MODUS VIVENDI: 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.
MODUS VIVENDI
Largest movements
- Tangible fixed assets -€12,333
down €12,333 (-17.5%), from €70,364 to €58,031
of which Plant, machinery and equipment: -€6,532
- Receivables within one year +€2,648
up €2,648 (+68.7%), from €3,853 to €6,500
of which Trade receivables: +€3,245
- Cash +€1,036
up €1,036 (+56.5%), from €1,835 to €2,872
mainly Depreciation (+€12,333) and Trade debts (+€8,039)
- Deferred charges and accrued income -€1,008
down €1,008 (-30.6%), from €3,293 to €2,285
- Profit (loss) carried forward -€17,332
down €17,332 (-3.9%), from -€448,085 to -€465,418
- Trade debts +€8,039
up €8,039 (+17.7%), from €45,535 to €53,574
- Advances received -€1,500
down €1,500 (-57.4%), from €2,611 to €1,111
- Other debts +€1,500
up €1,500 (+1.9%), from €78,976 to €80,476
- Gross operating margin -€19,210
down €19,210 (-80.2%), from €23,967 to €4,756
- Depreciation +€12,333
new in 2025: €12,333
- Staff costs -€7,027
no longer reported in 2025 (was €7,027)
- Other operating charges -€297
down €297 (-3.1%), from €9,645 to €9,348
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 | €97,673 | €87,487 | -€10,186 | -10.4% |
| Fixed assets | 21/28 | €88,692 | €75,830 | -€12,862 | -14.5% |
| Tangible fixed assets | 22/27 | €70,364 | €58,031 | -€12,333 | -17.5% |
| Land and buildings | 22 | €14,794 | €9,526 | -€5,268 | -35.6% |
| Plant, machinery and equipment | 23 | €55,016 | €48,484 | -€6,532 | -11.9% |
| Furniture and vehicles | 24 | €554 | €21 | -€533 | -96.2% |
| Financial fixed assets | 28 | €18,328 | €17,799 | -€528 | -2.9% |
| Current assets | 29/58 | €8,981 | €11,656 | +€2,676 | +29.8% |
| Amounts receivable within one year | 40/41 | €3,853 | €6,500 | +€2,648 | +68.7% |
| Trade receivables | 40 | €94 | €3,339 | +€3,245 | +3,467% |
| Other amounts receivable | 41 | €3,759 | €3,161 | -€598 | -15.9% |
| Cash at bank and in hand | 54/58 | €1,835 | €2,872 | +€1,036 | +56.5% |
| Deferred charges and accrued income | 490/1 | €3,293 | €2,285 | -€1,008 | -30.6% |
| Total equity and liabilities | 10/49 | €97,673 | €87,487 | -€10,186 | -10.4% |
| Equity | 10/15 | -€29,450 | -€47,717 | -€18,267 | -62.0% |
| Contributions | 10/11 | €417,701 | €417,701 | = | 0.0% |
| Capital | 10 | €417,701 | €417,701 | = | 0.0% |
| Issued capital | 100 | €417,701 | €417,701 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€448,085 | -€465,418 | -€17,332 | -3.9% |
| Investment grants | 15 | €935 | - | -€935 | |
| Amounts payable | 17/49 | €127,123 | €135,204 | +€8,081 | +6.4% |
| Amounts payable within one year | 42/48 | €127,123 | €135,204 | +€8,081 | +6.4% |
| Trade debts | 44 | €45,535 | €53,574 | +€8,039 | +17.7% |
| Suppliers | 440/4 | €45,535 | €53,574 | +€8,039 | +17.7% |
| Advances received on contracts in progress | 46 | €2,611 | €1,111 | -€1,500 | -57.4% |
| Taxes, remuneration and social security | 45 | - | €42 | +€42 | |
| Taxes | 450/3 | - | €42 | +€42 | |
| Other amounts payable | 47/48 | €78,976 | €80,476 | +€1,500 | +1.9% |
| Remuneration, social security and pensions | 62 | €7,027 | - | -€7,027 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €12,333 | +€12,333 | |
| Other operating charges | 640/8 | €9,645 | €9,348 | -€297 | -3.1% |
| Gross operating margin | 9900 | €23,967 | €4,756 | -€19,210 | -80.2% |
| Operating profit (loss) | 9901 | €7,294 | -€16,925 | -€24,219 | |
| Financial income | 75/76B | €1,009 | €952 | -€58 | -5.7% |
| Recurring financial income | 75 | €1,009 | €952 | -€58 | -5.7% |
| Financial charges | 65/66B | €1,124 | €1,359 | +€235 | +20.9% |
| Recurring financial charges | 65 | €1,124 | €1,359 | +€235 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €7,179 | -€17,332 | -€24,511 | |
| Profit (loss) for the period | 9904 | €7,179 | -€17,332 | -€24,511 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,179 | -€17,332 | -€24,511 |
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 14 October 2026 via checked.be.