Models Office International: what changed
What changed
Models Office International
NACE 78.100, Employment placement agencies
filed annual accounts (NBB)
Net result for the year
-€23,124
2024 · -€10,439-€12,686
Equity
€196,675
2024 · €219,800-€23,124
Cash
€36,385
2024 · €214,686-€178,301
Balance sheet total
€702,103
2024 · €414,159+€287,944
Largest movements
Assets
- Tangible fixed assets +€466,435
up €466,435 (+1,266%), from €36,840 to €503,275
of which Land and buildings: +€473,111
- Cash -€178,301
down €178,301 (-83.1%), from €214,686 to €36,385
mainly Investment in fixed assets (net) (-€502,777) and Trade debts (-€24,595)
Equity and liabilities
- Debts after one year +€320,848
up €320,848 (+1,270%), from €25,266 to €346,114
- Trade debts -€24,595
down €24,595 (-17.0%), from €144,444 to €119,849
- Profit (loss) carried forward -€23,124
down €23,124 (-274%), from -€8,439 to -€31,563
- Current portion of long-term debt +€18,751
up €18,751 (+302%), from €6,213 to €24,964
Income statement
- Depreciation +€31,512
up €31,512 (+610%), from €5,170 to €36,682
- Gross operating margin +€25,640
up €25,640 (+31.8%), from €80,552 to €106,192
- Financial charges +€9,168
up €9,168 (+641%), from €1,431 to €10,599
- Staff costs -€4,153
down €4,153 (-4.9%), from €84,643 to €80,491
- Financial income -€1,162
down €1,162 (-100.0%), from €1,163 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€10,439
Gross operating margin
+€25,640
Staff costs
+€4,153
Depreciation
-€31,512
Other operating charges
-€506
Financial income
-€1,162
Financial charges
-€9,168
Taxes
-€130
Result 2025
-€23,124
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€18,499
Investment
-€502,777
Financing
+€342,974
Cash 2024
€214,686
From operations (derived)
-€18,499
Net result for the year
-€23,124
Depreciation
+€36,682
Smaller working-capital items
-€150
Trade debts
-€24,595
Tax, wage and social debts
-€4,993
Other debts
-€2,318
Investment (derived)
-€502,777
Investment in fixed assets (net)
-€502,777
Financing
+€342,974
Debts after one year
+€320,848
Current portion of long-term debt
+€18,751
Short-term financial debts
+€3,375
Cash 2025
€36,385
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €414,159 | €702,103 | +€287,944 | +69.5% |
| Fixed assets | 21/28 | €45,822 | €511,917 | +€466,095 | +1,017% |
| Intangible fixed assets | 21 | €8,809 | €8,642 | -€166 | -1.9% |
| Tangible fixed assets | 22/27 | €36,840 | €503,275 | +€466,435 | +1,266% |
| Land and buildings | 22 | - | €473,111 | +€473,111 | |
| Plant, machinery and equipment | 23 | €347 | €197 | -€150 | -43.3% |
| Furniture and vehicles | 24 | €36,492 | €29,967 | -€6,525 | -17.9% |
| Financial fixed assets | 28 | €174 | €0 | -€174 | -100% |
| Current assets | 29/58 | €368,337 | €190,186 | -€178,151 | -48.4% |
| Amounts receivable within one year | 40/41 | €153,309 | €152,379 | -€931 | -0.6% |
| Trade receivables | 40 | €130,441 | €127,575 | -€2,866 | -2.2% |
| Other amounts receivable | 41 | €22,868 | €24,803 | +€1,935 | +8.5% |
| Cash at bank and in hand | 54/58 | €214,686 | €36,385 | -€178,301 | -83.1% |
| Deferred charges and accrued income | 490/1 | €341 | €1,422 | +€1,081 | +317% |
| Total equity and liabilities | 10/49 | €414,159 | €702,103 | +€287,944 | +69.5% |
| Equity | 10/15 | €219,800 | €196,675 | -€23,124 | -10.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €208,238 | €208,238 | = | 0.0% |
| Distributable reserves | 133 | €208,238 | €208,238 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,439 | -€31,563 | -€23,124 | -274% |
| Amounts payable | 17/49 | €194,359 | €505,428 | +€311,068 | +160% |
| Amounts payable after more than one year | 17 | €25,266 | €346,114 | +€320,848 | +1,270% |
| Financial debts | 170/4 | €25,266 | €346,114 | +€320,848 | +1,270% |
| Amounts payable within one year | 42/48 | €169,093 | €159,313 | -€9,780 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €6,213 | €24,964 | +€18,751 | +302% |
| Financial debts | 43 | - | €3,375 | +€3,375 | |
| Credit institutions | 430/8 | - | €3,375 | +€3,375 | |
| Trade debts | 44 | €144,444 | €119,849 | -€24,595 | -17.0% |
| Suppliers | 440/4 | €144,444 | €119,849 | -€24,595 | -17.0% |
| Taxes, remuneration and social security | 45 | €14,151 | €9,158 | -€4,993 | -35.3% |
| Taxes | 450/3 | €1,424 | €2,232 | +€809 | +56.8% |
| Remuneration and social security | 454/9 | €12,727 | €6,926 | -€5,801 | -45.6% |
| Other amounts payable | 47/48 | €4,285 | €1,967 | -€2,318 | -54.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €84,643 | €80,491 | -€4,153 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,170 | €36,682 | +€31,512 | +610% |
| Other operating charges | 640/8 | €874 | €1,381 | +€506 | +57.9% |
| Gross operating margin | 9900 | €80,552 | €106,192 | +€25,640 | +31.8% |
| Operating profit (loss) | 9901 | -€10,135 | -€12,361 | -€2,225 | -22.0% |
| Financial income | 75/76B | €1,163 | €0 | -€1,162 | -100.0% |
| Recurring financial income | 75 | €1,163 | €0 | -€1,162 | -100.0% |
| Financial charges | 65/66B | €1,431 | €10,599 | +€9,168 | +641% |
| Recurring financial charges | 65 | €1,431 | €10,599 | +€9,168 | +641% |
| Profit (loss) for the period before taxes | 9903 | -€10,404 | -€22,959 | -€12,556 | -121% |
| Income taxes | 67/77 | €35 | €165 | +€130 | +372% |
| Profit (loss) for the period | 9904 | -€10,439 | -€23,124 | -€12,686 | -122% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,439 | -€23,124 | -€12,686 | -122% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.