CAPHI: 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.
What changed
CAPHI
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€7,884
2024 · -€21,928+€14,044
Equity
€1.4m
2024 · €1.4m-€57,884
Cash
€7,299
2024 · €20,229-€12,931
Balance sheet total
€1.4m
2024 · €1.4m-€56,831
Largest movements
Assets
- Tangible fixed assets -€40,884
down €40,884 (-4.3%), from €951,460 to €910,576
of which Land and buildings: -€40,922
Equity and liabilities
- Reserves -€57,884
down €57,884 (-5.1%), from €1.1m to €1.1m
of which Distributable reserves: -€56,218
Income statement
- Gross operating margin +€12,280
up €12,280 (+73.5%), from €16,718 to €28,997
- Depreciation -€5,458
down €5,458 (-11.6%), from €46,978 to €41,521
- Financial charges +€3,121
up €3,121, from -€2,902 to €220
- Taxes +€1,442
up €1,442, from -€1,175 to €267
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.
Result 2024
-€21,928
Gross operating margin
+€12,280
Depreciation
+€5,458
Other operating charges
+€252
Other operating items
+€481
Financial income
+€137
Financial charges
-€3,121
Taxes
-€1,442
Result 2025
-€7,884
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.
From operations
+€40,406
Investment
-€3,337
Financing
-€50,000
Cash 2024
€20,229
From operations (derived)
+€40,406
Net result for the year
-€7,884
Depreciation
+€41,521
Receivables within one year
+€5,636
Deferred charges and accrued income
+€80
Provisions
-€556
Trade debts
+€3,266
Tax, wage and social debts
-€1,657
Investment (derived)
-€3,337
Investment in fixed assets (net)
-€636
Current investments
-€2,700
Financing
-€50,000
Contributions, distributions and other
-€50,000
Cash 2025
€7,299
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,444,911 | €1,388,079 | -€56,831 | -3.9% |
| Fixed assets | 21/28 | €951,460 | €910,576 | -€40,884 | -4.3% |
| Tangible fixed assets | 22/27 | €951,460 | €910,576 | -€40,884 | -4.3% |
| Land and buildings | 22 | €814,286 | €773,365 | -€40,922 | -5.0% |
| Plant, machinery and equipment | 23 | €1,600 | €1,242 | -€358 | -22.4% |
| Furniture and vehicles | 24 | €135,575 | €135,970 | +€395 | +0.3% |
| Current assets | 29/58 | €493,450 | €477,503 | -€15,947 | -3.2% |
| Amounts receivable after more than one year | 29 | €244,632 | €244,632 | = | 0.0% |
| Other amounts receivable | 291 | €244,632 | €244,632 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,954 | €14,317 | -€5,636 | -28.2% |
| Trade receivables | 40 | €8,146 | €10,567 | +€2,421 | +29.7% |
| Other amounts receivable | 41 | €11,808 | €3,751 | -€8,057 | -68.2% |
| Current investments | 50/53 | €203,256 | €205,957 | +€2,700 | +1.3% |
| Cash at bank and in hand | 54/58 | €20,229 | €7,299 | -€12,931 | -63.9% |
| Deferred charges and accrued income | 490/1 | €5,379 | €5,299 | -€80 | -1.5% |
| Total equity and liabilities | 10/49 | €1,444,911 | €1,388,079 | -€56,831 | -3.9% |
| Equity | 10/15 | €1,429,891 | €1,372,007 | -€57,884 | -4.0% |
| Contributions | 10/11 | €290,026 | €290,026 | = | 0.0% |
| Reserves | 13 | €1,139,865 | €1,081,981 | -€57,884 | -5.1% |
| Non-distributable reserves | 130/1 | €5 | €5 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5 | €5 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,643 | €21,976 | -€1,667 | -7.1% |
| Distributable reserves | 133 | €1,116,218 | €1,060,000 | -€56,218 | -5.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €7,880 | €7,324 | -€556 | -7.1% |
| Deferred taxes | 168 | €7,880 | €7,324 | -€556 | -7.1% |
| Amounts payable | 17/49 | €7,140 | €8,748 | +€1,609 | +22.5% |
| Amounts payable within one year | 42/48 | €7,140 | €8,748 | +€1,609 | +22.5% |
| Trade debts | 44 | €805 | €4,071 | +€3,266 | +405.5% |
| Suppliers | 440/4 | €805 | €4,071 | +€3,266 | +405.5% |
| Taxes, remuneration and social security | 45 | €6,335 | €4,677 | -€1,657 | -26.2% |
| Taxes | 450/3 | €6,335 | €4,677 | -€1,657 | -26.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €6,500 | +€6,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,978 | €41,521 | -€5,458 | -11.6% |
| Other operating charges | 640/8 | €3,639 | €3,387 | -€252 | -6.9% |
| Non-recurring operating charges | 66A | €481 | €0 | -€481 | -100.0% |
| Gross operating margin | 9900 | €16,718 | €28,997 | +€12,280 | +73.5% |
| Operating profit (loss) | 9901 | -€34,381 | -€15,911 | +€18,470 | +53.7% |
| Financial income | 75/76B | €7,820 | €7,957 | +€137 | +1.7% |
| Recurring financial income | 75 | €7,820 | €7,957 | +€137 | +1.7% |
| Financial charges | 65/66B | -€2,902 | €220 | +€3,121 | |
| Recurring financial charges | 65 | -€2,902 | €220 | +€3,121 | |
| Profit (loss) for the period before taxes | 9903 | -€23,659 | -€8,173 | +€15,486 | +65.5% |
| Transfer from deferred taxes | 780 | €556 | €556 | = | 0.0% |
| Income taxes | 67/77 | -€1,175 | €267 | +€1,442 | |
| Profit (loss) for the period | 9904 | -€21,928 | -€7,884 | +€14,044 | +64.0% |
| Transfer from tax-exempt reserves | 789 | €1,667 | €1,667 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,262 | -€6,218 | +€14,044 | +69.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.