Modified Spaces: 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.
Modified Spaces
Largest movements
- Receivables within one year +€96,087
up €96,087 (+4023.3%), from €2,388 to €98,475
of which Trade receivables: +€96,163
- Cash +€86,610
up €86,610 (+1890.6%), from €4,581 to €91,191
mainly Trade debts (+€238,150) and Tax, wage and social debts (+€26,624)
- Tangible fixed assets +€37,960
new in 2025: €37,960
- Stocks and contracts +€30,000
new in 2025: €30,000
- Deferred charges and accrued income +€6,141
new in 2025: €6,141
- Trade debts +€238,150
up €238,150 (+13762.9%), from €1,730 to €239,880
- Tax, wage and social debts +€26,624
up €26,624 (+13008.0%), from €205 to €26,828
of which Remuneration and social security: +€26,136
- Profit (loss) carried forward -€8,479
down €8,479 (-19.5%), from -€43,571 to -€52,049
- Gross operating margin +€250,032
up €250,032, from -€38,403 to €211,628
- Staff costs +€210,802
new in 2025: €210,802
- Financial charges +€5,746
up €5,746 (+1585.6%), from €362 to €6,108
- Depreciation -€2,121
down €2,121 (-62.0%), from €3,420 to €1,299
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 | €9,610 | €268,239 | +€258,629 | +2691.4% |
| Fixed assets | 21/28 | €2,640 | €42,431 | +€39,791 | +1507.2% |
| Intangible fixed assets | 21 | €2,640 | €4,472 | +€1,832 | +69.4% |
| Tangible fixed assets | 22/27 | - | €37,960 | +€37,960 | |
| Plant, machinery and equipment | 23 | - | €37,960 | +€37,960 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €6,969 | €225,808 | +€218,838 | +3140.0% |
| Stocks and contracts in progress | 3 | - | €30,000 | +€30,000 | |
| Stocks | 30/36 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €2,388 | €98,475 | +€96,087 | +4023.3% |
| Trade receivables | 40 | €0 | €96,163 | +€96,163 | |
| Other amounts receivable | 41 | €2,388 | €2,312 | -€76 | -3.2% |
| Cash at bank and in hand | 54/58 | €4,581 | €91,191 | +€86,610 | +1890.6% |
| Deferred charges and accrued income | 490/1 | - | €6,141 | +€6,141 | |
| Total equity and liabilities | 10/49 | €9,610 | €268,239 | +€258,629 | +2691.4% |
| Equity | 10/15 | -€24,971 | -€33,449 | -€8,479 | -34.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,571 | -€52,049 | -€8,479 | -19.5% |
| Amounts payable | 17/49 | €34,580 | €301,688 | +€267,108 | +772.4% |
| Amounts payable within one year | 42/48 | €34,193 | €300,438 | +€266,246 | +778.7% |
| Financial debts | 43 | - | €998 | +€998 | |
| Credit institutions | 430/8 | - | €998 | +€998 | |
| Trade debts | 44 | €1,730 | €239,880 | +€238,150 | +13762.9% |
| Suppliers | 440/4 | €1,730 | €239,880 | +€238,150 | +13762.9% |
| Taxes, remuneration and social security | 45 | €205 | €26,828 | +€26,624 | +13008.0% |
| Taxes | 450/3 | €205 | €693 | +€488 | +238.4% |
| Remuneration and social security | 454/9 | - | €26,136 | +€26,136 | |
| Other amounts payable | 47/48 | €32,258 | €32,732 | +€474 | +1.5% |
| Accrued charges and deferred income | 492/3 | €387 | €1,250 | +€863 | +222.7% |
| Remuneration, social security and pensions | 62 | - | €210,802 | +€210,802 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,420 | €1,299 | -€2,121 | -62.0% |
| Other operating charges | 640/8 | €587 | €1,965 | +€1,377 | +234.5% |
| Gross operating margin | 9900 | -€38,403 | €211,628 | +€250,032 | |
| Operating profit (loss) | 9901 | -€42,411 | -€2,438 | +€39,972 | +94.3% |
| Financial income | 75/76B | €519 | €68 | -€452 | -86.9% |
| Recurring financial income | 75 | €519 | €68 | -€452 | -86.9% |
| Financial charges | 65/66B | €362 | €6,108 | +€5,746 | +1585.6% |
| Recurring financial charges | 65 | €362 | €6,108 | +€5,746 | +1585.6% |
| Profit (loss) for the period before taxes | 9903 | -€42,254 | -€8,479 | +€33,775 | +79.9% |
| Profit (loss) for the period | 9904 | -€42,254 | -€8,479 | +€33,775 | +79.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,254 | -€8,479 | +€33,775 | +79.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.