Captain & Stoker: 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 & Stoker
Largest movements
- Receivables within one year +€11,976
up €11,976 (+53.4%), from €22,445 to €34,421
of which Trade receivables: +€12,735
- Tangible fixed assets -€4,990
down €4,990 (-31.2%), from €16,007 to €11,017
of which Furniture and vehicles: -€5,763
- Deferred charges and accrued income -€4,209
down €4,209 (-55.4%), from €7,603 to €3,394
- Intangible fixed assets -€1,758
down €1,758 (-20.6%), from €8,518 to €6,760
- Cash -€1,693
down €1,693 (-6.7%), from €25,351 to €23,658
mainly Contributions, distributions and other (-€53,029) and Receivables within one year (-€11,976)
- Reserves -€29,132
down €29,132 (-100%), from €29,132 to €0
- Other debts +€27,870
up €27,870 (+85.3%), from €32,686 to €60,555
- Tax, wage and social debts +€3,220
up €3,220 (+39.9%), from €8,067 to €11,286
of which Taxes: +€4,896
- Trade debts -€2,067
down €2,067 (-40.1%), from €5,156 to €3,089
- Short-term financial debts -€949
down €949 (-29.0%), from €3,269 to €2,320
- Gross operating margin +€6,339
up €6,339 (+16.3%), from €38,881 to €45,220
- Taxes +€1,540
up €1,540 (+27.7%), from €5,564 to €7,104
- Depreciation -€1,217
down €1,217 (-9.4%), from €12,941 to €11,724
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 | €80,309 | €79,250 | -€1,059 | -1.3% |
| Fixed assets | 21/28 | €24,525 | €17,777 | -€6,748 | -27.5% |
| Intangible fixed assets | 21 | €8,518 | €6,760 | -€1,758 | -20.6% |
| Tangible fixed assets | 22/27 | €16,007 | €11,017 | -€4,990 | -31.2% |
| Plant, machinery and equipment | 23 | - | €1,748 | +€1,748 | |
| Furniture and vehicles | 24 | €7,102 | €1,340 | -€5,763 | -81.1% |
| Other tangible fixed assets | 26 | €8,904 | €7,929 | -€975 | -11.0% |
| Current assets | 29/58 | €55,785 | €61,474 | +€5,689 | +10.2% |
| Stocks and contracts in progress | 3 | €385 | €0 | -€385 | -100% |
| Stocks | 30/36 | €385 | €0 | -€385 | -100% |
| Amounts receivable within one year | 40/41 | €22,445 | €34,421 | +€11,976 | +53.4% |
| Trade receivables | 40 | €17,861 | €30,596 | +€12,735 | +71.3% |
| Other amounts receivable | 41 | €4,585 | €3,825 | -€759 | -16.6% |
| Cash at bank and in hand | 54/58 | €25,351 | €23,658 | -€1,693 | -6.7% |
| Deferred charges and accrued income | 490/1 | €7,603 | €3,394 | -€4,209 | -55.4% |
| Total equity and liabilities | 10/49 | €80,309 | €79,250 | -€1,059 | -1.3% |
| Equity | 10/15 | €31,132 | €2,000 | -€29,132 | -93.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €29,132 | €0 | -€29,132 | -100% |
| Distributable reserves | 133 | €29,132 | €0 | -€29,132 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €49,177 | €77,250 | +€28,073 | +57.1% |
| Amounts payable within one year | 42/48 | €49,177 | €77,250 | +€28,073 | +57.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €3,269 | €2,320 | -€949 | -29.0% |
| Credit institutions | 430/8 | €3,269 | €2,320 | -€949 | -29.0% |
| Trade debts | 44 | €5,156 | €3,089 | -€2,067 | -40.1% |
| Suppliers | 440/4 | €5,156 | €3,089 | -€2,067 | -40.1% |
| Taxes, remuneration and social security | 45 | €8,067 | €11,286 | +€3,220 | +39.9% |
| Taxes | 450/3 | €6,391 | €11,286 | +€4,896 | +76.6% |
| Remuneration and social security | 454/9 | €1,676 | €0 | -€1,676 | -100% |
| Other amounts payable | 47/48 | €32,686 | €60,555 | +€27,870 | +85.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,941 | €11,724 | -€1,217 | -9.4% |
| Other operating charges | 640/8 | €1,154 | €1,417 | +€263 | +22.8% |
| Gross operating margin | 9900 | €38,881 | €45,220 | +€6,339 | +16.3% |
| Operating profit (loss) | 9901 | €24,787 | €32,080 | +€7,294 | +29.4% |
| Financial income | 75/76B | €391 | €72 | -€319 | -81.5% |
| Recurring financial income | 75 | €391 | €72 | -€319 | -81.5% |
| Financial charges | 65/66B | €1,369 | €1,152 | -€217 | -15.9% |
| Recurring financial charges | 65 | €1,369 | €1,152 | -€217 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €23,808 | €31,001 | +€7,192 | +30.2% |
| Income taxes | 67/77 | €5,564 | €7,104 | +€1,540 | +27.7% |
| Profit (loss) for the period | 9904 | €18,244 | €23,897 | +€5,653 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,244 | €23,897 | +€5,653 | +31.0% |
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 16 October 2026 via checked.be.