MODEST: 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.
MODEST
Largest movements
- Receivables within one year +€1,990
up €1,990 (+64.6%), from €3,081 to €5,071
- Cash +€258
up €258 (+1.9%), from €13,313 to €13,571
mainly Trade debts (+€1,950) and Net result for the year (+€509)
- Trade debts +€1,950
new in 2025: €1,950
- Reserves +€509
up €509 (+14.9%), from €3,427 to €3,936
of which Distributable reserves: +€509
- Tax, wage and social debts -€211
no longer reported in 2025 (was €211)
- Gross operating margin -€2,065
down €2,065 (-61.4%), from €3,365 to €1,300
- Other operating charges -€150
down €150 (-17.0%), from €881 to €731
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 | €16,394 | €18,642 | +€2,248 | +13.7% |
| Current assets | 29/58 | €16,394 | €18,642 | +€2,248 | +13.7% |
| Amounts receivable within one year | 40/41 | €3,081 | €5,071 | +€1,990 | +64.6% |
| Trade receivables | 40 | €3,081 | €5,071 | +€1,990 | +64.6% |
| Cash at bank and in hand | 54/58 | €13,313 | €13,571 | +€258 | +1.9% |
| Total equity and liabilities | 10/49 | €16,394 | €18,642 | +€2,248 | +13.7% |
| Equity | 10/15 | €15,827 | €16,336 | +€509 | +3.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,427 | €3,936 | +€509 | +14.9% |
| Non-distributable reserves | 130/1 | €63 | €63 | = | 0.0% |
| Reserves not available under the articles | 1311 | €63 | €63 | = | 0.0% |
| Distributable reserves | 133 | €3,364 | €3,873 | +€509 | +15.1% |
| Amounts payable | 17/49 | €567 | €2,306 | +€1,739 | +307% |
| Amounts payable within one year | 42/48 | €567 | €2,306 | +€1,739 | +307% |
| Trade debts | 44 | - | €1,950 | +€1,950 | |
| Suppliers | 440/4 | - | €1,950 | +€1,950 | |
| Taxes, remuneration and social security | 45 | €211 | - | -€211 | |
| Taxes | 450/3 | €211 | - | -€211 | |
| Other amounts payable | 47/48 | €356 | €356 | = | 0.0% |
| Other operating charges | 640/8 | €881 | €731 | -€150 | -17.0% |
| Gross operating margin | 9900 | €3,365 | €1,300 | -€2,065 | -61.4% |
| Operating profit (loss) | 9901 | €2,484 | €569 | -€1,915 | -77.1% |
| Financial charges | 65/66B | €81 | €60 | -€21 | -25.9% |
| Recurring financial charges | 65 | €81 | €60 | -€21 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €2,403 | €509 | -€1,894 | -78.8% |
| Profit (loss) for the period | 9904 | €2,403 | €509 | -€1,894 | -78.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,403 | €509 | -€1,894 | -78.8% |
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 14 October 2026 via checked.be.