CAP FELICEA: 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 FELICEA
Largest movements
- Tangible fixed assets -€42,453
no longer reported in 2025 (was €42,453)
- Cash +€30,984
up €30,984 (+154%), from €20,183 to €51,167
mainly Investment in fixed assets (net) (+€42,453) and Net result for the year (+€14,866)
- Debts after one year -€17,540
no longer reported in 2025 (was €17,540)
- Profit (loss) carried forward +€14,866
up €14,866 (+41.0%), from €36,240 to €51,105
- Current portion of long-term debt -€11,778
no longer reported in 2025 (was €11,778)
- Other debts -€9,766
down €9,766 (-1.9%), from €506,028 to €496,262
- Other operating charges +€24,935
up €24,935 (+1,432%), from €1,742 to €26,676
- Gross operating margin +€24,671
up €24,671 (+90.9%), from €27,142 to €51,813
- Depreciation -€12,785
no longer reported in 2025 (was €12,785)
- Taxes +€2,264
up €2,264 (+34.3%), from €6,606 to €8,870
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.
Derived cash bridge
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 | €911,468 | €896,676 | -€14,792 | -1.6% |
| Fixed assets | 21/28 | €867,453 | €825,000 | -€42,453 | -4.9% |
| Tangible fixed assets | 22/27 | €42,453 | - | -€42,453 | |
| Furniture and vehicles | 24 | €42,453 | - | -€42,453 | |
| Financial fixed assets | 28 | €825,000 | €825,000 | = | 0.0% |
| Current assets | 29/58 | €44,015 | €71,676 | +€27,661 | +62.8% |
| Amounts receivable within one year | 40/41 | €22,994 | €20,508 | -€2,486 | -10.8% |
| Trade receivables | 40 | €7,683 | €7,260 | -€423 | -5.5% |
| Other amounts receivable | 41 | €15,311 | €13,248 | -€2,063 | -13.5% |
| Cash at bank and in hand | 54/58 | €20,183 | €51,167 | +€30,984 | +154% |
| Deferred charges and accrued income | 490/1 | €837 | - | -€837 | |
| Total equity and liabilities | 10/49 | €911,468 | €896,676 | -€14,792 | -1.6% |
| Equity | 10/15 | €372,178 | €387,044 | +€14,866 | +4.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €330,938 | €330,938 | = | 0.0% |
| Distributable reserves | 133 | €330,938 | €330,938 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,240 | €51,105 | +€14,866 | +41.0% |
| Amounts payable | 17/49 | €539,290 | €509,632 | -€29,658 | -5.5% |
| Amounts payable after more than one year | 17 | €17,540 | - | -€17,540 | |
| Financial debts | 170/4 | €17,540 | - | -€17,540 | |
| Amounts payable within one year | 42/48 | €521,749 | €509,632 | -€12,117 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €11,778 | - | -€11,778 | |
| Trade debts | 44 | €439 | €3,821 | +€3,383 | +771% |
| Suppliers | 440/4 | €439 | €3,821 | +€3,383 | +771% |
| Taxes, remuneration and social security | 45 | €3,504 | €9,548 | +€6,044 | +172% |
| Taxes | 450/3 | €3,504 | €7,034 | +€3,530 | +101% |
| Remuneration and social security | 454/9 | - | €2,514 | +€2,514 | |
| Other amounts payable | 47/48 | €506,028 | €496,262 | -€9,766 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,785 | - | -€12,785 | |
| Other operating charges | 640/8 | €1,742 | €26,676 | +€24,935 | +1,432% |
| Gross operating margin | 9900 | €27,142 | €51,813 | +€24,671 | +90.9% |
| Operating profit (loss) | 9901 | €12,615 | €25,137 | +€12,522 | +99.3% |
| Financial charges | 65/66B | €1,609 | €1,401 | -€208 | -12.9% |
| Recurring financial charges | 65 | €1,609 | €1,401 | -€208 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €11,007 | €23,736 | +€12,729 | +116% |
| Income taxes | 67/77 | €6,606 | €8,870 | +€2,264 | +34.3% |
| Profit (loss) for the period | 9904 | €4,401 | €14,866 | +€10,465 | +238% |
| Profit (loss) for the period to be appropriated | 9905 | €4,401 | €14,866 | +€10,465 | +238% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.