Mode Latine: 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.
Mode Latine
Largest movements
- Stocks and contracts -€133,352
down €133,352 (-67.8%), from €196,557 to €63,205
- Receivables within one year +€58,828
up €58,828 (+506%), from €11,622 to €70,451
of which Trade receivables: +€60,451
- Deferred charges and accrued income -€4,727
down €4,727 (-75.4%), from €6,268 to €1,541
- Debts after one year +€171,696
up €171,696 (+552%), from €31,121 to €202,817
of which Financial debts: +€149,696
- Short-term financial debts -€166,807
down €166,807 (-87.0%), from €191,807 to €25,000
- Profit (loss) carried forward -€111,510
down €111,510 (-139%), from -€80,020 to -€191,530
- Other debts +€45,267
up €45,267 (+178%), from €25,499 to €70,767
- Trade debts -€20,112
down €20,112 (-58.9%), from €34,175 to €14,062
- Gross operating margin -€119,348
down €119,348, from €24,645 to -€94,704
- Financial charges -€5,696
down €5,696 (-34.4%), from €16,542 to €10,846
- Taxes -€2,145
down €2,145, from €2,015 to -€129
- Other operating charges +€1,476
up €1,476 (+47.9%), from €3,085 to €4,562
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.
Derived cash bridge
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 | €245,218 | €163,594 | -€81,624 | -33.3% |
| Fixed assets | 21/28 | €26,791 | €25,188 | -€1,603 | -6.0% |
| Tangible fixed assets | 22/27 | €26,791 | €25,188 | -€1,603 | -6.0% |
| Land and buildings | 22 | €23,656 | €22,854 | -€802 | -3.4% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €801 | - | -€801 | |
| Other tangible fixed assets | 26 | €2,334 | €2,334 | = | 0.0% |
| Current assets | 29/58 | €218,427 | €138,406 | -€80,021 | -36.6% |
| Stocks and contracts in progress | 3 | €196,557 | €63,205 | -€133,352 | -67.8% |
| Stocks | 30/36 | €196,557 | €63,205 | -€133,352 | -67.8% |
| Amounts receivable within one year | 40/41 | €11,622 | €70,451 | +€58,828 | +506% |
| Trade receivables | 40 | €10,000 | €70,451 | +€60,451 | +605% |
| Other amounts receivable | 41 | €1,622 | €0 | -€1,622 | -100% |
| Cash at bank and in hand | 54/58 | €3,980 | €3,210 | -€770 | -19.4% |
| Deferred charges and accrued income | 490/1 | €6,268 | €1,541 | -€4,727 | -75.4% |
| Total equity and liabilities | 10/49 | €245,218 | €163,594 | -€81,624 | -33.3% |
| Equity | 10/15 | -€55,060 | -€166,569 | -€111,510 | -203% |
| Contributions | 10/11 | €17,353 | €17,353 | = | 0.0% |
| Reserves | 13 | €7,608 | €7,608 | = | 0.0% |
| Non-distributable reserves | 130/1 | €549 | €549 | = | 0.0% |
| Reserves not available under the articles | 1311 | €549 | €549 | = | 0.0% |
| Distributable reserves | 133 | €7,058 | €7,058 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,020 | -€191,530 | -€111,510 | -139% |
| Amounts payable | 17/49 | €300,278 | €330,164 | +€29,886 | +10.0% |
| Amounts payable after more than one year | 17 | €31,121 | €202,817 | +€171,696 | +552% |
| Financial debts | 170/4 | €31,121 | €180,817 | +€149,696 | +481% |
| Other amounts payable | 178/9 | - | €22,000 | +€22,000 | |
| Amounts payable within one year | 42/48 | €261,965 | €121,789 | -€140,176 | -53.5% |
| Current portion of amounts payable after more than one year | 42 | €5,884 | €3,304 | -€2,580 | -43.8% |
| Financial debts | 43 | €191,807 | €25,000 | -€166,807 | -87.0% |
| Credit institutions | 430/8 | €191,807 | €25,000 | -€166,807 | -87.0% |
| Trade debts | 44 | €34,175 | €14,062 | -€20,112 | -58.9% |
| Suppliers | 440/4 | €34,175 | €14,062 | -€20,112 | -58.9% |
| Taxes, remuneration and social security | 45 | €4,600 | €8,656 | +€4,056 | +88.2% |
| Taxes | 450/3 | €2,015 | €8,656 | +€6,641 | +330% |
| Remuneration and social security | 454/9 | €2,585 | €0 | -€2,585 | -100% |
| Other amounts payable | 47/48 | €25,499 | €70,767 | +€45,267 | +178% |
| Accrued charges and deferred income | 492/3 | €7,192 | €5,557 | -€1,635 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,672 | €1,603 | -€69 | -4.1% |
| Other operating charges | 640/8 | €3,085 | €4,562 | +€1,476 | +47.9% |
| Gross operating margin | 9900 | €24,645 | -€94,704 | -€119,348 | |
| Operating profit (loss) | 9901 | €19,888 | -€100,868 | -€120,756 | |
| Financial income | 75/76B | - | €75 | +€75 | |
| Recurring financial income | 75 | - | €75 | +€75 | |
| Financial charges | 65/66B | €16,542 | €10,846 | -€5,696 | -34.4% |
| Recurring financial charges | 65 | €16,542 | €10,846 | -€5,696 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €3,346 | -€111,639 | -€114,985 | |
| Income taxes | 67/77 | €2,015 | -€129 | -€2,145 | |
| Profit (loss) for the period | 9904 | €1,330 | -€111,510 | -€112,840 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,330 | -€111,510 | -€112,840 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.