Capital-X: 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-X
Largest movements
- Receivables within one year +€287,178
up €287,178 (+737%), from €38,962 to €326,140
of which Other amounts receivable: +€314,332
- Profit (loss) carried forward +€328,421
up €328,421 (+209%), from €157,428 to €485,850
- Debts after one year -€327,812
down €327,812 (-23.1%), from €1.4m to €1.1m
- Other debts +€300,000
up €300,000 (+10,000%), from €3,000 to €303,000
- Financial income +€324,953
up €324,953 (+11,362%), from €2,860 to €327,813
- Staff costs -€37,850
down €37,850 (-27.5%), from €137,882 to €100,032
- Financial charges -€6,742
down €6,742 (-90.1%), from €7,482 to €740
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 | €1,655,960 | €1,949,919 | +€293,959 | +17.8% |
| Fixed assets | 21/28 | €1,614,723 | €1,614,723 | = | 0.0% |
| Financial fixed assets | 28 | €1,614,723 | €1,614,723 | = | 0.0% |
| Current assets | 29/58 | €41,236 | €335,195 | +€293,959 | +713% |
| Amounts receivable within one year | 40/41 | €38,962 | €326,140 | +€287,178 | +737% |
| Trade receivables | 40 | €38,962 | €11,808 | -€27,154 | -69.7% |
| Other amounts receivable | 41 | - | €314,332 | +€314,332 | |
| Cash at bank and in hand | 54/58 | €2,274 | €9,055 | +€6,781 | +298% |
| Total equity and liabilities | 10/49 | €1,655,960 | €1,949,919 | +€293,959 | +17.8% |
| Equity | 10/15 | €162,428 | €490,850 | +€328,421 | +202% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,428 | €485,850 | +€328,421 | +209% |
| Amounts payable | 17/49 | €1,493,531 | €1,459,069 | -€34,463 | -2.3% |
| Amounts payable after more than one year | 17 | €1,422,010 | €1,094,198 | -€327,812 | -23.1% |
| Financial debts | 170/4 | €1,422,010 | €1,094,198 | -€327,812 | -23.1% |
| Amounts payable within one year | 42/48 | €71,522 | €364,871 | +€293,349 | +410% |
| Current portion of amounts payable after more than one year | 42 | €11,950 | €11,950 | = | 0.0% |
| Trade debts | 44 | €33,595 | €30,286 | -€3,308 | -9.8% |
| Suppliers | 440/4 | €33,595 | €30,286 | -€3,308 | -9.8% |
| Taxes, remuneration and social security | 45 | €22,977 | €19,635 | -€3,342 | -14.5% |
| Taxes | 450/3 | €5,085 | €1,743 | -€3,342 | -65.7% |
| Remuneration and social security | 454/9 | €17,892 | €17,892 | = | 0.0% |
| Other amounts payable | 47/48 | €3,000 | €303,000 | +€300,000 | +10,000% |
| Remuneration, social security and pensions | 62 | €137,882 | €100,032 | -€37,850 | -27.5% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €101,734 | €101,525 | -€209 | -0.2% |
| Operating profit (loss) | 9901 | -€36,288 | €1,349 | +€37,637 | |
| Financial income | 75/76B | €2,860 | €327,813 | +€324,953 | +11,362% |
| Recurring financial income | 75 | €2,860 | €327,813 | +€324,953 | +11,362% |
| Financial charges | 65/66B | €7,482 | €740 | -€6,742 | -90.1% |
| Recurring financial charges | 65 | €7,482 | €740 | -€6,742 | -90.1% |
| Profit (loss) for the period before taxes | 9903 | -€40,910 | €328,421 | +€369,332 | |
| Profit (loss) for the period | 9904 | -€40,910 | €328,421 | +€369,332 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,910 | €328,421 | +€369,332 |
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 29 October 2026 via checked.be.