MODEK: 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.
MODEK
Largest movements
- Tangible fixed assets -€15,372
down €15,372 (-4.2%), from €363,067 to €347,695
of which Land and buildings: -€10,896
- Profit (loss) carried forward -€16,980
down €16,980 (-10.7%), from -€158,819 to -€175,799
- Gross operating margin -€4,078
down €4,078 (-32.7%), from €12,489 to €8,411
- Financial income +€289
up €289 (+639%), from €45 to €334
- Other operating charges -€205
down €205 (-4.3%), from €4,774 to €4,569
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 | €1,104,377 | €1,089,216 | -€15,161 | -1.4% |
| Fixed assets | 21/28 | €363,067 | €347,695 | -€15,372 | -4.2% |
| Tangible fixed assets | 22/27 | €363,067 | €347,695 | -€15,372 | -4.2% |
| Land and buildings | 22 | €350,758 | €339,862 | -€10,896 | -3.1% |
| Plant, machinery and equipment | 23 | €2,252 | €902 | -€1,350 | -59.9% |
| Furniture and vehicles | 24 | €10,056 | €6,931 | -€3,125 | -31.1% |
| Current assets | 29/58 | €741,311 | €741,521 | +€210 | 0.0% |
| Amounts receivable within one year | 40/41 | €664,504 | €665,905 | +€1,401 | +0.2% |
| Other amounts receivable | 41 | €664,504 | €665,905 | +€1,401 | +0.2% |
| Cash at bank and in hand | 54/58 | €76,806 | €74,266 | -€2,540 | -3.3% |
| Deferred charges and accrued income | 490/1 | - | €1,350 | +€1,350 | |
| Total equity and liabilities | 10/49 | €1,104,377 | €1,089,216 | -€15,161 | -1.4% |
| Equity | 10/15 | €700,347 | €683,367 | -€16,980 | -2.4% |
| Contributions | 10/11 | €441,000 | €441,000 | = | 0.0% |
| Capital | 10 | €441,000 | €441,000 | = | 0.0% |
| Issued capital | 100 | €441,000 | €441,000 | = | 0.0% |
| Reserves | 13 | €418,166 | €418,166 | = | 0.0% |
| Tax-exempt reserves | 132 | €418,166 | €418,166 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€158,819 | -€175,799 | -€16,980 | -10.7% |
| Provisions and deferred taxes | 16 | €139,389 | €139,389 | = | 0.0% |
| Deferred taxes | 168 | €139,389 | €139,389 | = | 0.0% |
| Amounts payable | 17/49 | €264,642 | €266,461 | +€1,819 | +0.7% |
| Amounts payable within one year | 42/48 | €263,702 | €265,493 | +€1,791 | +0.7% |
| Trade debts | 44 | €0 | €1,791 | +€1,791 | |
| Suppliers | 440/4 | €0 | €1,791 | +€1,791 | |
| Other amounts payable | 47/48 | €263,702 | €263,702 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €940 | €968 | +€28 | +3.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,094 | €21,157 | +€63 | +0.3% |
| Other operating charges | 640/8 | €4,774 | €4,569 | -€205 | -4.3% |
| Gross operating margin | 9900 | €12,489 | €8,411 | -€4,078 | -32.7% |
| Operating profit (loss) | 9901 | -€13,378 | -€17,314 | -€3,937 | -29.4% |
| Financial income | 75/76B | €45 | €334 | +€289 | +639% |
| Recurring financial income | 75 | €45 | €334 | +€289 | +639% |
| Financial charges | 65/66B | €7 | €0 | -€7 | -100% |
| Recurring financial charges | 65 | €7 | €0 | -€7 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€13,339 | -€16,980 | -€3,641 | -27.3% |
| Profit (loss) for the period | 9904 | -€13,339 | -€16,980 | -€3,641 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,339 | -€16,980 | -€3,641 | -27.3% |
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 13 October 2026 via checked.be.