Capsule-Corp: 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.
Capsule-Corp
Largest movements
- Intangible fixed assets +€124,551
up €124,551 (+45.9%), from €271,273 to €395,823
- Receivables within one year -€18,400
down €18,400 (-62.0%), from €29,664 to €11,263
of which Other amounts receivable: -€26,492
- Tangible fixed assets -€6,423
down €6,423 (-22.4%), from €28,688 to €22,265
of which Other tangible fixed assets: -€5,512
- Cash +€5,052
up €5,052 (+81.9%), from €6,171 to €11,222
mainly Other debts (+€364,303) and Depreciation (+€69,048)
- Other debts +€364,303
up €364,303 (+13.6%), from €2.7m to €3.0m
- Profit (loss) carried forward -€278,807
down €278,807 (-11.5%), from -€2.4m to -€2.7m
- Trade debts +€21,070
up €21,070 (+46.0%), from €45,764 to €66,833
- Staff costs +€35,845
up €35,845 (+21.9%), from €164,043 to €199,888
- Gross operating margin +€33,098
up €33,098 (+89.9%), from €36,817 to €69,915
- Depreciation +€29,134
up €29,134 (+73.0%), from €39,914 to €69,048
- Financial charges +€9,255
up €9,255 (+13.5%), from €68,661 to €77,915
- Financial income -€1,375
down €1,375 (-99.4%), from €1,384 to €8
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 | €338,102 | €441,911 | +€103,809 | +30.7% |
| Fixed assets | 21/28 | €300,121 | €418,249 | +€118,128 | +39.4% |
| Intangible fixed assets | 21 | €271,273 | €395,823 | +€124,551 | +45.9% |
| Tangible fixed assets | 22/27 | €28,688 | €22,265 | -€6,423 | -22.4% |
| Furniture and vehicles | 24 | €17,154 | €16,244 | -€911 | -5.3% |
| Other tangible fixed assets | 26 | €11,534 | €6,022 | -€5,512 | -47.8% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €37,981 | €23,663 | -€14,319 | -37.7% |
| Amounts receivable within one year | 40/41 | €29,664 | €11,263 | -€18,400 | -62.0% |
| Trade receivables | 40 | €0 | €8,092 | +€8,092 | |
| Other amounts receivable | 41 | €29,664 | €3,171 | -€26,492 | -89.3% |
| Cash at bank and in hand | 54/58 | €6,171 | €11,222 | +€5,052 | +81.9% |
| Deferred charges and accrued income | 490/1 | €2,147 | €1,177 | -€970 | -45.2% |
| Total equity and liabilities | 10/49 | €338,102 | €441,911 | +€103,809 | +30.7% |
| Equity | 10/15 | -€2,410,794 | -€2,689,601 | -€278,807 | -11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,429,394 | -€2,708,201 | -€278,807 | -11.5% |
| Amounts payable | 17/49 | €2,748,896 | €3,131,513 | +€382,616 | +13.9% |
| Amounts payable within one year | 42/48 | €2,748,896 | €3,131,513 | +€382,616 | +13.9% |
| Trade debts | 44 | €45,764 | €66,833 | +€21,070 | +46.0% |
| Suppliers | 440/4 | €45,764 | €66,833 | +€21,070 | +46.0% |
| Taxes, remuneration and social security | 45 | €21,769 | €19,013 | -€2,757 | -12.7% |
| Taxes | 450/3 | €5,490 | €84 | -€5,406 | -98.5% |
| Remuneration and social security | 454/9 | €16,279 | €18,928 | +€2,649 | +16.3% |
| Other amounts payable | 47/48 | €2,681,363 | €3,045,667 | +€364,303 | +13.6% |
| Remuneration, social security and pensions | 62 | €164,043 | €199,888 | +€35,845 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,914 | €69,048 | +€29,134 | +73.0% |
| Other operating charges | 640/8 | €1,208 | €1,739 | +€531 | +43.9% |
| Gross operating margin | 9900 | €36,817 | €69,915 | +€33,098 | +89.9% |
| Operating profit (loss) | 9901 | -€168,347 | -€200,759 | -€32,412 | -19.3% |
| Financial income | 75/76B | €1,384 | €8 | -€1,375 | -99.4% |
| Recurring financial income | 75 | €1,384 | €8 | -€1,375 | -99.4% |
| Financial charges | 65/66B | €68,661 | €77,915 | +€9,255 | +13.5% |
| Recurring financial charges | 65 | €68,661 | €77,915 | +€9,255 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | -€235,624 | -€278,667 | -€43,042 | -18.3% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€235,764 | -€278,807 | -€43,044 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€235,764 | -€278,807 | -€43,044 | -18.3% |
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 6 October 2026 via checked.be.