MODENA: 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.
MODENA
Largest movements
- Tangible fixed assets -€6,378
down €6,378 (-7.4%), from €86,238 to €79,860
- Debts after one year -€3,359
down €3,359 (-3.6%), from €92,426 to €89,067
- Profit (loss) carried forward -€2,826
down €2,826 (-4.1%), from -€68,354 to -€71,180
- Gross operating margin +€608
up €608 (+13.4%), from €4,531 to €5,139
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 | €86,439 | €80,266 | -€6,173 | -7.1% |
| Fixed assets | 21/28 | €86,238 | €79,860 | -€6,378 | -7.4% |
| Tangible fixed assets | 22/27 | €86,238 | €79,860 | -€6,378 | -7.4% |
| Land and buildings | 22 | €86,238 | €79,860 | -€6,378 | -7.4% |
| Current assets | 29/58 | €201 | €406 | +€205 | +102.2% |
| Cash at bank and in hand | 54/58 | €7 | €205 | +€197 | +2776.7% |
| Deferred charges and accrued income | 490/1 | €194 | €202 | +€8 | +4.0% |
| Total equity and liabilities | 10/49 | €86,439 | €80,266 | -€6,173 | -7.1% |
| Equity | 10/15 | -€6,375 | -€9,201 | -€2,826 | -44.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6 | €6 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6 | €6 | = | 0.0% |
| Legal reserve | 130 | €6 | €6 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,354 | -€71,180 | -€2,826 | -4.1% |
| Amounts payable | 17/49 | €92,814 | €89,467 | -€3,347 | -3.6% |
| Amounts payable after more than one year | 17 | €92,426 | €89,067 | -€3,359 | -3.6% |
| Other amounts payable | 178/9 | €92,426 | €89,067 | -€3,359 | -3.6% |
| Amounts payable within one year | 42/48 | €387 | €400 | +€12 | +3.2% |
| Taxes, remuneration and social security | 45 | €387 | €400 | +€12 | +3.2% |
| Taxes | 450/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,378 | €6,378 | = | 0.0% |
| Other operating charges | 640/8 | €1,517 | €1,544 | +€27 | +1.8% |
| Gross operating margin | 9900 | €4,531 | €5,139 | +€608 | +13.4% |
| Operating profit (loss) | 9901 | -€3,364 | -€2,784 | +€580 | +17.2% |
| Financial charges | 65/66B | €42 | €42 | +€0 | +0.2% |
| Recurring financial charges | 65 | €42 | €42 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,406 | -€2,826 | +€580 | +17.0% |
| Profit (loss) for the period | 9904 | -€3,406 | -€2,826 | +€580 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,406 | -€2,826 | +€580 | +17.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.