Captain Cruise: 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.
Captain Cruise
Largest movements
- Deferred charges and accrued income +€547,154
up €547,154 (+139%), from €392,559 to €939,713
- Receivables within one year -€426,290
down €426,290 (-40.6%), from €1.0m to €623,188
of which Trade receivables: -€290,011
- Financial fixed assets +€394,000
up €394,000 (+373%), from €105,600 to €499,600
- Cash -€338,378
down €338,378 (-51.8%), from €653,696 to €315,319
mainly Advances received (-€1.3m) and Debts after one year (-€771,520)
- Intangible fixed assets -€30,000
down €30,000 (-10.9%), from €274,918 to €244,918
- Accrued charges and deferred income +€1.6m
up €1.6m (+368%), from €421,969 to €2.0m
- Advances received -€1.3m
down €1.3m (-86.5%), from €1.4m to €196,354
- Debts after one year -€771,520
down €771,520 (-99.0%), from €779,168 to €7,647
- Trade debts +€283,414
up €283,414 (+52.8%), from €536,288 to €819,703
- Profit (loss) carried forward +€252,404
up €252,404 (+30.0%), from -€840,301 to -€587,897
- Gross operating margin +€1.1m
up €1.1m, from -€140,042 to €982,473
- Staff costs +€144,760
up €144,760 (+40.2%), from €360,519 to €505,278
- Taxes +€45,324
new in 2025: €45,324
- Financial charges +€40,406
up €40,406 (+36.7%), from €110,222 to €150,628
of which Non-recurring financial charges: +€43,503
- Other operating charges -€16,109
down €16,109 (-91.9%), from €17,525 to €1,416
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 | €2,476,252 | €2,622,738 | +€146,486 | +5.9% |
| Fixed assets | 21/28 | €380,518 | €744,518 | +€364,000 | +95.7% |
| Intangible fixed assets | 21 | €274,918 | €244,918 | -€30,000 | -10.9% |
| Financial fixed assets | 28 | €105,600 | €499,600 | +€394,000 | +373% |
| Current assets | 29/58 | €2,095,734 | €1,878,220 | -€217,514 | -10.4% |
| Amounts receivable within one year | 40/41 | €1,049,479 | €623,188 | -€426,290 | -40.6% |
| Trade receivables | 40 | €907,799 | €617,788 | -€290,011 | -31.9% |
| Other amounts receivable | 41 | €141,680 | €5,401 | -€136,279 | -96.2% |
| Cash at bank and in hand | 54/58 | €653,696 | €315,319 | -€338,378 | -51.8% |
| Deferred charges and accrued income | 490/1 | €392,559 | €939,713 | +€547,154 | +139% |
| Total equity and liabilities | 10/49 | €2,476,252 | €2,622,738 | +€146,486 | +5.9% |
| Equity | 10/15 | -€790,301 | -€537,897 | +€252,404 | +31.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€840,301 | -€587,897 | +€252,404 | +30.0% |
| Amounts payable | 17/49 | €3,266,553 | €3,160,635 | -€105,918 | -3.2% |
| Amounts payable after more than one year | 17 | €779,168 | €7,647 | -€771,520 | -99.0% |
| Financial debts | 170/4 | €779,168 | €7,647 | -€771,520 | -99.0% |
| Amounts payable within one year | 42/48 | €2,065,417 | €1,179,458 | -€885,959 | -42.9% |
| Trade debts | 44 | €536,288 | €819,703 | +€283,414 | +52.8% |
| Suppliers | 440/4 | €536,288 | €819,703 | +€283,414 | +52.8% |
| Advances received on contracts in progress | 46 | €1,449,498 | €196,354 | -€1.3m | -86.5% |
| Taxes, remuneration and social security | 45 | €79,631 | €163,401 | +€83,770 | +105% |
| Taxes | 450/3 | €33,934 | €93,508 | +€59,574 | +176% |
| Remuneration and social security | 454/9 | €45,697 | €69,893 | +€24,196 | +52.9% |
| Accrued charges and deferred income | 492/3 | €421,969 | €1,973,530 | +€1.6m | +368% |
| Remuneration, social security and pensions | 62 | €360,519 | €505,278 | +€144,760 | +40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,082 | €30,000 | +€4,918 | +19.6% |
| Other operating charges | 640/8 | €17,525 | €1,416 | -€16,109 | -91.9% |
| Non-recurring operating charges | 66A | €8,617 | €111 | -€8,506 | -98.7% |
| Gross operating margin | 9900 | -€140,042 | €982,473 | +€1.1m | |
| Operating profit (loss) | 9901 | -€551,784 | €445,668 | +€997,453 | |
| Financial income | 75/76B | - | €2,687 | +€2,687 | |
| Recurring financial income | 75 | - | €2,687 | +€2,687 | |
| Financial charges | 65/66B | €110,222 | €150,628 | +€40,406 | +36.7% |
| Recurring financial charges | 65 | €26,938 | €23,841 | -€3,097 | -11.5% |
| Non-recurring financial charges | 66B | €83,284 | €126,787 | +€43,503 | +52.2% |
| Profit (loss) for the period before taxes | 9903 | -€662,007 | €297,727 | +€959,734 | |
| Income taxes | 67/77 | - | €45,324 | +€45,324 | |
| Profit (loss) for the period | 9904 | -€662,007 | €252,404 | +€914,410 | |
| Profit (loss) for the period to be appropriated | 9905 | -€662,007 | €252,404 | +€914,410 |
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 26 October 2026 via checked.be.