CAPASIVO: what changed
Two fiscal 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.
CAPASIVO
Largest movements
- Tangible fixed assets +€7,553
up €7,553 (+5030.2%), from €150 to €7,704
of which Furniture and vehicles: +€7,704
- Cash -€3,729
down €3,729 (-89.9%), from €4,147 to €417
mainly Investment in fixed assets (net) (-€8,500) and Current portion of long-term debt (-€4,888)
- Receivables within one year -€512
down €512 (-13.5%), from €3,803 to €3,291
of which Trade receivables: -€512
- Other debts +€5,030
up €5,030 (+14.0%), from €36,043 to €41,072
- Current portion of long-term debt -€4,888
down €4,888 (-100.0%), from €4,888 to €0
- Profit (loss) carried forward +€4,390
up €4,390 (+11.5%), from -€38,336 to -€33,946
- Tax, wage and social debts -€877
down €877 (-75.4%), from €1,163 to €286
- Trade debts -€343
down €343 (-100.0%), from €343 to €0
- Gross operating margin +€3,554
up €3,554 (+127.4%), from €2,790 to €6,344
- Depreciation +€492
up €492 (+108.1%), from €455 to €947
- Financial charges -€155
down €155 (-58.7%), from €264 to €109
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 | €8,100 | €11,412 | +€3,312 | +40.9% |
| Fixed assets | 21/28 | €150 | €7,704 | +€7,553 | +5030.2% |
| Tangible fixed assets | 22/27 | €150 | €7,704 | +€7,553 | +5030.2% |
| Furniture and vehicles | 24 | €0 | €7,704 | +€7,704 | |
| Leasing and similar rights | 25 | €150 | €0 | -€150 | -100.0% |
| Current assets | 29/58 | €7,950 | €3,709 | -€4,241 | -53.4% |
| Amounts receivable within one year | 40/41 | €3,803 | €3,291 | -€512 | -13.5% |
| Trade receivables | 40 | €3,803 | €3,291 | -€512 | -13.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,147 | €417 | -€3,729 | -89.9% |
| Total equity and liabilities | 10/49 | €8,100 | €11,412 | +€3,312 | +40.9% |
| Equity | 10/15 | -€34,336 | -€29,946 | +€4,390 | +12.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,336 | -€33,946 | +€4,390 | +11.5% |
| Amounts payable | 17/49 | €42,436 | €41,359 | -€1,078 | -2.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €42,436 | €41,359 | -€1,078 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €4,888 | €0 | -€4,888 | -100.0% |
| Trade debts | 44 | €343 | €0 | -€343 | -100.0% |
| Suppliers | 440/4 | €343 | €0 | -€343 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,163 | €286 | -€877 | -75.4% |
| Taxes | 450/3 | €1,163 | €286 | -€877 | -75.4% |
| Other amounts payable | 47/48 | €36,043 | €41,072 | +€5,030 | +14.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €455 | €947 | +€492 | +108.1% |
| Other operating charges | 640/8 | €835 | €899 | +€63 | +7.6% |
| Gross operating margin | 9900 | €2,790 | €6,344 | +€3,554 | +127.4% |
| Operating profit (loss) | 9901 | €1,499 | €4,498 | +€2,999 | +200.1% |
| Financial charges | 65/66B | €264 | €109 | -€155 | -58.7% |
| Recurring financial charges | 65 | €264 | €109 | -€155 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €1,236 | €4,390 | +€3,154 | +255.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,236 | €4,390 | +€3,154 | +255.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,236 | €4,390 | +€3,154 | +255.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.