Modus Vivendi Projects: 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 Projects
Largest movements
- Cash +€125,557
up €125,557 (+293%), from €42,794 to €168,350
mainly Other debts (+€175,000) and Net result for the year (+€107,006)
- Tangible fixed assets +€84,210
up €84,210 (+8.4%), from €999,742 to €1.1m
of which Furniture and vehicles: +€96,506
- Other debts +€175,000
up €175,000 (+96.6%), from €181,099 to €356,099
- Profit (loss) carried forward +€107,006
up €107,006 (+15.0%), from €713,342 to €820,349
- Debts after one year -€35,000
down €35,000 (-35.3%), from €99,166 to €64,166
- Tax, wage and social debts -€34,435
down €34,435 (-82.1%), from €41,952 to €7,516
- Gross operating margin +€36,587
up €36,587 (+27.7%), from €131,924 to €168,511
- Taxes +€4,477
up €4,477 (+21.3%), from €20,996 to €25,473
- Depreciation -€1,930
down €1,930 (-6.2%), from €31,283 to €29,354
From the 2023 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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,081,673 | €1,295,135 | +€213,462 | +19.7% |
| Fixed assets | 21/28 | €999,742 | €1,083,952 | +€84,210 | +8.4% |
| Tangible fixed assets | 22/27 | €999,742 | €1,083,952 | +€84,210 | +8.4% |
| Land and buildings | 22 | €996,967 | €985,173 | -€11,794 | -1.2% |
| Plant, machinery and equipment | 23 | €754 | €253 | -€501 | -66.5% |
| Furniture and vehicles | 24 | €2,020 | €98,526 | +€96,506 | +4,777% |
| Current assets | 29/58 | €81,932 | €211,184 | +€129,252 | +158% |
| Amounts receivable within one year | 40/41 | €37,960 | €37,722 | -€239 | -0.6% |
| Trade receivables | 40 | €36,300 | €35,695 | -€605 | -1.7% |
| Other amounts receivable | 41 | €1,660 | €2,027 | +€366 | +22.1% |
| Cash at bank and in hand | 54/58 | €42,794 | €168,350 | +€125,557 | +293% |
| Deferred charges and accrued income | 490/1 | €1,178 | €5,112 | +€3,934 | +334% |
| Total equity and liabilities | 10/49 | €1,081,673 | €1,295,135 | +€213,462 | +19.7% |
| Equity | 10/15 | €721,402 | €828,409 | +€107,006 | +14.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €713,342 | €820,349 | +€107,006 | +15.0% |
| Amounts payable | 17/49 | €360,271 | €466,727 | +€106,456 | +29.5% |
| Amounts payable after more than one year | 17 | €99,166 | €64,166 | -€35,000 | -35.3% |
| Financial debts | 170/4 | €99,166 | €64,166 | -€35,000 | -35.3% |
| Amounts payable within one year | 42/48 | €260,667 | €402,329 | +€141,662 | +54.3% |
| Current portion of amounts payable after more than one year | 42 | €35,000 | €35,000 | = | 0.0% |
| Trade debts | 44 | €2,616 | €3,714 | +€1,098 | +42.0% |
| Suppliers | 440/4 | €2,616 | €3,714 | +€1,098 | +42.0% |
| Taxes, remuneration and social security | 45 | €41,952 | €7,516 | -€34,435 | -82.1% |
| Taxes | 450/3 | €41,952 | €7,516 | -€34,435 | -82.1% |
| Other amounts payable | 47/48 | €181,099 | €356,099 | +€175,000 | +96.6% |
| Accrued charges and deferred income | 492/3 | €437 | €231 | -€206 | -47.2% |
| Non-recurring operating income | 76A | - | €32,250 | +€32,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,283 | €29,354 | -€1,930 | -6.2% |
| Other operating charges | 640/8 | €4,766 | €4,256 | -€510 | -10.7% |
| Gross operating margin | 9900 | €131,924 | €168,511 | +€36,587 | +27.7% |
| Operating profit (loss) | 9901 | €95,875 | €134,901 | +€39,026 | +40.7% |
| Financial income | 75/76B | €45 | €110 | +€65 | +144% |
| Recurring financial income | 75 | €45 | €110 | +€65 | +144% |
| Financial charges | 65/66B | €3,008 | €2,532 | -€476 | -15.8% |
| Recurring financial charges | 65 | €3,008 | €2,532 | -€476 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €92,912 | €132,480 | +€39,568 | +42.6% |
| Income taxes | 67/77 | €20,996 | €25,473 | +€4,477 | +21.3% |
| Profit (loss) for the period | 9904 | €71,916 | €107,006 | +€35,090 | +48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €71,916 | €107,006 | +€35,090 | +48.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.