Modul'R: 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.
Modul'R
Largest movements
- Intangible fixed assets -€20,000
down €20,000 (-50.0%), from €40,000 to €20,000
- Cash +€13,286
up €13,286 (+10.1%), from €131,479 to €144,765
mainly Depreciation (+€23,891) and Net result for the year (+€20,043)
- Deferred charges and accrued income +€5,738
up €5,738 (+148%), from €3,878 to €9,616
- Tangible fixed assets -€3,891
down €3,891 (-66.5%), from €5,853 to €1,962
of which Furniture and vehicles: -€2,269
- Receivables within one year -€3,821
down €3,821 (-13.3%), from €28,681 to €24,860
of which Trade receivables: -€3,282
- Reserves +€20,000
up €20,000 (+73.1%), from €27,360 to €47,360
of which Distributable reserves: +€20,000
- Debts after one year -€14,112
no longer reported in 2025 (was €14,112)
- Current portion of long-term debt -€6,721
down €6,721 (-32.3%), from €20,833 to €14,112
- Tax, wage and social debts -€3,000
down €3,000 (-4.5%), from €67,165 to €64,165
of which Remuneration and social security: -€10,872
- Other debts -€2,915
down €2,915 (-5.5%), from €52,671 to €49,756
- Gross operating margin +€11,210
up €11,210 (+3.2%), from €352,566 to €363,776
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 | €214,165 | €205,478 | -€8,687 | -4.1% |
| Fixed assets | 21/28 | €46,077 | €22,187 | -€23,891 | -51.8% |
| Intangible fixed assets | 21 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Tangible fixed assets | 22/27 | €5,853 | €1,962 | -€3,891 | -66.5% |
| Plant, machinery and equipment | 23 | €1,621 | - | -€1,621 | |
| Furniture and vehicles | 24 | €4,231 | €1,962 | -€2,269 | -53.6% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €168,088 | €183,291 | +€15,203 | +9.0% |
| Amounts receivable after more than one year | 29 | €4,050 | €4,050 | = | 0.0% |
| Trade receivables | 290 | €4,050 | €4,050 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,681 | €24,860 | -€3,821 | -13.3% |
| Trade receivables | 40 | €28,142 | €24,860 | -€3,282 | -11.7% |
| Other amounts receivable | 41 | €539 | - | -€539 | |
| Cash at bank and in hand | 54/58 | €131,479 | €144,765 | +€13,286 | +10.1% |
| Deferred charges and accrued income | 490/1 | €3,878 | €9,616 | +€5,738 | +148% |
| Total equity and liabilities | 10/49 | €214,165 | €205,478 | -€8,687 | -4.1% |
| Equity | 10/15 | €46,460 | €66,504 | +€20,043 | +43.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €27,360 | €47,360 | +€20,000 | +73.1% |
| Tax-exempt reserves | 132 | €18,210 | €18,210 | = | 0.0% |
| Distributable reserves | 133 | €9,150 | €29,150 | +€20,000 | +219% |
| Profit (loss) carried forward | 14 | €17,600 | €17,643 | +€43 | +0.2% |
| Amounts payable | 17/49 | €167,705 | €138,974 | -€28,731 | -17.1% |
| Amounts payable after more than one year | 17 | €14,112 | - | -€14,112 | |
| Financial debts | 170/4 | €14,112 | - | -€14,112 | |
| Amounts payable within one year | 42/48 | €153,593 | €138,974 | -€14,619 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €20,833 | €14,112 | -€6,721 | -32.3% |
| Trade debts | 44 | €12,924 | €10,941 | -€1,983 | -15.3% |
| Suppliers | 440/4 | €12,924 | €10,941 | -€1,983 | -15.3% |
| Taxes, remuneration and social security | 45 | €67,165 | €64,165 | -€3,000 | -4.5% |
| Taxes | 450/3 | €11,113 | €18,985 | +€7,872 | +70.8% |
| Remuneration and social security | 454/9 | €56,052 | €45,180 | -€10,872 | -19.4% |
| Other amounts payable | 47/48 | €52,671 | €49,756 | -€2,915 | -5.5% |
| Remuneration, social security and pensions | 62 | €306,532 | €305,798 | -€734 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,085 | €23,891 | -€194 | -0.8% |
| Other operating charges | 640/8 | €3,592 | €3,708 | +€116 | +3.2% |
| Gross operating margin | 9900 | €352,566 | €363,776 | +€11,210 | +3.2% |
| Operating profit (loss) | 9901 | €18,357 | €30,380 | +€12,022 | +65.5% |
| Financial income | 75/76B | €1 | €39 | +€38 | +3,234% |
| Recurring financial income | 75 | €1 | €39 | +€38 | +3,234% |
| Financial charges | 65/66B | €1,320 | €1,324 | +€5 | +0.4% |
| Recurring financial charges | 65 | €1,320 | €1,324 | +€5 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €17,039 | €29,094 | +€12,055 | +70.8% |
| Income taxes | 67/77 | €6,453 | €9,051 | +€2,598 | +40.3% |
| Profit (loss) for the period | 9904 | €10,586 | €20,043 | +€9,458 | +89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,586 | €20,043 | +€9,458 | +89.3% |
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 16 October 2026 via checked.be.