UNCAPPED: 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.
UNCAPPED
Largest movements
- Deferred charges and accrued income +€20,938
up €20,938 (+132%), from €15,860 to €36,798
- Receivables within one year -€9,565
down €9,565 (-18.0%), from €53,201 to €43,636
of which Trade receivables: -€10,233
- Tangible fixed assets -€5,625
down €5,625 (-29.2%), from €19,243 to €13,618
of which Leasing and similar rights: -€5,538
- Cash +€4,500
up €4,500 (+15.0%), from €30,071 to €34,571
mainly Trade debts (+€11,220) and Depreciation (+€11,053)
- Trade debts +€11,220
up €11,220 (+74.6%), from €15,047 to €26,267
- Profit (loss) carried forward +€2,823
up €2,823 (+9.1%), from -€31,180 to -€28,357
- Debts after one year -€2,321
down €2,321 (-69.3%), from €3,351 to €1,030
- Gross operating margin -€26,259
down €26,259 (-12.8%), from €205,384 to €179,125
- Staff costs -€9,705
down €9,705 (-5.7%), from €171,435 to €161,730
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 | €118,665 | €128,913 | +€10,248 | +8.6% |
| Fixed assets | 21/28 | €19,533 | €13,908 | -€5,625 | -28.8% |
| Tangible fixed assets | 22/27 | €19,243 | €13,618 | -€5,625 | -29.2% |
| Plant, machinery and equipment | 23 | €3,676 | €1,148 | -€2,528 | -68.8% |
| Furniture and vehicles | 24 | €1,368 | €5,759 | +€4,392 | +321% |
| Leasing and similar rights | 25 | €8,936 | €3,399 | -€5,538 | -62.0% |
| Other tangible fixed assets | 26 | €5,263 | €3,312 | -€1,951 | -37.1% |
| Financial fixed assets | 28 | €290 | €290 | = | 0.0% |
| Current assets | 29/58 | €99,131 | €115,005 | +€15,873 | +16.0% |
| Amounts receivable within one year | 40/41 | €53,201 | €43,636 | -€9,565 | -18.0% |
| Trade receivables | 40 | €41,928 | €31,695 | -€10,233 | -24.4% |
| Other amounts receivable | 41 | €11,273 | €11,941 | +€668 | +5.9% |
| Cash at bank and in hand | 54/58 | €30,071 | €34,571 | +€4,500 | +15.0% |
| Deferred charges and accrued income | 490/1 | €15,860 | €36,798 | +€20,938 | +132% |
| Total equity and liabilities | 10/49 | €118,665 | €128,913 | +€10,248 | +8.6% |
| Equity | 10/15 | €51,121 | €53,944 | +€2,823 | +5.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €81,301 | €81,301 | = | 0.0% |
| Distributable reserves | 133 | €81,301 | €81,301 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,180 | -€28,357 | +€2,823 | +9.1% |
| Amounts payable | 17/49 | €67,544 | €74,969 | +€7,425 | +11.0% |
| Amounts payable after more than one year | 17 | €3,351 | €1,030 | -€2,321 | -69.3% |
| Financial debts | 170/4 | €3,351 | €1,030 | -€2,321 | -69.3% |
| Amounts payable within one year | 42/48 | €62,194 | €72,760 | +€10,566 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €5,669 | €5,748 | +€78 | +1.4% |
| Trade debts | 44 | €15,047 | €26,267 | +€11,220 | +74.6% |
| Suppliers | 440/4 | €15,047 | €26,267 | +€11,220 | +74.6% |
| Taxes, remuneration and social security | 45 | €41,060 | €40,745 | -€314 | -0.8% |
| Taxes | 450/3 | €16,157 | €15,631 | -€526 | -3.3% |
| Remuneration and social security | 454/9 | €24,902 | €25,114 | +€212 | +0.9% |
| Other amounts payable | 47/48 | €418 | - | -€418 | |
| Accrued charges and deferred income | 492/3 | €1,999 | €1,179 | -€820 | -41.0% |
| Non-recurring operating income | 76A | €204 | - | -€204 | |
| Remuneration, social security and pensions | 62 | €171,435 | €161,730 | -€9,705 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,842 | €11,053 | +€211 | +1.9% |
| Other operating charges | 640/8 | €2,359 | €2,223 | -€135 | -5.7% |
| Gross operating margin | 9900 | €205,384 | €179,125 | -€26,259 | -12.8% |
| Operating profit (loss) | 9901 | €20,749 | €4,118 | -€16,630 | -80.2% |
| Financial income | 75/76B | €163 | €819 | +€657 | +404% |
| Recurring financial income | 75 | €163 | €819 | +€657 | +404% |
| Financial charges | 65/66B | €1,234 | €1,745 | +€511 | +41.4% |
| Recurring financial charges | 65 | €1,234 | €1,745 | +€511 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | €19,677 | €3,192 | -€16,485 | -83.8% |
| Income taxes | 67/77 | €342 | €369 | +€27 | +8.0% |
| Profit (loss) for the period | 9904 | €19,335 | €2,823 | -€16,512 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,335 | €2,823 | -€16,512 | -85.4% |
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 14 October 2026 via checked.be.