Capitall: 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.
Capitall
Largest movements
- Financial fixed assets +€4.2m
up €4.2m (+247%), from €1.7m to €5.8m
- Deferred charges and accrued income -€2.1m
down €2.1m (-99.9%), from €2.1m to €1,199
- Receivables within one year -€314,274
down €314,274 (-70.5%), from €445,689 to €131,415
of which Other amounts receivable: -€257,456
- Other debts +€2.3m
up €2.3m (+125%), from €1.8m to €4.1m
- Reserves -€355,038
down €355,038 (-18.3%), from €1.9m to €1.6m
- Trade debts -€119,401
down €119,401 (-72.4%), from €164,956 to €45,555
- Current portion of long-term debt -€76,657
down €76,657 (-100%), from €76,657 to €0
- Financial income -€2.0m
down €2.0m (-100.0%), from €2.0m to €24
- Gross operating margin -€564,474
down €564,474, from €292,305 to -€272,169
- Financial charges -€192,992
down €192,992 (-70.4%), from €274,022 to €81,030
- Other operating charges -€37,840
down €37,840 (-98.0%), from €38,622 to €782
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 | €4,590,539 | €6,324,128 | +€1.7m | +37.8% |
| Fixed assets | 21/28 | €1,680,429 | €5,839,575 | +€4.2m | +248% |
| Tangible fixed assets | 22/27 | €1,288 | €9,711 | +€8,423 | +654% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,288 | €1,537 | +€249 | +19.3% |
| Other tangible fixed assets | 26 | - | €8,174 | +€8,174 | |
| Financial fixed assets | 28 | €1,679,141 | €5,829,865 | +€4.2m | +247% |
| Current assets | 29/58 | €2,910,110 | €484,553 | -€2.4m | -83.3% |
| Amounts receivable after more than one year | 29 | €324,747 | €295,196 | -€29,552 | -9.1% |
| Other amounts receivable | 291 | €324,747 | €295,196 | -€29,552 | -9.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €445,689 | €131,415 | -€314,274 | -70.5% |
| Trade receivables | 40 | €145,326 | €88,508 | -€56,818 | -39.1% |
| Other amounts receivable | 41 | €300,363 | €42,907 | -€257,456 | -85.7% |
| Cash at bank and in hand | 54/58 | €7,508 | €56,743 | +€49,235 | +656% |
| Deferred charges and accrued income | 490/1 | €2,132,166 | €1,199 | -€2.1m | -99.9% |
| Total equity and liabilities | 10/49 | €4,590,539 | €6,324,128 | +€1.7m | +37.8% |
| Equity | 10/15 | €2,036,169 | €1,681,131 | -€355,038 | -17.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,936,169 | €1,581,131 | -€355,038 | -18.3% |
| Distributable reserves | 133 | €1,936,169 | €1,581,131 | -€355,038 | -18.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,554,370 | €4,642,997 | +€2.1m | +81.8% |
| Amounts payable after more than one year | 17 | €450,000 | €450,000 | = | 0.0% |
| Financial debts | 170/4 | €450,000 | €450,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,088,954 | €4,192,997 | +€2.1m | +101% |
| Current portion of amounts payable after more than one year | 42 | €76,657 | €0 | -€76,657 | -100% |
| Financial debts | 43 | €7,811 | €0 | -€7,811 | -100% |
| Credit institutions | 430/8 | €7,811 | €0 | -€7,811 | -100% |
| Trade debts | 44 | €164,956 | €45,555 | -€119,401 | -72.4% |
| Suppliers | 440/4 | €164,956 | €45,555 | -€119,401 | -72.4% |
| Taxes, remuneration and social security | 45 | €9,564 | €23,632 | +€14,067 | +147% |
| Taxes | 450/3 | €9,564 | €23,632 | +€14,067 | +147% |
| Other amounts payable | 47/48 | €1,829,965 | €4,123,811 | +€2.3m | +125% |
| Accrued charges and deferred income | 492/3 | €15,416 | €0 | -€15,416 | -100% |
| Non-recurring operating income | 76A | - | €115 | +€115 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €536 | €1,081 | +€545 | +102% |
| Other operating charges | 640/8 | €38,622 | €782 | -€37,840 | -98.0% |
| Non-recurring operating charges | 66A | €26,524 | €0 | -€26,524 | -100% |
| Gross operating margin | 9900 | €292,305 | -€272,169 | -€564,474 | |
| Operating profit (loss) | 9901 | €226,623 | -€274,032 | -€500,655 | |
| Financial income | 75/76B | €2,000,035 | €24 | -€2.0m | -100.0% |
| Recurring financial income | 75 | €2,000,035 | €24 | -€2.0m | -100.0% |
| Financial charges | 65/66B | €274,022 | €81,030 | -€192,992 | -70.4% |
| Recurring financial charges | 65 | €274,022 | €81,030 | -€192,992 | -70.4% |
| Profit (loss) for the period before taxes | 9903 | €1,952,635 | -€355,038 | -€2.3m | |
| Profit (loss) for the period | 9904 | €1,952,635 | -€355,038 | -€2.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,952,635 | -€355,038 | -€2.3m |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.