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
- Tangible fixed assets -€7,885
down €7,885 (-5.2%), from €151,071 to €143,186
of which Land and buildings: -€4,256
- Receivables within one year -€6,068
down €6,068 (-97.4%), from €6,232 to €164
- Cash +€2,866
new in 2025: €2,866
mainly Depreciation (+€7,885) and Receivables within one year (+€6,068)
- Trade debts -€5,127
down €5,127 (-75.8%), from €6,768 to €1,641
- Profit (loss) carried forward -€4,025
down €4,025 (-6.5%), from €62,276 to €58,251
- Debts after one year -€2,115
down €2,115 (-29.8%), from €7,101 to €4,986
- Staff costs -€13,642
down €13,642 (-54.1%), from €25,219 to €11,577
- Gross operating margin -€12,075
down €12,075 (-32.4%), from €37,284 to €25,209
- Financial charges +€4,554
up €4,554 (+253%), from €1,798 to €6,352
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 | €160,352 | €149,875 | -€10,477 | -6.5% |
| Fixed assets | 21/28 | €151,239 | €143,354 | -€7,885 | -5.2% |
| Tangible fixed assets | 22/27 | €151,071 | €143,186 | -€7,885 | -5.2% |
| Land and buildings | 22 | €129,977 | €125,722 | -€4,256 | -3.3% |
| Plant, machinery and equipment | 23 | €1,027 | €576 | -€450 | -43.9% |
| Other tangible fixed assets | 26 | €20,067 | €16,888 | -€3,179 | -15.8% |
| Financial fixed assets | 28 | €168 | €168 | = | 0.0% |
| Current assets | 29/58 | €9,113 | €6,521 | -€2,592 | -28.4% |
| Stocks and contracts in progress | 3 | €2,856 | €3,492 | +€636 | +22.3% |
| Stocks | 30/36 | €2,856 | €3,492 | +€636 | +22.3% |
| Amounts receivable within one year | 40/41 | €6,232 | €164 | -€6,068 | -97.4% |
| Other amounts receivable | 41 | €6,232 | €164 | -€6,068 | -97.4% |
| Cash at bank and in hand | 54/58 | - | €2,866 | +€2,866 | |
| Deferred charges and accrued income | 490/1 | €25 | - | -€25 | |
| Total equity and liabilities | 10/49 | €160,352 | €149,875 | -€10,477 | -6.5% |
| Equity | 10/15 | €128,449 | €124,425 | -€4,025 | -3.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €57,000 | €57,000 | = | 0.0% |
| Reserves | 13 | €2,974 | €2,974 | = | 0.0% |
| Non-distributable reserves | 130/1 | €374 | €374 | = | 0.0% |
| Legal reserve | 130 | €374 | €374 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,600 | €2,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,276 | €58,251 | -€4,025 | -6.5% |
| Amounts payable | 17/49 | €31,903 | €25,450 | -€6,452 | -20.2% |
| Amounts payable after more than one year | 17 | €7,101 | €4,986 | -€2,115 | -29.8% |
| Financial debts | 170/4 | €7,101 | €4,986 | -€2,115 | -29.8% |
| Amounts payable within one year | 42/48 | €24,801 | €20,464 | -€4,337 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €903 | €2,115 | +€1,212 | +134% |
| Financial debts | 43 | €7,135 | €7,903 | +€768 | +10.8% |
| Credit institutions | 430/8 | €7,135 | €7,903 | +€768 | +10.8% |
| Trade debts | 44 | €6,768 | €1,641 | -€5,127 | -75.8% |
| Suppliers | 440/4 | €6,768 | €1,641 | -€5,127 | -75.8% |
| Taxes, remuneration and social security | 45 | €9,995 | €8,805 | -€1,190 | -11.9% |
| Taxes | 450/3 | €4,189 | €5,336 | +€1,147 | +27.4% |
| Remuneration and social security | 454/9 | €5,806 | €3,469 | -€2,337 | -40.3% |
| Remuneration, social security and pensions | 62 | €25,219 | €11,577 | -€13,642 | -54.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,885 | €7,885 | = | 0.0% |
| Other operating charges | 640/8 | €3,133 | €3,420 | +€287 | +9.2% |
| Gross operating margin | 9900 | €37,284 | €25,209 | -€12,075 | -32.4% |
| Operating profit (loss) | 9901 | €1,047 | €2,327 | +€1,280 | +122% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,798 | €6,352 | +€4,554 | +253% |
| Recurring financial charges | 65 | €1,798 | €6,352 | +€4,554 | +253% |
| Profit (loss) for the period before taxes | 9903 | -€751 | -€4,025 | -€3,274 | -436% |
| Income taxes | 67/77 | €75 | - | -€75 | |
| Profit (loss) for the period | 9904 | -€826 | -€4,025 | -€3,199 | -387% |
| Profit (loss) for the period to be appropriated | 9905 | -€826 | -€4,025 | -€3,199 | -387% |
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 21 October 2026 via checked.be.