MODELAR GROUP: 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.
MODELAR GROUP
Largest movements
- Receivables within one year +€7,019
up €7,019 (+51.5%), from €13,618 to €20,638
of which Trade receivables: +€9,605
- Current investments -€687
no longer reported in 2025 (was €687)
- Profit (loss) carried forward +€8,919
up €8,919 (+188.1%), from €4,741 to €13,660
- Trade debts -€6,239
down €6,239 (-74.5%), from €8,379 to €2,140
- Tax, wage and social debts +€1,877
up €1,877 (+158.4%), from €1,185 to €3,062
- Contributions +€1,800
new in 2025: €1,800
- Turnover -€83,456
no longer reported in 2025 (was €83,456)
- Purchases and services -€76,611
no longer reported in 2025 (was €76,611)
- Gross operating margin +€5,871
up €5,871 (+85.8%), from €6,845 to €12,717
- Financial charges +€979
up €979 (+1250.3%), from €78 to €1,057
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 | €14,306 | €20,713 | +€6,407 | +44.8% |
| Current assets | 29/58 | €14,306 | €20,713 | +€6,407 | +44.8% |
| Amounts receivable within one year | 40/41 | €13,618 | €20,638 | +€7,019 | +51.5% |
| Trade receivables | 40 | €855 | €10,460 | +€9,605 | +1123.4% |
| Other amounts receivable | 41 | €12,763 | €10,177 | -€2,586 | -20.3% |
| Current investments | 50/53 | €687 | - | -€687 | |
| Cash at bank and in hand | 54/58 | - | €75 | +€75 | |
| Total equity and liabilities | 10/49 | €14,306 | €20,713 | +€6,407 | +44.8% |
| Equity | 10/15 | €4,741 | €15,460 | +€10,719 | +226.1% |
| Contributions | 10/11 | - | €1,800 | +€1,800 | |
| Profit (loss) carried forward | 14 | €4,741 | €13,660 | +€8,919 | +188.1% |
| Amounts payable | 17/49 | €9,564 | €5,253 | -€4,312 | -45.1% |
| Amounts payable within one year | 42/48 | €9,564 | €5,203 | -€4,362 | -45.6% |
| Trade debts | 44 | €8,379 | €2,140 | -€6,239 | -74.5% |
| Suppliers | 440/4 | €8,379 | €2,140 | -€6,239 | -74.5% |
| Taxes, remuneration and social security | 45 | €1,185 | €3,062 | +€1,877 | +158.4% |
| Taxes | 450/3 | €1,185 | €3,062 | +€1,877 | +158.4% |
| Accrued charges and deferred income | 492/3 | - | €50 | +€50 | |
| Turnover | 70 | €83,456 | - | -€83,456 | |
| Goods, raw materials, services and sundry goods | 60/61 | €76,611 | - | -€76,611 | |
| Other operating charges | 640/8 | €841 | €863 | +€23 | +2.7% |
| Gross operating margin | 9900 | €6,845 | €12,717 | +€5,871 | +85.8% |
| Operating profit (loss) | 9901 | €6,005 | €11,853 | +€5,849 | +97.4% |
| Financial charges | 65/66B | €78 | €1,057 | +€979 | +1250.3% |
| Recurring financial charges | 65 | €78 | €1,057 | +€979 | +1250.3% |
| Profit (loss) for the period before taxes | 9903 | €5,926 | €10,796 | +€4,870 | +82.2% |
| Income taxes | 67/77 | €1,185 | €1,877 | +€692 | +58.4% |
| Profit (loss) for the period | 9904 | €4,741 | €8,919 | +€4,178 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,741 | €8,919 | +€4,178 | +88.1% |
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 29 September 2026 via checked.be.