CAPACITIES: 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.
CAPACITIES
Largest movements
- Cash -€60,374
down €60,374 (-51.5%), from €117,303 to €56,929
mainly Contributions, distributions and other (-€30,000) and Net result for the year (-€25,030)
- Receivables within one year -€18,643
down €18,643 (-90.3%), from €20,654 to €2,011
of which Other amounts receivable: -€10,657
- Current investments +€14,541
up €14,541 (+14.7%), from €98,628 to €113,169
- Tangible fixed assets -€4,800
down €4,800 (-64.1%), from €7,483 to €2,683
- Reserves -€30,000
down €30,000 (-14.0%), from €214,684 to €184,684
of which Distributable reserves: -€30,000
- Profit (loss) carried forward -€25,030
down €25,030, from €630 to -€24,400
- Tax, wage and social debts -€11,790
down €11,790 (-97.3%), from €12,121 to €331
of which Taxes: -€11,940
- Trade debts -€2,870
down €2,870 (-57.1%), from €5,025 to €2,155
- Gross operating margin -€41,218
down €41,218, from €21,686 to -€19,532
- Taxes -€5,172
down €5,172 (-96.6%), from €5,353 to €181
- Depreciation +€2,683
up €2,683 (+127%), from €2,117 to €4,800
- Financial income -€334
down €334 (-73.4%), from €455 to €121
- Financial charges -€271
down €271 (-83.1%), from €326 to €55
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 | €244,879 | €176,362 | -€68,517 | -28.0% |
| Fixed assets | 21/28 | €7,483 | €2,683 | -€4,800 | -64.1% |
| Tangible fixed assets | 22/27 | €7,483 | €2,683 | -€4,800 | -64.1% |
| Furniture and vehicles | 24 | €7,483 | €2,683 | -€4,800 | -64.1% |
| Current assets | 29/58 | €237,396 | €173,680 | -€63,717 | -26.8% |
| Amounts receivable within one year | 40/41 | €20,654 | €2,011 | -€18,643 | -90.3% |
| Trade receivables | 40 | €9,801 | €1,815 | -€7,986 | -81.5% |
| Other amounts receivable | 41 | €10,853 | €196 | -€10,657 | -98.2% |
| Current investments | 50/53 | €98,628 | €113,169 | +€14,541 | +14.7% |
| Cash at bank and in hand | 54/58 | €117,303 | €56,929 | -€60,374 | -51.5% |
| Deferred charges and accrued income | 490/1 | €812 | €1,571 | +€759 | +93.5% |
| Total equity and liabilities | 10/49 | €244,879 | €176,362 | -€68,517 | -28.0% |
| Equity | 10/15 | €227,714 | €172,684 | -€55,030 | -24.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €214,684 | €184,684 | -€30,000 | -14.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €212,824 | €182,824 | -€30,000 | -14.1% |
| Profit (loss) carried forward | 14 | €630 | -€24,400 | -€25,030 | |
| Amounts payable | 17/49 | €17,165 | €3,678 | -€13,487 | -78.6% |
| Amounts payable within one year | 42/48 | €17,165 | €3,678 | -€13,487 | -78.6% |
| Trade debts | 44 | €5,025 | €2,155 | -€2,870 | -57.1% |
| Suppliers | 440/4 | €5,025 | €2,155 | -€2,870 | -57.1% |
| Taxes, remuneration and social security | 45 | €12,121 | €331 | -€11,790 | -97.3% |
| Taxes | 450/3 | €12,121 | €181 | -€11,940 | -98.5% |
| Remuneration and social security | 454/9 | - | €150 | +€150 | |
| Other amounts payable | 47/48 | €19 | €1,192 | +€1,173 | +6,104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,117 | €4,800 | +€2,683 | +127% |
| Other operating charges | 640/8 | €656 | €583 | -€73 | -11.2% |
| Non-recurring operating charges | 66A | €2,410 | - | -€2,410 | |
| Gross operating margin | 9900 | €21,686 | -€19,532 | -€41,218 | |
| Operating profit (loss) | 9901 | €16,502 | -€24,915 | -€41,417 | |
| Financial income | 75/76B | €455 | €121 | -€334 | -73.4% |
| Recurring financial income | 75 | €455 | €121 | -€334 | -73.4% |
| Financial charges | 65/66B | €326 | €55 | -€271 | -83.1% |
| Recurring financial charges | 65 | €326 | €55 | -€271 | -83.1% |
| Profit (loss) for the period before taxes | 9903 | €16,631 | -€24,849 | -€41,480 | |
| Income taxes | 67/77 | €5,353 | €181 | -€5,172 | -96.6% |
| Profit (loss) for the period | 9904 | €11,278 | -€25,030 | -€36,308 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,278 | -€25,030 | -€36,308 |
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 15 October 2026 via checked.be.