CAPA - GENT: 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.
CAPA - GENT
Largest movements
- Stocks and contracts -€113,482
down €113,482 (-20.9%), from €542,257 to €428,774
- Receivables within one year +€68,493
up €68,493 (+61.7%), from €111,052 to €179,545
of which Other amounts receivable: +€68,392
- Tangible fixed assets -€30,946
down €30,946 (-53.1%), from €58,278 to €27,332
of which Furniture and vehicles: -€16,131
- Cash -€8,621
down €8,621 (-63.6%), from €13,548 to €4,927
mainly Receivables within one year (-€68,493) and Net result for the year (-€59,902)
- Reserves -€59,902
down €59,902 (-22.2%), from €269,812 to €209,910
- Short-term financial debts -€56,680
down €56,680 (-17.1%), from €331,680 to €275,000
- Trade debts +€47,576
up €47,576 (+299%), from €15,894 to €63,470
- Current portion of long-term debt -€19,837
down €19,837 (-100%), from €19,837 to €0
- Other debts +€10,108
up €10,108 (+708%), from €1,428 to €11,537
- Staff costs -€76,949
down €76,949 (-46.2%), from €166,464 to €89,515
- Financial charges -€18,529
down €18,529 (-47.4%), from €39,115 to €20,586
- Depreciation -€12,632
down €12,632 (-29.0%), from €43,578 to €30,946
- Gross operating margin -€8,517
down €8,517 (-10.2%), from €83,438 to €74,921
- Financial income -€2,590
down €2,590 (-17.6%), from €14,684 to €12,094
of which Non-recurring financial income: -€1,950
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 | €727,610 | €643,118 | -€84,492 | -11.6% |
| Fixed assets | 21/28 | €58,278 | €27,332 | -€30,946 | -53.1% |
| Tangible fixed assets | 22/27 | €58,278 | €27,332 | -€30,946 | -53.1% |
| Furniture and vehicles | 24 | €16,454 | €323 | -€16,131 | -98.0% |
| Other tangible fixed assets | 26 | €41,824 | €27,009 | -€14,815 | -35.4% |
| Current assets | 29/58 | €669,332 | €615,786 | -€53,546 | -8.0% |
| Stocks and contracts in progress | 3 | €542,257 | €428,774 | -€113,482 | -20.9% |
| Stocks | 30/36 | €542,257 | €428,774 | -€113,482 | -20.9% |
| Amounts receivable within one year | 40/41 | €111,052 | €179,545 | +€68,493 | +61.7% |
| Trade receivables | 40 | €399 | €500 | +€101 | +25.3% |
| Other amounts receivable | 41 | €110,653 | €179,045 | +€68,392 | +61.8% |
| Cash at bank and in hand | 54/58 | €13,548 | €4,927 | -€8,621 | -63.6% |
| Deferred charges and accrued income | 490/1 | €2,475 | €2,540 | +€65 | +2.6% |
| Total equity and liabilities | 10/49 | €727,610 | €643,118 | -€84,492 | -11.6% |
| Equity | 10/15 | €338,412 | €278,510 | -€59,902 | -17.7% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €269,812 | €209,910 | -€59,902 | -22.2% |
| Distributable reserves | 133 | €269,812 | €209,910 | -€59,902 | -22.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €389,198 | €364,608 | -€24,589 | -6.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €389,198 | €364,608 | -€24,589 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €19,837 | €0 | -€19,837 | -100% |
| Financial debts | 43 | €331,680 | €275,000 | -€56,680 | -17.1% |
| Credit institutions | 430/8 | €331,680 | €275,000 | -€56,680 | -17.1% |
| Trade debts | 44 | €15,894 | €63,470 | +€47,576 | +299% |
| Suppliers | 440/4 | €15,894 | €63,470 | +€47,576 | +299% |
| Taxes, remuneration and social security | 45 | €20,358 | €14,602 | -€5,757 | -28.3% |
| Taxes | 450/3 | €12,455 | €4,111 | -€8,344 | -67.0% |
| Remuneration and social security | 454/9 | €7,904 | €10,491 | +€2,587 | +32.7% |
| Other amounts payable | 47/48 | €1,428 | €11,537 | +€10,108 | +708% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €166,464 | €89,515 | -€76,949 | -46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,578 | €30,946 | -€12,632 | -29.0% |
| Other operating charges | 640/8 | €5,395 | €5,870 | +€474 | +8.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €83,438 | €74,921 | -€8,517 | -10.2% |
| Operating profit (loss) | 9901 | -€131,999 | -€51,411 | +€80,589 | +61.1% |
| Financial income | 75/76B | €14,684 | €12,094 | -€2,590 | -17.6% |
| Recurring financial income | 75 | €12,734 | €12,094 | -€640 | -5.0% |
| Non-recurring financial income | 76B | €1,950 | €0 | -€1,950 | -100% |
| Financial charges | 65/66B | €39,115 | €20,586 | -€18,529 | -47.4% |
| Recurring financial charges | 65 | €39,115 | €20,586 | -€18,529 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | -€156,430 | -€59,902 | +€96,528 | +61.7% |
| Income taxes | 67/77 | €327 | €0 | -€327 | -100% |
| Profit (loss) for the period | 9904 | -€156,757 | -€59,902 | +€96,855 | +61.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€156,757 | -€59,902 | +€96,855 | +61.8% |
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 29 October 2026 via checked.be.