Studio Modar: 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.
Studio Modar
Largest movements
- Tangible fixed assets -€7,236
down €7,236 (-9.0%), from €80,536 to €73,300
of which Leasing and similar rights: -€4,139
- Cash +€5,238
up €5,238 (+34.3%), from €15,271 to €20,509
mainly Depreciation (+€7,606) and Net result for the year (+€7,579)
- Receivables within one year +€1,215
up €1,215 (+23.3%), from €5,210 to €6,424
of which Trade receivables: +€1,298
- Deferred charges and accrued income -€1,191
down €1,191 (-55.8%), from €2,133 to €943
- Other debts -€15,433
down €15,433 (-19.8%), from €78,013 to €62,580
- Profit (loss) carried forward +€7,579
up €7,579 (+77.1%), from €9,836 to €17,415
- Tax, wage and social debts +€5,560
up €5,560 (+54.7%), from €10,156 to €15,716
of which Taxes: +€5,710
- Depreciation +€2,655
up €2,655 (+53.6%), from €4,950 to €7,606
- Financial charges +€932
up €932 (+791%), from €118 to €1,049
- Taxes -€748
down €748 (-15.1%), from €4,956 to €4,208
- Other operating charges -€334
down €334 (-14.2%), from €2,343 to €2,009
- Gross operating margin +€247
up €247 (+1.1%), from €22,203 to €22,451
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 | €103,519 | €101,176 | -€2,344 | -2.3% |
| Formation expenses | 20 | €370 | €0 | -€370 | -100% |
| Fixed assets | 21/28 | €80,536 | €73,300 | -€7,236 | -9.0% |
| Tangible fixed assets | 22/27 | €80,536 | €73,300 | -€7,236 | -9.0% |
| Land and buildings | 22 | €74,786 | €71,689 | -€3,097 | -4.1% |
| Leasing and similar rights | 25 | €5,749 | €1,610 | -€4,139 | -72.0% |
| Current assets | 29/58 | €22,614 | €27,876 | +€5,262 | +23.3% |
| Amounts receivable within one year | 40/41 | €5,210 | €6,424 | +€1,215 | +23.3% |
| Trade receivables | 40 | €5,026 | €6,325 | +€1,298 | +25.8% |
| Other amounts receivable | 41 | €183 | €99 | -€84 | -45.7% |
| Cash at bank and in hand | 54/58 | €15,271 | €20,509 | +€5,238 | +34.3% |
| Deferred charges and accrued income | 490/1 | €2,133 | €943 | -€1,191 | -55.8% |
| Total equity and liabilities | 10/49 | €103,519 | €101,176 | -€2,344 | -2.3% |
| Equity | 10/15 | €12,836 | €20,415 | +€7,579 | +59.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,836 | €17,415 | +€7,579 | +77.1% |
| Amounts payable | 17/49 | €90,683 | €80,761 | -€9,922 | -10.9% |
| Amounts payable within one year | 42/48 | €90,683 | €80,611 | -€10,072 | -11.1% |
| Trade debts | 44 | €2,515 | €2,314 | -€200 | -8.0% |
| Suppliers | 440/4 | €2,515 | €2,314 | -€200 | -8.0% |
| Taxes, remuneration and social security | 45 | €10,156 | €15,716 | +€5,560 | +54.7% |
| Taxes | 450/3 | €8,656 | €14,366 | +€5,710 | +66.0% |
| Remuneration and social security | 454/9 | €1,500 | €1,350 | -€150 | -10.0% |
| Other amounts payable | 47/48 | €78,013 | €62,580 | -€15,433 | -19.8% |
| Accrued charges and deferred income | 492/3 | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,950 | €7,606 | +€2,655 | +53.6% |
| Other operating charges | 640/8 | €2,343 | €2,009 | -€334 | -14.2% |
| Gross operating margin | 9900 | €22,203 | €22,451 | +€247 | +1.1% |
| Operating profit (loss) | 9901 | €14,910 | €12,836 | -€2,074 | -13.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1,075% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,075% |
| Financial charges | 65/66B | €118 | €1,049 | +€932 | +791% |
| Recurring financial charges | 65 | €118 | €1,049 | +€932 | +791% |
| Profit (loss) for the period before taxes | 9903 | €14,792 | €11,787 | -€3,005 | -20.3% |
| Income taxes | 67/77 | €4,956 | €4,208 | -€748 | -15.1% |
| Profit (loss) for the period | 9904 | €9,836 | €7,579 | -€2,257 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,836 | €7,579 | -€2,257 | -22.9% |
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 13 October 2026 via checked.be.