Modi-Concept: what changed
Two fiscal 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.
Modi-Concept
Largest movements
- Tangible fixed assets +€15,759
up €15,759 (+148.6%), from €10,604 to €26,363
of which Furniture and vehicles: +€16,376
- Deferred charges and accrued income -€3,767
down €3,767 (-83.2%), from €4,527 to €760
- Cash -€3,239
down €3,239 (-99.5%), from €3,254 to €15
mainly Investment in fixed assets (net) (-€22,056) and Trade debts (-€8,538)
- Receivables within one year +€2,116
up €2,116 (+4.5%), from €46,630 to €48,746
of which Trade receivables: +€3,760
- Financial fixed assets -€1,542
down €1,542 (-84.2%), from €1,831 to €289
- Trade debts -€8,538
down €8,538 (-40.6%), from €21,004 to €12,466
- Debts after one year +€6,030
new in 2025: €6,030
- Reserves +€5,320
up €5,320 (+21.2%), from €25,065 to €30,385
- Current portion of long-term debt +€4,967
new in 2025: €4,967
- Short-term financial debts +€1,217
new in 2025: €1,217
- Gross operating margin +€8,022
up €8,022 (+57.4%), from €13,964 to €21,986
- Depreciation +€4,406
up €4,406 (+128.3%), from €3,433 to €7,839
- Financial charges +€1,081
up €1,081 (+72.9%), from €1,482 to €2,563
- Taxes +€606
up €606 (+17.8%), from €3,409 to €4,014
- Financial income -€273
down €273 (-86.8%), from €315 to €42
of which Financial income: -€273
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 | €66,846 | €76,174 | +€9,328 | +14.0% |
| Fixed assets | 21/28 | €12,436 | €26,652 | +€14,217 | +114.3% |
| Tangible fixed assets | 22/27 | €10,604 | €26,363 | +€15,759 | +148.6% |
| Plant, machinery and equipment | 23 | €631 | €210 | -€421 | -66.7% |
| Furniture and vehicles | 24 | €9,712 | €26,087 | +€16,376 | +168.6% |
| Other tangible fixed assets | 26 | €261 | €65 | -€196 | -75.0% |
| Financial fixed assets | 28 | €1,831 | €289 | -€1,542 | -84.2% |
| Current assets | 29/58 | €54,410 | €49,521 | -€4,889 | -9.0% |
| Amounts receivable within one year | 40/41 | €46,630 | €48,746 | +€2,116 | +4.5% |
| Trade receivables | 40 | €41,338 | €45,098 | +€3,760 | +9.1% |
| Other amounts receivable | 41 | €5,292 | €3,648 | -€1,644 | -31.1% |
| Cash at bank and in hand | 54/58 | €3,254 | €15 | -€3,239 | -99.5% |
| Deferred charges and accrued income | 490/1 | €4,527 | €760 | -€3,767 | -83.2% |
| Total equity and liabilities | 10/49 | €66,846 | €76,174 | +€9,328 | +14.0% |
| Equity | 10/15 | €43,665 | €48,985 | +€5,320 | +12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,065 | €30,385 | +€5,320 | +21.2% |
| Distributable reserves | 133 | €25,065 | €30,385 | +€5,320 | +21.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,181 | €27,189 | +€4,007 | +17.3% |
| Amounts payable after more than one year | 17 | - | €6,030 | +€6,030 | |
| Financial debts | 170/4 | - | €6,030 | +€6,030 | |
| Amounts payable within one year | 42/48 | €23,181 | €21,159 | -€2,022 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | - | €4,967 | +€4,967 | |
| Financial debts | 43 | - | €1,217 | +€1,217 | |
| Credit institutions | 430/8 | - | €1,217 | +€1,217 | |
| Trade debts | 44 | €21,004 | €12,466 | -€8,538 | -40.6% |
| Suppliers | 440/4 | €21,004 | €12,466 | -€8,538 | -40.6% |
| Taxes, remuneration and social security | 45 | €0 | €514 | +€514 | |
| Taxes | 450/3 | €0 | €514 | +€514 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,177 | €1,994 | -€183 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,433 | €7,839 | +€4,406 | +128.3% |
| Other operating charges | 640/8 | €2,414 | €2,290 | -€124 | -5.1% |
| Gross operating margin | 9900 | €13,964 | €21,986 | +€8,022 | +57.4% |
| Operating profit (loss) | 9901 | €8,117 | €11,856 | +€3,739 | +46.1% |
| Financial income | 75/76B | €315 | €42 | -€273 | -86.8% |
| Recurring financial income | 75 | €315 | €42 | -€273 | -86.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,482 | €2,563 | +€1,081 | +72.9% |
| Recurring financial charges | 65 | €1,482 | €2,563 | +€1,081 | +72.9% |
| Profit (loss) for the period before taxes | 9903 | €6,950 | €9,335 | +€2,385 | +34.3% |
| Income taxes | 67/77 | €3,409 | €4,014 | +€606 | +17.8% |
| Profit (loss) for the period | 9904 | €3,541 | €5,320 | +€1,779 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,541 | €5,320 | +€1,779 | +50.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.