Modern Electric: 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.
Modern Electric
Largest movements
- Tangible fixed assets -€32,118
down €32,118 (-97.3%), from €32,993 to €875
of which Furniture and vehicles: -€32,431
- Receivables within one year -€3,679
down €3,679 (-17.6%), from €20,842 to €17,163
of which Trade receivables: -€5,938
- Cash +€747
up €747 (+51.3%), from €1,456 to €2,203
mainly Investment in fixed assets (net) (+€32,091) and Receivables within one year (+€3,679)
- Debts after one year -€37,988
down €37,988 (-96.5%), from €39,367 to €1,379
- Profit (loss) carried forward -€3,753
down €3,753 (-35.5%), from €10,571 to €6,818
- Current portion of long-term debt +€3,133
new in 2025: €3,133
- Tax, wage and social debts +€3,083
new in 2025: €3,083
- Depreciation -€8,220
down €8,220 (-99.7%), from €8,247 to €27
- Gross operating margin -€7,601
down €7,601 (-55.3%), from €13,756 to €6,155
- Taxes +€2,158
up €2,158 (+233%), from €925 to €3,083
- Financial charges +€1,183
up €1,183 (+91.4%), from €1,295 to €2,479
- Other operating charges +€838
up €838 (+92.6%), from €906 to €1,744
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 | €55,290 | €20,241 | -€35,049 | -63.4% |
| Fixed assets | 21/28 | €32,993 | €875 | -€32,118 | -97.3% |
| Tangible fixed assets | 22/27 | €32,993 | €875 | -€32,118 | -97.3% |
| Plant, machinery and equipment | 23 | - | €314 | +€314 | |
| Furniture and vehicles | 24 | €32,993 | €561 | -€32,431 | -98.3% |
| Current assets | 29/58 | €22,298 | €19,366 | -€2,931 | -13.1% |
| Amounts receivable within one year | 40/41 | €20,842 | €17,163 | -€3,679 | -17.6% |
| Trade receivables | 40 | €6,723 | €785 | -€5,938 | -88.3% |
| Other amounts receivable | 41 | €14,119 | €16,379 | +€2,260 | +16.0% |
| Cash at bank and in hand | 54/58 | €1,456 | €2,203 | +€747 | +51.3% |
| Total equity and liabilities | 10/49 | €55,290 | €20,241 | -€35,049 | -63.4% |
| Equity | 10/15 | €15,571 | €11,818 | -€3,753 | -24.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,571 | €6,818 | -€3,753 | -35.5% |
| Amounts payable | 17/49 | €39,719 | €8,423 | -€31,296 | -78.8% |
| Amounts payable after more than one year | 17 | €39,367 | €1,379 | -€37,988 | -96.5% |
| Financial debts | 170/4 | €39,367 | €1,379 | -€37,988 | -96.5% |
| Amounts payable within one year | 42/48 | €352 | €7,044 | +€6,692 | +1,901% |
| Current portion of amounts payable after more than one year | 42 | - | €3,133 | +€3,133 | |
| Trade debts | 44 | €352 | €828 | +€476 | +135% |
| Suppliers | 440/4 | €352 | €828 | +€476 | +135% |
| Taxes, remuneration and social security | 45 | - | €3,083 | +€3,083 | |
| Taxes | 450/3 | - | €3,083 | +€3,083 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,247 | €27 | -€8,220 | -99.7% |
| Other operating charges | 640/8 | €906 | €1,744 | +€838 | +92.6% |
| Non-recurring operating charges | 66A | - | €3,291 | +€3,291 | |
| Gross operating margin | 9900 | €13,756 | €6,155 | -€7,601 | -55.3% |
| Operating profit (loss) | 9901 | €4,603 | €1,093 | -€3,510 | -76.3% |
| Financial income | 75/76B | - | €351 | +€351 | |
| Recurring financial income | 75 | - | €255 | +€255 | |
| Non-recurring financial income | 76B | - | €96 | +€96 | |
| Financial charges | 65/66B | €1,295 | €2,479 | +€1,183 | +91.4% |
| Recurring financial charges | 65 | €1,295 | €2,479 | +€1,183 | +91.4% |
| Profit (loss) for the period before taxes | 9903 | €3,308 | -€1,035 | -€4,343 | |
| Income taxes | 67/77 | €925 | €3,083 | +€2,158 | +233% |
| Profit (loss) for the period | 9904 | €2,383 | -€4,117 | -€6,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,383 | -€4,117 | -€6,500 |
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 23 October 2026 via checked.be.