CAPE WHITE: 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.
CAPE WHITE
Largest movements
- Tangible fixed assets -€20,249
down €20,249 (-5.7%), from €352,229 to €331,981
of which Land and buildings: -€16,952
- Stocks and contracts +€14,950
up €14,950 (+19.7%), from €75,847 to €90,797
- Debts after one year -€14,799
down €14,799 (-5.6%), from €266,222 to €251,423
- Tax, wage and social debts +€7,732
up €7,732 (+40.2%), from €19,227 to €26,960
of which Taxes: +€7,597
- Trade debts +€6,944
up €6,944 (+98.8%), from €7,032 to €13,976
- Other debts +€5,063
up €5,063 (+4.3%), from €118,183 to €123,246
- Gross operating margin -€4,990
down €4,990 (-14.0%), from €35,718 to €30,728
- Depreciation +€2,813
up €2,813 (+16.1%), from €17,436 to €20,249
- Other operating charges +€1,675
up €1,675 (+125.9%), from €1,331 to €3,005
- Financial charges -€862
down €862 (-11.0%), from €7,845 to €6,983
- Taxes +€858
up €858 (+652.4%), from €132 to €990
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €439,990 | €443,396 | +€3,406 | +0.8% |
| Fixed assets | 21/28 | €353,198 | €332,950 | -€20,249 | -5.7% |
| Tangible fixed assets | 22/27 | €352,229 | €331,981 | -€20,249 | -5.7% |
| Land and buildings | 22 | €342,384 | €325,432 | -€16,952 | -5.0% |
| Furniture and vehicles | 24 | €9,845 | €6,548 | -€3,297 | -33.5% |
| Financial fixed assets | 28 | €969 | €969 | = | 0.0% |
| Current assets | 29/58 | €86,792 | €110,447 | +€23,655 | +27.3% |
| Stocks and contracts in progress | 3 | €75,847 | €90,797 | +€14,950 | +19.7% |
| Stocks | 30/36 | €75,847 | €90,797 | +€14,950 | +19.7% |
| Amounts receivable within one year | 40/41 | €3,593 | €6,882 | +€3,289 | +91.5% |
| Trade receivables | 40 | €3,590 | €6,873 | +€3,283 | +91.4% |
| Other amounts receivable | 41 | €3 | €9 | +€6 | +178.9% |
| Cash at bank and in hand | 54/58 | €6,911 | €11,302 | +€4,391 | +63.5% |
| Deferred charges and accrued income | 490/1 | €440 | €1,465 | +€1,025 | +232.9% |
| Total equity and liabilities | 10/49 | €439,990 | €443,396 | +€3,406 | +0.8% |
| Equity | 10/15 | €13,919 | €13,475 | -€444 | -3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,541 | -€6,985 | -€444 | -6.8% |
| Amounts payable | 17/49 | €426,071 | €429,921 | +€3,850 | +0.9% |
| Amounts payable after more than one year | 17 | €266,222 | €251,423 | -€14,799 | -5.6% |
| Financial debts | 170/4 | €266,222 | €251,423 | -€14,799 | -5.6% |
| Amounts payable within one year | 42/48 | €159,849 | €178,498 | +€18,649 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €15,407 | €14,316 | -€1,091 | -7.1% |
| Trade debts | 44 | €7,032 | €13,976 | +€6,944 | +98.8% |
| Suppliers | 440/4 | €7,032 | €13,976 | +€6,944 | +98.8% |
| Taxes, remuneration and social security | 45 | €19,227 | €26,960 | +€7,732 | +40.2% |
| Taxes | 450/3 | €18,163 | €25,760 | +€7,597 | +41.8% |
| Remuneration and social security | 454/9 | €1,065 | €1,200 | +€135 | +12.7% |
| Other amounts payable | 47/48 | €118,183 | €123,246 | +€5,063 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,436 | €20,249 | +€2,813 | +16.1% |
| Other operating charges | 640/8 | €1,331 | €3,005 | +€1,675 | +125.9% |
| Gross operating margin | 9900 | €35,718 | €30,728 | -€4,990 | -14.0% |
| Operating profit (loss) | 9901 | €16,952 | €7,474 | -€9,478 | -55.9% |
| Financial income | 75/76B | €26 | €54 | +€28 | +105.9% |
| Recurring financial income | 75 | €26 | €54 | +€28 | +105.9% |
| Financial charges | 65/66B | €7,845 | €6,983 | -€862 | -11.0% |
| Recurring financial charges | 65 | €7,845 | €6,983 | -€862 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €9,133 | €546 | -€8,587 | -94.0% |
| Income taxes | 67/77 | €132 | €990 | +€858 | +652.4% |
| Profit (loss) for the period | 9904 | €9,001 | -€444 | -€9,445 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,001 | -€444 | -€9,445 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.