MODENE: 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.
MODENE
Largest movements
- Cash +€41,788
up €41,788 (+59.6%), from €70,129 to €111,917
mainly Debts after one year (+€50,000) and Net result for the year (+€16,305)
- Receivables within one year +€6,451
up €6,451 (+161.6%), from €3,992 to €10,443
of which Other amounts receivable: +€4,129
- Stocks and contracts -€5,169
down €5,169 (-1.8%), from €293,298 to €288,129
- Debts after one year +€50,000
up €50,000 (+704.2%), from €7,100 to €57,100
- Profit (loss) carried forward +€16,305
up €16,305 (+7.5%), from €217,161 to €233,466
- Tax, wage and social debts -€14,175
down €14,175 (-55.0%), from €25,767 to €11,592
of which Taxes: -€14,255
- Trade debts -€4,388
down €4,388 (-6.5%), from €67,984 to €63,596
- Gross operating margin -€44,530
down €44,530 (-37.6%), from €118,560 to €74,030
- Write-downs -€21,748
down €21,748 (-50.8%), from €42,784 to €21,037
- Taxes -€6,454
down €6,454 (-52.4%), from €12,324 to €5,871
- Financial income -€4,270
down €4,270 (-32.0%), from €13,366 to €9,095
- Depreciation -€3,081
down €3,081 (-89.7%), from €3,435 to €354
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €370,039 | €414,087 | +€44,048 | +11.9% |
| Fixed assets | 21/28 | €262 | €899 | +€637 | +243.2% |
| Tangible fixed assets | 22/27 | €64 | €700 | +€637 | +1002.2% |
| Furniture and vehicles | 24 | €64 | €700 | +€637 | +1002.2% |
| Financial fixed assets | 28 | €198 | €198 | = | 0.0% |
| Current assets | 29/58 | €369,777 | €413,188 | +€43,411 | +11.7% |
| Stocks and contracts in progress | 3 | €293,298 | €288,129 | -€5,169 | -1.8% |
| Stocks | 30/36 | €293,298 | €288,129 | -€5,169 | -1.8% |
| Amounts receivable within one year | 40/41 | €3,992 | €10,443 | +€6,451 | +161.6% |
| Trade receivables | 40 | €3,992 | €6,314 | +€2,322 | +58.2% |
| Other amounts receivable | 41 | - | €4,129 | +€4,129 | |
| Cash at bank and in hand | 54/58 | €70,129 | €111,917 | +€41,788 | +59.6% |
| Deferred charges and accrued income | 490/1 | €2,358 | €2,699 | +€340 | +14.4% |
| Total equity and liabilities | 10/49 | €370,039 | €414,087 | +€44,048 | +11.9% |
| Equity | 10/15 | €261,161 | €277,466 | +€16,305 | +6.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €217,161 | €233,466 | +€16,305 | +7.5% |
| Amounts payable | 17/49 | €108,878 | €136,621 | +€27,743 | +25.5% |
| Amounts payable after more than one year | 17 | €7,100 | €57,100 | +€50,000 | +704.2% |
| Other amounts payable | 178/9 | €7,100 | €57,100 | +€50,000 | +704.2% |
| Amounts payable within one year | 42/48 | €95,883 | €75,188 | -€20,695 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €2,132 | €0 | -€2,132 | -100.0% |
| Trade debts | 44 | €67,984 | €63,596 | -€4,388 | -6.5% |
| Suppliers | 440/4 | €67,984 | €63,596 | -€4,388 | -6.5% |
| Taxes, remuneration and social security | 45 | €25,767 | €11,592 | -€14,175 | -55.0% |
| Taxes | 450/3 | €19,139 | €4,884 | -€14,255 | -74.5% |
| Remuneration and social security | 454/9 | €6,629 | €6,709 | +€80 | +1.2% |
| Accrued charges and deferred income | 492/3 | €5,895 | €4,333 | -€1,562 | -26.5% |
| Remuneration, social security and pensions | 62 | €33,769 | €33,369 | -€400 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,435 | €354 | -€3,081 | -89.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €42,784 | €21,037 | -€21,748 | -50.8% |
| Other operating charges | 640/8 | €908 | €969 | +€61 | +6.7% |
| Gross operating margin | 9900 | €118,560 | €74,030 | -€44,530 | -37.6% |
| Operating profit (loss) | 9901 | €37,664 | €18,302 | -€19,362 | -51.4% |
| Financial income | 75/76B | €13,366 | €9,095 | -€4,270 | -32.0% |
| Recurring financial income | 75 | €13,366 | €9,095 | -€4,270 | -32.0% |
| Financial charges | 65/66B | €5,148 | €5,221 | +€73 | +1.4% |
| Recurring financial charges | 65 | €5,148 | €5,221 | +€73 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €45,881 | €22,176 | -€23,705 | -51.7% |
| Income taxes | 67/77 | €12,324 | €5,871 | -€6,454 | -52.4% |
| Profit (loss) for the period | 9904 | €33,557 | €16,305 | -€17,252 | -51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,557 | €16,305 | -€17,252 | -51.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.