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 -€35,263
down €35,263 (-7.0%), from €504,138 to €468,875
of which Land and buildings: -€35,717
- Receivables within one year +€28,966
up €28,966 (+56.2%), from €51,586 to €80,552
of which Other amounts receivable: +€17,533
- Cash -€10,747
down €10,747 (-28.0%), from €38,377 to €27,630
mainly Contributions, distributions and other (-€117,836) and Debts after one year (-€37,135)
- Reserves +€60,000
up €60,000 (+59.6%), from €100,620 to €160,620
- Debts after one year -€37,135
down €37,135 (-13.9%), from €267,735 to €230,600
- Trade debts -€20,116
down €20,116 (-64.2%), from €31,353 to €11,237
- Profit (loss) carried forward -€18,414
no longer reported in 2025 (was €18,414)
- Gross operating margin +€77,561
up €77,561 (+25.1%), from €309,482 to €387,043
- Taxes +€19,918
up €19,918 (+53.0%), from €37,549 to €57,467
- Financial charges +€10,934
up €10,934 (+22.5%), from €48,543 to €59,477
- Staff costs +€9,951
up €9,951 (+20.3%), from €48,935 to €58,886
- Depreciation +€3,985
up €3,985 (+8.6%), from €46,303 to €50,288
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 | €596,755 | €581,282 | -€15,473 | -2.6% |
| Fixed assets | 21/28 | €504,138 | €468,875 | -€35,263 | -7.0% |
| Tangible fixed assets | 22/27 | €504,138 | €468,875 | -€35,263 | -7.0% |
| Land and buildings | 22 | €450,797 | €415,080 | -€35,717 | -7.9% |
| Plant, machinery and equipment | 23 | €117 | €2,420 | +€2,303 | +1,968% |
| Furniture and vehicles | 24 | €53,224 | €51,376 | -€1,849 | -3.5% |
| Current assets | 29/58 | €92,617 | €112,407 | +€19,790 | +21.4% |
| Amounts receivable within one year | 40/41 | €51,586 | €80,552 | +€28,966 | +56.2% |
| Trade receivables | 40 | €10,928 | €22,361 | +€11,433 | +105% |
| Other amounts receivable | 41 | €40,658 | €58,191 | +€17,533 | +43.1% |
| Cash at bank and in hand | 54/58 | €38,377 | €27,630 | -€10,747 | -28.0% |
| Deferred charges and accrued income | 490/1 | €2,654 | €4,225 | +€1,571 | +59.2% |
| Total equity and liabilities | 10/49 | €596,755 | €581,282 | -€15,473 | -2.6% |
| Equity | 10/15 | €131,434 | €173,020 | +€41,586 | +31.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €100,620 | €160,620 | +€60,000 | +59.6% |
| Distributable reserves | 133 | €100,620 | €160,620 | +€60,000 | +59.6% |
| Profit (loss) carried forward | 14 | €18,414 | - | -€18,414 | |
| Amounts payable | 17/49 | €465,321 | €408,262 | -€57,059 | -12.3% |
| Amounts payable after more than one year | 17 | €267,735 | €230,600 | -€37,135 | -13.9% |
| Financial debts | 170/4 | €267,735 | €230,600 | -€37,135 | -13.9% |
| Amounts payable within one year | 42/48 | €197,586 | €177,662 | -€19,924 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €36,466 | €37,134 | +€668 | +1.8% |
| Trade debts | 44 | €31,353 | €11,237 | -€20,116 | -64.2% |
| Suppliers | 440/4 | €31,353 | €11,237 | -€20,116 | -64.2% |
| Taxes, remuneration and social security | 45 | €13,043 | €10,264 | -€2,779 | -21.3% |
| Taxes | 450/3 | €7,143 | €4,016 | -€3,127 | -43.8% |
| Remuneration and social security | 454/9 | €5,900 | €6,248 | +€348 | +5.9% |
| Other amounts payable | 47/48 | €116,724 | €119,027 | +€2,303 | +2.0% |
| Non-recurring operating income | 76A | - | €689 | +€689 | |
| Remuneration, social security and pensions | 62 | €48,935 | €58,886 | +€9,951 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,303 | €50,288 | +€3,985 | +8.6% |
| Other operating charges | 640/8 | €5,116 | €1,757 | -€3,360 | -65.7% |
| Non-recurring operating charges | 66A | €4,480 | - | -€4,480 | |
| Gross operating margin | 9900 | €309,482 | €387,043 | +€77,561 | +25.1% |
| Operating profit (loss) | 9901 | €204,648 | €276,113 | +€71,465 | +34.9% |
| Financial income | 75/76B | €601 | €252 | -€349 | -58.0% |
| Recurring financial income | 75 | €601 | €252 | -€349 | -58.0% |
| Financial charges | 65/66B | €48,543 | €59,477 | +€10,934 | +22.5% |
| Recurring financial charges | 65 | €48,543 | €59,477 | +€10,934 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €156,706 | €216,889 | +€60,183 | +38.4% |
| Income taxes | 67/77 | €37,549 | €57,467 | +€19,918 | +53.0% |
| Profit (loss) for the period | 9904 | €119,157 | €159,422 | +€40,265 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €119,157 | €159,422 | +€40,265 | +33.8% |
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 16 October 2026 via checked.be.