MODENATURE: 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.
MODENATURE
Largest movements
- Cash -€11,865
down €11,865 (-16.8%), from €70,562 to €58,697
mainly Investment in fixed assets (net) (-€18,479) and Net result for the year (-€12,913)
- Profit (loss) carried forward -€12,913
down €12,913 (-13.9%), from €93,129 to €80,216
- Other operating charges +€6,241
up €6,241 (+62.1%), from €10,046 to €16,287
- Gross operating margin -€4,992
down €4,992 (-18.6%), from €26,895 to €21,902
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 | €370,056 | €357,226 | -€12,830 | -3.5% |
| Fixed assets | 21/28 | €243,449 | €243,546 | +€97 | 0.0% |
| Tangible fixed assets | 22/27 | €243,201 | €243,298 | +€97 | 0.0% |
| Land and buildings | 22 | €243,201 | €243,298 | +€97 | 0.0% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €126,607 | €113,680 | -€12,927 | -10.2% |
| Amounts receivable within one year | 40/41 | €8,812 | €8,812 | = | 0.0% |
| Other amounts receivable | 41 | €8,812 | €8,812 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €70,562 | €58,697 | -€11,865 | -16.8% |
| Deferred charges and accrued income | 490/1 | €47,232 | €46,171 | -€1,062 | -2.2% |
| Total equity and liabilities | 10/49 | €370,056 | €357,226 | -€12,830 | -3.5% |
| Equity | 10/15 | €334,329 | €321,416 | -€12,913 | -3.9% |
| Contributions | 10/11 | €192,000 | €192,000 | = | 0.0% |
| Capital | 10 | €192,000 | €192,000 | = | 0.0% |
| Issued capital | 100 | €192,000 | €192,000 | = | 0.0% |
| Reserves | 13 | €49,200 | €49,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,200 | €19,200 | = | 0.0% |
| Legal reserve | 130 | €19,200 | €19,200 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,129 | €80,216 | -€12,913 | -13.9% |
| Amounts payable | 17/49 | €35,727 | €35,810 | +€83 | +0.2% |
| Amounts payable within one year | 42/48 | €35,661 | €35,743 | +€82 | +0.2% |
| Trade debts | 44 | €3,049 | €3,131 | +€82 | +2.7% |
| Suppliers | 440/4 | €3,049 | €3,131 | +€82 | +2.7% |
| Other amounts payable | 47/48 | €32,612 | €32,612 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,219 | €18,382 | +€163 | +0.9% |
| Other operating charges | 640/8 | €10,046 | €16,287 | +€6,241 | +62.1% |
| Gross operating margin | 9900 | €26,895 | €21,902 | -€4,992 | -18.6% |
| Operating profit (loss) | 9901 | -€1,370 | -€12,767 | -€11,397 | -832.0% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €146 | €146 | = | 0.0% |
| Recurring financial charges | 65 | €146 | €146 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,509 | -€12,913 | -€11,404 | -755.7% |
| Profit (loss) for the period | 9904 | -€1,509 | -€12,913 | -€11,404 | -755.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,509 | -€12,913 | -€11,404 | -755.7% |
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 5 October 2026 via checked.be.