Modero Limburg: 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.
Modero Limburg
Largest movements
- Cash -€1.4m
down €1.4m (-67.5%), from €2.1m to €676,278
mainly Other debts (-€1.2m) and Contributions, distributions and other (-€600,000)
- Receivables within one year +€277,504
up €277,504 (+20.9%), from €1.3m to €1.6m
- Other debts -€1.2m
down €1.2m (-69.9%), from €1.7m to €500,000
- Tax, wage and social debts -€73,484
down €73,484 (-31.7%), from €231,795 to €158,311
- Trade debts +€54,704
up €54,704 (+46.0%), from €119,045 to €173,749
- Reserves +€39,382
up €39,382 (+2.7%), from €1.5m to €1.5m
of which Distributable reserves: +€39,382
- Staff costs +€130,210
up €130,210 (+26.6%), from €489,106 to €619,316
- Gross operating margin +€30,793
up €30,793 (+2.1%), from €1.4m to €1.5m
- Financial income +€24,045
up €24,045 (+143%), from €16,780 to €40,825
- Taxes -€23,406
down €23,406 (-9.6%), from €244,172 to €220,766
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 | €3,489,698 | €2,344,835 | -€1.1m | -32.8% |
| Fixed assets | 21/28 | €76,550 | €60,839 | -€15,711 | -20.5% |
| Intangible fixed assets | 21 | €3,600 | €1,083 | -€2,517 | -69.9% |
| Tangible fixed assets | 22/27 | €59,677 | €43,513 | -€16,164 | -27.1% |
| Furniture and vehicles | 24 | €59,677 | €43,513 | -€16,164 | -27.1% |
| Financial fixed assets | 28 | €13,273 | €16,243 | +€2,970 | +22.4% |
| Current assets | 29/58 | €3,413,148 | €2,283,996 | -€1.1m | -33.1% |
| Amounts receivable within one year | 40/41 | €1,329,461 | €1,606,965 | +€277,504 | +20.9% |
| Trade receivables | 40 | €1,329,461 | €1,606,965 | +€277,504 | +20.9% |
| Cash at bank and in hand | 54/58 | €2,083,687 | €676,278 | -€1.4m | -67.5% |
| Deferred charges and accrued income | 490/1 | - | €753 | +€753 | |
| Total equity and liabilities | 10/49 | €3,489,698 | €2,344,835 | -€1.1m | -32.8% |
| Equity | 10/15 | €1,473,393 | €1,512,775 | +€39,382 | +2.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,453,393 | €1,492,775 | +€39,382 | +2.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €1,451,393 | €1,490,775 | +€39,382 | +2.7% |
| Amounts payable | 17/49 | €2,016,305 | €832,060 | -€1.2m | -58.7% |
| Amounts payable within one year | 42/48 | €2,011,160 | €832,060 | -€1.2m | -58.6% |
| Trade debts | 44 | €119,045 | €173,749 | +€54,704 | +46.0% |
| Suppliers | 440/4 | €119,045 | €173,749 | +€54,704 | +46.0% |
| Taxes, remuneration and social security | 45 | €231,795 | €158,311 | -€73,484 | -31.7% |
| Taxes | 450/3 | €231,795 | €158,311 | -€73,484 | -31.7% |
| Other amounts payable | 47/48 | €1,660,320 | €500,000 | -€1.2m | -69.9% |
| Accrued charges and deferred income | 492/3 | €5,145 | - | -€5,145 | |
| Non-recurring operating income | 76A | - | €339 | +€339 | |
| Remuneration, social security and pensions | 62 | €489,106 | €619,316 | +€130,210 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,849 | €23,421 | +€1,572 | +7.2% |
| Other operating charges | 640/8 | €5,226 | €5,876 | +€650 | +12.4% |
| Non-recurring operating charges | 66A | €384 | - | -€384 | |
| Gross operating margin | 9900 | €1,438,128 | €1,468,921 | +€30,793 | +2.1% |
| Operating profit (loss) | 9901 | €921,563 | €820,308 | -€101,255 | -11.0% |
| Financial income | 75/76B | €16,780 | €40,825 | +€24,045 | +143% |
| Recurring financial income | 75 | €16,780 | €40,825 | +€24,045 | +143% |
| Financial charges | 65/66B | €925 | €985 | +€60 | +6.5% |
| Recurring financial charges | 65 | €925 | €985 | +€60 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €937,418 | €860,148 | -€77,270 | -8.2% |
| Income taxes | 67/77 | €244,172 | €220,766 | -€23,406 | -9.6% |
| Profit (loss) for the period | 9904 | €693,246 | €639,382 | -€53,864 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €693,246 | €639,382 | -€53,864 | -7.8% |
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 1 November 2026 via checked.be.