Modern²ising: 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.
Modern²ising
Largest movements
- Cash +€49,820
up €49,820 (+119%), from €41,732 to €91,552
mainly Net result for the year (+€42,177) and Receivables within one year (+€7,113)
- Receivables within one year -€7,113
down €7,113 (-52.8%), from €13,477 to €6,364
of which Trade receivables: -€8,645
- Current investments +€4,854
new in 2025: €4,854
- Tangible fixed assets -€2,450
down €2,450 (-41.7%), from €5,872 to €3,422
- Reserves +€42,177
up €42,177 (+85.2%), from €49,530 to €91,707
- Tax, wage and social debts +€2,269
up €2,269 (+45.8%), from €4,959 to €7,229
- Gross operating margin -€8,477
down €8,477 (-13.0%), from €65,014 to €56,538
- Taxes -€1,732
down €1,732 (-13.1%), from €13,199 to €11,466
- Depreciation +€972
up €972 (+65.7%), from €1,478 to €2,450
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 | €61,400 | €106,510 | +€45,109 | +73.5% |
| Fixed assets | 21/28 | €5,872 | €3,422 | -€2,450 | -41.7% |
| Tangible fixed assets | 22/27 | €5,872 | €3,422 | -€2,450 | -41.7% |
| Furniture and vehicles | 24 | €5,872 | €3,422 | -€2,450 | -41.7% |
| Current assets | 29/58 | €55,528 | €103,088 | +€47,560 | +85.6% |
| Amounts receivable within one year | 40/41 | €13,477 | €6,364 | -€7,113 | -52.8% |
| Trade receivables | 40 | €8,645 | - | -€8,645 | |
| Other amounts receivable | 41 | €4,832 | €6,364 | +€1,532 | +31.7% |
| Current investments | 50/53 | - | €4,854 | +€4,854 | |
| Cash at bank and in hand | 54/58 | €41,732 | €91,552 | +€49,820 | +119% |
| Deferred charges and accrued income | 490/1 | €319 | €317 | -€2 | -0.7% |
| Total equity and liabilities | 10/49 | €61,400 | €106,510 | +€45,109 | +73.5% |
| Equity | 10/15 | €54,530 | €96,707 | +€42,177 | +77.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €49,530 | €91,707 | +€42,177 | +85.2% |
| Distributable reserves | 133 | €49,530 | €91,707 | +€42,177 | +85.2% |
| Amounts payable | 17/49 | €6,871 | €9,803 | +€2,932 | +42.7% |
| Amounts payable within one year | 42/48 | €6,871 | €9,080 | +€2,210 | +32.2% |
| Trade debts | 44 | €1,373 | €1,843 | +€470 | +34.2% |
| Suppliers | 440/4 | €1,373 | €1,843 | +€470 | +34.2% |
| Taxes, remuneration and social security | 45 | €4,959 | €7,229 | +€2,269 | +45.8% |
| Taxes | 450/3 | €4,959 | €7,229 | +€2,269 | +45.8% |
| Other amounts payable | 47/48 | €539 | €9 | -€530 | -98.3% |
| Accrued charges and deferred income | 492/3 | - | €722 | +€722 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,478 | €2,450 | +€972 | +65.7% |
| Other operating charges | 640/8 | €575 | €380 | -€195 | -33.9% |
| Gross operating margin | 9900 | €65,014 | €56,538 | -€8,477 | -13.0% |
| Operating profit (loss) | 9901 | €62,961 | €53,708 | -€9,253 | -14.7% |
| Financial income | 75/76B | - | €97 | +€97 | |
| Recurring financial income | 75 | - | €97 | +€97 | |
| Financial charges | 65/66B | €233 | €161 | -€71 | -30.7% |
| Recurring financial charges | 65 | €233 | €161 | -€71 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €62,728 | €53,644 | -€9,085 | -14.5% |
| Income taxes | 67/77 | €13,199 | €11,466 | -€1,732 | -13.1% |
| Profit (loss) for the period | 9904 | €49,530 | €42,177 | -€7,352 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,530 | €42,177 | -€7,352 | -14.8% |
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 18 October 2026 via checked.be.