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
- Cash +€49,882
up €49,882 (+82.4%), from €60,501 to €110,384
mainly Tax, wage and social debts (+€50,673) and Current portion of long-term debt (+€17,422)
- Tangible fixed assets +€26,406
up €26,406 (+921%), from €2,868 to €29,273
of which Plant, machinery and equipment: +€16,790
- Receivables within one year -€6,171
down €6,171 (-73.3%), from €8,420 to €2,250
of which Trade receivables: -€6,171
- Tax, wage and social debts +€50,673
up €50,673 (+163%), from €31,101 to €81,775
of which Remuneration and social security: +€42,845
- Current portion of long-term debt +€17,422
up €17,422 (+147%), from €11,892 to €29,314
- Profit (loss) carried forward +€3,623
up €3,623 (+39.8%), from -€9,095 to -€5,473
- Trade debts -€2,963
down €2,963 (-12.2%), from €24,252 to €21,289
- Staff costs +€54,754
up €54,754 (+12.7%), from €430,153 to €484,907
- Gross operating margin +€22,561
up €22,561 (+4.8%), from €471,270 to €493,831
- Other operating charges -€8,526
down €8,526 (-77.1%), from €11,059 to €2,534
- Financial income +€6,613
up €6,613 (+2,189%), from €302 to €6,915
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 | €84,800 | €153,779 | +€68,979 | +81.3% |
| Fixed assets | 21/28 | €7,567 | €33,045 | +€25,478 | +337% |
| Intangible fixed assets | 21 | €3,118 | €2,190 | -€927 | -29.7% |
| Tangible fixed assets | 22/27 | €2,868 | €29,273 | +€26,406 | +921% |
| Plant, machinery and equipment | 23 | €1,735 | €18,525 | +€16,790 | +968% |
| Furniture and vehicles | 24 | €1,132 | €10,748 | +€9,616 | +849% |
| Financial fixed assets | 28 | €1,581 | €1,581 | = | 0.0% |
| Current assets | 29/58 | €77,233 | €120,734 | +€43,501 | +56.3% |
| Stocks and contracts in progress | 3 | €7,514 | €8,064 | +€550 | +7.3% |
| Stocks | 30/36 | €7,514 | €8,064 | +€550 | +7.3% |
| Amounts receivable within one year | 40/41 | €8,420 | €2,250 | -€6,171 | -73.3% |
| Trade receivables | 40 | €8,322 | €2,151 | -€6,171 | -74.1% |
| Other amounts receivable | 41 | €98 | €98 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €60,501 | €110,384 | +€49,882 | +82.4% |
| Deferred charges and accrued income | 490/1 | €798 | €37 | -€761 | -95.4% |
| Total equity and liabilities | 10/49 | €84,800 | €153,779 | +€68,979 | +81.3% |
| Equity | 10/15 | €15,446 | €19,069 | +€3,623 | +23.5% |
| Contributions | 10/11 | €22,310 | €22,310 | = | 0.0% |
| Reserves | 13 | €2,231 | €2,231 | = | 0.0% |
| Distributable reserves | 133 | €2,231 | €2,231 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,095 | -€5,473 | +€3,623 | +39.8% |
| Amounts payable | 17/49 | €69,353 | €134,710 | +€65,357 | +94.2% |
| Amounts payable within one year | 42/48 | €69,353 | €134,710 | +€65,357 | +94.2% |
| Current portion of amounts payable after more than one year | 42 | €11,892 | €29,314 | +€17,422 | +147% |
| Trade debts | 44 | €24,252 | €21,289 | -€2,963 | -12.2% |
| Suppliers | 440/4 | €24,252 | €21,289 | -€2,963 | -12.2% |
| Taxes, remuneration and social security | 45 | €31,101 | €81,775 | +€50,673 | +163% |
| Taxes | 450/3 | €6,568 | €14,397 | +€7,828 | +119% |
| Remuneration and social security | 454/9 | €24,533 | €67,378 | +€42,845 | +175% |
| Other amounts payable | 47/48 | €2,108 | €2,332 | +€224 | +10.6% |
| Remuneration, social security and pensions | 62 | €430,153 | €484,907 | +€54,754 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,248 | €5,476 | +€2,228 | +68.6% |
| Other operating charges | 640/8 | €11,059 | €2,534 | -€8,526 | -77.1% |
| Non-recurring operating charges | 66A | €100 | - | -€100 | |
| Gross operating margin | 9900 | €471,270 | €493,831 | +€22,561 | +4.8% |
| Operating profit (loss) | 9901 | €26,710 | €915 | -€25,795 | -96.6% |
| Financial income | 75/76B | €302 | €6,915 | +€6,613 | +2,189% |
| Recurring financial income | 75 | €302 | €6,915 | +€6,613 | +2,189% |
| Financial charges | 65/66B | €2,760 | €1,990 | -€770 | -27.9% |
| Recurring financial charges | 65 | €1,410 | €1,990 | +€580 | +41.1% |
| Non-recurring financial charges | 66B | €1,350 | - | -€1,350 | |
| Profit (loss) for the period before taxes | 9903 | €24,252 | €5,841 | -€18,411 | -75.9% |
| Income taxes | 67/77 | €188 | €2,218 | +€2,031 | +1,083% |
| Profit (loss) for the period | 9904 | €24,065 | €3,623 | -€20,442 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,065 | €3,623 | -€20,442 | -84.9% |
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 28 October 2026 via checked.be.