MODODA: 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.
MODODA
Largest movements
- Stocks and contracts -€15,000
down €15,000 (-5.3%), from €285,000 to €270,000
- Tangible fixed assets +€13,849
up €13,849 (+3.2%), from €428,600 to €442,450
of which Plant, machinery and equipment: +€29,252
- Other debts +€110,454
up €110,454 (+21.3%), from €518,792 to €629,246
- Debts after one year -€52,929
down €52,929 (-12.6%), from €420,531 to €367,603
- Profit (loss) carried forward -€32,721
down €32,721, from €526 to -€32,195
- Current portion of long-term debt -€25,895
down €25,895 (-30.4%), from €85,290 to €59,395
- Gross operating margin -€81,913
down €81,913 (-71.8%), from €114,107 to €32,194
- Financial charges +€20,784
up €20,784 (+110.1%), from €18,881 to €39,665
- Taxes -€20,276
down €20,276 (-98.9%), from €20,506 to €230
- Depreciation -€17,453
down €17,453 (-50.4%), from €34,622 to €17,169
- Other operating charges +€6,639
up €6,639 (+302.5%), from €2,195 to €8,834
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,240,485 | €1,239,133 | -€1,352 | -0.1% |
| Fixed assets | 21/28 | €828,100 | €841,950 | +€13,849 | +1.7% |
| Tangible fixed assets | 22/27 | €428,600 | €442,450 | +€13,849 | +3.2% |
| Land and buildings | 22 | €403,003 | €395,847 | -€7,156 | -1.8% |
| Plant, machinery and equipment | 23 | - | €29,252 | +€29,252 | |
| Leasing and similar rights | 25 | €25,597 | €17,351 | -€8,246 | -32.2% |
| Financial fixed assets | 28 | €399,500 | €399,500 | = | 0.0% |
| Current assets | 29/58 | €412,385 | €397,183 | -€15,201 | -3.7% |
| Stocks and contracts in progress | 3 | €285,000 | €270,000 | -€15,000 | -5.3% |
| Stocks | 30/36 | €285,000 | €270,000 | -€15,000 | -5.3% |
| Amounts receivable within one year | 40/41 | €92,718 | €104,582 | +€11,864 | +12.8% |
| Trade receivables | 40 | €31,187 | €18,937 | -€12,250 | -39.3% |
| Other amounts receivable | 41 | €61,531 | €85,645 | +€24,114 | +39.2% |
| Cash at bank and in hand | 54/58 | €27,810 | €16,162 | -€11,648 | -41.9% |
| Deferred charges and accrued income | 490/1 | €6,857 | €6,439 | -€418 | -6.1% |
| Total equity and liabilities | 10/49 | €1,240,485 | €1,239,133 | -€1,352 | -0.1% |
| Equity | 10/15 | €184,596 | €151,875 | -€32,721 | -17.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €177,870 | €177,870 | = | 0.0% |
| Distributable reserves | 133 | €177,870 | €177,870 | = | 0.0% |
| Profit (loss) carried forward | 14 | €526 | -€32,195 | -€32,721 | |
| Amounts payable | 17/49 | €1,055,889 | €1,087,258 | +€31,369 | +3.0% |
| Amounts payable after more than one year | 17 | €420,531 | €367,603 | -€52,929 | -12.6% |
| Financial debts | 170/4 | €420,531 | €367,603 | -€52,929 | -12.6% |
| Amounts payable within one year | 42/48 | €616,143 | €693,425 | +€77,282 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €85,290 | €59,395 | -€25,895 | -30.4% |
| Trade debts | 44 | €509 | €119 | -€390 | -76.6% |
| Suppliers | 440/4 | €509 | €119 | -€390 | -76.6% |
| Taxes, remuneration and social security | 45 | €11,552 | €4,664 | -€6,888 | -59.6% |
| Taxes | 450/3 | €11,552 | €4,664 | -€6,888 | -59.6% |
| Other amounts payable | 47/48 | €518,792 | €629,246 | +€110,454 | +21.3% |
| Accrued charges and deferred income | 492/3 | €19,215 | €26,231 | +€7,016 | +36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,622 | €17,169 | -€17,453 | -50.4% |
| Other operating charges | 640/8 | €2,195 | €8,834 | +€6,639 | +302.5% |
| Gross operating margin | 9900 | €114,107 | €32,194 | -€81,913 | -71.8% |
| Operating profit (loss) | 9901 | €77,291 | €6,192 | -€71,099 | -92.0% |
| Financial income | 75/76B | €963 | €982 | +€19 | +2.0% |
| Recurring financial income | 75 | €963 | €982 | +€19 | +2.0% |
| Financial charges | 65/66B | €18,881 | €39,665 | +€20,784 | +110.1% |
| Recurring financial charges | 65 | €18,881 | €39,665 | +€20,784 | +110.1% |
| Profit (loss) for the period before taxes | 9903 | €59,373 | -€32,491 | -€91,864 | |
| Income taxes | 67/77 | €20,506 | €230 | -€20,276 | -98.9% |
| Profit (loss) for the period | 9904 | €38,867 | -€32,721 | -€71,589 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,867 | -€32,721 | -€71,589 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.