CAPITAL CLEAN: 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.
CAPITAL CLEAN
Largest movements
- Receivables within one year -€4,761
down €4,761 (-4.9%), from €97,179 to €92,418
of which Trade receivables: -€5,037
- Tax, wage and social debts -€16,107
down €16,107 (-49.4%), from €32,597 to €16,490
of which Taxes: -€8,071
- Trade debts +€8,276
up €8,276 (+38.9%), from €21,298 to €29,574
- Reserves +€2,500
up €2,500 (+18.8%), from €13,299 to €15,799
of which Distributable reserves: +€2,500
- Short-term financial debts +€1,329
up €1,329 (+48.9%), from €2,716 to €4,045
- Gross operating margin -€5,670
down €5,670 (-44.7%), from €12,695 to €7,025
- Taxes -€5,220
down €5,220 (-81.6%), from €6,394 to €1,175
- Financial charges +€816
up €816 (+45.9%), from €1,777 to €2,593
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 | €97,881 | €93,972 | -€3,910 | -4.0% |
| Current assets | 29/58 | €97,881 | €93,972 | -€3,910 | -4.0% |
| Amounts receivable within one year | 40/41 | €97,179 | €92,418 | -€4,761 | -4.9% |
| Trade receivables | 40 | €94,803 | €89,766 | -€5,037 | -5.3% |
| Other amounts receivable | 41 | €2,377 | €2,652 | +€275 | +11.6% |
| Cash at bank and in hand | 54/58 | €481 | €715 | +€235 | +48.8% |
| Deferred charges and accrued income | 490/1 | €221 | €838 | +€617 | +278.8% |
| Total equity and liabilities | 10/49 | €97,881 | €93,972 | -€3,910 | -4.0% |
| Equity | 10/15 | €41,271 | €43,863 | +€2,592 | +6.3% |
| Contributions | 10/11 | €14,060 | €14,060 | = | 0.0% |
| Reserves | 13 | €13,299 | €15,799 | +€2,500 | +18.8% |
| Tax-exempt reserves | 132 | €1,899 | €1,899 | = | 0.0% |
| Distributable reserves | 133 | €11,400 | €13,900 | +€2,500 | +21.9% |
| Profit (loss) carried forward | 14 | €13,912 | €14,004 | +€92 | +0.7% |
| Amounts payable | 17/49 | €56,611 | €50,109 | -€6,502 | -11.5% |
| Amounts payable within one year | 42/48 | €56,611 | €50,109 | -€6,502 | -11.5% |
| Financial debts | 43 | €2,716 | €4,045 | +€1,329 | +48.9% |
| Credit institutions | 430/8 | €2,716 | €4,045 | +€1,329 | +48.9% |
| Trade debts | 44 | €21,298 | €29,574 | +€8,276 | +38.9% |
| Suppliers | 440/4 | €21,298 | €29,574 | +€8,276 | +38.9% |
| Taxes, remuneration and social security | 45 | €32,597 | €16,490 | -€16,107 | -49.4% |
| Taxes | 450/3 | €12,316 | €4,244 | -€8,071 | -65.5% |
| Remuneration and social security | 454/9 | €20,281 | €12,246 | -€8,036 | -39.6% |
| Non-recurring operating income | 76A | - | €324 | +€324 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23 | €0 | -€23 | -100.0% |
| Other operating charges | 640/8 | €739 | €763 | +€24 | +3.2% |
| Gross operating margin | 9900 | €12,695 | €7,025 | -€5,670 | -44.7% |
| Operating profit (loss) | 9901 | €11,932 | €6,262 | -€5,671 | -47.5% |
| Financial income | 75/76B | €0 | €97 | +€97 | +97180.0% |
| Recurring financial income | 75 | €0 | €97 | +€97 | +97180.0% |
| Financial charges | 65/66B | €1,777 | €2,593 | +€816 | +45.9% |
| Recurring financial charges | 65 | €1,777 | €2,593 | +€816 | +45.9% |
| Profit (loss) for the period before taxes | 9903 | €10,156 | €3,767 | -€6,389 | -62.9% |
| Income taxes | 67/77 | €6,394 | €1,175 | -€5,220 | -81.6% |
| Profit (loss) for the period | 9904 | €3,762 | €2,592 | -€1,170 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,762 | €2,592 | -€1,170 | -31.1% |
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.