MODEST KRANEN: 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 KRANEN
Largest movements
- Tangible fixed assets -€79,289
no longer reported in 2025 (was €79,289)
of which Furniture and vehicles: -€78,970
- Receivables within one year +€63,269
up €63,269 (+312%), from €20,279 to €83,548
of which Other amounts receivable: +€79,008
- Cash -€5,301
down €5,301 (-60.7%), from €8,739 to €3,439
mainly Contributions, distributions and other (-€108,000) and Receivables within one year (-€63,269)
- Deferred charges and accrued income -€1,765
no longer reported in 2025 (was €1,765)
- Debts after one year -€33,216
no longer reported in 2025 (was €33,216)
- Reserves +€30,828
up €30,828 (+1,257%), from €2,452 to €33,280
- Trade debts -€14,846
down €14,846 (-94.5%), from €15,712 to €866
- Tax, wage and social debts -€6,217
down €6,217 (-85.8%), from €7,242 to €1,025
of which Remuneration and social security: -€4,070
- Gross operating margin +€71,078
up €71,078 (+95.0%), from €74,791 to €145,869
- Depreciation -€50,571
no longer reported in 2025 (was €50,571)
- Staff costs -€47,644
down €47,644 (-89.1%), from €53,453 to €5,810
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 | €110,073 | €86,987 | -€23,086 | -21.0% |
| Fixed assets | 21/28 | €79,289 | - | -€79,289 | |
| Tangible fixed assets | 22/27 | €79,289 | - | -€79,289 | |
| Plant, machinery and equipment | 23 | €319 | - | -€319 | |
| Furniture and vehicles | 24 | €78,970 | - | -€78,970 | |
| Current assets | 29/58 | €30,784 | €86,987 | +€56,203 | +183% |
| Amounts receivable within one year | 40/41 | €20,279 | €83,548 | +€63,269 | +312% |
| Trade receivables | 40 | €16,247 | €508 | -€15,739 | -96.9% |
| Other amounts receivable | 41 | €4,032 | €83,040 | +€79,008 | +1,960% |
| Cash at bank and in hand | 54/58 | €8,739 | €3,439 | -€5,301 | -60.7% |
| Deferred charges and accrued income | 490/1 | €1,765 | - | -€1,765 | |
| Total equity and liabilities | 10/49 | €110,073 | €86,987 | -€23,086 | -21.0% |
| Equity | 10/15 | €21,052 | €51,880 | +€30,828 | +146% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,452 | €33,280 | +€30,828 | +1,257% |
| Distributable reserves | 133 | €2,452 | €33,280 | +€30,828 | +1,257% |
| Amounts payable | 17/49 | €89,021 | €35,107 | -€53,914 | -60.6% |
| Amounts payable after more than one year | 17 | €33,216 | - | -€33,216 | |
| Financial debts | 170/4 | €33,216 | - | -€33,216 | |
| Amounts payable within one year | 42/48 | €55,805 | €35,107 | -€20,698 | -37.1% |
| Current portion of amounts payable after more than one year | 42 | €32,852 | €33,216 | +€364 | +1.1% |
| Trade debts | 44 | €15,712 | €866 | -€14,846 | -94.5% |
| Suppliers | 440/4 | €15,712 | €866 | -€14,846 | -94.5% |
| Taxes, remuneration and social security | 45 | €7,242 | €1,025 | -€6,217 | -85.8% |
| Taxes | 450/3 | €2,388 | €241 | -€2,146 | -89.9% |
| Remuneration and social security | 454/9 | €4,854 | €783 | -€4,070 | -83.9% |
| Non-recurring operating income | 76A | - | €132,211 | +€132,211 | |
| Remuneration, social security and pensions | 62 | €53,453 | €5,810 | -€47,644 | -89.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,571 | - | -€50,571 | |
| Other operating charges | 640/8 | €667 | €322 | -€345 | -51.7% |
| Gross operating margin | 9900 | €74,791 | €145,869 | +€71,078 | +95.0% |
| Operating profit (loss) | 9901 | -€29,901 | €139,737 | +€169,638 | |
| Financial income | 75/76B | €41 | - | -€41 | |
| Recurring financial income | 75 | €41 | - | -€41 | |
| Financial charges | 65/66B | €987 | €667 | -€320 | -32.4% |
| Recurring financial charges | 65 | €987 | €667 | -€320 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | -€30,847 | €139,070 | +€169,917 | |
| Income taxes | 67/77 | - | €241 | +€241 | |
| Profit (loss) for the period | 9904 | -€30,847 | €138,828 | +€169,675 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,847 | €138,828 | +€169,675 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.