MODERNBAT: 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.
MODERNBAT
Largest movements
- Receivables within one year +€30,877
up €30,877 (+24.4%), from €126,703 to €157,580
of which Other amounts receivable: +€31,730
- Tangible fixed assets -€6,989
down €6,989 (-44.2%), from €15,805 to €8,816
- Cash -€6,248
down €6,248 (-90.5%), from €6,901 to €652
mainly Receivables within one year (-€30,877) and Accrued charges and deferred income (-€29,155)
- Profit (loss) carried forward +€62,601
up €62,601 (+143%), from €43,669 to €106,271
- Accrued charges and deferred income -€29,155
no longer reported in 2025 (was €29,155)
- Trade debts -€17,304
down €17,304 (-52.7%), from €32,857 to €15,553
of which Bills of exchange payable: -€9,275
- Tax, wage and social debts +€17,148
up €17,148 (+111%), from €15,512 to €32,660
of which Taxes: +€12,748
- Advances received -€10,000
no longer reported in 2025 (was €10,000)
- Gross operating margin +€31,398
up €31,398 (+60.1%), from €52,213 to €83,611
- Taxes +€6,799
up €6,799 (+76.3%), from €8,912 to €15,711
- Financial income +€2,976
up €2,976 (+140%), from €2,134 to €5,110
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 | €152,151 | €169,789 | +€17,638 | +11.6% |
| Fixed assets | 21/28 | €16,505 | €9,516 | -€6,989 | -42.3% |
| Tangible fixed assets | 22/27 | €15,805 | €8,816 | -€6,989 | -44.2% |
| Furniture and vehicles | 24 | €15,805 | €8,816 | -€6,989 | -44.2% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €135,645 | €160,273 | +€24,628 | +18.2% |
| Amounts receivable within one year | 40/41 | €126,703 | €157,580 | +€30,877 | +24.4% |
| Trade receivables | 40 | €42,639 | €41,785 | -€853 | -2.0% |
| Other amounts receivable | 41 | €84,064 | €115,794 | +€31,730 | +37.7% |
| Cash at bank and in hand | 54/58 | €6,901 | €652 | -€6,248 | -90.5% |
| Deferred charges and accrued income | 490/1 | €2,042 | €2,041 | -€1 | -0.1% |
| Total equity and liabilities | 10/49 | €152,151 | €169,789 | +€17,638 | +11.6% |
| Equity | 10/15 | €46,669 | €109,271 | +€62,601 | +134% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,669 | €106,271 | +€62,601 | +143% |
| Amounts payable | 17/49 | €105,481 | €60,518 | -€44,963 | -42.6% |
| Amounts payable after more than one year | 17 | €12,306 | €6,326 | -€5,980 | -48.6% |
| Financial debts | 170/4 | €12,306 | €6,326 | -€5,980 | -48.6% |
| Amounts payable within one year | 42/48 | €64,020 | €54,192 | -€9,828 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €5,652 | €5,980 | +€328 | +5.8% |
| Trade debts | 44 | €32,857 | €15,553 | -€17,304 | -52.7% |
| Suppliers | 440/4 | €23,582 | €15,553 | -€8,029 | -34.0% |
| Bills of exchange payable | 441 | €9,275 | - | -€9,275 | |
| Advances received on contracts in progress | 46 | €10,000 | - | -€10,000 | |
| Taxes, remuneration and social security | 45 | €15,512 | €32,660 | +€17,148 | +111% |
| Taxes | 450/3 | €15,512 | €28,260 | +€12,748 | +82.2% |
| Remuneration and social security | 454/9 | - | €4,400 | +€4,400 | |
| Accrued charges and deferred income | 492/3 | €29,155 | - | -€29,155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,251 | €8,641 | +€390 | +4.7% |
| Other operating charges | 640/8 | €497 | €422 | -€75 | -15.0% |
| Gross operating margin | 9900 | €52,213 | €83,611 | +€31,398 | +60.1% |
| Operating profit (loss) | 9901 | €43,465 | €74,548 | +€31,083 | +71.5% |
| Financial income | 75/76B | €2,134 | €5,110 | +€2,976 | +140% |
| Recurring financial income | 75 | €2,134 | €5,110 | +€2,976 | +140% |
| Financial charges | 65/66B | €1,366 | €1,346 | -€20 | -1.5% |
| Recurring financial charges | 65 | €1,366 | €1,346 | -€20 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €44,233 | €78,312 | +€34,079 | +77.0% |
| Income taxes | 67/77 | €8,912 | €15,711 | +€6,799 | +76.3% |
| Profit (loss) for the period | 9904 | €35,321 | €62,601 | +€27,280 | +77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,321 | €62,601 | +€27,280 | +77.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.