CAPindus: 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.
CAPindus
Largest movements
- Cash -€372,863
down €372,863 (-60.3%), from €618,157 to €245,294
mainly Trade debts (-€373,950) and Advances received (-€159,497)
- Receivables within one year -€233,071
down €233,071 (-28.8%), from €808,435 to €575,364
of which Trade receivables: -€193,786
- Stocks and contracts +€139,038
up €139,038 (+125.9%), from €110,430 to €249,468
of which Stocks: +€125,776
- Tangible fixed assets +€46,379
up €46,379 (+24.0%), from €193,036 to €239,415
of which Furniture and vehicles: +€43,515
- Trade debts -€373,950
down €373,950 (-68.6%), from €544,827 to €170,877
- Advances received -€159,497
down €159,497 (-54.7%), from €291,624 to €132,127
- Short-term financial debts +€99,126
up €99,126 (+651.2%), from €15,223 to €114,349
- Gross operating margin -€249,848
down €249,848 (-17.8%), from €1.4m to €1.2m
- Taxes -€60,040
down €60,040 (-83.7%), from €71,745 to €11,705
- Staff costs -€22,346
down €22,346 (-2.1%), from €1.1m to €1.0m
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 | €1,785,017 | €1,356,986 | -€428,031 | -24.0% |
| Fixed assets | 21/28 | €193,116 | €239,415 | +€46,299 | +24.0% |
| Tangible fixed assets | 22/27 | €193,036 | €239,415 | +€46,379 | +24.0% |
| Plant, machinery and equipment | 23 | €11,032 | €8,133 | -€2,899 | -26.3% |
| Furniture and vehicles | 24 | €159,146 | €202,660 | +€43,515 | +27.3% |
| Other tangible fixed assets | 26 | €22,858 | €28,622 | +€5,764 | +25.2% |
| Financial fixed assets | 28 | €80 | - | -€80 | |
| Current assets | 29/58 | €1,591,901 | €1,117,571 | -€474,330 | -29.8% |
| Stocks and contracts in progress | 3 | €110,430 | €249,468 | +€139,038 | +125.9% |
| Stocks | 30/36 | €79,813 | €205,589 | +€125,776 | +157.6% |
| Contracts in progress | 37 | €30,617 | €43,879 | +€13,262 | +43.3% |
| Amounts receivable within one year | 40/41 | €808,435 | €575,364 | -€233,071 | -28.8% |
| Trade receivables | 40 | €661,395 | €467,609 | -€193,786 | -29.3% |
| Other amounts receivable | 41 | €147,040 | €107,755 | -€39,285 | -26.7% |
| Cash at bank and in hand | 54/58 | €618,157 | €245,294 | -€372,863 | -60.3% |
| Deferred charges and accrued income | 490/1 | €54,880 | €47,445 | -€7,435 | -13.5% |
| Total equity and liabilities | 10/49 | €1,785,017 | €1,356,986 | -€428,031 | -24.0% |
| Equity | 10/15 | €545,868 | €554,531 | +€8,663 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €527,268 | €535,931 | +€8,663 | +1.6% |
| 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 | €525,408 | €534,071 | +€8,663 | +1.6% |
| Amounts payable | 17/49 | €1,239,148 | €802,455 | -€436,694 | -35.2% |
| Amounts payable after more than one year | 17 | €200,405 | €189,060 | -€11,344 | -5.7% |
| Financial debts | 170/4 | €200,405 | €189,060 | -€11,344 | -5.7% |
| Amounts payable within one year | 42/48 | €1,037,318 | €604,090 | -€433,228 | -41.8% |
| Current portion of amounts payable after more than one year | 42 | €78,316 | €80,613 | +€2,298 | +2.9% |
| Financial debts | 43 | €15,223 | €114,349 | +€99,126 | +651.2% |
| Credit institutions | 430/8 | €15,223 | €114,349 | +€99,126 | +651.2% |
| Trade debts | 44 | €544,827 | €170,877 | -€373,950 | -68.6% |
| Suppliers | 440/4 | €544,827 | €170,877 | -€373,950 | -68.6% |
| Advances received on contracts in progress | 46 | €291,624 | €132,127 | -€159,497 | -54.7% |
| Taxes, remuneration and social security | 45 | €105,260 | €105,599 | +€339 | +0.3% |
| Taxes | 450/3 | €17,705 | €13,307 | -€4,398 | -24.8% |
| Remuneration and social security | 454/9 | €87,555 | €92,292 | +€4,737 | +5.4% |
| Other amounts payable | 47/48 | €2,068 | €525 | -€1,543 | -74.6% |
| Accrued charges and deferred income | 492/3 | €1,425 | €9,304 | +€7,879 | +552.9% |
| Remuneration, social security and pensions | 62 | €1,065,710 | €1,043,365 | -€22,346 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,799 | €57,837 | +€12,039 | +26.3% |
| Other operating charges | 640/8 | €11,133 | €5,869 | -€5,264 | -47.3% |
| Gross operating margin | 9900 | €1,400,348 | €1,150,500 | -€249,848 | -17.8% |
| Operating profit (loss) | 9901 | €277,706 | €43,429 | -€234,277 | -84.4% |
| Financial income | 75/76B | €371 | €175 | -€196 | -52.9% |
| Recurring financial income | 75 | €371 | €175 | -€196 | -52.9% |
| Financial charges | 65/66B | €17,838 | €23,236 | +€5,399 | +30.3% |
| Recurring financial charges | 65 | €17,838 | €23,236 | +€5,399 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | €260,240 | €20,367 | -€239,872 | -92.2% |
| Income taxes | 67/77 | €71,745 | €11,705 | -€60,040 | -83.7% |
| Profit (loss) for the period | 9904 | €188,495 | €8,663 | -€179,832 | -95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €188,495 | €8,663 | -€179,832 | -95.4% |
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.