CAPITALIS: 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.
CAPITALIS
Largest movements
- Stocks and contracts -€1.0m
down €1.0m (-59.7%), from €1.7m to €683,399
- Cash +€181,726
up €181,726 (+1155.8%), from €15,722 to €197,449
mainly Stocks and contracts (+€1.0m) and Net result for the year (+€117,772)
- Tangible fixed assets -€19,528
down €19,528 (-100.0%), from €19,528 to €0
of which Other tangible fixed assets: -€19,528
- Current portion of long-term debt -€600,377
down €600,377 (-53.6%), from €1.1m to €520,075
- Other debts -€411,625
down €411,625 (-98.7%), from €417,093 to €5,468
- Reserves +€117,772
up €117,772 (+39.8%), from €296,217 to €413,989
of which Distributable reserves: +€117,772
- Tax, wage and social debts +€26,841
up €26,841 (+129.5%), from €20,720 to €47,561
- Financial charges -€49,302
down €49,302 (-50.6%), from €97,424 to €48,122
- Gross operating margin +€46,932
up €46,932 (+26.4%), from €177,959 to €224,891
- Taxes +€27,148
up €27,148 (+136.9%), from €19,824 to €46,972
- Other operating charges -€4,819
down €4,819 (-35.5%), from €13,573 to €8,754
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 | €1,879,342 | €1,008,645 | -€870,697 | -46.3% |
| Fixed assets | 21/28 | €19,528 | €0 | -€19,528 | -100.0% |
| Tangible fixed assets | 22/27 | €19,528 | €0 | -€19,528 | -100.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €19,528 | €0 | -€19,528 | -100.0% |
| Current assets | 29/58 | €1,859,814 | €1,008,645 | -€851,169 | -45.8% |
| Stocks and contracts in progress | 3 | €1,693,824 | €683,399 | -€1.0m | -59.7% |
| Stocks | 30/36 | €1,693,824 | €683,399 | -€1.0m | -59.7% |
| Amounts receivable within one year | 40/41 | €138,500 | €125,506 | -€12,995 | -9.4% |
| Trade receivables | 40 | €125,311 | €124,000 | -€1,311 | -1.0% |
| Other amounts receivable | 41 | €13,189 | €1,506 | -€11,683 | -88.6% |
| Cash at bank and in hand | 54/58 | €15,722 | €197,449 | +€181,726 | +1155.8% |
| Deferred charges and accrued income | 490/1 | €11,767 | €2,292 | -€9,475 | -80.5% |
| Total equity and liabilities | 10/49 | €1,879,342 | €1,008,645 | -€870,697 | -46.3% |
| Equity | 10/15 | €316,622 | €434,394 | +€117,772 | +37.2% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €296,217 | €413,989 | +€117,772 | +39.8% |
| Tax-exempt reserves | 132 | €275 | €275 | = | 0.0% |
| Distributable reserves | 133 | €295,942 | €413,715 | +€117,772 | +39.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,562,720 | €574,251 | -€988,469 | -63.3% |
| Amounts payable within one year | 42/48 | €1,562,720 | €574,251 | -€988,469 | -63.3% |
| Current portion of amounts payable after more than one year | 42 | €1,120,452 | €520,075 | -€600,377 | -53.6% |
| Trade debts | 44 | €4,455 | €1,147 | -€3,308 | -74.3% |
| Suppliers | 440/4 | €4,455 | €1,147 | -€3,308 | -74.3% |
| Taxes, remuneration and social security | 45 | €20,720 | €47,561 | +€26,841 | +129.5% |
| Taxes | 450/3 | €20,720 | €47,561 | +€26,841 | +129.5% |
| Other amounts payable | 47/48 | €417,093 | €5,468 | -€411,625 | -98.7% |
| Remuneration, social security and pensions | 62 | €1,484 | €3,271 | +€1,788 | +120.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €234 | €0 | -€234 | -100.0% |
| Other operating charges | 640/8 | €13,573 | €8,754 | -€4,819 | -35.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €177,959 | €224,891 | +€46,932 | +26.4% |
| Operating profit (loss) | 9901 | €162,669 | €212,866 | +€50,197 | +30.9% |
| Financial income | 75/76B | €39 | €0 | -€39 | -100.0% |
| Recurring financial income | 75 | €39 | €0 | -€39 | -100.0% |
| Financial charges | 65/66B | €97,424 | €48,122 | -€49,302 | -50.6% |
| Recurring financial charges | 65 | €97,424 | €48,122 | -€49,302 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | €65,284 | €164,744 | +€99,460 | +152.4% |
| Income taxes | 67/77 | €19,824 | €46,972 | +€27,148 | +136.9% |
| Profit (loss) for the period | 9904 | €45,459 | €117,772 | +€72,313 | +159.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,459 | €117,772 | +€72,313 | +159.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.