Capit@link: 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.
Capit@link
Largest movements
- Cash +€149,498
up €149,498 (+20.2%), from €741,007 to €890,505
mainly Depreciation (+€65,179) and Net result for the year (+€45,682)
- Tangible fixed assets -€65,179
down €65,179 (-10.8%), from €603,022 to €537,843
of which Land and buildings: -€53,702
- Reserves +€45,000
up €45,000 (+2419.4%), from €1,860 to €46,860
of which Distributable reserves: +€45,000
- Tax, wage and social debts +€30,303
up €30,303 (+202020.0%), from €15 to €30,318
of which Taxes: +€19,500
- Gross operating margin -€6,444
down €6,444 (-4.5%), from €142,190 to €135,746
- Taxes +€2,844
up €2,844 (+17.1%), from €16,656 to €19,500
- Financial income -€2,185
no longer reported in 2025 (was €2,185)
of which Financial income: -€2,185
- Other operating charges -€1,732
down €1,732 (-24.7%), from €7,019 to €5,287
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 | €1,461,660 | €1,538,364 | +€76,704 | +5.2% |
| Fixed assets | 21/28 | €703,071 | €637,892 | -€65,179 | -9.3% |
| Tangible fixed assets | 22/27 | €603,022 | €537,843 | -€65,179 | -10.8% |
| Land and buildings | 22 | €573,435 | €519,733 | -€53,702 | -9.4% |
| Furniture and vehicles | 24 | €29,587 | €18,110 | -€11,477 | -38.8% |
| Financial fixed assets | 28 | €100,049 | €100,049 | = | 0.0% |
| Current assets | 29/58 | €758,589 | €900,472 | +€141,883 | +18.7% |
| Amounts receivable within one year | 40/41 | €14,000 | €6,000 | -€8,000 | -57.1% |
| Trade receivables | 40 | €8,000 | - | -€8,000 | |
| Other amounts receivable | 41 | €6,000 | €6,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €741,007 | €890,505 | +€149,498 | +20.2% |
| Deferred charges and accrued income | 490/1 | €3,582 | €3,967 | +€385 | +10.7% |
| Total equity and liabilities | 10/49 | €1,461,660 | €1,538,364 | +€76,704 | +5.2% |
| Equity | 10/15 | €1,410,763 | €1,456,445 | +€45,682 | +3.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €46,860 | +€45,000 | +2419.4% |
| 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 | - | €45,000 | +€45,000 | |
| Profit (loss) carried forward | 14 | €1,396,503 | €1,397,185 | +€682 | 0.0% |
| Amounts payable | 17/49 | €50,897 | €81,919 | +€31,022 | +61.0% |
| Amounts payable within one year | 42/48 | €50,897 | €81,919 | +€31,022 | +61.0% |
| Trade debts | 44 | €10,753 | €15,163 | +€4,410 | +41.0% |
| Suppliers | 440/4 | €10,753 | €15,163 | +€4,410 | +41.0% |
| Advances received on contracts in progress | 46 | €15,560 | €20,000 | +€4,440 | +28.5% |
| Taxes, remuneration and social security | 45 | €15 | €30,318 | +€30,303 | +202020.0% |
| Taxes | 450/3 | €15 | €19,515 | +€19,500 | +130000.0% |
| Remuneration and social security | 454/9 | - | €10,803 | +€10,803 | |
| Other amounts payable | 47/48 | €24,569 | €16,438 | -€8,131 | -33.1% |
| Non-recurring operating income | 76A | - | €434 | +€434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,853 | €65,179 | +€1,326 | +2.1% |
| Other operating charges | 640/8 | €7,019 | €5,287 | -€1,732 | -24.7% |
| Non-recurring operating charges | 66A | €1,029 | - | -€1,029 | |
| Gross operating margin | 9900 | €142,190 | €135,746 | -€6,444 | -4.5% |
| Operating profit (loss) | 9901 | €70,289 | €65,280 | -€5,009 | -7.1% |
| Financial income | 75/76B | €2,185 | - | -€2,185 | |
| Recurring financial income | 75 | €2,185 | - | -€2,185 | |
| Non-recurring financial income | 76B | €2,185 | - | -€2,185 | |
| Financial charges | 65/66B | €161 | €98 | -€63 | -39.1% |
| Recurring financial charges | 65 | €161 | €98 | -€63 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €72,313 | €65,182 | -€7,131 | -9.9% |
| Income taxes | 67/77 | €16,656 | €19,500 | +€2,844 | +17.1% |
| Profit (loss) for the period | 9904 | €55,657 | €45,682 | -€9,975 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,657 | €45,682 | -€9,975 | -17.9% |
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 8 October 2026 via checked.be.