CAPEKO: 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.
CAPEKO
Largest movements
- Receivables within one year -€19,824
down €19,824 (-72.9%), from €27,202 to €7,378
of which Trade receivables: -€20,638
- Tangible fixed assets -€4,691
down €4,691 (-86.8%), from €5,404 to €713
of which Furniture and vehicles: -€4,372
- Deferred charges and accrued income -€1,989
down €1,989 (-80.2%), from €2,480 to €491
- Cash +€1,599
up €1,599 (+1.9%), from €84,730 to €86,329
mainly Net result for the year (+€48,994) and Receivables within one year (+€19,824)
- Other debts -€28,438
down €28,438 (-32.5%), from €87,475 to €59,037
- Tax, wage and social debts +€6,167
up €6,167 (+50.4%), from €12,231 to €18,397
- Gross operating margin +€2,404
up €2,404 (+3.6%), from €66,657 to €69,061
- Taxes -€900
down €900 (-6.0%), from €14,935 to €14,035
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,216 | €97,311 | -€24,905 | -20.4% |
| Fixed assets | 21/28 | €7,804 | €3,113 | -€4,691 | -60.1% |
| Tangible fixed assets | 22/27 | €5,404 | €713 | -€4,691 | -86.8% |
| Plant, machinery and equipment | 23 | €319 | - | -€319 | |
| Furniture and vehicles | 24 | €5,085 | €713 | -€4,372 | -86.0% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €114,412 | €94,198 | -€20,214 | -17.7% |
| Amounts receivable within one year | 40/41 | €27,202 | €7,378 | -€19,824 | -72.9% |
| Trade receivables | 40 | €21,896 | €1,258 | -€20,638 | -94.3% |
| Other amounts receivable | 41 | €5,305 | €6,119 | +€814 | +15.3% |
| Cash at bank and in hand | 54/58 | €84,730 | €86,329 | +€1,599 | +1.9% |
| Deferred charges and accrued income | 490/1 | €2,480 | €491 | -€1,989 | -80.2% |
| Total equity and liabilities | 10/49 | €122,216 | €97,311 | -€24,905 | -20.4% |
| Equity | 10/15 | €19,842 | €18,835 | -€1,006 | -5.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,292 | €285 | -€1,006 | -77.9% |
| Amounts payable | 17/49 | €102,374 | €78,476 | -€23,899 | -23.3% |
| Amounts payable within one year | 42/48 | €101,274 | €78,476 | -€22,799 | -22.5% |
| Trade debts | 44 | €1,568 | €1,041 | -€527 | -33.6% |
| Suppliers | 440/4 | €1,568 | €1,041 | -€527 | -33.6% |
| Taxes, remuneration and social security | 45 | €12,231 | €18,397 | +€6,167 | +50.4% |
| Taxes | 450/3 | €12,231 | €18,397 | +€6,167 | +50.4% |
| Other amounts payable | 47/48 | €87,475 | €59,037 | -€28,438 | -32.5% |
| Accrued charges and deferred income | 492/3 | €1,100 | - | -€1,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,801 | €4,691 | -€110 | -2.3% |
| Other operating charges | 640/8 | €899 | €1,137 | +€238 | +26.5% |
| Gross operating margin | 9900 | €66,657 | €69,061 | +€2,404 | +3.6% |
| Operating profit (loss) | 9901 | €60,958 | €63,233 | +€2,276 | +3.7% |
| Financial income | 75/76B | €2 | €26 | +€23 | +976.6% |
| Recurring financial income | 75 | €2 | €26 | +€23 | +976.6% |
| Financial charges | 65/66B | €146 | €230 | +€84 | +57.5% |
| Recurring financial charges | 65 | €146 | €230 | +€84 | +57.5% |
| Profit (loss) for the period before taxes | 9903 | €60,814 | €63,029 | +€2,215 | +3.6% |
| Income taxes | 67/77 | €14,935 | €14,035 | -€900 | -6.0% |
| Profit (loss) for the period | 9904 | €45,879 | €48,994 | +€3,115 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,879 | €48,994 | +€3,115 | +6.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.