CAPSTONE NETWORK: what changed
Two fiscal 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 NETWORK
Largest movements
- Deferred charges and accrued income +€11,334
up €11,334 (+1515.5%), from €748 to €12,082
- Receivables within one year +€8,718
up €8,718 (+399.1%), from €2,185 to €10,903
of which Trade receivables: +€7,793
- Intangible fixed assets -€6,600
down €6,600 (-52.2%), from €12,650 to €6,050
- Cash -€3,200
down €3,200 (-61.6%), from €5,193 to €1,993
mainly Debts after one year (-€26,211) and Deferred charges and accrued income (-€11,334)
- Tangible fixed assets -€582
down €582 (-20.9%), from €2,787 to €2,205
- Current portion of long-term debt +€30,972
new in 2025: €30,972
- Debts after one year -€26,211
down €26,211 (-100.0%), from €26,211 to €0
- Other debts +€2,517
up €2,517 (+49.7%), from €5,066 to €7,583
- Tax, wage and social debts +€1,834
up €1,834 (+630.8%), from €291 to €2,125
- Trade debts +€847
up €847 (+16.9%), from €5,015 to €5,862
- Gross operating margin +€16,629
up €16,629, from -€4,221 to €12,408
- Taxes +€1,877
up €1,877 (+757.0%), from €248 to €2,125
- Financial income +€966
up €966 (+1072822.2%), from €0 to €966
- Financial charges +€655
up €655 (+34.8%), from €1,881 to €2,536
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.
Cash bridge derived
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 | €23,563 | €33,233 | +€9,670 | +41.0% |
| Fixed assets | 21/28 | €15,437 | €8,255 | -€7,182 | -46.5% |
| Intangible fixed assets | 21 | €12,650 | €6,050 | -€6,600 | -52.2% |
| Tangible fixed assets | 22/27 | €2,787 | €2,205 | -€582 | -20.9% |
| Furniture and vehicles | 24 | €2,787 | €2,205 | -€582 | -20.9% |
| Current assets | 29/58 | €8,125 | €24,977 | +€16,852 | +207.4% |
| Amounts receivable within one year | 40/41 | €2,185 | €10,903 | +€8,718 | +399.1% |
| Trade receivables | 40 | €185 | €7,977 | +€7,793 | +4221.9% |
| Other amounts receivable | 41 | €2,000 | €2,925 | +€925 | +46.3% |
| Cash at bank and in hand | 54/58 | €5,193 | €1,993 | -€3,200 | -61.6% |
| Deferred charges and accrued income | 490/1 | €748 | €12,082 | +€11,334 | +1515.5% |
| Total equity and liabilities | 10/49 | €23,563 | €33,233 | +€9,670 | +41.0% |
| Equity | 10/15 | -€13,020 | -€13,309 | -€288 | -2.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,520 | -€15,809 | -€288 | -1.9% |
| Amounts payable | 17/49 | €36,583 | €46,541 | +€9,959 | +27.2% |
| Amounts payable after more than one year | 17 | €26,211 | €0 | -€26,211 | -100.0% |
| Financial debts | 170/4 | €26,211 | €0 | -€26,211 | -100.0% |
| Amounts payable within one year | 42/48 | €10,371 | €46,541 | +€36,170 | +348.8% |
| Current portion of amounts payable after more than one year | 42 | - | €30,972 | +€30,972 | |
| Trade debts | 44 | €5,015 | €5,862 | +€847 | +16.9% |
| Suppliers | 440/4 | €5,015 | €5,862 | +€847 | +16.9% |
| Taxes, remuneration and social security | 45 | €291 | €2,125 | +€1,834 | +630.8% |
| Taxes | 450/3 | €291 | €2,125 | +€1,834 | +630.8% |
| Other amounts payable | 47/48 | €5,066 | €7,583 | +€2,517 | +49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,272 | €7,182 | -€90 | -1.2% |
| Other operating charges | 640/8 | €1,899 | €1,820 | -€78 | -4.1% |
| Gross operating margin | 9900 | -€4,221 | €12,408 | +€16,629 | |
| Operating profit (loss) | 9901 | -€13,391 | €3,406 | +€16,798 | |
| Financial income | 75/76B | €0 | €966 | +€966 | +1072822.2% |
| Recurring financial income | 75 | €0 | €966 | +€966 | +1072822.2% |
| Financial charges | 65/66B | €1,881 | €2,536 | +€655 | +34.8% |
| Recurring financial charges | 65 | €1,881 | €2,536 | +€655 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,272 | €1,836 | +€17,109 | |
| Income taxes | 67/77 | €248 | €2,125 | +€1,877 | +757.0% |
| Profit (loss) for the period | 9904 | -€15,520 | -€288 | +€15,232 | +98.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,520 | -€288 | +€15,232 | +98.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.