Cap Rouge: 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.
What changed
Cap Rouge
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€51,588
2024 · -€47,343-€4,245
Equity
€49,409
2024 · €100,997-€51,588
Cash
€16,860
2024 · €20,496-€3,635
Balance sheet total
€1.6m
2024 · €1.7m-€39,391
Largest movements
Assets
- Tangible fixed assets -€25,975
down €25,975 (-1.6%), from €1.6m to €1.6m
of which Land and buildings: -€13,464
Equity and liabilities
- Other debts +€62,281
up €62,281 (+9.7%), from €640,441 to €702,723
- Debts after one year -€51,500
down €51,500 (-6.2%), from €836,875 to €785,375
- Profit (loss) carried forward -€40,623
down €40,623 (-56.4%), from -€71,973 to -€112,596
Income statement
- Other operating charges +€6,180
up €6,180 (+31.3%), from €19,747 to €25,928
- Gross operating margin -€5,018
down €5,018 (-4.6%), from €108,214 to €103,196
- Depreciation -€2,781
down €2,781 (-2.2%), from €124,833 to €122,052
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.
Result 2024
-€47,343
Gross operating margin
-€5,018
Depreciation
+€2,781
Other operating charges
-€6,180
Financial income
-€1
Financial charges
+€736
Taxes
+€1
Deferred taxes and other
+€3,436
Result 2025
-€51,588
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.
From operations
+€145,893
Investment
-€96,077
Financing
-€53,452
Cash 2024
€20,496
From operations (derived)
+€145,893
Net result for the year
-€51,588
Depreciation
+€122,052
Receivables within one year
+€9,781
Provisions
-€4,606
Trade debts
+€6,886
Tax, wage and social debts
+€584
Other debts
+€62,281
Accrued charges and deferred income
+€504
Investment (derived)
-€96,077
Investment in fixed assets (net)
-€96,077
Financing
-€53,452
Debts after one year
-€51,500
Current portion of long-term debt
-€1,952
Cash 2025
€16,860
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,674,439 | €1,635,048 | -€39,391 | -2.4% |
| Fixed assets | 21/28 | €1,628,769 | €1,602,794 | -€25,975 | -1.6% |
| Tangible fixed assets | 22/27 | €1,628,769 | €1,602,794 | -€25,975 | -1.6% |
| Land and buildings | 22 | €1,614,180 | €1,600,716 | -€13,464 | -0.8% |
| Furniture and vehicles | 24 | €14,589 | €2,078 | -€12,511 | -85.8% |
| Current assets | 29/58 | €45,670 | €32,254 | -€13,416 | -29.4% |
| Amounts receivable within one year | 40/41 | €25,175 | €15,394 | -€9,781 | -38.9% |
| Trade receivables | 40 | €22,695 | €13,834 | -€8,862 | -39.0% |
| Other amounts receivable | 41 | €2,479 | €1,560 | -€919 | -37.1% |
| Cash at bank and in hand | 54/58 | €20,496 | €16,860 | -€3,635 | -17.7% |
| Total equity and liabilities | 10/49 | €1,674,439 | €1,635,048 | -€39,391 | -2.4% |
| Equity | 10/15 | €100,997 | €49,409 | -€51,588 | -51.1% |
| Contributions | 10/11 | €9,357 | €9,357 | = | 0.0% |
| Reserves | 13 | €163,613 | €152,648 | -€10,965 | -6.7% |
| Tax-exempt reserves | 132 | €118,579 | €107,613 | -€10,965 | -9.2% |
| Distributable reserves | 133 | €45,035 | €45,035 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,973 | -€112,596 | -€40,623 | -56.4% |
| Provisions and deferred taxes | 16 | €10,423 | €5,817 | -€4,606 | -44.2% |
| Deferred taxes | 168 | €10,423 | €5,817 | -€4,606 | -44.2% |
| Amounts payable | 17/49 | €1,563,019 | €1,579,823 | +€16,803 | +1.1% |
| Amounts payable after more than one year | 17 | €836,875 | €785,375 | -€51,500 | -6.2% |
| Financial debts | 170/4 | €836,875 | €785,375 | -€51,500 | -6.2% |
| Amounts payable within one year | 42/48 | €723,022 | €790,822 | +€67,799 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €79,633 | €77,682 | -€1,952 | -2.5% |
| Trade debts | 44 | €2,917 | €9,803 | +€6,886 | +236.0% |
| Suppliers | 440/4 | €2,917 | €9,803 | +€6,886 | +236.0% |
| Taxes, remuneration and social security | 45 | €30 | €614 | +€584 | +1920.7% |
| Taxes | 450/3 | €30 | €614 | +€584 | +1920.7% |
| Other amounts payable | 47/48 | €640,441 | €702,723 | +€62,281 | +9.7% |
| Accrued charges and deferred income | 492/3 | €3,122 | €3,626 | +€504 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,833 | €122,052 | -€2,781 | -2.2% |
| Other operating charges | 640/8 | €19,747 | €25,928 | +€6,180 | +31.3% |
| Gross operating margin | 9900 | €108,214 | €103,196 | -€5,018 | -4.6% |
| Operating profit (loss) | 9901 | -€36,366 | -€44,783 | -€8,418 | -23.1% |
| Financial income | 75/76B | €7 | €6 | -€1 | -9.6% |
| Recurring financial income | 75 | €7 | €6 | -€1 | -9.6% |
| Financial charges | 65/66B | €12,154 | €11,418 | -€736 | -6.1% |
| Recurring financial charges | 65 | €12,154 | €11,418 | -€736 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€48,513 | -€56,195 | -€7,682 | -15.8% |
| Transfer from deferred taxes | 780 | €1,170 | €4,606 | +€3,436 | +293.6% |
| Income taxes | 67/77 | €1 | €0 | -€1 | -100.0% |
| Profit (loss) for the period | 9904 | -€47,343 | -€51,588 | -€4,245 | -9.0% |
| Transfer from tax-exempt reserves | 789 | €2,786 | €10,965 | +€8,179 | +293.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,557 | -€40,623 | +€3,934 | +8.8% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.