Richard Capstick: 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.
Richard Capstick
Largest movements
- Receivables within one year +€49,590
up €49,590 (+207%), from €23,938 to €73,528
of which Other amounts receivable: +€50,709
- Cash -€5,754
down €5,754 (-96.1%), from €5,990 to €236
mainly Receivables within one year (-€49,590) and Trade debts (-€173)
- Profit (loss) carried forward +€34,972
new in 2025: €34,972
- Tax, wage and social debts +€9,037
up €9,037 (+82.2%), from €10,995 to €20,032
- Gross operating margin +€20,168
up €20,168 (+80.1%), from €25,187 to €45,355
- Taxes +€2,211
up €2,211 (+33.5%), from €6,596 to €8,807
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 | €29,928 | €73,764 | +€43,836 | +146% |
| Current assets | 29/58 | €29,928 | €73,764 | +€43,836 | +146% |
| Amounts receivable within one year | 40/41 | €23,938 | €73,528 | +€49,590 | +207% |
| Trade receivables | 40 | €5,445 | €4,326 | -€1,119 | -20.6% |
| Other amounts receivable | 41 | €18,493 | €69,202 | +€50,709 | +274% |
| Cash at bank and in hand | 54/58 | €5,990 | €236 | -€5,754 | -96.1% |
| Total equity and liabilities | 10/49 | €29,928 | €73,764 | +€43,836 | +146% |
| Equity | 10/15 | €18,588 | €53,560 | +€34,972 | +188% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €17,588 | €17,588 | = | 0.0% |
| Distributable reserves | 133 | €17,588 | €17,588 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €34,972 | +€34,972 | |
| Amounts payable | 17/49 | €11,340 | €20,203 | +€8,864 | +78.2% |
| Amounts payable within one year | 42/48 | €11,340 | €20,203 | +€8,864 | +78.2% |
| Trade debts | 44 | €345 | €171 | -€173 | -50.2% |
| Suppliers | 440/4 | €345 | €171 | -€173 | -50.2% |
| Taxes, remuneration and social security | 45 | €10,995 | €20,032 | +€9,037 | +82.2% |
| Taxes | 450/3 | €10,995 | €20,032 | +€9,037 | +82.2% |
| Other operating charges | 640/8 | €505 | €640 | +€134 | +26.6% |
| Gross operating margin | 9900 | €25,187 | €45,355 | +€20,168 | +80.1% |
| Operating profit (loss) | 9901 | €24,682 | €44,715 | +€20,033 | +81.2% |
| Financial charges | 65/66B | €498 | €936 | +€438 | +88.1% |
| Recurring financial charges | 65 | €498 | €936 | +€438 | +88.1% |
| Profit (loss) for the period before taxes | 9903 | €24,184 | €43,779 | +€19,595 | +81.0% |
| Income taxes | 67/77 | €6,596 | €8,807 | +€2,211 | +33.5% |
| Profit (loss) for the period | 9904 | €17,588 | €34,972 | +€17,384 | +98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,588 | €34,972 | +€17,384 | +98.8% |
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 13 October 2026 via checked.be.