MODUL-TRANS: 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-TRANS
Largest movements
- Receivables within one year -€23,303
down €23,303 (-53.4%), from €43,598 to €20,296
of which Trade receivables: -€21,716
- Cash -€14,003
down €14,003 (-24.6%), from €56,925 to €42,922
mainly Net result for the year (-€21,536) and Tax, wage and social debts (-€11,765)
- Deferred charges and accrued income +€5,058
up €5,058 (+168%), from €3,015 to €8,074
- Profit (loss) carried forward -€21,536
down €21,536 (-40.4%), from -€53,332 to -€74,867
- Tax, wage and social debts -€11,765
down €11,765 (-54.0%), from €21,803 to €10,038
of which Taxes: -€6,523
- Gross operating margin -€100,589
down €100,589 (-58.1%), from €173,118 to €72,529
- Staff costs -€73,797
down €73,797 (-46.7%), from €157,870 to €84,073
- Other operating charges -€6,145
down €6,145 (-48.7%), from €12,609 to €6,464
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 | €107,100 | €74,662 | -€32,438 | -30.3% |
| Fixed assets | 21/28 | €3,562 | €3,371 | -€191 | -5.4% |
| Tangible fixed assets | 22/27 | €388 | €197 | -€191 | -49.2% |
| Furniture and vehicles | 24 | €388 | €197 | -€191 | -49.2% |
| Financial fixed assets | 28 | €3,174 | €3,174 | = | 0.0% |
| Current assets | 29/58 | €103,538 | €71,291 | -€32,247 | -31.1% |
| Amounts receivable within one year | 40/41 | €43,598 | €20,296 | -€23,303 | -53.4% |
| Trade receivables | 40 | €40,382 | €18,666 | -€21,716 | -53.8% |
| Other amounts receivable | 41 | €3,217 | €1,630 | -€1,587 | -49.3% |
| Cash at bank and in hand | 54/58 | €56,925 | €42,922 | -€14,003 | -24.6% |
| Deferred charges and accrued income | 490/1 | €3,015 | €8,074 | +€5,058 | +168% |
| Total equity and liabilities | 10/49 | €107,100 | €74,662 | -€32,438 | -30.3% |
| Equity | 10/15 | -€32,872 | -€54,407 | -€21,536 | -65.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,332 | -€74,867 | -€21,536 | -40.4% |
| Amounts payable | 17/49 | €139,972 | €129,070 | -€10,902 | -7.8% |
| Amounts payable after more than one year | 17 | €110,000 | €110,000 | = | 0.0% |
| Other amounts payable | 178/9 | €110,000 | €110,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,972 | €19,070 | -€10,902 | -36.4% |
| Trade debts | 44 | €8,168 | €9,031 | +€863 | +10.6% |
| Suppliers | 440/4 | €8,168 | €9,031 | +€863 | +10.6% |
| Taxes, remuneration and social security | 45 | €21,803 | €10,038 | -€11,765 | -54.0% |
| Taxes | 450/3 | €10,604 | €4,081 | -€6,523 | -61.5% |
| Remuneration and social security | 454/9 | €11,199 | €5,957 | -€5,242 | -46.8% |
| Non-recurring operating income | 76A | €1,308 | €65 | -€1,243 | -95.0% |
| Remuneration, social security and pensions | 62 | €157,870 | €84,073 | -€73,797 | -46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €393 | €191 | -€202 | -51.4% |
| Other operating charges | 640/8 | €12,609 | €6,464 | -€6,145 | -48.7% |
| Non-recurring operating charges | 66A | €1,501 | - | -€1,501 | |
| Gross operating margin | 9900 | €173,118 | €72,529 | -€100,589 | -58.1% |
| Operating profit (loss) | 9901 | €746 | -€18,198 | -€18,944 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,246 | €3,338 | +€92 | +2.8% |
| Recurring financial charges | 65 | €3,246 | €3,338 | +€92 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,500 | -€21,536 | -€19,036 | -761% |
| Profit (loss) for the period | 9904 | -€2,500 | -€21,536 | -€19,036 | -761% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,500 | -€21,536 | -€19,036 | -761% |
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 20 October 2026 via checked.be.