CAPAVITA: 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.
CAPAVITA
Largest movements
- Cash +€128,749
up €128,749 (+214%), from €60,266 to €189,015
mainly Net result for the year (+€114,652) and Receivables within one year (+€101,094)
- Receivables within one year -€101,094
down €101,094 (-89.1%), from €113,421 to €12,327
of which Trade receivables: -€113,105
- Tangible fixed assets -€20,189
down €20,189 (-7.9%), from €256,964 to €236,775
of which Land and buildings: -€19,600
- Tax, wage and social debts -€61,573
down €61,573 (-83.2%), from €73,991 to €12,419
of which Taxes: -€61,573
- Reserves +€40,818
up €40,818 (+10.7%), from €382,243 to €423,061
- Other debts +€24,608
up €24,608 (+9.5%), from €257,767 to €282,375
- Turnover -€300,160
no longer reported in 2026 (was €300,160)
- Purchases and services -€183,428
no longer reported in 2026 (was €183,428)
- Gross operating margin -€13,340
down €13,340 (-6.5%), from €205,244 to €191,903
- Staff costs -€5,128
no longer reported in 2026 (was €5,128)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,081,712 | €1,088,151 | +€6,439 | +0.6% |
| Fixed assets | 21/28 | €906,386 | €886,197 | -€20,189 | -2.2% |
| Tangible fixed assets | 22/27 | €256,964 | €236,775 | -€20,189 | -7.9% |
| Land and buildings | 22 | €256,375 | €236,775 | -€19,600 | -7.6% |
| Plant, machinery and equipment | 23 | €589 | €0 | -€589 | -100% |
| Financial fixed assets | 28 | €649,422 | €649,422 | = | 0.0% |
| Current assets | 29/58 | €175,326 | €201,954 | +€26,628 | +15.2% |
| Amounts receivable within one year | 40/41 | €113,421 | €12,327 | -€101,094 | -89.1% |
| Trade receivables | 40 | €113,256 | €151 | -€113,105 | -99.9% |
| Other amounts receivable | 41 | €165 | €12,176 | +€12,011 | +7,281% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €60,266 | €189,015 | +€128,749 | +214% |
| Deferred charges and accrued income | 490/1 | €1,639 | €612 | -€1,027 | -62.7% |
| Total equity and liabilities | 10/49 | €1,081,712 | €1,088,151 | +€6,439 | +0.6% |
| Equity | 10/15 | €749,938 | €790,756 | +€40,818 | +5.4% |
| Contributions | 10/11 | €290,000 | €290,000 | = | 0.0% |
| Reserves | 13 | €382,243 | €423,061 | +€40,818 | +10.7% |
| Distributable reserves | 133 | €382,243 | €423,061 | +€40,818 | +10.7% |
| Profit (loss) carried forward | 14 | €77,696 | €77,696 | = | 0.0% |
| Amounts payable | 17/49 | €331,774 | €297,394 | -€34,379 | -10.4% |
| Amounts payable within one year | 42/48 | €331,774 | €297,394 | -€34,379 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €15 | €2,601 | +€2,586 | +17,239% |
| Suppliers | 440/4 | €15 | €2,601 | +€2,586 | +17,239% |
| Taxes, remuneration and social security | 45 | €73,991 | €12,419 | -€61,573 | -83.2% |
| Taxes | 450/3 | €73,991 | €12,419 | -€61,573 | -83.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €257,767 | €282,375 | +€24,608 | +9.5% |
| Turnover | 70 | €300,160 | - | -€300,160 | |
| Goods, raw materials, services and sundry goods | 60/61 | €183,428 | - | -€183,428 | |
| Remuneration, social security and pensions | 62 | €5,128 | - | -€5,128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,189 | €20,189 | = | 0.0% |
| Other operating charges | 640/8 | €2,733 | €3,728 | +€995 | +36.4% |
| Gross operating margin | 9900 | €205,244 | €191,903 | -€13,340 | -6.5% |
| Operating profit (loss) | 9901 | €177,194 | €167,986 | -€9,208 | -5.2% |
| Financial income | 75/76B | €49 | €1,706 | +€1,657 | +3,392% |
| Recurring financial income | 75 | €49 | €1,706 | +€1,657 | +3,392% |
| Financial charges | 65/66B | €7,442 | €7,205 | -€237 | -3.2% |
| Recurring financial charges | 65 | €7,442 | €7,205 | -€237 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €169,800 | €162,487 | -€7,314 | -4.3% |
| Income taxes | 67/77 | €47,258 | €47,835 | +€578 | +1.2% |
| Profit (loss) for the period | 9904 | €122,543 | €114,652 | -€7,891 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €122,543 | €114,652 | -€7,891 | -6.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.