CAP'N CRUNCH: 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'N CRUNCH
Largest movements
- Tangible fixed assets -€22,085
down €22,085 (-4.5%), from €493,192 to €471,107
of which Land and buildings: -€21,294
- Stocks and contracts -€22,017
down €22,017 (-12.0%), from €183,475 to €161,458
- Short-term financial debts +€73,671
up €73,671 (+23.1%), from €319,406 to €393,078
of which Credit institutions: +€73,671
- Current portion of long-term debt -€72,021
down €72,021 (-51.0%), from €141,213 to €69,192
- Debts after one year -€69,192
down €69,192 (-33.2%), from €208,429 to €139,237
- Trade debts +€56,563
up €56,563 (+154%), from €36,683 to €93,246
- Tax, wage and social debts -€49,596
down €49,596 (-55.5%), from €89,292 to €39,696
of which Taxes: -€72,405
- Staff costs +€50,376
up €50,376 (+39.8%), from €126,445 to €176,821
- Financial charges -€45,380
down €45,380 (-43.1%), from €105,183 to €59,803
- Gross operating margin -€36,997
down €36,997 (-10.5%), from €351,371 to €314,375
- Taxes +€21,250
up €21,250 (+5,409%), from €393 to €21,643
- Other operating charges -€15,160
down €15,160 (-92.5%), from €16,384 to €1,224
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 | €984,937 | €945,150 | -€39,787 | -4.0% |
| Fixed assets | 21/28 | €506,978 | €481,724 | -€25,254 | -5.0% |
| Intangible fixed assets | 21 | €12,861 | €9,691 | -€3,170 | -24.6% |
| Tangible fixed assets | 22/27 | €493,192 | €471,107 | -€22,085 | -4.5% |
| Land and buildings | 22 | €488,781 | €467,487 | -€21,294 | -4.4% |
| Plant, machinery and equipment | 23 | €2,365 | €2,031 | -€334 | -14.1% |
| Furniture and vehicles | 24 | €2,046 | €1,589 | -€456 | -22.3% |
| Financial fixed assets | 28 | €925 | €925 | = | 0.0% |
| Current assets | 29/58 | €477,959 | €463,426 | -€14,533 | -3.0% |
| Stocks and contracts in progress | 3 | €183,475 | €161,458 | -€22,017 | -12.0% |
| Stocks | 30/36 | €183,475 | €161,458 | -€22,017 | -12.0% |
| Amounts receivable within one year | 40/41 | €271,706 | €274,252 | +€2,546 | +0.9% |
| Trade receivables | 40 | €252,802 | €261,952 | +€9,150 | +3.6% |
| Other amounts receivable | 41 | €18,905 | €12,300 | -€6,604 | -34.9% |
| Cash at bank and in hand | 54/58 | €17,199 | €24,453 | +€7,255 | +42.2% |
| Deferred charges and accrued income | 490/1 | €5,579 | €3,263 | -€2,316 | -41.5% |
| Total equity and liabilities | 10/49 | €984,937 | €945,150 | -€39,787 | -4.0% |
| Equity | 10/15 | €149,834 | €187,392 | +€37,558 | +25.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,131 | €120,131 | +€35,000 | +41.1% |
| Distributable reserves | 133 | €85,131 | €120,131 | +€35,000 | +41.1% |
| Profit (loss) carried forward | 14 | €46,104 | €48,661 | +€2,558 | +5.5% |
| Amounts payable | 17/49 | €835,103 | €757,758 | -€77,345 | -9.3% |
| Amounts payable after more than one year | 17 | €208,429 | €139,237 | -€69,192 | -33.2% |
| Financial debts | 170/4 | €208,429 | €139,237 | -€69,192 | -33.2% |
| Amounts payable within one year | 42/48 | €626,674 | €615,168 | -€11,506 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €141,213 | €69,192 | -€72,021 | -51.0% |
| Financial debts | 43 | €319,406 | €393,078 | +€73,671 | +23.1% |
| Credit institutions | 430/8 | €220,802 | €294,474 | +€73,671 | +33.4% |
| Other loans | 439 | €98,604 | €98,604 | = | 0.0% |
| Trade debts | 44 | €36,683 | €93,246 | +€56,563 | +154% |
| Suppliers | 440/4 | €36,683 | €93,246 | +€56,563 | +154% |
| Taxes, remuneration and social security | 45 | €89,292 | €39,696 | -€49,596 | -55.5% |
| Taxes | 450/3 | €77,187 | €4,783 | -€72,405 | -93.8% |
| Remuneration and social security | 454/9 | €12,104 | €34,913 | +€22,809 | +188% |
| Other amounts payable | 47/48 | €40,080 | €19,956 | -€20,124 | -50.2% |
| Accrued charges and deferred income | 492/3 | - | €3,354 | +€3,354 | |
| Non-recurring operating income | 76A | €44,936 | - | -€44,936 | |
| Remuneration, social security and pensions | 62 | €126,445 | €176,821 | +€50,376 | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,241 | €25,843 | +€2,601 | +11.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,586 | +€4,586 | |
| Other operating charges | 640/8 | €16,384 | €1,224 | -€15,160 | -92.5% |
| Gross operating margin | 9900 | €351,371 | €314,375 | -€36,997 | -10.5% |
| Operating profit (loss) | 9901 | €185,301 | €105,902 | -€79,400 | -42.8% |
| Financial income | 75/76B | €2,514 | €13,102 | +€10,588 | +421% |
| Recurring financial income | 75 | €2,514 | €13,102 | +€10,588 | +421% |
| Financial charges | 65/66B | €105,183 | €59,803 | -€45,380 | -43.1% |
| Recurring financial charges | 65 | €105,183 | €59,803 | -€45,380 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €82,631 | €59,200 | -€23,431 | -28.4% |
| Income taxes | 67/77 | €393 | €21,643 | +€21,250 | +5,409% |
| Profit (loss) for the period | 9904 | €82,239 | €37,558 | -€44,681 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €82,239 | €37,558 | -€44,681 | -54.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.