MODALITY: 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.
MODALITY
Largest movements
- Receivables within one year +€11,836
up €11,836 (+66.2%), from €17,883 to €29,719
- Tangible fixed assets -€10,088
down €10,088 (-30.4%), from €33,197 to €23,109
- Cash +€6,927
up €6,927 (+9.3%), from €74,747 to €81,674
mainly Net result for the year (+€37,239) and Other debts (+€14,967)
- Profit (loss) carried forward +€21,439
up €21,439 (+37.8%), from €56,676 to €78,115
- Other debts +€14,967
up €14,967 (+1796.8%), from €833 to €15,800
- Trade debts -€8,423
down €8,423 (-82.6%), from €10,196 to €1,773
- Debts after one year -€8,367
down €8,367 (-37.4%), from €22,382 to €14,015
of which Financial debts: -€8,367
- Tax, wage and social debts -€8,168
down €8,168 (-35.7%), from €22,876 to €14,708
of which Taxes: -€5,668
- Depreciation +€2,789
up €2,789 (+38.2%), from €7,299 to €10,088
- Gross operating margin +€2,246
up €2,246 (+3.8%), from €59,131 to €61,377
- Financial charges +€972
up €972 (+74.5%), from €1,305 to €2,277
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 | €127,073 | €135,577 | +€8,504 | +6.7% |
| Fixed assets | 21/28 | €33,257 | €23,169 | -€10,088 | -30.3% |
| Tangible fixed assets | 22/27 | €33,197 | €23,109 | -€10,088 | -30.4% |
| Furniture and vehicles | 24 | €33,197 | €23,109 | -€10,088 | -30.4% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €93,816 | €112,408 | +€18,592 | +19.8% |
| Amounts receivable within one year | 40/41 | €17,883 | €29,719 | +€11,836 | +66.2% |
| Trade receivables | 40 | €17,883 | €29,719 | +€11,836 | +66.2% |
| Cash at bank and in hand | 54/58 | €74,747 | €81,674 | +€6,927 | +9.3% |
| Deferred charges and accrued income | 490/1 | €1,186 | €1,015 | -€171 | -14.4% |
| Total equity and liabilities | 10/49 | €127,073 | €135,577 | +€8,504 | +6.7% |
| Equity | 10/15 | €59,476 | €80,915 | +€21,439 | +36.0% |
| Contributions | 10/11 | €2,800 | €2,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,676 | €78,115 | +€21,439 | +37.8% |
| Amounts payable | 17/49 | €67,597 | €54,662 | -€12,935 | -19.1% |
| Amounts payable after more than one year | 17 | €22,382 | €14,015 | -€8,367 | -37.4% |
| Financial debts | 170/4 | €19,431 | €11,064 | -€8,367 | -43.1% |
| Other amounts payable | 178/9 | €2,951 | €2,951 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,862 | €40,647 | -€1,215 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €7,957 | €8,366 | +€409 | +5.1% |
| Trade debts | 44 | €10,196 | €1,773 | -€8,423 | -82.6% |
| Suppliers | 440/4 | €10,196 | €1,773 | -€8,423 | -82.6% |
| Taxes, remuneration and social security | 45 | €22,876 | €14,708 | -€8,168 | -35.7% |
| Taxes | 450/3 | €20,376 | €14,708 | -€5,668 | -27.8% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €833 | €15,800 | +€14,967 | +1796.8% |
| Accrued charges and deferred income | 492/3 | €3,353 | - | -€3,353 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,299 | €10,088 | +€2,789 | +38.2% |
| Other operating charges | 640/8 | €172 | - | -€172 | |
| Non-recurring operating charges | 66A | €1,135 | €1,820 | +€685 | +60.4% |
| Gross operating margin | 9900 | €59,131 | €61,377 | +€2,246 | +3.8% |
| Operating profit (loss) | 9901 | €50,525 | €49,469 | -€1,056 | -2.1% |
| Financial charges | 65/66B | €1,305 | €2,277 | +€972 | +74.5% |
| Recurring financial charges | 65 | €1,305 | €2,277 | +€972 | +74.5% |
| Profit (loss) for the period before taxes | 9903 | €49,220 | €47,192 | -€2,028 | -4.1% |
| Income taxes | 67/77 | €9,990 | €9,953 | -€37 | -0.4% |
| Profit (loss) for the period | 9904 | €39,230 | €37,239 | -€1,991 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,230 | €37,239 | -€1,991 | -5.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.