Modus Industries: what changed
What changed
Modus Industries
NACE 42.219, Civil engineering
filed annual accounts (NBB)
Net result for the year
€51,276
2024 · €117,411-€66,134
Equity
€239,275
2024 · €187,022+€52,253
Cash
€40,156
2024 · €72,823-€32,666
Balance sheet total
€695,779
2024 · €588,163+€107,616
Largest movements
Assets
- Stocks and contracts +€95,450
up €95,450 (+127%), from €75,000 to €170,450
- Receivables within one year +€79,339
up €79,339 (+46.5%), from €170,623 to €249,961
of which Trade receivables: +€50,057
- Tangible fixed assets -€34,738
down €34,738 (-15.0%), from €231,788 to €197,051
of which Leasing and similar rights: -€19,578
- Cash -€32,666
down €32,666 (-44.9%), from €72,823 to €40,156
mainly Stocks and contracts (-€95,450) and Receivables within one year (-€79,339)
Equity and liabilities
- Short-term financial debts +€60,000
up €60,000 (+66.7%), from €90,000 to €150,000
- Profit (loss) carried forward +€52,253
new in 2025: €52,253
- Trade debts +€47,810
up €47,810 (+73.5%), from €65,076 to €112,886
- Debts after one year -€35,288
down €35,288 (-34.2%), from €103,184 to €67,896
- Tax, wage and social debts -€32,586
down €32,586 (-40.6%), from €80,258 to €47,672
of which Taxes: -€39,727
Income statement
- Gross operating margin -€96,483
down €96,483 (-14.0%), from €688,735 to €592,252
- Taxes -€37,413
down €37,413 (-69.0%), from €54,213 to €16,800
- Staff costs +€8,792
up €8,792 (+2.1%), from €412,589 to €421,381
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€117,411
Gross operating margin
-€96,483
Staff costs
-€8,792
Depreciation
+€3,714
Other operating charges
-€5,508
Financial income
+€812
Financial charges
+€2,711
Taxes
+€37,413
Result 2025
€51,276
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€25,632
Investment
-€45,651
Financing
+€38,618
Cash 2024
€72,823
From operations (derived)
-€25,632
Net result for the year
+€51,276
Depreciation
+€77,294
Stocks and contracts
-€95,450
Receivables within one year
-€79,339
Deferred charges and accrued income
+€2,864
Trade debts
+€47,810
Tax, wage and social debts
-€32,586
Other debts
+€2,499
Investment (derived)
-€45,651
Investment in fixed assets (net)
-€45,651
Financing
+€38,618
Debts after one year
-€35,288
Current portion of long-term debt
+€12,929
Short-term financial debts
+€60,000
Contributions, distributions and other
+€977
Cash 2025
€40,156
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €588,163 | €695,779 | +€107,616 | +18.3% |
| Fixed assets | 21/28 | €261,028 | €229,386 | -€31,642 | -12.1% |
| Intangible fixed assets | 21 | €18,740 | €16,240 | -€2,500 | -13.3% |
| Tangible fixed assets | 22/27 | €231,788 | €197,051 | -€34,738 | -15.0% |
| Plant, machinery and equipment | 23 | €106,491 | €95,997 | -€10,494 | -9.9% |
| Furniture and vehicles | 24 | €20,474 | €11,346 | -€9,128 | -44.6% |
| Leasing and similar rights | 25 | €49,558 | €29,979 | -€19,578 | -39.5% |
| Other tangible fixed assets | 26 | €55,266 | €59,728 | +€4,463 | +8.1% |
| Financial fixed assets | 28 | €10,500 | €16,096 | +€5,596 | +53.3% |
| Current assets | 29/58 | €327,135 | €466,393 | +€139,259 | +42.6% |
| Stocks and contracts in progress | 3 | €75,000 | €170,450 | +€95,450 | +127% |
| Stocks | 30/36 | €75,000 | €170,450 | +€95,450 | +127% |
| Amounts receivable within one year | 40/41 | €170,623 | €249,961 | +€79,339 | +46.5% |
| Trade receivables | 40 | €154,717 | €204,774 | +€50,057 | +32.4% |
| Other amounts receivable | 41 | €15,906 | €45,187 | +€29,282 | +184% |
| Cash at bank and in hand | 54/58 | €72,823 | €40,156 | -€32,666 | -44.9% |
| Deferred charges and accrued income | 490/1 | €8,690 | €5,825 | -€2,864 | -33.0% |
| Total equity and liabilities | 10/49 | €588,163 | €695,779 | +€107,616 | +18.3% |
| Equity | 10/15 | €187,022 | €239,275 | +€52,253 | +27.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €185,022 | €185,022 | = | 0.0% |
| Distributable reserves | 133 | €185,022 | €185,022 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €52,253 | +€52,253 | |
| Amounts payable | 17/49 | €401,141 | €456,505 | +€55,364 | +13.8% |
| Amounts payable after more than one year | 17 | €103,184 | €67,896 | -€35,288 | -34.2% |
| Financial debts | 170/4 | €103,184 | €67,896 | -€35,288 | -34.2% |
| Amounts payable within one year | 42/48 | €297,957 | €388,609 | +€90,652 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €53,873 | €66,802 | +€12,929 | +24.0% |
| Financial debts | 43 | €90,000 | €150,000 | +€60,000 | +66.7% |
| Other loans | 439 | €90,000 | €150,000 | +€60,000 | +66.7% |
| Trade debts | 44 | €65,076 | €112,886 | +€47,810 | +73.5% |
| Suppliers | 440/4 | €65,076 | €112,886 | +€47,810 | +73.5% |
| Taxes, remuneration and social security | 45 | €80,258 | €47,672 | -€32,586 | -40.6% |
| Taxes | 450/3 | €56,722 | €16,996 | -€39,727 | -70.0% |
| Remuneration and social security | 454/9 | €23,536 | €30,676 | +€7,140 | +30.3% |
| Other amounts payable | 47/48 | €8,750 | €11,250 | +€2,499 | +28.6% |
| Non-recurring operating income | 76A | €0 | €2,859 | +€2,859 | |
| Remuneration, social security and pensions | 62 | €412,589 | €421,381 | +€8,792 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,007 | €77,294 | -€3,714 | -4.6% |
| Other operating charges | 640/8 | €2,637 | €8,145 | +€5,508 | +209% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €688,735 | €592,252 | -€96,483 | -14.0% |
| Operating profit (loss) | 9901 | €192,502 | €85,432 | -€107,070 | -55.6% |
| Financial income | 75/76B | €1,784 | €2,596 | +€812 | +45.5% |
| Recurring financial income | 75 | €32 | €2,596 | +€2,564 | +8,063% |
| Non-recurring financial income | 76B | €1,752 | - | -€1,752 | |
| Financial charges | 65/66B | €22,663 | €19,952 | -€2,711 | -12.0% |
| Recurring financial charges | 65 | €22,663 | €19,952 | -€2,711 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €171,623 | €68,076 | -€103,547 | -60.3% |
| Income taxes | 67/77 | €54,213 | €16,800 | -€37,413 | -69.0% |
| Profit (loss) for the period | 9904 | €117,411 | €51,276 | -€66,134 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €117,411 | €51,276 | -€66,134 | -56.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.