MODIFROID: what changed
MODIFROID
Largest movements
- Cash -€74,374
down €74,374 (-71.6%), from €103,935 to €29,561
mainly Tax, wage and social debts (-€68,259) and Other debts (-€29,142)
- Tangible fixed assets -€33,777
down €33,777 (-17.2%), from €196,860 to €163,083
of which Furniture and vehicles: -€25,365
- Receivables within one year -€25,794
down €25,794 (-4.3%), from €601,080 to €575,286
of which Trade receivables: -€84,330
- Stocks and contracts +€25,779
up €25,779 (+35.9%), from €71,832 to €97,611
- Deferred charges and accrued income -€18,832
down €18,832 (-94.7%), from €19,887 to €1,055
- Tax, wage and social debts -€68,259
down €68,259 (-40.2%), from €169,639 to €101,380
of which Taxes: -€59,498
- Reserves +€30,871
up €30,871 (+13.6%), from €226,207 to €257,078
of which Distributable reserves: +€30,871
- Other debts -€29,142
no longer reported in 2024 (was €29,142)
- Profit (loss) carried forward -€28,364
no longer reported in 2024 (was €28,364)
- Debts after one year -€27,870
down €27,870 (-33.7%), from €82,725 to €54,855
- Staff costs -€24,475
down €24,475 (-11.1%), from €221,132 to €196,657
- Gross operating margin +€21,076
up €21,076 (+8.7%), from €242,643 to €263,720
- Other operating charges +€3,857
up €3,857 (+29.7%), from €12,969 to €16,826
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €993,594 | €870,431 | -€123,162 | -12.4% |
| Fixed assets | 21/28 | €196,860 | €166,918 | -€29,942 | -15.2% |
| Intangible fixed assets | 21 | - | €3,834 | +€3,834 | |
| Tangible fixed assets | 22/27 | €196,860 | €163,083 | -€33,777 | -17.2% |
| Land and buildings | 22 | €59,295 | €55,711 | -€3,584 | -6.0% |
| Plant, machinery and equipment | 23 | €11,414 | €6,587 | -€4,827 | -42.3% |
| Furniture and vehicles | 24 | €126,151 | €100,785 | -€25,365 | -20.1% |
| Current assets | 29/58 | €796,733 | €703,514 | -€93,220 | -11.7% |
| Stocks and contracts in progress | 3 | €71,832 | €97,611 | +€25,779 | +35.9% |
| Stocks | 30/36 | €71,832 | €97,611 | +€25,779 | +35.9% |
| Amounts receivable within one year | 40/41 | €601,080 | €575,286 | -€25,794 | -4.3% |
| Trade receivables | 40 | €597,039 | €512,708 | -€84,330 | -14.1% |
| Other amounts receivable | 41 | €4,041 | €62,578 | +€58,537 | +1,449% |
| Cash at bank and in hand | 54/58 | €103,935 | €29,561 | -€74,374 | -71.6% |
| Deferred charges and accrued income | 490/1 | €19,887 | €1,055 | -€18,832 | -94.7% |
| Total equity and liabilities | 10/49 | €993,594 | €870,431 | -€123,162 | -12.4% |
| Equity | 10/15 | €601,127 | €603,633 | +€2,506 | +0.4% |
| Contributions | 10/11 | €346,556 | €346,556 | = | 0.0% |
| Reserves | 13 | €226,207 | €257,078 | +€30,871 | +13.6% |
| Non-distributable reserves | 130/1 | €3,825 | €3,825 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,825 | - | -€3,825 | |
| Other | 1319 | - | €3,825 | +€3,825 | |
| Distributable reserves | 133 | €222,382 | €253,253 | +€30,871 | +13.9% |
| Profit (loss) carried forward | 14 | €28,364 | - | -€28,364 | |
| Amounts payable | 17/49 | €392,466 | €266,798 | -€125,668 | -32.0% |
| Amounts payable after more than one year | 17 | €82,725 | €54,855 | -€27,870 | -33.7% |
| Financial debts | 170/4 | €82,725 | €54,855 | -€27,870 | -33.7% |
| Amounts payable within one year | 42/48 | €309,741 | €211,943 | -€97,799 | -31.6% |
| Current portion of amounts payable after more than one year | 42 | €25,365 | €25,044 | -€321 | -1.3% |
| Financial debts | 43 | - | €51 | +€51 | |
| Credit institutions | 430/8 | - | €51 | +€51 | |
| Trade debts | 44 | €85,596 | €85,467 | -€129 | -0.2% |
| Suppliers | 440/4 | €85,596 | €85,467 | -€129 | -0.2% |
| Taxes, remuneration and social security | 45 | €169,639 | €101,380 | -€68,259 | -40.2% |
| Taxes | 450/3 | €133,692 | €74,193 | -€59,498 | -44.5% |
| Remuneration and social security | 454/9 | €35,947 | €27,187 | -€8,760 | -24.4% |
| Other amounts payable | 47/48 | €29,142 | - | -€29,142 | |
| Remuneration, social security and pensions | 62 | €221,132 | €196,657 | -€24,475 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,868 | €42,667 | +€799 | +1.9% |
| Other operating charges | 640/8 | €12,969 | €16,826 | +€3,857 | +29.7% |
| Gross operating margin | 9900 | €242,643 | €263,720 | +€21,076 | +8.7% |
| Operating profit (loss) | 9901 | -€33,326 | €7,570 | +€40,896 | |
| Financial income | 75/76B | €3 | €525 | +€522 | +15,865% |
| Recurring financial income | 75 | €3 | €525 | +€522 | +15,865% |
| Financial charges | 65/66B | €4,633 | €4,367 | -€265 | -5.7% |
| Recurring financial charges | 65 | €4,633 | €4,367 | -€265 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€37,955 | €3,729 | +€41,684 | |
| Income taxes | 67/77 | - | €1,222 | +€1,222 | |
| Profit (loss) for the period | 9904 | -€37,955 | €2,506 | +€40,461 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,955 | €2,506 | +€40,461 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.