CAPAXIS: 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.
CAPAXIS
Largest movements
- Receivables within one year +€5,193
up €5,193 (+2.8%), from €184,246 to €189,439
of which Other amounts receivable: +€12,510
- Tangible fixed assets -€4,237
down €4,237 (-81.6%), from €5,191 to €954
of which Furniture and vehicles: -€4,071
- Debts after one year +€36,049
up €36,049 (+20.3%), from €177,690 to €213,739
- Tax, wage and social debts -€18,845
down €18,845 (-69.0%), from €27,295 to €8,449
- Profit (loss) carried forward -€17,592
down €17,592 (-21.6%), from -€81,443 to -€99,034
- Other operating charges -€19,671
down €19,671 (-93.7%), from €20,989 to €1,319
- Gross operating margin +€8,066
up €8,066 (+40.3%), from -€20,013 to -€11,948
- Taxes -€6,511
no longer reported in 2025 (was €6,511)
- Financial charges -€1,354
down €1,354 (-93.9%), from €1,442 to €88
- Depreciation -€1,007
down €1,007 (-19.2%), from €5,244 to €4,237
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 | €190,976 | €192,001 | +€1,025 | +0.5% |
| Fixed assets | 21/28 | €5,880 | €2,094 | -€3,786 | -64.4% |
| Tangible fixed assets | 22/27 | €5,191 | €954 | -€4,237 | -81.6% |
| Plant, machinery and equipment | 23 | €333 | €167 | -€167 | -50.0% |
| Furniture and vehicles | 24 | €4,858 | €788 | -€4,071 | -83.8% |
| Financial fixed assets | 28 | €689 | €1,140 | +€451 | +65.4% |
| Current assets | 29/58 | €185,095 | €189,906 | +€4,811 | +2.6% |
| Amounts receivable within one year | 40/41 | €184,246 | €189,439 | +€5,193 | +2.8% |
| Trade receivables | 40 | €38,702 | €31,386 | -€7,317 | -18.9% |
| Other amounts receivable | 41 | €145,543 | €158,053 | +€12,510 | +8.6% |
| Cash at bank and in hand | 54/58 | €683 | €283 | -€400 | -58.6% |
| Deferred charges and accrued income | 490/1 | €167 | €185 | +€18 | +10.7% |
| Total equity and liabilities | 10/49 | €190,976 | €192,001 | +€1,025 | +0.5% |
| Equity | 10/15 | -€61,483 | -€79,074 | -€17,592 | -28.6% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €13,710 | €13,710 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,850 | €11,850 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,443 | -€99,034 | -€17,592 | -21.6% |
| Amounts payable | 17/49 | €252,458 | €271,075 | +€18,616 | +7.4% |
| Amounts payable after more than one year | 17 | €177,690 | €213,739 | +€36,049 | +20.3% |
| Other amounts payable | 178/9 | €177,690 | €213,739 | +€36,049 | +20.3% |
| Amounts payable within one year | 42/48 | €71,028 | €53,856 | -€17,172 | -24.2% |
| Trade debts | 44 | €43,733 | €45,357 | +€1,624 | +3.7% |
| Suppliers | 440/4 | €43,733 | €45,357 | +€1,624 | +3.7% |
| Taxes, remuneration and social security | 45 | €27,295 | €8,449 | -€18,845 | -69.0% |
| Taxes | 450/3 | €27,295 | €8,449 | -€18,845 | -69.0% |
| Other amounts payable | 47/48 | - | €50 | +€50 | |
| Accrued charges and deferred income | 492/3 | €3,741 | €3,480 | -€261 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,244 | €4,237 | -€1,007 | -19.2% |
| Other operating charges | 640/8 | €20,989 | €1,319 | -€19,671 | -93.7% |
| Gross operating margin | 9900 | -€20,013 | -€11,948 | +€8,066 | +40.3% |
| Operating profit (loss) | 9901 | -€46,247 | -€17,504 | +€28,743 | +62.2% |
| Financial charges | 65/66B | €1,442 | €88 | -€1,354 | -93.9% |
| Recurring financial charges | 65 | €1,442 | €88 | -€1,354 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | -€47,689 | -€17,592 | +€30,097 | +63.1% |
| Income taxes | 67/77 | €6,511 | - | -€6,511 | |
| Profit (loss) for the period | 9904 | -€54,200 | -€17,592 | +€36,608 | +67.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,200 | -€17,592 | +€36,608 | +67.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.