Capitalise: 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.
Capitalise
Largest movements
- Cash +€19,345
up €19,345 (+28.5%), from €67,896 to €87,241
mainly Net result for the year (+€21,169) and Tax, wage and social debts (+€4,674)
- Receivables within one year +€9,571
up €9,571 (+96.2%), from €9,947 to €19,518
of which Other amounts receivable: +€10,080
- Profit (loss) carried forward +€21,169
up €21,169 (+38.7%), from €54,654 to €75,823
- Tax, wage and social debts +€4,674
up €4,674 (+21.9%), from €21,304 to €25,979
of which Taxes: +€7,537
- Trade debts +€2,902
up €2,902 (+181%), from €1,602 to €4,504
- Turnover -€148,088
no longer reported in 2025 (was €148,088)
- Purchases and services -€81,860
no longer reported in 2025 (was €81,860)
- Gross operating margin -€40,973
down €40,973 (-58.3%), from €70,287 to €29,314
- Taxes -€7,915
down €7,915 (-54.2%), from €14,597 to €6,682
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 | €78,561 | €107,305 | +€28,745 | +36.6% |
| Fixed assets | 21/28 | €718 | €546 | -€171 | -23.9% |
| Tangible fixed assets | 22/27 | €718 | €546 | -€171 | -23.9% |
| Furniture and vehicles | 24 | €718 | €546 | -€171 | -23.9% |
| Current assets | 29/58 | €77,843 | €106,759 | +€28,916 | +37.1% |
| Amounts receivable within one year | 40/41 | €9,947 | €19,518 | +€9,571 | +96.2% |
| Trade receivables | 40 | €9,947 | €9,438 | -€509 | -5.1% |
| Other amounts receivable | 41 | - | €10,080 | +€10,080 | |
| Cash at bank and in hand | 54/58 | €67,896 | €87,241 | +€19,345 | +28.5% |
| Total equity and liabilities | 10/49 | €78,561 | €107,305 | +€28,745 | +36.6% |
| Equity | 10/15 | €55,654 | €76,823 | +€21,169 | +38.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,654 | €75,823 | +€21,169 | +38.7% |
| Amounts payable | 17/49 | €22,906 | €30,482 | +€7,576 | +33.1% |
| Amounts payable within one year | 42/48 | €22,906 | €30,482 | +€7,576 | +33.1% |
| Trade debts | 44 | €1,602 | €4,504 | +€2,902 | +181% |
| Suppliers | 440/4 | €1,602 | €4,504 | +€2,902 | +181% |
| Taxes, remuneration and social security | 45 | €21,304 | €25,979 | +€4,674 | +21.9% |
| Taxes | 450/3 | €18,441 | €25,979 | +€7,537 | +40.9% |
| Remuneration and social security | 454/9 | €2,863 | €0 | -€2,863 | -100% |
| Turnover | 70 | €148,088 | - | -€148,088 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €81,860 | - | -€81,860 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138 | €171 | +€33 | +23.6% |
| Other operating charges | 640/8 | €800 | €954 | +€153 | +19.2% |
| Gross operating margin | 9900 | €70,287 | €29,314 | -€40,973 | -58.3% |
| Operating profit (loss) | 9901 | €69,348 | €28,189 | -€41,159 | -59.4% |
| Financial income | 75/76B | - | €376 | +€376 | |
| Recurring financial income | 75 | - | €376 | +€376 | |
| Financial charges | 65/66B | €97 | €715 | +€618 | +638% |
| Recurring financial charges | 65 | €97 | €715 | +€618 | +638% |
| Profit (loss) for the period before taxes | 9903 | €69,251 | €27,851 | -€41,401 | -59.8% |
| Income taxes | 67/77 | €14,597 | €6,682 | -€7,915 | -54.2% |
| Profit (loss) for the period | 9904 | €54,654 | €21,169 | -€33,485 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,654 | €21,169 | -€33,485 | -61.3% |
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 22 October 2026 via checked.be.