CAPETON: 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.
CAPETON
Largest movements
- Intangible fixed assets -€15,169
down €15,169 (-49.0%), from €30,951 to €15,782
- Cash +€14,927
up €14,927 (+21.8%), from €68,553 to €83,480
mainly Other debts (+€26,658) and Depreciation (+€20,994)
- Receivables within one year +€6,458
up €6,458 (+350.7%), from €1,841 to €8,299
of which Trade receivables: +€8,299
- Reserves -€38,402
down €38,402 (-23.5%), from €163,724 to €125,322
of which Distributable reserves: -€38,402
- Other debts +€26,658
up €26,658 (+129.7%), from €20,547 to €47,205
- Profit (loss) carried forward +€16,203
up €16,203, from -€16,203 to €0
- Tax, wage and social debts +€3,010
new in 2025: €3,010
- Gross operating margin +€38,399
up €38,399 (+3102.7%), from €1,238 to €39,636
- Taxes -€5,160
down €5,160 (-93.4%), from €5,523 to €364
- Depreciation -€2,224
down €2,224 (-9.6%), from €23,218 to €20,994
- Financial income -€2,108
down €2,108 (-75.6%), from €2,789 to €681
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 | €188,279 | €194,537 | +€6,258 | +3.3% |
| Fixed assets | 21/28 | €31,376 | €15,782 | -€15,594 | -49.7% |
| Intangible fixed assets | 21 | €30,951 | €15,782 | -€15,169 | -49.0% |
| Tangible fixed assets | 22/27 | €424 | €0 | -€424 | -100.0% |
| Furniture and vehicles | 24 | €424 | €0 | -€424 | -100.0% |
| Current assets | 29/58 | €156,903 | €178,755 | +€21,852 | +13.9% |
| Amounts receivable within one year | 40/41 | €1,841 | €8,299 | +€6,458 | +350.7% |
| Trade receivables | 40 | €0 | €8,299 | +€8,299 | |
| Other amounts receivable | 41 | €1,841 | €0 | -€1,841 | -100.0% |
| Current investments | 50/53 | €83,377 | €84,057 | +€681 | +0.8% |
| Cash at bank and in hand | 54/58 | €68,553 | €83,480 | +€14,927 | +21.8% |
| Deferred charges and accrued income | 490/1 | €3,132 | €2,918 | -€214 | -6.8% |
| Total equity and liabilities | 10/49 | €188,279 | €194,537 | +€6,258 | +3.3% |
| Equity | 10/15 | €166,121 | €143,922 | -€22,200 | -13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €163,724 | €125,322 | -€38,402 | -23.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €161,864 | €123,462 | -€38,402 | -23.7% |
| Profit (loss) carried forward | 14 | -€16,203 | €0 | +€16,203 | |
| Amounts payable | 17/49 | €22,158 | €50,616 | +€28,458 | +128.4% |
| Amounts payable within one year | 42/48 | €22,158 | €50,616 | +€28,458 | +128.4% |
| Trade debts | 44 | €1,611 | €401 | -€1,210 | -75.1% |
| Suppliers | 440/4 | €1,611 | €401 | -€1,210 | -75.1% |
| Taxes, remuneration and social security | 45 | - | €3,010 | +€3,010 | |
| Taxes | 450/3 | - | €3,010 | +€3,010 | |
| Other amounts payable | 47/48 | €20,547 | €47,205 | +€26,658 | +129.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,218 | €20,994 | -€2,224 | -9.6% |
| Other operating charges | 640/8 | €590 | €607 | +€17 | +2.9% |
| Gross operating margin | 9900 | €1,238 | €39,636 | +€38,399 | +3102.7% |
| Operating profit (loss) | 9901 | -€22,571 | €18,035 | +€40,606 | |
| Financial income | 75/76B | €2,789 | €681 | -€2,108 | -75.6% |
| Recurring financial income | 75 | €2,789 | €681 | -€2,108 | -75.6% |
| Financial charges | 65/66B | €371 | €65 | -€306 | -82.5% |
| Recurring financial charges | 65 | €371 | €65 | -€306 | -82.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,153 | €18,651 | +€38,804 | |
| Income taxes | 67/77 | €5,523 | €364 | -€5,160 | -93.4% |
| Profit (loss) for the period | 9904 | -€25,676 | €18,287 | +€43,963 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,676 | €18,287 | +€43,963 |
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 12 October 2026 via checked.be.