MODABEL: 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.
MODABEL
Largest movements
- Stocks and contracts +€1,880
up €1,880 (+835.6%), from €225 to €2,105
- Cash -€1,222
down €1,222 (-20.6%), from €5,932 to €4,710
mainly Stocks and contracts (-€1,880) and Other debts (-€261)
- Deferred charges and accrued income -€282
no longer reported in 2025 (was €282)
- Trade debts +€390
up €390 (+10.9%), from €3,584 to €3,974
- Profit (loss) carried forward +€268
up €268 (+4.1%), from -€6,549 to -€6,281
- Other debts -€261
down €261 (-7.5%), from €3,478 to €3,217
- Purchases and services -€1,799
down €1,799 (-15.8%), from €11,396 to €9,597
- Turnover -€1,117
down €1,117 (-10.0%), from €11,135 to €10,018
- Gross operating margin +€682
up €682, from -€261 to €421
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 | €6,734 | €7,110 | +€376 | +5.6% |
| Current assets | 29/58 | €6,734 | €7,110 | +€376 | +5.6% |
| Stocks and contracts in progress | 3 | €225 | €2,105 | +€1,880 | +835.6% |
| Stocks | 30/36 | €225 | €2,105 | +€1,880 | +835.6% |
| Amounts receivable within one year | 40/41 | €295 | €295 | = | 0.0% |
| Other amounts receivable | 41 | €295 | €295 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,932 | €4,710 | -€1,222 | -20.6% |
| Deferred charges and accrued income | 490/1 | €282 | - | -€282 | |
| Total equity and liabilities | 10/49 | €6,734 | €7,110 | +€376 | +5.6% |
| Equity | 10/15 | -€349 | -€81 | +€268 | +76.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,549 | -€6,281 | +€268 | +4.1% |
| Amounts payable | 17/49 | €7,084 | €7,192 | +€108 | +1.5% |
| Amounts payable within one year | 42/48 | €7,084 | €7,192 | +€108 | +1.5% |
| Trade debts | 44 | €3,584 | €3,974 | +€390 | +10.9% |
| Suppliers | 440/4 | €3,584 | €3,974 | +€390 | +10.9% |
| Taxes, remuneration and social security | 45 | €22 | - | -€22 | |
| Taxes | 450/3 | €22 | - | -€22 | |
| Other amounts payable | 47/48 | €3,478 | €3,217 | -€261 | -7.5% |
| Turnover | 70 | €11,135 | €10,018 | -€1,117 | -10.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €11,396 | €9,597 | -€1,799 | -15.8% |
| Other operating charges | 640/8 | - | €81 | +€81 | |
| Gross operating margin | 9900 | -€261 | €421 | +€682 | |
| Operating profit (loss) | 9901 | -€261 | €340 | +€601 | |
| Financial charges | 65/66B | €64 | €72 | +€8 | +12.2% |
| Recurring financial charges | 65 | €64 | €72 | +€8 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | -€325 | €268 | +€593 | |
| Profit (loss) for the period | 9904 | -€325 | €268 | +€593 | |
| Profit (loss) for the period to be appropriated | 9905 | -€325 | €268 | +€593 |
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 28 September 2026 via checked.be.