 42/48 | €32,365 | €10,682 | -€21,682 | -67.0% |
| Trade debts | 44 | €13,076 | €571 | -€12,505 | -95.6% |
| Suppliers | 440/4 | €13,076 | €571 | -€12,505 | -95.6% |
| Taxes, remuneration and social security | 45 | €12,158 | €10,111 | -€2,047 | -16.8% |
| Taxes | 450/3 | €12,158 | €10,111 | -€2,047 | -16.8% |
| Other amounts payable | 47/48 | €7,131 | €0 | -€7,131 | -100.0% |
| Turnover | 70 | €74,576 | - | -€74,576 | |
| Non-recurring operating income | 76A | €759 | - | -€759 | |
| Goods, raw materials, services and sundry goods | 60/61 | €61,826 | - | -€61,826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €432 | €231 | -€201 | -46.6% |
| Other operating charges | 640/8 | €824 | €582 | -€242 | -29.4% |
| Gross operating margin | 9900 | €13,509 | €11,589 | -€1,920 | -14.2% |
| Operating profit (loss) | 9901 | €12,252 | €10,776 | -€1,477 | -12.1% |
| Financial income | 75/76B | €1,028 | - | -€1,028 | |
| Recurring financial income | 75 | €1,028 | - | -€1,028 | |
| Financial charges | 65/66B | €378 | €5,137 | +€4,759 | +1257.7% |
| Recurring financial charges | 65 | €378 | €5,137 | +€4,759 | +1257.7% |
| Profit (loss) for the period before taxes | 9903 | €12,902 | €5,639 | -€7,264 | -56.3% |
| Income taxes | 67/77 | €5,078 | €2,795 | -€2,282 | -44.9% |
| Profit (loss) for the period | 9904 | €7,825 | €2,843 | -€4,981 | -63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,825 | €2,843 | -€4,981 | -63.7% |
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 11 October 2026 via checked.be.