MODELLERA'S: 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.
MODELLERA'S
Largest movements
- Stocks and contracts +€3,225
up €3,225 (+25.3%), from €12,730 to €15,955
- Receivables within one year -€2,500
no longer reported in 2024 (was €2,500)
- Tangible fixed assets -€733
down €733 (-33.3%), from €2,200 to €1,467
- Deferred charges and accrued income -€315
down €315 (-58.6%), from €538 to €223
- Cash +€230
up €230 (+26.3%), from €875 to €1,105
mainly Other debts (+€12,846) and Receivables within one year (+€2,500)
- Other debts +€12,846
up €12,846 (+141%), from €9,092 to €21,938
- Profit (loss) carried forward -€6,092
down €6,092 (-102%), from -€5,951 to -€12,044
- Tax, wage and social debts -€4,956
down €4,956 (-91.0%), from €5,446 to €490
- Trade debts -€1,599
down €1,599 (-35.6%), from €4,494 to €2,894
- Short-term financial debts -€293
no longer reported in 2024 (was €293)
- Gross operating margin -€8,137
down €8,137, from €4,842 to -€3,295
- Depreciation -€367
down €367 (-33.3%), from €1,100 to €733
- Financial charges -€97
down €97 (-35.4%), from €274 to €177
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,943 | €20,850 | -€94 | -0.4% |
| Fixed assets | 21/28 | €4,300 | €3,567 | -€733 | -17.1% |
| Tangible fixed assets | 22/27 | €2,200 | €1,467 | -€733 | -33.3% |
| Furniture and vehicles | 24 | €2,200 | €1,467 | -€733 | -33.3% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €16,643 | €17,283 | +€640 | +3.8% |
| Stocks and contracts in progress | 3 | €12,730 | €15,955 | +€3,225 | +25.3% |
| Stocks | 30/36 | €12,730 | €15,955 | +€3,225 | +25.3% |
| Amounts receivable within one year | 40/41 | €2,500 | - | -€2,500 | |
| Trade receivables | 40 | €2,500 | - | -€2,500 | |
| Cash at bank and in hand | 54/58 | €875 | €1,105 | +€230 | +26.3% |
| Deferred charges and accrued income | 490/1 | €538 | €223 | -€315 | -58.6% |
| Total equity and liabilities | 10/49 | €20,943 | €20,850 | -€94 | -0.4% |
| Equity | 10/15 | €1,619 | -€4,473 | -€6,092 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,371 | €1,371 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,371 | €1,371 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,371 | €1,371 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,951 | -€12,044 | -€6,092 | -102% |
| Amounts payable | 17/49 | €19,324 | €25,323 | +€5,999 | +31.0% |
| Amounts payable within one year | 42/48 | €19,324 | €25,323 | +€5,999 | +31.0% |
| Financial debts | 43 | €293 | - | -€293 | |
| Credit institutions | 430/8 | €293 | - | -€293 | |
| Trade debts | 44 | €4,494 | €2,894 | -€1,599 | -35.6% |
| Suppliers | 440/4 | €4,494 | €2,894 | -€1,599 | -35.6% |
| Taxes, remuneration and social security | 45 | €5,446 | €490 | -€4,956 | -91.0% |
| Taxes | 450/3 | €5,446 | €490 | -€4,956 | -91.0% |
| Other amounts payable | 47/48 | €9,092 | €21,938 | +€12,846 | +141% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,100 | €733 | -€367 | -33.3% |
| Other operating charges | 640/8 | €1,671 | €1,716 | +€45 | +2.7% |
| Gross operating margin | 9900 | €4,842 | -€3,295 | -€8,137 | |
| Operating profit (loss) | 9901 | €2,071 | -€5,745 | -€7,816 | |
| Financial charges | 65/66B | €274 | €177 | -€97 | -35.4% |
| Recurring financial charges | 65 | €274 | €177 | -€97 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €1,797 | -€5,921 | -€7,719 | |
| Income taxes | 67/77 | €137 | €171 | +€34 | +25.0% |
| Profit (loss) for the period | 9904 | €1,661 | -€6,092 | -€7,753 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,661 | -€6,092 | -€7,753 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.