MODEV SERVICES: 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.
MODEV SERVICES
Largest movements
- Cash -€30,397
down €30,397 (-38.1%), from €79,793 to €49,396
mainly Contributions, distributions and other (-€44,918) and Other debts (-€26,921)
- Receivables within one year +€2,728
up €2,728 (+251%), from €1,085 to €3,813
of which Other amounts receivable: +€3,110
- Deferred charges and accrued income -€2,408
down €2,408 (-97.7%), from €2,464 to €56
- Tangible fixed assets +€1,123
up €1,123 (+78.4%), from €1,432 to €2,555
- Other debts -€26,921
down €26,921 (-36.8%), from €73,088 to €46,167
- Tax, wage and social debts -€2,559
down €2,559 (-32.5%), from €7,867 to €5,308
- Gross operating margin -€45,096
down €45,096 (-47.1%), from €95,817 to €50,721
- Financial income +€11,702
new in 2025: €11,702
of which Financial income: +€11,702
- Taxes -€8,407
down €8,407 (-41.4%), from €20,297 to €11,890
- Financial charges +€2,324
up €2,324 (+318%), from €730 to €3,054
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 | €84,775 | €55,820 | -€28,954 | -34.2% |
| Fixed assets | 21/28 | €1,432 | €2,555 | +€1,123 | +78.4% |
| Tangible fixed assets | 22/27 | €1,432 | €2,555 | +€1,123 | +78.4% |
| Furniture and vehicles | 24 | €1,432 | €2,555 | +€1,123 | +78.4% |
| Current assets | 29/58 | €83,343 | €53,265 | -€30,077 | -36.1% |
| Amounts receivable within one year | 40/41 | €1,085 | €3,813 | +€2,728 | +251% |
| Trade receivables | 40 | €382 | - | -€382 | |
| Other amounts receivable | 41 | €703 | €3,813 | +€3,110 | +442% |
| Cash at bank and in hand | 54/58 | €79,793 | €49,396 | -€30,397 | -38.1% |
| Deferred charges and accrued income | 490/1 | €2,464 | €56 | -€2,408 | -97.7% |
| Total equity and liabilities | 10/49 | €84,775 | €55,820 | -€28,954 | -34.2% |
| Equity | 10/15 | €3,500 | €3,500 | = | 0.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Amounts payable | 17/49 | €81,275 | €52,320 | -€28,954 | -35.6% |
| Amounts payable within one year | 42/48 | €81,275 | €52,160 | -€29,114 | -35.8% |
| Trade debts | 44 | €319 | €685 | +€366 | +115% |
| Suppliers | 440/4 | €319 | €685 | +€366 | +115% |
| Taxes, remuneration and social security | 45 | €7,867 | €5,308 | -€2,559 | -32.5% |
| Taxes | 450/3 | €7,867 | €5,308 | -€2,559 | -32.5% |
| Other amounts payable | 47/48 | €73,088 | €46,167 | -€26,921 | -36.8% |
| Accrued charges and deferred income | 492/3 | - | €160 | +€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,182 | €1,217 | +€36 | +3.0% |
| Other operating charges | 640/8 | €673 | €1,344 | +€672 | +99.8% |
| Gross operating margin | 9900 | €95,817 | €50,721 | -€45,096 | -47.1% |
| Operating profit (loss) | 9901 | €93,963 | €48,160 | -€45,803 | -48.7% |
| Financial income | 75/76B | - | €11,702 | +€11,702 | |
| Recurring financial income | 75 | - | €11,702 | +€11,702 | |
| Non-recurring financial income | 76B | - | €11,702 | +€11,702 | |
| Financial charges | 65/66B | €730 | €3,054 | +€2,324 | +318% |
| Recurring financial charges | 65 | €730 | €3,054 | +€2,324 | +318% |
| Profit (loss) for the period before taxes | 9903 | €93,233 | €56,808 | -€36,425 | -39.1% |
| Income taxes | 67/77 | €20,297 | €11,890 | -€8,407 | -41.4% |
| Profit (loss) for the period | 9904 | €72,936 | €44,918 | -€28,018 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,936 | €44,918 | -€28,018 | -38.4% |
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 13 October 2026 via checked.be.