AAA CAPITALFIN: 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.
AAA CAPITALFIN
Largest movements
- Cash -€51,976
down €51,976 (-52.2%), from €99,516 to €47,540
mainly Net result for the year (-€57,540) and Receivables within one year (-€26,399)
- Intangible fixed assets -€47,529
no longer reported in 2025 (was €47,529)
- Receivables within one year +€26,399
up €26,399 (+90.3%), from €29,228 to €55,627
of which Other amounts receivable: +€52,356
- Deferred charges and accrued income -€11,234
down €11,234 (-84.0%), from €13,378 to €2,144
- Tangible fixed assets +€3,232
up €3,232 (+50.8%), from €6,362 to €9,593
of which Other tangible fixed assets: +€3,962
- Profit (loss) carried forward -€57,540
down €57,540, from €21,956 to -€35,584
- Current portion of long-term debt -€16,209
no longer reported in 2025 (was €16,209)
- Other debts -€5,273
down €5,273 (-64.2%), from €8,214 to €2,942
- Tax, wage and social debts -€4,018
down €4,018 (-22.9%), from €17,561 to €13,542
of which Remuneration and social security: -€7,113
- Short-term financial debts +€3,836
new in 2025: €3,836
- Gross operating margin -€82,543
down €82,543 (-57.0%), from €144,693 to €62,150
- Taxes -€13,253
down €13,253 (-98.8%), from €13,416 to €162
- Staff costs -€8,002
down €8,002 (-10.8%), from €74,291 to €66,289
- Other operating charges -€3,086
down €3,086 (-43.7%), from €7,054 to €3,969
- Depreciation -€2,991
down €2,991 (-5.8%), from €51,742 to €48,751
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 | €203,158 | €122,049 | -€81,109 | -39.9% |
| Fixed assets | 21/28 | €61,036 | €16,738 | -€44,298 | -72.6% |
| Intangible fixed assets | 21 | €47,529 | - | -€47,529 | |
| Tangible fixed assets | 22/27 | €6,362 | €9,593 | +€3,232 | +50.8% |
| Furniture and vehicles | 24 | €1,702 | €972 | -€730 | -42.9% |
| Other tangible fixed assets | 26 | €4,660 | €8,622 | +€3,962 | +85.0% |
| Financial fixed assets | 28 | €7,145 | €7,145 | = | 0.0% |
| Current assets | 29/58 | €142,122 | €105,311 | -€36,811 | -25.9% |
| Amounts receivable within one year | 40/41 | €29,228 | €55,627 | +€26,399 | +90.3% |
| Trade receivables | 40 | €27,644 | €1,687 | -€25,956 | -93.9% |
| Other amounts receivable | 41 | €1,584 | €53,940 | +€52,356 | +3,304% |
| Cash at bank and in hand | 54/58 | €99,516 | €47,540 | -€51,976 | -52.2% |
| Deferred charges and accrued income | 490/1 | €13,378 | €2,144 | -€11,234 | -84.0% |
| Total equity and liabilities | 10/49 | €203,158 | €122,049 | -€81,109 | -39.9% |
| Equity | 10/15 | €151,116 | €93,576 | -€57,540 | -38.1% |
| Contributions | 10/11 | €119,579 | €119,579 | = | 0.0% |
| Contributions outside capital | 11 | €119,579 | - | -€119,579 | |
| Other | 1109/19 | €119,579 | - | -€119,579 | |
| Reserves | 13 | €9,581 | €9,581 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,581 | €9,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,956 | -€35,584 | -€57,540 | |
| Amounts payable | 17/49 | €52,042 | €28,473 | -€23,569 | -45.3% |
| Amounts payable within one year | 42/48 | €50,971 | €28,273 | -€22,697 | -44.5% |
| Current portion of amounts payable after more than one year | 42 | €16,209 | - | -€16,209 | |
| Financial debts | 43 | - | €3,836 | +€3,836 | |
| Credit institutions | 430/8 | - | €3,836 | +€3,836 | |
| Trade debts | 44 | €8,987 | €7,954 | -€1,034 | -11.5% |
| Suppliers | 440/4 | €8,987 | €7,954 | -€1,034 | -11.5% |
| Taxes, remuneration and social security | 45 | €17,561 | €13,542 | -€4,018 | -22.9% |
| Taxes | 450/3 | - | €3,095 | +€3,095 | |
| Remuneration and social security | 454/9 | €17,561 | €10,447 | -€7,113 | -40.5% |
| Other amounts payable | 47/48 | €8,214 | €2,942 | -€5,273 | -64.2% |
| Accrued charges and deferred income | 492/3 | €1,072 | €200 | -€872 | -81.4% |
| Remuneration, social security and pensions | 62 | €74,291 | €66,289 | -€8,002 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,742 | €48,751 | -€2,991 | -5.8% |
| Other operating charges | 640/8 | €7,054 | €3,969 | -€3,086 | -43.7% |
| Gross operating margin | 9900 | €144,693 | €62,150 | -€82,543 | -57.0% |
| Operating profit (loss) | 9901 | €11,605 | -€56,859 | -€68,464 | |
| Financial income | 75/76B | €39 | €531 | +€492 | +1,264% |
| Recurring financial income | 75 | €39 | €531 | +€492 | +1,264% |
| Financial charges | 65/66B | €1,744 | €1,050 | -€694 | -39.8% |
| Recurring financial charges | 65 | €1,744 | €1,050 | -€694 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €9,900 | -€57,378 | -€67,278 | |
| Income taxes | 67/77 | €13,416 | €162 | -€13,253 | -98.8% |
| Profit (loss) for the period | 9904 | -€3,515 | -€57,540 | -€54,025 | -1,537% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,515 | -€57,540 | -€54,025 | -1,537% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.