CAPEBRIDGE: 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.
CAPEBRIDGE
Largest movements
- Cash -€112,804
down €112,804 (-66.4%), from €170,000 to €57,196
mainly Stocks and contracts (-€101,499) and Tax, wage and social debts (-€13,561)
- Stocks and contracts +€101,499
new in 2025: €101,499
- Tangible fixed assets -€8,650
down €8,650 (-3.2%), from €274,548 to €265,898
of which Land and buildings: -€7,932
- Tax, wage and social debts -€13,561
down €13,561 (-93.0%), from €14,576 to €1,016
- Debts after one year -€8,628
down €8,628 (-5.4%), from €158,751 to €150,123
of which Financial debts: -€9,370
- Gross operating margin -€119,570
down €119,570 (-86.4%), from €138,470 to €18,900
- Financial charges -€23,220
down €23,220 (-89.1%), from €26,056 to €2,835
- Taxes -€20,760
down €20,760 (-92.9%), from €22,344 to €1,584
- Other operating charges +€4,500
up €4,500 (+188%), from €2,394 to €6,895
- Financial income -€3,365
down €3,365 (-75.4%), from €4,464 to €1,099
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 | €446,828 | €425,050 | -€21,778 | -4.9% |
| Fixed assets | 21/28 | €274,548 | €265,898 | -€8,650 | -3.2% |
| Tangible fixed assets | 22/27 | €274,548 | €265,898 | -€8,650 | -3.2% |
| Land and buildings | 22 | €272,076 | €264,144 | -€7,932 | -2.9% |
| Plant, machinery and equipment | 23 | €1,884 | €1,666 | -€218 | -11.6% |
| Furniture and vehicles | 24 | €587 | €88 | -€500 | -85.1% |
| Current assets | 29/58 | €172,280 | €159,152 | -€13,128 | -7.6% |
| Stocks and contracts in progress | 3 | - | €101,499 | +€101,499 | |
| Stocks | 30/36 | - | €101,499 | +€101,499 | |
| Amounts receivable within one year | 40/41 | €2,073 | €246 | -€1,827 | -88.1% |
| Other amounts receivable | 41 | €2,073 | €246 | -€1,827 | -88.1% |
| Cash at bank and in hand | 54/58 | €170,000 | €57,196 | -€112,804 | -66.4% |
| Deferred charges and accrued income | 490/1 | €207 | €212 | +€4 | +2.2% |
| Total equity and liabilities | 10/49 | €446,828 | €425,050 | -€21,778 | -4.9% |
| Equity | 10/15 | €107,481 | €107,516 | +€35 | 0.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,481 | €103,516 | +€35 | 0.0% |
| Amounts payable | 17/49 | €339,347 | €317,534 | -€21,813 | -6.4% |
| Amounts payable after more than one year | 17 | €158,751 | €150,123 | -€8,628 | -5.4% |
| Financial debts | 170/4 | €157,129 | €147,758 | -€9,370 | -6.0% |
| Other amounts payable | 178/9 | €1,623 | €2,365 | +€742 | +45.8% |
| Amounts payable within one year | 42/48 | €178,531 | €165,635 | -€12,896 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €9,598 | €9,370 | -€227 | -2.4% |
| Trade debts | 44 | €5,636 | €6,527 | +€892 | +15.8% |
| Suppliers | 440/4 | €5,636 | €6,527 | +€892 | +15.8% |
| Taxes, remuneration and social security | 45 | €14,576 | €1,016 | -€13,561 | -93.0% |
| Taxes | 450/3 | €14,576 | €1,016 | -€13,561 | -93.0% |
| Other amounts payable | 47/48 | €148,721 | €148,721 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,065 | €1,776 | -€289 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,650 | €8,650 | = | 0.0% |
| Other operating charges | 640/8 | €2,394 | €6,895 | +€4,500 | +188% |
| Gross operating margin | 9900 | €138,470 | €18,900 | -€119,570 | -86.4% |
| Operating profit (loss) | 9901 | €127,426 | €3,355 | -€124,070 | -97.4% |
| Financial income | 75/76B | €4,464 | €1,099 | -€3,365 | -75.4% |
| Recurring financial income | 75 | €4,464 | €1,099 | -€3,365 | -75.4% |
| Financial charges | 65/66B | €26,056 | €2,835 | -€23,220 | -89.1% |
| Recurring financial charges | 65 | €26,056 | €2,835 | -€23,220 | -89.1% |
| Profit (loss) for the period before taxes | 9903 | €105,834 | €1,619 | -€104,215 | -98.5% |
| Income taxes | 67/77 | €22,344 | €1,584 | -€20,760 | -92.9% |
| Profit (loss) for the period | 9904 | €83,490 | €35 | -€83,454 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,490 | €35 | -€83,454 | -100.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.