Modular Building concept: 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.
Modular Building concept
Largest movements
- Receivables within one year -€67,706
down €67,706 (-14.7%), from €459,241 to €391,535
of which Other amounts receivable: -€53,210
- Cash -€48,126
down €48,126 (-39.2%), from €122,844 to €74,718
mainly Other debts (-€98,078) and Contributions, distributions and other (-€55,516)
- Current investments +€18,606
up €18,606 (+2.3%), from €800,000 to €818,606
- Other debts -€98,078
down €98,078 (-44.4%), from €221,098 to €123,020
- Other operating charges +€10,867
up €10,867 (+72.2%), from €15,044 to €25,911
- Gross operating margin -€10,414
down €10,414 (-10.6%), from €97,839 to €87,425
- Financial income +€6,602
up €6,602 (+23.1%), from €28,542 to €35,144
- Taxes +€4,805
up €4,805 (+27.7%), from €17,326 to €22,131
- Financial charges -€1,406
down €1,406 (-11.6%), from €12,129 to €10,723
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 | €1,660,552 | €1,551,828 | -€108,724 | -6.5% |
| Fixed assets | 21/28 | €267,208 | €258,920 | -€8,289 | -3.1% |
| Tangible fixed assets | 22/27 | €267,208 | €258,920 | -€8,289 | -3.1% |
| Land and buildings | 22 | €267,208 | €258,920 | -€8,289 | -3.1% |
| Current assets | 29/58 | €1,393,344 | €1,292,908 | -€100,435 | -7.2% |
| Amounts receivable within one year | 40/41 | €459,241 | €391,535 | -€67,706 | -14.7% |
| Trade receivables | 40 | €16,305 | €1,809 | -€14,496 | -88.9% |
| Other amounts receivable | 41 | €442,936 | €389,726 | -€53,210 | -12.0% |
| Current investments | 50/53 | €800,000 | €818,606 | +€18,606 | +2.3% |
| Cash at bank and in hand | 54/58 | €122,844 | €74,718 | -€48,126 | -39.2% |
| Deferred charges and accrued income | 490/1 | €11,259 | €8,050 | -€3,209 | -28.5% |
| Total equity and liabilities | 10/49 | €1,660,552 | €1,551,828 | -€108,724 | -6.5% |
| Equity | 10/15 | €1,139,742 | €1,139,742 | = | 0.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €971,150 | €971,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €112,963 | €112,963 | = | 0.0% |
| Distributable reserves | 133 | €858,188 | €858,188 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,000 | €150,000 | = | 0.0% |
| Provisions and deferred taxes | 16 | €31,404 | €31,404 | = | 0.0% |
| Deferred taxes | 168 | €31,404 | €31,404 | = | 0.0% |
| Amounts payable | 17/49 | €489,405 | €380,681 | -€108,724 | -22.2% |
| Amounts payable after more than one year | 17 | €233,333 | €218,333 | -€15,000 | -6.4% |
| Financial debts | 170/4 | €233,333 | €218,333 | -€15,000 | -6.4% |
| Amounts payable within one year | 42/48 | €252,322 | €161,348 | -€90,974 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €30,333 | €22,667 | -€7,667 | -25.3% |
| Trade debts | 44 | - | €64 | +€64 | |
| Suppliers | 440/4 | - | €64 | +€64 | |
| Taxes, remuneration and social security | 45 | €890 | €15,597 | +€14,707 | +1,652% |
| Taxes | 450/3 | €890 | €15,597 | +€14,707 | +1,652% |
| Other amounts payable | 47/48 | €221,098 | €123,020 | -€98,078 | -44.4% |
| Accrued charges and deferred income | 492/3 | €3,750 | €1,000 | -€2,750 | -73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,289 | €8,289 | = | 0.0% |
| Other operating charges | 640/8 | €15,044 | €25,911 | +€10,867 | +72.2% |
| Gross operating margin | 9900 | €97,839 | €87,425 | -€10,414 | -10.6% |
| Operating profit (loss) | 9901 | €74,506 | €53,226 | -€21,281 | -28.6% |
| Financial income | 75/76B | €28,542 | €35,144 | +€6,602 | +23.1% |
| Recurring financial income | 75 | €28,542 | €35,144 | +€6,602 | +23.1% |
| Financial charges | 65/66B | €12,129 | €10,723 | -€1,406 | -11.6% |
| Recurring financial charges | 65 | €12,129 | €10,723 | -€1,406 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €90,920 | €77,647 | -€13,273 | -14.6% |
| Income taxes | 67/77 | €17,326 | €22,131 | +€4,805 | +27.7% |
| Profit (loss) for the period | 9904 | €73,594 | €55,516 | -€18,078 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,594 | €55,516 | -€18,078 | -24.6% |
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 22 October 2026 via checked.be.