CAPE DECISION: 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.
CAPE DECISION
Largest movements
- Receivables within one year -€17,657
down €17,657 (-68.2%), from €25,879 to €8,222
of which Other amounts receivable: -€9,273
- Current investments +€17,165
up €17,165 (+41.3%), from €41,578 to €58,744
- Tangible fixed assets -€8,316
down €8,316 (-25.9%), from €32,071 to €23,755
of which Furniture and vehicles: -€7,177
- Cash -€5,963
down €5,963 (-61.2%), from €9,742 to €3,778
mainly Current investments (-€17,165) and Other debts (-€16,056)
- Other debts -€16,056
down €16,056 (-50.8%), from €31,622 to €15,566
- Reserves +€2,973
up €2,973 (+5.5%), from €53,702 to €56,674
- Trade debts -€1,837
down €1,837 (-42.2%), from €4,353 to €2,516
- Gross operating margin -€19,262
down €19,262 (-53.3%), from €36,144 to €16,882
- Taxes -€8,598
down €8,598 (-66.6%), from €12,905 to €4,307
- Depreciation +€4,678
up €4,678 (+129%), from €3,638 to €8,316
- Financial income +€373
up €373 (+225%), from €166 to €539
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 | €109,912 | €94,904 | -€15,008 | -13.7% |
| Fixed assets | 21/28 | €32,071 | €23,755 | -€8,316 | -25.9% |
| Tangible fixed assets | 22/27 | €32,071 | €23,755 | -€8,316 | -25.9% |
| Furniture and vehicles | 24 | €29,133 | €21,956 | -€7,177 | -24.6% |
| Other tangible fixed assets | 26 | €2,939 | €1,799 | -€1,140 | -38.8% |
| Current assets | 29/58 | €77,841 | €71,149 | -€6,692 | -8.6% |
| Amounts receivable within one year | 40/41 | €25,879 | €8,222 | -€17,657 | -68.2% |
| Trade receivables | 40 | €14,135 | €5,751 | -€8,383 | -59.3% |
| Other amounts receivable | 41 | €11,744 | €2,471 | -€9,273 | -79.0% |
| Current investments | 50/53 | €41,578 | €58,744 | +€17,165 | +41.3% |
| Cash at bank and in hand | 54/58 | €9,742 | €3,778 | -€5,963 | -61.2% |
| Deferred charges and accrued income | 490/1 | €642 | €404 | -€237 | -37.0% |
| Total equity and liabilities | 10/49 | €109,912 | €94,904 | -€15,008 | -13.7% |
| Equity | 10/15 | €73,746 | €76,718 | +€2,973 | +4.0% |
| Contributions | 10/11 | €20,044 | €20,044 | = | 0.0% |
| Reserves | 13 | €53,702 | €56,674 | +€2,973 | +5.5% |
| Distributable reserves | 133 | €53,702 | €56,674 | +€2,973 | +5.5% |
| Amounts payable | 17/49 | €36,167 | €18,185 | -€17,981 | -49.7% |
| Amounts payable within one year | 42/48 | €36,167 | €18,185 | -€17,981 | -49.7% |
| Trade debts | 44 | €4,353 | €2,516 | -€1,837 | -42.2% |
| Suppliers | 440/4 | €4,353 | €2,516 | -€1,837 | -42.2% |
| Taxes, remuneration and social security | 45 | €192 | €104 | -€88 | -45.7% |
| Taxes | 450/3 | €192 | €104 | -€88 | -45.7% |
| Other amounts payable | 47/48 | €31,622 | €15,566 | -€16,056 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,638 | €8,316 | +€4,678 | +129% |
| Other operating charges | 640/8 | €438 | €387 | -€51 | -11.6% |
| Non-recurring operating charges | 66A | €191 | - | -€191 | |
| Gross operating margin | 9900 | €36,144 | €16,882 | -€19,262 | -53.3% |
| Operating profit (loss) | 9901 | €31,877 | €8,178 | -€23,698 | -74.3% |
| Financial income | 75/76B | €166 | €539 | +€373 | +225% |
| Recurring financial income | 75 | €166 | €539 | +€373 | +225% |
| Financial charges | 65/66B | €243 | €211 | -€32 | -13.2% |
| Recurring financial charges | 65 | €243 | €211 | -€32 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €31,799 | €8,507 | -€23,293 | -73.2% |
| Income taxes | 67/77 | €12,905 | €4,307 | -€8,598 | -66.6% |
| Profit (loss) for the period | 9904 | €18,894 | €4,200 | -€14,694 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,894 | €4,200 | -€14,694 | -77.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.