MODUM: 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.
MODUM
Largest movements
- Cash +€61,097
up €61,097 (+20.7%), from €294,584 to €355,681
mainly Depreciation (+€38,065) and Net result for the year (+€16,593)
- Tangible fixed assets -€36,690
down €36,690 (-55.0%), from €66,750 to €30,060
of which Furniture and vehicles: -€32,603
- Receivables within one year +€5,402
up €5,402 (+5.4%), from €100,403 to €105,805
of which Trade receivables: +€5,298
- Reserves +€50,000
new in 2025: €50,000
- Profit (loss) carried forward -€33,407
down €33,407 (-79.4%), from €42,061 to €8,655
- Trade debts +€5,764
up €5,764 (+710%), from €812 to €6,576
- Tax, wage and social debts +€5,716
up €5,716 (+220%), from €2,599 to €8,315
of which Taxes: +€8,315
- Gross operating margin +€16,576
up €16,576 (+38.0%), from €43,591 to €60,167
- Taxes +€4,820
new in 2025: €4,820
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.
Derived cash bridge
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 | €465,472 | €493,546 | +€28,074 | +6.0% |
| Formation expenses | 20 | €1,658 | €1,100 | -€558 | -33.6% |
| Fixed assets | 21/28 | €66,750 | €30,060 | -€36,690 | -55.0% |
| Tangible fixed assets | 22/27 | €66,750 | €30,060 | -€36,690 | -55.0% |
| Plant, machinery and equipment | 23 | €6,901 | €2,814 | -€4,088 | -59.2% |
| Furniture and vehicles | 24 | €59,849 | €27,246 | -€32,603 | -54.5% |
| Current assets | 29/58 | €397,064 | €462,386 | +€65,322 | +16.5% |
| Amounts receivable within one year | 40/41 | €100,403 | €105,805 | +€5,402 | +5.4% |
| Trade receivables | 40 | €88,318 | €93,616 | +€5,298 | +6.0% |
| Other amounts receivable | 41 | €12,085 | €12,189 | +€104 | +0.9% |
| Cash at bank and in hand | 54/58 | €294,584 | €355,681 | +€61,097 | +20.7% |
| Deferred charges and accrued income | 490/1 | €2,077 | €900 | -€1,177 | -56.7% |
| Total equity and liabilities | 10/49 | €465,472 | €493,546 | +€28,074 | +6.0% |
| Equity | 10/15 | €462,061 | €478,655 | +€16,593 | +3.6% |
| Contributions | 10/11 | €420,000 | €420,000 | = | 0.0% |
| Reserves | 13 | - | €50,000 | +€50,000 | |
| Distributable reserves | 133 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €42,061 | €8,655 | -€33,407 | -79.4% |
| Amounts payable | 17/49 | €3,411 | €14,891 | +€11,480 | +337% |
| Amounts payable within one year | 42/48 | €3,411 | €14,891 | +€11,480 | +337% |
| Trade debts | 44 | €812 | €6,576 | +€5,764 | +710% |
| Suppliers | 440/4 | €812 | €6,576 | +€5,764 | +710% |
| Taxes, remuneration and social security | 45 | €2,599 | €8,315 | +€5,716 | +220% |
| Taxes | 450/3 | - | €8,315 | +€8,315 | |
| Remuneration and social security | 454/9 | €2,599 | €0 | -€2,599 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,623 | €38,065 | +€441 | +1.2% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €43,591 | €60,167 | +€16,576 | +38.0% |
| Operating profit (loss) | 9901 | €5,440 | €21,558 | +€16,118 | +296% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €168 | €145 | -€23 | -13.8% |
| Recurring financial charges | 65 | €168 | €145 | -€23 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €5,272 | €21,413 | +€16,142 | +306% |
| Income taxes | 67/77 | - | €4,820 | +€4,820 | |
| Profit (loss) for the period | 9904 | €5,272 | €16,593 | +€11,322 | +215% |
| Profit (loss) for the period to be appropriated | 9905 | €5,272 | €16,593 | +€11,322 | +215% |
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 20 October 2026 via checked.be.