CAPITALE TOITURE: 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.
CAPITALE TOITURE
Largest movements
- Cash -€81,395
down €81,395 (-73.4%), from €110,900 to €29,506
mainly Trade debts (-€55,685) and Debts after one year (-€21,258)
- Tangible fixed assets -€12,968
down €12,968 (-3.8%), from €342,782 to €329,813
of which Furniture and vehicles: -€14,827
- Receivables within one year -€8,125
down €8,125 (-3.0%), from €266,618 to €258,493
of which Trade receivables: -€51,553
- Trade debts -€55,685
down €55,685 (-37.3%), from €149,315 to €93,630
- Debts after one year -€21,258
down €21,258 (-9.2%), from €231,653 to €210,394
- Accrued charges and deferred income -€21,145
no longer reported in 2025 (was €21,145)
- Tax, wage and social debts -€17,221
down €17,221 (-77.8%), from €22,142 to €4,921
of which Taxes: -€12,949
- Other debts +€12,608
up €12,608 (+21.7%), from €58,132 to €70,740
- Gross operating margin -€90,518
down €90,518 (-59.8%), from €151,374 to €60,855
- Staff costs -€18,953
down €18,953 (-55.4%), from €34,232 to €15,278
- Depreciation -€17,530
down €17,530 (-52.5%), from €33,366 to €15,836
- Financial charges -€10,023
down €10,023 (-47.5%), from €21,123 to €11,100
- Other operating charges -€8,987
down €8,987 (-27.8%), from €32,312 to €23,325
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 | €739,655 | €636,967 | -€102,688 | -13.9% |
| Fixed assets | 21/28 | €357,137 | €343,969 | -€13,168 | -3.7% |
| Intangible fixed assets | 21 | €455 | €255 | -€200 | -43.9% |
| Tangible fixed assets | 22/27 | €342,782 | €329,813 | -€12,968 | -3.8% |
| Land and buildings | 22 | €274,311 | €264,965 | -€9,346 | -3.4% |
| Plant, machinery and equipment | 23 | €17,851 | €29,056 | +€11,205 | +62.8% |
| Furniture and vehicles | 24 | €50,620 | €35,792 | -€14,827 | -29.3% |
| Financial fixed assets | 28 | €13,900 | €13,900 | = | 0.0% |
| Current assets | 29/58 | €382,518 | €292,999 | -€89,519 | -23.4% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €266,618 | €258,493 | -€8,125 | -3.0% |
| Trade receivables | 40 | €113,529 | €61,976 | -€51,553 | -45.4% |
| Other amounts receivable | 41 | €153,089 | €196,518 | +€43,428 | +28.4% |
| Cash at bank and in hand | 54/58 | €110,900 | €29,506 | -€81,395 | -73.4% |
| Total equity and liabilities | 10/49 | €739,655 | €636,967 | -€102,688 | -13.9% |
| Equity | 10/15 | €235,347 | €236,024 | +€678 | +0.3% |
| Contributions | 10/11 | €98,600 | €98,600 | = | 0.0% |
| Capital | 10 | €98,600 | €98,600 | = | 0.0% |
| Issued capital | 100 | €98,600 | €98,600 | = | 0.0% |
| Reserves | 13 | €135,860 | €136,860 | +€1,000 | +0.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €134,000 | €135,000 | +€1,000 | +0.7% |
| Profit (loss) carried forward | 14 | €887 | €564 | -€322 | -36.4% |
| Amounts payable | 17/49 | €504,308 | €400,943 | -€103,365 | -20.5% |
| Amounts payable after more than one year | 17 | €231,653 | €210,394 | -€21,258 | -9.2% |
| Financial debts | 170/4 | €231,653 | €210,394 | -€21,258 | -9.2% |
| Amounts payable within one year | 42/48 | €251,510 | €190,548 | -€60,962 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €21,921 | €21,258 | -€663 | -3.0% |
| Trade debts | 44 | €149,315 | €93,630 | -€55,685 | -37.3% |
| Suppliers | 440/4 | €149,315 | €93,630 | -€55,685 | -37.3% |
| Taxes, remuneration and social security | 45 | €22,142 | €4,921 | -€17,221 | -77.8% |
| Taxes | 450/3 | €17,379 | €4,430 | -€12,949 | -74.5% |
| Remuneration and social security | 454/9 | €4,762 | €491 | -€4,271 | -89.7% |
| Other amounts payable | 47/48 | €58,132 | €70,740 | +€12,608 | +21.7% |
| Accrued charges and deferred income | 492/3 | €21,145 | - | -€21,145 | |
| Remuneration, social security and pensions | 62 | €34,232 | €15,278 | -€18,953 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,366 | €15,836 | -€17,530 | -52.5% |
| Other operating charges | 640/8 | €32,312 | €23,325 | -€8,987 | -27.8% |
| Non-recurring operating charges | 66A | €36,055 | - | -€36,055 | |
| Gross operating margin | 9900 | €151,374 | €60,855 | -€90,518 | -59.8% |
| Operating profit (loss) | 9901 | €15,408 | €6,416 | -€8,992 | -58.4% |
| Financial income | 75/76B | €6,835 | €6,316 | -€519 | -7.6% |
| Recurring financial income | 75 | €6,835 | €6,316 | -€519 | -7.6% |
| Financial charges | 65/66B | €21,123 | €11,100 | -€10,023 | -47.5% |
| Recurring financial charges | 65 | €21,123 | €11,100 | -€10,023 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €1,120 | €1,633 | +€513 | +45.8% |
| Income taxes | 67/77 | €607 | €955 | +€348 | +57.4% |
| Profit (loss) for the period | 9904 | €513 | €678 | +€164 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €513 | €678 | +€164 | +32.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.