MOD CONSTRUCTION: 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.
MOD CONSTRUCTION
Largest movements
- Tangible fixed assets +€26,410
up €26,410 (+216.2%), from €12,215 to €38,625
of which Furniture and vehicles: +€22,875
- Receivables within one year +€8,310
up €8,310 (+172.6%), from €4,814 to €13,124
of which Other amounts receivable: +€5,510
- Cash +€3,740
up €3,740 (+114.4%), from €3,268 to €7,008
mainly Debts after one year (+€19,770) and Current portion of long-term debt (+€9,632)
- Debts after one year +€19,770
up €19,770 (+194.1%), from €10,187 to €29,957
- Current portion of long-term debt +€9,632
up €9,632 (+309.5%), from €3,113 to €12,744
- Trade debts +€4,910
up €4,910 (+205.4%), from €2,390 to €7,301
- Profit (loss) carried forward +€4,761
up €4,761 (+1302.6%), from €366 to €5,127
- Tax, wage and social debts -€598
down €598 (-48.8%), from €1,226 to €628
- Gross operating margin +€25,925
up €25,925 (+903.7%), from €2,869 to €28,793
- Other operating charges +€10,956
up €10,956 (+911.6%), from €1,202 to €12,158
- Depreciation +€6,393
up €6,393 (+964.5%), from €663 to €7,055
- Taxes +€2,593
up €2,593 (+544.2%), from €476 to €3,069
- Financial charges +€1,646
up €1,646 (+1014.3%), from €162 to €1,809
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 | €20,297 | €58,757 | +€38,460 | +189.5% |
| Fixed assets | 21/28 | €12,215 | €38,625 | +€26,410 | +216.2% |
| Tangible fixed assets | 22/27 | €12,215 | €38,625 | +€26,410 | +216.2% |
| Plant, machinery and equipment | 23 | €2,761 | €6,296 | +€3,535 | +128.0% |
| Furniture and vehicles | 24 | €9,454 | €32,328 | +€22,875 | +242.0% |
| Current assets | 29/58 | €8,082 | €20,133 | +€12,050 | +149.1% |
| Amounts receivable within one year | 40/41 | €4,814 | €13,124 | +€8,310 | +172.6% |
| Trade receivables | 40 | €2,300 | €5,100 | +€2,800 | +121.7% |
| Other amounts receivable | 41 | €2,514 | €8,024 | +€5,510 | +219.2% |
| Cash at bank and in hand | 54/58 | €3,268 | €7,008 | +€3,740 | +114.4% |
| Total equity and liabilities | 10/49 | €20,297 | €58,757 | +€38,460 | +189.5% |
| Equity | 10/15 | €3,366 | €8,127 | +€4,761 | +141.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €366 | €5,127 | +€4,761 | +1302.6% |
| Amounts payable | 17/49 | €16,931 | €50,631 | +€33,699 | +199.0% |
| Amounts payable after more than one year | 17 | €10,187 | €29,957 | +€19,770 | +194.1% |
| Financial debts | 170/4 | €10,187 | €29,957 | +€19,770 | +194.1% |
| Amounts payable within one year | 42/48 | €6,744 | €20,673 | +€13,929 | +206.5% |
| Current portion of amounts payable after more than one year | 42 | €3,113 | €12,744 | +€9,632 | +309.5% |
| Trade debts | 44 | €2,390 | €7,301 | +€4,910 | +205.4% |
| Suppliers | 440/4 | €2,390 | €7,301 | +€4,910 | +205.4% |
| Taxes, remuneration and social security | 45 | €1,226 | €628 | -€598 | -48.8% |
| Taxes | 450/3 | €1,226 | €628 | -€598 | -48.8% |
| Other amounts payable | 47/48 | €15 | - | -€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €663 | €7,055 | +€6,393 | +964.5% |
| Other operating charges | 640/8 | €1,202 | €12,158 | +€10,956 | +911.6% |
| Gross operating margin | 9900 | €2,869 | €28,793 | +€25,925 | +903.7% |
| Operating profit (loss) | 9901 | €1,004 | €9,580 | +€8,576 | +853.9% |
| Financial income | 75/76B | €0 | €59 | +€59 | +195500.0% |
| Recurring financial income | 75 | €0 | €59 | +€59 | +195500.0% |
| Financial charges | 65/66B | €162 | €1,809 | +€1,646 | +1014.3% |
| Recurring financial charges | 65 | €162 | €1,809 | +€1,646 | +1014.3% |
| Profit (loss) for the period before taxes | 9903 | €842 | €7,830 | +€6,988 | +830.0% |
| Income taxes | 67/77 | €476 | €3,069 | +€2,593 | +544.2% |
| Profit (loss) for the period | 9904 | €366 | €4,761 | +€4,395 | +1202.6% |
| Profit (loss) for the period to be appropriated | 9905 | €366 | €4,761 | +€4,395 | +1202.6% |
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 10 October 2026 via checked.be.