CAP Source: 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 Source
Largest movements
- Cash +€4,976
up €4,976 (+52.2%), from €9,529 to €14,506
mainly Net result for the year (+€11,713) and Receivables within one year (+€4,204)
- Receivables within one year -€4,204
down €4,204 (-22.3%), from €18,833 to €14,629
of which Trade receivables: -€7,172
- Tangible fixed assets -€771
down €771 (-62.9%), from €1,226 to €455
- Profit (loss) carried forward +€11,713
up €11,713, from -€11,215 to €498
- Other debts -€8,789
down €8,789 (-55.4%), from €15,872 to €7,083
- Tax, wage and social debts -€5,681
down €5,681 (-24.5%), from €23,184 to €17,503
of which Remuneration and social security: -€3,626
- Trade debts +€2,721
up €2,721 (+149.3%), from €1,823 to €4,543
- Gross operating margin +€19,092
up €19,092, from -€682 to €18,411
- Taxes +€3,345
up €3,345 (+297.9%), from €1,123 to €4,469
- Other operating charges -€778
down €778 (-36.8%), from €2,116 to €1,337
- Depreciation -€276
down €276 (-26.3%), from €1,046 to €771
- Financial income +€203
up €203 (+26730.3%), from €1 to €204
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 | €48,263 | €48,227 | -€36 | -0.1% |
| Fixed assets | 21/28 | €1,500 | €680 | -€821 | -54.7% |
| Tangible fixed assets | 22/27 | €1,226 | €455 | -€771 | -62.9% |
| Furniture and vehicles | 24 | €1,226 | €455 | -€771 | -62.9% |
| Financial fixed assets | 28 | €274 | €224 | -€50 | -18.2% |
| Current assets | 29/58 | €46,763 | €47,547 | +€784 | +1.7% |
| Stocks and contracts in progress | 3 | €16,577 | €16,577 | = | 0.0% |
| Stocks | 30/36 | €16,577 | €16,577 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,833 | €14,629 | -€4,204 | -22.3% |
| Trade receivables | 40 | €18,821 | €11,650 | -€7,172 | -38.1% |
| Other amounts receivable | 41 | €11 | €2,979 | +€2,968 | +26261.5% |
| Current investments | 50/53 | €9 | €9 | -€0 | -4.5% |
| Cash at bank and in hand | 54/58 | €9,529 | €14,506 | +€4,976 | +52.2% |
| Deferred charges and accrued income | 490/1 | €1,814 | €1,827 | +€13 | +0.7% |
| Total equity and liabilities | 10/49 | €48,263 | €48,227 | -€36 | -0.1% |
| Equity | 10/15 | €7,385 | €19,098 | +€11,713 | +158.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,215 | €498 | +€11,713 | |
| Amounts payable | 17/49 | €40,878 | €29,129 | -€11,750 | -28.7% |
| Amounts payable within one year | 42/48 | €40,878 | €29,129 | -€11,750 | -28.7% |
| Trade debts | 44 | €1,823 | €4,543 | +€2,721 | +149.3% |
| Suppliers | 440/4 | €1,823 | €4,543 | +€2,721 | +149.3% |
| Taxes, remuneration and social security | 45 | €23,184 | €17,503 | -€5,681 | -24.5% |
| Taxes | 450/3 | €12,855 | €10,799 | -€2,056 | -16.0% |
| Remuneration and social security | 454/9 | €10,329 | €6,704 | -€3,626 | -35.1% |
| Other amounts payable | 47/48 | €15,872 | €7,083 | -€8,789 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,046 | €771 | -€276 | -26.3% |
| Other operating charges | 640/8 | €2,116 | €1,337 | -€778 | -36.8% |
| Gross operating margin | 9900 | -€682 | €18,411 | +€19,092 | |
| Operating profit (loss) | 9901 | -€3,844 | €16,303 | +€20,146 | |
| Financial income | 75/76B | €1 | €204 | +€203 | +26730.3% |
| Recurring financial income | 75 | €1 | €204 | +€203 | +26730.3% |
| Financial charges | 65/66B | €347 | €325 | -€22 | -6.4% |
| Recurring financial charges | 65 | €347 | €325 | -€22 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,190 | €16,182 | +€20,372 | |
| Income taxes | 67/77 | €1,123 | €4,469 | +€3,345 | +297.9% |
| Profit (loss) for the period | 9904 | -€5,313 | €11,713 | +€17,026 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,313 | €11,713 | +€17,026 |
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 12 October 2026 via checked.be.