MODALYSE: 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.
MODALYSE
Largest movements
- Receivables within one year -€40,759
no longer reported in 2025 (was €40,759)
of which Trade receivables: -€34,021
- Receivables after one year +€34,271
new in 2025: €34,271
of which Trade receivables: +€32,141
- Tangible fixed assets +€27,261
up €27,261 (+1449.3%), from €1,881 to €29,142
- Cash -€3,895
down €3,895 (-75.6%), from €5,152 to €1,257
mainly Receivables after one year (-€34,271) and Investment in fixed assets (net) (-€32,232)
- Other debts +€19,034
up €19,034 (+81.1%), from €23,461 to €42,495
- Trade debts -€2,859
down €2,859 (-37.7%), from €7,580 to €4,721
- Gross operating margin +€15,483
up €15,483, from -€9,175 to €6,308
- Depreciation +€4,638
up €4,638 (+1392.8%), from €333 to €4,971
- Financial charges -€870
down €870 (-87.2%), from €998 to €128
- Other operating charges +€204
up €204 (+52.6%), from €387 to €591
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 | €47,792 | €64,670 | +€16,878 | +35.3% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €1,881 | €29,142 | +€27,261 | +1449.3% |
| Tangible fixed assets | 22/27 | €1,881 | €29,142 | +€27,261 | +1449.3% |
| Furniture and vehicles | 24 | €1,881 | €29,142 | +€27,261 | +1449.3% |
| Current assets | 29/58 | €45,911 | €35,528 | -€10,383 | -22.6% |
| Amounts receivable after more than one year | 29 | - | €34,271 | +€34,271 | |
| Trade receivables | 290 | - | €32,141 | +€32,141 | |
| Other amounts receivable | 291 | - | €2,131 | +€2,131 | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €40,759 | - | -€40,759 | |
| Trade receivables | 40 | €34,021 | - | -€34,021 | |
| Other amounts receivable | 41 | €6,738 | - | -€6,738 | |
| Cash at bank and in hand | 54/58 | €5,152 | €1,257 | -€3,895 | -75.6% |
| Total equity and liabilities | 10/49 | €47,792 | €64,670 | +€16,878 | +35.3% |
| Equity | 10/15 | €14,709 | €15,311 | +€602 | +4.1% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€5,742 | -€5,140 | +€602 | +10.5% |
| Amounts payable | 17/49 | €33,083 | €49,358 | +€16,275 | +49.2% |
| Amounts payable within one year | 42/48 | €31,041 | €47,316 | +€16,275 | +52.4% |
| Trade debts | 44 | €7,580 | €4,721 | -€2,859 | -37.7% |
| Suppliers | 440/4 | €7,580 | €4,721 | -€2,859 | -37.7% |
| Taxes, remuneration and social security | 45 | - | €100 | +€100 | |
| Taxes | 450/3 | - | €100 | +€100 | |
| Other amounts payable | 47/48 | €23,461 | €42,495 | +€19,034 | +81.1% |
| Accrued charges and deferred income | 492/3 | €2,042 | €2,042 | +€0 | 0.0% |
| Remuneration, social security and pensions | 62 | €74 | €16 | -€58 | -78.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €333 | €4,971 | +€4,638 | +1392.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Other operating charges | 640/8 | €387 | €591 | +€204 | +52.6% |
| Gross operating margin | 9900 | -€9,175 | €6,308 | +€15,483 | |
| Operating profit (loss) | 9901 | -€9,969 | €731 | +€10,700 | |
| Financial charges | 65/66B | €998 | €128 | -€870 | -87.2% |
| Recurring financial charges | 65 | €998 | €128 | -€870 | -87.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,967 | €603 | +€11,570 | |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€10,967 | €603 | +€11,570 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,967 | €603 | +€11,570 |
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 7 October 2026 via checked.be.