MODYVA: 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.
What changed
MODYVA
NACE 72.109, Other research and development on natural sciences
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€91,053
2024 · €93,863-€2,809
Equity
€687,562
2024 · €596,508+€91,053
Cash
€402,208
2024 · €348,470+€53,738
Balance sheet total
€1.1m
2024 · €1.0m+€51,551
Largest movements
Assets
- Receivables within one year +€56,462
up €56,462 (+19.5%), from €290,284 to €346,746
of which Trade receivables: +€56,469
- Cash +€53,738
up €53,738 (+15.4%), from €348,470 to €402,208
mainly Net result for the year (+€91,053) and Depreciation (+€88,528)
- Tangible fixed assets -€51,093
down €51,093 (-16.2%), from €315,848 to €264,755
of which Plant, machinery and equipment: -€34,170
- Intangible fixed assets -€14,419
down €14,419 (-28.9%), from €49,959 to €35,540
Equity and liabilities
- Profit (loss) carried forward +€100,159
up €100,159 (+22.2%), from €450,436 to €550,594
- Current portion of long-term debt -€33,731
no longer reported in 2025 (was €33,731)
Income statement
- Turnover -€136,680
down €136,680 (-10.2%), from €1.3m to €1.2m
- Other operating income +€103,481
up €103,481 (+350.3%), from €29,541 to €133,021
- Services and other goods -€67,138
down €67,138 (-13.0%), from €518,375 to €451,237
- Staff costs +€30,905
up €30,905 (+4.7%), from €662,794 to €693,699
- Write-downs -€14,635
down €14,635 (-86.3%), from -€16,958 to -€31,593
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.
Result 2024
€93,863
Turnover
-€136,680
Other operating income
+€103,481
Services and other goods
+€67,138
Staff costs
-€30,905
Depreciation
-€11,369
Write-downs
+€14,635
Other operating charges
-€2,946
Other operating items
-€4,600
Financial income
-€9,393
Financial charges
+€1,381
Taxes
+€6,538
Deferred taxes and other
-€89
Result 2025
€91,053
Cash bridge derived
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.
From operations
+€110,486
Investment
-€23,016
Financing
-€33,731
Cash 2024
€348,470
From operations (derived)
+€110,486
Net result for the year
+€91,053
Depreciation
+€88,528
Receivables within one year
-€56,462
Deferred charges and accrued income
-€6,862
Provisions
-€3,035
Trade debts
-€5,029
Tax, wage and social debts
-€4,567
Accrued charges and deferred income
+€6,860
Investment (derived)
-€23,016
Investment in fixed assets (net)
-€23,016
Financing
-€33,731
Current portion of long-term debt
-€33,731
Cash 2025
€402,208
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,014,216 | €1,065,767 | +€51,551 | +5.1% |
| Fixed assets | 21/28 | €365,807 | €300,295 | -€65,512 | -17.9% |
| Intangible fixed assets | 21 | €49,959 | €35,540 | -€14,419 | -28.9% |
| Tangible fixed assets | 22/27 | €315,848 | €264,755 | -€51,093 | -16.2% |
| Plant, machinery and equipment | 23 | €122,202 | €88,032 | -€34,170 | -28.0% |
| Furniture and vehicles | 24 | €75,461 | €74,517 | -€944 | -1.3% |
| Other tangible fixed assets | 26 | €118,185 | €102,206 | -€15,979 | -13.5% |
| Current assets | 29/58 | €648,410 | €765,472 | +€117,063 | +18.1% |
| Amounts receivable within one year | 40/41 | €290,284 | €346,746 | +€56,462 | +19.5% |
| Trade receivables | 40 | €290,277 | €346,746 | +€56,469 | +19.5% |
| Other amounts receivable | 41 | €6 | - | -€6 | |
| Cash at bank and in hand | 54/58 | €348,470 | €402,208 | +€53,738 | +15.4% |
