2911 Capital BV: what changed
2911 Capital BV
Largest movements
- Receivables within one year +€34,794
up €34,794 (+201%), from €17,274 to €52,068
of which Other amounts receivable: +€17,836
- Cash -€5,649
down €5,649 (-17.4%), from €32,457 to €26,807
mainly Receivables within one year (-€34,794) and Tax, wage and social debts (-€1,249)
- Deferred charges and accrued income +€1,122
up €1,122 (+688%), from €163 to €1,286
- Profit (loss) carried forward +€24,006
up €24,006 (+71.0%), from €33,834 to €57,839
- Trade debts +€7,359
up €7,359 (+346%), from €2,129 to €9,487
- Tax, wage and social debts -€1,249
down €1,249 (-9.5%), from €13,165 to €11,916
- Gross operating margin -€10,972
down €10,972 (-25.1%), from €43,762 to €32,789
- Financial income +€919
up €919 (+563%), from €163 to €1,082
- Taxes -€686
down €686 (-7.7%), from €8,966 to €8,280
- Other operating charges +€536
up €536 (+319%), from €168 to €704
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 | €51,127 | €81,242 | +€30,115 | +58.9% |
| Fixed assets | 21/28 | €1,233 | €1,081 | -€152 | -12.3% |
| Tangible fixed assets | 22/27 | €1,233 | €1,081 | -€152 | -12.3% |
| Plant, machinery and equipment | 23 | - | €430 | +€430 | |
| Furniture and vehicles | 24 | €1,233 | €651 | -€582 | -47.2% |
| Current assets | 29/58 | €49,894 | €80,161 | +€30,267 | +60.7% |
| Amounts receivable within one year | 40/41 | €17,274 | €52,068 | +€34,794 | +201% |
| Trade receivables | 40 | €7,042 | €24,000 | +€16,958 | +241% |
| Other amounts receivable | 41 | €10,232 | €28,068 | +€17,836 | +174% |
| Cash at bank and in hand | 54/58 | €32,457 | €26,807 | -€5,649 | -17.4% |
| Deferred charges and accrued income | 490/1 | €163 | €1,286 | +€1,122 | +688% |
| Total equity and liabilities | 10/49 | €51,127 | €81,242 | +€30,115 | +58.9% |
| Equity | 10/15 | €35,834 | €59,839 | +€24,006 | +67.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,834 | €57,839 | +€24,006 | +71.0% |
| Amounts payable | 17/49 | €15,293 | €21,403 | +€6,110 | +39.9% |
| Amounts payable within one year | 42/48 | €15,293 | €21,403 | +€6,110 | +39.9% |
| Trade debts | 44 | €2,129 | €9,487 | +€7,359 | +346% |
| Suppliers | 440/4 | €2,129 | €9,487 | +€7,359 | +346% |
| Taxes, remuneration and social security | 45 | €13,165 | €11,916 | -€1,249 | -9.5% |
| Taxes | 450/3 | €13,165 | €11,916 | -€1,249 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €513 | €729 | +€217 | +42.2% |
| Other operating charges | 640/8 | €168 | €704 | +€536 | +319% |
| Gross operating margin | 9900 | €43,762 | €32,789 | -€10,972 | -25.1% |
| Operating profit (loss) | 9901 | €43,081 | €31,356 | -€11,725 | -27.2% |
| Financial income | 75/76B | €163 | €1,082 | +€919 | +563% |
| Recurring financial income | 75 | €163 | €1,082 | +€919 | +563% |
| Financial charges | 65/66B | €444 | €152 | -€293 | -65.8% |
| Recurring financial charges | 65 | €444 | €152 | -€293 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | €42,800 | €32,286 | -€10,514 | -24.6% |
| Income taxes | 67/77 | €8,966 | €8,280 | -€686 | -7.7% |
| Profit (loss) for the period | 9904 | €33,834 | €24,006 | -€9,828 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,834 | €24,006 | -€9,828 | -29.0% |
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 3 November 2026 via checked.be.