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CAPASSUR: 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.

What changed

CAPASSUR

BE 0894.306.247
NACE 66.220, Insurance agents and brokers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€331,432
2024 · €309,169+€22,263
Equity
€146,899
2024 · €145,467+€1,432
Cash
€379,862
2024 · €458,451-€78,589
Balance sheet total
€646,401
2024 · €560,657+€85,744

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€163,404

    up €163,404 (+405%), from €40,358 to €203,762

    of which Plant, machinery and equipment: +€173,228

  • Cash -€78,589

    down €78,589 (-17.1%), from €458,451 to €379,862

    mainly Contributions, distributions and other (-€330,000) and Investment in fixed assets (net) (-€191,691)

Equity and liabilities
  • Debts after one year +€64,230

    up €64,230 (+1,197%), from €5,368 to €69,597

  • Trade debts +€26,331

    up €26,331 (+140%), from €18,861 to €45,192

  • Tax, wage and social debts -€20,588

    down €20,588 (-34.6%), from €59,531 to €38,943

    of which Taxes: -€19,428

  • Other debts +€20,000

    up €20,000 (+6.5%), from €310,000 to €330,000

Income statement
  • Gross operating margin +€30,575

    up €30,575 (+4.8%), from €636,119 to €666,694

  • Staff costs +€6,988

    up €6,988 (+3.6%), from €193,528 to €200,516

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €309,169
Gross operating margin +€30,575
Staff costs -€6,988
Depreciation +€3,831
Other operating charges -€5,541
Financial income +€1,062
Financial charges -€115
Taxes -€561
Result 2025 €331,432
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€384,533
Investment -€191,691
Financing -€271,430
Cash 2024 €458,451
Net result for the year +€331,432
Depreciation +€30,532
Receivables within one year -€3,636
Deferred charges and accrued income +€462
Trade debts +€26,331
Tax, wage and social debts -€20,588
Other debts +€20,000
Investment in fixed assets (net) -€191,691
Debts after one year +€64,230
Current portion of long-term debt -€5,660
Contributions, distributions and other -€330,000
Cash 2025 €379,862
brings cash intakes cash out
Every line side by side 42 lines
Line Code 2024 2025 Change %
Total assets 20/58 €560,657 €646,401 +€85,744 +15.3%
Fixed assets 21/28 €48,265 €209,424 +€161,159 +334%
Intangible fixed assets 21 €6,107 €5,402 -€705 -11.5%
Tangible fixed assets 22/27 €40,358 €203,762 +€163,404 +405%
Plant, machinery and equipment 23 €4,342 €177,570 +€173,228 +3,989%
Furniture and vehicles 24 €36,015 €26,192 -€9,824 -27.3%
Financial fixed assets 28 €1,800 €260 -€1,540 -85.6%
Current assets 29/58 €512,392 €436,978 -€75,415 -14.7%
Amounts receivable within one year 40/41 €48,762 €52,398 +€3,636 +7.5%
Trade receivables 40 €48,762 €52,299 +€3,536 +7.3%
Other amounts receivable 41 - €100 +€100
Cash at bank and in hand 54/58 €458,451 €379,862 -€78,589 -17.1%
Deferred charges and accrued income 490/1 €5,179 €4,717 -€462 -8.9%
Total equity and liabilities 10/49 €560,657 €646,401 +€85,744 +15.3%
Equity 10/15 €145,467 €146,899 +€1,432 +1.0%
Contributions 10/11 €8,060 €8,060 = 0.0%
Reserves 13 €137,407 €138,839 +€1,432 +1.0%
Distributable reserves 133 €137,407 €138,839 +€1,432 +1.0%
Amounts payable 17/49 €415,191 €499,503 +€84,312 +20.3%
Amounts payable after more than one year 17 €5,368 €69,597 +€64,230 +1,197%
Financial debts 170/4 €5,368 €69,597 +€64,230 +1,197%
Amounts payable within one year 42/48 €409,823 €429,905 +€20,083 +4.9%
Current portion of amounts payable after more than one year 42 €21,430 €15,770 -€5,660 -26.4%
Trade debts 44 €18,861 €45,192 +€26,331 +140%
Suppliers 440/4 €18,861 €45,192 +€26,331 +140%
Taxes, remuneration and social security 45 €59,531 €38,943 -€20,588 -34.6%
Taxes 450/3 €19,428 - -€19,428
Remuneration and social security 454/9 €40,103 €38,943 -€1,161 -2.9%
Other amounts payable 47/48 €310,000 €330,000 +€20,000 +6.5%
Remuneration, social security and pensions 62 €193,528 €200,516 +€6,988 +3.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €34,363 €30,532 -€3,831 -11.1%
Other operating charges 640/8 €348 €5,889 +€5,541 +1,593%
Gross operating margin 9900 €636,119 €666,694 +€30,575 +4.8%
Operating profit (loss) 9901 €407,880 €429,757 +€21,877 +5.4%
Financial income 75/76B €1,538 €2,600 +€1,062 +69.1%
Recurring financial income 75 €1,538 €2,600 +€1,062 +69.1%
Financial charges 65/66B €365 €479 +€115 +31.4%
Recurring financial charges 65 €365 €479 +€115 +31.4%
Profit (loss) for the period before taxes 9903 €409,053 €431,878 +€22,824 +5.6%
Income taxes 67/77 €99,885 €100,446 +€561 +0.6%
Profit (loss) for the period 9904 €309,169 €331,432 +€22,263 +7.2%
Profit (loss) for the period to be appropriated 9905 €309,169 €331,432 +€22,263 +7.2%

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 27 October 2026 via checked.be.