CAPALTO GROUP: 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.
CAPALTO GROUP
Largest movements
- Receivables within one year -€169,665
down €169,665 (-25.2%), from €672,247 to €502,582
of which Other amounts receivable: -€160,374
- Financial fixed assets +€20,000
up €20,000 (+41.4%), from €48,266 to €68,266
- Cash -€18,178
down €18,178 (-99.6%), from €18,245 to €67
mainly Net result for the year (-€564,226) and Investment in fixed assets (net) (-€69,990)
- Profit (loss) carried forward -€564,226
down €564,226 (-384%), from -€146,906 to -€711,132
- Other debts +€144,632
up €144,632 (+27.7%), from €522,397 to €667,029
- Tax, wage and social debts +€136,828
up €136,828 (+209%), from €65,502 to €202,330
of which Remuneration and social security: +€83,953
- Trade debts +€81,856
up €81,856 (+113%), from €72,490 to €154,346
- Debts after one year +€23,151
up €23,151 (+10.3%), from €224,173 to €247,324
- Staff costs +€325,872
up €325,872 (+259%), from €125,860 to €451,732
- Gross operating margin -€113,567
down €113,567, from €89,715 to -€23,851
- Depreciation +€27,385
up €27,385 (+84.2%), from €32,535 to €59,920
- Other operating charges -€15,273
down €15,273 (-89.4%), from €17,092 to €1,818
- Financial charges +€8,890
up €8,890 (+122%), from €7,265 to €16,155
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 | €969,667 | €794,788 | -€174,878 | -18.0% |
| Fixed assets | 21/28 | €276,076 | €286,146 | +€10,070 | +3.6% |
| Intangible fixed assets | 21 | €143,763 | €135,663 | -€8,100 | -5.6% |
| Tangible fixed assets | 22/27 | €84,047 | €82,217 | -€1,831 | -2.2% |
| Furniture and vehicles | 24 | €43,696 | €52,780 | +€9,084 | +20.8% |
| Other tangible fixed assets | 26 | €40,352 | €29,437 | -€10,915 | -27.0% |
| Financial fixed assets | 28 | €48,266 | €68,266 | +€20,000 | +41.4% |
| Current assets | 29/58 | €693,591 | €508,642 | -€184,948 | -26.7% |
| Amounts receivable within one year | 40/41 | €672,247 | €502,582 | -€169,665 | -25.2% |
| Trade receivables | 40 | €89,522 | €80,231 | -€9,292 | -10.4% |
| Other amounts receivable | 41 | €582,725 | €422,351 | -€160,374 | -27.5% |
| Cash at bank and in hand | 54/58 | €18,245 | €67 | -€18,178 | -99.6% |
| Deferred charges and accrued income | 490/1 | €3,098 | €5,993 | +€2,895 | +93.4% |
| Total equity and liabilities | 10/49 | €969,667 | €794,788 | -€174,878 | -18.0% |
| Equity | 10/15 | €41,068 | -€523,158 | -€564,226 | |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €17,975 | €17,975 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,750 | - | -€2,750 | |
| Reserves not available under the articles | 1311 | €2,750 | - | -€2,750 | |
| Distributable reserves | 133 | €15,225 | €17,975 | +€2,750 | +18.1% |
| Profit (loss) carried forward | 14 | -€146,906 | -€711,132 | -€564,226 | -384% |
| Amounts payable | 17/49 | €928,599 | €1,317,946 | +€389,347 | +41.9% |
| Amounts payable after more than one year | 17 | €224,173 | €247,324 | +€23,151 | +10.3% |
| Financial debts | 170/4 | €224,173 | €247,324 | +€23,151 | +10.3% |
| Amounts payable within one year | 42/48 | €704,426 | €1,069,856 | +€365,430 | +51.9% |
| Current portion of amounts payable after more than one year | 42 | €44,038 | €46,152 | +€2,114 | +4.8% |
| Trade debts | 44 | €72,490 | €154,346 | +€81,856 | +113% |
| Suppliers | 440/4 | €72,490 | €154,346 | +€81,856 | +113% |
| Taxes, remuneration and social security | 45 | €65,502 | €202,330 | +€136,828 | +209% |
| Taxes | 450/3 | €41,526 | €94,400 | +€52,875 | +127% |
| Remuneration and social security | 454/9 | €23,976 | €107,929 | +€83,953 | +350% |
| Other amounts payable | 47/48 | €522,397 | €667,029 | +€144,632 | +27.7% |
| Accrued charges and deferred income | 492/3 | - | €767 | +€767 | |
| Remuneration, social security and pensions | 62 | €125,860 | €451,732 | +€325,872 | +259% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,535 | €59,920 | +€27,385 | +84.2% |
| Other operating charges | 640/8 | €17,092 | €1,818 | -€15,273 | -89.4% |
| Non-recurring operating charges | 66A | - | €10,807 | +€10,807 | |
| Gross operating margin | 9900 | €89,715 | -€23,851 | -€113,567 | |
| Operating profit (loss) | 9901 | -€85,771 | -€548,129 | -€462,358 | -539% |
| Financial income | 75/76B | €24 | €59 | +€35 | +145% |
| Recurring financial income | 75 | €24 | €59 | +€35 | +145% |
| Financial charges | 65/66B | €7,265 | €16,155 | +€8,890 | +122% |
| Recurring financial charges | 65 | €7,265 | €16,155 | +€8,890 | +122% |
| Profit (loss) for the period before taxes | 9903 | -€93,013 | -€564,226 | -€471,213 | -507% |
| Income taxes | 67/77 | €315 | - | -€315 | |
| Profit (loss) for the period | 9904 | -€93,328 | -€564,226 | -€470,898 | -505% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,328 | -€564,226 | -€470,898 | -505% |
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 19 October 2026 via checked.be.