MODINET: 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.
MODINET
Largest movements
- Cash +€43,371
up €43,371 (+168.0%), from €25,818 to €69,189
mainly Net result for the year (+€19,112) and Stocks and contracts (+€15,250)
- Stocks and contracts -€15,250
down €15,250 (-11.8%), from €129,212 to €113,961
- Tangible fixed assets -€10,844
down €10,844 (-17.4%), from €62,405 to €51,561
of which Plant, machinery and equipment: -€6,906
- Reserves +€19,000
up €19,000 (+40.5%), from €46,870 to €65,870
- Tax, wage and social debts +€8,898
up €8,898 (+37.0%), from €24,027 to €32,925
- Debts after one year -€6,677
down €6,677 (-12.4%), from €53,953 to €47,276
- Trade debts -€5,362
down €5,362 (-47.1%), from €11,378 to €6,015
- Gross operating margin +€19,103
up €19,103 (+84.5%), from €22,596 to €41,699
- Taxes +€7,305
up €7,305 (+261.6%), from €2,792 to €10,097
- Financial charges -€601
down €601 (-24.6%), from €2,438 to €1,837
- Financial income -€467
down €467 (-41.1%), from €1,135 to €669
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.
Cash bridge derived
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 | €223,895 | €241,531 | +€17,636 | +7.9% |
| Fixed assets | 21/28 | €65,805 | €54,961 | -€10,844 | -16.5% |
| Tangible fixed assets | 22/27 | €62,405 | €51,561 | -€10,844 | -17.4% |
| Plant, machinery and equipment | 23 | €51,215 | €44,309 | -€6,906 | -13.5% |
| Furniture and vehicles | 24 | €11,190 | €7,252 | -€3,938 | -35.2% |
| Financial fixed assets | 28 | €3,400 | €3,400 | = | 0.0% |
| Current assets | 29/58 | €158,090 | €186,570 | +€28,480 | +18.0% |
| Stocks and contracts in progress | 3 | €129,212 | €113,961 | -€15,250 | -11.8% |
| Stocks | 30/36 | €129,212 | €113,961 | -€15,250 | -11.8% |
| Amounts receivable within one year | 40/41 | €2,154 | €978 | -€1,177 | -54.6% |
| Trade receivables | 40 | €2,154 | €978 | -€1,177 | -54.6% |
| Cash at bank and in hand | 54/58 | €25,818 | €69,189 | +€43,371 | +168.0% |
| Deferred charges and accrued income | 490/1 | €906 | €2,442 | +€1,536 | +169.5% |
| Total equity and liabilities | 10/49 | €223,895 | €241,531 | +€17,636 | +7.9% |
| Equity | 10/15 | €57,480 | €76,592 | +€19,112 | +33.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,870 | €65,870 | +€19,000 | +40.5% |
| Distributable reserves | 133 | €46,870 | €65,870 | +€19,000 | +40.5% |
| Profit (loss) carried forward | 14 | -€7,990 | -€7,879 | +€112 | +1.4% |
| Amounts payable | 17/49 | €166,415 | €164,939 | -€1,476 | -0.9% |
| Amounts payable after more than one year | 17 | €53,953 | €47,276 | -€6,677 | -12.4% |
| Financial debts | 170/4 | €53,953 | €47,276 | -€6,677 | -12.4% |
| Amounts payable within one year | 42/48 | €112,462 | €117,663 | +€5,201 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €6,528 | €6,998 | +€470 | +7.2% |
| Trade debts | 44 | €11,378 | €6,015 | -€5,362 | -47.1% |
| Suppliers | 440/4 | €11,378 | €6,015 | -€5,362 | -47.1% |
| Taxes, remuneration and social security | 45 | €24,027 | €32,925 | +€8,898 | +37.0% |
| Taxes | 450/3 | €24,027 | €32,925 | +€8,898 | +37.0% |
| Other amounts payable | 47/48 | €70,529 | €71,724 | +€1,195 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,131 | €10,844 | -€287 | -2.6% |
| Other operating charges | 640/8 | €384 | €477 | +€93 | +24.1% |
| Non-recurring operating charges | 66A | €73 | €0 | -€73 | -100.0% |
| Gross operating margin | 9900 | €22,596 | €41,699 | +€19,103 | +84.5% |
| Operating profit (loss) | 9901 | €11,009 | €30,378 | +€19,369 | +175.9% |
| Financial income | 75/76B | €1,135 | €669 | -€467 | -41.1% |
| Recurring financial income | 75 | €1,135 | €669 | -€467 | -41.1% |
| Financial charges | 65/66B | €2,438 | €1,837 | -€601 | -24.6% |
| Recurring financial charges | 65 | €2,438 | €1,837 | -€601 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €9,706 | €29,209 | +€19,503 | +200.9% |
| Income taxes | 67/77 | €2,792 | €10,097 | +€7,305 | +261.6% |
| Profit (loss) for the period | 9904 | €6,914 | €19,112 | +€12,198 | +176.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,914 | €19,112 | +€12,198 | +176.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.