MODES M.P.: 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.
MODES M.P.
Largest movements
- Current investments +€57,591
up €57,591 (+11.1%), from €518,638 to €576,229
- Cash +€42,992
up €42,992 (+246.9%), from €17,416 to €60,408
mainly Net result for the year (+€78,736) and Contributions, distributions and other (+€31,618)
- Receivables within one year +€7,202
up €7,202 (+36.5%), from €19,730 to €26,932
of which Other amounts receivable: +€5,745
- Reserves +€110,354
up €110,354 (+23.6%), from €468,344 to €578,698
of which Tax-exempt reserves: +€73,355
- Turnover +€230,145
new in 2025: €230,145
- Purchases and services +€114,898
new in 2025: €114,898
- Taxes +€14,832
up €14,832 (+50.5%), from €29,345 to €44,177
- Gross operating margin +€9,569
up €9,569 (+8.7%), from €109,878 to €119,448
- Financial income +€5,588
up €5,588 (+418.5%), from €1,335 to €6,923
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 | €565,717 | €673,692 | +€107,975 | +19.1% |
| Fixed assets | 21/28 | €9,932 | €10,122 | +€190 | +1.9% |
| Tangible fixed assets | 22/27 | €9,932 | €10,122 | +€190 | +1.9% |
| Plant, machinery and equipment | 23 | €9,932 | €6,926 | -€3,007 | -30.3% |
| Furniture and vehicles | 24 | - | €3,197 | +€3,197 | |
| Current assets | 29/58 | €555,784 | €663,570 | +€107,785 | +19.4% |
| Amounts receivable within one year | 40/41 | €19,730 | €26,932 | +€7,202 | +36.5% |
| Trade receivables | 40 | €15,222 | €16,679 | +€1,457 | +9.6% |
| Other amounts receivable | 41 | €4,508 | €10,253 | +€5,745 | +127.5% |
| Current investments | 50/53 | €518,638 | €576,229 | +€57,591 | +11.1% |
| Cash at bank and in hand | 54/58 | €17,416 | €60,408 | +€42,992 | +246.9% |
| Total equity and liabilities | 10/49 | €565,717 | €673,692 | +€107,975 | +19.1% |
| Equity | 10/15 | €553,684 | €664,038 | +€110,354 | +19.9% |
| Reserves | 13 | €468,344 | €578,698 | +€110,354 | +23.6% |
| Tax-exempt reserves | 132 | €9,029 | €82,384 | +€73,355 | +812.4% |
| Distributable reserves | 133 | €459,315 | €496,314 | +€36,998 | +8.1% |
| Profit (loss) carried forward | 14 | €85,340 | €85,340 | = | 0.0% |
| Amounts payable | 17/49 | €12,032 | €9,654 | -€2,378 | -19.8% |
| Amounts payable within one year | 42/48 | €12,032 | €9,654 | -€2,378 | -19.8% |
| Trade debts | 44 | €1,125 | €108 | -€1,017 | -90.4% |
| Suppliers | 440/4 | €1,125 | €108 | -€1,017 | -90.4% |
| Taxes, remuneration and social security | 45 | €10,907 | €9,546 | -€1,361 | -12.5% |
| Taxes | 450/3 | €7,407 | €6,046 | -€1,361 | -18.4% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Turnover | 70 | - | €230,145 | +€230,145 | |
| Non-recurring operating income | 76A | €4,244 | €4,200 | -€44 | -1.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €114,898 | +€114,898 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,007 | €3,240 | +€233 | +7.8% |
| Other operating charges | 640/8 | €865 | €205 | -€660 | -76.3% |
| Non-recurring operating charges | 66A | €1,675 | - | -€1,675 | |
| Gross operating margin | 9900 | €109,878 | €119,448 | +€9,569 | +8.7% |
| Operating profit (loss) | 9901 | €104,331 | €116,002 | +€11,671 | +11.2% |
| Financial income | 75/76B | €1,335 | €6,923 | +€5,588 | +418.5% |
| Recurring financial income | 75 | €1,335 | €6,923 | +€5,588 | +418.5% |
| Financial charges | 65/66B | €2,176 | €12 | -€2,163 | -99.4% |
| Recurring financial charges | 65 | €2,176 | €12 | -€2,163 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | €103,491 | €122,913 | +€19,422 | +18.8% |
| Income taxes | 67/77 | €29,345 | €44,177 | +€14,832 | +50.5% |
| Profit (loss) for the period | 9904 | €74,146 | €78,736 | +€4,590 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,146 | €78,736 | +€4,590 | +6.2% |
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 10 October 2026 via checked.be.