Cap4HR: what changed
Two fiscal 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.
Cap4HR
Largest movements
- Cash -€66,097
down €66,097 (-63.4%), from €104,231 to €38,135
mainly Contributions, distributions and other (-€70,000) and Net result for the year (-€40,080)
- Receivables within one year +€10,816
up €10,816 (+13.8%), from €78,369 to €89,185
of which Trade receivables: +€20,888
- Intangible fixed assets +€2,266
new in 2025: €2,266
- Tangible fixed assets -€2,135
down €2,135 (-17.6%), from €12,111 to €9,977
of which Furniture and vehicles: -€4,039
- Profit (loss) carried forward -€110,080
down €110,080 (-81.5%), from €135,120 to €25,040
- Other debts +€33,800
up €33,800 (+1313.8%), from €2,573 to €36,372
- Trade debts +€20,509
up €20,509 (+113.0%), from €18,154 to €38,663
- Tax, wage and social debts +€2,428
up €2,428 (+7.2%), from €33,657 to €36,085
of which Remuneration and social security: +€5,681
- Purchases and services +€220,096
new in 2025: €220,096
- Gross operating margin -€104,648
down €104,648 (-36.1%), from €289,883 to €185,235
- Staff costs +€52,310
up €52,310 (+31.5%), from €166,250 to €218,559
- Taxes -€20,581
no longer reported in 2025 (was €20,581)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €195,502 | €142,159 | -€53,343 | -27.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €12,474 | €12,606 | +€132 | +1.1% |
| Intangible fixed assets | 21 | - | €2,266 | +€2,266 | |
| Tangible fixed assets | 22/27 | €12,111 | €9,977 | -€2,135 | -17.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €10,824 | €6,785 | -€4,039 | -37.3% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €1,287 | €3,191 | +€1,904 | +148.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €183,028 | €129,553 | -€53,475 | -29.2% |
| Amounts receivable within one year | 40/41 | €78,369 | €89,185 | +€10,816 | +13.8% |
| Trade receivables | 40 | €68,297 | €89,185 | +€20,888 | +30.6% |
| Other amounts receivable | 41 | €10,072 | - | -€10,072 | |
| Cash at bank and in hand | 54/58 | €104,231 | €38,135 | -€66,097 | -63.4% |
| Deferred charges and accrued income | 490/1 | €428 | €2,234 | +€1,806 | +422.0% |
| Total equity and liabilities | 10/49 | €195,502 | €142,159 | -€53,343 | -27.3% |
| Equity | 10/15 | €141,120 | €31,040 | -€110,080 | -78.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,120 | €25,040 | -€110,080 | -81.5% |
| Amounts payable | 17/49 | €54,383 | €111,119 | +€56,737 | +104.3% |
| Amounts payable within one year | 42/48 | €54,383 | €111,119 | +€56,737 | +104.3% |
| Trade debts | 44 | €18,154 | €38,663 | +€20,509 | +113.0% |
| Suppliers | 440/4 | €18,154 | €38,663 | +€20,509 | +113.0% |
| Taxes, remuneration and social security | 45 | €33,657 | €36,085 | +€2,428 | +7.2% |
| Taxes | 450/3 | €33,403 | €30,149 | -€3,253 | -9.7% |
| Remuneration and social security | 454/9 | €254 | €5,935 | +€5,681 | +2237.4% |
| Other amounts payable | 47/48 | €2,573 | €36,372 | +€33,800 | +1313.8% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €220,096 | +€220,096 | |
| Remuneration, social security and pensions | 62 | €166,250 | €218,559 | +€52,310 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,728 | €4,850 | +€2,122 | +77.8% |
| Other operating charges | 640/8 | €384 | €459 | +€75 | +19.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €289,883 | €185,235 | -€104,648 | -36.1% |
| Operating profit (loss) | 9901 | €120,522 | -€38,633 | -€159,155 | |
| Financial income | 75/76B | €345 | €126 | -€219 | -63.5% |
| Recurring financial income | 75 | €345 | €126 | -€219 | -63.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €158 | €1,573 | +€1,414 | +894.1% |
| Recurring financial charges | 65 | €158 | €1,573 | +€1,414 | +894.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €120,709 | -€40,080 | -€160,788 | |
| Income taxes | 67/77 | €20,581 | - | -€20,581 | |
| Profit (loss) for the period | 9904 | €100,127 | -€40,080 | -€140,207 | |
| Profit (loss) for the period to be appropriated | 9905 | €100,127 | -€40,080 | -€140,207 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.