MODO MEDICAL: what changed
What changed
MODO MEDICAL
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€184,873
2023 · €167,689+€17,184
Equity
€1.5m
2023 · €1.3m+€184,873
Cash
€9,267
2023 · €13,866-€4,600
Balance sheet total
€1.6m
2023 · €1.5m+€186,122
Largest movements
Assets
- Receivables within one year +€209,523
up €209,523 (+15.2%), from €1.4m to €1.6m
- Intangible fixed assets -€21,451
down €21,451 (-50.0%), from €42,902 to €21,451
Equity and liabilities
- Reserves +€1.5m
up €1.5m (+80,108%), from €1,860 to €1.5m
of which Distributable reserves: +€1.5m
- Profit (loss) carried forward -€1.3m
down €1.3m (-100.0%), from €1.3m to €72
Income statement
- Financial income +€35,899
up €35,899 (+67.1%), from €53,476 to €89,374
- Staff costs -€29,331
down €29,331 (-67.7%), from €43,347 to €14,016
- Gross operating margin -€24,197
down €24,197 (-9.7%), from €250,079 to €225,882
- Taxes +€12,667
up €12,667 (+21.8%), from €58,049 to €70,716
- Other operating charges +€9,304
up €9,304 (+222%), from €4,197 to €13,501
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€167,689
Gross operating margin
-€24,197
Staff costs
+€29,331
Depreciation
-€650
Other operating charges
-€9,304
Financial income
+€35,899
Financial charges
-€1,227
Taxes
-€12,667
Result 2024
€184,873
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€14,205
Investment
-€1,185
Financing
-€17,620
Cash 2023
€13,866
From operations (derived)
+€14,205
Net result for the year
+€184,873
Depreciation
+€25,108
Receivables within one year
-€209,523
Deferred charges and accrued income
-€5,122
Trade debts
+€12,179
Tax, wage and social debts
-€15,198
Other debts
+€14,950
Accrued charges and deferred income
+€6,939
Investment (derived)
-€1,185
Investment in fixed assets (net)
-€1,185
Financing
-€17,620
Debts after one year
-€6,373
Current portion of long-term debt
-€11,248
Cash 2024
€9,267
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,452,997 | €1,639,119 | +€186,122 | +12.8% |
| Fixed assets | 21/28 | €54,592 | €30,669 | -€23,923 | -43.8% |
| Intangible fixed assets | 21 | €42,902 | €21,451 | -€21,451 | -50.0% |
| Tangible fixed assets | 22/27 | €11,117 | €8,646 | -€2,472 | -22.2% |
| Plant, machinery and equipment | 23 | €5,157 | €4,211 | -€947 | -18.4% |
| Furniture and vehicles | 24 | €5,960 | €4,435 | -€1,525 | -25.6% |
| Financial fixed assets | 28 | €572 | €572 | = | 0.0% |
| Current assets | 29/58 | €1,398,405 | €1,608,450 | +€210,045 | +15.0% |
| Amounts receivable within one year | 40/41 | €1,378,606 | €1,588,130 | +€209,523 | +15.2% |
| Other amounts receivable | 41 | €1,378,606 | €1,588,130 | +€209,523 | +15.2% |
| Cash at bank and in hand | 54/58 | €13,866 | €9,267 | -€4,600 | -33.2% |
| Deferred charges and accrued income | 490/1 | €5,932 | €11,053 | +€5,122 | +86.3% |
| Total equity and liabilities | 10/49 | €1,452,997 | €1,639,119 | +€186,122 | +12.8% |
| Equity | 10/15 | €1,325,659 | €1,510,532 | +€184,873 | +13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,491,860 | +€1.5m | +80,108% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €1,490,000 | +€1.5m | |
| Profit (loss) carried forward | 14 | €1,305,199 | €72 | -€1.3m | -100.0% |
| Amounts payable | 17/49 | €127,338 | €128,587 | +€1,249 | +1.0% |
| Amounts payable after more than one year | 17 | €14,866 | €8,493 | -€6,373 | -42.9% |
| Financial debts | 170/4 | €14,866 | €8,493 | -€6,373 | -42.9% |
| Amounts payable within one year | 42/48 | €112,472 | €113,155 | +€683 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €59,090 | €47,842 | -€11,248 | -19.0% |
| Trade debts | 44 | €32,969 | €45,148 | +€12,179 | +36.9% |
| Suppliers | 440/4 | €32,969 | €45,148 | +€12,179 | +36.9% |
| Taxes, remuneration and social security | 45 | €20,413 | €5,216 | -€15,198 | -74.4% |
| Taxes | 450/3 | €8,049 | €4,993 | -€3,056 | -38.0% |
| Remuneration and social security | 454/9 | €12,365 | €223 | -€12,142 | -98.2% |
| Other amounts payable | 47/48 | - | €14,950 | +€14,950 | |
| Accrued charges and deferred income | 492/3 | - | €6,939 | +€6,939 | |
| Remuneration, social security and pensions | 62 | €43,347 | €14,016 | -€29,331 | -67.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,458 | €25,108 | +€650 | +2.7% |
| Other operating charges | 640/8 | €4,197 | €13,501 | +€9,304 | +222% |
| Gross operating margin | 9900 | €250,079 | €225,882 | -€24,197 | -9.7% |
| Operating profit (loss) | 9901 | €178,077 | €173,257 | -€4,820 | -2.7% |
| Financial income | 75/76B | €53,476 | €89,374 | +€35,899 | +67.1% |
| Recurring financial income | 75 | €53,476 | €89,374 | +€35,899 | +67.1% |
| Financial charges | 65/66B | €5,815 | €7,042 | +€1,227 | +21.1% |
| Recurring financial charges | 65 | €5,815 | €7,042 | +€1,227 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €225,738 | €255,589 | +€29,851 | +13.2% |
| Income taxes | 67/77 | €58,049 | €70,716 | +€12,667 | +21.8% |
| Profit (loss) for the period | 9904 | €167,689 | €184,873 | +€17,184 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €167,689 | €184,873 | +€17,184 | +10.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.