Cap Amunt: what changed
Cap Amunt
Largest movements
- Current investments +€201,000
new in 2025: €201,000
- Receivables within one year -€78,186
down €78,186 (-47.3%), from €165,361 to €87,175
- Cash +€73,628
up €73,628 (+57.5%), from €128,137 to €201,765
mainly Net result for the year (+€168,165) and Receivables within one year (+€78,186)
- Tangible fixed assets +€27,763
new in 2025: €27,763
of which Furniture and vehicles: +€27,077
- Reserves +€168,165
up €168,165 (+78.4%), from €214,603 to €382,768
- Tax, wage and social debts +€55,610
up €55,610 (+74.6%), from €74,592 to €130,202
- Gross operating margin -€51,902
down €51,902 (-18.6%), from €279,694 to €227,792
- Taxes -€15,035
down €15,035 (-23.2%), from €64,868 to €49,833
- Depreciation +€9,364
new in 2025: €9,364
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 | €293,498 | €517,703 | +€224,205 | +76.4% |
| Fixed assets | 21/28 | - | €27,763 | +€27,763 | |
| Tangible fixed assets | 22/27 | - | €27,763 | +€27,763 | |
| Plant, machinery and equipment | 23 | - | €686 | +€686 | |
| Furniture and vehicles | 24 | - | €27,077 | +€27,077 | |
| Current assets | 29/58 | €293,498 | €489,940 | +€196,442 | +66.9% |
| Amounts receivable within one year | 40/41 | €165,361 | €87,175 | -€78,186 | -47.3% |
| Trade receivables | 40 | €165,361 | €87,175 | -€78,186 | -47.3% |
| Current investments | 50/53 | - | €201,000 | +€201,000 | |
| Cash at bank and in hand | 54/58 | €128,137 | €201,765 | +€73,628 | +57.5% |
| Total equity and liabilities | 10/49 | €293,498 | €517,703 | +€224,205 | +76.4% |
| Equity | 10/15 | €217,603 | €385,768 | +€168,165 | +77.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €214,603 | €382,768 | +€168,165 | +78.4% |
| Distributable reserves | 133 | €214,603 | €382,768 | +€168,165 | +78.4% |
| Amounts payable | 17/49 | €75,895 | €131,935 | +€56,039 | +73.8% |
| Amounts payable within one year | 42/48 | €75,895 | €131,935 | +€56,039 | +73.8% |
| Trade debts | 44 | €154 | €694 | +€540 | +350% |
| Suppliers | 440/4 | €154 | €694 | +€540 | +350% |
| Taxes, remuneration and social security | 45 | €74,592 | €130,202 | +€55,610 | +74.6% |
| Taxes | 450/3 | €74,592 | €130,202 | +€55,610 | +74.6% |
| Other amounts payable | 47/48 | €1,149 | €1,038 | -€111 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,364 | +€9,364 | |
| Other operating charges | 640/8 | €224 | €345 | +€122 | +54.4% |
| Gross operating margin | 9900 | €279,694 | €227,792 | -€51,902 | -18.6% |
| Operating profit (loss) | 9901 | €279,471 | €218,084 | -€61,387 | -22.0% |
| Financial charges | 65/66B | €0 | €85 | +€85 | +426,150% |
| Recurring financial charges | 65 | €0 | €85 | +€85 | +426,150% |
| Profit (loss) for the period before taxes | 9903 | €279,470 | €217,998 | -€61,472 | -22.0% |
| Income taxes | 67/77 | €64,868 | €49,833 | -€15,035 | -23.2% |
| Profit (loss) for the period | 9904 | €214,603 | €168,165 | -€46,438 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €214,603 | €168,165 | -€46,438 | -21.6% |
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 4 November 2026 via checked.be.