Capture: 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.
Capture
Largest movements
- Receivables within one year +€676,677
up €676,677 (+76.1%), from €889,569 to €1.6m
of which Trade receivables: +€665,547
- Cash -€22,266
down €22,266 (-71.7%), from €31,066 to €8,800
mainly Receivables within one year (-€676,677) and Current portion of long-term debt (-€32,342)
- Trade debts +€533,173
up €533,173 (+141.3%), from €377,360 to €910,533
- Reserves +€116,169
up €116,169 (+61.3%), from €189,619 to €305,789
- Short-term financial debts +€44,396
up €44,396 (+2467.8%), from €1,799 to €46,195
- Current portion of long-term debt -€32,342
down €32,342 (-36.4%), from €88,964 to €56,622
- Other debts -€27,316
down €27,316 (-100.0%), from €27,316 to €0
- Staff costs -€132,642
down €132,642 (-4.6%), from €2.9m to €2.7m
- Taxes +€39,922
up €39,922 (+181.3%), from €22,025 to €61,947
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 | €1,030,012 | €1,664,332 | +€634,320 | +61.6% |
| Fixed assets | 21/28 | €92,020 | €77,342 | -€14,678 | -16.0% |
| Intangible fixed assets | 21 | €38,768 | €36,367 | -€2,401 | -6.2% |
| Tangible fixed assets | 22/27 | €50,882 | €38,606 | -€12,277 | -24.1% |
| Plant, machinery and equipment | 23 | €5,213 | €3,000 | -€2,213 | -42.5% |
| Furniture and vehicles | 24 | €25,744 | €23,598 | -€2,146 | -8.3% |
| Other tangible fixed assets | 26 | €19,926 | €12,008 | -€7,917 | -39.7% |
| Financial fixed assets | 28 | €2,370 | €2,370 | = | 0.0% |
| Current assets | 29/58 | €937,992 | €1,586,990 | +€648,998 | +69.2% |
| Amounts receivable within one year | 40/41 | €889,569 | €1,566,246 | +€676,677 | +76.1% |
| Trade receivables | 40 | €773,493 | €1,439,039 | +€665,547 | +86.0% |
| Other amounts receivable | 41 | €116,076 | €127,207 | +€11,131 | +9.6% |
| Current investments | 50/53 | €5,728 | €0 | -€5,728 | -100.0% |
| Cash at bank and in hand | 54/58 | €31,066 | €8,800 | -€22,266 | -71.7% |
| Deferred charges and accrued income | 490/1 | €11,630 | €11,943 | +€314 | +2.7% |
| Total equity and liabilities | 10/49 | €1,030,012 | €1,664,332 | +€634,320 | +61.6% |
| Equity | 10/15 | €189,719 | €305,889 | +€116,169 | +61.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €189,619 | €305,789 | +€116,169 | +61.3% |
| Distributable reserves | 133 | €189,619 | €305,789 | +€116,169 | +61.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €840,293 | €1,358,443 | +€518,151 | +61.7% |
| Amounts payable after more than one year | 17 | €3,507 | €0 | -€3,507 | -100.0% |
| Financial debts | 170/4 | €3,507 | €0 | -€3,507 | -100.0% |
| Amounts payable within one year | 42/48 | €702,310 | €1,232,841 | +€530,531 | +75.5% |
| Current portion of amounts payable after more than one year | 42 | €88,964 | €56,622 | -€32,342 | -36.4% |
| Financial debts | 43 | €1,799 | €46,195 | +€44,396 | +2467.8% |
| Credit institutions | 430/8 | €1,799 | €46,195 | +€44,396 | +2467.8% |
| Trade debts | 44 | €377,360 | €910,533 | +€533,173 | +141.3% |
| Suppliers | 440/4 | €377,360 | €910,533 | +€533,173 | +141.3% |
| Taxes, remuneration and social security | 45 | €206,871 | €219,492 | +€12,621 | +6.1% |
| Taxes | 450/3 | €8,347 | €37,588 | +€29,241 | +350.3% |
| Remuneration and social security | 454/9 | €198,524 | €181,904 | -€16,620 | -8.4% |
| Other amounts payable | 47/48 | €27,316 | €0 | -€27,316 | -100.0% |
| Accrued charges and deferred income | 492/3 | €134,475 | €125,602 | -€8,873 | -6.6% |
| Remuneration, social security and pensions | 62 | €2,882,425 | €2,749,784 | -€132,642 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,737 | €26,941 | +€3,204 | +13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,228 | €3,397 | +€169 | +5.2% |
| Gross operating margin | 9900 | €2,985,303 | €2,960,396 | -€24,907 | -0.8% |
| Operating profit (loss) | 9901 | €75,913 | €180,275 | +€104,362 | +137.5% |
| Financial income | 75/76B | €1,420 | €3,477 | +€2,056 | +144.8% |
| Recurring financial income | 75 | €1,420 | €3,477 | +€2,056 | +144.8% |
| Financial charges | 65/66B | €20,495 | €5,635 | -€14,859 | -72.5% |
| Recurring financial charges | 65 | €20,495 | €5,635 | -€14,859 | -72.5% |
| Profit (loss) for the period before taxes | 9903 | €56,839 | €178,116 | +€121,277 | +213.4% |
| Income taxes | 67/77 | €22,025 | €61,947 | +€39,922 | +181.3% |
| Profit (loss) for the period | 9904 | €34,814 | €116,169 | +€81,355 | +233.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,814 | €116,169 | +€81,355 | +233.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.