MoDuLe: 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.
MoDuLe
Largest movements
- Tangible fixed assets -€9,225
down €9,225 (-4.5%), from €202,832 to €193,607
- Cash +€3,033
up €3,033 (+15.0%), from €20,276 to €23,309
mainly Depreciation (+€9,225) and Net result for the year (+€4,990)
- Debts after one year -€11,570
down €11,570 (-7.9%), from €146,953 to €135,383
- Profit (loss) carried forward +€4,990
up €4,990 (+12.5%), from -€40,057 to -€35,067
- Depreciation -€26,996
down €26,996 (-74.5%), from €36,221 to €9,225
- Gross operating margin +€22,609
up €22,609, from -€1,682 to €20,927
- Financial charges +€3,484
up €3,484 (+242.7%), from €1,436 to €4,920
- Other operating charges +€1,074
up €1,074 (+149.5%), from €718 to €1,792
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 | €223,108 | €216,916 | -€6,192 | -2.8% |
| Fixed assets | 21/28 | €202,832 | €193,607 | -€9,225 | -4.5% |
| Tangible fixed assets | 22/27 | €202,832 | €193,607 | -€9,225 | -4.5% |
| Land and buildings | 22 | €202,832 | €193,607 | -€9,225 | -4.5% |
| Current assets | 29/58 | €20,276 | €23,309 | +€3,033 | +15.0% |
| Cash at bank and in hand | 54/58 | €20,276 | €23,309 | +€3,033 | +15.0% |
| Total equity and liabilities | 10/49 | €223,108 | €216,916 | -€6,192 | -2.8% |
| Equity | 10/15 | €64,943 | €69,933 | +€4,990 | +7.7% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,057 | -€35,067 | +€4,990 | +12.5% |
| Amounts payable | 17/49 | €158,165 | €146,983 | -€11,182 | -7.1% |
| Amounts payable after more than one year | 17 | €146,953 | €135,383 | -€11,570 | -7.9% |
| Financial debts | 170/4 | €146,953 | €135,383 | -€11,570 | -7.9% |
| Amounts payable within one year | 42/48 | €11,212 | €11,600 | +€387 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €11,212 | €11,570 | +€357 | +3.2% |
| Trade debts | 44 | - | €30 | +€30 | |
| Suppliers | 440/4 | - | €30 | +€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,221 | €9,225 | -€26,996 | -74.5% |
| Other operating charges | 640/8 | €718 | €1,792 | +€1,074 | +149.5% |
| Gross operating margin | 9900 | -€1,682 | €20,927 | +€22,609 | |
| Operating profit (loss) | 9901 | -€38,621 | €9,910 | +€48,531 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,436 | €4,920 | +€3,484 | +242.7% |
| Recurring financial charges | 65 | €1,436 | €4,920 | +€3,484 | +242.7% |
| Profit (loss) for the period before taxes | 9903 | -€40,057 | €4,990 | +€45,047 | |
| Profit (loss) for the period | 9904 | -€40,057 | €4,990 | +€45,047 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,057 | €4,990 | +€45,047 |
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 11 October 2026 via checked.be.