CAPITIS: 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.
CAPITIS
Largest movements
- Current investments -€179,950
no longer reported in 2025 (was €179,950)
- Cash +€139,736
new in 2025: €139,736
mainly Current investments (+€179,950) and Other debts (+€118,842)
- Receivables within one year +€69,555
up €69,555 (+184%), from €37,787 to €107,342
of which Trade receivables: +€71,904
- Other debts +€118,842
up €118,842 (+94.3%), from €125,994 to €244,836
- Reserves -€63,522
down €63,522 (-33.1%), from €192,000 to €128,478
- Tax, wage and social debts -€23,762
down €23,762 (-64.4%), from €36,900 to €13,138
of which Taxes: -€16,141
- Debts after one year -€13,847
down €13,847 (-6.4%), from €214,729 to €200,882
- Gross operating margin -€79,102
down €79,102 (-46.3%), from €170,973 to €91,871
- Taxes -€22,443
down €22,443 (-60.7%), from €36,963 to €14,520
- Other operating charges +€8,706
up €8,706 (+109%), from €7,955 to €16,661
- Staff costs -€7,608
down €7,608 (-75.7%), from €10,054 to €2,446
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.
Derived cash bridge
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 | €971,094 | €991,089 | +€19,995 | +2.1% |
| Fixed assets | 21/28 | €752,923 | €743,743 | -€9,180 | -1.2% |
| Tangible fixed assets | 22/27 | €255,013 | €245,833 | -€9,180 | -3.6% |
| Land and buildings | 22 | €253,945 | €241,914 | -€12,031 | -4.7% |
| Furniture and vehicles | 24 | €1,068 | €3,919 | +€2,851 | +267% |
| Financial fixed assets | 28 | €497,910 | €497,910 | +€0 | 0.0% |
| Current assets | 29/58 | €218,171 | €247,346 | +€29,175 | +13.4% |
| Amounts receivable within one year | 40/41 | €37,787 | €107,342 | +€69,555 | +184% |
| Trade receivables | 40 | €27,038 | €98,942 | +€71,904 | +266% |
| Other amounts receivable | 41 | €10,749 | €8,400 | -€2,349 | -21.9% |
| Current investments | 50/53 | €179,950 | - | -€179,950 | |
| Cash at bank and in hand | 54/58 | - | €139,736 | +€139,736 | |
| Deferred charges and accrued income | 490/1 | €434 | €268 | -€166 | -38.2% |
| Total equity and liabilities | 10/49 | €971,094 | €991,089 | +€19,995 | +2.1% |
| Equity | 10/15 | €578,466 | €514,944 | -€63,522 | -11.0% |
| Contributions | 10/11 | €88,000 | €88,000 | = | 0.0% |
| Reserves | 13 | €192,000 | €128,478 | -€63,522 | -33.1% |
| Distributable reserves | 133 | €192,000 | €128,478 | -€63,522 | -33.1% |
| Profit (loss) carried forward | 14 | €298,466 | €298,466 | = | 0.0% |
| Amounts payable | 17/49 | €392,628 | €476,145 | +€83,517 | +21.3% |
| Amounts payable after more than one year | 17 | €214,729 | €200,882 | -€13,847 | -6.4% |
| Financial debts | 170/4 | €214,729 | €200,882 | -€13,847 | -6.4% |
| Amounts payable within one year | 42/48 | €177,899 | €275,262 | +€97,363 | +54.7% |
| Current portion of amounts payable after more than one year | 42 | €13,301 | €13,847 | +€546 | +4.1% |
| Trade debts | 44 | €1,704 | €3,442 | +€1,738 | +102% |
| Suppliers | 440/4 | €1,704 | €3,442 | +€1,738 | +102% |
| Taxes, remuneration and social security | 45 | €36,900 | €13,138 | -€23,762 | -64.4% |
| Taxes | 450/3 | €29,279 | €13,138 | -€16,141 | -55.1% |
| Remuneration and social security | 454/9 | €7,621 | - | -€7,621 | |
| Other amounts payable | 47/48 | €125,994 | €244,836 | +€118,842 | +94.3% |
| Remuneration, social security and pensions | 62 | €10,054 | €2,446 | -€7,608 | -75.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,717 | €13,163 | -€554 | -4.0% |
| Other operating charges | 640/8 | €7,955 | €16,661 | +€8,706 | +109% |
| Gross operating margin | 9900 | €170,973 | €91,871 | -€79,102 | -46.3% |
| Operating profit (loss) | 9901 | €139,247 | €59,601 | -€79,646 | -57.2% |
| Financial income | 75/76B | €24 | €648 | +€624 | +2,602% |
| Recurring financial income | 75 | €24 | €648 | +€624 | +2,602% |
| Financial charges | 65/66B | €10,137 | €9,251 | -€886 | -8.7% |
| Recurring financial charges | 65 | €10,137 | €9,251 | -€886 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €129,134 | €50,999 | -€78,135 | -60.5% |
| Income taxes | 67/77 | €36,963 | €14,520 | -€22,443 | -60.7% |
| Profit (loss) for the period | 9904 | €92,171 | €36,478 | -€55,693 | -60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €92,171 | €36,478 | -€55,693 | -60.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.