MOD BOX: 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.
MOD BOX
Largest movements
- Cash -€109,457
down €109,457 (-77.1%), from €141,878 to €32,421
mainly Contributions, distributions and other (-€298,000) and Receivables within one year (-€89,596)
- Receivables within one year +€89,596
up €89,596 (+259.9%), from €34,467 to €124,063
of which Trade receivables: +€70,342
- Profit (loss) carried forward -€298,000
down €298,000 (-99.8%), from €298,462 to €462
- Reserves +€148,905
up €148,905 (+3722.6%), from €4,000 to €152,905
of which Distributable reserves: +€148,905
- Other debts +€85,819
up €85,819 (+740.0%), from €11,597 to €97,416
- Trade debts +€28,250
up €28,250 (+334.3%), from €8,451 to €36,701
- Tax, wage and social debts +€13,227
up €13,227 (+144.8%), from €9,136 to €22,363
of which Taxes: +€6,764
- Gross operating margin +€198,578
up €198,578 (+870.0%), from €22,826 to €221,404
- Taxes +€60,493
up €60,493 (+1106.4%), from €5,468 to €65,961
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 | €371,645 | €349,850 | -€21,795 | -5.9% |
| Fixed assets | 21/28 | €13,774 | €11,912 | -€1,863 | -13.5% |
| Tangible fixed assets | 22/27 | €13,774 | €11,912 | -€1,863 | -13.5% |
| Furniture and vehicles | 24 | €9,657 | €8,396 | -€1,261 | -13.1% |
| Other tangible fixed assets | 26 | €4,118 | €3,516 | -€602 | -14.6% |
| Current assets | 29/58 | €357,871 | €337,938 | -€19,932 | -5.6% |
| Amounts receivable after more than one year | 29 | €165,000 | €165,000 | = | 0.0% |
| Other amounts receivable | 291 | €165,000 | €165,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €10,885 | €10,885 | = | 0.0% |
| Stocks | 30/36 | €10,885 | €10,885 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,467 | €124,063 | +€89,596 | +259.9% |
| Trade receivables | 40 | €189 | €70,531 | +€70,342 | +37198.2% |
| Other amounts receivable | 41 | €34,278 | €53,532 | +€19,254 | +56.2% |
| Cash at bank and in hand | 54/58 | €141,878 | €32,421 | -€109,457 | -77.1% |
| Deferred charges and accrued income | 490/1 | €5,640 | €5,569 | -€71 | -1.3% |
| Total equity and liabilities | 10/49 | €371,645 | €349,850 | -€21,795 | -5.9% |
| Equity | 10/15 | €342,462 | €193,367 | -€149,095 | -43.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €152,905 | +€148,905 | +3722.6% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | - | €148,905 | +€148,905 | |
| Profit (loss) carried forward | 14 | €298,462 | €462 | -€298,000 | -99.8% |
| Amounts payable | 17/49 | €29,184 | €156,483 | +€127,300 | +436.2% |
| Amounts payable within one year | 42/48 | €29,184 | €156,479 | +€127,296 | +436.2% |
| Trade debts | 44 | €8,451 | €36,701 | +€28,250 | +334.3% |
| Suppliers | 440/4 | €8,451 | €36,701 | +€28,250 | +334.3% |
| Taxes, remuneration and social security | 45 | €9,136 | €22,363 | +€13,227 | +144.8% |
| Taxes | 450/3 | €9,136 | €15,900 | +€6,764 | +74.0% |
| Remuneration and social security | 454/9 | €0 | €6,463 | +€6,463 | |
| Other amounts payable | 47/48 | €11,597 | €97,416 | +€85,819 | +740.0% |
| Accrued charges and deferred income | 492/3 | - | €4 | +€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,894 | €4,818 | +€924 | +23.7% |
| Other operating charges | 640/8 | €639 | €507 | -€133 | -20.7% |
| Gross operating margin | 9900 | €22,826 | €221,404 | +€198,578 | +870.0% |
| Operating profit (loss) | 9901 | €18,292 | €216,079 | +€197,786 | +1081.3% |
| Financial income | 75/76B | €0 | €1 | +€1 | +10600.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +10600.0% |
| Financial charges | 65/66B | €1,980 | €1,214 | -€765 | -38.7% |
| Recurring financial charges | 65 | €1,980 | €1,214 | -€765 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €16,313 | €214,866 | +€198,553 | +1217.2% |
| Income taxes | 67/77 | €5,468 | €65,961 | +€60,493 | +1106.4% |
| Profit (loss) for the period | 9904 | €10,845 | €148,905 | +€138,060 | +1273.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,845 | €148,905 | +€138,060 | +1273.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.