CAP5: 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.
CAP5
Largest movements
- Tangible fixed assets -€131,785
down €131,785 (-4.4%), from €3.0m to €2.9m
- Debts after one year -€114,465
down €114,465 (-3.5%), from €3.2m to €3.1m
of which Financial debts: -€118,325
- Other debts -€104,495
down €104,495 (-88.4%), from €118,225 to €13,729
- Profit (loss) carried forward +€45,800
up €45,800 (+14.7%), from -€311,167 to -€265,368
- Depreciation -€49,703
down €49,703 (-24.5%), from €202,871 to €153,167
- Gross operating margin -€12,927
down €12,927 (-5.1%), from €253,430 to €240,502
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,177,685 | €3,021,115 | -€156,571 | -4.9% |
| Fixed assets | 21/28 | €3,015,141 | €2,883,356 | -€131,785 | -4.4% |
| Tangible fixed assets | 22/27 | €3,015,141 | €2,883,356 | -€131,785 | -4.4% |
| Land and buildings | 22 | €2,420,893 | €2,358,778 | -€62,115 | -2.6% |
| Plant, machinery and equipment | 23 | €507,726 | €456,990 | -€50,736 | -10.0% |
| Furniture and vehicles | 24 | €86,522 | €67,588 | -€18,934 | -21.9% |
| Current assets | 29/58 | €162,545 | €137,759 | -€24,786 | -15.2% |
| Amounts receivable within one year | 40/41 | - | €155 | +€155 | |
| Other amounts receivable | 41 | - | €155 | +€155 | |
| Cash at bank and in hand | 54/58 | €161,949 | €136,968 | -€24,981 | -15.4% |
| Deferred charges and accrued income | 490/1 | €596 | €636 | +€40 | +6.7% |
| Total equity and liabilities | 10/49 | €3,177,685 | €3,021,115 | -€156,571 | -4.9% |
| Equity | 10/15 | -€310,167 | -€264,368 | +€45,800 | +14.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€311,167 | -€265,368 | +€45,800 | +14.7% |
| Amounts payable | 17/49 | €3,487,853 | €3,285,482 | -€202,370 | -5.8% |
| Amounts payable after more than one year | 17 | €3,243,765 | €3,129,301 | -€114,465 | -3.5% |
| Financial debts | 170/4 | €2,259,240 | €2,140,915 | -€118,325 | -5.2% |
| Other amounts payable | 178/9 | €984,525 | €988,386 | +€3,861 | +0.4% |
| Amounts payable within one year | 42/48 | €243,130 | €138,729 | -€104,402 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €120,019 | €121,502 | +€1,483 | +1.2% |
| Trade debts | 44 | €4,886 | €3,497 | -€1,389 | -28.4% |
| Suppliers | 440/4 | €4,886 | €3,497 | -€1,389 | -28.4% |
| Other amounts payable | 47/48 | €118,225 | €13,729 | -€104,495 | -88.4% |
| Accrued charges and deferred income | 492/3 | €957 | €17,453 | +€16,496 | +1723.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202,871 | €153,167 | -€49,703 | -24.5% |
| Other operating charges | 640/8 | €11,924 | €12,376 | +€452 | +3.8% |
| Gross operating margin | 9900 | €253,430 | €240,502 | -€12,927 | -5.1% |
| Operating profit (loss) | 9901 | €38,635 | €74,959 | +€36,323 | +94.0% |
| Financial income | 75/76B | €1 | €80 | +€79 | +8410.6% |
| Recurring financial income | 75 | €1 | €80 | +€79 | +8410.6% |
| Financial charges | 65/66B | €31,365 | €29,239 | -€2,126 | -6.8% |
| Recurring financial charges | 65 | €31,365 | €29,239 | -€2,126 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €7,271 | €45,800 | +€38,528 | +529.9% |
| Profit (loss) for the period | 9904 | €7,271 | €45,800 | +€38,528 | +529.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,271 | €45,800 | +€38,528 | +529.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.