CAPIRO: 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.
CAPIRO
Largest movements
- Tangible fixed assets -€15,721
down €15,721 (-11.0%), from €143,086 to €127,364
of which Land and buildings: -€10,110
- Profit (loss) carried forward -€18,150
down €18,150 (-75.5%), from -€24,028 to -€42,178
- Financial charges -€23,316
down €23,316 (-70.1%), from €33,252 to €9,936
- Depreciation -€13,946
down €13,946 (-47.0%), from €29,668 to €15,721
- Gross operating margin -€1,463
down €1,463 (-10.8%), from €13,602 to €12,139
- Other operating charges +€740
up €740 (+20.8%), from €3,562 to €4,302
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 | €144,165 | €128,789 | -€15,376 | -10.7% |
| Fixed assets | 21/28 | €143,086 | €127,364 | -€15,721 | -11.0% |
| Tangible fixed assets | 22/27 | €143,086 | €127,364 | -€15,721 | -11.0% |
| Land and buildings | 22 | €137,474 | €127,364 | -€10,110 | -7.4% |
| Furniture and vehicles | 24 | €5,611 | €0 | -€5,611 | -100.0% |
| Current assets | 29/58 | €1,079 | €1,424 | +€345 | +32.0% |
| Amounts receivable within one year | 40/41 | €150 | €150 | = | 0.0% |
| Other amounts receivable | 41 | €150 | €150 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €726 | €337 | -€389 | -53.6% |
| Deferred charges and accrued income | 490/1 | €203 | €937 | +€734 | +362.2% |
| Total equity and liabilities | 10/49 | €144,165 | €128,789 | -€15,376 | -10.7% |
| Equity | 10/15 | -€5,428 | -€23,578 | -€18,150 | -334.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€24,028 | -€42,178 | -€18,150 | -75.5% |
| Amounts payable | 17/49 | €149,593 | €152,367 | +€2,774 | +1.9% |
| Amounts payable within one year | 42/48 | €137,771 | €140,053 | +€2,282 | +1.7% |
| Trade debts | 44 | €3,651 | €4,497 | +€846 | +23.2% |
| Suppliers | 440/4 | €3,651 | €4,497 | +€846 | +23.2% |
| Taxes, remuneration and social security | 45 | €353 | €707 | +€353 | +100.1% |
| Taxes | 450/3 | €353 | €707 | +€353 | +100.1% |
| Other amounts payable | 47/48 | €133,767 | €134,850 | +€1,083 | +0.8% |
| Accrued charges and deferred income | 492/3 | €11,822 | €12,314 | +€492 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,668 | €15,721 | -€13,946 | -47.0% |
| Other operating charges | 640/8 | €3,562 | €4,302 | +€740 | +20.8% |
| Gross operating margin | 9900 | €13,602 | €12,139 | -€1,463 | -10.8% |
| Operating profit (loss) | 9901 | -€19,628 | -€7,884 | +€11,743 | +59.8% |
| Financial income | 75/76B | €1 | €24 | +€23 | +3592.3% |
| Recurring financial income | 75 | €1 | €24 | +€23 | +3592.3% |
| Financial charges | 65/66B | €33,252 | €9,936 | -€23,316 | -70.1% |
| Recurring financial charges | 65 | €33,252 | €9,936 | -€23,316 | -70.1% |
| Profit (loss) for the period before taxes | 9903 | -€52,879 | -€17,796 | +€35,082 | +66.3% |
| Income taxes | 67/77 | €353 | €353 | +€0 | +0.1% |
| Profit (loss) for the period | 9904 | -€53,232 | -€18,150 | +€35,082 | +65.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,232 | -€18,150 | +€35,082 | +65.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.