MODENT: 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.
MODENT
Largest movements
- Tangible fixed assets -€54,883
down €54,883 (-25.7%), from €213,562 to €158,679
of which Furniture and vehicles: -€56,249
- Cash -€36,537
down €36,537 (-49.7%), from €73,533 to €36,996
mainly Trade debts (-€149,703) and Tax, wage and social debts (-€11,284)
- Trade debts -€149,703
down €149,703 (-99.3%), from €150,761 to €1,058
- Reserves +€66,639
up €66,639 (+70.0%), from €95,252 to €161,891
- Tax, wage and social debts -€11,284
down €11,284 (-25.2%), from €44,720 to €33,436
- Depreciation +€42,316
up €42,316 (+277.3%), from €15,261 to €57,577
- Taxes -€11,484
down €11,484 (-25.7%), from €44,720 to €33,236
- Gross operating margin +€1,595
up €1,595 (+1.0%), from €156,885 to €158,480
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 | €293,234 | €198,885 | -€94,349 | -32.2% |
| Fixed assets | 21/28 | €213,562 | €158,679 | -€54,883 | -25.7% |
| Tangible fixed assets | 22/27 | €213,562 | €158,679 | -€54,883 | -25.7% |
| Plant, machinery and equipment | 23 | €7,083 | €8,450 | +€1,366 | +19.3% |
| Furniture and vehicles | 24 | €206,479 | €150,229 | -€56,249 | -27.2% |
| Current assets | 29/58 | €79,672 | €40,206 | -€39,466 | -49.5% |
| Cash at bank and in hand | 54/58 | €73,533 | €36,996 | -€36,537 | -49.7% |
| Deferred charges and accrued income | 490/1 | €6,139 | €3,210 | -€2,929 | -47.7% |
| Total equity and liabilities | 10/49 | €293,234 | €198,885 | -€94,349 | -32.2% |
| Equity | 10/15 | €97,752 | €164,391 | +€66,639 | +68.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €95,252 | €161,891 | +€66,639 | +70.0% |
| Distributable reserves | 133 | €95,252 | €161,891 | +€66,639 | +70.0% |
| Amounts payable | 17/49 | €195,482 | €34,494 | -€160,987 | -82.4% |
| Amounts payable within one year | 42/48 | €195,482 | €34,494 | -€160,987 | -82.4% |
| Trade debts | 44 | €150,761 | €1,058 | -€149,703 | -99.3% |
| Suppliers | 440/4 | €150,761 | €1,058 | -€149,703 | -99.3% |
| Taxes, remuneration and social security | 45 | €44,720 | €33,436 | -€11,284 | -25.2% |
| Taxes | 450/3 | €44,720 | €33,436 | -€11,284 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,261 | €57,577 | +€42,316 | +277.3% |
| Other operating charges | 640/8 | €1,617 | €958 | -€660 | -40.8% |
| Gross operating margin | 9900 | €156,885 | €158,480 | +€1,595 | +1.0% |
| Operating profit (loss) | 9901 | €140,006 | €99,945 | -€40,062 | -28.6% |
| Financial charges | 65/66B | €34 | €70 | +€36 | +107.7% |
| Recurring financial charges | 65 | €34 | €70 | +€36 | +107.7% |
| Profit (loss) for the period before taxes | 9903 | €139,972 | €99,875 | -€40,098 | -28.6% |
| Income taxes | 67/77 | €44,720 | €33,236 | -€11,484 | -25.7% |
| Profit (loss) for the period | 9904 | €95,252 | €66,639 | -€28,614 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €95,252 | €66,639 | -€28,614 | -30.0% |
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 1 October 2026 via checked.be.