MoDeMo: 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.
MoDeMo
Largest movements
- Tangible fixed assets -€14,942
down €14,942 (-10.6%), from €140,584 to €125,642
of which Land and buildings: -€9,500
- Stocks and contracts +€6,298
up €6,298 (+7.1%), from €88,375 to €94,673
- Cash -€3,599
down €3,599 (-4.8%), from €74,528 to €70,929
mainly Debts after one year (-€24,745) and Stocks and contracts (-€6,298)
- Debts after one year -€24,745
down €24,745 (-24.4%), from €101,282 to €76,537
- Reserves +€5,497
up €5,497 (+4.0%), from €138,014 to €143,511
- Tax, wage and social debts +€5,284
up €5,284 (+47.8%), from €11,061 to €16,345
of which Taxes: +€3,242
- Staff costs +€12,706
up €12,706 (+27.0%), from €47,111 to €59,817
- Gross operating margin +€10,686
up €10,686 (+13.1%), from €81,488 to €92,174
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.
Derived cash bridge
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 | €313,625 | €297,414 | -€16,211 | -5.2% |
| Fixed assets | 21/28 | €140,634 | €125,692 | -€14,942 | -10.6% |
| Tangible fixed assets | 22/27 | €140,584 | €125,642 | -€14,942 | -10.6% |
| Land and buildings | 22 | €80,750 | €71,250 | -€9,500 | -11.8% |
| Plant, machinery and equipment | 23 | - | €1,297 | +€1,297 | |
| Furniture and vehicles | 24 | €936 | €750 | -€186 | -19.9% |
| Other tangible fixed assets | 26 | €58,898 | €52,345 | -€6,553 | -11.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €172,991 | €171,722 | -€1,269 | -0.7% |
| Stocks and contracts in progress | 3 | €88,375 | €94,673 | +€6,298 | +7.1% |
| Stocks | 30/36 | €88,375 | €94,673 | +€6,298 | +7.1% |
| Amounts receivable within one year | 40/41 | €6,062 | €4,847 | -€1,215 | -20.0% |
| Trade receivables | 40 | €3,115 | €2,950 | -€165 | -5.3% |
| Other amounts receivable | 41 | €2,947 | €1,897 | -€1,050 | -35.6% |
| Cash at bank and in hand | 54/58 | €74,528 | €70,929 | -€3,599 | -4.8% |
| Deferred charges and accrued income | 490/1 | €4,026 | €1,274 | -€2,752 | -68.4% |
| Total equity and liabilities | 10/49 | €313,625 | €297,414 | -€16,211 | -5.2% |
| Equity | 10/15 | €163,014 | €168,511 | +€5,497 | +3.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €138,014 | €143,511 | +€5,497 | +4.0% |
| Distributable reserves | 133 | €138,014 | €143,511 | +€5,497 | +4.0% |
| Amounts payable | 17/49 | €150,611 | €128,904 | -€21,708 | -14.4% |
| Amounts payable after more than one year | 17 | €101,282 | €76,537 | -€24,745 | -24.4% |
| Financial debts | 170/4 | €101,282 | €76,537 | -€24,745 | -24.4% |
| Amounts payable within one year | 42/48 | €49,102 | €51,294 | +€2,192 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €24,193 | €24,745 | +€552 | +2.3% |
| Trade debts | 44 | €11,193 | €8,762 | -€2,431 | -21.7% |
| Suppliers | 440/4 | €11,193 | €8,762 | -€2,431 | -21.7% |
| Taxes, remuneration and social security | 45 | €11,061 | €16,345 | +€5,284 | +47.8% |
| Taxes | 450/3 | €4,281 | €7,523 | +€3,242 | +75.7% |
| Remuneration and social security | 454/9 | €6,779 | €8,822 | +€2,042 | +30.1% |
| Other amounts payable | 47/48 | €2,655 | €1,442 | -€1,213 | -45.7% |
| Accrued charges and deferred income | 492/3 | €228 | €1,073 | +€845 | +370% |
| Remuneration, social security and pensions | 62 | €47,111 | €59,817 | +€12,706 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,748 | €17,123 | +€375 | +2.2% |
| Other operating charges | 640/8 | €3,253 | €3,174 | -€79 | -2.4% |
| Gross operating margin | 9900 | €81,488 | €92,174 | +€10,686 | +13.1% |
| Operating profit (loss) | 9901 | €14,376 | €12,061 | -€2,316 | -16.1% |
| Financial income | 75/76B | €1,268 | €1,115 | -€153 | -12.1% |
| Recurring financial income | 75 | €1,268 | €1,115 | -€153 | -12.1% |
| Financial charges | 65/66B | €5,395 | €5,026 | -€369 | -6.8% |
| Recurring financial charges | 65 | €5,395 | €5,026 | -€369 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €10,249 | €8,149 | -€2,100 | -20.5% |
| Income taxes | 67/77 | €3,272 | €2,652 | -€620 | -18.9% |
| Profit (loss) for the period | 9904 | €6,977 | €5,497 | -€1,480 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,977 | €5,497 | -€1,480 | -21.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.