CAPVOLETS: 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.
CAPVOLETS
Largest movements
- Cash -€1,474
down €1,474 (-11.9%), from €12,421 to €10,947
mainly Net result for the year (-€2,398) and Other debts (-€1,578)
- Receivables within one year -€1,293
down €1,293 (-5.9%), from €21,939 to €20,646
of which Trade receivables: -€1,200
- Profit (loss) carried forward -€2,398
down €2,398 (-4.3%), from -€56,053 to -€58,451
- Other debts -€1,578
down €1,578 (-1.9%), from €83,832 to €82,254
- Trade debts +€1,208
up €1,208 (+208%), from €581 to €1,789
- Gross operating margin -€3,182
down €3,182, from €1,273 to -€1,909
- Other operating charges -€187
down €187 (-31.8%), from €586 to €400
- Financial charges -€139
down €139 (-61.0%), from €228 to €89
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 | €34,360 | €31,592 | -€2,768 | -8.1% |
| Current assets | 29/58 | €34,360 | €31,592 | -€2,768 | -8.1% |
| Amounts receivable within one year | 40/41 | €21,939 | €20,646 | -€1,293 | -5.9% |
| Trade receivables | 40 | €21,746 | €20,546 | -€1,200 | -5.5% |
| Other amounts receivable | 41 | €193 | €100 | -€93 | -48.4% |
| Cash at bank and in hand | 54/58 | €12,421 | €10,947 | -€1,474 | -11.9% |
| Total equity and liabilities | 10/49 | €34,360 | €31,592 | -€2,768 | -8.1% |
| Equity | 10/15 | -€50,053 | -€52,451 | -€2,398 | -4.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,053 | -€58,451 | -€2,398 | -4.3% |
| Amounts payable | 17/49 | €84,413 | €84,043 | -€370 | -0.4% |
| Amounts payable within one year | 42/48 | €84,413 | €84,043 | -€370 | -0.4% |
| Trade debts | 44 | €581 | €1,789 | +€1,208 | +208% |
| Suppliers | 440/4 | €581 | €1,789 | +€1,208 | +208% |
| Other amounts payable | 47/48 | €83,832 | €82,254 | -€1,578 | -1.9% |
| Other operating charges | 640/8 | €586 | €400 | -€187 | -31.8% |
| Gross operating margin | 9900 | €1,273 | -€1,909 | -€3,182 | |
| Operating profit (loss) | 9901 | €686 | -€2,309 | -€2,995 | |
| Financial charges | 65/66B | €228 | €89 | -€139 | -61.0% |
| Recurring financial charges | 65 | €228 | €89 | -€139 | -61.0% |
| Profit (loss) for the period before taxes | 9903 | €458 | -€2,398 | -€2,856 | |
| Profit (loss) for the period | 9904 | €458 | -€2,398 | -€2,856 | |
| Profit (loss) for the period to be appropriated | 9905 | €458 | -€2,398 | -€2,856 |
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.