Capsicum advisory: 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.
Capsicum advisory
Largest movements
- Cash +€10,441
up €10,441 (+24.1%), from €43,368 to €53,809
mainly Net result for the year (+€19,953) and Trade debts (+€2,743)
- Receivables within one year +€9,890
up €9,890 (+74.6%), from €13,254 to €23,144
of which Other amounts receivable: +€7,505
- Reserves +€20,000
up €20,000 (+52.6%), from €38,000 to €58,000
- Trade debts +€2,743
up €2,743 (+496%), from €553 to €3,295
- Tax, wage and social debts -€2,255
down €2,255 (-16.3%), from €13,794 to €11,539
of which Taxes: -€2,471
- Gross operating margin -€4,219
down €4,219 (-11.8%), from €35,758 to €31,539
- Financial charges +€1,401
up €1,401 (+80.4%), from €1,743 to €3,144
- Other operating charges -€793
down €793 (-73.1%), from €1,084 to €292
- Taxes -€658
down €658 (-8.1%), from €8,118 to €7,460
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 | €59,593 | €79,524 | +€19,930 | +33.4% |
| Fixed assets | 21/28 | €1,429 | €704 | -€725 | -50.8% |
| Tangible fixed assets | 22/27 | €1,429 | €704 | -€725 | -50.8% |
| Furniture and vehicles | 24 | €1,429 | €704 | -€725 | -50.8% |
| Current assets | 29/58 | €58,164 | €78,820 | +€20,656 | +35.5% |
| Amounts receivable within one year | 40/41 | €13,254 | €23,144 | +€9,890 | +74.6% |
| Trade receivables | 40 | €12,352 | €14,737 | +€2,385 | +19.3% |
| Other amounts receivable | 41 | €902 | €8,407 | +€7,505 | +832% |
| Cash at bank and in hand | 54/58 | €43,368 | €53,809 | +€10,441 | +24.1% |
| Deferred charges and accrued income | 490/1 | €1,542 | €1,867 | +€325 | +21.1% |
| Total equity and liabilities | 10/49 | €59,593 | €79,524 | +€19,930 | +33.4% |
| Equity | 10/15 | €43,386 | €63,339 | +€19,953 | +46.0% |
| Contributions | 10/11 | €5,100 | €5,100 | = | 0.0% |
| Reserves | 13 | €38,000 | €58,000 | +€20,000 | +52.6% |
| Distributable reserves | 133 | €38,000 | €58,000 | +€20,000 | +52.6% |
| Profit (loss) carried forward | 14 | €286 | €239 | -€47 | -16.4% |
| Amounts payable | 17/49 | €16,207 | €16,184 | -€23 | -0.1% |
| Amounts payable within one year | 42/48 | €16,207 | €16,184 | -€23 | -0.1% |
| Trade debts | 44 | €553 | €3,295 | +€2,743 | +496% |
| Suppliers | 440/4 | €553 | €3,295 | +€2,743 | +496% |
| Taxes, remuneration and social security | 45 | €13,794 | €11,539 | -€2,255 | -16.3% |
| Taxes | 450/3 | €13,626 | €11,155 | -€2,471 | -18.1% |
| Remuneration and social security | 454/9 | €168 | €384 | +€216 | +129% |
| Other amounts payable | 47/48 | €1,860 | €1,350 | -€510 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €725 | €725 | = | 0.0% |
| Other operating charges | 640/8 | €1,084 | €292 | -€793 | -73.1% |
| Gross operating margin | 9900 | €35,758 | €31,539 | -€4,219 | -11.8% |
| Operating profit (loss) | 9901 | €33,948 | €30,522 | -€3,426 | -10.1% |
| Financial income | 75/76B | €48 | €35 | -€13 | -27.2% |
| Recurring financial income | 75 | €48 | €35 | -€13 | -27.2% |
| Financial charges | 65/66B | €1,743 | €3,144 | +€1,401 | +80.4% |
| Recurring financial charges | 65 | €1,743 | €3,144 | +€1,401 | +80.4% |
| Profit (loss) for the period before taxes | 9903 | €32,253 | €27,413 | -€4,840 | -15.0% |
| Income taxes | 67/77 | €8,118 | €7,460 | -€658 | -8.1% |
| Profit (loss) for the period | 9904 | €24,135 | €19,953 | -€4,182 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,135 | €19,953 | -€4,182 | -17.3% |
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 24 October 2026 via checked.be.