MODA K.H.: 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 K.H.
Largest movements
- Cash -€6,122
down €6,122 (-27.6%), from €22,179 to €16,058
mainly Other debts (-€12,017) and Tax, wage and social debts (-€9,993)
- Receivables within one year +€5,881
up €5,881 (+45.0%), from €13,073 to €18,954
of which Other amounts receivable: +€10,921
- Stocks and contracts -€5,821
down €5,821 (-25.9%), from €22,456 to €16,635
- Deferred charges and accrued income -€5,044
down €5,044 (-93.3%), from €5,404 to €360
- Tangible fixed assets +€765
up €765 (+8.5%), from €8,984 to €9,750
of which Furniture and vehicles: +€2,893
- Profit (loss) carried forward +€19,176
up €19,176, from -€14,652 to €4,523
- Other debts -€12,017
no longer reported in 2025 (was €12,017)
- Tax, wage and social debts -€9,993
down €9,993 (-19.1%), from €52,375 to €42,382
of which Remuneration and social security: -€8,785
- Trade debts -€7,505
down €7,505 (-43.1%), from €17,406 to €9,901
- Gross operating margin +€82,839
up €82,839, from -€3,645 to €79,194
- Staff costs +€45,997
new in 2025: €45,997
- Taxes +€5,628
new in 2025: €5,628
- Other operating charges -€4,820
down €4,820 (-66.6%), from €7,239 to €2,418
- Depreciation +€2,478
up €2,478 (+197.1%), from €1,257 to €3,735
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 | €72,096 | €61,757 | -€10,339 | -14.3% |
| Fixed assets | 21/28 | €8,984 | €9,750 | +€765 | +8.5% |
| Tangible fixed assets | 22/27 | €8,984 | €9,750 | +€765 | +8.5% |
| Plant, machinery and equipment | 23 | €6,157 | €4,029 | -€2,127 | -34.6% |
| Furniture and vehicles | 24 | €2,828 | €5,720 | +€2,893 | +102.3% |
| Current assets | 29/58 | €63,112 | €52,007 | -€11,105 | -17.6% |
| Stocks and contracts in progress | 3 | €22,456 | €16,635 | -€5,821 | -25.9% |
| Stocks | 30/36 | €22,456 | €16,635 | -€5,821 | -25.9% |
| Amounts receivable within one year | 40/41 | €13,073 | €18,954 | +€5,881 | +45.0% |
| Trade receivables | 40 | €13,073 | €8,034 | -€5,039 | -38.5% |
| Other amounts receivable | 41 | - | €10,921 | +€10,921 | |
| Cash at bank and in hand | 54/58 | €22,179 | €16,058 | -€6,122 | -27.6% |
| Deferred charges and accrued income | 490/1 | €5,404 | €360 | -€5,044 | -93.3% |
| Total equity and liabilities | 10/49 | €72,096 | €61,757 | -€10,339 | -14.3% |
| Equity | 10/15 | -€11,152 | €8,023 | +€19,176 | |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,652 | €4,523 | +€19,176 | |
| Amounts payable | 17/49 | €83,248 | €53,733 | -€29,515 | -35.5% |
| Amounts payable within one year | 42/48 | €81,798 | €52,283 | -€29,515 | -36.1% |
| Trade debts | 44 | €17,406 | €9,901 | -€7,505 | -43.1% |
| Suppliers | 440/4 | €17,406 | €9,901 | -€7,505 | -43.1% |
| Taxes, remuneration and social security | 45 | €52,375 | €42,382 | -€9,993 | -19.1% |
| Taxes | 450/3 | €41,091 | €39,883 | -€1,209 | -2.9% |
| Remuneration and social security | 454/9 | €11,284 | €2,499 | -€8,785 | -77.9% |
| Other amounts payable | 47/48 | €12,017 | - | -€12,017 | |
| Accrued charges and deferred income | 492/3 | €1,450 | €1,450 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €45,997 | +€45,997 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,257 | €3,735 | +€2,478 | +197.1% |
| Other operating charges | 640/8 | €7,239 | €2,418 | -€4,820 | -66.6% |
| Gross operating margin | 9900 | -€3,645 | €79,194 | +€82,839 | |
| Operating profit (loss) | 9901 | -€12,140 | €27,045 | +€39,185 | |
| Financial income | 75/76B | €107 | €373 | +€266 | +248.4% |
| Recurring financial income | 75 | €107 | €373 | +€266 | +248.4% |
| Financial charges | 65/66B | €2,619 | €2,614 | -€5 | -0.2% |
| Recurring financial charges | 65 | €2,619 | €2,614 | -€5 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,652 | €24,803 | +€39,456 | |
| Income taxes | 67/77 | - | €5,628 | +€5,628 | |
| Profit (loss) for the period | 9904 | -€14,652 | €19,176 | +€33,828 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,652 | €19,176 | +€33,828 |
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 12 October 2026 via checked.be.