Capitolino: 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.
Capitolino
Largest movements
- Receivables within one year -€335,863
down €335,863 (-10.2%), from €3.3m to €3.0m
of which Other amounts receivable: -€373,833
- Current investments +€250,000
up €250,000 (+166.7%), from €150,000 to €400,000
- Cash +€161,210
up €161,210 (+678.4%), from €23,762 to €184,972
mainly Receivables within one year (+€335,863) and Net result for the year (+€41,101)
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€20,276
up €20,276 (+60.8%), from €33,342 to €53,618
- Taxes +€5,750
up €5,750 (+49.4%), from €11,649 to €17,399
- Gross operating margin +€4,156
up €4,156 (+16.3%), from €25,531 to €29,688
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 | €8,134,223 | €8,195,748 | +€61,525 | +0.8% |
| Fixed assets | 21/28 | €4,662,024 | €4,648,191 | -€13,834 | -0.3% |
| Tangible fixed assets | 22/27 | €23,099 | €9,266 | -€13,834 | -59.9% |
| Furniture and vehicles | 24 | €23,099 | €9,266 | -€13,834 | -59.9% |
| Financial fixed assets | 28 | €4,638,925 | €4,638,925 | = | 0.0% |
| Current assets | 29/58 | €3,472,199 | €3,547,558 | +€75,359 | +2.2% |
| Amounts receivable within one year | 40/41 | €3,297,806 | €2,961,943 | -€335,863 | -10.2% |
| Trade receivables | 40 | €136,960 | €174,930 | +€37,970 | +27.7% |
| Other amounts receivable | 41 | €3,160,847 | €2,787,013 | -€373,833 | -11.8% |
| Current investments | 50/53 | €150,000 | €400,000 | +€250,000 | +166.7% |
| Cash at bank and in hand | 54/58 | €23,762 | €184,972 | +€161,210 | +678.4% |
| Deferred charges and accrued income | 490/1 | €630 | €643 | +€13 | +2.0% |
| Total equity and liabilities | 10/49 | €8,134,223 | €8,195,748 | +€61,525 | +0.8% |
| Equity | 10/15 | €7,770,258 | €7,811,359 | +€41,101 | +0.5% |
| Contributions | 10/11 | €5,376,364 | €5,376,364 | = | 0.0% |
| Reserves | 13 | €2,393,894 | €2,434,995 | +€41,101 | +1.7% |
| Distributable reserves | 133 | €2,393,894 | €2,434,995 | +€41,101 | +1.7% |
| Amounts payable | 17/49 | €363,965 | €384,390 | +€20,425 | +5.6% |
| Amounts payable within one year | 42/48 | €363,965 | €384,390 | +€20,425 | +5.6% |
| Trade debts | 44 | €134,356 | €149,644 | +€15,288 | +11.4% |
| Suppliers | 440/4 | €134,356 | €149,644 | +€15,288 | +11.4% |
| Taxes, remuneration and social security | 45 | €12,005 | €11,049 | -€957 | -8.0% |
| Taxes | 450/3 | €12,005 | €11,049 | -€957 | -8.0% |
| Other amounts payable | 47/48 | €217,604 | €223,697 | +€6,093 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,834 | €13,834 | = | 0.0% |
| Other operating charges | 640/8 | €2,153 | €2,215 | +€62 | +2.9% |
| Gross operating margin | 9900 | €25,531 | €29,688 | +€4,156 | +16.3% |
| Operating profit (loss) | 9901 | €9,545 | €13,639 | +€4,094 | +42.9% |
| Financial income | 75/76B | €33,342 | €53,618 | +€20,276 | +60.8% |
| Recurring financial income | 75 | €33,342 | €53,618 | +€20,276 | +60.8% |
| Financial charges | 65/66B | €8,528 | €8,757 | +€229 | +2.7% |
| Recurring financial charges | 65 | €8,528 | €8,757 | +€229 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €34,359 | €58,499 | +€24,140 | +70.3% |
| Income taxes | 67/77 | €11,649 | €17,399 | +€5,750 | +49.4% |
| Profit (loss) for the period | 9904 | €22,710 | €41,101 | +€18,391 | +81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,710 | €41,101 | +€18,391 | +81.0% |
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 6 October 2026 via checked.be.