MARGOT VANDE CAPELLE: what changed
What changed
MARGOT VANDE CAPELLE
filed annual accounts (NBB)
Net result for the year
€42,258
2024 · €30,231+€12,027
Equity
€122,699
2024 · €80,441+€42,258
Cash
€142,812
2024 · €83,018+€59,794
Balance sheet total
€164,813
2024 · €121,660+€43,152
Largest movements
Assets
- Cash +€59,794
up €59,794 (+72.0%), from €83,018 to €142,812
mainly Net result for the year (+€42,258) and Depreciation (+€9,294)
- Tangible fixed assets -€9,294
down €9,294 (-30.4%), from €30,589 to €21,295
of which Furniture and vehicles: -€8,000
- Receivables within one year -€7,448
down €7,448 (-92.5%), from €8,053 to €605
of which Other amounts receivable: -€6,543
Equity and liabilities
- Reserves +€42,258
up €42,258 (+54.6%), from €77,441 to €119,699
Income statement
- Gross operating margin +€15,677
up €15,677 (+29.9%), from €52,430 to €68,107
- Taxes +€2,941
up €2,941 (+34.8%), from €8,457 to €11,398
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.
Result 2024
€30,231
Gross operating margin
+€15,677
Staff costs
-€651
Other operating charges
-€218
Other operating items
-€127
Financial income
+€26
Financial charges
+€261
Taxes
-€2,941
Result 2025
€42,258
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€59,794
Investment
€0
Financing
€0
Cash 2024
€83,018
From operations (derived)
+€59,794
Net result for the year
+€42,258
Depreciation
+€9,294
Receivables within one year
+€7,448
Deferred charges and accrued income
-€100
Trade debts
-€440
Tax, wage and social debts
+€361
Other debts
+€1,237
Accrued charges and deferred income
-€263
Cash 2025
€142,812
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,660 | €164,813 | +€43,152 | +35.5% |
| Fixed assets | 21/28 | €30,589 | €21,295 | -€9,294 | -30.4% |
| Tangible fixed assets | 22/27 | €30,589 | €21,295 | -€9,294 | -30.4% |
| Plant, machinery and equipment | 23 | €7,269 | €5,975 | -€1,294 | -17.8% |
| Furniture and vehicles | 24 | €23,321 | €15,321 | -€8,000 | -34.3% |
| Current assets | 29/58 | €91,071 | €143,517 | +€52,446 | +57.6% |
| Amounts receivable within one year | 40/41 | €8,053 | €605 | -€7,448 | -92.5% |
| Trade receivables | 40 | €1,511 | €605 | -€906 | -60.0% |
| Other amounts receivable | 41 | €6,543 | €0 | -€6,543 | -100% |
| Cash at bank and in hand | 54/58 | €83,018 | €142,812 | +€59,794 | +72.0% |
| Deferred charges and accrued income | 490/1 | €0 | €100 | +€100 | |
| Total equity and liabilities | 10/49 | €121,660 | €164,813 | +€43,152 | +35.5% |
| Equity | 10/15 | €80,441 | €122,699 | +€42,258 | +52.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €77,441 | €119,699 | +€42,258 | +54.6% |
| Distributable reserves | 133 | €77,441 | €119,699 | +€42,258 | +54.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,219 | €42,113 | +€894 | +2.2% |
| Amounts payable within one year | 42/48 | €38,533 | €39,691 | +€1,157 | +3.0% |
| Trade debts | 44 | €1,502 | €1,062 | -€440 | -29.3% |
| Suppliers | 440/4 | €1,502 | €1,062 | -€440 | -29.3% |
| Taxes, remuneration and social security | 45 | €3,000 | €3,361 | +€361 | +12.0% |
| Taxes | 450/3 | €3,000 | €3,361 | +€361 | +12.0% |
| Other amounts payable | 47/48 | €34,031 | €35,268 | +€1,237 | +3.6% |
| Accrued charges and deferred income | 492/3 | €2,686 | €2,423 | -€263 | -9.8% |
| Remuneration, social security and pensions | 62 | €1,233 | €1,884 | +€651 | +52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,294 | €9,294 | = | 0.0% |
| Other operating charges | 640/8 | €585 | €804 | +€218 | +37.3% |
| Non-recurring operating charges | 66A | - | €127 | +€127 | |
| Gross operating margin | 9900 | €52,430 | €68,107 | +€15,677 | +29.9% |
| Operating profit (loss) | 9901 | €41,318 | €55,998 | +€14,681 | +35.5% |
| Financial income | 75/76B | €100 | €126 | +€26 | +26.4% |
| Recurring financial income | 75 | €100 | €126 | +€26 | +26.4% |
| Financial charges | 65/66B | €2,729 | €2,468 | -€261 | -9.6% |
| Recurring financial charges | 65 | €2,729 | €2,468 | -€261 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €38,688 | €53,657 | +€14,968 | +38.7% |
| Income taxes | 67/77 | €8,457 | €11,398 | +€2,941 | +34.8% |
| Profit (loss) for the period | 9904 | €30,231 | €42,258 | +€12,027 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,231 | €42,258 | +€12,027 | +39.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.