CAPITOL GROUP: 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.
CAPITOL GROUP
Largest movements
- Tangible fixed assets -€4,312
down €4,312 (-25.8%), from €16,683 to €12,371
- Receivables within one year -€3,118
down €3,118 (-40.9%), from €7,623 to €4,505
- Cash -€1,620
down €1,620 (-67.3%), from €2,406 to €786
mainly Net result for the year (-€9,425) and Trade debts (-€3,339)
- Financial fixed assets -€500
down €500 (-64.9%), from €770 to €270
- Profit (loss) carried forward -€9,425
down €9,425 (-30.7%), from -€30,738 to -€40,163
- Trade debts -€3,339
no longer reported in 2025 (was €3,339)
- Other debts +€1,632
up €1,632 (+4.9%), from €33,120 to €34,752
- Tax, wage and social debts +€1,342
up €1,342 (+87.1%), from €1,540 to €2,883
- Gross operating margin -€9,083
down €9,083 (-44.6%), from €20,351 to €11,268
- Staff costs +€1,907
up €1,907 (+11.7%), from €16,272 to €18,179
- Other operating charges +€858
new in 2025: €858
- Taxes +€660
up €660 (+28577.9%), from €2 to €662
- Depreciation -€388
down €388 (-8.3%), from €4,700 to €4,312
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 | €27,722 | €17,932 | -€9,790 | -35.3% |
| Fixed assets | 21/28 | €17,453 | €12,641 | -€4,812 | -27.6% |
| Tangible fixed assets | 22/27 | €16,683 | €12,371 | -€4,312 | -25.8% |
| Plant, machinery and equipment | 23 | €16,683 | €12,371 | -€4,312 | -25.8% |
| Financial fixed assets | 28 | €770 | €270 | -€500 | -64.9% |
| Current assets | 29/58 | €10,269 | €5,291 | -€4,978 | -48.5% |
| Amounts receivable within one year | 40/41 | €7,623 | €4,505 | -€3,118 | -40.9% |
| Trade receivables | 40 | €7,623 | €4,505 | -€3,118 | -40.9% |
| Cash at bank and in hand | 54/58 | €2,406 | €786 | -€1,620 | -67.3% |
| Deferred charges and accrued income | 490/1 | €240 | - | -€240 | |
| Total equity and liabilities | 10/49 | €27,722 | €17,932 | -€9,790 | -35.3% |
| Equity | 10/15 | -€10,278 | -€19,703 | -€9,425 | -91.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,738 | -€40,163 | -€9,425 | -30.7% |
| Amounts payable | 17/49 | €38,000 | €37,635 | -€365 | -1.0% |
| Amounts payable within one year | 42/48 | €38,000 | €37,635 | -€365 | -1.0% |
| Trade debts | 44 | €3,339 | - | -€3,339 | |
| Suppliers | 440/4 | €3,339 | - | -€3,339 | |
| Taxes, remuneration and social security | 45 | €1,540 | €2,883 | +€1,342 | +87.1% |
| Taxes | 450/3 | €1,540 | €2,883 | +€1,342 | +87.1% |
| Other amounts payable | 47/48 | €33,120 | €34,752 | +€1,632 | +4.9% |
| Non-recurring operating income | 76A | €200 | €544 | +€344 | +172.0% |
| Remuneration, social security and pensions | 62 | €16,272 | €18,179 | +€1,907 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,700 | €4,312 | -€388 | -8.3% |
| Other operating charges | 640/8 | - | €858 | +€858 | |
| Gross operating margin | 9900 | €20,351 | €11,268 | -€9,083 | -44.6% |
| Operating profit (loss) | 9901 | -€622 | -€12,081 | -€11,459 | -1843.2% |
| Financial income | 75/76B | €3,215 | €3,318 | +€103 | +3.2% |
| Recurring financial income | 75 | €8 | €19 | +€11 | +145.8% |
| Non-recurring financial income | 76B | €3,207 | €3,299 | +€92 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €2,593 | -€8,763 | -€11,356 | |
| Income taxes | 67/77 | €2 | €662 | +€660 | +28577.9% |
| Profit (loss) for the period | 9904 | €2,591 | -€9,425 | -€12,016 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,591 | -€9,425 | -€12,016 |
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 4 October 2026 via checked.be.