Capital Estates: 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.
Capital Estates
Largest movements
- Cash +€27,211
up €27,211 (+60.5%), from €44,943 to €72,154
mainly Net result for the year (+€21,430) and Contributions, distributions and other (+€12,401)
- Receivables within one year +€2,602
up €2,602 (+1899.3%), from €137 to €2,739
of which Other amounts receivable: +€2,602
- Deferred charges and accrued income +€2,549
up €2,549 (+1113.1%), from €229 to €2,778
- Tangible fixed assets -€2,206
down €2,206 (-74.1%), from €2,978 to €772
- Reserves +€21,431
up €21,431 (+81.5%), from €26,297 to €47,728
of which Distributable reserves: +€21,431
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Tax, wage and social debts -€8,138
down €8,138 (-69.8%), from €11,661 to €3,523
of which Remuneration and social security: -€5,662
- Other debts +€3,515
up €3,515 (+151.2%), from €2,324 to €5,839
- Trade debts +€948
up €948 (+52.5%), from €1,805 to €2,753
- Gross operating margin +€28,169
up €28,169 (+654.6%), from €4,303 to €32,472
- Taxes +€4,869
up €4,869 (+136.9%), from €3,556 to €8,425
- Other operating charges -€1,026
no longer reported in 2024 (was €1,026)
- Depreciation -€414
down €414 (-15.8%), from €2,620 to €2,206
- Financial charges +€414
up €414 (+781.1%), from €53 to €467
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,287 | €78,443 | +€30,156 | +62.5% |
| Fixed assets | 21/28 | €2,978 | €772 | -€2,206 | -74.1% |
| Tangible fixed assets | 22/27 | €2,978 | €772 | -€2,206 | -74.1% |
| Furniture and vehicles | 24 | €2,978 | €772 | -€2,206 | -74.1% |
| Current assets | 29/58 | €45,309 | €77,671 | +€32,362 | +71.4% |
| Amounts receivable within one year | 40/41 | €137 | €2,739 | +€2,602 | +1899.3% |
| Trade receivables | 40 | €63 | €63 | = | 0.0% |
| Other amounts receivable | 41 | €74 | €2,676 | +€2,602 | +3516.2% |
| Cash at bank and in hand | 54/58 | €44,943 | €72,154 | +€27,211 | +60.5% |
| Deferred charges and accrued income | 490/1 | €229 | €2,778 | +€2,549 | +1113.1% |
| Total equity and liabilities | 10/49 | €48,287 | €78,443 | +€30,156 | +62.5% |
| Equity | 10/15 | €32,497 | €66,328 | +€33,831 | +104.1% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €26,297 | €47,728 | +€21,431 | +81.5% |
| 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 | €24,437 | €45,868 | +€21,431 | +87.7% |
| Amounts payable | 17/49 | €15,790 | €12,115 | -€3,675 | -23.3% |
| Amounts payable within one year | 42/48 | €15,790 | €12,115 | -€3,675 | -23.3% |
| Trade debts | 44 | €1,805 | €2,753 | +€948 | +52.5% |
| Suppliers | 440/4 | €1,805 | €2,753 | +€948 | +52.5% |
| Taxes, remuneration and social security | 45 | €11,661 | €3,523 | -€8,138 | -69.8% |
| Taxes | 450/3 | €5,999 | €3,523 | -€2,476 | -41.3% |
| Remuneration and social security | 454/9 | €5,662 | - | -€5,662 | |
| Other amounts payable | 47/48 | €2,324 | €5,839 | +€3,515 | +151.2% |
| Non-recurring operating income | 76A | - | €24,344 | +€24,344 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,620 | €2,206 | -€414 | -15.8% |
| Other operating charges | 640/8 | €1,026 | - | -€1,026 | |
| Gross operating margin | 9900 | €4,303 | €32,472 | +€28,169 | +654.6% |
| Operating profit (loss) | 9901 | €657 | €30,266 | +€29,609 | +4506.7% |
| Financial income | 75/76B | €79 | €56 | -€23 | -29.1% |
| Recurring financial income | 75 | €79 | €56 | -€23 | -29.1% |
| Financial charges | 65/66B | €53 | €467 | +€414 | +781.1% |
| Recurring financial charges | 65 | €53 | €467 | +€414 | +781.1% |
| Profit (loss) for the period before taxes | 9903 | €683 | €29,855 | +€29,172 | +4271.2% |
| Income taxes | 67/77 | €3,556 | €8,425 | +€4,869 | +136.9% |
| Profit (loss) for the period | 9904 | -€2,873 | €21,430 | +€24,303 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,873 | €21,430 | +€24,303 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.