MODUL8.COM: what changed
Two fiscal 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.
MODUL8.COM
Largest movements
- Cash +€25,720
up €25,720, from €0 to €25,720
mainly Net result for the year (+€34,649) and Current portion of long-term debt (+€4,986)
- Receivables within one year +€3,242
up €3,242 (+2.4%), from €136,017 to €139,259
of which Other amounts receivable: +€9,197
- Tangible fixed assets +€2,333
up €2,333 (+118.6%), from €1,967 to €4,299
- Reserves +€34,649
up €34,649 (+98.5%), from €35,161 to €69,810
of which Distributable reserves: +€36,549
- Tax, wage and social debts -€7,584
down €7,584 (-50.0%), from €15,165 to €7,582
- Short-term financial debts -€6,757
down €6,757 (-87.8%), from €7,694 to €937
- Current portion of long-term debt +€4,986
up €4,986, from €0 to €4,986
- Trade debts +€2,953
up €2,953 (+154.4%), from €1,912 to €4,865
- Gross operating margin +€30,316
up €30,316 (+169.1%), from €17,926 to €48,241
- Taxes +€7,709
up €7,709 (+120.6%), from €6,392 to €14,101
- Financial charges -€1,800
down €1,800 (-37.4%), from €4,809 to €3,009
- Other operating charges -€618
down €618 (-39.4%), from €1,568 to €950
- Financial income -€609
down €609 (-9.7%), from €6,283 to €5,674
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 | €138,839 | €169,802 | +€30,963 | +22.3% |
| Fixed assets | 21/28 | €1,967 | €4,299 | +€2,333 | +118.6% |
| Tangible fixed assets | 22/27 | €1,967 | €4,299 | +€2,333 | +118.6% |
| Furniture and vehicles | 24 | €1,967 | €4,299 | +€2,333 | +118.6% |
| Current assets | 29/58 | €136,872 | €165,503 | +€28,631 | +20.9% |
| Amounts receivable within one year | 40/41 | €136,017 | €139,259 | +€3,242 | +2.4% |
| Trade receivables | 40 | €33,801 | €27,845 | -€5,956 | -17.6% |
| Other amounts receivable | 41 | €102,216 | €111,413 | +€9,197 | +9.0% |
| Cash at bank and in hand | 54/58 | €0 | €25,720 | +€25,720 | |
| Deferred charges and accrued income | 490/1 | €855 | €524 | -€331 | -38.7% |
| Total equity and liabilities | 10/49 | €138,839 | €169,802 | +€30,963 | +22.3% |
| Equity | 10/15 | €114,067 | €148,716 | +€34,649 | +30.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €35,161 | €69,810 | +€34,649 | +98.5% |
| Non-distributable reserves | 130/1 | €1,900 | €0 | -€1,900 | -100.0% |
| Reserves not available under the articles | 1311 | €1,900 | €0 | -€1,900 | -100.0% |
| Tax-exempt reserves | 132 | €7,274 | €7,274 | = | 0.0% |
| Distributable reserves | 133 | €25,988 | €62,537 | +€36,549 | +140.6% |
| Profit (loss) carried forward | 14 | €59,906 | €59,906 | = | 0.0% |
| Amounts payable | 17/49 | €24,771 | €21,086 | -€3,686 | -14.9% |
| Amounts payable after more than one year | 17 | €0 | €2,716 | +€2,716 | |
| Financial debts | 170/4 | €0 | €2,716 | +€2,716 | |
| Amounts payable within one year | 42/48 | €24,771 | €18,370 | -€6,402 | -25.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €4,986 | +€4,986 | |
| Financial debts | 43 | €7,694 | €937 | -€6,757 | -87.8% |
| Credit institutions | 430/8 | €7,694 | €937 | -€6,757 | -87.8% |
| Trade debts | 44 | €1,912 | €4,865 | +€2,953 | +154.4% |
| Suppliers | 440/4 | €1,912 | €4,865 | +€2,953 | +154.4% |
| Taxes, remuneration and social security | 45 | €15,165 | €7,582 | -€7,584 | -50.0% |
| Taxes | 450/3 | €15,165 | €7,582 | -€7,584 | -50.0% |
| Non-recurring operating income | 76A | - | €95 | +€95 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,073 | €1,207 | +€134 | +12.5% |
| Other operating charges | 640/8 | €1,568 | €950 | -€618 | -39.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €17,926 | €48,241 | +€30,316 | +169.1% |
| Operating profit (loss) | 9901 | €15,286 | €46,085 | +€30,800 | +201.5% |
| Financial income | 75/76B | €6,283 | €5,674 | -€609 | -9.7% |
| Recurring financial income | 75 | €6,283 | €5,674 | -€609 | -9.7% |
| Financial charges | 65/66B | €4,809 | €3,009 | -€1,800 | -37.4% |
| Recurring financial charges | 65 | €4,809 | €3,009 | -€1,800 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €16,759 | €48,750 | +€31,991 | +190.9% |
| Income taxes | 67/77 | €6,392 | €14,101 | +€7,709 | +120.6% |
| Profit (loss) for the period | 9904 | €10,367 | €34,649 | +€24,281 | +234.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,367 | €34,649 | +€24,281 | +234.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.