Modular Spaces: 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.
Modular Spaces
Largest movements
- Tangible fixed assets +€66,466
up €66,466 (+824.6%), from €8,061 to €74,527
of which Land and buildings: +€49,166
- Cash -€3,930
down €3,930 (-40.1%), from €9,802 to €5,872
mainly Investment in fixed assets (net) (-€75,599) and Receivables within one year (-€688)
- Debts after one year +€41,382
new in 2025: €41,382
- Other debts +€9,510
new in 2025: €9,510
- Current portion of long-term debt +€5,627
new in 2025: €5,627
- Trade debts +€4,054
up €4,054 (+97.0%), from €4,180 to €8,234
- Profit (loss) carried forward +€3,638
up €3,638 (+32.7%), from €11,127 to €14,765
- Depreciation +€6,766
up €6,766 (+285.9%), from €2,367 to €9,133
- Gross operating margin +€2,701
up €2,701 (+18.8%), from €14,345 to €17,046
- Financial charges +€1,455
up €1,455 (+147.3%), from €988 to €2,443
- Other operating charges +€226
up €226 (+86.0%), from €263 to €488
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 | €24,651 | €88,365 | +€63,714 | +258.5% |
| Fixed assets | 21/28 | €8,061 | €74,527 | +€66,466 | +824.6% |
| Tangible fixed assets | 22/27 | €8,061 | €74,527 | +€66,466 | +824.6% |
| Land and buildings | 22 | - | €49,166 | +€49,166 | |
| Plant, machinery and equipment | 23 | €1,939 | €817 | -€1,122 | -57.9% |
| Furniture and vehicles | 24 | €1,896 | €24,544 | +€22,648 | +1194.4% |
| Assets under construction and advance payments | 27 | €4,225 | - | -€4,225 | |
| Current assets | 29/58 | €16,591 | €13,838 | -€2,753 | -16.6% |
| Stocks and contracts in progress | 3 | €1,800 | €1,800 | = | 0.0% |
| Stocks | 30/36 | €1,800 | €1,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,500 | €5,188 | +€688 | +15.3% |
| Trade receivables | 40 | €1,673 | €1,578 | -€96 | -5.7% |
| Other amounts receivable | 41 | €2,827 | €3,610 | +€784 | +27.7% |
| Cash at bank and in hand | 54/58 | €9,802 | €5,872 | -€3,930 | -40.1% |
| Deferred charges and accrued income | 490/1 | €488 | €978 | +€490 | +100.2% |
| Total equity and liabilities | 10/49 | €24,651 | €88,365 | +€63,714 | +258.5% |
| Equity | 10/15 | €18,627 | €22,265 | +€3,638 | +19.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €5,500 | €5,500 | = | 0.0% |
| Distributable reserves | 133 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,127 | €14,765 | +€3,638 | +32.7% |
| Amounts payable | 17/49 | €6,024 | €66,100 | +€60,076 | +997.3% |
| Amounts payable after more than one year | 17 | - | €41,382 | +€41,382 | |
| Financial debts | 170/4 | - | €41,382 | +€41,382 | |
| Amounts payable within one year | 42/48 | €5,574 | €24,718 | +€19,144 | +343.5% |
| Current portion of amounts payable after more than one year | 42 | - | €5,627 | +€5,627 | |
| Trade debts | 44 | €4,180 | €8,234 | +€4,054 | +97.0% |
| Suppliers | 440/4 | €4,180 | €8,234 | +€4,054 | +97.0% |
| Taxes, remuneration and social security | 45 | €1,394 | €1,347 | -€47 | -3.4% |
| Taxes | 450/3 | €1,394 | €1,347 | -€47 | -3.4% |
| Other amounts payable | 47/48 | - | €9,510 | +€9,510 | |
| Accrued charges and deferred income | 492/3 | €450 | - | -€450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,367 | €9,133 | +€6,766 | +285.9% |
| Other operating charges | 640/8 | €263 | €488 | +€226 | +86.0% |
| Non-recurring operating charges | 66A | €4,895 | - | -€4,895 | |
| Gross operating margin | 9900 | €14,345 | €17,046 | +€2,701 | +18.8% |
| Operating profit (loss) | 9901 | €6,821 | €7,425 | +€604 | +8.8% |
| Financial income | 75/76B | €11 | €3 | -€8 | -69.4% |
| Recurring financial income | 75 | €11 | €3 | -€8 | -69.4% |
| Financial charges | 65/66B | €988 | €2,443 | +€1,455 | +147.3% |
| Recurring financial charges | 65 | €988 | €2,443 | +€1,455 | +147.3% |
| Profit (loss) for the period before taxes | 9903 | €5,844 | €4,985 | -€859 | -14.7% |
| Income taxes | 67/77 | €1,394 | €1,347 | -€47 | -3.4% |
| Profit (loss) for the period | 9904 | €4,450 | €3,638 | -€812 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,450 | €3,638 | -€812 | -18.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.