MODULYSS: 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.
What changed
MODULYSS
NACE 13.930, Manufacture of textiles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.7m
2024 · €762,551-€2.4m
Equity
€1.6m
2024 · €3.3m-€1.7m
Cash
€108,632
2024 · €1.6m-€1.5m
Balance sheet total
€15.1m
2024 · €14.7m+€459,028
Largest movements
Assets
- Intangible fixed assets +€1.8m
up €1.8m (+22565.5%), from €7,923 to €1.8m
- Cash -€1.5m
down €1.5m (-93.3%), from €1.6m to €108,632
mainly Investment in fixed assets (net) (-€2.7m) and Net result for the year (-€1.7m)
- Tangible fixed assets +€624,421
up €624,421 (+24.1%), from €2.6m to €3.2m
of which Plant, machinery and equipment: +€663,032
- Stocks and contracts -€563,431
down €563,431 (-6.7%), from €8.4m to €7.8m
Equity and liabilities
- Trade debts +€1.9m
up €1.9m (+24.3%), from €8.0m to €9.9m
- Profit (loss) carried forward -€1.7m
down €1.7m, from €423,405 to -€1.3m
- Short-term financial debts +€820,396
new in 2025: €820,396
- Tax, wage and social debts -€498,165
down €498,165 (-17.9%), from €2.8m to €2.3m
of which Remuneration and social security: -€362,375
Income statement
- Turnover -€3.9m
down €3.9m (-7.1%), from €55.8m to €51.8m
- Goods and materials -€2.5m
down €2.5m (-9.1%), from €27.3m to €24.8m
of which Purchases: -€1.9m
- Financial income -€877,388
down €877,388 (-97.5%), from €900,177 to €22,790
- Financial charges -€796,517
down €796,517 (-45.5%), from €1.7m to €952,368
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.
Result 2024
€762,551
Turnover
-€3.9m
Other operating income
-€15,451
Goods and materials
+€2.5m
Services and other goods
+€540,325
Staff costs
-€147,515
Depreciation
-€48,303
Write-downs
+€266,734
Other operating charges
-€3,815
Other operating items
-€1.5m
Financial income
-€877,388
Financial charges
+€796,517
Taxes
+€635
Result 2025
-€1.7m
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.
From operations
+€393,489
Investment
-€2.7m
Financing
+€817,494
Cash 2024
€1.6m
From operations (derived)
+€393,489
Net result for the year
-€1.7m
Depreciation
+€299,577
Stocks and contracts
+€563,431
Receivables within one year
-€111,052
Trade debts
+€1.9m
Tax, wage and social debts
-€498,165
Other debts
-€32,099
Accrued charges and deferred income
-€81,631
Investment (derived)
-€2.7m
Investment in fixed assets (net)
-€2.7m
Financing
+€817,494
Debts after one year
-€1,730
Current portion of long-term debt
-€1,173
Short-term financial debts
+€820,396
Cash 2025
€108,632
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,650,519 | €15,109,547 | +€459,028 | +3.1% |
| Fixed assets | 21/28 | €2,696,380 | €5,108,589 | +€2.4m | +89.5% |
| Intangible fixed assets | 21 | €7,923 | €1,795,711 | +€1.8m | +22565.5% |
| Tangible fixed assets | 22/27 | €2,595,998 | €3,220,420 | +€624,421 | +24.1% |
| Plant, machinery and equipment | 23 | €2,477,808 | €3,140,839 | +€663,032 | +26.8% |
| Furniture and vehicles | 24 | €11,238 | €8,238 | -€3,000 | -26.7% |
| Leasing and similar rights | 25 | €5,884 | €2,942 | -€2,942 | -50.0% |
| Other tangible fixed assets | 26 | €101,070 | €68,401 | -€32,669 | -32.3% |
| Financial fixed assets | 28 | €92,458 | €92,458 | = | 0.0% |
| Affiliated companies | 280/1 | €117 | €117 | = | 0.0% |
| Participating interests | 280 | €117 | €117 | = | 0.0% |
| Other financial fixed assets | 284/8 | €92,341 | €92,341 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €92,341 | €92,341 | = | 0.0% |
| Current assets | 29/58 | €11,954,140 | €10,000,958 | -€2.0m | -16.3% |
| Stocks and contracts in progress | 3 | €8,350,199 | €7,786,768 | -€563,431 | -6.7% |
| Stocks | 30/36 | €8,350,199 | €7,786,768 | -€563,431 | -6.7% |
| Raw materials and consumables | 30/31 | €1,754,425 | €2,207,380 | +€452,955 | +25.8% |
| Work in progress | 32 | €2,282,169 | €2,172,521 | -€109,648 | -4.8% |
| Finished goods | 33 | €4,056,821 | €3,203,745 | -€853,076 | -21.0% |
| Goods purchased for resale | 34 | €256,784 | €203,122 | -€53,663 | -20.9% |
| Amounts receivable within one year | 40/41 | €1,994,506 | €2,105,558 | +€111,052 | +5.6% |
| Trade receivables | 40 | €1,645,110 | €1,789,038 | +€143,928 | +8.7% |
