CAPMERON: 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.
CAPMERON
Largest movements
- Tangible fixed assets -€23,987
down €23,987 (-24.0%), from €99,999 to €76,012
- Cash +€1,793
up €1,793 (+8.2%), from €21,736 to €23,529
mainly Depreciation (+€23,987) and Other debts (+€7,500)
- Debts after one year -€16,288
down €16,288 (-27.4%), from €59,375 to €43,087
of which Financial debts: -€15,830
- Reserves -€14,300
down €14,300 (-35.8%), from €40,000 to €25,700
- Other debts +€7,500
up €7,500 (+60.0%), from €12,500 to €20,000
- Tax, wage and social debts +€1,911
up €1,911 (+71.1%), from €2,686 to €4,597
- Gross operating margin -€11,460
down €11,460 (-23.4%), from €48,955 to €37,495
- Depreciation +€9,162
up €9,162 (+61.8%), from €14,825 to €23,987
- Taxes -€4,580
down €4,580 (-55.2%), from €8,290 to €3,710
- Financial charges +€819
up €819 (+35.5%), from €2,309 to €3,128
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 | €154,722 | €133,223 | -€21,499 | -13.9% |
| Fixed assets | 21/28 | €101,779 | €77,792 | -€23,987 | -23.6% |
| Tangible fixed assets | 22/27 | €99,999 | €76,012 | -€23,987 | -24.0% |
| Furniture and vehicles | 24 | €99,999 | €76,012 | -€23,987 | -24.0% |
| Financial fixed assets | 28 | €1,780 | €1,780 | = | 0.0% |
| Current assets | 29/58 | €52,943 | €55,431 | +€2,488 | +4.7% |
| Amounts receivable within one year | 40/41 | €29,009 | €29,456 | +€447 | +1.5% |
| Trade receivables | 40 | €28,899 | €25,596 | -€3,303 | -11.4% |
| Other amounts receivable | 41 | €110 | €3,860 | +€3,750 | +3,409% |
| Cash at bank and in hand | 54/58 | €21,736 | €23,529 | +€1,793 | +8.2% |
| Deferred charges and accrued income | 490/1 | €2,198 | €2,446 | +€248 | +11.3% |
| Total equity and liabilities | 10/49 | €154,722 | €133,223 | -€21,499 | -13.9% |
| Equity | 10/15 | €60,246 | €45,978 | -€14,268 | -23.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,000 | €25,700 | -€14,300 | -35.8% |
| Distributable reserves | 133 | €40,000 | €25,700 | -€14,300 | -35.8% |
| Profit (loss) carried forward | 14 | €1,646 | €1,678 | +€32 | +1.9% |
| Amounts payable | 17/49 | €94,476 | €87,245 | -€7,231 | -7.7% |
| Amounts payable after more than one year | 17 | €59,375 | €43,087 | -€16,288 | -27.4% |
| Financial debts | 170/4 | €58,485 | €42,655 | -€15,830 | -27.1% |
| Other amounts payable | 178/9 | €890 | €432 | -€458 | -51.5% |
| Amounts payable within one year | 42/48 | €34,686 | €43,779 | +€9,093 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €15,169 | €15,830 | +€661 | +4.4% |
| Trade debts | 44 | €4,331 | €3,352 | -€979 | -22.6% |
| Suppliers | 440/4 | €4,331 | €3,352 | -€979 | -22.6% |
| Taxes, remuneration and social security | 45 | €2,686 | €4,597 | +€1,911 | +71.1% |
| Taxes | 450/3 | €2,686 | €4,597 | +€1,911 | +71.1% |
| Other amounts payable | 47/48 | €12,500 | €20,000 | +€7,500 | +60.0% |
| Accrued charges and deferred income | 492/3 | €415 | €379 | -€36 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,825 | €23,987 | +€9,162 | +61.8% |
| Other operating charges | 640/8 | €780 | €938 | +€158 | +20.3% |
| Non-recurring operating charges | 66A | €205 | - | -€205 | |
| Gross operating margin | 9900 | €48,955 | €37,495 | -€11,460 | -23.4% |
| Operating profit (loss) | 9901 | €33,145 | €12,570 | -€20,575 | -62.1% |
| Financial charges | 65/66B | €2,309 | €3,128 | +€819 | +35.5% |
| Recurring financial charges | 65 | €2,309 | €3,128 | +€819 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | €30,836 | €9,442 | -€21,394 | -69.4% |
| Income taxes | 67/77 | €8,290 | €3,710 | -€4,580 | -55.2% |
| Profit (loss) for the period | 9904 | €22,546 | €5,732 | -€16,814 | -74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,546 | €5,732 | -€16,814 | -74.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.