Modernelec: 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.
Modernelec
Largest movements
- Receivables within one year -€6,050
down €6,050 (-69.0%), from €8,773 to €2,723
of which Trade receivables: -€6,283
- Tangible fixed assets +€1,496
new in 2025: €1,496
- Trade debts -€4,140
down €4,140 (-64.0%), from €6,464 to €2,324
- Current portion of long-term debt +€3,667
new in 2025: €3,667
- Tax, wage and social debts -€3,557
down €3,557 (-70.5%), from €5,046 to €1,489
of which Remuneration and social security: -€4,608
- Other debts -€1,853
down €1,853 (-61.4%), from €3,021 to €1,167
- Profit (loss) carried forward +€1,311
up €1,311 (+14.7%), from -€8,907 to -€7,596
- Gross operating margin +€7,164
up €7,164, from -€4,389 to €2,775
- Depreciation -€1,729
down €1,729 (-99.8%), from €1,733 to €4
- Other operating charges +€465
new in 2025: €465
- Financial charges +€165
up €165 (+172.2%), from €96 to €260
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.
Cash bridge derived
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 | €9,124 | €4,551 | -€4,573 | -50.1% |
| Fixed assets | 21/28 | - | €1,496 | +€1,496 | |
| Tangible fixed assets | 22/27 | - | €1,496 | +€1,496 | |
| Furniture and vehicles | 24 | - | €1,496 | +€1,496 | |
| Current assets | 29/58 | €9,124 | €3,055 | -€6,069 | -66.5% |
| Amounts receivable within one year | 40/41 | €8,773 | €2,723 | -€6,050 | -69.0% |
| Trade receivables | 40 | €8,497 | €2,214 | -€6,283 | -73.9% |
| Other amounts receivable | 41 | €276 | €508 | +€233 | +84.3% |
| Cash at bank and in hand | 54/58 | €343 | €333 | -€10 | -2.9% |
| Deferred charges and accrued income | 490/1 | €9 | €0 | -€9 | -100.0% |
| Total equity and liabilities | 10/49 | €9,124 | €4,551 | -€4,573 | -50.1% |
| Equity | 10/15 | -€5,407 | -€4,096 | +€1,311 | +24.2% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,907 | -€7,596 | +€1,311 | +14.7% |
| Amounts payable | 17/49 | €14,531 | €8,647 | -€5,884 | -40.5% |
| Amounts payable within one year | 42/48 | €14,531 | €8,647 | -€5,884 | -40.5% |
| Current portion of amounts payable after more than one year | 42 | - | €3,667 | +€3,667 | |
| Trade debts | 44 | €6,464 | €2,324 | -€4,140 | -64.0% |
| Suppliers | 440/4 | €6,464 | €2,324 | -€4,140 | -64.0% |
| Taxes, remuneration and social security | 45 | €5,046 | €1,489 | -€3,557 | -70.5% |
| Taxes | 450/3 | €439 | €1,489 | +€1,050 | +239.3% |
| Remuneration and social security | 454/9 | €4,608 | €0 | -€4,608 | -100.0% |
| Other amounts payable | 47/48 | €3,021 | €1,167 | -€1,853 | -61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,733 | €4 | -€1,729 | -99.8% |
| Other operating charges | 640/8 | - | €465 | +€465 | |
| Non-recurring operating charges | 66A | - | €772 | +€772 | |
| Gross operating margin | 9900 | -€4,389 | €2,775 | +€7,164 | |
| Operating profit (loss) | 9901 | -€6,122 | €1,534 | +€7,655 | |
| Financial income | 75/76B | - | €38 | +€38 | |
| Recurring financial income | 75 | - | €38 | +€38 | |
| Financial charges | 65/66B | €96 | €260 | +€165 | +172.2% |
| Recurring financial charges | 65 | €96 | €260 | +€165 | +172.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,218 | €1,311 | +€7,529 | |
| Profit (loss) for the period | 9904 | -€6,218 | €1,311 | +€7,529 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,218 | €1,311 | +€7,529 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.