MODJO: 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.
MODJO
Largest movements
- Receivables within one year -€10,222
no longer reported in 2025 (was €10,222)
- Cash +€4,670
up €4,670 (+104.8%), from €4,457 to €9,127
mainly Receivables within one year (+€10,222) and Tax, wage and social debts (+€7,234)
- Tangible fixed assets +€511
up €511 (+14.9%), from €3,435 to €3,946
- Other debts -€9,388
down €9,388 (-98.2%), from €9,560 to €172
- Tax, wage and social debts +€7,234
up €7,234 (+513.1%), from €1,410 to €8,644
of which Remuneration and social security: +€7,000
- Trade debts -€5,670
no longer reported in 2025 (was €5,670)
- Profit (loss) carried forward +€2,775
up €2,775, from -€2,525 to €250
- Financial charges +€5,651
up €5,651 (+471.0%), from €1,200 to €6,850
- Gross operating margin +€4,495
up €4,495 (+89.2%), from €5,038 to €9,533
- Taxes -€1,650
down €1,650, from €1,410 to -€240
- Depreciation +€383
up €383 (+88.0%), from €435 to €818
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 | €18,115 | €13,073 | -€5,042 | -27.8% |
| Fixed assets | 21/28 | €3,435 | €3,946 | +€511 | +14.9% |
| Tangible fixed assets | 22/27 | €3,435 | €3,946 | +€511 | +14.9% |
| Plant, machinery and equipment | 23 | €3,435 | €3,946 | +€511 | +14.9% |
| Current assets | 29/58 | €14,679 | €9,127 | -€5,552 | -37.8% |
| Amounts receivable within one year | 40/41 | €10,222 | - | -€10,222 | |
| Other amounts receivable | 41 | €10,222 | - | -€10,222 | |
| Cash at bank and in hand | 54/58 | €4,457 | €9,127 | +€4,670 | +104.8% |
| Total equity and liabilities | 10/49 | €18,115 | €13,073 | -€5,042 | -27.8% |
| Equity | 10/15 | €1,475 | €4,250 | +€2,775 | +188.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,525 | €250 | +€2,775 | |
| Amounts payable | 17/49 | €16,640 | €8,823 | -€7,817 | -47.0% |
| Amounts payable within one year | 42/48 | €16,640 | €8,823 | -€7,817 | -47.0% |
| Financial debts | 43 | - | €8 | +€8 | |
| Other loans | 439 | - | €8 | +€8 | |
| Trade debts | 44 | €5,670 | - | -€5,670 | |
| Suppliers | 440/4 | €5,670 | - | -€5,670 | |
| Taxes, remuneration and social security | 45 | €1,410 | €8,644 | +€7,234 | +513.1% |
| Taxes | 450/3 | €1,410 | €1,644 | +€234 | +16.6% |
| Remuneration and social security | 454/9 | - | €7,000 | +€7,000 | |
| Other amounts payable | 47/48 | €9,560 | €172 | -€9,388 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €435 | €818 | +€383 | +88.0% |
| Other operating charges | 640/8 | €80 | €80 | = | 0.0% |
| Gross operating margin | 9900 | €5,038 | €9,533 | +€4,495 | +89.2% |
| Operating profit (loss) | 9901 | €4,523 | €8,635 | +€4,112 | +90.9% |
| Financial income | 75/76B | €816 | €751 | -€65 | -8.0% |
| Recurring financial income | 75 | €816 | €751 | -€65 | -8.0% |
| Financial charges | 65/66B | €1,200 | €6,850 | +€5,651 | +471.0% |
| Recurring financial charges | 65 | €1,200 | €6,850 | +€5,651 | +471.0% |
| Profit (loss) for the period before taxes | 9903 | €4,139 | €2,535 | -€1,604 | -38.8% |
| Income taxes | 67/77 | €1,410 | -€240 | -€1,650 | |
| Profit (loss) for the period | 9904 | €2,729 | €2,775 | +€46 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,729 | €2,775 | +€46 | +1.7% |
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.