MODARCH: 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.
MODARCH
Largest movements
- Cash +€25,983
up €25,983 (+154.5%), from €16,818 to €42,801
mainly Other debts (+€47,957) and Net result for the year (+€33,048)
- Tangible fixed assets -€6,810
down €6,810 (-60.8%), from €11,197 to €4,387
- Receivables within one year +€2,739
up €2,739 (+8.6%), from €31,802 to €34,541
of which Trade receivables: +€4,143
- Other debts +€47,957
up €47,957 (+1609.5%), from €2,980 to €50,937
- Profit (loss) carried forward -€33,184
no longer reported in 2025 (was €33,184)
- Tax, wage and social debts +€13,541
up €13,541 (+320.4%), from €4,226 to €17,768
- Trade debts -€6,402
down €6,402 (-40.7%), from €15,737 to €9,335
- Gross operating margin +€36,921
up €36,921 (+263.5%), from €14,011 to €50,932
- Taxes +€7,108
up €7,108 (+278.6%), from €2,551 to €9,659
- Other operating charges +€1,177
up €1,177 (+932.4%), from €126 to €1,303
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 | €59,817 | €81,730 | +€21,913 | +36.6% |
| Fixed assets | 21/28 | €11,197 | €4,387 | -€6,810 | -60.8% |
| Tangible fixed assets | 22/27 | €11,197 | €4,387 | -€6,810 | -60.8% |
| Furniture and vehicles | 24 | €11,197 | €4,387 | -€6,810 | -60.8% |
| Current assets | 29/58 | €48,620 | €77,343 | +€28,722 | +59.1% |
| Amounts receivable within one year | 40/41 | €31,802 | €34,541 | +€2,739 | +8.6% |
| Trade receivables | 40 | €13,600 | €17,743 | +€4,143 | +30.5% |
| Other amounts receivable | 41 | €18,202 | €16,798 | -€1,404 | -7.7% |
| Cash at bank and in hand | 54/58 | €16,818 | €42,801 | +€25,983 | +154.5% |
| Total equity and liabilities | 10/49 | €59,817 | €81,730 | +€21,913 | +36.6% |
| Equity | 10/15 | €36,874 | €3,690 | -€33,184 | -90.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €690 | €690 | = | 0.0% |
| Non-distributable reserves | 130/1 | €690 | €690 | = | 0.0% |
| Reserves not available under the articles | 1311 | €690 | €690 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,184 | - | -€33,184 | |
| Amounts payable | 17/49 | €22,944 | €78,040 | +€55,096 | +240.1% |
| Amounts payable within one year | 42/48 | €22,944 | €78,040 | +€55,096 | +240.1% |
| Trade debts | 44 | €15,737 | €9,335 | -€6,402 | -40.7% |
| Suppliers | 440/4 | €15,737 | €9,335 | -€6,402 | -40.7% |
| Taxes, remuneration and social security | 45 | €4,226 | €17,768 | +€13,541 | +320.4% |
| Taxes | 450/3 | €4,226 | €17,768 | +€13,541 | +320.4% |
| Other amounts payable | 47/48 | €2,980 | €50,937 | +€47,957 | +1609.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,165 | €6,810 | -€355 | -5.0% |
| Other operating charges | 640/8 | €126 | €1,303 | +€1,177 | +932.4% |
| Gross operating margin | 9900 | €14,011 | €50,932 | +€36,921 | +263.5% |
| Operating profit (loss) | 9901 | €6,720 | €42,819 | +€36,099 | +537.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €72 | €112 | +€40 | +56.1% |
| Recurring financial charges | 65 | €72 | €112 | +€40 | +56.1% |
| Profit (loss) for the period before taxes | 9903 | €6,648 | €42,707 | +€36,058 | +542.4% |
| Income taxes | 67/77 | €2,551 | €9,659 | +€7,108 | +278.6% |
| Profit (loss) for the period | 9904 | €4,097 | €33,048 | +€28,951 | +706.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,097 | €33,048 | +€28,951 | +706.6% |
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 6 October 2026 via checked.be.