MODELMO: 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.
MODELMO
Largest movements
- Tangible fixed assets -€6,752
down €6,752 (-22.5%), from €29,975 to €23,223
- Current investments -€5,838
down €5,838 (-83.4%), from €7,000 to €1,162
- Cash -€3,860
down €3,860 (-93.4%), from €4,132 to €272
mainly Net result for the year (-€18,619) and Trade debts (-€932)
- Receivables within one year -€1,418
down €1,418 (-23.9%), from €5,937 to €4,519
of which Trade receivables: -€3,463
- Deferred charges and accrued income +€478
up €478 (+102.3%), from €467 to €945
- Profit (loss) carried forward -€18,619
down €18,619, from €8,667 to -€9,952
- Other debts +€2,607
new in 2025: €2,607
- Trade debts -€932
down €932 (-24.5%), from €3,797 to €2,865
- Gross operating margin -€11,351
down €11,351, from €4 to -€11,347
- Financial charges +€263
up €263 (+80.1%), from €329 to €592
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 | €47,511 | €30,120 | -€17,391 | -36.6% |
| Fixed assets | 21/28 | €29,975 | €23,223 | -€6,752 | -22.5% |
| Tangible fixed assets | 22/27 | €29,975 | €23,223 | -€6,752 | -22.5% |
| Plant, machinery and equipment | 23 | €29,975 | €23,223 | -€6,752 | -22.5% |
| Current assets | 29/58 | €17,536 | €6,897 | -€10,639 | -60.7% |
| Amounts receivable within one year | 40/41 | €5,937 | €4,519 | -€1,418 | -23.9% |
| Trade receivables | 40 | €4,970 | €1,506 | -€3,463 | -69.7% |
| Other amounts receivable | 41 | €967 | €3,012 | +€2,045 | +211.5% |
| Current investments | 50/53 | €7,000 | €1,162 | -€5,838 | -83.4% |
| Cash at bank and in hand | 54/58 | €4,132 | €272 | -€3,860 | -93.4% |
| Deferred charges and accrued income | 490/1 | €467 | €945 | +€478 | +102.3% |
| Total equity and liabilities | 10/49 | €47,511 | €30,120 | -€17,391 | -36.6% |
| Equity | 10/15 | €43,267 | €24,648 | -€18,619 | -43.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,667 | -€9,952 | -€18,619 | |
| Amounts payable | 17/49 | €4,244 | €5,472 | +€1,228 | +28.9% |
| Amounts payable within one year | 42/48 | €4,244 | €5,472 | +€1,228 | +28.9% |
| Trade debts | 44 | €3,797 | €2,865 | -€932 | -24.5% |
| Suppliers | 440/4 | €3,797 | €2,865 | -€932 | -24.5% |
| Taxes, remuneration and social security | 45 | €447 | - | -€447 | |
| Taxes | 450/3 | €447 | - | -€447 | |
| Other amounts payable | 47/48 | - | €2,607 | +€2,607 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,660 | €6,752 | +€92 | +1.4% |
| Other operating charges | 640/8 | €60 | - | -€60 | |
| Gross operating margin | 9900 | €4 | -€11,347 | -€11,351 | |
| Operating profit (loss) | 9901 | -€6,717 | -€18,100 | -€11,383 | -169.5% |
| Financial income | 75/76B | €31 | €73 | +€42 | +137.2% |
| Recurring financial income | 75 | €31 | €73 | +€42 | +137.2% |
| Financial charges | 65/66B | €329 | €592 | +€263 | +80.1% |
| Recurring financial charges | 65 | €329 | €592 | +€263 | +80.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,015 | -€18,619 | -€11,604 | -165.4% |
| Profit (loss) for the period | 9904 | -€7,015 | -€18,619 | -€11,604 | -165.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,015 | -€18,619 | -€11,604 | -165.4% |
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 8 October 2026 via checked.be.