MODO PROJECTS: 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.
MODO PROJECTS
Largest movements
- Cash +€138,683
up €138,683 (+369.1%), from €37,569 to €176,252
mainly Other debts (+€110,000) and Net result for the year (+€62,337)
- Receivables within one year -€55,774
down €55,774 (-65.0%), from €85,813 to €30,039
of which Trade receivables: -€55,751
- Tangible fixed assets -€21,211
down €21,211 (-5.4%), from €394,487 to €373,275
of which Land and buildings: -€19,361
- Other debts +€110,000
new in 2025: €110,000
- Reserves -€47,663
down €47,663 (-99.9%), from €47,699 to €37
- Trade debts -€21,471
down €21,471 (-86.4%), from €24,840 to €3,369
- Tax, wage and social debts +€20,886
up €20,886 (+131.8%), from €15,845 to €36,731
- Gross operating margin +€15,255
up €15,255 (+16.3%), from €93,319 to €108,574
- Depreciation -€11,335
down €11,335 (-34.8%), from €32,546 to €21,211
- Taxes +€5,820
up €5,820 (+38.3%), from €15,213 to €21,033
- Other operating charges +€5,079
up €5,079 (+8192.2%), from €62 to €5,141
- Financial income +€1,176
up €1,176 (+645.6%), from €182 to €1,358
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 | €517,918 | €579,670 | +€61,752 | +11.9% |
| Fixed assets | 21/28 | €394,487 | €373,275 | -€21,211 | -5.4% |
| Tangible fixed assets | 22/27 | €394,487 | €373,275 | -€21,211 | -5.4% |
| Land and buildings | 22 | €381,084 | €361,723 | -€19,361 | -5.1% |
| Plant, machinery and equipment | 23 | €13,403 | €11,553 | -€1,850 | -13.8% |
| Current assets | 29/58 | €123,431 | €206,394 | +€82,963 | +67.2% |
| Amounts receivable within one year | 40/41 | €85,813 | €30,039 | -€55,774 | -65.0% |
| Trade receivables | 40 | €85,726 | €29,975 | -€55,751 | -65.0% |
| Other amounts receivable | 41 | €87 | €64 | -€23 | -26.4% |
| Cash at bank and in hand | 54/58 | €37,569 | €176,252 | +€138,683 | +369.1% |
| Deferred charges and accrued income | 490/1 | €49 | €104 | +€55 | +110.7% |
| Total equity and liabilities | 10/49 | €517,918 | €579,670 | +€61,752 | +11.9% |
| Equity | 10/15 | €477,232 | €429,570 | -€47,663 | -10.0% |
| Contributions | 10/11 | €429,533 | €429,533 | = | 0.0% |
| Reserves | 13 | €47,699 | €37 | -€47,663 | -99.9% |
| Distributable reserves | 133 | €47,699 | €37 | -€47,663 | -99.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €40,685 | €150,100 | +€109,415 | +268.9% |
| Amounts payable within one year | 42/48 | €40,685 | €150,100 | +€109,415 | +268.9% |
| Trade debts | 44 | €24,840 | €3,369 | -€21,471 | -86.4% |
| Suppliers | 440/4 | €24,840 | €3,369 | -€21,471 | -86.4% |
| Taxes, remuneration and social security | 45 | €15,845 | €36,731 | +€20,886 | +131.8% |
| Taxes | 450/3 | €15,845 | €36,731 | +€20,886 | +131.8% |
| Other amounts payable | 47/48 | - | €110,000 | +€110,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,546 | €21,211 | -€11,335 | -34.8% |
| Other operating charges | 640/8 | €62 | €5,141 | +€5,079 | +8192.2% |
| Gross operating margin | 9900 | €93,319 | €108,574 | +€15,255 | +16.3% |
| Operating profit (loss) | 9901 | €60,711 | €82,222 | +€21,511 | +35.4% |
| Financial income | 75/76B | €182 | €1,358 | +€1,176 | +645.6% |
| Recurring financial income | 75 | €182 | €1,358 | +€1,176 | +645.6% |
| Financial charges | 65/66B | €40 | €209 | +€169 | +427.0% |
| Recurring financial charges | 65 | €40 | €209 | +€169 | +427.0% |
| Profit (loss) for the period before taxes | 9903 | €60,853 | €83,371 | +€22,518 | +37.0% |
| Income taxes | 67/77 | €15,213 | €21,033 | +€5,820 | +38.3% |
| Profit (loss) for the period | 9904 | €45,640 | €62,337 | +€16,698 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,640 | €62,337 | +€16,698 | +36.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.