| Other amounts receivable | 41 | €349,396 | €316,520 | -€32,876 | -9.4% |
| Cash at bank and in hand | 54/58 | €1,609,435 | €108,632 | -€1.5m | -93.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €14,650,519 | €15,109,547 | +€459,028 | +3.1% |
| Equity | 10/15 | €3,302,105 | €1,623,677 | -€1.7m | -50.8% |
| Contributions | 10/11 | €2,617,000 | €2,617,000 | = | 0.0% |
| Capital | 10 | €2,617,000 | €2,617,000 | = | 0.0% |
| Issued capital | 100 | €2,617,000 | €2,617,000 | = | 0.0% |
| Reserves | 13 | €261,700 | €261,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €261,700 | €261,700 | = | 0.0% |
| Legal reserve | 130 | €261,700 | €261,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €423,405 | -€1,255,023 | -€1.7m | |
| Amounts payable | 17/49 | €11,348,414 | €13,485,869 | +€2.1m | +18.8% |
| Amounts payable after more than one year | 17 | €2,465 | €735 | -€1,730 | -70.2% |
| Financial debts | 170/4 | €2,465 | €735 | -€1,730 | -70.2% |
| Leasing and similar obligations | 172 | €2,465 | €735 | -€1,730 | -70.2% |
| Other loans | 174 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €10,785,736 | €13,006,551 | +€2.2m | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €2,902 | €1,730 | -€1,173 | -40.4% |
| Financial debts | 43 | - | €820,396 | +€820,396 | |
| Other loans | 439 | - | €820,396 | +€820,396 | |
| Trade debts | 44 | €7,962,001 | €9,893,856 | +€1.9m | +24.3% |
| Suppliers | 440/4 | €7,962,001 | €9,893,856 | +€1.9m | +24.3% |
| Taxes, remuneration and social security | 45 | €2,788,733 | €2,290,569 | -€498,165 | -17.9% |
| Taxes | 450/3 | €564,431 | €428,641 | -€135,789 | -24.1% |
| Remuneration and social security | 454/9 | €2,224,302 | €1,861,927 | -€362,375 | -16.3% |
| Other amounts payable | 47/48 | €32,099 | - | -€32,099 | |
| Accrued charges and deferred income | 492/3 | €560,214 | €478,583 | -€81,631 | -14.6% |
| Operating income | 70/76A | €56,586,924 | €51,167,080 | -€5.4m | -9.6% |
| Turnover | 70 | €55,751,375 | €51,817,988 | -€3.9m | -7.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €211,698 | -€1,201,912 | -€1.4m | |
| Other operating income | 74 | €549,303 | €533,852 | -€15,451 | -2.8% |
| Non-recurring operating income | 76A | €74,548 | €17,152 | -€57,396 | -77.0% |
| Operating charges | 60/66A | €54,969,469 | €51,910,367 | -€3.1m | -5.6% |
| Goods for resale, raw materials and consumables | 60 | €27,290,850 | €24,810,076 | -€2.5m | -9.1% |
| Purchases | 600/8 | €27,127,622 | €25,239,381 | -€1.9m | -7.0% |
| Change in stocks: decrease (increase) | 609 | €163,229 | -€429,305 | -€592,534 | |
| Services and other goods | 61 | €16,635,738 | €16,095,412 | -€540,325 | -3.2% |
| Remuneration, social security and pensions | 62 | €10,634,817 | €10,782,333 | +€147,515 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €251,273 | €299,577 | +€48,303 | +19.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €110,627 | -€156,107 | -€266,734 | |
| Other operating charges | 640/8 | €45,046 | €48,861 | +€3,815 | +8.5% |
| Non-recurring operating charges | 66A | €1,118 | €30,216 | +€29,098 | +2603.6% |
| Operating profit (loss) | 9901 | €1,617,455 | -€743,288 | -€2.4m | |
| Financial income | 75/76B | €900,177 | €22,790 | -€877,388 | -97.5% |
| Recurring financial income | 75 | €900,177 | €22,790 | -€877,388 | -97.5% |
| Other financial income | 752/9 | €900,177 | €22,790 | -€877,388 | -97.5% |
| Financial charges | 65/66B | €1,748,886 | €952,368 | -€796,517 | -45.5% |
| Recurring financial charges | 65 | €1,748,886 | €952,368 | -€796,517 | -45.5% |
| Debt charges | 650 | €1,122,598 | €73,834 | -€1.0m | -93.4% |
| Other financial charges | 652/9 | €626,287 | €878,535 | +€252,247 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €768,747 | -€1,672,867 | -€2.4m | |
| Income taxes | 67/77 | €6,195 | €5,561 | -€635 | -10.2% |
| Taxes | 670/3 | €6,195 | €5,561 | -€635 | -10.2% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | €762,551 | -€1,678,427 | -€2.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €762,551 | -€1,678,427 | -€2.4m |
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 4 October 2026 via checked.be.