CAPITAL ONE: 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.
CAPITAL ONE
Largest movements
- Cash -€216,324
down €216,324 (-37.8%), from €572,038 to €355,713
mainly Current investments (-€212,471) and Accrued charges and deferred income (-€40,100)
- Current investments +€212,471
up €212,471 (+54.8%), from €387,904 to €600,375
- Accrued charges and deferred income -€40,100
down €40,100 (-100.0%), from €40,100 to €0
- Profit (loss) carried forward +€22,959
up €22,959 (+5.1%), from €451,696 to €474,656
- Financial charges -€248,823
down €248,823 (-60.7%), from €409,908 to €161,085
- Financial income -€191,901
down €191,901 (-54.7%), from €351,033 to €159,132
- Gross operating margin -€154,088
down €154,088 (-74.5%), from €206,933 to €52,844
- Taxes -€16,735
down €16,735 (-60.3%), from €27,758 to €11,024
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 | €1,469,268 | €1,443,304 | -€25,964 | -1.8% |
| Fixed assets | 21/28 | €478,581 | €464,374 | -€14,207 | -3.0% |
| Tangible fixed assets | 22/27 | €478,581 | €464,374 | -€14,207 | -3.0% |
| Land and buildings | 22 | €478,231 | €464,374 | -€13,857 | -2.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €350 | €0 | -€350 | -100.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €990,687 | €978,930 | -€11,757 | -1.2% |
| Amounts receivable within one year | 40/41 | €24,039 | €18,188 | -€5,851 | -24.3% |
| Trade receivables | 40 | €7,930 | €15,748 | +€7,818 | +98.6% |
| Other amounts receivable | 41 | €16,109 | €2,440 | -€13,669 | -84.9% |
| Current investments | 50/53 | €387,904 | €600,375 | +€212,471 | +54.8% |
| Cash at bank and in hand | 54/58 | €572,038 | €355,713 | -€216,324 | -37.8% |
| Deferred charges and accrued income | 490/1 | €6,707 | €4,654 | -€2,052 | -30.6% |
| Total equity and liabilities | 10/49 | €1,469,268 | €1,443,304 | -€25,964 | -1.8% |
| Equity | 10/15 | €873,620 | €895,818 | +€22,198 | +2.5% |
| Contributions | 10/11 | €286,000 | €286,000 | = | 0.0% |
| Reserves | 13 | €135,923 | €135,162 | -€761 | -0.6% |
| Tax-exempt reserves | 132 | €16,763 | €16,002 | -€761 | -4.5% |
| Distributable reserves | 133 | €119,160 | €119,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | €451,696 | €474,656 | +€22,959 | +5.1% |
| Provisions and deferred taxes | 16 | €5,588 | €5,334 | -€254 | -4.5% |
| Deferred taxes | 168 | €5,588 | €5,334 | -€254 | -4.5% |
| Amounts payable | 17/49 | €590,061 | €542,152 | -€47,909 | -8.1% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 170/4 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €49,961 | €42,152 | -€7,809 | -15.6% |
| Trade debts | 44 | €4,548 | €3,338 | -€1,210 | -26.6% |
| Suppliers | 440/4 | €4,548 | €3,338 | -€1,210 | -26.6% |
| Taxes, remuneration and social security | 45 | €3,013 | €6,620 | +€3,607 | +119.7% |
| Taxes | 450/3 | €3,013 | €6,620 | +€3,607 | +119.7% |
| Other amounts payable | 47/48 | €42,400 | €32,195 | -€10,205 | -24.1% |
| Accrued charges and deferred income | 492/3 | €40,100 | €0 | -€40,100 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,541 | €14,207 | -€334 | -2.3% |
| Other operating charges | 640/8 | €3,394 | €3,716 | +€322 | +9.5% |
| Gross operating margin | 9900 | €206,933 | €52,844 | -€154,088 | -74.5% |
| Operating profit (loss) | 9901 | €188,998 | €34,922 | -€154,076 | -81.5% |
| Financial income | 75/76B | €351,033 | €159,132 | -€191,901 | -54.7% |
| Recurring financial income | 75 | €351,033 | €159,132 | -€191,901 | -54.7% |
| Financial charges | 65/66B | €409,908 | €161,085 | -€248,823 | -60.7% |
| Recurring financial charges | 65 | €409,908 | €161,085 | -€248,823 | -60.7% |
| Profit (loss) for the period before taxes | 9903 | €130,122 | €32,968 | -€97,154 | -74.7% |
| Transfer from deferred taxes | 780 | €254 | €254 | = | 0.0% |
| Income taxes | 67/77 | €27,758 | €11,024 | -€16,735 | -60.3% |
| Profit (loss) for the period | 9904 | €102,618 | €22,198 | -€80,419 | -78.4% |
| Transfer from tax-exempt reserves | 789 | €761 | €761 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €103,378 | €22,959 | -€80,419 | -77.8% |
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.