CAPSULES: 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.
CAPSULES
Largest movements
- Cash +€27,827
up €27,827 (+10.4%), from €266,993 to €294,819
mainly Other debts (+€201,755) and Tax, wage and social debts (+€31,524)
- Profit (loss) carried forward -€205,293
down €205,293 (-99.6%), from €206,092 to €799
- Other debts +€201,755
up €201,755 (+813.3%), from €24,808 to €226,563
- Tax, wage and social debts +€31,524
up €31,524 (+232.7%), from €13,545 to €45,069
- Taxes -€5,256
down €5,256 (-49.6%), from €10,596 to €5,339
- Financial income -€3,580
no longer reported in 2025 (was €3,580)
of which Non-recurring financial income: -€3,579
- Gross operating margin -€3,108
down €3,108 (-8.7%), from €35,608 to €32,500
- Financial charges -€809
down €809 (-88.0%), from €919 to €111
of which Financial charges: -€435
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 | €282,015 | €310,238 | +€28,223 | +10.0% |
| Fixed assets | 21/28 | €93 | €639 | +€546 | +589.8% |
| Tangible fixed assets | 22/27 | €93 | €639 | +€546 | +589.8% |
| Furniture and vehicles | 24 | €93 | €639 | +€546 | +589.8% |
| Current assets | 29/58 | €281,923 | €309,599 | +€27,677 | +9.8% |
| Amounts receivable within one year | 40/41 | €13,960 | €13,671 | -€289 | -2.1% |
| Trade receivables | 40 | €12,934 | €12,934 | = | 0.0% |
| Other amounts receivable | 41 | €1,026 | €737 | -€289 | -28.1% |
| Cash at bank and in hand | 54/58 | €266,993 | €294,819 | +€27,827 | +10.4% |
| Deferred charges and accrued income | 490/1 | €970 | €1,109 | +€139 | +14.3% |
| Total equity and liabilities | 10/49 | €282,015 | €310,238 | +€28,223 | +10.0% |
| Equity | 10/15 | €226,552 | €21,259 | -€205,293 | -90.6% |
| 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 | €206,092 | €799 | -€205,293 | -99.6% |
| Amounts payable | 17/49 | €55,463 | €288,979 | +€233,516 | +421.0% |
| Amounts payable within one year | 42/48 | €55,463 | €288,979 | +€233,516 | +421.0% |
| Trade debts | 44 | €17,111 | €17,348 | +€237 | +1.4% |
| Suppliers | 440/4 | €17,111 | €17,348 | +€237 | +1.4% |
| Taxes, remuneration and social security | 45 | €13,545 | €45,069 | +€31,524 | +232.7% |
| Taxes | 450/3 | €13,545 | €45,069 | +€31,524 | +232.7% |
| Other amounts payable | 47/48 | €24,808 | €226,563 | +€201,755 | +813.3% |
| Non-recurring operating income | 76A | - | €1,155 | +€1,155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371 | €196 | -€175 | -47.2% |
| Other operating charges | 640/8 | €730 | €880 | +€150 | +20.5% |
| Non-recurring operating charges | 66A | - | €1,268 | +€1,268 | |
| Gross operating margin | 9900 | €35,608 | €32,500 | -€3,108 | -8.7% |
| Operating profit (loss) | 9901 | €34,508 | €30,157 | -€4,351 | -12.6% |
| Financial income | 75/76B | €3,580 | - | -€3,580 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Non-recurring financial income | 76B | €3,579 | - | -€3,579 | |
| Financial charges | 65/66B | €919 | €111 | -€809 | -88.0% |
| Recurring financial charges | 65 | €546 | €111 | -€435 | -79.7% |
| Non-recurring financial charges | 66B | €373 | - | -€373 | |
| Profit (loss) for the period before taxes | 9903 | €37,168 | €30,046 | -€7,122 | -19.2% |
| Income taxes | 67/77 | €10,596 | €5,339 | -€5,256 | -49.6% |
| Profit (loss) for the period | 9904 | €26,573 | €24,707 | -€1,866 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,573 | €24,707 | -€1,866 | -7.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.