CAP IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€25,171
down €25,171 (-7.4%), from €338,221 to €313,050
- Receivables within one year +€12,000
new in 2025: €12,000
- Debts after one year -€20,540
down €20,540 (-7.7%), from €266,724 to €246,184
- Reserves +€17,000
up €17,000 (+45.9%), from €37,000 to €54,000
- Tax, wage and social debts -€5,800
down €5,800 (-64.4%), from €9,000 to €3,200
- Current portion of long-term debt -€5,377
no longer reported in 2025 (was €5,377)
- Gross operating margin -€1,146
down €1,146 (-2.1%), from €54,000 to €52,854
- Taxes -€621
down €621 (-5.9%), from €10,561 to €9,939
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 | €342,985 | €328,703 | -€14,282 | -4.2% |
| Fixed assets | 21/28 | €338,221 | €313,050 | -€25,171 | -7.4% |
| Tangible fixed assets | 22/27 | €338,221 | €313,050 | -€25,171 | -7.4% |
| Land and buildings | 22 | €338,221 | €313,050 | -€25,171 | -7.4% |
| Current assets | 29/58 | €4,764 | €15,653 | +€10,890 | +228.6% |
| Amounts receivable within one year | 40/41 | - | €12,000 | +€12,000 | |
| Trade receivables | 40 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €4,764 | €3,653 | -€1,110 | -23.3% |
| Total equity and liabilities | 10/49 | €342,985 | €328,703 | -€14,282 | -4.2% |
| Equity | 10/15 | €61,732 | €79,167 | +€17,435 | +28.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,000 | €54,000 | +€17,000 | +45.9% |
| Distributable reserves | 133 | €37,000 | €54,000 | +€17,000 | +45.9% |
| Profit (loss) carried forward | 14 | €6,132 | €6,567 | +€435 | +7.1% |
| Amounts payable | 17/49 | €281,253 | €249,536 | -€31,717 | -11.3% |
| Amounts payable after more than one year | 17 | €266,724 | €246,184 | -€20,540 | -7.7% |
| Financial debts | 170/4 | €266,724 | €246,184 | -€20,540 | -7.7% |
| Amounts payable within one year | 42/48 | €14,529 | €3,353 | -€11,177 | -76.9% |
| Current portion of amounts payable after more than one year | 42 | €5,377 | - | -€5,377 | |
| Trade debts | 44 | €153 | €153 | = | 0.0% |
| Suppliers | 440/4 | €153 | €153 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,000 | €3,200 | -€5,800 | -64.4% |
| Taxes | 450/3 | €9,000 | €3,200 | -€5,800 | -64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,171 | €25,171 | = | 0.0% |
| Other operating charges | 640/8 | €472 | - | -€472 | |
| Gross operating margin | 9900 | €54,000 | €52,854 | -€1,146 | -2.1% |
| Operating profit (loss) | 9901 | €28,356 | €27,683 | -€673 | -2.4% |
| Financial charges | 65/66B | €511 | €309 | -€203 | -39.6% |
| Recurring financial charges | 65 | €511 | €309 | -€203 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €27,845 | €27,374 | -€471 | -1.7% |
| Income taxes | 67/77 | €10,561 | €9,939 | -€621 | -5.9% |
| Profit (loss) for the period | 9904 | €17,284 | €17,435 | +€150 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,284 | €17,435 | +€150 | +0.9% |
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 28 September 2026 via checked.be.