CAPTRACK: 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.
CAPTRACK
Largest movements
- Tangible fixed assets -€69,443
down €69,443 (-98.3%), from €70,639 to €1,196
of which Land and buildings: -€69,177
- Cash -€6,166
down €6,166 (-28.5%), from €21,658 to €15,492
mainly Other debts (-€35,992) and Net result for the year (-€21,617)
- Receivables within one year +€1,634
up €1,634 (+6.8%), from €24,142 to €25,776
- Other debts -€35,992
no longer reported in 2025 (was €35,992)
- Profit (loss) carried forward -€21,617
down €21,617 (-41.8%), from -€51,729 to -€73,345
- Trade debts -€14,484
down €14,484 (-71.1%), from €20,360 to €5,876
- Current portion of long-term debt -€2,774
down €2,774 (-18.5%), from €15,000 to €12,226
- Financial charges +€61,963
up €61,963 (+35557.6%), from €174 to €62,137
of which Non-recurring financial charges: +€62,082
- Gross operating margin +€12,667
up €12,667 (+35.2%), from €35,983 to €48,650
- Write-downs -€4,920
no longer reported in 2025 (was €4,920)
- Other operating charges -€1,535
no longer reported in 2025 (was €1,535)
- Depreciation -€1,411
down €1,411 (-14.8%), from €9,541 to €8,129
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 | €126,298 | €51,015 | -€75,283 | -59.6% |
| Fixed assets | 21/28 | €72,499 | €2,288 | -€70,211 | -96.8% |
| Intangible fixed assets | 21 | €1,860 | €1,092 | -€768 | -41.3% |
| Tangible fixed assets | 22/27 | €70,639 | €1,196 | -€69,443 | -98.3% |
| Land and buildings | 22 | €70,116 | €939 | -€69,177 | -98.7% |
| Furniture and vehicles | 24 | €523 | €257 | -€267 | -51.0% |
| Current assets | 29/58 | €53,799 | €48,727 | -€5,072 | -9.4% |
| Stocks and contracts in progress | 3 | €7,460 | €7,460 | = | 0.0% |
| Stocks | 30/36 | €7,460 | €7,460 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,142 | €25,776 | +€1,634 | +6.8% |
| Trade receivables | 40 | €24,142 | €25,776 | +€1,634 | +6.8% |
| Cash at bank and in hand | 54/58 | €21,658 | €15,492 | -€6,166 | -28.5% |
| Deferred charges and accrued income | 490/1 | €540 | - | -€540 | |
| Total equity and liabilities | 10/49 | €126,298 | €51,015 | -€75,283 | -59.6% |
| Equity | 10/15 | €54,473 | €32,856 | -€21,617 | -39.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €6,202 | €6,202 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2 | €2 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,729 | -€73,345 | -€21,617 | -41.8% |
| Amounts payable | 17/49 | €71,825 | €18,159 | -€53,666 | -74.7% |
| Amounts payable within one year | 42/48 | €71,825 | €18,159 | -€53,666 | -74.7% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €12,226 | -€2,774 | -18.5% |
| Trade debts | 44 | €20,360 | €5,876 | -€14,484 | -71.1% |
| Suppliers | 440/4 | €20,360 | €5,876 | -€14,484 | -71.1% |
| Taxes, remuneration and social security | 45 | €472 | €56 | -€416 | -88.1% |
| Taxes | 450/3 | €472 | €56 | -€416 | -88.1% |
| Other amounts payable | 47/48 | €35,992 | - | -€35,992 | |
| Non-recurring operating income | 76A | €1,227 | - | -€1,227 | |
| Remuneration, social security and pensions | 62 | €944 | - | -€944 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,541 | €8,129 | -€1,411 | -14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,920 | - | -€4,920 | |
| Other operating charges | 640/8 | €1,535 | - | -€1,535 | |
| Gross operating margin | 9900 | €35,983 | €48,650 | +€12,667 | +35.2% |
| Operating profit (loss) | 9901 | €19,043 | €40,520 | +€21,478 | +112.8% |
| Financial income | 75/76B | €225 | - | -€225 | |
| Recurring financial income | 75 | €225 | - | -€225 | |
| Financial charges | 65/66B | €174 | €62,137 | +€61,963 | +35557.6% |
| Recurring financial charges | 65 | €174 | €55 | -€119 | -68.4% |
| Non-recurring financial charges | 66B | - | €62,082 | +€62,082 | |
| Profit (loss) for the period before taxes | 9903 | €19,093 | -€21,617 | -€40,710 | |
| Income taxes | 67/77 | €110 | - | -€110 | |
| Profit (loss) for the period | 9904 | €18,983 | -€21,617 | -€40,599 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,983 | -€21,617 | -€40,599 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.