CAPALENTINA: 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.
CAPALENTINA
Largest movements
- Receivables within one year +€134,457
up €134,457 (+368.3%), from €36,511 to €170,967
of which Other amounts receivable: +€113,921
- Cash -€112,397
down €112,397 (-85.9%), from €130,898 to €18,501
mainly Debts after one year (-€401,649) and Receivables within one year (-€134,457)
- Debts after one year -€401,649
down €401,649 (-25.6%), from €1.6m to €1.2m
of which Other amounts payable: -€269,632
- Other debts +€251,587
up €251,587 (+242.9%), from €103,591 to €355,178
- Reserves +€184,663
up €184,663 (+138.9%), from €132,913 to €317,576
- Gross operating margin +€98,559
up €98,559 (+48.2%), from €204,353 to €302,912
- Taxes +€25,546
up €25,546 (+89.0%), from €28,692 to €54,238
- Financial charges -€8,807
down €8,807 (-12.7%), from €69,450 to €60,643
- Depreciation +€4,678
up €4,678 (+718.3%), from €651 to €5,330
- Financial income +€3,051
up €3,051 (+2123.8%), from €144 to €3,195
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 | €2,269,472 | €2,312,424 | +€42,952 | +1.9% |
| Formation expenses | 20 | €2,364 | €1,713 | -€651 | -27.6% |
| Fixed assets | 21/28 | €2,099,632 | €2,120,382 | +€20,749 | +1.0% |
| Tangible fixed assets | 22/27 | €0 | €20,749 | +€20,749 | |
| Furniture and vehicles | 24 | €0 | €17,218 | +€17,218 | |
| Other tangible fixed assets | 26 | - | €3,532 | +€3,532 | |
| Financial fixed assets | 28 | €2,099,632 | €2,099,632 | = | 0.0% |
| Current assets | 29/58 | €167,475 | €190,329 | +€22,854 | +13.6% |
| Amounts receivable within one year | 40/41 | €36,511 | €170,967 | +€134,457 | +368.3% |
| Trade receivables | 40 | €36,511 | €57,046 | +€20,536 | +56.2% |
| Other amounts receivable | 41 | €0 | €113,921 | +€113,921 | |
| Cash at bank and in hand | 54/58 | €130,898 | €18,501 | -€112,397 | -85.9% |
| Deferred charges and accrued income | 490/1 | €66 | €861 | +€795 | +1206.6% |
| Total equity and liabilities | 10/49 | €2,269,472 | €2,312,424 | +€42,952 | +1.9% |
| Equity | 10/15 | €412,914 | €597,577 | +€184,663 | +44.7% |
| Contributions | 10/11 | €280,001 | €280,001 | = | 0.0% |
| Capital | 10 | - | €280,001 | +€280,001 | |
| Issued capital | 100 | - | €280,001 | +€280,001 | |
| Contributions outside capital | 11 | €280,001 | €0 | -€280,001 | -100.0% |
| Share premium | 1100/10 | €280,001 | €0 | -€280,001 | -100.0% |
| Reserves | 13 | €132,913 | €317,576 | +€184,663 | +138.9% |
| Non-distributable reserves | 130/1 | - | €28,001 | +€28,001 | |
| Legal reserve | 130 | - | €28,001 | +€28,001 | |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Distributable reserves | 133 | €132,913 | €205,375 | +€72,462 | +54.5% |
| Amounts payable | 17/49 | €1,856,558 | €1,714,847 | -€141,710 | -7.6% |
| Amounts payable after more than one year | 17 | €1,571,448 | €1,169,800 | -€401,649 | -25.6% |
| Financial debts | 170/4 | €1,301,816 | €1,169,800 | -€132,016 | -10.1% |
| Other amounts payable | 178/9 | €269,632 | €0 | -€269,632 | -100.0% |
| Amounts payable within one year | 42/48 | €280,173 | €540,660 | +€260,487 | +93.0% |
| Current portion of amounts payable after more than one year | 42 | €145,513 | €153,917 | +€8,404 | +5.8% |
| Financial debts | 43 | €14,691 | €19,471 | +€4,780 | +32.5% |
| Credit institutions | 430/8 | €2,707 | €7,487 | +€4,780 | +176.6% |
| Other loans | 439 | €11,985 | €11,985 | = | 0.0% |
| Trade debts | 44 | €175 | €3,882 | +€3,707 | +2117.6% |
| Suppliers | 440/4 | €175 | €3,882 | +€3,707 | +2117.6% |
| Taxes, remuneration and social security | 45 | €16,202 | €8,211 | -€7,991 | -49.3% |
| Taxes | 450/3 | €16,202 | €8,211 | -€7,991 | -49.3% |
| Other amounts payable | 47/48 | €103,591 | €355,178 | +€251,587 | +242.9% |
| Accrued charges and deferred income | 492/3 | €4,936 | €4,388 | -€548 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €651 | €5,330 | +€4,678 | +718.3% |
| Other operating charges | 640/8 | €1,290 | €1,233 | -€57 | -4.4% |
| Gross operating margin | 9900 | €204,353 | €302,912 | +€98,559 | +48.2% |
| Operating profit (loss) | 9901 | €202,412 | €296,349 | +€93,937 | +46.4% |
| Financial income | 75/76B | €144 | €3,195 | +€3,051 | +2123.8% |
| Recurring financial income | 75 | €144 | €3,195 | +€3,051 | +2123.8% |
| Financial charges | 65/66B | €69,450 | €60,643 | -€8,807 | -12.7% |
| Recurring financial charges | 65 | €69,450 | €60,643 | -€8,807 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €133,105 | €238,901 | +€105,796 | +79.5% |
| Income taxes | 67/77 | €28,692 | €54,238 | +€25,546 | +89.0% |
| Profit (loss) for the period | 9904 | €104,413 | €184,663 | +€80,250 | +76.9% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €104,413 | €100,463 | -€3,950 | -3.8% |
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 12 October 2026 via checked.be.