MODAFOODS: 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.
MODAFOODS
Largest movements
- Tangible fixed assets +€340,062
up €340,062 (+18.6%), from €1.8m to €2.2m
of which Other tangible fixed assets: +€202,176
- Stocks and contracts +€57,706
up €57,706 (+10.5%), from €551,925 to €609,630
- Receivables within one year +€40,120
up €40,120 (+19.7%), from €203,684 to €243,804
of which Trade receivables: +€24,361
- Reserves +€372,838
up €372,838 (+27.0%), from €1.4m to €1.8m
- Debts after one year +€94,342
up €94,342 (+12.1%), from €779,825 to €874,167
- Tax, wage and social debts -€87,293
down €87,293 (-44.0%), from €198,604 to €111,311
of which Taxes: -€89,718
- Current portion of long-term debt +€66,297
up €66,297 (+46.6%), from €142,261 to €208,557
- Trade debts +€62,187
up €62,187 (+8.4%), from €741,568 to €803,755
- Taxes -€85,068
down €85,068 (-36.1%), from €235,966 to €150,898
- Gross operating margin -€83,715
down €83,715 (-5.2%), from €1.6m to €1.5m
- Staff costs +€69,621
up €69,621 (+9.9%), from €705,400 to €775,021
- Depreciation +€16,612
up €16,612 (+11.2%), from €148,708 to €165,320
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 | €3,520,284 | €3,988,460 | +€468,176 | +13.3% |
| Fixed assets | 21/28 | €1,832,832 | €2,172,894 | +€340,062 | +18.6% |
| Tangible fixed assets | 22/27 | €1,823,664 | €2,163,726 | +€340,062 | +18.6% |
| Plant, machinery and equipment | 23 | €1,472,979 | €1,590,698 | +€117,719 | +8.0% |
| Furniture and vehicles | 24 | €49,421 | €69,588 | +€20,167 | +40.8% |
| Other tangible fixed assets | 26 | €301,264 | €503,440 | +€202,176 | +67.1% |
| Financial fixed assets | 28 | €9,168 | €9,168 | = | 0.0% |
| Current assets | 29/58 | €1,687,452 | €1,815,566 | +€128,114 | +7.6% |
| Stocks and contracts in progress | 3 | €551,925 | €609,630 | +€57,706 | +10.5% |
| Stocks | 30/36 | €551,925 | €609,630 | +€57,706 | +10.5% |
| Amounts receivable within one year | 40/41 | €203,684 | €243,804 | +€40,120 | +19.7% |
| Trade receivables | 40 | €133,587 | €157,948 | +€24,361 | +18.2% |
| Other amounts receivable | 41 | €70,097 | €85,856 | +€15,759 | +22.5% |
| Current investments | 50/53 | €524,738 | €524,738 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €384,611 | €416,858 | +€32,248 | +8.4% |
| Deferred charges and accrued income | 490/1 | €22,494 | €20,535 | -€1,959 | -8.7% |
| Total equity and liabilities | 10/49 | €3,520,284 | €3,988,460 | +€468,176 | +13.3% |
| Equity | 10/15 | €1,413,069 | €1,785,418 | +€372,349 | +26.4% |
| Contributions | 10/11 | €28,984 | €28,984 | = | 0.0% |
| Reserves | 13 | €1,379,683 | €1,752,521 | +€372,838 | +27.0% |
| Distributable reserves | 133 | €1,379,683 | €1,752,521 | +€372,838 | +27.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €4,402 | €3,913 | -€489 | -11.1% |
| Amounts payable | 17/49 | €2,107,215 | €2,203,042 | +€95,827 | +4.5% |
| Amounts payable after more than one year | 17 | €779,825 | €874,167 | +€94,342 | +12.1% |
| Financial debts | 170/4 | €779,825 | €874,167 | +€94,342 | +12.1% |
| Amounts payable within one year | 42/48 | €1,204,171 | €1,228,656 | +€24,485 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €142,261 | €208,557 | +€66,297 | +46.6% |
| Financial debts | 43 | €56,251 | €63,048 | +€6,796 | +12.1% |
| Credit institutions | 430/8 | €56,251 | €63,048 | +€6,796 | +12.1% |
| Trade debts | 44 | €741,568 | €803,755 | +€62,187 | +8.4% |
| Suppliers | 440/4 | €741,568 | €803,755 | +€62,187 | +8.4% |
| Taxes, remuneration and social security | 45 | €198,604 | €111,311 | -€87,293 | -44.0% |
| Taxes | 450/3 | €139,800 | €50,082 | -€89,718 | -64.2% |
| Remuneration and social security | 454/9 | €58,804 | €61,230 | +€2,425 | +4.1% |
| Other amounts payable | 47/48 | €65,487 | €41,984 | -€23,502 | -35.9% |
| Accrued charges and deferred income | 492/3 | €123,219 | €100,219 | -€23,000 | -18.7% |
| Remuneration, social security and pensions | 62 | €705,400 | €775,021 | +€69,621 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,708 | €165,320 | +€16,612 | +11.2% |
| Other operating charges | 640/8 | €4,637 | €18,150 | +€13,513 | +291.4% |
| Gross operating margin | 9900 | €1,612,924 | €1,529,208 | -€83,715 | -5.2% |
| Operating profit (loss) | 9901 | €754,179 | €570,718 | -€183,461 | -24.3% |
| Financial income | 75/76B | €12,355 | €7,604 | -€4,751 | -38.5% |
| Recurring financial income | 75 | €12,355 | €7,604 | -€4,751 | -38.5% |
| Financial charges | 65/66B | €39,514 | €41,059 | +€1,545 | +3.9% |
| Recurring financial charges | 65 | €39,514 | €41,059 | +€1,545 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €727,019 | €537,262 | -€189,757 | -26.1% |
| Income taxes | 67/77 | €235,966 | €150,898 | -€85,068 | -36.1% |
| Profit (loss) for the period | 9904 | €491,053 | €386,364 | -€104,689 | -21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €491,053 | €386,364 | -€104,689 | -21.3% |
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 8 October 2026 via checked.be.