MODA: 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.
MODA
Largest movements
- Tangible fixed assets +€159,081
up €159,081 (+2,286%), from €6,958 to €166,039
of which Furniture and vehicles: +€121,650
- Receivables within one year -€56,599
down €56,599 (-46.7%), from €121,296 to €64,697
of which Trade receivables: -€56,479
- Cash -€43,069
down €43,069 (-34.3%), from €125,529 to €82,460
mainly Investment in fixed assets (net) (-€167,317) and Tax, wage and social debts (-€11,367)
- Other debts +€49,509
up €49,509 (+1,115%), from €4,442 to €53,951
- Reserves +€19,033
up €19,033 (+10.7%), from €178,463 to €197,496
of which Distributable reserves: +€19,033
- Tax, wage and social debts -€11,367
down €11,367 (-37.8%), from €30,070 to €18,703
- Gross operating margin -€10,503
down €10,503 (-22.8%), from €46,025 to €35,522
- Taxes -€6,872
down €6,872 (-56.4%), from €12,177 to €5,306
- Other operating charges +€1,963
up €1,963 (+199%), from €985 to €2,948
- Depreciation +€1,174
up €1,174 (+16.6%), from €7,062 to €8,235
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.
Derived cash bridge
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 | €274,391 | €334,147 | +€59,756 | +21.8% |
| Fixed assets | 21/28 | €8,058 | €167,139 | +€159,081 | +1,974% |
| Tangible fixed assets | 22/27 | €6,958 | €166,039 | +€159,081 | +2,286% |
| Land and buildings | 22 | - | €37,528 | +€37,528 | |
| Plant, machinery and equipment | 23 | €97 | - | -€97 | |
| Furniture and vehicles | 24 | €6,861 | €128,511 | +€121,650 | +1,773% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €266,333 | €167,008 | -€99,325 | -37.3% |
| Stocks and contracts in progress | 3 | €18,663 | €19,850 | +€1,187 | +6.4% |
| Stocks | 30/36 | €18,663 | €19,850 | +€1,187 | +6.4% |
| Amounts receivable within one year | 40/41 | €121,296 | €64,697 | -€56,599 | -46.7% |
| Trade receivables | 40 | €121,177 | €64,697 | -€56,479 | -46.6% |
| Other amounts receivable | 41 | €120 | - | -€120 | |
| Cash at bank and in hand | 54/58 | €125,529 | €82,460 | -€43,069 | -34.3% |
| Deferred charges and accrued income | 490/1 | €845 | - | -€845 | |
| Total equity and liabilities | 10/49 | €274,391 | €334,147 | +€59,756 | +21.8% |
| Equity | 10/15 | €191,113 | €210,146 | +€19,033 | +10.0% |
| Contributions | 10/11 | €12,650 | €12,650 | = | 0.0% |
| Contributions outside capital | 11 | €12,650 | €12,650 | = | 0.0% |
| Other | 1109/19 | €12,650 | €12,650 | = | 0.0% |
| Reserves | 13 | €178,463 | €197,496 | +€19,033 | +10.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €176,603 | €195,636 | +€19,033 | +10.8% |
| Amounts payable | 17/49 | €83,278 | €124,001 | +€40,723 | +48.9% |
| Amounts payable within one year | 42/48 | €83,278 | €124,001 | +€40,723 | +48.9% |
| Trade debts | 44 | €48,765 | €51,347 | +€2,581 | +5.3% |
| Suppliers | 440/4 | €48,765 | €51,347 | +€2,581 | +5.3% |
| Taxes, remuneration and social security | 45 | €30,070 | €18,703 | -€11,367 | -37.8% |
| Taxes | 450/3 | €30,070 | €18,703 | -€11,367 | -37.8% |
| Other amounts payable | 47/48 | €4,442 | €53,951 | +€49,509 | +1,115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,062 | €8,235 | +€1,174 | +16.6% |
| Other operating charges | 640/8 | €985 | €2,948 | +€1,963 | +199% |
| Gross operating margin | 9900 | €46,025 | €35,522 | -€10,503 | -22.8% |
| Operating profit (loss) | 9901 | €37,979 | €24,339 | -€13,640 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €37,979 | €24,339 | -€13,640 | -35.9% |
| Income taxes | 67/77 | €12,177 | €5,306 | -€6,872 | -56.4% |
| Profit (loss) for the period | 9904 | €25,801 | €19,033 | -€6,769 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,801 | €19,033 | -€6,769 | -26.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.