CAPMO: 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.
CAPMO
Largest movements
- Cash -€37,943
down €37,943 (-19.9%), from €191,077 to €153,134
mainly Net result for the year (-€35,410) and Other debts (-€9,457)
- Tangible fixed assets -€6,490
down €6,490 (-1.8%), from €353,498 to €347,008
of which Land and buildings: -€12,234
- Profit (loss) carried forward -€35,410
down €35,410 (-34.6%), from €102,337 to €66,927
- Other debts -€9,457
down €9,457 (-4.0%), from €234,479 to €225,022
- Gross operating margin -€11,250
down €11,250 (-509.4%), from -€2,208 to -€13,459
- Depreciation +€1,375
up €1,375 (+10.5%), from €13,063 to €14,438
- Other operating charges -€703
down €703 (-9.0%), from €7,841 to €7,138
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €546,121 | €501,755 | -€44,367 | -8.1% |
| Fixed assets | 21/28 | €353,530 | €347,008 | -€6,522 | -1.8% |
| Tangible fixed assets | 22/27 | €353,498 | €347,008 | -€6,490 | -1.8% |
| Land and buildings | 22 | €342,065 | €329,831 | -€12,234 | -3.6% |
| Plant, machinery and equipment | 23 | €11,008 | €17,177 | +€6,169 | +56.0% |
| Other tangible fixed assets | 26 | €425 | €0 | -€425 | -100.0% |
| Financial fixed assets | 28 | €32 | €0 | -€32 | -100.0% |
| Current assets | 29/58 | €192,591 | €154,746 | -€37,844 | -19.7% |
| Cash at bank and in hand | 54/58 | €191,077 | €153,134 | -€37,943 | -19.9% |
| Deferred charges and accrued income | 490/1 | €1,514 | €1,613 | +€99 | +6.5% |
| Total equity and liabilities | 10/49 | €546,121 | €501,755 | -€44,367 | -8.1% |
| Equity | 10/15 | €310,397 | €274,987 | -€35,410 | -11.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €201,860 | €201,860 | = | 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% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,337 | €66,927 | -€35,410 | -34.6% |
| Amounts payable | 17/49 | €235,724 | €226,767 | -€8,956 | -3.8% |
| Amounts payable within one year | 42/48 | €235,723 | €226,767 | -€8,955 | -3.8% |
| Trade debts | 44 | €679 | €1,447 | +€768 | +113.1% |
| Suppliers | 440/4 | €679 | €1,447 | +€768 | +113.1% |
| Taxes, remuneration and social security | 45 | €565 | €299 | -€266 | -47.0% |
| Taxes | 450/3 | €565 | €299 | -€266 | -47.0% |
| Other amounts payable | 47/48 | €234,479 | €225,022 | -€9,457 | -4.0% |
| Accrued charges and deferred income | 492/3 | €1 | €0 | -€1 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,063 | €14,438 | +€1,375 | +10.5% |
| Other operating charges | 640/8 | €7,841 | €7,138 | -€703 | -9.0% |
| Gross operating margin | 9900 | -€2,208 | -€13,459 | -€11,250 | -509.4% |
| Operating profit (loss) | 9901 | -€23,113 | -€35,035 | -€11,922 | -51.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €68 | €76 | +€8 | +12.0% |
| Recurring financial charges | 65 | €68 | €76 | +€8 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,180 | -€35,111 | -€11,930 | -51.5% |
| Income taxes | 67/77 | €221 | €299 | +€79 | +35.6% |
| Profit (loss) for the period | 9904 | -€23,401 | -€35,410 | -€12,009 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,401 | -€35,410 | -€12,009 | -51.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.