CAPFLOW: 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.
CAPFLOW
Largest movements
- Receivables within one year +€8,168
up €8,168 (+46.0%), from €17,744 to €25,913
of which Other amounts receivable: +€8,168
- Stocks and contracts +€5,300
up €5,300 (+31.8%), from €16,677 to €21,977
- Trade debts +€17,806
up €17,806 (+5628.5%), from €316 to €18,122
- Profit (loss) carried forward -€3,497
down €3,497 (-0.7%), from -€493,869 to -€497,366
- Other debts -€1,008
down €1,008 (-100.0%), from €1,008 to €0
- Gross operating margin -€3,079
down €3,079, from €274 to -€2,805
- Financial charges +€642
up €642 (+1262.5%), from €51 to €693
- Other operating charges -€118
down €118 (-100.0%), from €118 to €0
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 | €34,426 | €47,897 | +€13,471 | +39.1% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Land and buildings | 22 | €0 | €0 | = | |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €34,426 | €47,897 | +€13,471 | +39.1% |
| Stocks and contracts in progress | 3 | €16,677 | €21,977 | +€5,300 | +31.8% |
| Stocks | 30/36 | €16,677 | €21,977 | +€5,300 | +31.8% |
| Amounts receivable within one year | 40/41 | €17,744 | €25,913 | +€8,168 | +46.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €17,744 | €25,913 | +€8,168 | +46.0% |
| Cash at bank and in hand | 54/58 | €4 | €7 | +€2 | +60.6% |
| Total equity and liabilities | 10/49 | €34,426 | €47,897 | +€13,471 | +39.1% |
| Equity | 10/15 | €29,769 | €26,272 | -€3,497 | -11.7% |
| Contributions | 10/11 | €522,699 | €522,699 | = | 0.0% |
| Capital | 10 | €522,699 | €522,699 | = | 0.0% |
| Issued capital | 100 | €522,699 | €522,699 | = | 0.0% |
| Reserves | 13 | €939 | €939 | = | 0.0% |
| Non-distributable reserves | 130/1 | €939 | €939 | = | 0.0% |
| Legal reserve | 130 | €939 | €939 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€493,869 | -€497,366 | -€3,497 | -0.7% |
| Amounts payable | 17/49 | €4,657 | €21,625 | +€16,968 | +364.4% |
| Amounts payable within one year | 42/48 | €4,657 | €21,625 | +€16,968 | +364.4% |
| Trade debts | 44 | €316 | €18,122 | +€17,806 | +5628.5% |
| Suppliers | 440/4 | €316 | €18,122 | +€17,806 | +5628.5% |
| Taxes, remuneration and social security | 45 | €3,332 | €3,503 | +€171 | +5.1% |
| Taxes | 450/3 | €3,332 | €3,503 | +€171 | +5.1% |
| Other amounts payable | 47/48 | €1,008 | €0 | -€1,008 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Other operating charges | 640/8 | €118 | €0 | -€118 | -100.0% |
| Gross operating margin | 9900 | €274 | -€2,805 | -€3,079 | |
| Operating profit (loss) | 9901 | €156 | -€2,805 | -€2,961 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | = | |
| Non-recurring financial income | 76B | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €51 | €693 | +€642 | +1262.5% |
| Recurring financial charges | 65 | €51 | €693 | +€642 | +1262.5% |
| Profit (loss) for the period before taxes | 9903 | €105 | -€3,497 | -€3,603 | |
| Profit (loss) for the period | 9904 | €105 | -€3,497 | -€3,603 | |
| Profit (loss) for the period to be appropriated | 9905 | €105 | -€3,497 | -€3,603 |
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 29 September 2026 via checked.be.