CAPAX environmental services: 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.
CAPAX environmental services
Largest movements
- Receivables within one year -€26,587
down €26,587 (-67.4%), from €39,458 to €12,870
of which Other amounts receivable: -€17,747
- Intangible fixed assets -€20,301
down €20,301 (-57.5%), from €35,332 to €15,031
- Cash -€10,557
down €10,557 (-67.1%), from €15,734 to €5,177
mainly Net result for the year (-€52,291) and Debts after one year (-€21,277)
- Tangible fixed assets -€8,591
down €8,591 (-61.1%), from €14,059 to €5,469
of which Furniture and vehicles: -€5,960
- Deferred charges and accrued income +€7,642
up €7,642 (+543%), from €1,408 to €9,050
- Profit (loss) carried forward -€52,291
down €52,291 (-234%), from -€22,392 to -€74,683
- Debts after one year -€21,277
down €21,277 (-100%), from €21,277 to €0
- Trade debts +€8,761
up €8,761 (+125%), from €7,022 to €15,783
- Other debts +€8,415
up €8,415 (+296%), from €2,842 to €11,257
- Current portion of long-term debt -€3,944
down €3,944 (-15.6%), from €25,221 to €21,277
- Gross operating margin -€57,733
down €57,733, from €43,265 to -€14,468
- Financial charges +€3,182
up €3,182 (+112%), from €2,833 to €6,015
- Depreciation -€2,618
down €2,618 (-8.3%), from €31,510 to €28,892
- Staff costs -€1,084
down €1,084 (-73.6%), from €1,473 to €389
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 | €131,101 | €72,707 | -€58,394 | -44.5% |
| Fixed assets | 21/28 | €74,502 | €45,610 | -€28,892 | -38.8% |
| Intangible fixed assets | 21 | €35,332 | €15,031 | -€20,301 | -57.5% |
| Tangible fixed assets | 22/27 | €14,059 | €5,469 | -€8,591 | -61.1% |
| Plant, machinery and equipment | 23 | €6,898 | €4,543 | -€2,355 | -34.1% |
| Furniture and vehicles | 24 | €6,335 | €375 | -€5,960 | -94.1% |
| Other tangible fixed assets | 26 | €827 | €551 | -€276 | -33.3% |
| Financial fixed assets | 28 | €25,110 | €25,110 | = | 0.0% |
| Current assets | 29/58 | €56,600 | €27,097 | -€29,502 | -52.1% |
| Amounts receivable within one year | 40/41 | €39,458 | €12,870 | -€26,587 | -67.4% |
| Trade receivables | 40 | €8,841 | €0 | -€8,841 | -100% |
| Other amounts receivable | 41 | €30,617 | €12,870 | -€17,747 | -58.0% |
| Cash at bank and in hand | 54/58 | €15,734 | €5,177 | -€10,557 | -67.1% |
| Deferred charges and accrued income | 490/1 | €1,408 | €9,050 | +€7,642 | +543% |
| Total equity and liabilities | 10/49 | €131,101 | €72,707 | -€58,394 | -44.5% |
| Equity | 10/15 | €68,068 | €15,777 | -€52,291 | -76.8% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,860 | €21,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,860 | €0 | -€21,860 | -100% |
| Other | 1319 | - | €21,860 | +€21,860 | |
| Profit (loss) carried forward | 14 | -€22,392 | -€74,683 | -€52,291 | -234% |
| Amounts payable | 17/49 | €63,034 | €56,930 | -€6,103 | -9.7% |
| Amounts payable after more than one year | 17 | €21,277 | €0 | -€21,277 | -100% |
| Financial debts | 170/4 | €21,277 | €0 | -€21,277 | -100% |
| Amounts payable within one year | 42/48 | €41,757 | €56,930 | +€15,173 | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €25,221 | €21,277 | -€3,944 | -15.6% |
| Financial debts | 43 | €250 | €2,790 | +€2,540 | +1,018% |
| Credit institutions | 430/8 | €250 | €2,790 | +€2,540 | +1,018% |
| Trade debts | 44 | €7,022 | €15,783 | +€8,761 | +125% |
| Suppliers | 440/4 | €7,022 | €15,783 | +€8,761 | +125% |
| Taxes, remuneration and social security | 45 | €6,422 | €5,824 | -€598 | -9.3% |
| Taxes | 450/3 | €6,422 | €5,824 | -€598 | -9.3% |
| Other amounts payable | 47/48 | €2,842 | €11,257 | +€8,415 | +296% |
| Remuneration, social security and pensions | 62 | €1,473 | €389 | -€1,084 | -73.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,510 | €28,892 | -€2,618 | -8.3% |
| Other operating charges | 640/8 | €2,211 | €2,576 | +€366 | +16.5% |
| Gross operating margin | 9900 | €43,265 | -€14,468 | -€57,733 | |
| Operating profit (loss) | 9901 | €8,072 | -€46,325 | -€54,397 | |
| Financial income | 75/76B | €1,022 | €611 | -€411 | -40.2% |
| Recurring financial income | 75 | €1,022 | €611 | -€411 | -40.2% |
| Financial charges | 65/66B | €2,833 | €6,015 | +€3,182 | +112% |
| Recurring financial charges | 65 | €2,833 | €6,015 | +€3,182 | +112% |
| Profit (loss) for the period before taxes | 9903 | €6,261 | -€51,729 | -€57,990 | |
| Income taxes | 67/77 | €333 | €562 | +€229 | +68.8% |
| Profit (loss) for the period | 9904 | €5,928 | -€52,291 | -€58,219 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,928 | -€52,291 | -€58,219 |
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.