Good Captains: 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.
Good Captains
Largest movements
- Receivables within one year +€47,272
up €47,272 (+334%), from €14,149 to €61,421
of which Trade receivables: +€47,188
- Cash +€2,961
up €2,961 (+77.3%), from €3,832 to €6,793
mainly Net result for the year (+€40,229) and Tax, wage and social debts (+€7,415)
- Current investments +€1,649
new in 2025: €1,649
- Tangible fixed assets -€1,105
down €1,105 (-49.4%), from €2,237 to €1,132
of which Furniture and vehicles: -€1,105
- Profit (loss) carried forward +€40,229
up €40,229, from -€22,487 to €17,742
- Tax, wage and social debts +€7,415
up €7,415 (+58.2%), from €12,738 to €20,152
of which Taxes: +€5,134
- Other debts +€3,260
up €3,260 (+14.4%), from €22,686 to €25,946
- Gross operating margin +€67,724
up €67,724, from -€20,443 to €47,281
- Taxes +€5,079
up €5,079 (+3,968%), from €128 to €5,207
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 | €20,218 | €70,995 | +€50,777 | +251% |
| Fixed assets | 21/28 | €2,237 | €1,132 | -€1,105 | -49.4% |
| Tangible fixed assets | 22/27 | €2,237 | €1,132 | -€1,105 | -49.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,237 | €1,132 | -€1,105 | -49.4% |
| Current assets | 29/58 | €17,981 | €69,863 | +€51,882 | +289% |
| Amounts receivable within one year | 40/41 | €14,149 | €61,421 | +€47,272 | +334% |
| Trade receivables | 40 | €14,053 | €61,241 | +€47,188 | +336% |
| Other amounts receivable | 41 | €96 | €180 | +€84 | +87.5% |
| Current investments | 50/53 | - | €1,649 | +€1,649 | |
| Cash at bank and in hand | 54/58 | €3,832 | €6,793 | +€2,961 | +77.3% |
| Total equity and liabilities | 10/49 | €20,218 | €70,995 | +€50,777 | +251% |
| Equity | 10/15 | -€16,597 | €23,632 | +€40,229 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €5,791 | €5,791 | = | 0.0% |
| Distributable reserves | 133 | €5,791 | €5,791 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,487 | €17,742 | +€40,229 | |
| Amounts payable | 17/49 | €36,814 | €47,363 | +€10,548 | +28.7% |
| Amounts payable within one year | 42/48 | €36,814 | €47,363 | +€10,548 | +28.7% |
| Trade debts | 44 | €1,391 | €1,264 | -€127 | -9.1% |
| Suppliers | 440/4 | €1,391 | €1,264 | -€127 | -9.1% |
| Taxes, remuneration and social security | 45 | €12,738 | €20,152 | +€7,415 | +58.2% |
| Taxes | 450/3 | €8,281 | €13,415 | +€5,134 | +62.0% |
| Remuneration and social security | 454/9 | €4,457 | €6,737 | +€2,280 | +51.2% |
| Other amounts payable | 47/48 | €22,686 | €25,946 | +€3,260 | +14.4% |
| Remuneration, social security and pensions | 62 | €0 | €220 | +€220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,105 | €1,105 | = | 0.0% |
| Other operating charges | 640/8 | €628 | €348 | -€280 | -44.5% |
| Gross operating margin | 9900 | -€20,443 | €47,281 | +€67,724 | |
| Operating profit (loss) | 9901 | -€22,175 | €45,608 | +€67,784 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €105 | €172 | +€67 | +63.6% |
| Recurring financial charges | 65 | €105 | €172 | +€67 | +63.6% |
| Profit (loss) for the period before taxes | 9903 | -€22,280 | €45,436 | +€67,717 | |
| Income taxes | 67/77 | €128 | €5,207 | +€5,079 | +3,968% |
| Profit (loss) for the period | 9904 | -€22,408 | €40,229 | +€62,637 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,408 | €40,229 | +€62,637 |
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 18 October 2026 via checked.be.