MODIFROID: 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.
MODIFROID
Largest movements
- Cash -€74,374
down €74,374 (-71.6%), from €103,935 to €29,561
mainly Tax, wage and social debts (-€68,259) and Other debts (-€29,142)
- Tangible fixed assets -€33,777
down €33,777 (-17.2%), from €196,860 to €163,083
of which Furniture and vehicles: -€25,365
- Receivables within one year -€25,794
down €25,794 (-4.3%), from €601,080 to €575,286
of which Trade receivables: -€84,330
- Stocks and contracts +€25,779
up €25,779 (+35.9%), from €71,832 to €97,611
- Deferred charges and accrued income -€18,832
down €18,832 (-94.7%), from €19,887 to €1,055
- Tax, wage and social debts -€68,259
down €68,259 (-40.2%), from €169,639 to €101,380
of which Taxes: -€59,498
- Reserves +€30,871
up €30,871 (+13.6%), from €226,207 to €257,078
of which Distributable reserves: +€30,871
- Other debts -€29,142
no longer reported in 2024 (was €29,142)
- Profit (loss) carried forward -€28,364
no longer reported in 2024 (was €28,364)
- Debts after one year -€27,870
down €27,870 (-33.7%), from €82,725 to €54,855
- Staff costs -€24,475
down €24,475 (-11.1%), from €221,132 to €196,657
- Gross operating margin +€21,076
up €21,076 (+8.7%), from €242,643 to €263,720
- Other operating charges +€3,857
up €3,857 (+29.7%), from €12,969 to €16,826
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 | €993,594 | €870,431 | -€123,162 | -12.4% |
| Fixed assets | 21/28 | €196,860 | €166,918 | -€29,942 | -15.2% |
| Intangible fixed assets | 21 | - | €3,834 | +€3,834 | |
| Tangible fixed assets | 22/27 | €196,860 | €163,083 | -€33,777 | -17.2% |
| Land and buildings | 22 | €59,295 | €55,711 | -€3,584 | -6.0% |
| Plant, machinery and equipment | 23 | €11,414 | €6,587 | -€4,827 | -42.3% |
| Furniture and vehicles | 24 | €126,151 | €100,785 | -€25,365 | -20.1% |
| Current assets | 29/58 | €796,733 | €703,514 | -€93,220 | -11.7% |
| Stocks and contracts in progress | 3 | €71,832 | €97,611 | +€25,779 | +35.9% |
| Stocks | 30/36 | €71,832 | €97,611 | +€25,779 | +35.9% |
| Amounts receivable within one year | 40/41 | €601,080 | €575,286 | -€25,794 | -4.3% |
| Trade receivables | 40 | €597,039 | €512,708 | -€84,330 | -14.1% |
| Other amounts receivable | 41 | €4,041 | €62,578 | +€58,537 | +1,449% |
| Cash at bank and in hand | 54/58 | €103,935 | €29,561 | -€74,374 | -71.6% |
| Deferred charges and accrued income | 490/1 | €19,887 | €1,055 | -€18,832 | -94.7% |
| Total equity and liabilities | 10/49 | €993,594 | €870,431 | -€123,162 | -12.4% |
| Equity | 10/15 | €601,127 | €603,633 | +€2,506 | +0.4% |
| Contributions | 10/11 | €346,556 | €346,556 | = | 0.0% |
| Reserves | 13 | €226,207 | €257,078 | +€30,871 | +13.6% |
| Non-distributable reserves | 130/1 | €3,825 | €3,825 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,825 | - | -€3,825 | |
| Other | 1319 | - | €3,825 | +€3,825 | |
| Distributable reserves | 133 | €222,382 | €253,253 | +€30,871 | +13.9% |
| Profit (loss) carried forward | 14 | €28,364 | - | -€28,364 | |
| Amounts payable | 17/49 | €392,466 | €266,798 | -€125,668 | -32.0% |
| Amounts payable after more than one year | 17 | €82,725 | €54,855 | -€27,870 | -33.7% |
| Financial debts | 170/4 | €82,725 | €54,855 | -€27,870 | -33.7% |
| Amounts payable within one year | 42/48 | €309,741 | €211,943 | -€97,799 | -31.6% |
| Current portion of amounts payable after more than one year | 42 | €25,365 | €25,044 | -€321 | -1.3% |
| Financial debts | 43 | - | €51 | +€51 | |
| Credit institutions | 430/8 | - | €51 | +€51 | |
| Trade debts | 44 | €85,596 | €85,467 | -€129 | -0.2% |
| Suppliers | 440/4 | €85,596 | €85,467 | -€129 | -0.2% |
| Taxes, remuneration and social security | 45 | €169,639 | €101,380 | -€68,259 | -40.2% |
| Taxes | 450/3 | €133,692 | €74,193 | -€59,498 | -44.5% |
| Remuneration and social security | 454/9 | €35,947 | €27,187 | -€8,760 | -24.4% |
| Other amounts payable | 47/48 | €29,142 | - | -€29,142 | |
| Remuneration, social security and pensions | 62 | €221,132 | €196,657 | -€24,475 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,868 | €42,667 | +€799 | +1.9% |
| Other operating charges | 640/8 | €12,969 | €16,826 | +€3,857 | +29.7% |
| Gross operating margin | 9900 | €242,643 | €263,720 | +€21,076 | +8.7% |
| Operating profit (loss) | 9901 | -€33,326 | €7,570 | +€40,896 | |
| Financial income | 75/76B | €3 | €525 | +€522 | +15,865% |
| Recurring financial income | 75 | €3 | €525 | +€522 | +15,865% |
| Financial charges | 65/66B | €4,633 | €4,367 | -€265 | -5.7% |
| Recurring financial charges | 65 | €4,633 | €4,367 | -€265 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€37,955 | €3,729 | +€41,684 | |
| Income taxes | 67/77 | - | €1,222 | +€1,222 | |
| Profit (loss) for the period | 9904 | -€37,955 | €2,506 | +€40,461 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,955 | €2,506 | +€40,461 |
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 17 October 2026 via checked.be.