CAP Engineering: 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 Engineering
Largest movements
- Cash -€96,127
down €96,127 (-41.4%), from €232,466 to €136,339
mainly Tax, wage and social debts (-€44,859) and Net result for the year (-€31,643)
- Receivables within one year +€28,062
up €28,062 (+712.1%), from €3,941 to €32,003
of which Trade receivables: +€29,654
- Tangible fixed assets -€12,037
down €12,037 (-50.0%), from €24,074 to €12,037
- Tax, wage and social debts -€44,859
down €44,859 (-78.6%), from €57,075 to €12,216
of which Remuneration and social security: -€34,000
- Profit (loss) carried forward -€31,643
down €31,643 (-5.0%), from -€631,664 to -€663,307
- Trade debts -€18,315
no longer reported in 2025 (was €18,315)
- Other debts +€13,728
up €13,728 (+51.6%), from €26,622 to €40,350
- Gross operating margin -€108,848
down €108,848 (-80.4%), from €135,419 to €26,571
- Financial charges -€20,622
down €20,622 (-31.1%), from €66,258 to €45,636
of which Financial charges: -€22,428
- Taxes -€12,808
down €12,808 (-98.9%), from €12,949 to €141
- Depreciation -€1,668
down €1,668 (-12.2%), from €13,706 to €12,037
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 | €261,959 | €180,869 | -€81,090 | -31.0% |
| Fixed assets | 21/28 | €25,074 | €12,037 | -€13,037 | -52.0% |
| Tangible fixed assets | 22/27 | €24,074 | €12,037 | -€12,037 | -50.0% |
| Furniture and vehicles | 24 | €24,074 | €12,037 | -€12,037 | -50.0% |
| Financial fixed assets | 28 | €1,000 | €0 | -€1,000 | -100.0% |
| Current assets | 29/58 | €236,884 | €168,832 | -€68,053 | -28.7% |
| Amounts receivable within one year | 40/41 | €3,941 | €32,003 | +€28,062 | +712.1% |
| Trade receivables | 40 | €353 | €30,007 | +€29,654 | +8393.5% |
| Other amounts receivable | 41 | €3,587 | €1,995 | -€1,592 | -44.4% |
| Cash at bank and in hand | 54/58 | €232,466 | €136,339 | -€96,127 | -41.4% |
| Deferred charges and accrued income | 490/1 | €477 | €490 | +€12 | +2.6% |
| Total equity and liabilities | 10/49 | €261,959 | €180,869 | -€81,090 | -31.0% |
| Equity | 10/15 | -€611,204 | -€642,847 | -€31,643 | -5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€631,664 | -€663,307 | -€31,643 | -5.0% |
| Amounts payable | 17/49 | €873,163 | €823,716 | -€49,447 | -5.7% |
| Amounts payable after more than one year | 17 | €727,500 | €727,500 | = | 0.0% |
| Financial debts | 170/4 | €727,500 | €727,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €102,013 | €52,566 | -€49,447 | -48.5% |
| Trade debts | 44 | €18,315 | - | -€18,315 | |
| Suppliers | 440/4 | €18,315 | - | -€18,315 | |
| Taxes, remuneration and social security | 45 | €57,075 | €12,216 | -€44,859 | -78.6% |
| Taxes | 450/3 | €23,075 | €12,216 | -€10,859 | -47.1% |
| Remuneration and social security | 454/9 | €34,000 | - | -€34,000 | |
| Other amounts payable | 47/48 | €26,622 | €40,350 | +€13,728 | +51.6% |
| Accrued charges and deferred income | 492/3 | €43,650 | €43,650 | = | 0.0% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,706 | €12,037 | -€1,668 | -12.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €135,419 | €26,571 | -€108,848 | -80.4% |
| Operating profit (loss) | 9901 | €121,326 | €14,134 | -€107,192 | -88.4% |
| Financial charges | 65/66B | €66,258 | €45,636 | -€20,622 | -31.1% |
| Recurring financial charges | 65 | €66,258 | €43,830 | -€22,428 | -33.8% |
| Non-recurring financial charges | 66B | - | €1,806 | +€1,806 | |
| Profit (loss) for the period before taxes | 9903 | €55,068 | -€31,502 | -€86,570 | |
| Income taxes | 67/77 | €12,949 | €141 | -€12,808 | -98.9% |
| Profit (loss) for the period | 9904 | €42,119 | -€31,643 | -€73,762 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,119 | -€31,643 | -€73,762 |
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 30 September 2026 via checked.be.