CAP Holiday Rentals: what changed
CAP Holiday Rentals
Largest movements
- Receivables within one year -€58,191
down €58,191 (-79.5%), from €73,234 to €15,043
of which Other amounts receivable: -€67,645
- Intangible fixed assets +€36,027
up €36,027 (+251%), from €14,339 to €50,366
- Cash +€23,463
up €23,463 (+2.9%), from €815,246 to €838,708
mainly Accrued charges and deferred income (+€610,098) and Net result for the year (+€273,943)
- Deferred charges and accrued income +€10,038
new in 2025: €10,038
- Advances received -€661,723
down €661,723 (-99.6%), from €664,084 to €2,361
- Accrued charges and deferred income +€610,098
new in 2025: €610,098
- Other debts +€136,808
up €136,808 (+114%), from €120,000 to €256,808
- Tax, wage and social debts -€70,511
down €70,511 (-78.6%), from €89,709 to €19,198
of which Taxes: -€66,143
- Gross operating margin +€105,143
up €105,143 (+35.4%), from €296,918 to €402,060
- Staff costs -€93,733
down €93,733 (-73.3%), from €127,921 to €34,187
- Taxes +€45,453
up €45,453 (+93.5%), from €48,595 to €94,047
- Financial income +€10,192
up €10,192 (+141%), from €7,221 to €17,413
- Financial charges +€5,078
up €5,078 (+1,027%), from €494 to €5,572
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €905,111 | €920,392 | +€15,280 | +1.7% |
| Fixed assets | 21/28 | €16,632 | €56,603 | +€39,971 | +240% |
| Intangible fixed assets | 21 | €14,339 | €50,366 | +€36,027 | +251% |
| Tangible fixed assets | 22/27 | €2,293 | €6,237 | +€3,944 | +172% |
| Plant, machinery and equipment | 23 | €2,293 | €3,137 | +€844 | +36.8% |
| Furniture and vehicles | 24 | - | €3,100 | +€3,100 | |
| Current assets | 29/58 | €888,479 | €863,789 | -€24,690 | -2.8% |
| Amounts receivable within one year | 40/41 | €73,234 | €15,043 | -€58,191 | -79.5% |
| Trade receivables | 40 | - | €9,455 | +€9,455 | |
| Other amounts receivable | 41 | €73,234 | €5,588 | -€67,645 | -92.4% |
| Cash at bank and in hand | 54/58 | €815,246 | €838,708 | +€23,463 | +2.9% |
| Deferred charges and accrued income | 490/1 | - | €10,038 | +€10,038 | |
| Total equity and liabilities | 10/49 | €905,111 | €920,392 | +€15,280 | +1.7% |
| Equity | 10/15 | €18,894 | €17,837 | -€1,057 | -5.6% |
| Contributions | 10/11 | €603 | €603 | = | 0.0% |
| Reserves | 13 | €6,802 | €6,802 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,802 | €6,802 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,489 | €10,432 | -€1,057 | -9.2% |
| Amounts payable | 17/49 | €886,217 | €902,555 | +€16,338 | +1.8% |
| Amounts payable within one year | 42/48 | €886,217 | €292,457 | -€593,760 | -67.0% |
| Trade debts | 44 | €12,424 | €14,090 | +€1,666 | +13.4% |
| Suppliers | 440/4 | €12,424 | €14,090 | +€1,666 | +13.4% |
| Advances received on contracts in progress | 46 | €664,084 | €2,361 | -€661,723 | -99.6% |
| Taxes, remuneration and social security | 45 | €89,709 | €19,198 | -€70,511 | -78.6% |
| Taxes | 450/3 | €79,509 | €13,366 | -€66,143 | -83.2% |
| Remuneration and social security | 454/9 | €10,200 | €5,831 | -€4,368 | -42.8% |
| Other amounts payable | 47/48 | €120,000 | €256,808 | +€136,808 | +114% |
| Accrued charges and deferred income | 492/3 | - | €610,098 | +€610,098 | |
| Remuneration, social security and pensions | 62 | €127,921 | €34,187 | -€93,733 | -73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,933 | €9,771 | +€2,838 | +40.9% |
| Other operating charges | 640/8 | €428 | €1,953 | +€1,525 | +356% |
| Gross operating margin | 9900 | €296,918 | €402,060 | +€105,143 | +35.4% |
| Operating profit (loss) | 9901 | €161,636 | €356,149 | +€194,513 | +120% |
| Financial income | 75/76B | €7,221 | €17,413 | +€10,192 | +141% |
| Recurring financial income | 75 | €7,221 | €17,413 | +€10,192 | +141% |
| Financial charges | 65/66B | €494 | €5,572 | +€5,078 | +1,027% |
| Recurring financial charges | 65 | €494 | €5,572 | +€5,078 | +1,027% |
| Profit (loss) for the period before taxes | 9903 | €168,363 | €367,990 | +€199,627 | +119% |
| Income taxes | 67/77 | €48,595 | €94,047 | +€45,453 | +93.5% |
| Profit (loss) for the period | 9904 | €119,768 | €273,943 | +€154,174 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €119,768 | €273,943 | +€154,174 | +129% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.