C.A.P.: 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.
C.A.P.
Largest movements
- Cash +€24,098
up €24,098 (+18.9%), from €127,558 to €151,655
mainly Net result for the year (+€31,433) and Other debts (+€13,370)
- Other debts +€13,370
up €13,370 (+64.3%), from €20,787 to €34,157
- Gross operating margin +€9,137
up €9,137 (+23.6%), from €38,779 to €47,916
- Taxes +€2,954
up €2,954 (+25.2%), from €11,714 to €14,668
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 | €1,035,196 | €1,060,293 | +€25,097 | +2.4% |
| Fixed assets | 21/28 | €907,290 | €907,290 | = | 0.0% |
| Tangible fixed assets | 22/27 | €907,290 | €907,290 | = | 0.0% |
| Land and buildings | 22 | €907,290 | €907,290 | = | 0.0% |
| Current assets | 29/58 | €127,906 | €153,003 | +€25,097 | +19.6% |
| Amounts receivable within one year | 40/41 | €334 | €1,332 | +€998 | +299% |
| Trade receivables | 40 | - | €1,332 | +€1,332 | |
| Other amounts receivable | 41 | €334 | - | -€334 | |
| Cash at bank and in hand | 54/58 | €127,558 | €151,655 | +€24,098 | +18.9% |
| Deferred charges and accrued income | 490/1 | €15 | €15 | +€0 | +2.7% |
| Total equity and liabilities | 10/49 | €1,035,196 | €1,060,293 | +€25,097 | +2.4% |
| Equity | 10/15 | €1,013,419 | €1,023,582 | +€10,163 | +1.0% |
| Contributions | 10/11 | €670,000 | €670,000 | = | 0.0% |
| Capital | 10 | €670,000 | €670,000 | = | 0.0% |
| Issued capital | 100 | €670,000 | €670,000 | = | 0.0% |
| Reserves | 13 | €343,419 | €353,582 | +€10,163 | +3.0% |
| Non-distributable reserves | 130/1 | €67,000 | €67,000 | = | 0.0% |
| Legal reserve | 130 | €67,000 | €67,000 | = | 0.0% |
| Distributable reserves | 133 | €276,419 | €286,582 | +€10,163 | +3.7% |
| Amounts payable | 17/49 | €21,777 | €36,711 | +€14,934 | +68.6% |
| Amounts payable within one year | 42/48 | €21,777 | €36,711 | +€14,934 | +68.6% |
| Taxes, remuneration and social security | 45 | €990 | €2,554 | +€1,564 | +158% |
| Taxes | 450/3 | €990 | €2,554 | +€1,564 | +158% |
| Other amounts payable | 47/48 | €20,787 | €34,157 | +€13,370 | +64.3% |
| Other operating charges | 640/8 | €1,987 | €2,047 | +€60 | +3.0% |
| Gross operating margin | 9900 | €38,779 | €47,916 | +€9,137 | +23.6% |
| Operating profit (loss) | 9901 | €36,792 | €45,869 | +€9,077 | +24.7% |
| Financial income | 75/76B | €158 | €382 | +€224 | +141% |
| Recurring financial income | 75 | €158 | €382 | +€224 | +141% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €36,815 | €46,101 | +€9,286 | +25.2% |
| Income taxes | 67/77 | €11,714 | €14,668 | +€2,954 | +25.2% |
| Profit (loss) for the period | 9904 | €25,102 | €31,433 | +€6,331 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,102 | €31,433 | +€6,331 | +25.2% |
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 16 October 2026 via checked.be.