JENS CAPPELLE: what changed
JENS CAPPELLE
Largest movements
- Cash -€43,119
down €43,119 (-68.7%), from €62,766 to €19,647
mainly Debts after one year (-€18,252) and Receivables within one year (-€11,857)
- Tangible fixed assets -€18,412
down €18,412 (-14.2%), from €129,441 to €111,029
- Receivables within one year +€11,857
up €11,857 (+23.7%), from €49,934 to €61,792
of which Trade receivables: +€14,812
- Stocks and contracts +€8,994
up €8,994 (+79.9%), from €11,254 to €20,249
of which Stocks: +€8,994
- Debts after one year -€18,252
down €18,252 (-41.4%), from €44,101 to €25,850
- Trade debts -€8,535
down €8,535 (-15.6%), from €54,555 to €46,020
- Tax, wage and social debts -€7,637
down €7,637 (-52.3%), from €14,609 to €6,971
of which Remuneration and social security: -€4,759
- Current portion of long-term debt -€4,037
down €4,037 (-18.1%), from €22,288 to €18,252
- Reserves -€3,060
down €3,060 (-3.6%), from €86,026 to €82,966
- Gross operating margin -€55,742
down €55,742 (-34.9%), from €159,889 to €104,147
- Staff costs -€31,579
down €31,579 (-27.2%), from €116,036 to €84,457
- Taxes -€5,415
down €5,415 (-100%), from €5,415 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €256,243 | €214,999 | -€41,244 | -16.1% |
| Fixed assets | 21/28 | €129,441 | €111,029 | -€18,412 | -14.2% |
| Tangible fixed assets | 22/27 | €129,441 | €111,029 | -€18,412 | -14.2% |
| Land and buildings | 22 | €98,269 | €89,111 | -€9,159 | -9.3% |
| Plant, machinery and equipment | 23 | €1,537 | €1,144 | -€393 | -25.5% |
| Furniture and vehicles | 24 | €29,636 | €20,774 | -€8,861 | -29.9% |
| Current assets | 29/58 | €126,802 | €103,970 | -€22,831 | -18.0% |
| Stocks and contracts in progress | 3 | €11,254 | €20,249 | +€8,994 | +79.9% |
| Stocks | 30/36 | €11,254 | €20,249 | +€8,994 | +79.9% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €49,934 | €61,792 | +€11,857 | +23.7% |
| Trade receivables | 40 | €38,368 | €53,180 | +€14,812 | +38.6% |
| Other amounts receivable | 41 | €11,566 | €8,611 | -€2,955 | -25.5% |
| Cash at bank and in hand | 54/58 | €62,766 | €19,647 | -€43,119 | -68.7% |
| Deferred charges and accrued income | 490/1 | €2,847 | €2,283 | -€564 | -19.8% |
| Total equity and liabilities | 10/49 | €256,243 | €214,999 | -€41,244 | -16.1% |
| Equity | 10/15 | €104,626 | €101,566 | -€3,060 | -2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,026 | €82,966 | -€3,060 | -3.6% |
| Distributable reserves | 133 | €86,026 | €82,966 | -€3,060 | -3.6% |
| Amounts payable | 17/49 | €151,618 | €113,434 | -€38,184 | -25.2% |
| Amounts payable after more than one year | 17 | €44,101 | €25,850 | -€18,252 | -41.4% |
| Financial debts | 170/4 | €44,101 | €25,850 | -€18,252 | -41.4% |
| Amounts payable within one year | 42/48 | €106,966 | €87,034 | -€19,932 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €22,288 | €18,252 | -€4,037 | -18.1% |
| Trade debts | 44 | €54,555 | €46,020 | -€8,535 | -15.6% |
| Suppliers | 440/4 | €54,555 | €46,020 | -€8,535 | -15.6% |
| Taxes, remuneration and social security | 45 | €14,609 | €6,971 | -€7,637 | -52.3% |
| Taxes | 450/3 | €3,317 | €438 | -€2,879 | -86.8% |
| Remuneration and social security | 454/9 | €11,292 | €6,533 | -€4,759 | -42.1% |
| Other amounts payable | 47/48 | €15,514 | €15,791 | +€277 | +1.8% |
| Accrued charges and deferred income | 492/3 | €550 | €550 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €116,036 | €84,457 | -€31,579 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,477 | €18,412 | -€1,065 | -5.5% |
| Other operating charges | 640/8 | €1,489 | €1,848 | +€359 | +24.1% |
| Gross operating margin | 9900 | €159,889 | €104,147 | -€55,742 | -34.9% |
| Operating profit (loss) | 9901 | €22,888 | -€570 | -€23,458 | |
| Financial income | 75/76B | €242 | €0 | -€242 | -100% |
| Recurring financial income | 75 | €242 | €0 | -€242 | -100% |
| Financial charges | 65/66B | €3,390 | €2,490 | -€900 | -26.6% |
| Recurring financial charges | 65 | €3,390 | €2,490 | -€900 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €19,740 | -€3,060 | -€22,800 | |
| Income taxes | 67/77 | €5,415 | €0 | -€5,415 | -100% |
| Profit (loss) for the period | 9904 | €14,325 | -€3,060 | -€17,385 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,325 | -€3,060 | -€17,385 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.