Modulation 58: 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.
Modulation 58
Largest movements
- Cash -€605
down €605 (-65.4%), from €926 to €321
mainly Net result for the year (-€3,368) and Investment in fixed assets (net) (-€2,701)
- Intangible fixed assets -€321
no longer reported in 2024 (was €321)
- Tangible fixed assets +€251
up €251 (+6.9%), from €3,623 to €3,873
of which Plant, machinery and equipment: +€2,224
- Receivables within one year +€237
new in 2024: €237
- Other debts +€4,370
up €4,370 (+51.4%), from €8,494 to €12,864
- Profit (loss) carried forward -€3,368
down €3,368 (-254.3%), from -€1,325 to -€4,693
- Trade debts -€1,950
down €1,950 (-48.7%), from €4,005 to €2,056
of which Bills of exchange payable: -€1,471
- Tax, wage and social debts +€510
up €510 (+34.5%), from €1,477 to €1,986
- Gross operating margin -€7,368
down €7,368 (-94.0%), from €7,841 to €473
- Other operating charges +€712
up €712 (+369.0%), from €193 to €905
- Depreciation -€149
down €149 (-5.1%), from €2,921 to €2,772
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,652 | €17,213 | -€438 | -2.5% |
| Fixed assets | 21/28 | €3,944 | €3,873 | -€71 | -1.8% |
| Intangible fixed assets | 21 | €321 | - | -€321 | |
| Tangible fixed assets | 22/27 | €3,623 | €3,873 | +€251 | +6.9% |
| Plant, machinery and equipment | 23 | €475 | €2,699 | +€2,224 | +467.8% |
| Furniture and vehicles | 24 | €3,148 | €1,174 | -€1,973 | -62.7% |
| Current assets | 29/58 | €13,708 | €13,340 | -€368 | -2.7% |
| Stocks and contracts in progress | 3 | €12,782 | €12,782 | = | 0.0% |
| Stocks | 30/36 | €12,782 | €12,782 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €237 | +€237 | |
| Trade receivables | 40 | - | €237 | +€237 | |
| Cash at bank and in hand | 54/58 | €926 | €321 | -€605 | -65.4% |
| Total equity and liabilities | 10/49 | €17,652 | €17,213 | -€438 | -2.5% |
| Equity | 10/15 | €3,675 | €307 | -€3,368 | -91.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,325 | -€4,693 | -€3,368 | -254.3% |
| Amounts payable | 17/49 | €13,976 | €16,906 | +€2,930 | +21.0% |
| Amounts payable within one year | 42/48 | €13,976 | €16,906 | +€2,930 | +21.0% |
| Trade debts | 44 | €4,005 | €2,056 | -€1,950 | -48.7% |
| Suppliers | 440/4 | €2,534 | €2,056 | -€478 | -18.9% |
| Bills of exchange payable | 441 | €1,471 | - | -€1,471 | |
| Taxes, remuneration and social security | 45 | €1,477 | €1,986 | +€510 | +34.5% |
| Taxes | 450/3 | €1,477 | €1,986 | +€510 | +34.5% |
| Other amounts payable | 47/48 | €8,494 | €12,864 | +€4,370 | +51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,921 | €2,772 | -€149 | -5.1% |
| Other operating charges | 640/8 | €193 | €905 | +€712 | +369.0% |
| Gross operating margin | 9900 | €7,841 | €473 | -€7,368 | -94.0% |
| Operating profit (loss) | 9901 | €4,727 | -€3,204 | -€7,931 | |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €225 | €164 | -€61 | -27.2% |
| Recurring financial charges | 65 | €225 | €164 | -€61 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €4,507 | -€3,368 | -€7,875 | |
| Profit (loss) for the period | 9904 | €4,507 | -€3,368 | -€7,875 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,507 | -€3,368 | -€7,875 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.