CAP ACTION: 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 ACTION
Largest movements
- Cash +€34,146
up €34,146 (+286.7%), from €11,908 to €46,054
mainly Net result for the year (+€21,994) and Receivables within one year (+€18,522)
- Receivables within one year -€18,522
down €18,522 (-34.1%), from €54,353 to €35,831
- Tangible fixed assets -€3,833
down €3,833 (-92.3%), from €4,154 to €321
- Reserves +€25,000
up €25,000 (+100.0%), from €25,000 to €50,000
- Trade debts -€10,858
down €10,858 (-40.5%), from €26,840 to €15,981
- Profit (loss) carried forward -€3,006
down €3,006 (-74.5%), from €4,036 to €1,030
- Gross operating margin +€21,998
up €21,998 (+196.1%), from €11,219 to €33,216
- Taxes +€4,184
up €4,184 (+200.8%), from €2,084 to €6,268
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 | €84,860 | €96,424 | +€11,564 | +13.6% |
| Fixed assets | 21/28 | €4,154 | €321 | -€3,833 | -92.3% |
| Tangible fixed assets | 22/27 | €4,154 | €321 | -€3,833 | -92.3% |
| Furniture and vehicles | 24 | €4,154 | €321 | -€3,833 | -92.3% |
| Current assets | 29/58 | €80,706 | €96,104 | +€15,397 | +19.1% |
| Stocks and contracts in progress | 3 | €13,962 | €13,706 | -€255 | -1.8% |
| Stocks | 30/36 | €13,962 | €13,706 | -€255 | -1.8% |
| Amounts receivable within one year | 40/41 | €54,353 | €35,831 | -€18,522 | -34.1% |
| Trade receivables | 40 | €54,353 | €35,831 | -€18,522 | -34.1% |
| Cash at bank and in hand | 54/58 | €11,908 | €46,054 | +€34,146 | +286.7% |
| Deferred charges and accrued income | 490/1 | €484 | €512 | +€28 | +5.8% |
| Total equity and liabilities | 10/49 | €84,860 | €96,424 | +€11,564 | +13.6% |
| Equity | 10/15 | €31,536 | €53,530 | +€21,994 | +69.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €25,000 | €50,000 | +€25,000 | +100.0% |
| Distributable reserves | 133 | €25,000 | €50,000 | +€25,000 | +100.0% |
| Profit (loss) carried forward | 14 | €4,036 | €1,030 | -€3,006 | -74.5% |
| Amounts payable | 17/49 | €53,324 | €42,894 | -€10,430 | -19.6% |
| Amounts payable within one year | 42/48 | €53,324 | €42,894 | -€10,430 | -19.6% |
| Trade debts | 44 | €26,840 | €15,981 | -€10,858 | -40.5% |
| Suppliers | 440/4 | €26,840 | €15,981 | -€10,858 | -40.5% |
| Taxes, remuneration and social security | 45 | €26,484 | €26,809 | +€325 | +1.2% |
| Taxes | 450/3 | €26,484 | €26,809 | +€325 | +1.2% |
| Other amounts payable | 47/48 | - | €103 | +€103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,920 | €3,833 | -€87 | -2.2% |
| Other operating charges | 640/8 | €1,373 | €1,144 | -€229 | -16.7% |
| Gross operating margin | 9900 | €11,219 | €33,216 | +€21,998 | +196.1% |
| Operating profit (loss) | 9901 | €5,925 | €28,239 | +€22,314 | +376.6% |
| Financial income | 75/76B | €0 | €78 | +€78 | +783800.0% |
| Recurring financial income | 75 | €0 | €78 | +€78 | +783800.0% |
| Financial charges | 65/66B | €196 | €56 | -€140 | -71.4% |
| Recurring financial charges | 65 | €196 | €56 | -€140 | -71.4% |
| Profit (loss) for the period before taxes | 9903 | €5,730 | €28,262 | +€22,532 | +393.3% |
| Income taxes | 67/77 | €2,084 | €6,268 | +€4,184 | +200.8% |
| Profit (loss) for the period | 9904 | €3,646 | €21,994 | +€18,348 | +503.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,646 | €21,994 | +€18,348 | +503.3% |
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 11 October 2026 via checked.be.