Capital 1: what changed
What changed
Capital 1
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€27,387
2024 · €631+€26,756
Equity
€501,019
2024 · €473,632+€27,387
Cash
€29,077
2024 · €35,296-€6,219
Balance sheet total
€1.8m
2024 · €2.0m-€116,330
Largest movements
Assets
- Tangible fixed assets -€115,799
down €115,799 (-7.6%), from €1.5m to €1.4m
of which Land and buildings: -€80,297
Equity and liabilities
- Debts after one year -€166,182
down €166,182 (-13.3%), from €1.3m to €1.1m
of which Financial debts: -€171,561
- Reserves +€27,387
up €27,387 (+6.0%), from €458,106 to €485,493
of which Distributable reserves: +€32,776
Income statement
- Other operating charges -€116,411
down €116,411 (-83.8%), from €138,835 to €22,424
- Taxes +€37,221
up €37,221 (+539%), from €6,904 to €44,126
- Gross operating margin -€31,312
down €31,312 (-9.8%), from €319,414 to €288,101
- Write-downs +€10,350
no longer reported in 2025 (was -€10,350)
- Financial income -€9,519
down €9,519 (-39.2%), from €24,274 to €14,754
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€631
Gross operating margin
-€31,312
Staff costs
-€208
Depreciation
-€56
Write-downs
-€10,350
Other operating charges
+€116,411
Other operating items
+€1,188
Financial income
-€9,519
Financial charges
-€2,176
Taxes
-€37,221
Result 2025
€27,387
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€167,212
Investment
-€11,441
Financing
-€161,990
Cash 2024
€35,296
From operations (derived)
+€167,212
Net result for the year
+€27,387
Depreciation
+€117,240
Receivables within one year
+€10,160
Deferred charges and accrued income
-€5,848
Provisions
-€1,347
Trade debts
+€13,369
Tax, wage and social debts
+€2,293
Accrued charges and deferred income
+€3,960
Investment (derived)
-€11,441
Investment in fixed assets (net)
-€1,441
Current investments
-€10,000
Financing
-€161,990
Debts after one year
-€166,182
Current portion of long-term debt
+€4,192
Cash 2025
€29,077
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,965,964 | €1,849,634 | -€116,330 | -5.9% |
| Fixed assets | 21/28 | €1,524,215 | €1,408,416 | -€115,799 | -7.6% |
| Tangible fixed assets | 22/27 | €1,524,198 | €1,408,399 | -€115,799 | -7.6% |
| Land and buildings | 22 | €1,381,228 | €1,300,931 | -€80,297 | -5.8% |
| Plant, machinery and equipment | 23 | €1,751 | €1,390 | -€360 | -20.6% |
| Furniture and vehicles | 24 | €4,945 | €5,322 | +€377 | +7.6% |
| Leasing and similar rights | 25 | €108,585 | €75,174 | -€33,411 | -30.8% |
| Other tangible fixed assets | 26 | €27,690 | €25,582 | -€2,109 | -7.6% |
| Financial fixed assets | 28 | €16 | €16 | = | 0.0% |
| Current assets | 29/58 | €441,750 | €441,219 | -€531 | -0.1% |
| Amounts receivable within one year | 40/41 | €36,860 | €26,700 | -€10,160 | -27.6% |
| Trade receivables | 40 | €33,463 | €22,883 | -€10,580 | -31.6% |
| Other amounts receivable | 41 | €3,397 | €3,818 | +€421 | +12.4% |
| Current investments | 50/53 | €350,000 | €360,000 | +€10,000 | +2.9% |
| Cash at bank and in hand | 54/58 | €35,296 | €29,077 | -€6,219 | -17.6% |
| Deferred charges and accrued income | 490/1 | €19,594 | €25,442 | +€5,848 | +29.8% |
| Total equity and liabilities | 10/49 | €1,965,964 | €1,849,634 | -€116,330 | -5.9% |
| Equity | 10/15 | €473,632 | €501,019 | +€27,387 | +5.8% |
| Contributions | 10/11 | €15,526 | €15,526 | = | 0.0% |
| Reserves | 13 | €458,106 | €485,493 | +€27,387 | +6.0% |
| Tax-exempt reserves | 132 | €92,422 | €87,032 | -€5,390 | -5.8% |
| Distributable reserves | 133 | €365,684 | €398,461 | +€32,776 | +9.0% |
| Provisions and deferred taxes | 16 | €22,396 | €21,049 | -€1,347 | -6.0% |
| Deferred taxes | 168 | €22,396 | €21,049 | -€1,347 | -6.0% |
| Amounts payable | 17/49 | €1,469,936 | €1,327,567 | -€142,369 | -9.7% |
| Amounts payable after more than one year | 17 | €1,252,649 | €1,086,467 | -€166,182 | -13.3% |
| Financial debts | 170/4 | €1,151,614 | €980,053 | -€171,561 | -14.9% |
| Other amounts payable | 178/9 | €101,036 | €106,414 | +€5,378 | +5.3% |
| Amounts payable within one year | 42/48 | €211,131 | €230,985 | +€19,854 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €142,369 | €146,561 | +€4,192 | +2.9% |
| Trade debts | 44 | €46,497 | €59,865 | +€13,369 | +28.8% |
| Suppliers | 440/4 | €46,497 | €59,865 | +€13,369 | +28.8% |
| Taxes, remuneration and social security | 45 | €22,266 | €24,558 | +€2,293 | +10.3% |
| Taxes | 450/3 | €15,104 | €14,242 | -€862 | -5.7% |
| Remuneration and social security | 454/9 | €7,162 | €10,316 | +€3,154 | +44.0% |
| Accrued charges and deferred income | 492/3 | €6,156 | €10,115 | +€3,960 | +64.3% |
| Remuneration, social security and pensions | 62 | €48,566 | €48,774 | +€208 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,184 | €117,240 | +€56 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,350 | - | +€10,350 | |
| Other operating charges | 640/8 | €138,835 | €22,424 | -€116,411 | -83.8% |
| Non-recurring operating charges | 66A | €1,188 | - | -€1,188 | |
| Gross operating margin | 9900 | €319,414 | €288,101 | -€31,312 | -9.8% |
| Operating profit (loss) | 9901 | €23,990 | €99,663 | +€75,673 | +315% |
| Financial income | 75/76B | €24,274 | €14,754 | -€9,519 | -39.2% |
| Recurring financial income | 75 | €24,274 | €14,754 | -€9,519 | -39.2% |
| Financial charges | 65/66B | €42,076 | €44,252 | +€2,176 | +5.2% |
| Recurring financial charges | 65 | €42,076 | €44,252 | +€2,176 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €6,188 | €70,165 | +€63,977 | +1,034% |
| Transfer from deferred taxes | 780 | €1,347 | €1,347 | = | 0.0% |
| Income taxes | 67/77 | €6,904 | €44,126 | +€37,221 | +539% |
| Profit (loss) for the period | 9904 | €631 | €27,387 | +€26,756 | +4,243% |
| Transfer from tax-exempt reserves | 789 | €5,390 | €5,390 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,020 | €32,776 | +€26,756 | +444% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.