MoDuLe: what changed
MoDuLe
Largest movements
- Tangible fixed assets -€9,225
down €9,225 (-4.5%), from €202,832 to €193,607
- Cash +€3,033
up €3,033 (+15.0%), from €20,276 to €23,309
mainly Depreciation (+€9,225) and Net result for the year (+€4,990)
- Debts after one year -€11,570
down €11,570 (-7.9%), from €146,953 to €135,383
- Profit (loss) carried forward +€4,990
up €4,990 (+12.5%), from -€40,057 to -€35,067
- Depreciation -€26,996
down €26,996 (-74.5%), from €36,221 to €9,225
- Gross operating margin +€22,609
up €22,609, from -€1,682 to €20,927
- Financial charges +€3,484
up €3,484 (+243%), from €1,436 to €4,920
- Other operating charges +€1,074
up €1,074 (+149%), from €718 to €1,792
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,108 | €216,916 | -€6,192 | -2.8% |
| Fixed assets | 21/28 | €202,832 | €193,607 | -€9,225 | -4.5% |
| Tangible fixed assets | 22/27 | €202,832 | €193,607 | -€9,225 | -4.5% |
| Land and buildings | 22 | €202,832 | €193,607 | -€9,225 | -4.5% |
| Current assets | 29/58 | €20,276 | €23,309 | +€3,033 | +15.0% |
| Cash at bank and in hand | 54/58 | €20,276 | €23,309 | +€3,033 | +15.0% |
| Total equity and liabilities | 10/49 | €223,108 | €216,916 | -€6,192 | -2.8% |
| Equity | 10/15 | €64,943 | €69,933 | +€4,990 | +7.7% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,057 | -€35,067 | +€4,990 | +12.5% |
| Amounts payable | 17/49 | €158,165 | €146,983 | -€11,182 | -7.1% |
| Amounts payable after more than one year | 17 | €146,953 | €135,383 | -€11,570 | -7.9% |
| Financial debts | 170/4 | €146,953 | €135,383 | -€11,570 | -7.9% |
| Amounts payable within one year | 42/48 | €11,212 | €11,600 | +€387 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €11,212 | €11,570 | +€357 | +3.2% |
| Trade debts | 44 | - | €30 | +€30 | |
| Suppliers | 440/4 | - | €30 | +€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,221 | €9,225 | -€26,996 | -74.5% |
| Other operating charges | 640/8 | €718 | €1,792 | +€1,074 | +149% |
| Gross operating margin | 9900 | -€1,682 | €20,927 | +€22,609 | |
| Operating profit (loss) | 9901 | -€38,621 | €9,910 | +€48,531 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,436 | €4,920 | +€3,484 | +243% |
| Recurring financial charges | 65 | €1,436 | €4,920 | +€3,484 | +243% |
| Profit (loss) for the period before taxes | 9903 | -€40,057 | €4,990 | +€45,047 | |
| Profit (loss) for the period | 9904 | -€40,057 | €4,990 | +€45,047 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,057 | €4,990 | +€45,047 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.