MODESTY: 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.
MODESTY
Largest movements
- Receivables within one year -€12,528
down €12,528 (-30.8%), from €40,627 to €28,099
of which Trade receivables: -€40,627
- Financial fixed assets +€2,500
up €2,500 (+500%), from €500 to €3,000
- Other debts -€20,125
no longer reported in 2024 (was €20,125)
- Trade debts +€11,872
new in 2024: €11,872
- Profit (loss) carried forward -€8,340
down €8,340, from €2,846 to -€5,494
- Tax, wage and social debts +€6,109
up €6,109 (+46.2%), from €13,215 to €19,324
- Gross operating margin -€19,212
down €19,212, from €13,331 to -€5,880
- Purchases and services +€15,542
up €15,542 (+13.3%), from €116,643 to €132,186
- Turnover -€4,894
down €4,894 (-3.8%), from €129,975 to €125,081
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,520 | €32,036 | -€10,484 | -24.7% |
| Fixed assets | 21/28 | €1,430 | €3,661 | +€2,231 | +156% |
| Tangible fixed assets | 22/27 | €930 | €661 | -€269 | -29.0% |
| Furniture and vehicles | 24 | €930 | €661 | -€269 | -29.0% |
| Financial fixed assets | 28 | €500 | €3,000 | +€2,500 | +500% |
| Current assets | 29/58 | €41,090 | €28,375 | -€12,715 | -30.9% |
| Amounts receivable within one year | 40/41 | €40,627 | €28,099 | -€12,528 | -30.8% |
| Trade receivables | 40 | €40,627 | - | -€40,627 | |
| Other amounts receivable | 41 | - | €28,099 | +€28,099 | |
| Cash at bank and in hand | 54/58 | €463 | €276 | -€186 | -40.3% |
| Total equity and liabilities | 10/49 | €42,520 | €32,036 | -€10,484 | -24.7% |
| Equity | 10/15 | €9,180 | €840 | -€8,340 | -90.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €134 | €134 | = | 0.0% |
| Non-distributable reserves | 130/1 | €134 | - | -€134 | |
| Other | 1319 | €134 | - | -€134 | |
| Distributable reserves | 133 | - | €134 | +€134 | |
| Profit (loss) carried forward | 14 | €2,846 | -€5,494 | -€8,340 | |
| Amounts payable | 17/49 | €33,340 | €31,196 | -€2,144 | -6.4% |
| Amounts payable within one year | 42/48 | €33,340 | €31,196 | -€2,144 | -6.4% |
| Trade debts | 44 | - | €11,872 | +€11,872 | |
| Suppliers | 440/4 | - | €11,872 | +€11,872 | |
| Taxes, remuneration and social security | 45 | €13,215 | €19,324 | +€6,109 | +46.2% |
| Taxes | 450/3 | €13,215 | €19,324 | +€6,109 | +46.2% |
| Other amounts payable | 47/48 | €20,125 | - | -€20,125 | |
| Turnover | 70 | €129,975 | €125,081 | -€4,894 | -3.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €116,643 | €132,186 | +€15,542 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269 | €269 | = | 0.0% |
| Other operating charges | 640/8 | €1,454 | €955 | -€499 | -34.3% |
| Gross operating margin | 9900 | €13,331 | -€5,880 | -€19,212 | |
| Operating profit (loss) | 9901 | €11,608 | -€7,104 | -€18,712 | |
| Financial income | 75/76B | €17 | €76 | +€59 | +354% |
| Recurring financial income | 75 | €17 | €76 | +€59 | +354% |
| Financial charges | 65/66B | €1,087 | €1,311 | +€224 | +20.6% |
| Recurring financial charges | 65 | €1,087 | €1,311 | +€224 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €10,537 | -€8,340 | -€18,877 | |
| Profit (loss) for the period | 9904 | €10,537 | -€8,340 | -€18,877 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,537 | -€8,340 | -€18,877 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.