Moda - Rigi: 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.
Moda - Rigi
Largest movements
- Stocks and contracts +€117,289
up €117,289 (+34.9%), from €336,020 to €453,309
- Cash +€91,689
up €91,689 (+69.8%), from €131,309 to €222,998
mainly Other debts (+€128,700) and Depreciation (+€57,281)
- Tangible fixed assets -€44,105
down €44,105 (-22.8%), from €193,230 to €149,125
of which Plant, machinery and equipment: -€50,766
- Deferred charges and accrued income -€26,640
down €26,640 (-80.1%), from €33,250 to €6,610
- Receivables within one year +€14,059
up €14,059 (+150.9%), from €9,314 to €23,373
of which Trade receivables: +€13,932
- Other debts +€128,700
up €128,700 (+62.3%), from €206,590 to €335,290
- Trade debts +€39,216
up €39,216 (+369.7%), from €10,607 to €49,824
- Tax, wage and social debts -€28,628
down €28,628 (-40.7%), from €70,280 to €41,652
of which Taxes: -€14,585
- Reserves +€24,854
up €24,854 (+7.2%), from €345,874 to €370,729
of which Distributable reserves: +€35,292
- Gross operating margin +€99,243
up €99,243 (+61.5%), from €161,379 to €260,622
- Staff costs +€6,149
up €6,149 (+3.7%), from €167,578 to €173,727
- Taxes +€3,471
up €3,471 (+2361.7%), from €147 to €3,618
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 | €703,558 | €864,221 | +€160,663 | +22.8% |
| Fixed assets | 21/28 | €193,665 | €157,932 | -€35,733 | -18.5% |
| Intangible fixed assets | 21 | €434 | €8,806 | +€8,372 | +1927.5% |
| Tangible fixed assets | 22/27 | €193,230 | €149,125 | -€44,105 | -22.8% |
| Plant, machinery and equipment | 23 | €189,417 | €138,652 | -€50,766 | -26.8% |
| Furniture and vehicles | 24 | €3,813 | €10,473 | +€6,661 | +174.7% |
| Current assets | 29/58 | €509,894 | €706,290 | +€196,396 | +38.5% |
| Stocks and contracts in progress | 3 | €336,020 | €453,309 | +€117,289 | +34.9% |
| Stocks | 30/36 | €336,020 | €453,309 | +€117,289 | +34.9% |
| Amounts receivable within one year | 40/41 | €9,314 | €23,373 | +€14,059 | +150.9% |
| Trade receivables | 40 | €9,314 | €23,246 | +€13,932 | +149.6% |
| Other amounts receivable | 41 | - | €127 | +€127 | |
| Cash at bank and in hand | 54/58 | €131,309 | €222,998 | +€91,689 | +69.8% |
| Deferred charges and accrued income | 490/1 | €33,250 | €6,610 | -€26,640 | -80.1% |
| Total equity and liabilities | 10/49 | €703,558 | €864,221 | +€160,663 | +22.8% |
| Equity | 10/15 | €407,874 | €432,729 | +€24,854 | +6.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €345,874 | €370,729 | +€24,854 | +7.2% |
| Non-distributable reserves | 130/1 | €20,926 | €20,926 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €20,926 | €20,926 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,620 | €14,183 | -€10,438 | -42.4% |
| Distributable reserves | 133 | €300,328 | €335,619 | +€35,292 | +11.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €8,207 | €4,728 | -€3,479 | -42.4% |
| Deferred taxes | 168 | €8,207 | €4,728 | -€3,479 | -42.4% |
| Amounts payable | 17/49 | €287,477 | €426,765 | +€139,288 | +48.5% |
| Amounts payable within one year | 42/48 | €287,477 | €426,765 | +€139,288 | +48.5% |
| Trade debts | 44 | €10,607 | €49,824 | +€39,216 | +369.7% |
| Suppliers | 440/4 | €10,607 | €49,824 | +€39,216 | +369.7% |
| Taxes, remuneration and social security | 45 | €70,280 | €41,652 | -€28,628 | -40.7% |
| Taxes | 450/3 | €40,535 | €25,950 | -€14,585 | -36.0% |
| Remuneration and social security | 454/9 | €29,745 | €15,702 | -€14,043 | -47.2% |
| Other amounts payable | 47/48 | €206,590 | €335,290 | +€128,700 | +62.3% |
| Remuneration, social security and pensions | 62 | €167,578 | €173,727 | +€6,149 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,871 | €57,281 | +€2,409 | +4.4% |
| Other operating charges | 640/8 | €834 | €784 | -€51 | -6.1% |
| Gross operating margin | 9900 | €161,379 | €260,622 | +€99,243 | +61.5% |
| Operating profit (loss) | 9901 | -€61,904 | €28,830 | +€90,735 | |
| Financial income | 75/76B | €23 | €0 | -€23 | -100.0% |
| Recurring financial income | 75 | €23 | €0 | -€23 | -100.0% |
| Financial charges | 65/66B | €1,882 | €3,837 | +€1,955 | +103.9% |
| Recurring financial charges | 65 | €1,882 | €3,837 | +€1,955 | +103.9% |
| Profit (loss) for the period before taxes | 9903 | -€63,763 | €24,993 | +€88,756 | |
| Transfer from deferred taxes | 780 | €3,479 | €3,479 | -€0 | 0.0% |
| Income taxes | 67/77 | €147 | €3,618 | +€3,471 | +2361.7% |
| Profit (loss) for the period | 9904 | -€60,431 | €24,854 | +€85,285 | |
| Transfer from tax-exempt reserves | 789 | €10,438 | €10,438 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,993 | €35,292 | +€85,285 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.