Allcaps: 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.
Allcaps
Largest movements
- Tangible fixed assets +€206,394
up €206,394 (+63.5%), from €324,856 to €531,250
of which Land and buildings: +€203,797
- Cash -€63,617
down €63,617 (-37.3%), from €170,776 to €107,159
mainly Investment in fixed assets (net) (-€224,939) and Tax, wage and social debts (-€8,922)
- Debts after one year +€78,087
up €78,087 (+31.3%), from €249,353 to €327,440
- Profit (loss) carried forward +€41,737
up €41,737 (+20.6%), from €202,526 to €244,263
- Trade debts +€28,301
up €28,301 (+51362.9%), from €55 to €28,356
- Tax, wage and social debts -€8,922
down €8,922 (-44.5%), from €20,065 to €11,143
- Gross operating margin -€19,815
down €19,815 (-19.4%), from €102,083 to €82,268
- Taxes -€9,710
down €9,710 (-63.4%), from €15,327 to €5,617
- Depreciation +€8,050
up €8,050 (+75.7%), from €10,639 to €18,690
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.
Cash bridge derived
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 | €499,550 | €640,005 | +€140,455 | +28.1% |
| Fixed assets | 21/28 | €325,960 | €532,209 | +€206,249 | +63.3% |
| Intangible fixed assets | 21 | €1,104 | €959 | -€145 | -13.1% |
| Tangible fixed assets | 22/27 | €324,856 | €531,250 | +€206,394 | +63.5% |
| Land and buildings | 22 | €316,334 | €520,131 | +€203,797 | +64.4% |
| Plant, machinery and equipment | 23 | €5,140 | €3,762 | -€1,378 | -26.8% |
| Furniture and vehicles | 24 | €3,382 | €7,357 | +€3,975 | +117.5% |
| Current assets | 29/58 | €173,590 | €107,797 | -€65,794 | -37.9% |
| Amounts receivable within one year | 40/41 | €2,814 | €638 | -€2,176 | -77.3% |
| Trade receivables | 40 | €1,784 | €638 | -€1,146 | -64.3% |
| Other amounts receivable | 41 | €1,030 | €0 | -€1,030 | -100.0% |
| Cash at bank and in hand | 54/58 | €170,776 | €107,159 | -€63,617 | -37.3% |
| Total equity and liabilities | 10/49 | €499,550 | €640,005 | +€140,455 | +28.1% |
| Equity | 10/15 | €207,526 | €249,263 | +€41,737 | +20.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,526 | €244,263 | +€41,737 | +20.6% |
| Amounts payable | 17/49 | €292,025 | €390,742 | +€98,718 | +33.8% |
| Amounts payable after more than one year | 17 | €249,353 | €327,440 | +€78,087 | +31.3% |
| Financial debts | 170/4 | €249,353 | €327,440 | +€78,087 | +31.3% |
| Amounts payable within one year | 42/48 | €42,672 | €63,303 | +€20,631 | +48.3% |
| Current portion of amounts payable after more than one year | 42 | €20,920 | €21,817 | +€897 | +4.3% |
| Financial debts | 43 | €35 | €0 | -€35 | -100.0% |
| Credit institutions | 430/8 | €35 | €0 | -€35 | -100.0% |
| Trade debts | 44 | €55 | €28,356 | +€28,301 | +51362.9% |
| Suppliers | 440/4 | €55 | €28,356 | +€28,301 | +51362.9% |
| Taxes, remuneration and social security | 45 | €20,065 | €11,143 | -€8,922 | -44.5% |
| Taxes | 450/3 | €20,065 | €11,143 | -€8,922 | -44.5% |
| Other amounts payable | 47/48 | €1,597 | €1,986 | +€389 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,639 | €18,690 | +€8,050 | +75.7% |
| Other operating charges | 640/8 | €2,048 | €2,055 | +€7 | +0.3% |
| Gross operating margin | 9900 | €102,083 | €82,268 | -€19,815 | -19.4% |
| Operating profit (loss) | 9901 | €89,396 | €61,523 | -€27,873 | -31.2% |
| Financial income | 75/76B | €12 | €43 | +€30 | +242.9% |
| Recurring financial income | 75 | €12 | €43 | +€30 | +242.9% |
| Financial charges | 65/66B | €13,984 | €14,211 | +€227 | +1.6% |
| Recurring financial charges | 65 | €13,984 | €14,211 | +€227 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €75,424 | €47,355 | -€28,070 | -37.2% |
| Income taxes | 67/77 | €15,327 | €5,617 | -€9,710 | -63.4% |
| Profit (loss) for the period | 9904 | €60,097 | €41,737 | -€18,360 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €60,097 | €41,737 | -€18,360 | -30.5% |
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 12 October 2026 via checked.be.