CAPITAINE NEMO: 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.
CAPITAINE NEMO
Largest movements
- Cash -€362,968
down €362,968 (-97.6%), from €371,806 to €8,838
mainly Investment in fixed assets (net) (-€350,901) and Net result for the year (-€153,928)
- Financial fixed assets +€350,901
up €350,901 (+225%), from €155,917 to €506,818
- Receivables within one year +€28,125
new in 2025: €28,125
- Reserves -€252,600
no longer reported in 2025 (was €252,600)
- Trade debts +€201,784
up €201,784 (+3,514%), from €5,743 to €207,526
- Other debts +€88,490
new in 2025: €88,490
- Tax, wage and social debts -€31,797
no longer reported in 2025 (was €31,797)
- Profit (loss) carried forward +€10,182
no longer reported in 2025 (was -€10,182)
- Other operating charges +€157,421
up €157,421 (+11,499%), from €1,369 to €158,790
- Financial income +€14,682
up €14,682 (+90.5%), from €16,220 to €30,901
- Gross operating margin -€2,338
down €2,338 (-10.4%), from -€22,401 to -€24,739
- Financial charges -€1,331
down €1,331 (-50.6%), from €2,631 to €1,301
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 | €529,958 | €546,016 | +€16,058 | +3.0% |
| Fixed assets | 21/28 | €155,917 | €506,818 | +€350,901 | +225% |
| Financial fixed assets | 28 | €155,917 | €506,818 | +€350,901 | +225% |
| Current assets | 29/58 | €374,041 | €39,198 | -€334,843 | -89.5% |
| Stocks and contracts in progress | 3 | €2,235 | €2,235 | = | 0.0% |
| Stocks | 30/36 | €2,235 | €2,235 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €28,125 | +€28,125 | |
| Trade receivables | 40 | - | €28,125 | +€28,125 | |
| Cash at bank and in hand | 54/58 | €371,806 | €8,838 | -€362,968 | -97.6% |
| Total equity and liabilities | 10/49 | €529,958 | €546,016 | +€16,058 | +3.0% |
| Equity | 10/15 | €492,418 | €250,000 | -€242,418 | -49.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €252,600 | - | -€252,600 | |
| Distributable reserves | 133 | €252,600 | - | -€252,600 | |
| Profit (loss) carried forward | 14 | -€10,182 | - | +€10,182 | |
| Amounts payable | 17/49 | €37,540 | €296,016 | +€258,476 | +689% |
| Amounts payable within one year | 42/48 | €37,540 | €296,016 | +€258,476 | +689% |
| Trade debts | 44 | €5,743 | €207,526 | +€201,784 | +3,514% |
| Suppliers | 440/4 | €5,743 | €207,526 | +€201,784 | +3,514% |
| Taxes, remuneration and social security | 45 | €31,797 | - | -€31,797 | |
| Taxes | 450/3 | €31,797 | - | -€31,797 | |
| Other amounts payable | 47/48 | - | €88,490 | +€88,490 | |
| Other operating charges | 640/8 | €1,369 | €158,790 | +€157,421 | +11,499% |
| Gross operating margin | 9900 | -€22,401 | -€24,739 | -€2,338 | -10.4% |
| Operating profit (loss) | 9901 | -€23,770 | -€183,529 | -€159,759 | -672% |
| Financial income | 75/76B | €16,220 | €30,901 | +€14,682 | +90.5% |
| Recurring financial income | 75 | €16,220 | €30,901 | +€14,682 | +90.5% |
| Financial charges | 65/66B | €2,631 | €1,301 | -€1,331 | -50.6% |
| Recurring financial charges | 65 | €2,631 | €1,301 | -€1,331 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,182 | -€153,928 | -€143,747 | -1,412% |
| Profit (loss) for the period | 9904 | -€10,182 | -€153,928 | -€143,747 | -1,412% |
| Transfer from tax-exempt reserves | 789 | €252,600 | - | -€252,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €242,418 | -€153,928 | -€396,347 |
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 17 October 2026 via checked.be.