MODUMA: 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.
MODUMA
Largest movements
- Cash -€2,425
down €2,425 (-3.8%), from €64,343 to €61,918
mainly Trade debts (-€6,288)
- Trade debts -€6,288
no longer reported in 2025 (was €6,288)
- Profit (loss) carried forward +€1,907
up €1,907 (+4.9%), from -€38,961 to -€37,054
- Other debts +€1,742
up €1,742 (+24.5%), from €7,116 to €8,857
- Gross operating margin +€6,103
up €6,103, from -€2,797 to €3,305
- Depreciation -€430
no longer reported in 2025 (was €430)
- Other operating charges +€293
up €293 (+27.2%), from €1,076 to €1,369
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 | €129,443 | €126,803 | -€2,640 | -2.0% |
| Fixed assets | 21/28 | €63,313 | €63,313 | = | 0.0% |
| Tangible fixed assets | 22/27 | €63,313 | €63,313 | = | 0.0% |
| Land and buildings | 22 | €63,313 | €63,313 | = | 0.0% |
| Current assets | 29/58 | €66,130 | €63,490 | -€2,640 | -4.0% |
| Amounts receivable within one year | 40/41 | €1,787 | €1,572 | -€215 | -12.0% |
| Other amounts receivable | 41 | €1,787 | €1,572 | -€215 | -12.0% |
| Cash at bank and in hand | 54/58 | €64,343 | €61,918 | -€2,425 | -3.8% |
| Total equity and liabilities | 10/49 | €129,443 | €126,803 | -€2,640 | -2.0% |
| Equity | 10/15 | €116,039 | €117,946 | +€1,907 | +1.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €93,000 | €93,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €86,800 | €86,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,961 | -€37,054 | +€1,907 | +4.9% |
| Amounts payable | 17/49 | €13,404 | €8,857 | -€4,546 | -33.9% |
| Amounts payable within one year | 42/48 | €13,404 | €8,857 | -€4,546 | -33.9% |
| Trade debts | 44 | €6,288 | - | -€6,288 | |
| Suppliers | 440/4 | €6,288 | - | -€6,288 | |
| Other amounts payable | 47/48 | €7,116 | €8,857 | +€1,742 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €430 | - | -€430 | |
| Other operating charges | 640/8 | €1,076 | €1,369 | +€293 | +27.2% |
| Gross operating margin | 9900 | -€2,797 | €3,305 | +€6,103 | |
| Operating profit (loss) | 9901 | -€4,303 | €1,937 | +€6,240 | |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,331 | €1,907 | +€6,238 | |
| Profit (loss) for the period | 9904 | -€4,331 | €1,907 | +€6,238 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,331 | €1,907 | +€6,238 |
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 28 September 2026 via checked.be.