CAP-IMMO INVEST: what changed
CAP-IMMO INVEST
Largest movements
- Stocks and contracts -€958,432
down €958,432 (-67.5%), from €1.4m to €460,715
- Receivables within one year -€184,575
down €184,575 (-99.8%), from €184,956 to €381
- Cash +€47,786
up €47,786 (+38.3%), from €124,903 to €172,689
mainly Stocks and contracts (+€958,432) and Receivables within one year (+€184,575)
- Current portion of long-term debt -€830,281
down €830,281 (-84.7%), from €980,281 to €150,000
- Other debts -€196,085
down €196,085 (-50.6%), from €387,781 to €191,696
- Reserves +€60,000
up €60,000 (+87.7%), from €68,400 to €128,400
- Debts after one year -€59,999
down €59,999 (-55.1%), from €108,937 to €48,938
- Trade debts -€58,584
down €58,584 (-52.9%), from €110,762 to €52,178
- Financial charges -€53,457
down €53,457 (-68.6%), from €77,933 to €24,476
- Gross operating margin -€48,855
down €48,855 (-29.1%), from €167,807 to €118,952
- Taxes +€23,684
up €23,684 (+317%), from €7,483 to €31,167
- Other operating charges +€2,374
up €2,374 (+1,615%), from €147 to €2,521
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 | €1,732,527 | €640,060 | -€1.1m | -63.1% |
| Fixed assets | 21/28 | €1,842 | €2,085 | +€243 | +13.2% |
| Tangible fixed assets | 22/27 | €1,842 | €2,085 | +€243 | +13.2% |
| Plant, machinery and equipment | 23 | €1,128 | €889 | -€239 | -21.2% |
| Furniture and vehicles | 24 | €714 | €1,196 | +€482 | +67.5% |
| Current assets | 29/58 | €1,730,685 | €637,975 | -€1.1m | -63.1% |
| Stocks and contracts in progress | 3 | €1,419,147 | €460,715 | -€958,432 | -67.5% |
| Stocks | 30/36 | €1,419,147 | €460,715 | -€958,432 | -67.5% |
| Amounts receivable within one year | 40/41 | €184,956 | €381 | -€184,575 | -99.8% |
| Trade receivables | 40 | €184,956 | €381 | -€184,575 | -99.8% |
| Cash at bank and in hand | 54/58 | €124,903 | €172,689 | +€47,786 | +38.3% |
| Deferred charges and accrued income | 490/1 | €1,679 | €4,190 | +€2,511 | +150% |
| Total equity and liabilities | 10/49 | €1,732,527 | €640,060 | -€1.1m | -63.1% |
| Equity | 10/15 | €43,741 | €103,880 | +€60,139 | +137% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,400 | €128,400 | +€60,000 | +87.7% |
| Distributable reserves | 133 | €68,400 | €128,400 | +€60,000 | +87.7% |
| Profit (loss) carried forward | 14 | -€43,259 | -€43,120 | +€139 | +0.3% |
| Amounts payable | 17/49 | €1,688,786 | €536,180 | -€1.2m | -68.3% |
| Amounts payable after more than one year | 17 | €108,937 | €48,938 | -€59,999 | -55.1% |
| Financial debts | 170/4 | €108,937 | €48,938 | -€59,999 | -55.1% |
| Amounts payable within one year | 42/48 | €1,579,849 | €487,208 | -€1.1m | -69.2% |
| Current portion of amounts payable after more than one year | 42 | €980,281 | €150,000 | -€830,281 | -84.7% |
| Trade debts | 44 | €110,762 | €52,178 | -€58,584 | -52.9% |
| Suppliers | 440/4 | €110,762 | €52,178 | -€58,584 | -52.9% |
| Taxes, remuneration and social security | 45 | €101,025 | €93,334 | -€7,691 | -7.6% |
| Taxes | 450/3 | €101,025 | €93,334 | -€7,691 | -7.6% |
| Other amounts payable | 47/48 | €387,781 | €191,696 | -€196,085 | -50.6% |
| Accrued charges and deferred income | 492/3 | - | €34 | +€34 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €437 | €649 | +€212 | +48.5% |
| Other operating charges | 640/8 | €147 | €2,521 | +€2,374 | +1,615% |
| Gross operating margin | 9900 | €167,807 | €118,952 | -€48,855 | -29.1% |
| Operating profit (loss) | 9901 | €167,223 | €115,782 | -€51,441 | -30.8% |
| Financial income | 75/76B | €58 | - | -€58 | |
| Recurring financial income | 75 | €58 | - | -€58 | |
| Financial charges | 65/66B | €77,933 | €24,476 | -€53,457 | -68.6% |
| Recurring financial charges | 65 | €77,933 | €24,476 | -€53,457 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | €89,348 | €91,306 | +€1,958 | +2.2% |
| Income taxes | 67/77 | €7,483 | €31,167 | +€23,684 | +317% |
| Profit (loss) for the period | 9904 | €81,865 | €60,139 | -€21,726 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €81,865 | €60,139 | -€21,726 | -26.5% |
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 3 November 2026 via checked.be.