MODA VOSTRA: 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 VOSTRA
Largest movements
- Receivables within one year -€13,565
down €13,565 (-18.9%), from €71,855 to €58,290
of which Other amounts receivable: -€9,059
- Deferred charges and accrued income +€3,273
up €3,273 (+1093.2%), from €299 to €3,572
- Cash -€2,753
down €2,753 (-23.7%), from €11,606 to €8,853
mainly Trade debts (-€45,462) and Deferred charges and accrued income (-€3,273)
- Tangible fixed assets -€1,190
down €1,190 (-61.1%), from €1,948 to €758
- Trade debts -€45,462
down €45,462 (-76.2%), from €59,695 to €14,233
- Reserves +€20,525
up €20,525 (+337.6%), from €6,080 to €26,605
- Tax, wage and social debts +€10,503
up €10,503 (+725.3%), from €1,448 to €11,951
- Gross operating margin +€22,716
up €22,716 (+145.7%), from €15,593 to €38,309
- Taxes +€9,235
up €9,235 (+666.2%), from €1,386 to €10,622
- Financial charges -€1,899
down €1,899 (-65.6%), from €2,894 to €995
- Depreciation -€446
down €446 (-51.0%), from €875 to €429
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 | €85,908 | €71,474 | -€14,434 | -16.8% |
| Fixed assets | 21/28 | €2,148 | €758 | -€1,390 | -64.7% |
| Tangible fixed assets | 22/27 | €1,948 | €758 | -€1,190 | -61.1% |
| Furniture and vehicles | 24 | €1,948 | €758 | -€1,190 | -61.1% |
| Financial fixed assets | 28 | €200 | - | -€200 | |
| Current assets | 29/58 | €83,760 | €70,716 | -€13,044 | -15.6% |
| Amounts receivable within one year | 40/41 | €71,855 | €58,290 | -€13,565 | -18.9% |
| Trade receivables | 40 | €9,242 | €4,737 | -€4,505 | -48.7% |
| Other amounts receivable | 41 | €62,613 | €53,554 | -€9,059 | -14.5% |
| Cash at bank and in hand | 54/58 | €11,606 | €8,853 | -€2,753 | -23.7% |
| Deferred charges and accrued income | 490/1 | €299 | €3,572 | +€3,273 | +1093.2% |
| Total equity and liabilities | 10/49 | €85,908 | €71,474 | -€14,434 | -16.8% |
| Equity | 10/15 | €24,764 | €45,290 | +€20,525 | +82.9% |
| Reserves | 13 | €6,080 | €26,605 | +€20,525 | +337.6% |
| Distributable reserves | 133 | €6,080 | €26,605 | +€20,525 | +337.6% |
| Profit (loss) carried forward | 14 | €18,685 | €18,685 | = | 0.0% |
| Amounts payable | 17/49 | €61,143 | €26,184 | -€34,959 | -57.2% |
| Amounts payable within one year | 42/48 | €61,143 | €26,184 | -€34,959 | -57.2% |
| Trade debts | 44 | €59,695 | €14,233 | -€45,462 | -76.2% |
| Suppliers | 440/4 | €59,695 | €14,233 | -€45,462 | -76.2% |
| Taxes, remuneration and social security | 45 | €1,448 | €11,951 | +€10,503 | +725.3% |
| Taxes | 450/3 | €1,448 | €11,951 | +€10,503 | +725.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €875 | €429 | -€446 | -51.0% |
| Other operating charges | 640/8 | €4,359 | €4,141 | -€218 | -5.0% |
| Non-recurring operating charges | 66A | - | €1,772 | +€1,772 | |
| Gross operating margin | 9900 | €15,593 | €38,309 | +€22,716 | +145.7% |
| Operating profit (loss) | 9901 | €10,360 | €31,966 | +€21,607 | +208.6% |
| Financial income | 75/76B | - | €175 | +€175 | |
| Recurring financial income | 75 | - | €175 | +€175 | |
| Financial charges | 65/66B | €2,894 | €995 | -€1,899 | -65.6% |
| Recurring financial charges | 65 | €2,894 | €995 | -€1,899 | -65.6% |
| Profit (loss) for the period before taxes | 9903 | €7,466 | €31,147 | +€23,681 | +317.2% |
| Income taxes | 67/77 | €1,386 | €10,622 | +€9,235 | +666.2% |
| Profit (loss) for the period | 9904 | €6,080 | €20,525 | +€14,446 | +237.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,080 | €20,525 | +€14,446 | +237.6% |
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.