CAPITRA: 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.
CAPITRA
Largest movements
- Receivables after one year -€625,000
down €625,000 (-100%), from €625,000 to €0
- Current investments -€625,000
down €625,000 (-79.3%), from €788,365 to €163,365
- Cash +€321,430
up €321,430 (+181%), from €177,310 to €498,740
mainly Receivables after one year (+€625,000) and Current investments (+€625,000)
- Receivables within one year +€183,375
up €183,375 (+247%), from €74,135 to €257,510
of which Other amounts receivable: +€199,838
- Tangible fixed assets +€55,537
up €55,537 (+9.7%), from €570,961 to €626,499
of which Other tangible fixed assets: +€45,700
- Reserves -€1.2m
down €1.2m (-41.2%), from €2.9m to €1.7m
- Other debts +€554,664
up €554,664 (+3,207%), from €17,296 to €571,960
- Financial income -€451,527
down €451,527 (-90.9%), from €496,592 to €45,065
- Gross operating margin -€25,226
down €25,226 (-41.3%), from €61,087 to €35,861
- Taxes -€8,916
down €8,916 (-37.8%), from €23,557 to €14,641
- Depreciation +€7,034
up €7,034 (+18.9%), from €37,157 to €44,191
- Financial charges +€4,439
up €4,439, from -€1,215 to €3,224
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 | €2,955,094 | €2,320,467 | -€634,627 | -21.5% |
| Fixed assets | 21/28 | €1,261,115 | €1,366,653 | +€105,537 | +8.4% |
| Tangible fixed assets | 22/27 | €570,961 | €626,499 | +€55,537 | +9.7% |
| Land and buildings | 22 | €505,440 | €488,160 | -€17,280 | -3.4% |
| Furniture and vehicles | 24 | €26,550 | €53,668 | +€27,117 | +102% |
| Other tangible fixed assets | 26 | €38,971 | €84,671 | +€45,700 | +117% |
| Financial fixed assets | 28 | €690,154 | €740,154 | +€50,000 | +7.2% |
| Current assets | 29/58 | €1,693,979 | €953,814 | -€740,164 | -43.7% |
| Amounts receivable after more than one year | 29 | €625,000 | €0 | -€625,000 | -100% |
| Other amounts receivable | 291 | €625,000 | €0 | -€625,000 | -100% |
| Amounts receivable within one year | 40/41 | €74,135 | €257,510 | +€183,375 | +247% |
| Trade receivables | 40 | €17,485 | €1,022 | -€16,463 | -94.2% |
| Other amounts receivable | 41 | €56,650 | €256,488 | +€199,838 | +353% |
| Current investments | 50/53 | €788,365 | €163,365 | -€625,000 | -79.3% |
| Cash at bank and in hand | 54/58 | €177,310 | €498,740 | +€321,430 | +181% |
| Deferred charges and accrued income | 490/1 | €29,168 | €34,199 | +€5,030 | +17.2% |
| Total equity and liabilities | 10/49 | €2,955,094 | €2,320,467 | -€634,627 | -21.5% |
| Equity | 10/15 | €2,918,004 | €1,727,692 | -€1.2m | -40.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €2,888,004 | €1,697,692 | -€1.2m | -41.2% |
| Distributable reserves | 133 | €2,888,004 | €1,697,692 | -€1.2m | -41.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,090 | €592,775 | +€555,685 | +1,498% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €37,090 | €592,775 | +€555,685 | +1,498% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,082 | €4,370 | -€1,713 | -28.2% |
| Suppliers | 440/4 | €6,082 | €4,370 | -€1,713 | -28.2% |
| Taxes, remuneration and social security | 45 | €13,711 | €16,445 | +€2,734 | +19.9% |
| Taxes | 450/3 | €13,711 | €16,445 | +€2,734 | +19.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €17,296 | €571,960 | +€554,664 | +3,207% |
| Non-recurring operating income | 76A | €51,474 | €4,548 | -€46,926 | -91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,157 | €44,191 | +€7,034 | +18.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €10,255 | €9,183 | -€1,072 | -10.5% |
| Gross operating margin | 9900 | €61,087 | €35,861 | -€25,226 | -41.3% |
| Operating profit (loss) | 9901 | €13,675 | -€17,512 | -€31,188 | |
| Financial income | 75/76B | €496,592 | €45,065 | -€451,527 | -90.9% |
| Recurring financial income | 75 | €496,592 | €45,065 | -€451,527 | -90.9% |
| Financial charges | 65/66B | -€1,215 | €3,224 | +€4,439 | |
| Recurring financial charges | 65 | -€1,215 | €3,224 | +€4,439 | |
| Profit (loss) for the period before taxes | 9903 | €511,482 | €24,329 | -€487,153 | -95.2% |
| Income taxes | 67/77 | €23,557 | €14,641 | -€8,916 | -37.8% |
| Profit (loss) for the period | 9904 | €487,926 | €9,688 | -€478,238 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €487,926 | €9,688 | -€478,238 | -98.0% |
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 27 October 2026 via checked.be.