CAPAVAN: what changed
What changed
CAPAVAN
filed annual accounts (NBB)
Net result for the year
€19,130
2024 · €28,997-€9,867
Equity
€1.0m
2024 · €991,120+€19,130
Cash
€651
2024 · €18,491-€17,841
Balance sheet total
€1.1m
2024 · €1.1m+€27,599
Largest movements
Assets
- Receivables within one year +€45,967
up €45,967 (+9.4%), from €488,950 to €534,917
- Cash -€17,841
down €17,841 (-96.5%), from €18,491 to €651
mainly Receivables within one year (-€45,967)
Equity and liabilities
- Reserves +€452,144
up €452,144 (+726%), from €62,319 to €514,463
of which Distributable reserves: +€452,144
- Profit (loss) carried forward -€433,014
down €433,014 (-100%), from €433,014 to €0
Income statement
- Taxes +€6,151
up €6,151 (+724%), from €850 to €7,001
- Other operating charges +€2,872
up €2,872 (+3.0%), from €94,848 to €97,720
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€28,997
Gross operating margin
-€797
Other operating charges
-€2,872
Financial charges
-€47
Taxes
-€6,151
Result 2025
€19,130
lowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€17,841
Investment
€0
Financing
€0
Cash 2024
€18,491
From operations (derived)
-€17,841
Net result for the year
+€19,130
Receivables within one year
-€45,967
Deferred charges and accrued income
+€527
Trade debts
+€42
Tax, wage and social debts
+€7,001
Other debts
+€1,068
Accrued charges and deferred income
+€357
Cash 2025
€651
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,082,126 | €1,109,726 | +€27,599 | +2.6% |
| Fixed assets | 21/28 | €574,122 | €574,122 | = | 0.0% |
| Tangible fixed assets | 22/27 | €574,122 | €574,122 | = | 0.0% |
| Land and buildings | 22 | €574,122 | €574,122 | = | 0.0% |
| Current assets | 29/58 | €508,004 | €535,604 | +€27,599 | +5.4% |
| Amounts receivable within one year | 40/41 | €488,950 | €534,917 | +€45,967 | +9.4% |
| Other amounts receivable | 41 | €488,950 | €534,917 | +€45,967 | +9.4% |
| Cash at bank and in hand | 54/58 | €18,491 | €651 | -€17,841 | -96.5% |
| Deferred charges and accrued income | 490/1 | €563 | €36 | -€527 | -93.5% |
| Total equity and liabilities | 10/49 | €1,082,126 | €1,109,726 | +€27,599 | +2.6% |
| Equity | 10/15 | €991,120 | €1,010,250 | +€19,130 | +1.9% |
| Contributions | 10/11 | €495,787 | €495,787 | = | 0.0% |
| Capital | 10 | €495,787 | €495,787 | = | 0.0% |
| Issued capital | 100 | €495,787 | €495,787 | = | 0.0% |
| Reserves | 13 | €62,319 | €514,463 | +€452,144 | +726% |
| Non-distributable reserves | 130/1 | €49,579 | €49,579 | = | 0.0% |
| Legal reserve | 130 | €49,579 | €49,579 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,740 | €12,740 | = | 0.0% |
| Distributable reserves | 133 | - | €452,144 | +€452,144 | |
| Profit (loss) carried forward | 14 | €433,014 | €0 | -€433,014 | -100% |
| Amounts payable | 17/49 | €91,006 | €99,476 | +€8,469 | +9.3% |
| Amounts payable within one year | 42/48 | €89,365 | €97,477 | +€8,112 | +9.1% |
| Trade debts | 44 | €898 | €940 | +€42 | +4.7% |
| Suppliers | 440/4 | €898 | €940 | +€42 | +4.7% |
| Taxes, remuneration and social security | 45 | €850 | €7,851 | +€7,001 | +824% |
| Taxes | 450/3 | €850 | €7,851 | +€7,001 | +824% |
| Other amounts payable | 47/48 | €87,617 | €88,686 | +€1,068 | +1.2% |
| Accrued charges and deferred income | 492/3 | €1,641 | €1,999 | +€357 | +21.8% |
| Other operating charges | 640/8 | €94,848 | €97,720 | +€2,872 | +3.0% |
| Gross operating margin | 9900 | €126,371 | €125,574 | -€797 | -0.6% |
| Operating profit (loss) | 9901 | €31,523 | €27,854 | -€3,669 | -11.6% |
| Financial charges | 65/66B | €1,676 | €1,723 | +€47 | +2.8% |
| Recurring financial charges | 65 | €1,676 | €1,723 | +€47 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €29,847 | €26,131 | -€3,716 | -12.5% |
| Income taxes | 67/77 | €850 | €7,001 | +€6,151 | +724% |
| Profit (loss) for the period | 9904 | €28,997 | €19,130 | -€9,867 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,997 | €19,130 | -€9,867 | -34.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.