Capeforce: 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.
Capeforce
Largest movements
- Cash -€68,514
down €68,514 (-77.1%), from €88,828 to €20,314
mainly Current investments (-€50,000) and Tax, wage and social debts (-€30,108)
- Current investments +€50,000
new in 2025: €50,000
- Receivables within one year -€7,834
down €7,834 (-24.8%), from €31,528 to €23,694
of which Trade receivables: -€15,255
- Tangible fixed assets +€5,826
up €5,826 (+131.0%), from €4,449 to €10,275
- Tax, wage and social debts -€30,108
down €30,108 (-71.9%), from €41,860 to €11,752
of which Taxes: -€29,670
- Reserves +€5,995
up €5,995 (+7.4%), from €81,392 to €87,387
- Trade debts +€2,380
up €2,380 (+410.5%), from €580 to €2,959
- Gross operating margin -€87,021
down €87,021 (-86.9%), from €100,170 to €13,149
- Taxes -€24,584
down €24,584 (-88.3%), from €27,839 to €3,255
- Financial charges +€1,261
up €1,261 (+2019.5%), from €62 to €1,323
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 | €125,817 | €104,283 | -€21,534 | -17.1% |
| Fixed assets | 21/28 | €4,449 | €10,275 | +€5,826 | +131.0% |
| Tangible fixed assets | 22/27 | €4,449 | €10,275 | +€5,826 | +131.0% |
| Furniture and vehicles | 24 | €4,449 | €10,275 | +€5,826 | +131.0% |
| Current assets | 29/58 | €121,369 | €94,008 | -€27,360 | -22.5% |
| Amounts receivable within one year | 40/41 | €31,528 | €23,694 | -€7,834 | -24.8% |
| Trade receivables | 40 | €28,347 | €13,092 | -€15,255 | -53.8% |
| Other amounts receivable | 41 | €3,181 | €10,602 | +€7,421 | +233.3% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €88,828 | €20,314 | -€68,514 | -77.1% |
| Deferred charges and accrued income | 490/1 | €1,013 | - | -€1,013 | |
| Total equity and liabilities | 10/49 | €125,817 | €104,283 | -€21,534 | -17.1% |
| Equity | 10/15 | €83,378 | €89,373 | +€5,995 | +7.2% |
| Contributions | 10/11 | €1,986 | €1,986 | = | 0.0% |
| Reserves | 13 | €81,392 | €87,387 | +€5,995 | +7.4% |
| Distributable reserves | 133 | €81,392 | €87,387 | +€5,995 | +7.4% |
| Amounts payable | 17/49 | €42,440 | €14,910 | -€27,529 | -64.9% |
| Amounts payable within one year | 42/48 | €42,440 | €14,711 | -€27,728 | -65.3% |
| Trade debts | 44 | €580 | €2,959 | +€2,380 | +410.5% |
| Suppliers | 440/4 | €580 | €2,959 | +€2,380 | +410.5% |
| Taxes, remuneration and social security | 45 | €41,860 | €11,752 | -€30,108 | -71.9% |
| Taxes | 450/3 | €41,422 | €11,752 | -€29,670 | -71.6% |
| Remuneration and social security | 454/9 | €438 | - | -€438 | |
| Accrued charges and deferred income | 492/3 | - | €199 | +€199 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €957 | €1,938 | +€981 | +102.5% |
| Other operating charges | 640/8 | €240 | €832 | +€592 | +246.2% |
| Gross operating margin | 9900 | €100,170 | €13,149 | -€87,021 | -86.9% |
| Operating profit (loss) | 9901 | €98,972 | €10,379 | -€88,593 | -89.5% |
| Financial income | 75/76B | €43 | €194 | +€152 | +355.8% |
| Recurring financial income | 75 | €43 | €194 | +€152 | +355.8% |
| Financial charges | 65/66B | €62 | €1,323 | +€1,261 | +2019.5% |
| Recurring financial charges | 65 | €62 | €1,323 | +€1,261 | +2019.5% |
| Profit (loss) for the period before taxes | 9903 | €98,952 | €9,250 | -€89,703 | -90.7% |
| Income taxes | 67/77 | €27,839 | €3,255 | -€24,584 | -88.3% |
| Profit (loss) for the period | 9904 | €71,113 | €5,995 | -€65,118 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,113 | €5,995 | -€65,118 | -91.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.