Cap à city: 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.
Cap à city
Largest movements
- Receivables within one year -€131,180
down €131,180 (-41.6%), from €315,444 to €184,263
- Current investments -€69,170
down €69,170 (-27.7%), from €250,000 to €180,830
- Cash -€31,043
down €31,043 (-16.9%), from €183,866 to €152,822
mainly Trade debts (-€178,370) and Contributions, distributions and other (-€104,591)
- Tangible fixed assets +€12,858
up €12,858 (+2.8%), from €463,547 to €476,406
of which Furniture and vehicles: +€38,796
- Trade debts -€178,370
down €178,370 (-90.9%), from €196,213 to €17,843
- Reserves -€82,353
down €82,353 (-10.0%), from €821,177 to €738,825
of which Distributable reserves: -€82,353
- Accrued charges and deferred income +€71,296
up €71,296 (+6,601%), from €1,080 to €72,376
- Debts after one year -€13,021
down €13,021 (-10.9%), from €119,669 to €106,648
- Gross operating margin -€29,699
down €29,699 (-46.7%), from €63,538 to €33,839
- Financial income +€29,610
up €29,610 (+1,449%), from €2,044 to €31,654
- Taxes -€10,766
down €10,766 (-87.2%), from €12,349 to €1,583
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 | €1,214,107 | €994,622 | -€219,485 | -18.1% |
| Fixed assets | 21/28 | €463,747 | €476,606 | +€12,858 | +2.8% |
| Tangible fixed assets | 22/27 | €463,547 | €476,406 | +€12,858 | +2.8% |
| Land and buildings | 22 | €421,060 | €408,040 | -€13,020 | -3.1% |
| Plant, machinery and equipment | 23 | €39,208 | €26,680 | -€12,528 | -32.0% |
| Furniture and vehicles | 24 | €2,725 | €41,521 | +€38,796 | +1,424% |
| Other tangible fixed assets | 26 | €555 | €165 | -€390 | -70.3% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €750,359 | €518,016 | -€232,344 | -31.0% |
| Amounts receivable within one year | 40/41 | €315,444 | €184,263 | -€131,180 | -41.6% |
| Trade receivables | 40 | €315,444 | €184,263 | -€131,180 | -41.6% |
| Current investments | 50/53 | €250,000 | €180,830 | -€69,170 | -27.7% |
| Cash at bank and in hand | 54/58 | €183,866 | €152,822 | -€31,043 | -16.9% |
| Deferred charges and accrued income | 490/1 | €1,050 | €100 | -€950 | -90.5% |
| Total equity and liabilities | 10/49 | €1,214,107 | €994,622 | -€219,485 | -18.1% |
| Equity | 10/15 | €858,188 | €775,836 | -€82,353 | -9.6% |
| Reserves | 13 | €821,177 | €738,825 | -€82,353 | -10.0% |
| Non-distributable reserves | 130/1 | €6,860 | €6,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,860 | €6,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,176 | €39,176 | = | 0.0% |
| Distributable reserves | 133 | €775,142 | €692,789 | -€82,353 | -10.6% |
| Profit (loss) carried forward | 14 | €37,011 | €37,011 | = | 0.0% |
| Amounts payable | 17/49 | €355,918 | €218,786 | -€137,133 | -38.5% |
| Amounts payable after more than one year | 17 | €119,669 | €106,648 | -€13,021 | -10.9% |
| Financial debts | 170/4 | €119,669 | €106,648 | -€13,021 | -10.9% |
| Amounts payable within one year | 42/48 | €235,169 | €39,762 | -€195,407 | -83.1% |
| Current portion of amounts payable after more than one year | 42 | €12,792 | €13,021 | +€229 | +1.8% |
| Trade debts | 44 | €196,213 | €17,843 | -€178,370 | -90.9% |
| Suppliers | 440/4 | €196,213 | €17,843 | -€178,370 | -90.9% |
| Taxes, remuneration and social security | 45 | €14,795 | €8,288 | -€6,507 | -44.0% |
| Taxes | 450/3 | €14,795 | €8,288 | -€6,507 | -44.0% |
| Other amounts payable | 47/48 | €11,369 | €609 | -€10,760 | -94.6% |
| Accrued charges and deferred income | 492/3 | €1,080 | €72,376 | +€71,296 | +6,601% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,408 | €32,048 | -€360 | -1.1% |
| Other operating charges | 640/8 | €4,273 | €4,484 | +€211 | +4.9% |
| Gross operating margin | 9900 | €63,538 | €33,839 | -€29,699 | -46.7% |
| Operating profit (loss) | 9901 | €26,857 | -€2,693 | -€29,550 | |
| Financial income | 75/76B | €2,044 | €31,654 | +€29,610 | +1,449% |
| Recurring financial income | 75 | €2,044 | €31,654 | +€29,610 | +1,449% |
| Financial charges | 65/66B | €5,235 | €5,140 | -€95 | -1.8% |
| Recurring financial charges | 65 | €5,235 | €5,140 | -€95 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €23,665 | €23,821 | +€156 | +0.7% |
| Income taxes | 67/77 | €12,349 | €1,583 | -€10,766 | -87.2% |
| Profit (loss) for the period | 9904 | €11,316 | €22,238 | +€10,922 | +96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,316 | €22,238 | +€10,922 | +96.5% |
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 19 October 2026 via checked.be.