CAP MODE: 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 MODE
Largest movements
- Tangible fixed assets -€15,997
down €15,997 (-42.2%), from €37,935 to €21,938
of which Plant, machinery and equipment: -€9,852
- Deferred charges and accrued income -€13,263
down €13,263 (-57.0%), from €23,258 to €9,995
- Receivables within one year +€6,600
up €6,600 (+322%), from €2,049 to €8,649
of which Other amounts receivable: +€8,439
- Stocks and contracts -€3,886
down €3,886 (-11.3%), from €34,495 to €30,609
- Cash +€3,830
up €3,830 (+10.7%), from €35,837 to €39,666
mainly Depreciation (+€15,997) and Deferred charges and accrued income (+€13,263)
- Profit (loss) carried forward -€21,858
down €21,858 (-40.5%), from €54,035 to €32,177
- Debts after one year -€7,051
down €7,051 (-100%), from €7,051 to €0
- Tax, wage and social debts +€6,161
up €6,161 (+67.4%), from €9,144 to €15,305
of which Taxes: +€5,121
- Staff costs +€4,806
up €4,806 (+29.5%), from €16,274 to €21,079
- Other operating charges -€2,147
down €2,147 (-39.1%), from €5,497 to €3,350
- Gross operating margin -€783
down €783 (-3.8%), from €20,454 to €19,670
- Financial charges -€616
down €616 (-54.5%), from €1,131 to €515
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.
Derived cash bridge
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 | €133,779 | €111,062 | -€22,716 | -17.0% |
| Fixed assets | 21/28 | €38,140 | €22,143 | -€15,997 | -41.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €37,935 | €21,938 | -€15,997 | -42.2% |
| Land and buildings | 22 | €18,586 | €12,441 | -€6,145 | -33.1% |
| Plant, machinery and equipment | 23 | €19,349 | €9,497 | -€9,852 | -50.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €95,638 | €88,919 | -€6,719 | -7.0% |
| Stocks and contracts in progress | 3 | €34,495 | €30,609 | -€3,886 | -11.3% |
| Stocks | 30/36 | €34,495 | €30,609 | -€3,886 | -11.3% |
| Amounts receivable within one year | 40/41 | €2,049 | €8,649 | +€6,600 | +322% |
| Trade receivables | 40 | €1,839 | €0 | -€1,839 | -100% |
| Other amounts receivable | 41 | €210 | €8,649 | +€8,439 | +4,024% |
| Cash at bank and in hand | 54/58 | €35,837 | €39,666 | +€3,830 | +10.7% |
| Deferred charges and accrued income | 490/1 | €23,258 | €9,995 | -€13,263 | -57.0% |
| Total equity and liabilities | 10/49 | €133,779 | €111,062 | -€22,716 | -17.0% |
| Equity | 10/15 | €107,027 | €85,169 | -€21,858 | -20.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €34,400 | €34,400 | = | 0.0% |
| Distributable reserves | 133 | €34,400 | €34,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,035 | €32,177 | -€21,858 | -40.5% |
| Amounts payable | 17/49 | €26,751 | €25,893 | -€858 | -3.2% |
| Amounts payable after more than one year | 17 | €7,051 | €0 | -€7,051 | -100% |
| Financial debts | 170/4 | €7,051 | €0 | -€7,051 | -100% |
| Amounts payable within one year | 42/48 | €19,701 | €25,893 | +€6,192 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | €7,524 | €7,051 | -€473 | -6.3% |
| Trade debts | 44 | €2,882 | €3,387 | +€505 | +17.5% |
| Suppliers | 440/4 | €2,882 | €3,387 | +€505 | +17.5% |
| Taxes, remuneration and social security | 45 | €9,144 | €15,305 | +€6,161 | +67.4% |
| Taxes | 450/3 | €8,765 | €13,886 | +€5,121 | +58.4% |
| Remuneration and social security | 454/9 | €379 | €1,419 | +€1,040 | +275% |
| Other amounts payable | 47/48 | €150 | €150 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €16,274 | €21,079 | +€4,806 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,997 | €15,997 | = | 0.0% |
| Other operating charges | 640/8 | €5,497 | €3,350 | -€2,147 | -39.1% |
| Gross operating margin | 9900 | €20,454 | €19,670 | -€783 | -3.8% |
| Operating profit (loss) | 9901 | -€17,314 | -€20,756 | -€3,442 | -19.9% |
| Financial income | 75/76B | €6 | €2 | -€5 | -75.6% |
| Recurring financial income | 75 | €6 | €2 | -€5 | -75.6% |
| Financial charges | 65/66B | €1,131 | €515 | -€616 | -54.5% |
| Recurring financial charges | 65 | €1,131 | €515 | -€616 | -54.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,439 | -€21,269 | -€2,831 | -15.4% |
| Income taxes | 67/77 | €434 | €589 | +€155 | +35.6% |
| Profit (loss) for the period | 9904 | -€18,873 | -€21,858 | -€2,985 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,873 | -€21,858 | -€2,985 | -15.8% |
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 17 October 2026 via checked.be.