CAP 70AM: 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.
CAP 70AM
Largest movements
- Tangible fixed assets -€24,983
down €24,983 (-6.7%), from €375,358 to €350,375
of which Land and buildings: -€22,024
- Cash +€4,289
up €4,289 (+249%), from €1,724 to €6,013
mainly Other debts (+€47,000) and Depreciation (+€24,983)
- Other debts +€47,000
up €47,000 (+97.9%), from €48,000 to €95,000
- Debts after one year -€35,553
down €35,553 (-12.2%), from €292,209 to €256,656
- Profit (loss) carried forward -€28,806
down €28,806 (-73.3%), from -€39,279 to -€68,086
- Gross operating margin -€31,112
down €31,112 (-80.1%), from €38,826 to €7,714
- Financial charges -€983
down €983 (-11.1%), from €8,882 to €7,899
- Other operating charges -€464
down €464 (-5.8%), from €7,977 to €7,513
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.
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.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €378,282 | €358,034 | -€20,247 | -5.4% |
| Fixed assets | 21/28 | €376,558 | €351,575 | -€24,983 | -6.6% |
| Tangible fixed assets | 22/27 | €375,358 | €350,375 | -€24,983 | -6.7% |
| Land and buildings | 22 | €355,496 | €333,472 | -€22,024 | -6.2% |
| Plant, machinery and equipment | 23 | €19,862 | €16,902 | -€2,960 | -14.9% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €1,724 | €6,459 | +€4,736 | +275% |
| Amounts receivable within one year | 40/41 | - | €447 | +€447 | |
| Trade receivables | 40 | - | €447 | +€447 | |
| Cash at bank and in hand | 54/58 | €1,724 | €6,013 | +€4,289 | +249% |
| Total equity and liabilities | 10/49 | €378,282 | €358,034 | -€20,247 | -5.4% |
| Equity | 10/15 | -€7,838 | -€39,669 | -€31,831 | -406% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,279 | -€68,086 | -€28,806 | -73.3% |
| Investment grants | 15 | €12,841 | €9,817 | -€3,025 | -23.6% |
| Provisions and deferred taxes | 16 | €10,750 | €9,899 | -€850 | -7.9% |
| Deferred taxes | 168 | €10,750 | €9,899 | -€850 | -7.9% |
| Amounts payable | 17/49 | €375,370 | €387,804 | +€12,434 | +3.3% |
| Amounts payable after more than one year | 17 | €292,209 | €256,656 | -€35,553 | -12.2% |
| Financial debts | 170/4 | €292,209 | €256,656 | -€35,553 | -12.2% |
| Amounts payable within one year | 42/48 | €83,161 | €131,147 | +€47,987 | +57.7% |
| Current portion of amounts payable after more than one year | 42 | €34,653 | €35,553 | +€900 | +2.6% |
| Trade debts | 44 | €508 | €594 | +€86 | +17.0% |
| Suppliers | 440/4 | €508 | €594 | +€86 | +17.0% |
| Other amounts payable | 47/48 | €48,000 | €95,000 | +€47,000 | +97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,746 | €24,983 | +€238 | +1.0% |
| Other operating charges | 640/8 | €7,977 | €7,513 | -€464 | -5.8% |
| Gross operating margin | 9900 | €38,826 | €7,714 | -€31,112 | -80.1% |
| Operating profit (loss) | 9901 | €6,104 | -€24,782 | -€30,886 | |
| Financial income | 75/76B | €3,025 | €3,025 | = | 0.0% |
| Recurring financial income | 75 | €3,025 | €3,025 | = | 0.0% |
| Financial charges | 65/66B | €8,882 | €7,899 | -€983 | -11.1% |
| Recurring financial charges | 65 | €8,882 | €7,899 | -€983 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €246 | -€29,657 | -€29,903 | |
| Transfer from deferred taxes | 780 | €850 | €850 | = | 0.0% |
| Profit (loss) for the period | 9904 | €1,097 | -€28,806 | -€29,903 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,097 | -€28,806 | -€29,903 |
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 16 October 2026 via checked.be.