CAPELLI: 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.
CAPELLI
Largest movements
- Receivables within one year +€10,375
up €10,375 (+18.4%), from €56,515 to €66,890
of which Trade receivables: +€13,464
- Cash +€1,582
up €1,582 (+4.8%), from €32,908 to €34,490
mainly Trade debts (+€5,484) and Tax, wage and social debts (+€3,921)
- Tangible fixed assets -€1,129
no longer reported in 2024 (was €1,129)
of which Furniture and vehicles: -€572
- Trade debts +€5,484
up €5,484 (+84.1%), from €6,519 to €12,003
- Tax, wage and social debts +€3,921
up €3,921 (+25.4%), from €15,420 to €19,341
- Profit (loss) carried forward +€1,643
up €1,643 (+7.3%), from €22,361 to €24,004
- Gross operating margin -€3,745
down €3,745 (-39.9%), from €9,391 to €5,646
- Depreciation -€3,405
down €3,405 (-75.1%), from €4,534 to €1,129
- Other operating charges +€1,976
up €1,976 (+384.3%), from €514 to €2,491
- Taxes -€1,250
no longer reported in 2024 (was €1,250)
- Financial charges +€113
up €113 (+41.8%), from €270 to €383
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,260 | €103,308 | +€11,048 | +12.0% |
| Fixed assets | 21/28 | €2,837 | €1,928 | -€909 | -32.1% |
| Tangible fixed assets | 22/27 | €1,129 | - | -€1,129 | |
| Plant, machinery and equipment | 23 | €361 | - | -€361 | |
| Furniture and vehicles | 24 | €572 | - | -€572 | |
| Other tangible fixed assets | 26 | €196 | - | -€196 | |
| Financial fixed assets | 28 | €1,708 | €1,928 | +€220 | +12.9% |
| Current assets | 29/58 | €89,423 | €101,380 | +€11,957 | +13.4% |
| Amounts receivable within one year | 40/41 | €56,515 | €66,890 | +€10,375 | +18.4% |
| Trade receivables | 40 | €22,764 | €36,228 | +€13,464 | +59.1% |
| Other amounts receivable | 41 | €33,751 | €30,663 | -€3,089 | -9.2% |
| Cash at bank and in hand | 54/58 | €32,908 | €34,490 | +€1,582 | +4.8% |
| Total equity and liabilities | 10/49 | €92,260 | €103,308 | +€11,048 | +12.0% |
| Equity | 10/15 | €70,321 | €71,964 | +€1,643 | +2.3% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €4,360 | €4,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,360 | €4,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,360 | €4,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,361 | €24,004 | +€1,643 | +7.3% |
| Amounts payable | 17/49 | €21,939 | €31,344 | +€9,405 | +42.9% |
| Amounts payable within one year | 42/48 | €21,939 | €31,344 | +€9,405 | +42.9% |
| Trade debts | 44 | €6,519 | €12,003 | +€5,484 | +84.1% |
| Suppliers | 440/4 | €6,519 | €12,003 | +€5,484 | +84.1% |
| Taxes, remuneration and social security | 45 | €15,420 | €19,341 | +€3,921 | +25.4% |
| Taxes | 450/3 | €15,420 | €19,341 | +€3,921 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,534 | €1,129 | -€3,405 | -75.1% |
| Other operating charges | 640/8 | €514 | €2,491 | +€1,976 | +384.3% |
| Gross operating margin | 9900 | €9,391 | €5,646 | -€3,745 | -39.9% |
| Operating profit (loss) | 9901 | €4,343 | €2,026 | -€2,317 | -53.3% |
| Financial charges | 65/66B | €270 | €383 | +€113 | +41.8% |
| Recurring financial charges | 65 | €270 | €383 | +€113 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €4,073 | €1,643 | -€2,430 | -59.7% |
| Income taxes | 67/77 | €1,250 | - | -€1,250 | |
| Profit (loss) for the period | 9904 | €2,823 | €1,643 | -€1,180 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,823 | €1,643 | -€1,180 | -41.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.