What changed?
Two fiscal 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.
CAP'ARCHITECTURE
Largest movements
- Cash +€16,400
up €16,400 (+188.5%), from €8,698 to €25,098
mainly Depreciation (+€16,031) and Net result for the year (+€12,254)
- Intangible fixed assets -€8,000
down €8,000 (-14.8%), from €53,984 to €45,984
- Receivables within one year -€7,103
down €7,103 (-76.8%), from €9,245 to €2,142
- Tangible fixed assets -€6,426
down €6,426 (-3.4%), from €191,021 to €184,595
of which Land and buildings: -€7,493
- Debts after one year -€20,950
down €20,950 (-7.5%), from €279,363 to €258,413
of which Financial debts: -€15,950
- Profit (loss) carried forward +€12,254
up €12,254 (+25.8%), from -€47,421 to -€35,167
- Current portion of long-term debt -€3,271
down €3,271 (-17.0%), from €19,221 to €15,950
- Tax, wage and social debts +€2,851
up €2,851 (+92.0%), from €3,100 to €5,951
- Depreciation -€4,819
down €4,819 (-23.1%), from €20,850 to €16,031
- Gross operating margin -€3,076
down €3,076 (-8.0%), from €38,526 to €35,451
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.
Cash bridge derived
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 | €268,221 | €260,843 | -€7,378 | -2.8% |
| Fixed assets | 21/28 | €248,029 | €233,603 | -€14,426 | -5.8% |
| Intangible fixed assets | 21 | €53,984 | €45,984 | -€8,000 | -14.8% |
| Tangible fixed assets | 22/27 | €191,021 | €184,595 | -€6,426 | -3.4% |
| Land and buildings | 22 | €189,215 | €181,722 | -€7,493 | -4.0% |
| Furniture and vehicles | 24 | €1,805 | €2,873 | +€1,067 | +59.1% |
| Financial fixed assets | 28 | €3,025 | €3,025 | = | 0.0% |
| Current assets | 29/58 | €20,192 | €27,240 | +€7,048 | +34.9% |
| Amounts receivable within one year | 40/41 | €9,245 | €2,142 | -€7,103 | -76.8% |
| Trade receivables | 40 | €9,245 | €2,142 | -€7,103 | -76.8% |
| Cash at bank and in hand | 54/58 | €8,698 | €25,098 | +€16,400 | +188.5% |
| Deferred charges and accrued income | 490/1 | €2,249 | - | -€2,249 | |
| Total equity and liabilities | 10/49 | €268,221 | €260,843 | -€7,378 | -2.8% |
| Equity | 10/15 | -€37,421 | -€25,167 | +€12,254 | +32.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Share premium | 1100/10 | - | €10,000 | +€10,000 | |
| Other | 1109/19 | €10,000 | - | -€10,000 | |
| Profit (loss) carried forward | 14 | -€47,421 | -€35,167 | +€12,254 | +25.8% |
| Amounts payable | 17/49 | €305,642 | €286,010 | -€19,632 | -6.4% |
| Amounts payable after more than one year | 17 | €279,363 | €258,413 | -€20,950 | -7.5% |
| Financial debts | 170/4 | €201,363 | €185,413 | -€15,950 | -7.9% |
| Other amounts payable | 178/9 | €78,000 | €73,000 | -€5,000 | -6.4% |
| Amounts payable within one year | 42/48 | €26,279 | €27,597 | +€1,318 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €19,221 | €15,950 | -€3,271 | -17.0% |
| Trade debts | 44 | €2,085 | €2,048 | -€37 | -1.8% |
| Suppliers | 440/4 | €192 | €2,048 | +€1,857 | +969.6% |
| Bills of exchange payable | 441 | €1,894 | - | -€1,894 | |
| Taxes, remuneration and social security | 45 | €3,100 | €5,951 | +€2,851 | +92.0% |
| Taxes | 450/3 | €3,100 | €5,951 | +€2,851 | +92.0% |
| Other amounts payable | 47/48 | €1,873 | €3,647 | +€1,775 | +94.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,850 | €16,031 | -€4,819 | -23.1% |
| Other operating charges | 640/8 | €2,672 | €2,865 | +€193 | +7.2% |
| Gross operating margin | 9900 | €38,526 | €35,451 | -€3,076 | -8.0% |
| Operating profit (loss) | 9901 | €15,005 | €16,554 | +€1,550 | +10.3% |
| Financial income | 75/76B | €203 | €219 | +€16 | +7.7% |
| Recurring financial income | 75 | €203 | €219 | +€16 | +7.7% |
| Financial charges | 65/66B | €4,639 | €4,293 | -€346 | -7.5% |
| Recurring financial charges | 65 | €4,639 | €4,105 | -€534 | -11.5% |
| Non-recurring financial charges | 66B | - | €188 | +€188 | |
| Profit (loss) for the period before taxes | 9903 | €10,569 | €12,480 | +€1,911 | +18.1% |
| Income taxes | 67/77 | €277 | €226 | -€52 | -18.6% |
| Profit (loss) for the period | 9904 | €10,291 | €12,254 | +€1,963 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,291 | €12,254 | +€1,963 | +19.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 September 2026 via checked.be.