CAPCO Mgmt: 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.
CAPCO Mgmt
Largest movements
- Receivables within one year +€27,306
up €27,306 (+98.6%), from €27,702 to €55,008
of which Other amounts receivable: +€23,850
- Deferred charges and accrued income +€26,138
up €26,138 (+539.0%), from €4,849 to €30,986
- Tangible fixed assets -€7,075
down €7,075 (-47.1%), from €15,021 to €7,946
- Cash -€4,047
down €4,047 (-11.3%), from €35,958 to €31,911
mainly Contributions, distributions and other (-€90,000) and Receivables within one year (-€27,306)
- Other debts +€80,120
up €80,120 (+12723.2%), from €630 to €80,750
- Profit (loss) carried forward -€62,856
down €62,856 (-96.2%), from €65,348 to €2,492
- Tax, wage and social debts +€19,620
up €19,620 (+140.0%), from €14,014 to €33,634
- Contributions +€5,000
new in 2025: €5,000
- Gross operating margin +€11,683
up €11,683 (+31.2%), from €37,454 to €49,137
- Taxes +€3,411
up €3,411 (+48.7%), from €7,001 to €10,412
- Financial charges +€872
up €872 (+27.2%), from €3,209 to €4,081
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 | €83,530 | €125,851 | +€42,321 | +50.7% |
| Fixed assets | 21/28 | €15,021 | €7,946 | -€7,075 | -47.1% |
| Tangible fixed assets | 22/27 | €15,021 | €7,946 | -€7,075 | -47.1% |
| Furniture and vehicles | 24 | €15,021 | €7,946 | -€7,075 | -47.1% |
| Current assets | 29/58 | €68,509 | €117,905 | +€49,396 | +72.1% |
| Amounts receivable within one year | 40/41 | €27,702 | €55,008 | +€27,306 | +98.6% |
| Trade receivables | 40 | €20,139 | €23,595 | +€3,456 | +17.2% |
| Other amounts receivable | 41 | €7,563 | €31,413 | +€23,850 | +315.3% |
| Cash at bank and in hand | 54/58 | €35,958 | €31,911 | -€4,047 | -11.3% |
| Deferred charges and accrued income | 490/1 | €4,849 | €30,986 | +€26,138 | +539.0% |
| Total equity and liabilities | 10/49 | €83,530 | €125,851 | +€42,321 | +50.7% |
| Equity | 10/15 | €65,348 | €7,492 | -€57,856 | -88.5% |
| Contributions | 10/11 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €65,348 | €2,492 | -€62,856 | -96.2% |
| Amounts payable | 17/49 | €18,183 | €118,360 | +€100,177 | +551.0% |
| Amounts payable within one year | 42/48 | €17,358 | €117,509 | +€100,151 | +577.0% |
| Trade debts | 44 | €2,714 | €3,125 | +€411 | +15.1% |
| Suppliers | 440/4 | €2,714 | €3,125 | +€411 | +15.1% |
| Taxes, remuneration and social security | 45 | €14,014 | €33,634 | +€19,620 | +140.0% |
| Taxes | 450/3 | €14,014 | €33,634 | +€19,620 | +140.0% |
| Other amounts payable | 47/48 | €630 | €80,750 | +€80,120 | +12723.2% |
| Accrued charges and deferred income | 492/3 | €825 | €851 | +€26 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,421 | €2,253 | -€169 | -7.0% |
| Other operating charges | 640/8 | €211 | €247 | +€36 | +16.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €37,454 | €49,137 | +€11,683 | +31.2% |
| Operating profit (loss) | 9901 | €34,822 | €46,637 | +€11,816 | +33.9% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €3,209 | €4,081 | +€872 | +27.2% |
| Recurring financial charges | 65 | €3,209 | €4,081 | +€872 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €31,615 | €42,556 | +€10,941 | +34.6% |
| Income taxes | 67/77 | €7,001 | €10,412 | +€3,411 | +48.7% |
| Profit (loss) for the period | 9904 | €24,614 | €32,144 | +€7,530 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,614 | €32,144 | +€7,530 | +30.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.