CAPITAL PARTNERS: 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.
CAPITAL PARTNERS
Largest movements
- Cash +€70,297
up €70,297 (+58.4%), from €120,446 to €190,744
mainly Net result for the year (+€64,919) and Tax, wage and social debts (+€16,084)
- Receivables within one year +€6,015
up €6,015 (+4.2%), from €141,779 to €147,794
of which Other amounts receivable: +€13,862
- Reserves +€64,919
up €64,919 (+22.7%), from €286,249 to €351,168
of which Distributable reserves: +€64,919
- Tax, wage and social debts +€16,084
up €16,084 (+5,934%), from €271 to €16,355
- Trade debts -€4,690
down €4,690 (-49.3%), from €9,505 to €4,815
- Gross operating margin +€120,731
up €120,731, from -€51,877 to €68,854
- Taxes +€8,810
up €8,810 (+6,314%), from €140 to €8,949
- Financial charges +€2,283
up €2,283 (+1,450%), from €158 to €2,441
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 | €302,225 | €378,538 | +€76,313 | +25.3% |
| Current assets | 29/58 | €302,225 | €378,538 | +€76,313 | +25.3% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €141,779 | €147,794 | +€6,015 | +4.2% |
| Trade receivables | 40 | €7,847 | €0 | -€7,847 | -100% |
| Other amounts receivable | 41 | €133,932 | €147,794 | +€13,862 | +10.3% |
| Cash at bank and in hand | 54/58 | €120,446 | €190,744 | +€70,297 | +58.4% |
| Total equity and liabilities | 10/49 | €302,225 | €378,538 | +€76,313 | +25.3% |
| Equity | 10/15 | €292,449 | €357,368 | +€64,919 | +22.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €286,249 | €351,168 | +€64,919 | +22.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €418 | €418 | = | 0.0% |
| Distributable reserves | 133 | €283,971 | €348,890 | +€64,919 | +22.9% |
| Amounts payable | 17/49 | €9,776 | €21,170 | +€11,393 | +117% |
| Amounts payable within one year | 42/48 | €9,776 | €21,170 | +€11,393 | +117% |
| Trade debts | 44 | €9,505 | €4,815 | -€4,690 | -49.3% |
| Suppliers | 440/4 | €9,505 | €4,815 | -€4,690 | -49.3% |
| Taxes, remuneration and social security | 45 | €271 | €16,355 | +€16,084 | +5,934% |
| Taxes | 450/3 | €271 | €16,355 | +€16,084 | +5,934% |
| Other operating charges | 640/8 | €1,266 | €1,416 | +€150 | +11.9% |
| Gross operating margin | 9900 | -€51,877 | €68,854 | +€120,731 | |
| Operating profit (loss) | 9901 | -€53,142 | €67,438 | +€120,580 | |
| Financial income | 75/76B | €9,358 | €8,872 | -€486 | -5.2% |
| Recurring financial income | 75 | €9,358 | €8,872 | -€486 | -5.2% |
| Financial charges | 65/66B | €158 | €2,441 | +€2,283 | +1,450% |
| Recurring financial charges | 65 | €158 | €2,441 | +€2,283 | +1,450% |
| Profit (loss) for the period before taxes | 9903 | -€43,942 | €73,869 | +€117,811 | |
| Income taxes | 67/77 | €140 | €8,949 | +€8,810 | +6,314% |
| Profit (loss) for the period | 9904 | -€44,082 | €64,919 | +€109,001 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,082 | €64,919 | +€109,001 |
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 19 October 2026 via checked.be.