CAPLINE: 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.
CAPLINE
Largest movements
- Financial fixed assets -€32.4m
down €32.4m (-30.2%), from €107.3m to €74.9m
of which Other financial fixed assets: -€32.4m
- Current investments +€28.9m
up €28.9m (+2623.8%), from €1.1m to €30.0m
- Cash +€7.7m
up €7.7m (+296.4%), from €2.6m to €10.3m
mainly Investment in fixed assets (net) (+€32.4m) and Net result for the year (+€8.5m)
- Profit (loss) carried forward +€4.9m
up €4.9m (+6.7%), from €73.0m to €77.8m
- Financial income -€7.2m
down €7.2m (-38.8%), from €18.7m to €11.4m
of which Financial income: -€7.7m
- Financial charges -€1.5m
down €1.5m (-38.9%), from €3.8m to €2.3m
of which Non-recurring financial charges: -€1.8m
- Taxes +€248,965
new in 2025: €248,965
- Services and other goods +€61,662
up €61,662 (+33.1%), from €186,219 to €247,881
- Other operating charges +€6,806
up €6,806 (+4.6%), from €146,399 to €153,205
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 | €113,274,523 | €118,367,722 | +€5.1m | +4.5% |
| Fixed assets | 21/28 | €107,315,958 | €74,925,902 | -€32.4m | -30.2% |
| Financial fixed assets | 28 | €107,315,958 | €74,925,902 | -€32.4m | -30.2% |
| Affiliated companies | 280/1 | €16,459,120 | €16,459,120 | = | 0.0% |
| Participating interests | 280 | €16,459,120 | €16,459,120 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €4,183,451 | €4,183,451 | = | 0.0% |
| Participating interests | 282 | €4,183,451 | €4,183,451 | = | 0.0% |
| Other financial fixed assets | 284/8 | €86,673,387 | €54,283,331 | -€32.4m | -37.4% |
| Shares | 284 | €86,673,387 | €54,283,331 | -€32.4m | -37.4% |
| Current assets | 29/58 | €5,958,564 | €43,441,820 | +€37.5m | +629.1% |
| Amounts receivable within one year | 40/41 | €2,196,957 | €2,543,995 | +€347,039 | +15.8% |
| Trade receivables | 40 | €11,344 | - | -€11,344 | |
| Other amounts receivable | 41 | €2,185,613 | €2,543,995 | +€358,382 | +16.4% |
| Current investments | 50/53 | €1,100,000 | €29,961,316 | +€28.9m | +2623.8% |
| Other investments | 51/53 | €1,100,000 | €29,961,316 | +€28.9m | +2623.8% |
| Cash at bank and in hand | 54/58 | €2,608,712 | €10,339,675 | +€7.7m | +296.4% |
| Deferred charges and accrued income | 490/1 | €52,896 | €596,834 | +€543,938 | +1028.3% |
| Total equity and liabilities | 10/49 | €113,274,523 | €118,367,722 | +€5.1m | +4.5% |
| Equity | 10/15 | €77,374,523 | €82,236,944 | +€4.9m | +6.3% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Reserves | 13 | €400,000 | €400,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €400,000 | €400,000 | = | 0.0% |
| Legal reserve | 130 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,974,523 | €77,836,944 | +€4.9m | +6.7% |
| Provisions and deferred taxes | 16 | €32,350,000 | €32,350,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €32,350,000 | €32,350,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €32,350,000 | €32,350,000 | = | 0.0% |
| Amounts payable | 17/49 | €3,550,000 | €3,780,778 | +€230,778 | +6.5% |
| Amounts payable within one year | 42/48 | €3,550,000 | €3,778,066 | +€228,066 | +6.4% |
| Trade debts | 44 | - | €128,066 | +€128,066 | |
| Suppliers | 440/4 | - | €128,066 | +€128,066 | |
| Other amounts payable | 47/48 | €3,550,000 | €3,650,000 | +€100,000 | +2.8% |
| Accrued charges and deferred income | 492/3 | - | €2,712 | +€2,712 | |
| Operating income | 70/76A | €37,500 | €37,500 | = | 0.0% |
| Turnover | 70 | €37,500 | €37,500 | = | 0.0% |
| Operating charges | 60/66A | €332,618 | €401,086 | +€68,468 | +20.6% |
| Services and other goods | 61 | €186,219 | €247,881 | +€61,662 | +33.1% |
| Other operating charges | 640/8 | €146,399 | €153,205 | +€6,806 | +4.6% |
| Operating profit (loss) | 9901 | -€295,118 | -€363,586 | -€68,468 | -23.2% |
| Financial income | 75/76B | €18,677,754 | €11,433,894 | -€7.2m | -38.8% |
| Recurring financial income | 75 | €16,437,130 | €8,711,592 | -€7.7m | -47.0% |
| Income from financial fixed assets | 750 | €5,093,586 | €5,459,911 | +€366,326 | +7.2% |
| Income from current assets | 751 | €76,150 | €591,438 | +€515,288 | +676.7% |
| Other financial income | 752/9 | €11,267,394 | €2,660,243 | -€8.6m | -76.4% |
| Non-recurring financial income | 76B | €2,240,624 | €2,722,301 | +€481,677 | +21.5% |
| Financial charges | 65/66B | €3,780,108 | €2,308,921 | -€1.5m | -38.9% |
| Recurring financial charges | 65 | €33,491 | €335,357 | +€301,867 | +901.3% |
| Debt charges | 650 | €33,491 | - | -€33,491 | |
| Other financial charges | 652/9 | - | €335,357 | +€335,357 | |
| Non-recurring financial charges | 66B | €3,746,618 | €1,973,563 | -€1.8m | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €14,602,527 | €8,761,387 | -€5.8m | -40.0% |
| Income taxes | 67/77 | - | €248,965 | +€248,965 | |
| Taxes | 670/3 | - | €248,965 | +€248,965 | |
| Profit (loss) for the period | 9904 | €14,602,527 | €8,512,421 | -€6.1m | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,602,527 | €8,512,421 | -€6.1m | -41.7% |
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.