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 -€24,110
down €24,110 (-14.0%), from €171,944 to €147,834
- Tangible fixed assets -€12,971
down €12,971 (-3.3%), from €389,617 to €376,646
of which Land and buildings: -€12,082
- Debts after one year -€33,799
down €33,799 (-17.4%), from €194,374 to €160,575
- Tax, wage and social debts -€22,881
down €22,881 (-61.2%), from €37,367 to €14,485
- Reserves +€17,592
up €17,592 (+4.4%), from €395,448 to €413,039
of which Distributable reserves: +€19,452
- Trade debts +€11,806
up €11,806 (+529%), from €2,230 to €14,036
- Current portion of long-term debt -€8,017
down €8,017 (-32.2%), from €24,862 to €16,845
- Gross operating margin +€8,038
up €8,038 (+6.0%), from €134,259 to €142,296
- Depreciation +€7,960
up €7,960 (+27.1%), from €29,417 to €37,376
- Taxes +€6,249
up €6,249 (+24.0%), from €26,086 to €32,336
- Staff costs -€5,256
down €5,256 (-77.8%), from €6,756 to €1,500
From the 2022 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €676,022 | €639,441 | -€36,581 | -5.4% |
| Fixed assets | 21/28 | €390,337 | €376,646 | -€13,691 | -3.5% |
| Intangible fixed assets | 21 | €720 | - | -€720 | |
| Tangible fixed assets | 22/27 | €389,617 | €376,646 | -€12,971 | -3.3% |
| Land and buildings | 22 | €355,997 | €343,916 | -€12,082 | -3.4% |
| Plant, machinery and equipment | 23 | €11,759 | €15,381 | +€3,622 | +30.8% |
| Furniture and vehicles | 24 | €21,860 | €17,349 | -€4,512 | -20.6% |
| Current assets | 29/58 | €285,685 | €262,795 | -€22,889 | -8.0% |
| Amounts receivable within one year | 40/41 | €105,588 | €104,696 | -€892 | -0.8% |
| Trade receivables | 40 | €85,127 | €72,880 | -€12,248 | -14.4% |
| Other amounts receivable | 41 | €20,461 | €31,816 | +€11,355 | +55.5% |
| Cash at bank and in hand | 54/58 | €171,944 | €147,834 | -€24,110 | -14.0% |
| Deferred charges and accrued income | 490/1 | €8,153 | €10,266 | +€2,113 | +25.9% |
| Total equity and liabilities | 10/49 | €676,022 | €639,441 | -€36,581 | -5.4% |
| Equity | 10/15 | €414,048 | €433,499 | +€19,452 | +4.7% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €395,448 | €413,039 | +€17,592 | +4.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €393,588 | €413,039 | +€19,452 | +4.9% |
| Amounts payable | 17/49 | €261,974 | €205,942 | -€56,033 | -21.4% |
| Amounts payable after more than one year | 17 | €194,374 | €160,575 | -€33,799 | -17.4% |
| Financial debts | 170/4 | €194,374 | €160,575 | -€33,799 | -17.4% |
| Amounts payable within one year | 42/48 | €66,367 | €45,366 | -€21,001 | -31.6% |
| Current portion of amounts payable after more than one year | 42 | €24,862 | €16,845 | -€8,017 | -32.2% |
| Trade debts | 44 | €2,230 | €14,036 | +€11,806 | +529% |
| Suppliers | 440/4 | €2,230 | €14,036 | +€11,806 | +529% |
| Taxes, remuneration and social security | 45 | €37,367 | €14,485 | -€22,881 | -61.2% |
| Taxes | 450/3 | €37,367 | €14,485 | -€22,881 | -61.2% |
| Other amounts payable | 47/48 | €1,909 | - | -€1,909 | |
| Accrued charges and deferred income | 492/3 | €1,233 | - | -€1,233 | |
| Remuneration, social security and pensions | 62 | €6,756 | €1,500 | -€5,256 | -77.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,417 | €37,376 | +€7,960 | +27.1% |
| Other operating charges | 640/8 | €2,812 | €3,075 | +€263 | +9.3% |
| Gross operating margin | 9900 | €134,259 | €142,296 | +€8,038 | +6.0% |
| Operating profit (loss) | 9901 | €95,273 | €100,345 | +€5,071 | +5.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -97.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -97.7% |
| Financial charges | 65/66B | €3,612 | €3,162 | -€449 | -12.4% |
| Recurring financial charges | 65 | €3,612 | €3,037 | -€574 | -15.9% |
| Non-recurring financial charges | 66B | - | €125 | +€125 | |
| Profit (loss) for the period before taxes | 9903 | €91,662 | €97,182 | +€5,520 | +6.0% |
| Income taxes | 67/77 | €26,086 | €32,336 | +€6,249 | +24.0% |
| Profit (loss) for the period | 9904 | €65,576 | €64,847 | -€729 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,576 | €64,847 | -€729 | -1.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.