MODULO - MANAGEMENT: 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 - MANAGEMENT
Largest movements
- Cash -€2,515
down €2,515 (-87.1%), from €2,888 to €373
mainly Receivables within one year (-€2,041) and Other debts (-€1,682)
- Receivables within one year +€2,041
up €2,041 (+160.8%), from €1,269 to €3,310
of which Other amounts receivable: +€2,197
- Other debts -€1,682
no longer reported in 2025 (was €1,682)
- Trade debts +€743
up €743 (+29.6%), from €2,513 to €3,256
- Profit (loss) carried forward +€305
up €305 (+1.6%), from -€18,638 to -€18,333
- Tax, wage and social debts +€159
new in 2025: €159
- Gross operating margin +€2,115
up €2,115, from -€111 to €2,004
- Taxes +€509
new in 2025: €509
- Other operating charges +€194
up €194 (+23.2%), from €836 to €1,030
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 | €4,157 | €3,682 | -€474 | -11.4% |
| Current assets | 29/58 | €4,157 | €3,682 | -€474 | -11.4% |
| Amounts receivable within one year | 40/41 | €1,269 | €3,310 | +€2,041 | +160.8% |
| Trade receivables | 40 | €1,269 | €1,113 | -€156 | -12.3% |
| Other amounts receivable | 41 | - | €2,197 | +€2,197 | |
| Cash at bank and in hand | 54/58 | €2,888 | €373 | -€2,515 | -87.1% |
| Total equity and liabilities | 10/49 | €4,157 | €3,682 | -€474 | -11.4% |
| Equity | 10/15 | -€38 | €267 | +€305 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,638 | -€18,333 | +€305 | +1.6% |
| Amounts payable | 17/49 | €4,195 | €3,415 | -€780 | -18.6% |
| Amounts payable within one year | 42/48 | €4,195 | €3,415 | -€780 | -18.6% |
| Trade debts | 44 | €2,513 | €3,256 | +€743 | +29.6% |
| Suppliers | 440/4 | €2,513 | €3,256 | +€743 | +29.6% |
| Taxes, remuneration and social security | 45 | - | €159 | +€159 | |
| Taxes | 450/3 | - | €159 | +€159 | |
| Other amounts payable | 47/48 | €1,682 | - | -€1,682 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6 | - | -€6 | |
| Other operating charges | 640/8 | €836 | €1,030 | +€194 | +23.2% |
| Gross operating margin | 9900 | -€111 | €2,004 | +€2,115 | |
| Operating profit (loss) | 9901 | -€953 | €974 | +€1,927 | |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €168 | €179 | +€10 | +6.1% |
| Recurring financial charges | 65 | €168 | €179 | +€10 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,122 | €815 | +€1,936 | |
| Income taxes | 67/77 | - | €509 | +€509 | |
| Profit (loss) for the period | 9904 | -€1,122 | €305 | +€1,427 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,122 | €305 | +€1,427 |
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 3 October 2026 via checked.be.