CAPIFIN: 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.
CAPIFIN
Largest movements
- Tangible fixed assets -€4,317
down €4,317 (-9.0%), from €47,937 to €43,620
of which Furniture and vehicles: -€3,000
- Reserves -€6,611
down €6,611 (-4.3%), from €151,983 to €145,372
of which Distributable reserves: -€6,611
- Trade debts +€3,923
up €3,923 (+26.4%), from €14,869 to €18,793
- Tax, wage and social debts -€2,950
down €2,950 (-32.7%), from €9,018 to €6,068
- Gross operating margin -€52,789
down €52,789, from €48,280 to -€4,509
- Taxes -€14,604
down €14,604 (-99.3%), from €14,704 to €100
- Financial income -€2,325
down €2,325 (-45.2%), from €5,146 to €2,821
of which Non-recurring financial income: -€2,350
- Depreciation +€1,673
up €1,673 (+63.2%), from €2,645 to €4,317
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 | €194,470 | €188,832 | -€5,638 | -2.9% |
| Fixed assets | 21/28 | €49,287 | €44,970 | -€4,317 | -8.8% |
| Tangible fixed assets | 22/27 | €47,937 | €43,620 | -€4,317 | -9.0% |
| Land and buildings | 22 | €34,187 | €32,870 | -€1,317 | -3.9% |
| Furniture and vehicles | 24 | €13,750 | €10,750 | -€3,000 | -21.8% |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €145,183 | €143,863 | -€1,320 | -0.9% |
| Amounts receivable after more than one year | 29 | €142,605 | €143,858 | +€1,253 | +0.9% |
| Other amounts receivable | 291 | €142,605 | €143,858 | +€1,253 | +0.9% |
| Amounts receivable within one year | 40/41 | €734 | - | -€734 | |
| Other amounts receivable | 41 | €734 | - | -€734 | |
| Cash at bank and in hand | 54/58 | €1,844 | €4 | -€1,840 | -99.8% |
| Total equity and liabilities | 10/49 | €194,470 | €188,832 | -€5,638 | -2.9% |
| Equity | 10/15 | €170,583 | €163,972 | -€6,611 | -3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €151,983 | €145,372 | -€6,611 | -4.3% |
| 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 | €150,123 | €143,512 | -€6,611 | -4.4% |
| Amounts payable | 17/49 | €23,887 | €24,860 | +€973 | +4.1% |
| Amounts payable within one year | 42/48 | €23,887 | €24,860 | +€973 | +4.1% |
| Trade debts | 44 | €14,869 | €18,793 | +€3,923 | +26.4% |
| Suppliers | 440/4 | €14,869 | €18,793 | +€3,923 | +26.4% |
| Taxes, remuneration and social security | 45 | €9,018 | €6,068 | -€2,950 | -32.7% |
| Taxes | 450/3 | €9,018 | €6,068 | -€2,950 | -32.7% |
| Non-recurring operating income | 76A | €43,000 | - | -€43,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,645 | €4,317 | +€1,673 | +63.2% |
| Other operating charges | 640/8 | €408 | €431 | +€23 | +5.6% |
| Gross operating margin | 9900 | €48,280 | -€4,509 | -€52,789 | |
| Operating profit (loss) | 9901 | €45,227 | -€9,257 | -€54,484 | |
| Financial income | 75/76B | €5,146 | €2,821 | -€2,325 | -45.2% |
| Recurring financial income | 75 | €2,796 | €2,821 | +€25 | +0.9% |
| Non-recurring financial income | 76B | €2,350 | - | -€2,350 | |
| Financial charges | 65/66B | €83 | €75 | -€8 | -9.4% |
| Recurring financial charges | 65 | €83 | €75 | -€8 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €50,290 | -€6,511 | -€56,801 | |
| Income taxes | 67/77 | €14,704 | €100 | -€14,604 | -99.3% |
| Profit (loss) for the period | 9904 | €35,587 | -€6,611 | -€42,198 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,587 | -€6,611 | -€42,198 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.