CAP SECURITY: 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 SECURITY
Largest movements
- Cash +€18,676
up €18,676 (+74.2%), from €25,172 to €43,848
mainly Receivables within one year (+€18,552) and Provisions (+€12,015)
- Receivables within one year -€18,552
down €18,552 (-45.5%), from €40,787 to €22,235
of which Trade receivables: -€18,473
- Provisions +€12,015
new in 2025: €12,015
- Accrued charges and deferred income -€8,264
no longer reported in 2025 (was €8,264)
- Trade debts +€5,074
up €5,074 (+44.5%), from €11,405 to €16,478
- Debts after one year -€4,580
down €4,580 (-9.5%), from €48,309 to €43,728
- Other debts -€2,634
down €2,634 (-18.2%), from €14,475 to €11,841
- Gross operating margin +€13,111
up €13,111 (+77.8%), from €16,858 to €29,968
- Provisions +€12,015
new in 2025: €12,015
- Financial income +€1,263
up €1,263 (+113,828%), from €1 to €1,265
- Taxes +€680
up €680 (+41.9%), from €1,623 to €2,303
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 | €150,403 | €150,253 | -€149 | -0.1% |
| Fixed assets | 21/28 | €84,444 | €84,171 | -€273 | -0.3% |
| Tangible fixed assets | 22/27 | €84,444 | €84,171 | -€273 | -0.3% |
| Land and buildings | 22 | €78,285 | €81,647 | +€3,362 | +4.3% |
| Plant, machinery and equipment | 23 | €168 | €37 | -€131 | -77.8% |
| Furniture and vehicles | 24 | €5,992 | €2,487 | -€3,505 | -58.5% |
| Current assets | 29/58 | €65,958 | €66,082 | +€124 | +0.2% |
| Amounts receivable within one year | 40/41 | €40,787 | €22,235 | -€18,552 | -45.5% |
| Trade receivables | 40 | €38,924 | €20,450 | -€18,473 | -47.5% |
| Other amounts receivable | 41 | €1,863 | €1,784 | -€79 | -4.2% |
| Cash at bank and in hand | 54/58 | €25,172 | €43,848 | +€18,676 | +74.2% |
| Total equity and liabilities | 10/49 | €150,403 | €150,253 | -€149 | -0.1% |
| Equity | 10/15 | €55,069 | €55,210 | +€141 | +0.3% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €46,392 | €46,534 | +€141 | +0.3% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €43,294 | €43,435 | +€141 | +0.3% |
| Provisions and deferred taxes | 16 | - | €12,015 | +€12,015 | |
| Provisions for liabilities and charges | 160/5 | - | €12,015 | +€12,015 | |
| Major repairs and maintenance | 162 | - | €12,015 | +€12,015 | |
| Amounts payable | 17/49 | €95,334 | €83,028 | -€12,306 | -12.9% |
| Amounts payable after more than one year | 17 | €48,309 | €43,728 | -€4,580 | -9.5% |
| Financial debts | 170/4 | €48,309 | €43,728 | -€4,580 | -9.5% |
| Amounts payable within one year | 42/48 | €38,761 | €39,300 | +€538 | +1.4% |
| Trade debts | 44 | €11,405 | €16,478 | +€5,074 | +44.5% |
| Suppliers | 440/4 | €11,405 | €16,478 | +€5,074 | +44.5% |
| Advances received on contracts in progress | 46 | €6,364 | €6,364 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,517 | €4,616 | -€1,901 | -29.2% |
| Taxes | 450/3 | €6,517 | €4,616 | -€1,901 | -29.2% |
| Other amounts payable | 47/48 | €14,475 | €11,841 | -€2,634 | -18.2% |
| Accrued charges and deferred income | 492/3 | €8,264 | - | -€8,264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,643 | €6,619 | -€24 | -0.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €12,015 | +€12,015 | |
| Other operating charges | 640/8 | €3,048 | €3,076 | +€28 | +0.9% |
| Non-recurring operating charges | 66A | - | €6,183 | +€6,183 | |
| Gross operating margin | 9900 | €16,858 | €29,968 | +€13,111 | +77.8% |
| Operating profit (loss) | 9901 | €7,167 | €2,075 | -€5,092 | -71.0% |
| Financial income | 75/76B | €1 | €1,265 | +€1,263 | +113,828% |
| Recurring financial income | 75 | €1 | €1,265 | +€1,263 | +113,828% |
| Financial charges | 65/66B | €986 | €896 | -€90 | -9.1% |
| Recurring financial charges | 65 | €986 | €896 | -€90 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €6,183 | €2,445 | -€3,738 | -60.5% |
| Income taxes | 67/77 | €1,623 | €2,303 | +€680 | +41.9% |
| Profit (loss) for the period | 9904 | €4,559 | €141 | -€4,418 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,559 | €141 | -€4,418 | -96.9% |
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 14 October 2026 via checked.be.