CAPELLE REAL ESTATE: 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 REAL ESTATE
Largest movements
- Receivables within one year -€59,264
down €59,264 (-67.6%), from €87,686 to €28,422
of which Trade receivables: -€49,962
- Cash -€46,579
down €46,579 (-81.3%), from €57,304 to €10,725
mainly Debts after one year (-€147,978) and Trade debts (-€44,841)
- Tangible fixed assets -€38,010
down €38,010 (-3.1%), from €1.2m to €1.2m
of which Land and buildings: -€33,872
- Debts after one year -€147,978
down €147,978 (-13.3%), from €1.1m to €967,105
- Reserves +€79,561
up €79,561 (+15.9%), from €501,794 to €581,356
- Trade debts -€44,841
down €44,841 (-84.4%), from €53,103 to €8,262
- Accrued charges and deferred income -€29,853
down €29,853 (-60.3%), from €49,535 to €19,682
- Financial charges -€23,578
down €23,578 (-36.8%), from €63,988 to €40,409
- Taxes +€4,452
up €4,452 (+19.7%), from €22,545 to €26,998
- Gross operating margin -€3,871
down €3,871 (-2.0%), from €194,585 to €190,714
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 | €2,253,598 | €2,107,021 | -€146,577 | -6.5% |
| Fixed assets | 21/28 | €2,102,108 | €2,064,097 | -€38,010 | -1.8% |
| Tangible fixed assets | 22/27 | €1,230,370 | €1,192,360 | -€38,010 | -3.1% |
| Land and buildings | 22 | €1,220,897 | €1,187,024 | -€33,872 | -2.8% |
| Furniture and vehicles | 24 | €9,473 | €5,336 | -€4,138 | -43.7% |
| Financial fixed assets | 28 | €871,737 | €871,737 | = | 0.0% |
| Current assets | 29/58 | €151,490 | €42,924 | -€108,566 | -71.7% |
| Amounts receivable within one year | 40/41 | €87,686 | €28,422 | -€59,264 | -67.6% |
| Trade receivables | 40 | €58,365 | €8,403 | -€49,962 | -85.6% |
| Other amounts receivable | 41 | €29,321 | €20,019 | -€9,303 | -31.7% |
| Cash at bank and in hand | 54/58 | €57,304 | €10,725 | -€46,579 | -81.3% |
| Deferred charges and accrued income | 490/1 | €6,500 | €3,777 | -€2,723 | -41.9% |
| Total equity and liabilities | 10/49 | €2,253,598 | €2,107,021 | -€146,577 | -6.5% |
| Equity | 10/15 | €520,394 | €599,956 | +€79,561 | +15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €501,794 | €581,356 | +€79,561 | +15.9% |
| Distributable reserves | 133 | €501,794 | €581,356 | +€79,561 | +15.9% |
| Amounts payable | 17/49 | €1,733,204 | €1,507,066 | -€226,138 | -13.0% |
| Amounts payable after more than one year | 17 | €1,115,082 | €967,105 | -€147,978 | -13.3% |
| Financial debts | 170/4 | €1,115,082 | €967,105 | -€147,978 | -13.3% |
| Amounts payable within one year | 42/48 | €568,586 | €520,279 | -€48,307 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €144,323 | €147,978 | +€3,655 | +2.5% |
| Financial debts | 43 | €11,667 | €11,667 | = | 0.0% |
| Credit institutions | 430/8 | €11,667 | €11,667 | = | 0.0% |
| Trade debts | 44 | €53,103 | €8,262 | -€44,841 | -84.4% |
| Suppliers | 440/4 | €53,103 | €8,262 | -€44,841 | -84.4% |
| Advances received on contracts in progress | 46 | €7,100 | €0 | -€7,100 | -100% |
| Taxes, remuneration and social security | 45 | €697 | €3,570 | +€2,873 | +412% |
| Taxes | 450/3 | €697 | €3,570 | +€2,873 | +412% |
| Other amounts payable | 47/48 | €351,698 | €348,803 | -€2,895 | -0.8% |
| Accrued charges and deferred income | 492/3 | €49,535 | €19,682 | -€29,853 | -60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,458 | €42,386 | +€1,928 | +4.8% |
| Other operating charges | 640/8 | €2,754 | €1,360 | -€1,393 | -50.6% |
| Gross operating margin | 9900 | €194,585 | €190,714 | -€3,871 | -2.0% |
| Operating profit (loss) | 9901 | €151,373 | €146,968 | -€4,405 | -2.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +500% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +500% |
| Financial charges | 65/66B | €63,988 | €40,409 | -€23,578 | -36.8% |
| Recurring financial charges | 65 | €63,988 | €40,409 | -€23,578 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €87,385 | €106,559 | +€19,174 | +21.9% |
| Income taxes | 67/77 | €22,545 | €26,998 | +€4,452 | +19.7% |
| Profit (loss) for the period | 9904 | €64,840 | €79,561 | +€14,721 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €64,840 | €79,561 | +€14,721 | +22.7% |
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 29 October 2026 via checked.be.