Capach Management & Advies: 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.
Capach Management & Advies
Largest movements
- Cash +€31,582
up €31,582 (+132%), from €23,990 to €55,572
mainly Net result for the year (+€30,691) and Deferred charges and accrued income (+€3,667)
- Deferred charges and accrued income -€3,667
down €3,667 (-27.2%), from €13,469 to €9,802
- Formation expenses -€970
down €970 (-39.4%), from €2,460 to €1,490
- Receivables within one year -€846
down €846 (-6.7%), from €12,582 to €11,736
of which Trade receivables: -€1,708
- Reserves +€30,691
up €30,691 (+136%), from €22,537 to €53,228
- Other debts -€3,066
down €3,066 (-26.6%), from €11,529 to €8,462
- Trade debts -€2,448
down €2,448 (-43.6%), from €5,615 to €3,167
- Gross operating margin +€12,967
up €12,967 (+42.4%), from €30,548 to €43,516
- Taxes +€2,717
up €2,717 (+43.3%), from €6,276 to €8,993
- Financial charges +€1,132
up €1,132 (+128%), from €883 to €2,016
- Depreciation +€778
up €778 (+114%), from €683 to €1,461
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 | €53,741 | €79,349 | +€25,608 | +47.7% |
| Formation expenses | 20 | €2,460 | €1,490 | -€970 | -39.4% |
| Fixed assets | 21/28 | €1,240 | €749 | -€491 | -39.6% |
| Tangible fixed assets | 22/27 | €1,240 | €749 | -€491 | -39.6% |
| Furniture and vehicles | 24 | €1,240 | €749 | -€491 | -39.6% |
| Current assets | 29/58 | €50,042 | €77,110 | +€27,069 | +54.1% |
| Amounts receivable within one year | 40/41 | €12,582 | €11,736 | -€846 | -6.7% |
| Trade receivables | 40 | €11,858 | €10,150 | -€1,708 | -14.4% |
| Other amounts receivable | 41 | €724 | €1,586 | +€862 | +119% |
| Cash at bank and in hand | 54/58 | €23,990 | €55,572 | +€31,582 | +132% |
| Deferred charges and accrued income | 490/1 | €13,469 | €9,802 | -€3,667 | -27.2% |
| Total equity and liabilities | 10/49 | €53,741 | €79,349 | +€25,608 | +47.7% |
| Equity | 10/15 | €26,037 | €56,728 | +€30,691 | +118% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €22,537 | €53,228 | +€30,691 | +136% |
| Distributable reserves | 133 | €22,537 | €53,228 | +€30,691 | +136% |
| Amounts payable | 17/49 | €27,704 | €22,621 | -€5,083 | -18.3% |
| Amounts payable within one year | 42/48 | €27,704 | €22,621 | -€5,083 | -18.3% |
| Trade debts | 44 | €5,615 | €3,167 | -€2,448 | -43.6% |
| Suppliers | 440/4 | €5,615 | €3,167 | -€2,448 | -43.6% |
| Taxes, remuneration and social security | 45 | €10,560 | €10,992 | +€431 | +4.1% |
| Taxes | 450/3 | €7,228 | €7,660 | +€431 | +6.0% |
| Remuneration and social security | 454/9 | €3,332 | €3,332 | = | 0.0% |
| Other amounts payable | 47/48 | €11,529 | €8,462 | -€3,066 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €683 | €1,461 | +€778 | +114% |
| Other operating charges | 640/8 | €169 | €355 | +€186 | +110% |
| Gross operating margin | 9900 | €30,548 | €43,516 | +€12,967 | +42.4% |
| Operating profit (loss) | 9901 | €29,697 | €41,700 | +€12,003 | +40.4% |
| Financial charges | 65/66B | €883 | €2,016 | +€1,132 | +128% |
| Recurring financial charges | 65 | €883 | €2,016 | +€1,132 | +128% |
| Profit (loss) for the period before taxes | 9903 | €28,813 | €39,684 | +€10,871 | +37.7% |
| Income taxes | 67/77 | €6,276 | €8,993 | +€2,717 | +43.3% |
| Profit (loss) for the period | 9904 | €22,537 | €30,691 | +€8,154 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,537 | €30,691 | +€8,154 | +36.2% |
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 20 October 2026 via checked.be.