CAP-EGOUT: 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-EGOUT
Largest movements
- Receivables within one year -€49,442
down €49,442 (-26.1%), from €189,450 to €140,007
of which Trade receivables: -€55,328
- Tangible fixed assets +€20,396
up €20,396 (+15.7%), from €130,276 to €150,672
of which Furniture and vehicles: +€22,183
- Cash +€5,276
up €5,276 (+3.6%), from €148,444 to €153,719
mainly Receivables within one year (+€49,442) and Depreciation (+€43,321)
- Deferred charges and accrued income -€5,009
down €5,009 (-35.0%), from €14,291 to €9,282
- Trade debts -€49,813
down €49,813 (-39.2%), from €126,990 to €77,177
- Other debts -€39,168
down €39,168 (-31.5%), from €124,190 to €85,022
- Tax, wage and social debts +€20,193
up €20,193 (+91.4%), from €22,096 to €42,289
of which Taxes: +€10,871
- Debts after one year +€15,153
up €15,153 (+44.1%), from €34,335 to €49,488
- Profit (loss) carried forward +€11,774
up €11,774 (+8.0%), from €146,343 to €158,117
- Gross operating margin -€149,988
down €149,988 (-24.2%), from €619,870 to €469,881
- Staff costs -€95,839
down €95,839 (-20.0%), from €480,290 to €384,451
- Other operating charges -€23,684
down €23,684 (-72.2%), from €32,805 to €9,122
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 | €488,676 | €455,849 | -€32,827 | -6.7% |
| Fixed assets | 21/28 | €136,491 | €152,839 | +€16,348 | +12.0% |
| Intangible fixed assets | 21 | €4,048 | €0 | -€4,048 | -100.0% |
| Tangible fixed assets | 22/27 | €130,276 | €150,672 | +€20,396 | +15.7% |
| Plant, machinery and equipment | 23 | €3,994 | €2,207 | -€1,787 | -44.7% |
| Furniture and vehicles | 24 | €126,282 | €148,464 | +€22,183 | +17.6% |
| Financial fixed assets | 28 | €2,168 | €2,168 | = | 0.0% |
| Current assets | 29/58 | €352,185 | €303,009 | -€49,175 | -14.0% |
| Amounts receivable within one year | 40/41 | €189,450 | €140,007 | -€49,442 | -26.1% |
| Trade receivables | 40 | €130,622 | €75,293 | -€55,328 | -42.4% |
| Other amounts receivable | 41 | €58,828 | €64,714 | +€5,886 | +10.0% |
| Cash at bank and in hand | 54/58 | €148,444 | €153,719 | +€5,276 | +3.6% |
| Deferred charges and accrued income | 490/1 | €14,291 | €9,282 | -€5,009 | -35.0% |
| Total equity and liabilities | 10/49 | €488,676 | €455,849 | -€32,827 | -6.7% |
| Equity | 10/15 | €166,803 | €178,577 | +€11,774 | +7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,343 | €158,117 | +€11,774 | +8.0% |
| Amounts payable | 17/49 | €321,873 | €277,271 | -€44,602 | -13.9% |
| Amounts payable after more than one year | 17 | €34,335 | €49,488 | +€15,153 | +44.1% |
| Financial debts | 170/4 | €34,335 | €49,488 | +€15,153 | +44.1% |
| Amounts payable within one year | 42/48 | €287,538 | €227,784 | -€59,754 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €13,212 | €23,296 | +€10,083 | +76.3% |
| Trade debts | 44 | €126,990 | €77,177 | -€49,813 | -39.2% |
| Suppliers | 440/4 | €126,990 | €77,177 | -€49,813 | -39.2% |
| Advances received on contracts in progress | 46 | €1,050 | €0 | -€1,050 | -100.0% |
| Taxes, remuneration and social security | 45 | €22,096 | €42,289 | +€20,193 | +91.4% |
| Taxes | 450/3 | €13,263 | €24,134 | +€10,871 | +82.0% |
| Remuneration and social security | 454/9 | €8,833 | €18,155 | +€9,322 | +105.5% |
| Other amounts payable | 47/48 | €124,190 | €85,022 | -€39,168 | -31.5% |
| Non-recurring operating income | 76A | - | €14,000 | +€14,000 | |
| Remuneration, social security and pensions | 62 | €480,290 | €384,451 | -€95,839 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,724 | €43,321 | +€5,597 | +14.8% |
| Other operating charges | 640/8 | €32,805 | €9,122 | -€23,684 | -72.2% |
| Gross operating margin | 9900 | €619,870 | €469,881 | -€149,988 | -24.2% |
| Operating profit (loss) | 9901 | €69,050 | €32,987 | -€36,063 | -52.2% |
| Financial income | 75/76B | €92 | €636 | +€545 | +595.2% |
| Recurring financial income | 75 | €92 | €636 | +€545 | +595.2% |
| Financial charges | 65/66B | €12,098 | €11,152 | -€946 | -7.8% |
| Recurring financial charges | 65 | €12,098 | €11,152 | -€946 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €57,044 | €22,472 | -€34,572 | -60.6% |
| Income taxes | 67/77 | €13,178 | €10,698 | -€2,480 | -18.8% |
| Profit (loss) for the period | 9904 | €43,866 | €11,774 | -€32,091 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,866 | €11,774 | -€32,091 | -73.2% |
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 8 October 2026 via checked.be.