CAP SUD & CO: 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 SUD & CO
Largest movements
- Cash -€23,652
down €23,652 (-26.3%), from €89,922 to €66,271
mainly Debts after one year (-€24,831) and Receivables within one year (-€15,142)
- Receivables within one year +€15,142
up €15,142 (+3,856%), from €393 to €15,535
of which Other amounts receivable: +€13,296
- Stocks and contracts +€13,308
up €13,308 (+25.6%), from €52,041 to €65,349
- Tangible fixed assets -€7,886
down €7,886 (-14.5%), from €54,559 to €46,673
of which Plant, machinery and equipment: -€7,567
- Debts after one year -€24,831
no longer reported in 2025 (was €24,831)
- Other debts +€12,707
new in 2025: €12,707
- Tax, wage and social debts +€8,685
up €8,685 (+106%), from €8,176 to €16,860
- Staff costs +€14,907
new in 2025: €14,907
- Financial income +€6,051
new in 2025: €6,051
- Taxes -€2,248
down €2,248 (-19.2%), from €11,725 to €9,477
- Financial charges +€636
up €636 (+125%), from €510 to €1,146
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 | €197,104 | €193,971 | -€3,133 | -1.6% |
| Fixed assets | 21/28 | €54,559 | €46,673 | -€7,886 | -14.5% |
| Tangible fixed assets | 22/27 | €54,559 | €46,673 | -€7,886 | -14.5% |
| Plant, machinery and equipment | 23 | €54,035 | €46,468 | -€7,567 | -14.0% |
| Furniture and vehicles | 24 | €523 | €205 | -€318 | -60.9% |
| Current assets | 29/58 | €142,545 | €147,298 | +€4,753 | +3.3% |
| Stocks and contracts in progress | 3 | €52,041 | €65,349 | +€13,308 | +25.6% |
| Stocks | 30/36 | €52,041 | €65,349 | +€13,308 | +25.6% |
| Amounts receivable within one year | 40/41 | €393 | €15,535 | +€15,142 | +3,856% |
| Trade receivables | 40 | - | €1,846 | +€1,846 | |
| Other amounts receivable | 41 | €393 | €13,689 | +€13,296 | +3,385% |
| Cash at bank and in hand | 54/58 | €89,922 | €66,271 | -€23,652 | -26.3% |
| Deferred charges and accrued income | 490/1 | €189 | €144 | -€45 | -24.0% |
| Total equity and liabilities | 10/49 | €197,104 | €193,971 | -€3,133 | -1.6% |
| Equity | 10/15 | €162,335 | €163,501 | +€1,166 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €143,735 | €144,901 | +€1,166 | +0.8% |
| Distributable reserves | 133 | €143,735 | €144,901 | +€1,166 | +0.8% |
| Amounts payable | 17/49 | €34,769 | €30,470 | -€4,299 | -12.4% |
| Amounts payable after more than one year | 17 | €24,831 | - | -€24,831 | |
| Other amounts payable | 178/9 | €24,831 | - | -€24,831 | |
| Amounts payable within one year | 42/48 | €9,938 | €30,470 | +€20,532 | +207% |
| Trade debts | 44 | €1,762 | €903 | -€859 | -48.8% |
| Suppliers | 440/4 | €1,762 | €903 | -€859 | -48.8% |
| Taxes, remuneration and social security | 45 | €8,176 | €16,860 | +€8,685 | +106% |
| Taxes | 450/3 | €8,176 | €16,860 | +€8,685 | +106% |
| Other amounts payable | 47/48 | - | €12,707 | +€12,707 | |
| Remuneration, social security and pensions | 62 | - | €14,907 | +€14,907 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,246 | €7,886 | -€360 | -4.4% |
| Other operating charges | 640/8 | €301 | €306 | +€5 | +1.7% |
| Gross operating margin | 9900 | €41,894 | €41,543 | -€352 | -0.8% |
| Operating profit (loss) | 9901 | €33,348 | €18,444 | -€14,904 | -44.7% |
| Financial income | 75/76B | - | €6,051 | +€6,051 | |
| Recurring financial income | 75 | - | €6,051 | +€6,051 | |
| Financial charges | 65/66B | €510 | €1,146 | +€636 | +125% |
| Recurring financial charges | 65 | €510 | €1,146 | +€636 | +125% |
| Profit (loss) for the period before taxes | 9903 | €32,838 | €23,350 | -€9,489 | -28.9% |
| Income taxes | 67/77 | €11,725 | €9,477 | -€2,248 | -19.2% |
| Profit (loss) for the period | 9904 | €21,113 | €13,873 | -€7,241 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,113 | €13,873 | -€7,241 | -34.3% |
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 21 October 2026 via checked.be.