| Deferred charges and accrued income | 490/1 | €9,655 | €16,517 | +€6,862 | +71.1% |
| Total equity and liabilities | 10/49 | €1,014,216 | €1,065,767 | +€51,551 | +5.1% |
| Equity | 10/15 | €596,508 | €687,562 | +€91,053 | +15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €127,473 | €118,367 | -€9,105 | -7.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €61,026 | €51,921 | -€9,105 | -14.9% |
| Distributable reserves | 133 | €64,586 | €64,586 | = | 0.0% |
| Profit (loss) carried forward | 14 | €450,436 | €550,594 | +€100,159 | +22.2% |
| Provisions and deferred taxes | 16 | €22,384 | €19,348 | -€3,035 | -13.6% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €5,000 | €5,000 | = | 0.0% |
| Deferred taxes | 168 | €17,384 | €14,348 | -€3,035 | -17.5% |
| Amounts payable | 17/49 | €395,324 | €358,857 | -€36,467 | -9.2% |
| Amounts payable within one year | 42/48 | €395,324 | €351,997 | -€43,327 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €33,731 | - | -€33,731 | |
| Trade debts | 44 | €152,041 | €147,012 | -€5,029 | -3.3% |
| Suppliers | 440/4 | €152,041 | €147,012 | -€5,029 | -3.3% |
| Taxes, remuneration and social security | 45 | €209,552 | €204,985 | -€4,567 | -2.2% |
| Taxes | 450/3 | €129,927 | €113,132 | -€16,795 | -12.9% |
| Remuneration and social security | 454/9 | €79,625 | €91,853 | +€12,228 | +15.4% |
| Accrued charges and deferred income | 492/3 | - | €6,860 | +€6,860 | |
| Operating income | 70/76A | €1,372,479 | €1,334,680 | -€37,799 | -2.8% |
| Turnover | 70 | €1,338,339 | €1,201,659 | -€136,680 | -10.2% |
| Other operating income | 74 | €29,541 | €133,021 | +€103,481 | +350.3% |
| Non-recurring operating income | 76A | €4,600 | - | -€4,600 | |
| Operating charges | 60/66A | €1,243,052 | €1,206,499 | -€36,553 | -2.9% |
| Services and other goods | 61 | €518,375 | €451,237 | -€67,138 | -13.0% |
| Remuneration, social security and pensions | 62 | €662,794 | €693,699 | +€30,905 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,158 | €88,528 | +€11,369 | +14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€16,958 | -€31,593 | -€14,635 | -86.3% |
| Other operating charges | 640/8 | €1,683 | €4,628 | +€2,946 | +175.0% |
| Operating profit (loss) | 9901 | €129,427 | €128,181 | -€1,246 | -1.0% |
| Financial income | 75/76B | €10,570 | €1,176 | -€9,393 | -88.9% |
| Recurring financial income | 75 | €10,570 | €1,176 | -€9,393 | -88.9% |
| Other financial income | 752/9 | €10,570 | €1,176 | -€9,393 | -88.9% |
| Financial charges | 65/66B | €2,684 | €1,303 | -€1,381 | -51.5% |
| Recurring financial charges | 65 | €2,684 | €1,303 | -€1,381 | -51.5% |
| Other financial charges | 652/9 | €2,684 | €1,303 | -€1,381 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | €137,313 | €128,054 | -€9,258 | -6.7% |
| Transfer from deferred taxes | 780 | €3,124 | €3,035 | -€89 | -2.8% |
| Income taxes | 67/77 | €46,574 | €40,036 | -€6,538 | -14.0% |
| Taxes | 670/3 | €49,833 | €43,797 | -€6,035 | -12.1% |
| Tax adjustments and reversals of tax provisions | 77 | €3,259 | €3,761 | +€502 | +15.4% |
| Profit (loss) for the period | 9904 | €93,863 | €91,053 | -€2,809 | -3.0% |
| Transfer from tax-exempt reserves | 789 | €9,372 | €9,105 | -€267 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €103,235 | €100,159 | -€3,076 | -3.0% |
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 11 October 2026 via checked.be.