Capco Belgium: 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.
Capco Belgium
Largest movements
- Receivables within one year -€320,106
down €320,106 (-19.8%), from €1.6m to €1.3m
- Tax, wage and social debts -€274,067
no longer reported in 2026 (was €274,067)
- Trade debts -€58,825
down €58,825 (-80.9%), from €72,693 to €13,868
- Taxes -€274,067
no longer reported in 2026 (was €274,067)
- Gross operating margin +€111,125
up €111,125 (+91.6%), from -€121,315 to -€10,190
- Financial income -€26,451
down €26,451 (-48.1%), from €54,997 to €28,546
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,619,100 | €1,299,099 | -€320,001 | -19.8% |
| Fixed assets | 21/28 | €2,234 | €2,234 | = | 0.0% |
| Financial fixed assets | 28 | €2,234 | €2,234 | = | 0.0% |
| Current assets | 29/58 | €1,616,866 | €1,296,866 | -€320,001 | -19.8% |
| Amounts receivable within one year | 40/41 | €1,616,866 | €1,296,760 | -€320,106 | -19.8% |
| Other amounts receivable | 41 | €1,616,866 | €1,296,760 | -€320,106 | -19.8% |
| Deferred charges and accrued income | 490/1 | - | €106 | +€106 | |
| Total equity and liabilities | 10/49 | €1,619,100 | €1,299,099 | -€320,001 | -19.8% |
| Equity | 10/15 | €1,270,128 | €1,285,232 | +€15,103 | +1.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,220,128 | €1,235,232 | +€15,103 | +1.2% |
| Amounts payable | 17/49 | €348,972 | €13,868 | -€335,104 | -96.0% |
| Amounts payable within one year | 42/48 | €348,972 | €13,868 | -€335,104 | -96.0% |
| Trade debts | 44 | €72,693 | €13,868 | -€58,825 | -80.9% |
| Suppliers | 440/4 | €72,693 | €13,868 | -€58,825 | -80.9% |
| Taxes, remuneration and social security | 45 | €274,067 | - | -€274,067 | |
| Taxes | 450/3 | €274,067 | - | -€274,067 | |
| Other amounts payable | 47/48 | €2,212 | - | -€2,212 | |
| Other operating charges | 640/8 | €975 | - | -€975 | |
| Gross operating margin | 9900 | -€121,315 | -€10,190 | +€111,125 | +91.6% |
| Operating profit (loss) | 9901 | -€122,290 | -€10,190 | +€112,099 | +91.7% |
| Financial income | 75/76B | €54,997 | €28,546 | -€26,451 | -48.1% |
| Recurring financial income | 75 | €54,997 | €28,546 | -€26,451 | -48.1% |
| Financial charges | 65/66B | €3,289 | €3,253 | -€37 | -1.1% |
| Recurring financial charges | 65 | €3,289 | €3,253 | -€37 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€70,582 | €15,103 | +€85,685 | |
| Income taxes | 67/77 | €274,067 | - | -€274,067 | |
| Profit (loss) for the period | 9904 | -€344,649 | €15,103 | +€359,752 | |
| Profit (loss) for the period to be appropriated | 9905 | -€344,649 | €15,103 | +€359,752 |
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 31 October 2026 via checked.be.