CAPSTONE CONSULTING: 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.
CAPSTONE CONSULTING
Largest movements
- Receivables within one year -€319,012
down €319,012 (-94.6%), from €337,150 to €18,138
of which Other amounts receivable: -€285,534
- Deferred charges and accrued income +€25,519
up €25,519 (+2,692%), from €948 to €26,467
- Receivables after one year +€23,480
up €23,480 (+13.3%), from €176,228 to €199,708
- Tangible fixed assets -€10,015
down €10,015 (-3.7%), from €273,234 to €263,219
of which Land and buildings: -€10,035
- Other debts -€273,000
no longer reported in 2025 (was €273,000)
- Debts after one year -€31,728
down €31,728 (-13.7%), from €231,895 to €200,167
- Tax, wage and social debts +€29,138
up €29,138 (+58.2%), from €50,086 to €79,225
- Current portion of long-term debt -€10,413
down €10,413 (-21.0%), from €49,494 to €39,081
- Gross operating margin -€161,281
down €161,281 (-76.6%), from €210,598 to €49,317
- Taxes -€35,114
down €35,114 (-73.4%), from €47,850 to €12,736
- Financial income -€23,479
down €23,479 (-99.5%), from €23,592 to €114
- Other operating charges -€11,700
down €11,700 (-92.9%), from €12,596 to €896
- Financial charges -€2,991
down €2,991 (-13.1%), from €22,836 to €19,845
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 | €800,680 | €525,244 | -€275,435 | -34.4% |
| Fixed assets | 21/28 | €275,234 | €265,219 | -€10,015 | -3.6% |
| Tangible fixed assets | 22/27 | €273,234 | €263,219 | -€10,015 | -3.7% |
| Land and buildings | 22 | €271,285 | €261,250 | -€10,035 | -3.7% |
| Furniture and vehicles | 24 | €1,949 | €1,969 | +€20 | +1.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €525,445 | €260,026 | -€265,420 | -50.5% |
| Amounts receivable after more than one year | 29 | €176,228 | €199,708 | +€23,480 | +13.3% |
| Other amounts receivable | 291 | €176,228 | €199,708 | +€23,480 | +13.3% |
| Amounts receivable within one year | 40/41 | €337,150 | €18,138 | -€319,012 | -94.6% |
| Trade receivables | 40 | €33,782 | €305 | -€33,477 | -99.1% |
| Other amounts receivable | 41 | €303,367 | €17,833 | -€285,534 | -94.1% |
| Cash at bank and in hand | 54/58 | €11,120 | €15,712 | +€4,593 | +41.3% |
| Deferred charges and accrued income | 490/1 | €948 | €26,467 | +€25,519 | +2,692% |
| Total equity and liabilities | 10/49 | €800,680 | €525,244 | -€275,435 | -34.4% |
| Equity | 10/15 | €160,074 | €164,516 | +€4,442 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,614 | €144,056 | +€4,442 | +3.2% |
| Amounts payable | 17/49 | €640,605 | €360,728 | -€279,877 | -43.7% |
| Amounts payable after more than one year | 17 | €231,895 | €200,167 | -€31,728 | -13.7% |
| Financial debts | 170/4 | €231,895 | €200,167 | -€31,728 | -13.7% |
| Amounts payable within one year | 42/48 | €408,710 | €157,253 | -€251,457 | -61.5% |
| Current portion of amounts payable after more than one year | 42 | €49,494 | €39,081 | -€10,413 | -21.0% |
| Financial debts | 43 | €33,226 | €33,108 | -€119 | -0.4% |
| Credit institutions | 430/8 | €33,226 | €33,108 | -€119 | -0.4% |
| Trade debts | 44 | €2,904 | €5,840 | +€2,936 | +101% |
| Suppliers | 440/4 | €2,904 | €5,840 | +€2,936 | +101% |
| Taxes, remuneration and social security | 45 | €50,086 | €79,225 | +€29,138 | +58.2% |
| Taxes | 450/3 | €50,086 | €79,225 | +€29,138 | +58.2% |
| Other amounts payable | 47/48 | €273,000 | - | -€273,000 | |
| Accrued charges and deferred income | 492/3 | - | €3,308 | +€3,308 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,584 | €11,511 | -€73 | -0.6% |
| Other operating charges | 640/8 | €12,596 | €896 | -€11,700 | -92.9% |
| Gross operating margin | 9900 | €210,598 | €49,317 | -€161,281 | -76.6% |
| Operating profit (loss) | 9901 | €186,418 | €36,910 | -€149,508 | -80.2% |
| Financial income | 75/76B | €23,592 | €114 | -€23,479 | -99.5% |
| Recurring financial income | 75 | €23,592 | €114 | -€23,479 | -99.5% |
| Financial charges | 65/66B | €22,836 | €19,845 | -€2,991 | -13.1% |
| Recurring financial charges | 65 | €22,836 | €19,845 | -€2,991 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €187,174 | €17,178 | -€169,996 | -90.8% |
| Income taxes | 67/77 | €47,850 | €12,736 | -€35,114 | -73.4% |
| Profit (loss) for the period | 9904 | €139,324 | €4,442 | -€134,882 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €139,324 | €4,442 | -€134,882 | -96.8% |
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 14 October 2026 via checked.be.