MODULO 2 PI: 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.
MODULO 2 PI
Largest movements
- Cash +€87,344
up €87,344 (+333.4%), from €26,198 to €113,541
mainly Net result for the year (+€93,431) and Depreciation (+€522)
- Tangible fixed assets +€2,170
new in 2025: €2,170
- Receivables within one year +€1,584
up €1,584 (+11.8%), from €13,371 to €14,955
of which Other amounts receivable: +€1,584
- Profit (loss) carried forward +€93,431
up €93,431 (+411.7%), from €22,693 to €116,123
- Tax, wage and social debts -€1,932
down €1,932 (-15.8%), from €12,224 to €10,292
of which Taxes: -€4,332
- Gross operating margin +€98,101
up €98,101 (+345.4%), from €28,406 to €126,507
- Taxes +€26,709
up €26,709 (+468.0%), from €5,707 to €32,416
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 | €39,568 | €131,352 | +€91,783 | +232.0% |
| Fixed assets | 21/28 | - | €2,170 | +€2,170 | |
| Tangible fixed assets | 22/27 | - | €2,170 | +€2,170 | |
| Furniture and vehicles | 24 | - | €2,170 | +€2,170 | |
| Current assets | 29/58 | €39,568 | €129,181 | +€89,613 | +226.5% |
| Amounts receivable within one year | 40/41 | €13,371 | €14,955 | +€1,584 | +11.8% |
| Trade receivables | 40 | €13,371 | €13,371 | = | 0.0% |
| Other amounts receivable | 41 | - | €1,584 | +€1,584 | |
| Cash at bank and in hand | 54/58 | €26,198 | €113,541 | +€87,344 | +333.4% |
| Deferred charges and accrued income | 490/1 | - | €685 | +€685 | |
| Total equity and liabilities | 10/49 | €39,568 | €131,352 | +€91,783 | +232.0% |
| Equity | 10/15 | €24,693 | €118,123 | +€93,431 | +378.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,693 | €116,123 | +€93,431 | +411.7% |
| Amounts payable | 17/49 | €14,876 | €13,228 | -€1,647 | -11.1% |
| Amounts payable within one year | 42/48 | €14,876 | €13,228 | -€1,647 | -11.1% |
| Trade debts | 44 | €962 | €1,114 | +€152 | +15.8% |
| Suppliers | 440/4 | €962 | €1,114 | +€152 | +15.8% |
| Taxes, remuneration and social security | 45 | €12,224 | €10,292 | -€1,932 | -15.8% |
| Taxes | 450/3 | €12,224 | €7,892 | -€4,332 | -35.4% |
| Remuneration and social security | 454/9 | - | €2,400 | +€2,400 | |
| Other amounts payable | 47/48 | €1,690 | €1,823 | +€133 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €522 | +€522 | |
| Other operating charges | 640/8 | - | €27 | +€27 | |
| Gross operating margin | 9900 | €28,406 | €126,507 | +€98,101 | +345.4% |
| Operating profit (loss) | 9901 | €28,406 | €125,958 | +€97,552 | +343.4% |
| Financial charges | 65/66B | €7 | €111 | +€105 | +1574.0% |
| Recurring financial charges | 65 | €7 | €111 | +€105 | +1574.0% |
| Profit (loss) for the period before taxes | 9903 | €28,399 | €125,846 | +€97,447 | +343.1% |
| Income taxes | 67/77 | €5,707 | €32,416 | +€26,709 | +468.0% |
| Profit (loss) for the period | 9904 | €22,693 | €93,431 | +€70,738 | +311.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,693 | €93,431 | +€70,738 | +311.7% |
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 7 October 2026 via checked.be.