Capsuul: 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.
Capsuul
Largest movements
- Receivables within one year +€44,601
up €44,601 (+234%), from €19,047 to €63,648
of which Other amounts receivable: +€42,694
- Cash -€23,725
down €23,725 (-9.4%), from €252,103 to €228,378
mainly Receivables within one year (-€44,601) and Trade debts (-€23,568)
- Accrued charges and deferred income +€61,230
up €61,230 (+237%), from €25,818 to €87,048
- Trade debts -€23,568
down €23,568 (-97.0%), from €24,309 to €741
- Reserves +€5,870
up €5,870 (+1.9%), from €301,164 to €307,034
of which Distributable reserves: +€5,870
- Tax, wage and social debts -€5,784
down €5,784 (-13.0%), from €44,398 to €38,614
of which Taxes: -€5,872
- Other debts -€5,724
down €5,724 (-16.5%), from €34,776 to €29,052
- Gross operating margin -€56,474
down €56,474 (-19.1%), from €294,918 to €238,444
- Financial income -€4,633
no longer reported in 2025 (was €4,633)
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 | €446,864 | €478,889 | +€32,025 | +7.2% |
| Fixed assets | 21/28 | €63,050 | €65,850 | +€2,799 | +4.4% |
| Tangible fixed assets | 22/27 | €60,360 | €63,160 | +€2,799 | +4.6% |
| Plant, machinery and equipment | 23 | €13,435 | €5,723 | -€7,712 | -57.4% |
| Furniture and vehicles | 24 | €219 | - | -€219 | |
| Other tangible fixed assets | 26 | €46,706 | €57,437 | +€10,731 | +23.0% |
| Financial fixed assets | 28 | €2,690 | €2,690 | = | 0.0% |
| Current assets | 29/58 | €383,814 | €413,039 | +€29,225 | +7.6% |
| Amounts receivable after more than one year | 29 | €105,197 | €109,723 | +€4,527 | +4.3% |
| Other amounts receivable | 291 | €105,197 | €109,723 | +€4,527 | +4.3% |
| Stocks and contracts in progress | 3 | €7,467 | €11,289 | +€3,822 | +51.2% |
| Stocks | 30/36 | €7,467 | €11,289 | +€3,822 | +51.2% |
| Amounts receivable within one year | 40/41 | €19,047 | €63,648 | +€44,601 | +234% |
| Trade receivables | 40 | - | €1,907 | +€1,907 | |
| Other amounts receivable | 41 | €19,047 | €61,741 | +€42,694 | +224% |
| Cash at bank and in hand | 54/58 | €252,103 | €228,378 | -€23,725 | -9.4% |
| Total equity and liabilities | 10/49 | €446,864 | €478,889 | +€32,025 | +7.2% |
| Equity | 10/15 | €313,564 | €319,434 | +€5,870 | +1.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €301,164 | €307,034 | +€5,870 | +1.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €299,304 | €305,174 | +€5,870 | +2.0% |
| Amounts payable | 17/49 | €133,300 | €159,455 | +€26,155 | +19.6% |
| Amounts payable after more than one year | 17 | €4,000 | €4,000 | = | 0.0% |
| Financial debts | 170/4 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €103,482 | €68,407 | -€35,076 | -33.9% |
| Trade debts | 44 | €24,309 | €741 | -€23,568 | -97.0% |
| Suppliers | 440/4 | €24,309 | €741 | -€23,568 | -97.0% |
| Taxes, remuneration and social security | 45 | €44,398 | €38,614 | -€5,784 | -13.0% |
| Taxes | 450/3 | €16,765 | €10,894 | -€5,872 | -35.0% |
| Remuneration and social security | 454/9 | €27,632 | €27,720 | +€88 | +0.3% |
| Other amounts payable | 47/48 | €34,776 | €29,052 | -€5,724 | -16.5% |
| Accrued charges and deferred income | 492/3 | €25,818 | €87,048 | +€61,230 | +237% |
| Remuneration, social security and pensions | 62 | €203,608 | €205,821 | +€2,213 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,608 | €16,492 | -€1,116 | -6.3% |
| Other operating charges | 640/8 | €3,081 | €1,201 | -€1,880 | -61.0% |
| Gross operating margin | 9900 | €294,918 | €238,444 | -€56,474 | -19.1% |
| Operating profit (loss) | 9901 | €70,621 | €14,929 | -€55,692 | -78.9% |
| Financial income | 75/76B | €4,633 | - | -€4,633 | |
| Recurring financial income | 75 | €4,633 | - | -€4,633 | |
| Financial charges | 65/66B | €488 | €860 | +€372 | +76.3% |
| Recurring financial charges | 65 | €488 | €860 | +€372 | +76.3% |
| Profit (loss) for the period before taxes | 9903 | €74,767 | €14,069 | -€60,698 | -81.2% |
| Income taxes | 67/77 | €9,847 | €8,199 | -€1,648 | -16.7% |
| Profit (loss) for the period | 9904 | €64,920 | €5,870 | -€59,050 | -91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €64,920 | €5,870 | -€59,050 | -91.0% |
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 21 October 2026 via checked.be.