CAPARO: 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.
CAPARO
Largest movements
- Tangible fixed assets -€504,159
down €504,159 (-83.3%), from €605,259 to €101,100
of which Land and buildings: -€564,459
- Cash +€333,429
up €333,429 (+240.4%), from €138,723 to €472,152
mainly Investment in fixed assets (net) (+€489,131) and Net result for the year (+€307,255)
- Current investments -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Receivables after one year -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Receivables within one year -€22,137
down €22,137 (-82.8%), from €26,729 to €4,591
of which Trade receivables: -€26,729
- Debts after one year -€554,586
down €554,586 (-100.0%), from €554,586 to €0
- Profit (loss) carried forward +€200,000
up €200,000, from €0 to €200,000
- Tax, wage and social debts -€53,898
down €53,898 (-100.0%), from €53,898 to €0
of which Taxes: -€50,476
- Current portion of long-term debt -€31,414
down €31,414 (-100.0%), from €31,414 to €0
- Reserves +€16,315
up €16,315 (+4.6%), from €352,174 to €368,489
- Gross operating margin +€247,958
up €247,958 (+129.7%), from €191,209 to €439,167
- Taxes +€73,176
up €73,176 (+276.3%), from €26,488 to €99,664
- Depreciation -€59,869
down €59,869 (-79.9%), from €74,897 to €15,027
- Financial charges +€14,203
up €14,203 (+723.6%), from €1,963 to €16,166
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 | €999,296 | €579,841 | -€419,455 | -42.0% |
| Fixed assets | 21/28 | €605,259 | €101,100 | -€504,159 | -83.3% |
| Tangible fixed assets | 22/27 | €605,259 | €101,100 | -€504,159 | -83.3% |
| Land and buildings | 22 | €564,459 | €0 | -€564,459 | -100.0% |
| Plant, machinery and equipment | 23 | €7,810 | €5,440 | -€2,370 | -30.3% |
| Furniture and vehicles | 24 | €17,690 | €78,602 | +€60,912 | +344.3% |
| Other tangible fixed assets | 26 | €15,300 | €17,059 | +€1,759 | +11.5% |
| Current assets | 29/58 | €394,037 | €478,741 | +€84,704 | +21.5% |
| Amounts receivable after more than one year | 29 | €25,000 | €0 | -€25,000 | -100.0% |
| Other amounts receivable | 291 | €25,000 | €0 | -€25,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €26,729 | €4,591 | -€22,137 | -82.8% |
| Trade receivables | 40 | €26,729 | €0 | -€26,729 | -100.0% |
| Other amounts receivable | 41 | €0 | €4,591 | +€4,591 | |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €138,723 | €472,152 | +€333,429 | +240.4% |
| Deferred charges and accrued income | 490/1 | €3,586 | €1,998 | -€1,588 | -44.3% |
| Total equity and liabilities | 10/49 | €999,296 | €579,841 | -€419,455 | -42.0% |
| Equity | 10/15 | €357,174 | €573,489 | +€216,315 | +60.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €352,174 | €368,489 | +€16,315 | +4.6% |
| Distributable reserves | 133 | €352,174 | €368,489 | +€16,315 | +4.6% |
| Profit (loss) carried forward | 14 | €0 | €200,000 | +€200,000 | |
| Amounts payable | 17/49 | €642,122 | €6,352 | -€635,770 | -99.0% |
| Amounts payable after more than one year | 17 | €554,586 | €0 | -€554,586 | -100.0% |
| Financial debts | 170/4 | €554,586 | €0 | -€554,586 | -100.0% |
| Amounts payable within one year | 42/48 | €87,017 | €5,997 | -€81,020 | -93.1% |
| Current portion of amounts payable after more than one year | 42 | €31,414 | €0 | -€31,414 | -100.0% |
| Trade debts | 44 | €574 | €658 | +€84 | +14.7% |
| Suppliers | 440/4 | €574 | €658 | +€84 | +14.7% |
| Taxes, remuneration and social security | 45 | €53,898 | €0 | -€53,898 | -100.0% |
| Taxes | 450/3 | €50,476 | €0 | -€50,476 | -100.0% |
| Remuneration and social security | 454/9 | €3,422 | €0 | -€3,422 | -100.0% |
| Other amounts payable | 47/48 | €1,131 | €5,339 | +€4,208 | +372.1% |
| Accrued charges and deferred income | 492/3 | €520 | €355 | -€164 | -31.6% |
| Non-recurring operating income | 76A | - | €280,721 | +€280,721 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,897 | €15,027 | -€59,869 | -79.9% |
| Other operating charges | 640/8 | €1,141 | €1,919 | +€777 | +68.1% |
| Gross operating margin | 9900 | €191,209 | €439,167 | +€247,958 | +129.7% |
| Operating profit (loss) | 9901 | €115,171 | €422,221 | +€307,050 | +266.6% |
| Financial income | 75/76B | €5,056 | €865 | -€4,191 | -82.9% |
| Recurring financial income | 75 | €5,056 | €865 | -€4,191 | -82.9% |
| Financial charges | 65/66B | €1,963 | €16,166 | +€14,203 | +723.6% |
| Recurring financial charges | 65 | €1,963 | €16,166 | +€14,203 | +723.6% |
| Profit (loss) for the period before taxes | 9903 | €118,264 | €406,920 | +€288,656 | +244.1% |
| Income taxes | 67/77 | €26,488 | €99,664 | +€73,176 | +276.3% |
| Profit (loss) for the period | 9904 | €91,776 | €307,255 | +€215,480 | +234.8% |
| Profit (loss) for the period to be appropriated | 9905 | €91,776 | €307,255 | +€215,480 | +234.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.