MODAFLOR: 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.
MODAFLOR
Largest movements
- Cash -€136,762
down €136,762 (-91.5%), from €149,470 to €12,708
mainly Receivables within one year (-€75,303) and Net result for the year (-€55,805)
- Receivables within one year +€75,303
up €75,303 (+52.7%), from €142,949 to €218,251
of which Trade receivables: +€67,773
- Tangible fixed assets -€18,114
down €18,114 (-15.0%), from €120,698 to €102,584
of which Furniture and vehicles: -€12,769
- Deferred charges and accrued income +€10,932
up €10,932 (+154.5%), from €7,075 to €18,007
- Profit (loss) carried forward -€55,805
down €55,805 (-19.6%), from -€285,175 to -€340,980
- Other debts +€30,133
up €30,133 (+13.4%), from €225,634 to €255,768
- Trade debts -€27,065
down €27,065 (-77.7%), from €34,842 to €7,777
- Debts after one year -€8,286
down €8,286 (-2.5%), from €337,823 to €329,538
- Current portion of long-term debt -€8,267
down €8,267 (-49.9%), from €16,553 to €8,286
- Gross operating margin -€57,850
down €57,850 (-55.0%), from €105,192 to €47,342
- Staff costs +€6,666
up €6,666 (+11.1%), from €60,080 to €66,746
- Depreciation -€5,921
down €5,921 (-14.8%), from €39,983 to €34,062
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €420,649 | €352,007 | -€68,642 | -16.3% |
| Fixed assets | 21/28 | €121,156 | €103,042 | -€18,114 | -15.0% |
| Tangible fixed assets | 22/27 | €120,698 | €102,584 | -€18,114 | -15.0% |
| Land and buildings | 22 | €30,060 | €26,376 | -€3,684 | -12.3% |
| Plant, machinery and equipment | 23 | €31,109 | €20,153 | -€10,956 | -35.2% |
| Furniture and vehicles | 24 | €40,675 | €27,906 | -€12,769 | -31.4% |
| Other tangible fixed assets | 26 | €18,855 | €28,149 | +€9,294 | +49.3% |
| Financial fixed assets | 28 | €458 | €458 | = | 0.0% |
| Current assets | 29/58 | €299,493 | €248,966 | -€50,528 | -16.9% |
| Amounts receivable within one year | 40/41 | €142,949 | €218,251 | +€75,303 | +52.7% |
| Trade receivables | 40 | €106,157 | €173,930 | +€67,773 | +63.8% |
| Other amounts receivable | 41 | €36,792 | €44,321 | +€7,529 | +20.5% |
| Cash at bank and in hand | 54/58 | €149,470 | €12,708 | -€136,762 | -91.5% |
| Deferred charges and accrued income | 490/1 | €7,075 | €18,007 | +€10,932 | +154.5% |
| Total equity and liabilities | 10/49 | €420,649 | €352,007 | -€68,642 | -16.3% |
| Equity | 10/15 | -€196,575 | -€252,380 | -€55,805 | -28.4% |
| Contributions | 10/11 | €88,600 | €88,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€285,175 | -€340,980 | -€55,805 | -19.6% |
| Amounts payable | 17/49 | €617,225 | €604,387 | -€12,837 | -2.1% |
| Amounts payable after more than one year | 17 | €337,823 | €329,538 | -€8,286 | -2.5% |
| Financial debts | 170/4 | €337,823 | €329,538 | -€8,286 | -2.5% |
| Amounts payable within one year | 42/48 | €279,401 | €274,850 | -€4,552 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €16,553 | €8,286 | -€8,267 | -49.9% |
| Trade debts | 44 | €34,842 | €7,777 | -€27,065 | -77.7% |
| Suppliers | 440/4 | €34,842 | €7,777 | -€27,065 | -77.7% |
| Taxes, remuneration and social security | 45 | €2,372 | €3,019 | +€647 | +27.3% |
| Remuneration and social security | 454/9 | €2,372 | €3,019 | +€647 | +27.3% |
| Other amounts payable | 47/48 | €225,634 | €255,768 | +€30,133 | +13.4% |
| Remuneration, social security and pensions | 62 | €60,080 | €66,746 | +€6,666 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,983 | €34,062 | -€5,921 | -14.8% |
| Other operating charges | 640/8 | €891 | €919 | +€28 | +3.1% |
| Gross operating margin | 9900 | €105,192 | €47,342 | -€57,850 | -55.0% |
| Operating profit (loss) | 9901 | €4,239 | -€54,385 | -€58,624 | |
| Financial income | 75/76B | €214 | €270 | +€56 | +26.0% |
| Recurring financial income | 75 | €214 | €270 | +€56 | +26.0% |
| Financial charges | 65/66B | €2,007 | €1,626 | -€381 | -19.0% |
| Recurring financial charges | 65 | €2,007 | €1,626 | -€381 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €2,446 | -€55,741 | -€58,187 | |
| Income taxes | 67/77 | €103 | €64 | -€39 | -38.3% |
| Profit (loss) for the period | 9904 | €2,343 | -€55,805 | -€58,148 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,343 | -€55,805 | -€58,148 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.