CAP 48: 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.
What changed
CAP 48
NACE 88.999, Other social work without accommodation
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€28,576
2025 · €50,088-€78,664
Equity
€356,497
2025 · €385,073-€28,576
Cash
€11.1m
2025 · €4.3m+€6.8m
Balance sheet total
€21.7m
2025 · €19.7m+€2.0m
Largest movements
Assets
- Cash +€6.8m
up €6.8m (+159%), from €4.3m to €11.1m
mainly Current investments (+€5.2m) and Debts within one year (+€2.0m)
- Current investments -€5.2m
down €5.2m (-41.0%), from €12.8m to €7.5m
- Receivables within one year +€244,772
up €244,772 (+14.3%), from €1.7m to €2.0m
of which Other amounts receivable: +€314,172
Equity and liabilities
- Debts within one year +€2.0m
up €2.0m (+10.2%), from €19.3m to €21.2m
Income statement
- Other operating charges +€385,008
up €385,008 (+2.9%), from €13.4m to €13.7m
From the 2025 result to the 2026 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.
Result 2025
€50,088
Staff costs
-€84,028
Depreciation
-€10,519
Other operating charges
-€385,008
Other operating items
+€310,141
Financial income
+€69,674
Financial charges
-€17,400
Taxes
+€38,476
Result 2026
-€28,576
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.7m
Investment
+€5.1m
Financing
€0
Cash 2025
€4.3m
From operations (derived)
+€1.7m
Net result for the year
-€28,576
Depreciation
+€65,983
Stocks and contracts
-€22,357
Receivables within one year
-€244,772
Deferred charges and accrued income
-€56,614
Debts within one year
+€2.0m
Accrued charges and deferred income
+€48,767
Investment (derived)
+€5.1m
Investment in fixed assets (net)
-€158,179
Current investments
+€5.2m
Cash 2026
€11.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,686,992 | €21,671,812 | +€2.0m | +10.1% |
| Fixed assets | 21/28 | €253,539 | €345,734 | +€92,196 | +36.4% |
| Intangible fixed assets | 21 | €252,941 | €341,889 | +€88,949 | +35.2% |
| Tangible fixed assets | 22/27 | €598 | €3,845 | +€3,247 | +543% |
| Furniture and vehicles | 24 | €598 | €3,845 | +€3,247 | +543% |
| Current assets | 29/58 | €19,433,453 | €21,326,078 | +€1.9m | +9.7% |
| Stocks and contracts in progress | 3 | €131,091 | €153,448 | +€22,357 | +17.1% |
| Stocks | 30/36 | €131,091 | €153,448 | +€22,357 | +17.1% |
| Goods purchased for resale | 34 | €131,091 | €153,448 | +€22,357 | +17.1% |
| Amounts receivable within one year | 40/41 | €1,711,369 | €1,956,141 | +€244,772 | +14.3% |
| Trade receivables | 40 | €73,600 | €4,200 | -€69,400 | -94.3% |
| Other amounts receivable | 41 | €1,637,769 | €1,951,941 | +€314,172 | +19.2% |
| Current investments | 50/53 | €12,772,278 | €7,536,023 | -€5.2m | -41.0% |
| Cash at bank and in hand | 54/58 | €4,267,195 | €11,072,332 | +€6.8m | +159% |
| Deferred charges and accrued income | 490/1 | €551,520 | €608,133 | +€56,614 | +10.3% |
| Total equity and liabilities | 10/49 | €19,686,992 | €21,671,812 | +€2.0m | +10.1% |
| Equity | 10/15 | €385,073 | €356,497 | -€28,576 | -7.4% |
| Profit (loss) carried forward | 14 | €385,073 | €356,497 | -€28,576 | -7.4% |
| Amounts payable | 17/49 | €19,301,919 | €21,315,315 | +€2.0m | +10.4% |
| Amounts payable within one year | 42/48 | €19,285,054 | €21,249,682 | +€2.0m | +10.2% |
| Trade debts | 44 | €112,164 | €478,485 | +€366,321 | +327% |
| Suppliers | 440/4 | €112,164 | €478,485 | +€366,321 | +327% |
| Taxes, remuneration and social security | 45 | €221,526 | €229,170 | +€7,644 | +3.5% |
| Taxes | 450/3 | €23,110 | €25,584 | +€2,474 | +10.7% |
| Remuneration and social security | 454/9 | €198,416 | €203,586 | +€5,170 | +2.6% |
| Accrued charges and deferred income | 492/3 | €16,865 | €65,633 | +€48,767 | +289% |
| Operating income | 70/76A | €17,129,146 | €17,422,174 | +€293,028 | +1.7% |
| Membership fees, donations, legacies and grants | 73 | €17,129,146 | €17,422,174 | +€293,028 | +1.7% |
| Operating charges | 60/66A | €17,456,681 | €17,919,123 | +€462,442 | +2.6% |
| Goods for resale, raw materials and consumables | 60 | €270,765 | €273,967 | +€3,202 | +1.2% |
| Purchases | 600/8 | €236,825 | €296,324 | +€59,499 | +25.1% |
| Change in stocks: decrease (increase) | 609 | €33,940 | -€22,357 | -€56,297 | |
| Services and other goods | 61 | €1,999,242 | €1,976,814 | -€22,427 | -1.1% |
| Remuneration, social security and pensions | 62 | €1,731,997 | €1,816,025 | +€84,028 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,464 | €65,983 | +€10,519 | +19.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €38,005 | €38,005 | = | 0.0% |
| Other operating charges | 640/8 | €13,361,208 | €13,746,215 | +€385,008 | +2.9% |
| Non-recurring operating charges | 66A | - | €2,112 | +€2,112 | |
| Operating profit (loss) | 9901 | -€327,535 | -€496,949 | -€169,414 | -51.7% |
| Financial income | 75/76B | €565,057 | €634,731 | +€69,674 | +12.3% |
| Recurring financial income | 75 | €440,709 | €303,384 | -€137,325 | -31.2% |
| Income from current assets | 751 | €440,709 | €303,384 | -€137,325 | -31.2% |
| Non-recurring financial income | 76B | €124,348 | €331,347 | +€206,999 | +166% |
| Financial charges | 65/66B | €50,822 | €68,222 | +€17,400 | +34.2% |
| Recurring financial charges | 65 | €50,822 | €68,222 | +€17,400 | +34.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €50,822 | €68,222 | +€17,400 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | €186,700 | €69,560 | -€117,140 | -62.7% |
| Income taxes | 67/77 | €136,613 | €98,136 | -€38,476 | -28.2% |
| Taxes | 670/3 | €136,613 | €98,136 | -€38,476 | -28.2% |
| Profit (loss) for the period | 9904 | €50,088 | -€28,576 | -€78,664 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,088 | -€28,576 | -€78,664 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.