CAP L: 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 L
Largest movements
- Tangible fixed assets +€240,210
up €240,210 (+23.3%), from €1.0m to €1.3m
of which Land and buildings: +€240,808
- Other debts +€270,598
up €270,598 (+23.8%), from €1.1m to €1.4m
- Profit (loss) carried forward -€25,360
down €25,360 (-25.4%), from -€99,780 to -€125,140
- Depreciation +€13,014
up €13,014 (+23.9%), from €54,505 to €67,519
- Gross operating margin +€9,613
up €9,613 (+26.5%), from €36,305 to €45,917
- Other operating charges +€1,067
up €1,067 (+42.1%), from €2,537 to €3,605
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 | €1,048,219 | €1,294,191 | +€245,973 | +23.5% |
| Fixed assets | 21/28 | €1,028,802 | €1,269,012 | +€240,210 | +23.3% |
| Tangible fixed assets | 22/27 | €1,028,802 | €1,269,012 | +€240,210 | +23.3% |
| Land and buildings | 22 | €1,028,204 | €1,269,012 | +€240,808 | +23.4% |
| Plant, machinery and equipment | 23 | €598 | €0 | -€598 | -100.0% |
| Current assets | 29/58 | €19,416 | €25,180 | +€5,763 | +29.7% |
| Amounts receivable within one year | 40/41 | €241 | €0 | -€241 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €241 | €0 | -€241 | -100% |
| Cash at bank and in hand | 54/58 | €18,529 | €24,404 | +€5,876 | +31.7% |
| Deferred charges and accrued income | 490/1 | €647 | €775 | +€129 | +19.9% |
| Total equity and liabilities | 10/49 | €1,048,219 | €1,294,191 | +€245,973 | +23.5% |
| Equity | 10/15 | -€88,646 | -€114,006 | -€25,360 | -28.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,933 | €4,933 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,073 | €3,073 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,780 | -€125,140 | -€25,360 | -25.4% |
| Amounts payable | 17/49 | €1,136,865 | €1,408,198 | +€271,333 | +23.9% |
| Amounts payable within one year | 42/48 | €1,136,865 | €1,408,198 | +€271,333 | +23.9% |
| Trade debts | 44 | €553 | €1,288 | +€735 | +133% |
| Suppliers | 440/4 | €553 | €1,288 | +€735 | +133% |
| Other amounts payable | 47/48 | €1,136,312 | €1,406,910 | +€270,598 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,505 | €67,519 | +€13,014 | +23.9% |
| Other operating charges | 640/8 | €2,537 | €3,605 | +€1,067 | +42.1% |
| Gross operating margin | 9900 | €36,305 | €45,917 | +€9,613 | +26.5% |
| Operating profit (loss) | 9901 | -€20,738 | -€25,207 | -€4,469 | -21.5% |
| Financial charges | 65/66B | €342 | €153 | -€189 | -55.2% |
| Recurring financial charges | 65 | €342 | €153 | -€189 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,080 | -€25,360 | -€4,280 | -20.3% |
| Profit (loss) for the period | 9904 | -€21,080 | -€25,360 | -€4,280 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,080 | -€25,360 | -€4,280 | -20.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.