TEXTI MODA: 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.
TEXTI MODA
Largest movements
- Cash +€227,764
up €227,764 (+2,425%), from €9,394 to €237,158
mainly Current investments (+€172,125) and Stocks and contracts (+€21,265)
- Current investments -€172,125
down €172,125 (-53.4%), from €322,125 to €150,000
- Stocks and contracts -€21,265
down €21,265 (-38.1%), from €55,880 to €34,615
- Receivables within one year -€15,819
down €15,819 (-31.5%), from €50,187 to €34,369
of which Trade receivables: -€25,737
- Tangible fixed assets -€5,843
down €5,843 (-23.1%), from €25,270 to €19,427
- Reserves +€8,453
up €8,453 (+3.2%), from €265,146 to €273,598
of which Distributable reserves: +€8,453
- Gross operating margin -€28,401
down €28,401 (-45.6%), from €62,347 to €33,946
- Taxes -€14,860
down €14,860 (-70.7%), from €21,012 to €6,152
- Write-downs +€8,280
up €8,280, from -€2,932 to €5,349
- Depreciation +€3,677
up €3,677 (+170%), from €2,166 to €5,843
- Financial income -€1,887
down €1,887 (-29.8%), from €6,342 to €4,455
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 | €470,888 | €479,706 | +€8,817 | +1.9% |
| Fixed assets | 21/28 | €25,388 | €19,544 | -€5,843 | -23.0% |
| Tangible fixed assets | 22/27 | €25,270 | €19,427 | -€5,843 | -23.1% |
| Furniture and vehicles | 24 | €25,270 | €19,427 | -€5,843 | -23.1% |
| Financial fixed assets | 28 | €117 | €117 | = | 0.0% |
| Current assets | 29/58 | €445,501 | €460,161 | +€14,661 | +3.3% |
| Stocks and contracts in progress | 3 | €55,880 | €34,615 | -€21,265 | -38.1% |
| Stocks | 30/36 | €55,880 | €34,615 | -€21,265 | -38.1% |
| Amounts receivable within one year | 40/41 | €50,187 | €34,369 | -€15,819 | -31.5% |
| Trade receivables | 40 | €39,141 | €13,403 | -€25,737 | -65.8% |
| Other amounts receivable | 41 | €11,047 | €20,965 | +€9,919 | +89.8% |
| Current investments | 50/53 | €322,125 | €150,000 | -€172,125 | -53.4% |
| Cash at bank and in hand | 54/58 | €9,394 | €237,158 | +€227,764 | +2,425% |
| Deferred charges and accrued income | 490/1 | €7,915 | €4,020 | -€3,895 | -49.2% |
| Total equity and liabilities | 10/49 | €470,888 | €479,706 | +€8,817 | +1.9% |
| Equity | 10/15 | €327,246 | €335,698 | +€8,453 | +2.6% |
| Contributions | 10/11 | €62,100 | €62,100 | = | 0.0% |
| Capital | 10 | €62,100 | €62,100 | = | 0.0% |
| Issued capital | 100 | €62,100 | €62,100 | = | 0.0% |
| Reserves | 13 | €265,146 | €273,598 | +€8,453 | +3.2% |
| Non-distributable reserves | 130/1 | €9,263 | €9,263 | = | 0.0% |
| Legal reserve | 130 | €6,210 | €6,210 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,053 | €3,053 | = | 0.0% |
| Distributable reserves | 133 | €255,882 | €264,335 | +€8,453 | +3.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €77,391 | €77,391 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €77,391 | €77,391 | = | 0.0% |
| Pensions and similar obligations | 160 | €77,391 | €77,391 | = | 0.0% |
| Amounts payable | 17/49 | €66,252 | €66,617 | +€364 | +0.6% |
| Amounts payable within one year | 42/48 | €66,190 | €66,553 | +€364 | +0.5% |
| Financial debts | 43 | €7 | €0 | -€7 | -100% |
| Credit institutions | 430/8 | €7 | €0 | -€7 | -100% |
| Trade debts | 44 | €11,248 | €14,267 | +€3,019 | +26.8% |
| Suppliers | 440/4 | €11,248 | €14,267 | +€3,019 | +26.8% |
| Taxes, remuneration and social security | 45 | €715 | €1,446 | +€731 | +102% |
| Taxes | 450/3 | €715 | €1,446 | +€731 | +102% |
| Other amounts payable | 47/48 | €54,219 | €50,841 | -€3,379 | -6.2% |
| Accrued charges and deferred income | 492/3 | €63 | €63 | +€1 | +1.3% |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,166 | €5,843 | +€3,677 | +170% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,932 | €5,349 | +€8,280 | |
| Other operating charges | 640/8 | €3,937 | €4,934 | +€997 | +25.3% |
| Non-recurring operating charges | 66A | - | €1,832 | +€1,832 | |
| Gross operating margin | 9900 | €62,347 | €33,946 | -€28,401 | -45.6% |
| Operating profit (loss) | 9901 | €59,175 | €15,988 | -€43,187 | -73.0% |
| Financial income | 75/76B | €6,342 | €4,455 | -€1,887 | -29.8% |
| Recurring financial income | 75 | €6,342 | €4,455 | -€1,887 | -29.8% |
| Financial charges | 65/66B | €5,006 | €5,839 | +€832 | +16.6% |
| Recurring financial charges | 65 | €5,006 | €5,839 | +€832 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €60,510 | €14,605 | -€45,906 | -75.9% |
| Income taxes | 67/77 | €21,012 | €6,152 | -€14,860 | -70.7% |
| Profit (loss) for the period | 9904 | €39,499 | €8,453 | -€31,046 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,499 | €8,453 | -€31,046 | -78.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.