MOD BUSINESS: 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 BUSINESS
Largest movements
- Cash -€1,266
down €1,266 (-72.6%), from €1,744 to €478
mainly Net result for the year (-€12,097)
- Profit (loss) carried forward -€12,097
down €12,097 (-712.9%), from -€1,697 to -€13,794
- Tax, wage and social debts +€7,904
up €7,904 (+359.7%), from €2,198 to €10,102
of which Remuneration and social security: +€6,935
- Trade debts +€2,927
new in 2024: €2,927
- Purchases and services +€11,996
up €11,996 (+161.2%), from €7,443 to €19,439
- Turnover +€10,745
up €10,745 (+102.4%), from €10,488 to €21,233
- Staff costs +€9,815
up €9,815 (+241.9%), from €4,057 to €13,873
- Gross operating margin -€1,251
down €1,251 (-41.1%), from €3,046 to €1,794
- Depreciation -€685
no longer reported in 2024 (was €685)
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 | €1,744 | €478 | -€1,266 | -72.6% |
| Current assets | 29/58 | €1,744 | €478 | -€1,266 | -72.6% |
| Cash at bank and in hand | 54/58 | €1,744 | €478 | -€1,266 | -72.6% |
| Total equity and liabilities | 10/49 | €1,744 | €478 | -€1,266 | -72.6% |
| Equity | 10/15 | -€1,697 | -€13,794 | -€12,097 | -712.9% |
| Profit (loss) carried forward | 14 | -€1,697 | -€13,794 | -€12,097 | -712.9% |
| Amounts payable | 17/49 | €3,441 | €14,272 | +€10,831 | +314.8% |
| Amounts payable within one year | 42/48 | €3,441 | €14,272 | +€10,831 | +314.8% |
| Trade debts | 44 | - | €2,927 | +€2,927 | |
| Suppliers | 440/4 | - | €2,927 | +€2,927 | |
| Taxes, remuneration and social security | 45 | €2,198 | €10,102 | +€7,904 | +359.7% |
| Taxes | 450/3 | €848 | €1,817 | +€969 | +114.3% |
| Remuneration and social security | 454/9 | €1,350 | €8,285 | +€6,935 | +513.9% |
| Other amounts payable | 47/48 | €1,244 | €1,244 | = | 0.0% |
| Turnover | 70 | €10,488 | €21,233 | +€10,745 | +102.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,443 | €19,439 | +€11,996 | +161.2% |
| Remuneration, social security and pensions | 62 | €4,057 | €13,873 | +€9,815 | +241.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €685 | - | -€685 | |
| Gross operating margin | 9900 | €3,046 | €1,794 | -€1,251 | -41.1% |
| Operating profit (loss) | 9901 | -€1,697 | -€12,079 | -€10,382 | -611.8% |
| Financial charges | 65/66B | - | €19 | +€19 | |
| Recurring financial charges | 65 | - | €19 | +€19 | |
| Profit (loss) for the period before taxes | 9903 | -€1,697 | -€12,097 | -€10,400 | -612.9% |
| Profit (loss) for the period | 9904 | -€1,697 | -€12,097 | -€10,400 | -612.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,697 | -€12,097 | -€10,400 | -612.9% |
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 8 October 2026 via checked.be.