MODISE: 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.
MODISE
Largest movements
- Receivables within one year +€70,659
up €70,659 (+271%), from €26,045 to €96,704
of which Trade receivables: +€71,562
- Tangible fixed assets -€35,630
down €35,630 (-27.7%), from €128,745 to €93,115
of which Furniture and vehicles: -€32,671
- Stocks and contracts -€12,473
down €12,473 (-67.5%), from €18,473 to €6,000
- Cash -€4,007
down €4,007 (-70.1%), from €5,717 to €1,710
mainly Other debts (-€113,973) and Receivables within one year (-€70,659)
- Trade debts +€116,844
up €116,844 (+16,934%), from €690 to €117,534
- Other debts -€113,973
down €113,973 (-65.5%), from €174,020 to €60,047
- Profit (loss) carried forward +€10,684
up €10,684 (+2,374%), from €450 to €11,134
- Tax, wage and social debts +€4,993
up €4,993 (+131%), from €3,820 to €8,813
- Gross operating margin +€49,879
up €49,879 (+1,776%), from €2,809 to €52,688
- Depreciation +€35,630
new in 2025: €35,630
- Taxes +€3,303
up €3,303 (+479%), from €690 to €3,993
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 | €178,980 | €197,529 | +€18,549 | +10.4% |
| Fixed assets | 21/28 | €128,745 | €93,115 | -€35,630 | -27.7% |
| Tangible fixed assets | 22/27 | €128,745 | €93,115 | -€35,630 | -27.7% |
| Land and buildings | 22 | €4,980 | €3,984 | -€996 | -20.0% |
| Plant, machinery and equipment | 23 | €9,098 | €7,135 | -€1,963 | -21.6% |
| Furniture and vehicles | 24 | €114,667 | €81,996 | -€32,671 | -28.5% |
| Current assets | 29/58 | €50,235 | €104,414 | +€54,179 | +108% |
| Stocks and contracts in progress | 3 | €18,473 | €6,000 | -€12,473 | -67.5% |
| Stocks | 30/36 | €18,473 | €6,000 | -€12,473 | -67.5% |
| Amounts receivable within one year | 40/41 | €26,045 | €96,704 | +€70,659 | +271% |
| Trade receivables | 40 | €25,050 | €96,612 | +€71,562 | +286% |
| Other amounts receivable | 41 | €995 | €92 | -€903 | -90.7% |
| Cash at bank and in hand | 54/58 | €5,717 | €1,710 | -€4,007 | -70.1% |
| Total equity and liabilities | 10/49 | €178,980 | €197,529 | +€18,549 | +10.4% |
| Equity | 10/15 | €450 | €11,134 | +€10,684 | +2,374% |
| Profit (loss) carried forward | 14 | €450 | €11,134 | +€10,684 | +2,374% |
| Amounts payable | 17/49 | €178,530 | €186,394 | +€7,864 | +4.4% |
| Amounts payable within one year | 42/48 | €178,530 | €186,394 | +€7,864 | +4.4% |
| Trade debts | 44 | €690 | €117,534 | +€116,844 | +16,934% |
| Suppliers | 440/4 | €690 | €117,534 | +€116,844 | +16,934% |
| Taxes, remuneration and social security | 45 | €3,820 | €8,813 | +€4,993 | +131% |
| Taxes | 450/3 | €3,820 | €8,813 | +€4,993 | +131% |
| Other amounts payable | 47/48 | €174,020 | €60,047 | -€113,973 | -65.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €35,630 | +€35,630 | |
| Other operating charges | 640/8 | €1,870 | €2,124 | +€254 | +13.6% |
| Gross operating margin | 9900 | €2,809 | €52,688 | +€49,879 | +1,776% |
| Operating profit (loss) | 9901 | €939 | €14,935 | +€13,996 | +1,490% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €129 | €258 | +€129 | +100% |
| Recurring financial charges | 65 | €129 | €258 | +€129 | +100% |
| Profit (loss) for the period before taxes | 9903 | €810 | €14,677 | +€13,867 | +1,712% |
| Income taxes | 67/77 | €690 | €3,993 | +€3,303 | +479% |
| Profit (loss) for the period | 9904 | €120 | €10,684 | +€10,564 | +8,804% |
| Profit (loss) for the period to be appropriated | 9905 | €120 | €10,684 | +€10,564 | +8,804% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.