CAPIAU GROUP: 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.
CAPIAU GROUP
Largest movements
- Cash -€39,261
down €39,261 (-27.5%), from €142,955 to €103,695
mainly Contributions, distributions and other (-€82,353) and Investment in fixed assets (net) (-€35,406)
- Tangible fixed assets +€29,891
up €29,891 (+787%), from €3,800 to €33,691
of which Furniture and vehicles: +€28,806
- Receivables within one year -€17,254
down €17,254 (-30.7%), from €56,262 to €39,008
- Profit (loss) carried forward -€47,999
down €47,999 (-32.5%), from €147,686 to €99,687
- Other debts +€21,560
up €21,560 (+785%), from €2,745 to €24,305
- Trade debts +€7,614
up €7,614 (+844%), from €902 to €8,516
- Current portion of long-term debt -€3,321
down €3,321 (-74.7%), from €4,446 to €1,125
- Tax, wage and social debts -€2,984
down €2,984 (-8.1%), from €36,656 to €33,672
- Gross operating margin +€7,814
up €7,814 (+18.1%), from €43,167 to €50,981
- Taxes -€1,009
down €1,009 (-8.8%), from €11,404 to €10,395
- Depreciation -€896
down €896 (-14.0%), from €6,410 to €5,515
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 | €203,561 | €177,306 | -€26,255 | -12.9% |
| Fixed assets | 21/28 | €3,800 | €33,691 | +€29,891 | +787% |
| Tangible fixed assets | 22/27 | €3,800 | €33,691 | +€29,891 | +787% |
| Plant, machinery and equipment | 23 | €841 | €1,925 | +€1,085 | +129% |
| Furniture and vehicles | 24 | €2,959 | €31,765 | +€28,806 | +974% |
| Current assets | 29/58 | €199,761 | €143,615 | -€56,146 | -28.1% |
| Amounts receivable within one year | 40/41 | €56,262 | €39,008 | -€17,254 | -30.7% |
| Trade receivables | 40 | €56,262 | €39,008 | -€17,254 | -30.7% |
| Cash at bank and in hand | 54/58 | €142,955 | €103,695 | -€39,261 | -27.5% |
| Deferred charges and accrued income | 490/1 | €544 | €913 | +€369 | +67.8% |
| Total equity and liabilities | 10/49 | €203,561 | €177,306 | -€26,255 | -12.9% |
| Equity | 10/15 | €157,686 | €109,687 | -€47,999 | -30.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,686 | €99,687 | -€47,999 | -32.5% |
| Amounts payable | 17/49 | €45,875 | €67,619 | +€21,744 | +47.4% |
| Amounts payable after more than one year | 17 | €1,125 | - | -€1,125 | |
| Financial debts | 170/4 | €1,125 | - | -€1,125 | |
| Amounts payable within one year | 42/48 | €44,750 | €67,619 | +€22,869 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | €4,446 | €1,125 | -€3,321 | -74.7% |
| Trade debts | 44 | €902 | €8,516 | +€7,614 | +844% |
| Suppliers | 440/4 | €902 | €8,516 | +€7,614 | +844% |
| Taxes, remuneration and social security | 45 | €36,656 | €33,672 | -€2,984 | -8.1% |
| Taxes | 450/3 | €36,656 | €33,672 | -€2,984 | -8.1% |
| Other amounts payable | 47/48 | €2,745 | €24,305 | +€21,560 | +785% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,410 | €5,515 | -€896 | -14.0% |
| Other operating charges | 640/8 | €517 | €462 | -€56 | -10.8% |
| Gross operating margin | 9900 | €43,167 | €50,981 | +€7,814 | +18.1% |
| Operating profit (loss) | 9901 | €36,239 | €45,004 | +€8,765 | +24.2% |
| Financial charges | 65/66B | €291 | €255 | -€36 | -12.5% |
| Recurring financial charges | 65 | €291 | €255 | -€36 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €35,948 | €44,749 | +€8,802 | +24.5% |
| Income taxes | 67/77 | €11,404 | €10,395 | -€1,009 | -8.8% |
| Profit (loss) for the period | 9904 | €24,544 | €34,354 | +€9,811 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,544 | €34,354 | +€9,811 | +40.0% |
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 23 October 2026 via checked.be.