CAP CONSEIL: 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 CONSEIL
Largest movements
- Receivables within one year -€237,392
down €237,392 (-62.8%), from €378,098 to €140,706
of which Trade receivables: -€246,613
- Cash +€24,469
up €24,469 (+135.9%), from €17,999 to €42,468
mainly Receivables within one year (+€237,392) and Net result for the year (+€19,789)
- Intangible fixed assets -€5,179
down €5,179 (-36.0%), from €14,370 to €9,191
- Tax, wage and social debts -€92,670
down €92,670 (-96.7%), from €95,826 to €3,156
of which Taxes: -€74,413
- Accrued charges and deferred income -€71,185
down €71,185 (-99.5%), from €71,549 to €364
- Trade debts -€43,419
down €43,419 (-35.1%), from €123,765 to €80,346
- Debts after one year -€29,914
down €29,914 (-69.9%), from €42,777 to €12,863
- Other debts +€13,243
up €13,243 (+1821.6%), from €727 to €13,970
- Staff costs -€83,060
down €83,060 (-47.1%), from €176,415 to €93,355
- Gross operating margin -€72,406
down €72,406 (-34.9%), from €207,236 to €134,830
- Write-downs -€6,866
down €6,866, from €6,216 to -€650
- Taxes +€4,368
up €4,368 (+120.5%), from €3,625 to €7,993
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 | €434,218 | €212,842 | -€221,376 | -51.0% |
| Fixed assets | 21/28 | €25,193 | €19,809 | -€5,384 | -21.4% |
| Intangible fixed assets | 21 | €14,370 | €9,191 | -€5,179 | -36.0% |
| Tangible fixed assets | 22/27 | €7,688 | €4,483 | -€3,205 | -41.7% |
| Furniture and vehicles | 24 | €7,688 | €4,483 | -€3,205 | -41.7% |
| Financial fixed assets | 28 | €3,135 | €6,135 | +€3,000 | +95.7% |
| Current assets | 29/58 | €409,025 | €193,033 | -€215,992 | -52.8% |
| Amounts receivable within one year | 40/41 | €378,098 | €140,706 | -€237,392 | -62.8% |
| Trade receivables | 40 | €351,669 | €105,056 | -€246,613 | -70.1% |
| Other amounts receivable | 41 | €26,429 | €35,650 | +€9,221 | +34.9% |
| Current investments | 50/53 | €4,258 | €4,287 | +€29 | +0.7% |
| Cash at bank and in hand | 54/58 | €17,999 | €42,468 | +€24,469 | +135.9% |
| Deferred charges and accrued income | 490/1 | €8,670 | €5,572 | -€3,098 | -35.7% |
| Total equity and liabilities | 10/49 | €434,218 | €212,842 | -€221,376 | -51.0% |
| Equity | 10/15 | €62,440 | €72,229 | +€9,789 | +15.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,311 | €1,860 | -€451 | -19.5% |
| Tax-exempt reserves | 132 | €451 | - | -€451 | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,929 | €64,169 | +€10,240 | +19.0% |
| Amounts payable | 17/49 | €371,778 | €140,613 | -€231,165 | -62.2% |
| Amounts payable after more than one year | 17 | €42,777 | €12,863 | -€29,914 | -69.9% |
| Financial debts | 170/4 | €42,777 | €12,863 | -€29,914 | -69.9% |
| Amounts payable within one year | 42/48 | €257,452 | €127,386 | -€130,066 | -50.5% |
| Current portion of amounts payable after more than one year | 42 | €28,612 | €29,914 | +€1,302 | +4.6% |
| Financial debts | 43 | €8,522 | - | -€8,522 | |
| Other loans | 439 | €8,522 | - | -€8,522 | |
| Trade debts | 44 | €123,765 | €80,346 | -€43,419 | -35.1% |
| Suppliers | 440/4 | €123,765 | €80,346 | -€43,419 | -35.1% |
| Taxes, remuneration and social security | 45 | €95,826 | €3,156 | -€92,670 | -96.7% |
| Taxes | 450/3 | €77,569 | €3,156 | -€74,413 | -95.9% |
| Remuneration and social security | 454/9 | €18,257 | - | -€18,257 | |
| Other amounts payable | 47/48 | €727 | €13,970 | +€13,243 | +1821.6% |
| Accrued charges and deferred income | 492/3 | €71,549 | €364 | -€71,185 | -99.5% |
| Non-recurring operating income | 76A | €302 | - | -€302 | |
| Remuneration, social security and pensions | 62 | €176,415 | €93,355 | -€83,060 | -47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,300 | €8,384 | -€916 | -9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,216 | -€650 | -€6,866 | |
| Other operating charges | 640/8 | €422 | €445 | +€23 | +5.5% |
| Non-recurring operating charges | 66A | €764 | €80 | -€684 | -89.5% |
| Gross operating margin | 9900 | €207,236 | €134,830 | -€72,406 | -34.9% |
| Operating profit (loss) | 9901 | €14,119 | €33,216 | +€19,097 | +135.3% |
| Financial income | 75/76B | €42 | €513 | +€471 | +1121.4% |
| Recurring financial income | 75 | €42 | €513 | +€471 | +1121.4% |
| Financial charges | 65/66B | €5,869 | €5,947 | +€78 | +1.3% |
| Recurring financial charges | 65 | €5,869 | €5,947 | +€78 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €8,292 | €27,782 | +€19,490 | +235.0% |
| Income taxes | 67/77 | €3,625 | €7,993 | +€4,368 | +120.5% |
| Profit (loss) for the period | 9904 | €4,667 | €19,789 | +€15,122 | +324.0% |
| Transfer from tax-exempt reserves | 789 | - | €451 | +€451 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,667 | €20,240 | +€15,573 | +333.7% |
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 4 October 2026 via checked.be.