Modelio: 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.
Modelio
Largest movements
- Cash +€57,664
up €57,664 (+435.9%), from €13,230 to €70,894
mainly Net result for the year (+€54,635) and Depreciation (+€9,333)
- Tangible fixed assets -€9,333
down €9,333 (-45.5%), from €20,527 to €11,194
- Receivables within one year +€1,831
up €1,831 (+12.9%), from €14,176 to €16,007
- Profit (loss) carried forward +€53,802
up €53,802 (+135.0%), from €39,844 to €93,646
- Tax, wage and social debts -€4,031
down €4,031 (-57.2%), from €7,047 to €3,016
- Gross operating margin +€23,203
up €23,203 (+38.0%), from €61,140 to €84,344
- Taxes +€4,859
up €4,859 (+41.3%), from €11,776 to €16,635
- Other operating charges +€2,550
up €2,550 (+220.6%), from €1,156 to €3,706
- Depreciation +€1,861
up €1,861 (+24.9%), from €7,473 to €9,333
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 | €48,596 | €98,844 | +€50,249 | +103.4% |
| Fixed assets | 21/28 | €20,527 | €11,194 | -€9,333 | -45.5% |
| Tangible fixed assets | 22/27 | €20,527 | €11,194 | -€9,333 | -45.5% |
| Furniture and vehicles | 24 | €20,527 | €11,194 | -€9,333 | -45.5% |
| Current assets | 29/58 | €28,068 | €87,650 | +€59,582 | +212.3% |
| Amounts receivable within one year | 40/41 | €14,176 | €16,007 | +€1,831 | +12.9% |
| Trade receivables | 40 | €14,176 | €16,007 | +€1,831 | +12.9% |
| Cash at bank and in hand | 54/58 | €13,230 | €70,894 | +€57,664 | +435.9% |
| Deferred charges and accrued income | 490/1 | €662 | €750 | +€88 | +13.2% |
| Total equity and liabilities | 10/49 | €48,596 | €98,844 | +€50,249 | +103.4% |
| Equity | 10/15 | €40,344 | €94,146 | +€53,802 | +133.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,844 | €93,646 | +€53,802 | +135.0% |
| Amounts payable | 17/49 | €8,251 | €4,698 | -€3,554 | -43.1% |
| Amounts payable within one year | 42/48 | €8,251 | €4,698 | -€3,554 | -43.1% |
| Trade debts | 44 | €345 | €849 | +€504 | +146.0% |
| Suppliers | 440/4 | €345 | €849 | +€504 | +146.0% |
| Taxes, remuneration and social security | 45 | €7,047 | €3,016 | -€4,031 | -57.2% |
| Taxes | 450/3 | €7,047 | €3,016 | -€4,031 | -57.2% |
| Other amounts payable | 47/48 | €859 | €833 | -€26 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,473 | €9,333 | +€1,861 | +24.9% |
| Other operating charges | 640/8 | €1,156 | €3,706 | +€2,550 | +220.6% |
| Gross operating margin | 9900 | €61,140 | €84,344 | +€23,203 | +38.0% |
| Operating profit (loss) | 9901 | €52,512 | €71,305 | +€18,793 | +35.8% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €32 | €47 | +€14 | +44.9% |
| Recurring financial charges | 65 | €32 | €47 | +€14 | +44.9% |
| Profit (loss) for the period before taxes | 9903 | €52,479 | €71,270 | +€18,790 | +35.8% |
| Income taxes | 67/77 | €11,776 | €16,635 | +€4,859 | +41.3% |
| Profit (loss) for the period | 9904 | €40,703 | €54,635 | +€13,932 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,703 | €54,635 | +€13,932 | +34.2% |
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 4 October 2026 via checked.be.