26 Capital: 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.
26 Capital
Largest movements
- Cash +€43,929
up €43,929 (+528%), from €8,319 to €52,248
mainly Net result for the year (+€31,114) and Tax, wage and social debts (+€16,395)
- Tangible fixed assets +€1,036
up €1,036 (+40.8%), from €2,541 to €3,577
of which Plant, machinery and equipment: +€1,578
- Receivables within one year -€682
down €682 (-32.5%), from €2,102 to €1,419
of which Trade receivables: -€761
- Profit (loss) carried forward +€31,114
up €31,114, from -€3,757 to €27,357
- Tax, wage and social debts +€16,395
up €16,395 (+267%), from €6,152 to €22,547
- Other debts -€4,223
down €4,223 (-62.4%), from €6,763 to €2,540
- Trade debts +€926
up €926 (+81.5%), from €1,136 to €2,061
- Gross operating margin +€43,716
up €43,716 (+3,743%), from €1,168 to €44,884
- Taxes +€9,574
up €9,574 (+2,438%), from €393 to €9,966
- Financial charges -€1,052
down €1,052 (-32.5%), from €3,239 to €2,187
- Depreciation +€501
up €501 (+57.8%), from €866 to €1,367
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 | €13,281 | €57,496 | +€44,216 | +333% |
| Fixed assets | 21/28 | €2,541 | €3,577 | +€1,036 | +40.8% |
| Tangible fixed assets | 22/27 | €2,541 | €3,577 | +€1,036 | +40.8% |
| Plant, machinery and equipment | 23 | €877 | €2,456 | +€1,578 | +180% |
| Furniture and vehicles | 24 | €1,663 | €1,121 | -€542 | -32.6% |
| Current assets | 29/58 | €10,740 | €53,919 | +€43,179 | +402% |
| Amounts receivable within one year | 40/41 | €2,102 | €1,419 | -€682 | -32.5% |
| Trade receivables | 40 | €2,102 | €1,340 | -€761 | -36.2% |
| Other amounts receivable | 41 | - | €79 | +€79 | |
| Cash at bank and in hand | 54/58 | €8,319 | €52,248 | +€43,929 | +528% |
| Deferred charges and accrued income | 490/1 | €320 | €252 | -€68 | -21.2% |
| Total equity and liabilities | 10/49 | €13,281 | €57,496 | +€44,216 | +333% |
| Equity | 10/15 | -€1,757 | €29,357 | +€31,114 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,757 | €27,357 | +€31,114 | |
| Amounts payable | 17/49 | €15,038 | €28,139 | +€13,101 | +87.1% |
| Amounts payable within one year | 42/48 | €14,051 | €27,148 | +€13,098 | +93.2% |
| Trade debts | 44 | €1,136 | €2,061 | +€926 | +81.5% |
| Suppliers | 440/4 | €1,136 | €2,061 | +€926 | +81.5% |
| Taxes, remuneration and social security | 45 | €6,152 | €22,547 | +€16,395 | +267% |
| Taxes | 450/3 | €6,152 | €22,547 | +€16,395 | +267% |
| Other amounts payable | 47/48 | €6,763 | €2,540 | -€4,223 | -62.4% |
| Accrued charges and deferred income | 492/3 | €987 | €991 | +€4 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €866 | €1,367 | +€501 | +57.8% |
| Other operating charges | 640/8 | €426 | €249 | -€177 | -41.6% |
| Gross operating margin | 9900 | €1,168 | €44,884 | +€43,716 | +3,743% |
| Operating profit (loss) | 9901 | -€125 | €43,268 | +€43,393 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €3,239 | €2,187 | -€1,052 | -32.5% |
| Recurring financial charges | 65 | €3,239 | €2,187 | -€1,052 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,364 | €41,081 | +€44,445 | |
| Income taxes | 67/77 | €393 | €9,966 | +€9,574 | +2,438% |
| Profit (loss) for the period | 9904 | -€3,757 | €31,114 | +€34,871 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,757 | €31,114 | +€34,871 |
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 30 October 2026 via checked.be.