MODA E MODI: 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 E MODI
Largest movements
- Stocks and contracts +€80,248
up €80,248 (+30.7%), from €261,517 to €341,765
- Tangible fixed assets -€4,707
down €4,707 (-80.4%), from €5,857 to €1,150
of which Land and buildings: -€4,467
- Profit (loss) carried forward +€69,366
up €69,366 (+16.7%), from -€415,082 to -€345,717
- Trade debts +€30,376
up €30,376 (+639%), from €4,757 to €35,134
- Other debts -€29,303
down €29,303 (-12.2%), from €239,545 to €210,241
- Tax, wage and social debts +€6,098
up €6,098 (+44.8%), from €13,620 to €19,717
of which Taxes: +€8,660
- Gross operating margin +€62,614
up €62,614 (+318%), from €19,669 to €82,282
- Depreciation -€20,539
down €20,539 (-81.4%), from €25,246 to €4,707
- Other operating charges -€2,845
down €2,845 (-79.8%), from €3,565 to €720
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,154 | €357,859 | +€76,705 | +27.3% |
| Fixed assets | 21/28 | €5,857 | €1,150 | -€4,707 | -80.4% |
| Tangible fixed assets | 22/27 | €5,857 | €1,150 | -€4,707 | -80.4% |
| Land and buildings | 22 | €5,299 | €832 | -€4,467 | -84.3% |
| Furniture and vehicles | 24 | €558 | €318 | -€240 | -43.0% |
| Current assets | 29/58 | €275,297 | €356,709 | +€81,412 | +29.6% |
| Stocks and contracts in progress | 3 | €261,517 | €341,765 | +€80,248 | +30.7% |
| Stocks | 30/36 | €261,517 | €341,765 | +€80,248 | +30.7% |
| Amounts receivable within one year | 40/41 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 41 | €10,000 | €10,000 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €3,781 | €4,944 | +€1,164 | +30.8% |
| Total equity and liabilities | 10/49 | €281,154 | €357,859 | +€76,705 | +27.3% |
| Equity | 10/15 | -€22,320 | €47,046 | +€69,366 | |
| Contributions | 10/11 | €349,180 | €349,180 | = | 0.0% |
| Reserves | 13 | €43,583 | €43,583 | = | 0.0% |
| Distributable reserves | 133 | €43,583 | €43,583 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€415,082 | -€345,717 | +€69,366 | +16.7% |
| Amounts payable | 17/49 | €303,474 | €310,813 | +€7,339 | +2.4% |
| Amounts payable within one year | 42/48 | €303,474 | €310,813 | +€7,339 | +2.4% |
| Financial debts | 43 | €45,553 | €45,721 | +€168 | +0.4% |
| Credit institutions | 430/8 | €45,553 | €45,721 | +€168 | +0.4% |
| Trade debts | 44 | €4,757 | €35,134 | +€30,376 | +639% |
| Suppliers | 440/4 | €4,757 | €35,134 | +€30,376 | +639% |
| Taxes, remuneration and social security | 45 | €13,620 | €19,717 | +€6,098 | +44.8% |
| Taxes | 450/3 | €11,058 | €19,717 | +€8,660 | +78.3% |
| Remuneration and social security | 454/9 | €2,562 | - | -€2,562 | |
| Other amounts payable | 47/48 | €239,545 | €210,241 | -€29,303 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,246 | €4,707 | -€20,539 | -81.4% |
| Other operating charges | 640/8 | €3,565 | €720 | -€2,845 | -79.8% |
| Gross operating margin | 9900 | €19,669 | €82,282 | +€62,614 | +318% |
| Operating profit (loss) | 9901 | -€9,142 | €76,856 | +€85,997 | |
| Financial income | 75/76B | €419 | €282 | -€137 | -32.7% |
| Recurring financial income | 75 | €419 | €282 | -€137 | -32.7% |
| Financial charges | 65/66B | €7,538 | €7,772 | +€234 | +3.1% |
| Recurring financial charges | 65 | €7,538 | €7,772 | +€234 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,261 | €69,366 | +€85,626 | |
| Profit (loss) for the period | 9904 | -€16,261 | €69,366 | +€85,626 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,261 | €69,366 | +€85,626 |
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 25 October 2026 via checked.be.