CAPIMANO: 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.
CAPIMANO
Largest movements
- Tangible fixed assets -€36,839
down €36,839 (-5.8%), from €634,677 to €597,838
of which Furniture and vehicles: -€19,122
- Other debts +€57,500
up €57,500 (+28.8%), from €199,324 to €256,824
- Debts after one year -€48,248
down €48,248 (-20.5%), from €234,958 to €186,710
- Profit (loss) carried forward -€27,016
down €27,016 (-48.4%), from €55,851 to €28,835
- Gross operating margin -€28,228
down €28,228 (-54.7%), from €51,618 to €23,390
- Financial charges -€10,651
down €10,651 (-39.1%), from €27,250 to €16,599
- Taxes -€2,150
down €2,150 (-90.3%), from €2,381 to €231
- Depreciation +€1,747
up €1,747 (+5.0%), from €35,092 to €36,839
- Other operating charges +€1,043
up €1,043 (+61.6%), from €1,694 to €2,737
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 | €1,256,099 | €1,229,413 | -€26,686 | -2.1% |
| Fixed assets | 21/28 | €636,277 | €599,438 | -€36,839 | -5.8% |
| Tangible fixed assets | 22/27 | €634,677 | €597,838 | -€36,839 | -5.8% |
| Land and buildings | 22 | €496,002 | €490,872 | -€5,130 | -1.0% |
| Plant, machinery and equipment | 23 | €72,368 | €59,781 | -€12,587 | -17.4% |
| Furniture and vehicles | 24 | €66,307 | €47,185 | -€19,122 | -28.8% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €619,822 | €629,975 | +€10,153 | +1.6% |
| Amounts receivable within one year | 40/41 | €612,552 | €620,305 | +€7,753 | +1.3% |
| Trade receivables | 40 | €12,784 | €7,543 | -€5,241 | -41.0% |
| Other amounts receivable | 41 | €599,768 | €612,762 | +€12,994 | +2.2% |
| Cash at bank and in hand | 54/58 | €5,292 | €7,733 | +€2,441 | +46.1% |
| Deferred charges and accrued income | 490/1 | €1,978 | €1,937 | -€41 | -2.1% |
| Total equity and liabilities | 10/49 | €1,256,099 | €1,229,413 | -€26,686 | -2.1% |
| Equity | 10/15 | €606,699 | €579,683 | -€27,016 | -4.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €538,448 | €538,448 | = | 0.0% |
| 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 | €536,588 | €536,588 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,851 | €28,835 | -€27,016 | -48.4% |
| Amounts payable | 17/49 | €649,400 | €649,730 | +€330 | +0.1% |
| Amounts payable after more than one year | 17 | €234,958 | €186,710 | -€48,248 | -20.5% |
| Financial debts | 170/4 | €234,958 | €186,710 | -€48,248 | -20.5% |
| Amounts payable within one year | 42/48 | €414,442 | €463,020 | +€48,578 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €193,688 | €187,447 | -€6,241 | -3.2% |
| Trade debts | 44 | €6,235 | €6,238 | +€3 | 0.0% |
| Suppliers | 440/4 | €6,235 | €6,238 | +€3 | 0.0% |
| Taxes, remuneration and social security | 45 | €15,195 | €12,511 | -€2,684 | -17.7% |
| Taxes | 450/3 | €11,775 | €8,734 | -€3,041 | -25.8% |
| Remuneration and social security | 454/9 | €3,420 | €3,777 | +€357 | +10.4% |
| Other amounts payable | 47/48 | €199,324 | €256,824 | +€57,500 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,092 | €36,839 | +€1,747 | +5.0% |
| Other operating charges | 640/8 | €1,694 | €2,737 | +€1,043 | +61.6% |
| Gross operating margin | 9900 | €51,618 | €23,390 | -€28,228 | -54.7% |
| Operating profit (loss) | 9901 | €14,832 | -€16,186 | -€31,018 | |
| Financial income | 75/76B | €5,500 | €6,000 | +€500 | +9.1% |
| Recurring financial income | 75 | €5,500 | €6,000 | +€500 | +9.1% |
| Financial charges | 65/66B | €27,250 | €16,599 | -€10,651 | -39.1% |
| Recurring financial charges | 65 | €27,250 | €16,599 | -€10,651 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,918 | -€26,785 | -€19,867 | -287.2% |
| Income taxes | 67/77 | €2,381 | €231 | -€2,150 | -90.3% |
| Profit (loss) for the period | 9904 | -€9,299 | -€27,016 | -€17,717 | -190.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,299 | -€27,016 | -€17,717 | -190.5% |
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 7 October 2026 via checked.be.