CAPELLE C.: 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.
CAPELLE C.
Largest movements
- Stocks and contracts +€9,410
up €9,410 (+19.2%), from €49,055 to €58,465
- Cash +€3,132
up €3,132 (+4.5%), from €69,203 to €72,335
mainly Net result for the year (+€7,370) and Receivables within one year (+€2,734)
- Receivables within one year -€2,734
down €2,734 (-19.6%), from €13,934 to €11,200
of which Trade receivables: -€2,701
- Tangible fixed assets -€2,595
down €2,595 (-29.0%), from €8,954 to €6,359
- Profit (loss) carried forward +€7,370
up €7,370 (+13.6%), from -€54,047 to -€46,677
- Gross operating margin +€9,167
up €9,167 (+353.0%), from €2,597 to €11,765
- Depreciation +€763
up €763 (+41.6%), from €1,833 to €2,595
- Other operating charges -€471
down €471 (-18.3%), from €2,572 to €2,101
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 | €145,590 | €151,984 | +€6,394 | +4.4% |
| Fixed assets | 21/28 | €10,304 | €7,709 | -€2,595 | -25.2% |
| Tangible fixed assets | 22/27 | €8,954 | €6,359 | -€2,595 | -29.0% |
| Furniture and vehicles | 24 | €8,954 | €6,359 | -€2,595 | -29.0% |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €135,286 | €144,275 | +€8,989 | +6.6% |
| Stocks and contracts in progress | 3 | €49,055 | €58,465 | +€9,410 | +19.2% |
| Stocks | 30/36 | €49,055 | €58,465 | +€9,410 | +19.2% |
| Amounts receivable within one year | 40/41 | €13,934 | €11,200 | -€2,734 | -19.6% |
| Trade receivables | 40 | €12,087 | €9,387 | -€2,701 | -22.3% |
| Other amounts receivable | 41 | €1,846 | €1,814 | -€33 | -1.8% |
| Cash at bank and in hand | 54/58 | €69,203 | €72,335 | +€3,132 | +4.5% |
| Deferred charges and accrued income | 490/1 | €3,094 | €2,275 | -€819 | -26.5% |
| Total equity and liabilities | 10/49 | €145,590 | €151,984 | +€6,394 | +4.4% |
| Equity | 10/15 | €74,846 | €82,216 | +€7,370 | +9.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €110,301 | €110,301 | = | 0.0% |
| Distributable reserves | 133 | €110,301 | €110,301 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,047 | -€46,677 | +€7,370 | +13.6% |
| Amounts payable | 17/49 | €70,744 | €69,768 | -€976 | -1.4% |
| Amounts payable within one year | 42/48 | €70,744 | €69,757 | -€987 | -1.4% |
| Trade debts | 44 | €3,525 | €2,618 | -€907 | -25.7% |
| Suppliers | 440/4 | €3,525 | €2,618 | -€907 | -25.7% |
| Other amounts payable | 47/48 | €67,219 | €67,139 | -€81 | -0.1% |
| Accrued charges and deferred income | 492/3 | - | €11 | +€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,833 | €2,595 | +€763 | +41.6% |
| Other operating charges | 640/8 | €2,572 | €2,101 | -€471 | -18.3% |
| Gross operating margin | 9900 | €2,597 | €11,765 | +€9,167 | +353.0% |
| Operating profit (loss) | 9901 | -€1,808 | €7,068 | +€8,876 | |
| Financial income | 75/76B | €370 | €343 | -€27 | -7.3% |
| Recurring financial income | 75 | €370 | €343 | -€27 | -7.3% |
| Financial charges | 65/66B | €44 | €41 | -€3 | -6.5% |
| Recurring financial charges | 65 | €44 | €41 | -€3 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,481 | €7,370 | +€8,851 | |
| Profit (loss) for the period | 9904 | -€1,481 | €7,370 | +€8,851 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,481 | €7,370 | +€8,851 |
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 11 October 2026 via checked.be.