MOD-ELLE: 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.
MOD-ELLE
Largest movements
- Receivables within one year +€16,835
up €16,835 (+1.8%), from €944,093 to €960,928
of which Other amounts receivable: +€16,927
- Reserves +€27,978
up €27,978 (+5.5%), from €506,850 to €534,828
of which Distributable reserves: +€27,978
- Trade debts -€13,277
down €13,277 (-96.8%), from €13,717 to €441
- Taxes +€31,273
up €31,273, from -€28,476 to €2,798
- Financial income +€24,927
new in 2026: €24,927
- Gross operating margin +€13,800
up €13,800, from -€6,464 to €7,336
- Financial charges -€1,054
down €1,054 (-99.9%), from €1,056 to €2
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €944,199 | €961,699 | +€17,500 | +1.9% |
| Current assets | 29/58 | €944,199 | €961,699 | +€17,500 | +1.9% |
| Amounts receivable within one year | 40/41 | €944,093 | €960,928 | +€16,835 | +1.8% |
| Trade receivables | 40 | €83,908 | €83,816 | -€92 | -0.1% |
| Other amounts receivable | 41 | €860,185 | €877,111 | +€16,927 | +2.0% |
| Cash at bank and in hand | 54/58 | €106 | €772 | +€665 | +625% |
| Total equity and liabilities | 10/49 | €944,199 | €961,699 | +€17,500 | +1.9% |
| Equity | 10/15 | €916,850 | €944,828 | +€27,978 | +3.1% |
| Contributions | 10/11 | €410,000 | €410,000 | = | 0.0% |
| Capital | 10 | €410,000 | €410,000 | = | 0.0% |
| Issued capital | 100 | €410,000 | €410,000 | = | 0.0% |
| Reserves | 13 | €506,850 | €534,828 | +€27,978 | +5.5% |
| Non-distributable reserves | 130/1 | €21,299 | €21,299 | = | 0.0% |
| Legal reserve | 130 | €21,299 | €21,299 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,693 | €4,693 | = | 0.0% |
| Distributable reserves | 133 | €480,857 | €508,835 | +€27,978 | +5.8% |
| Amounts payable | 17/49 | €27,349 | €16,872 | -€10,478 | -38.3% |
| Amounts payable within one year | 42/48 | €27,284 | €16,805 | -€10,479 | -38.4% |
| Trade debts | 44 | €13,717 | €441 | -€13,277 | -96.8% |
| Suppliers | 440/4 | €13,717 | €441 | -€13,277 | -96.8% |
| Taxes, remuneration and social security | 45 | €1,952 | €4,750 | +€2,798 | +143% |
| Taxes | 450/3 | €1,952 | €4,750 | +€2,798 | +143% |
| Other amounts payable | 47/48 | €11,615 | €11,615 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Non-recurring operating income | 76A | - | €11,997 | +€11,997 | |
| Other operating charges | 640/8 | €1,439 | €1,485 | +€47 | +3.3% |
| Gross operating margin | 9900 | -€6,464 | €7,336 | +€13,800 | |
| Operating profit (loss) | 9901 | -€7,902 | €5,851 | +€13,753 | |
| Financial income | 75/76B | - | €24,927 | +€24,927 | |
| Recurring financial income | 75 | - | €24,927 | +€24,927 | |
| Financial charges | 65/66B | €1,056 | €2 | -€1,054 | -99.9% |
| Recurring financial charges | 65 | €1,056 | €2 | -€1,054 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,958 | €30,776 | +€39,734 | |
| Income taxes | 67/77 | -€28,476 | €2,798 | +€31,273 | |
| Profit (loss) for the period | 9904 | €19,518 | €27,978 | +€8,460 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,518 | €27,978 | +€8,460 | +43.3% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.