CAP'HOUSES: 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'HOUSES
Largest movements
- Cash +€190,544
up €190,544 (+58.0%), from €328,684 to €519,228
mainly Advances received (+€230,420) and Depreciation (+€51,747)
- Tangible fixed assets +€61,378
up €61,378 (+14.4%), from €426,549 to €487,927
of which Land and buildings: +€31,249
- Receivables within one year -€32,091
down €32,091 (-26.3%), from €121,853 to €89,762
of which Trade receivables: -€40,674
- Advances received +€230,420
up €230,420 (+56.0%), from €411,578 to €641,999
- Tax, wage and social debts -€15,913
down €15,913 (-23.9%), from €66,475 to €50,562
of which Taxes: -€17,234
- Debts after one year -€13,278
down €13,278 (-5.8%), from €230,803 to €217,525
- Gross operating margin +€126,273
up €126,273 (+70.6%), from €178,786 to €305,059
- Staff costs +€69,960
up €69,960 (+44.3%), from €157,947 to €227,906
- Depreciation +€42,045
up €42,045 (+433%), from €9,702 to €51,747
- Financial charges +€4,286
up €4,286 (+50.9%), from €8,418 to €12,704
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 | €878,405 | €1,096,917 | +€218,512 | +24.9% |
| Fixed assets | 21/28 | €426,549 | €487,927 | +€61,378 | +14.4% |
| Tangible fixed assets | 22/27 | €426,549 | €487,927 | +€61,378 | +14.4% |
| Land and buildings | 22 | €414,424 | €445,673 | +€31,249 | +7.5% |
| Furniture and vehicles | 24 | €12,125 | €42,254 | +€30,129 | +248% |
| Current assets | 29/58 | €451,856 | €608,990 | +€157,134 | +34.8% |
| Amounts receivable within one year | 40/41 | €121,853 | €89,762 | -€32,091 | -26.3% |
| Trade receivables | 40 | €89,130 | €48,456 | -€40,674 | -45.6% |
| Other amounts receivable | 41 | €32,723 | €41,306 | +€8,584 | +26.2% |
| Cash at bank and in hand | 54/58 | €328,684 | €519,228 | +€190,544 | +58.0% |
| Deferred charges and accrued income | 490/1 | €1,319 | €0 | -€1,319 | -100% |
| Total equity and liabilities | 10/49 | €878,405 | €1,096,917 | +€218,512 | +24.9% |
| Equity | 10/15 | €75,370 | €86,142 | +€10,772 | +14.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €69,170 | €79,942 | +€10,772 | +15.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €67,310 | €78,082 | +€10,772 | +16.0% |
| Amounts payable | 17/49 | €803,035 | €1,010,775 | +€207,741 | +25.9% |
| Amounts payable after more than one year | 17 | €230,803 | €217,525 | -€13,278 | -5.8% |
| Financial debts | 170/4 | €230,803 | €217,525 | -€13,278 | -5.8% |
| Amounts payable within one year | 42/48 | €572,231 | €793,250 | +€221,019 | +38.6% |
| Current portion of amounts payable after more than one year | 42 | €26,842 | €36,778 | +€9,936 | +37.0% |
| Trade debts | 44 | €64,667 | €63,911 | -€755 | -1.2% |
| Suppliers | 440/4 | €64,667 | €63,911 | -€755 | -1.2% |
| Advances received on contracts in progress | 46 | €411,578 | €641,999 | +€230,420 | +56.0% |
| Taxes, remuneration and social security | 45 | €66,475 | €50,562 | -€15,913 | -23.9% |
| Taxes | 450/3 | €46,886 | €29,652 | -€17,234 | -36.8% |
| Remuneration and social security | 454/9 | €19,589 | €20,910 | +€1,321 | +6.7% |
| Other amounts payable | 47/48 | €2,669 | €0 | -€2,669 | -100% |
| Non-recurring operating income | 76A | - | €2,105 | +€2,105 | |
| Remuneration, social security and pensions | 62 | €157,947 | €227,906 | +€69,960 | +44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,702 | €51,747 | +€42,045 | +433% |
| Other operating charges | 640/8 | €1,909 | €960 | -€949 | -49.7% |
| Gross operating margin | 9900 | €178,786 | €305,059 | +€126,273 | +70.6% |
| Operating profit (loss) | 9901 | €9,229 | €24,445 | +€15,217 | +165% |
| Financial income | 75/76B | €800 | - | -€800 | |
| Recurring financial income | 75 | €800 | - | -€800 | |
| Financial charges | 65/66B | €8,418 | €12,704 | +€4,286 | +50.9% |
| Recurring financial charges | 65 | €8,418 | €12,704 | +€4,286 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €1,610 | €11,741 | +€10,131 | +629% |
| Income taxes | 67/77 | - | €969 | +€969 | |
| Profit (loss) for the period | 9904 | €1,610 | €10,772 | +€9,161 | +569% |
| Profit (loss) for the period to be appropriated | 9905 | €1,610 | €10,772 | +€9,161 | +569% |
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 17 October 2026 via checked.be.