MODERN TEAM SERVICES: 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 TEAM SERVICES
Largest movements
- Cash +€148,893
up €148,893 (+216%), from €68,892 to €217,785
mainly Receivables within one year (+€135,753) and Net result for the year (+€26,240)
- Receivables within one year -€135,753
down €135,753 (-48.1%), from €282,000 to €146,247
of which Other amounts receivable: -€140,682
- Stocks and contracts -€5,260
down €5,260 (-39.3%), from €13,378 to €8,118
- Reserves +€26,240
up €26,240 (+423%), from €6,197 to €32,437
of which Distributable reserves: +€26,240
- Trade debts -€13,751
down €13,751 (-37.4%), from €36,747 to €22,996
- Debts after one year -€10,782
down €10,782 (-49.6%), from €21,738 to €10,955
- Other debts +€10,074
up €10,074 (+832%), from €1,211 to €11,285
- Accrued charges and deferred income -€7,551
no longer reported in 2023 (was €7,551)
- Gross operating margin -€23,436
down €23,436 (-22.7%), from €103,149 to €79,714
- Staff costs +€13,179
up €13,179 (+50.1%), from €26,320 to €39,499
- Depreciation -€12,050
down €12,050 (-98.5%), from €12,230 to €180
- Taxes +€6,613
up €6,613 (+104%), from €6,348 to €12,961
- Other operating charges -€5,791
down €5,791 (-74.9%), from €7,732 to €1,941
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €367,407 | €372,905 | +€5,498 | +1.5% |
| Fixed assets | 21/28 | €468 | €288 | -€180 | -38.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €180 | - | -€180 | |
| Plant, machinery and equipment | 23 | €180 | - | -€180 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €288 | €288 | = | 0.0% |
| Current assets | 29/58 | €366,939 | €372,617 | +€5,678 | +1.5% |
| Stocks and contracts in progress | 3 | €13,378 | €8,118 | -€5,260 | -39.3% |
| Stocks | 30/36 | €13,378 | €8,118 | -€5,260 | -39.3% |
| Amounts receivable within one year | 40/41 | €282,000 | €146,247 | -€135,753 | -48.1% |
| Trade receivables | 40 | €130,012 | €134,940 | +€4,929 | +3.8% |
| Other amounts receivable | 41 | €151,988 | €11,307 | -€140,682 | -92.6% |
| Cash at bank and in hand | 54/58 | €68,892 | €217,785 | +€148,893 | +216% |
| Deferred charges and accrued income | 490/1 | €2,669 | €467 | -€2,202 | -82.5% |
| Total equity and liabilities | 10/49 | €367,407 | €372,905 | +€5,498 | +1.5% |
| Equity | 10/15 | €268,482 | €294,722 | +€26,240 | +9.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | - | -€61,973 | |
| Issued capital | 100 | €61,973 | - | -€61,973 | |
| Reserves | 13 | €6,197 | €32,437 | +€26,240 | +423% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | - | -€6,197 | |
| Reserves not available under the articles | 1311 | - | €6,197 | +€6,197 | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | - | €26,240 | +€26,240 | |
| Profit (loss) carried forward | 14 | €200,311 | €200,311 | = | 0.0% |
| Amounts payable | 17/49 | €98,925 | €78,183 | -€20,742 | -21.0% |
| Amounts payable after more than one year | 17 | €21,738 | €10,955 | -€10,782 | -49.6% |
| Financial debts | 170/4 | €21,738 | €10,955 | -€10,782 | -49.6% |
| Amounts payable within one year | 42/48 | €69,636 | €67,227 | -€2,408 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €11,568 | €10,770 | -€798 | -6.9% |
| Financial debts | 43 | €955 | - | -€955 | |
| Credit institutions | 430/8 | €955 | - | -€955 | |
| Trade debts | 44 | €36,747 | €22,996 | -€13,751 | -37.4% |
| Suppliers | 440/4 | €36,747 | €22,996 | -€13,751 | -37.4% |
| Taxes, remuneration and social security | 45 | €19,154 | €22,176 | +€3,022 | +15.8% |
| Taxes | 450/3 | €18,370 | €22,176 | +€3,807 | +20.7% |
| Remuneration and social security | 454/9 | €785 | - | -€785 | |
| Other amounts payable | 47/48 | €1,211 | €11,285 | +€10,074 | +832% |
| Accrued charges and deferred income | 492/3 | €7,551 | - | -€7,551 | |
| Remuneration, social security and pensions | 62 | €26,320 | €39,499 | +€13,179 | +50.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,230 | €180 | -€12,050 | -98.5% |
| Other operating charges | 640/8 | €7,732 | €1,941 | -€5,791 | -74.9% |
| Non-recurring operating charges | 66A | €32,700 | - | -€32,700 | |
| Gross operating margin | 9900 | €103,149 | €79,714 | -€23,436 | -22.7% |
| Operating profit (loss) | 9901 | €24,167 | €38,094 | +€13,927 | +57.6% |
| Financial income | 75/76B | €1,993 | €5,188 | +€3,195 | +160% |
| Recurring financial income | 75 | €1,993 | €5,188 | +€3,195 | +160% |
| Financial charges | 65/66B | €1,209 | €4,081 | +€2,872 | +238% |
| Recurring financial charges | 65 | €1,209 | €4,081 | +€2,872 | +238% |
| Profit (loss) for the period before taxes | 9903 | €24,951 | €39,201 | +€14,250 | +57.1% |
| Income taxes | 67/77 | €6,348 | €12,961 | +€6,613 | +104% |
| Profit (loss) for the period | 9904 | €18,603 | €26,240 | +€7,637 | +41.0% |
| Transfer from tax-exempt reserves | 789 | €8,900 | - | -€8,900 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,503 | €26,240 | -€1,263 | -4.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.