't Kapiteintje: 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.
't Kapiteintje
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash -€37,725
down €37,725 (-21.1%), from €179,074 to €141,349
mainly Current investments (-€50,000) and Debts after one year (-€13,321)
- Tangible fixed assets -€20,056
down €20,056 (-13.8%), from €144,974 to €124,918
of which Other tangible fixed assets: -€11,560
- Receivables within one year +€8,854
up €8,854 (+37.6%), from €23,535 to €32,389
of which Trade receivables: +€14,364
- Debts after one year -€13,321
down €13,321 (-17.7%), from €75,336 to €62,015
- Other debts +€12,257
up €12,257 (+18.4%), from €66,521 to €78,778
- Reserves +€8,585
up €8,585 (+5.3%), from €161,495 to €170,080
- Tax, wage and social debts -€5,600
down €5,600 (-29.8%), from €18,802 to €13,202
of which Remuneration and social security: -€7,457
- Trade debts +€4,381
up €4,381 (+28.3%), from €15,460 to €19,841
- Gross operating margin -€36,903
down €36,903 (-21.9%), from €168,395 to €131,492
- Staff costs -€26,259
down €26,259 (-27.8%), from €94,610 to €68,351
- Taxes -€3,473
down €3,473 (-40.3%), from €8,613 to €5,141
- Financial income +€1,796
up €1,796 (+1,159%), from €155 to €1,951
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 | €363,760 | €367,999 | +€4,239 | +1.2% |
| Fixed assets | 21/28 | €148,098 | €127,543 | -€20,556 | -13.9% |
| Intangible fixed assets | 21 | €3,125 | €2,625 | -€500 | -16.0% |
| Tangible fixed assets | 22/27 | €144,974 | €124,918 | -€20,056 | -13.8% |
| Plant, machinery and equipment | 23 | €16,721 | €16,559 | -€162 | -1.0% |
| Furniture and vehicles | 24 | €34,315 | €25,982 | -€8,333 | -24.3% |
| Other tangible fixed assets | 26 | €93,938 | €82,377 | -€11,560 | -12.3% |
| Current assets | 29/58 | €215,662 | €240,457 | +€24,795 | +11.5% |
| Stocks and contracts in progress | 3 | €12,296 | €14,524 | +€2,228 | +18.1% |
| Stocks | 30/36 | €12,296 | €14,524 | +€2,228 | +18.1% |
| Amounts receivable within one year | 40/41 | €23,535 | €32,389 | +€8,854 | +37.6% |
| Trade receivables | 40 | €6,629 | €20,993 | +€14,364 | +217% |
| Other amounts receivable | 41 | €16,905 | €11,396 | -€5,510 | -32.6% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €179,074 | €141,349 | -€37,725 | -21.1% |
| Deferred charges and accrued income | 490/1 | €757 | €2,195 | +€1,438 | +190% |
| Total equity and liabilities | 10/49 | €363,760 | €367,999 | +€4,239 | +1.2% |
| Equity | 10/15 | €166,495 | €175,080 | +€8,585 | +5.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €161,495 | €170,080 | +€8,585 | +5.3% |
| Distributable reserves | 133 | €161,495 | €170,080 | +€8,585 | +5.3% |
| Amounts payable | 17/49 | €197,265 | €192,919 | -€4,346 | -2.2% |
| Amounts payable after more than one year | 17 | €75,336 | €62,015 | -€13,321 | -17.7% |
| Financial debts | 170/4 | €75,336 | €62,015 | -€13,321 | -17.7% |
| Amounts payable within one year | 42/48 | €118,319 | €125,141 | +€6,823 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €17,536 | €13,321 | -€4,215 | -24.0% |
| Trade debts | 44 | €15,460 | €19,841 | +€4,381 | +28.3% |
| Suppliers | 440/4 | €15,460 | €19,841 | +€4,381 | +28.3% |
| Taxes, remuneration and social security | 45 | €18,802 | €13,202 | -€5,600 | -29.8% |
| Taxes | 450/3 | €5,093 | €6,950 | +€1,858 | +36.5% |
| Remuneration and social security | 454/9 | €13,709 | €6,251 | -€7,457 | -54.4% |
| Other amounts payable | 47/48 | €66,521 | €78,778 | +€12,257 | +18.4% |
| Accrued charges and deferred income | 492/3 | €3,611 | €5,763 | +€2,152 | +59.6% |
| Remuneration, social security and pensions | 62 | €94,610 | €68,351 | -€26,259 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,344 | €30,861 | +€516 | +1.7% |
| Other operating charges | 640/8 | €1,961 | €2,307 | +€346 | +17.7% |
| Non-recurring operating charges | 66A | €199 | - | -€199 | |
| Gross operating margin | 9900 | €168,395 | €131,492 | -€36,903 | -21.9% |
| Operating profit (loss) | 9901 | €41,280 | €29,973 | -€11,307 | -27.4% |
| Financial income | 75/76B | €155 | €1,951 | +€1,796 | +1,159% |
| Recurring financial income | 75 | €155 | €1,951 | +€1,796 | +1,159% |
| Financial charges | 65/66B | €10,299 | €11,532 | +€1,233 | +12.0% |
| Recurring financial charges | 65 | €10,299 | €11,532 | +€1,233 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €31,136 | €20,392 | -€10,744 | -34.5% |
| Income taxes | 67/77 | €8,613 | €5,141 | -€3,473 | -40.3% |
| Profit (loss) for the period | 9904 | €22,522 | €15,251 | -€7,271 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,522 | €15,251 | -€7,271 | -32.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.