Cap.C: 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.C
Largest movements
- Receivables within one year -€8,743
down €8,743 (-40.0%), from €21,870 to €13,127
- Cash +€5,519
up €5,519 (+6.4%), from €86,815 to €92,334
mainly Net result for the year (+€31,353) and Receivables within one year (+€8,743)
- Tangible fixed assets -€5,072
down €5,072 (-30.1%), from €16,834 to €11,762
of which Furniture and vehicles: -€4,655
- Other debts -€39,689
down €39,689 (-93.4%), from €42,475 to €2,786
- Reserves +€31,353
up €31,353 (+54.3%), from €57,729 to €89,082
- Tax, wage and social debts -€5,272
down €5,272 (-32.0%), from €16,482 to €11,210
of which Taxes: -€5,272
- Trade debts +€4,804
up €4,804 (+1540.1%), from €312 to €5,116
- Gross operating margin +€14,872
up €14,872 (+36.9%), from €40,270 to €55,142
- Taxes +€3,893
up €3,893 (+33.4%), from €11,668 to €15,561
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,003 | €121,199 | -€8,804 | -6.8% |
| Fixed assets | 21/28 | €16,909 | €11,837 | -€5,072 | -30.0% |
| Tangible fixed assets | 22/27 | €16,834 | €11,762 | -€5,072 | -30.1% |
| Plant, machinery and equipment | 23 | €1,179 | €762 | -€417 | -35.3% |
| Furniture and vehicles | 24 | €15,656 | €11,000 | -€4,655 | -29.7% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €113,094 | €109,362 | -€3,732 | -3.3% |
| Amounts receivable within one year | 40/41 | €21,870 | €13,127 | -€8,743 | -40.0% |
| Trade receivables | 40 | €21,870 | €13,127 | -€8,743 | -40.0% |
| Cash at bank and in hand | 54/58 | €86,815 | €92,334 | +€5,519 | +6.4% |
| Deferred charges and accrued income | 490/1 | €4,409 | €3,901 | -€508 | -11.5% |
| Total equity and liabilities | 10/49 | €130,003 | €121,199 | -€8,804 | -6.8% |
| Equity | 10/15 | €69,909 | €101,262 | +€31,353 | +44.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €57,729 | €89,082 | +€31,353 | +54.3% |
| Distributable reserves | 133 | €57,729 | €89,082 | +€31,353 | +54.3% |
| Profit (loss) carried forward | 14 | €5,980 | €5,980 | = | 0.0% |
| Amounts payable | 17/49 | €60,094 | €19,937 | -€40,157 | -66.8% |
| Amounts payable within one year | 42/48 | €59,269 | €19,112 | -€40,157 | -67.8% |
| Trade debts | 44 | €312 | €5,116 | +€4,804 | +1540.1% |
| Suppliers | 440/4 | €312 | €5,116 | +€4,804 | +1540.1% |
| Taxes, remuneration and social security | 45 | €16,482 | €11,210 | -€5,272 | -32.0% |
| Taxes | 450/3 | €16,482 | €11,210 | -€5,272 | -32.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €42,475 | €2,786 | -€39,689 | -93.4% |
| Accrued charges and deferred income | 492/3 | €825 | €825 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,784 | €7,275 | +€491 | +7.2% |
| Other operating charges | 640/8 | €651 | €632 | -€19 | -2.9% |
| Gross operating margin | 9900 | €40,270 | €55,142 | +€14,872 | +36.9% |
| Operating profit (loss) | 9901 | €32,835 | €47,235 | +€14,400 | +43.9% |
| Financial charges | 65/66B | €271 | €321 | +€50 | +18.6% |
| Recurring financial charges | 65 | €271 | €321 | +€50 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €32,564 | €46,914 | +€14,350 | +44.1% |
| Income taxes | 67/77 | €11,668 | €15,561 | +€3,893 | +33.4% |
| Profit (loss) for the period | 9904 | €20,896 | €31,353 | +€10,457 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,896 | €31,353 | +€10,457 | +50.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.