MODERNA: 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.
MODERNA
Largest movements
- Tangible fixed assets -€49,523
down €49,523 (-8.8%), from €561,713 to €512,190
of which Land and buildings: -€48,895
- Receivables within one year -€34,923
down €34,923 (-15.5%), from €225,511 to €190,588
- Cash +€26,395
up €26,395 (+14.4%), from €182,822 to €209,216
mainly Depreciation (+€57,678) and Accrued charges and deferred income (+€36,959)
- Stocks and contracts -€25,827
down €25,827 (-9.8%), from €264,755 to €238,928
- Trade debts -€60,876
down €60,876 (-93.8%), from €64,901 to €4,026
- Profit (loss) carried forward -€41,299
down €41,299 (-71.3%), from €57,884 to €16,585
- Accrued charges and deferred income +€36,959
new in 2024: €36,959
- Tax, wage and social debts +€20,264
up €20,264 (+24.6%), from €82,442 to €102,705
of which Remuneration and social security: +€19,608
- Current portion of long-term debt -€16,186
down €16,186 (-100.0%), from €16,186 to €0
- Gross operating margin -€46,434
down €46,434 (-11.8%), from €392,226 to €345,791
- Staff costs +€25,757
up €25,757 (+8.5%), from €303,214 to €328,971
- Write-downs -€18,605
down €18,605, from €16,031 to -€2,574
- Financial income -€10,325
down €10,325 (-65.1%), from €15,850 to €5,525
- Taxes -€10,000
no longer reported in 2024 (was €10,000)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,245,424 | €1,165,076 | -€80,348 | -6.5% |
| Fixed assets | 21/28 | €567,006 | €517,599 | -€49,407 | -8.7% |
| Intangible fixed assets | 21 | €5,293 | €5,409 | +€116 | +2.2% |
| Tangible fixed assets | 22/27 | €561,713 | €512,190 | -€49,523 | -8.8% |
| Land and buildings | 22 | €517,407 | €468,512 | -€48,895 | -9.5% |
| Plant, machinery and equipment | 23 | €37,467 | €38,905 | +€1,438 | +3.8% |
| Furniture and vehicles | 24 | €6,840 | €4,774 | -€2,066 | -30.2% |
| Current assets | 29/58 | €678,417 | €647,476 | -€30,941 | -4.6% |
| Stocks and contracts in progress | 3 | €264,755 | €238,928 | -€25,827 | -9.8% |
| Stocks | 30/36 | €264,755 | €238,928 | -€25,827 | -9.8% |
| Amounts receivable within one year | 40/41 | €225,511 | €190,588 | -€34,923 | -15.5% |
| Trade receivables | 40 | €225,511 | €190,588 | -€34,923 | -15.5% |
| Cash at bank and in hand | 54/58 | €182,822 | €209,216 | +€26,395 | +14.4% |
| Deferred charges and accrued income | 490/1 | €5,330 | €8,745 | +€3,414 | +64.1% |
| Total equity and liabilities | 10/49 | €1,245,424 | €1,165,076 | -€80,348 | -6.5% |
| Equity | 10/15 | €518,272 | €476,973 | -€41,299 | -8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €454,188 | €454,188 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,572 | €32,572 | = | 0.0% |
| Reserves not available under the articles | 1311 | €32,572 | €32,572 | = | 0.0% |
| Distributable reserves | 133 | €421,617 | €421,617 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,884 | €16,585 | -€41,299 | -71.3% |
| Amounts payable | 17/49 | €727,152 | €688,103 | -€39,049 | -5.4% |
| Amounts payable after more than one year | 17 | €390,127 | €378,572 | -€11,555 | -3.0% |
| Financial debts | 170/4 | €390,127 | €378,572 | -€11,555 | -3.0% |
| Amounts payable within one year | 42/48 | €337,025 | €272,571 | -€64,453 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €16,186 | €0 | -€16,186 | -100.0% |
| Financial debts | 43 | €8,285 | €732 | -€7,553 | -91.2% |
| Credit institutions | 430/8 | €8,285 | €732 | -€7,553 | -91.2% |
| Trade debts | 44 | €64,901 | €4,026 | -€60,876 | -93.8% |
| Suppliers | 440/4 | €64,901 | €4,026 | -€60,876 | -93.8% |
| Advances received on contracts in progress | 46 | €6,695 | €6,695 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €82,442 | €102,705 | +€20,264 | +24.6% |
| Taxes | 450/3 | €31,117 | €31,773 | +€656 | +2.1% |
| Remuneration and social security | 454/9 | €51,325 | €70,933 | +€19,608 | +38.2% |
| Other amounts payable | 47/48 | €158,516 | €158,413 | -€103 | -0.1% |
| Accrued charges and deferred income | 492/3 | - | €36,959 | +€36,959 | |
| Remuneration, social security and pensions | 62 | €303,214 | €328,971 | +€25,757 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,374 | €57,678 | -€696 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,031 | -€2,574 | -€18,605 | |
| Other operating charges | 640/8 | €4,334 | €4,471 | +€137 | +3.2% |
| Gross operating margin | 9900 | €392,226 | €345,791 | -€46,434 | -11.8% |
| Operating profit (loss) | 9901 | €10,274 | -€42,754 | -€53,028 | |
| Financial income | 75/76B | €15,850 | €5,525 | -€10,325 | -65.1% |
| Recurring financial income | 75 | €15,850 | €5,525 | -€10,325 | -65.1% |
| Financial charges | 65/66B | €5,199 | €4,070 | -€1,129 | -21.7% |
| Recurring financial charges | 65 | €5,199 | €4,070 | -€1,129 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €20,925 | -€41,299 | -€62,224 | |
| Income taxes | 67/77 | €10,000 | - | -€10,000 | |
| Profit (loss) for the period | 9904 | €10,925 | -€41,299 | -€52,224 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,925 | -€41,299 | -€52,224 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.