CAPNOR I MidCo: 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.
CAPNOR I MidCo
Largest movements
- Financial fixed assets +€25.2m
up €25.2m (+63.6%), from €39.7m to €65.0m
- Other debts +€11.3m
up €11.3m (+903%), from €1.3m to €12.6m
- Contributions +€10.8m
up €10.8m (+4,323%), from €250,000 to €11.1m
- Debts after one year +€4.4m
up €4.4m (+11.1%), from €39.5m to €43.9m
- Financial charges +€1.0m
up €1.0m (+80.3%), from €1.3m to €2.3m
- Financial income +€691,405
up €691,405 (+56.3%), from €1.2m to €1.9m
- Gross operating margin -€25,443
down €25,443 (-5,044%), from -€504 to -€25,947
- Other operating charges +€338
up €338 (+29.9%), from €1,130 to €1,468
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.
Derived cash bridge
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 | €41,002,239 | €67,139,948 | +€26.1m | +63.7% |
| Fixed assets | 21/28 | €39,714,182 | €64,961,327 | +€25.2m | +63.6% |
| Financial fixed assets | 28 | €39,714,182 | €64,961,327 | +€25.2m | +63.6% |
| Current assets | 29/58 | €1,288,057 | €2,178,620 | +€890,564 | +69.1% |
| Amounts receivable within one year | 40/41 | €1,218,550 | €1,834,184 | +€615,634 | +50.5% |
| Trade receivables | 40 | - | €478 | +€478 | |
| Other amounts receivable | 41 | €1,218,550 | €1,833,706 | +€615,156 | +50.5% |
| Cash at bank and in hand | 54/58 | €665 | €4,581 | +€3,915 | +589% |
| Deferred charges and accrued income | 490/1 | €68,841 | €339,855 | +€271,014 | +394% |
| Total equity and liabilities | 10/49 | €41,002,239 | €67,139,948 | +€26.1m | +63.7% |
| Equity | 10/15 | €219,901 | €10,659,095 | +€10.4m | +4,747% |
| Contributions | 10/11 | €250,000 | €11,056,789 | +€10.8m | +4,323% |
| Capital | 10 | €250,000 | €11,056,789 | +€10.8m | +4,323% |
| Issued capital | 100 | €250,000 | €11,056,789 | +€10.8m | +4,323% |
| Reserves | 13 | €444 | €444 | = | 0.0% |
| Non-distributable reserves | 130/1 | €444 | €444 | = | 0.0% |
| Legal reserve | 130 | €444 | €444 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,544 | -€398,138 | -€367,595 | -1,204% |
| Amounts payable | 17/49 | €40,782,338 | €56,480,853 | +€15.7m | +38.5% |
| Amounts payable after more than one year | 17 | €39,530,603 | €43,924,088 | +€4.4m | +11.1% |
| Financial debts | 170/4 | €39,530,603 | €43,924,088 | +€4.4m | +11.1% |
| Amounts payable within one year | 42/48 | €1,251,735 | €12,556,764 | +€11.3m | +903% |
| Trade debts | 44 | €165 | €55 | -€110 | -66.9% |
| Suppliers | 440/4 | €165 | €55 | -€110 | -66.9% |
| Other amounts payable | 47/48 | €1,251,570 | €12,556,709 | +€11.3m | +903% |
| Accrued charges and deferred income | 492/3 | €0 | €1 | +€1 | +420% |
| Other operating charges | 640/8 | €1,130 | €1,468 | +€338 | +29.9% |
| Gross operating margin | 9900 | -€504 | -€25,947 | -€25,443 | -5,044% |
| Operating profit (loss) | 9901 | -€1,635 | -€27,415 | -€25,781 | -1,577% |
| Financial income | 75/76B | €1,227,314 | €1,918,719 | +€691,405 | +56.3% |
| Recurring financial income | 75 | €1,227,314 | €1,918,719 | +€691,405 | +56.3% |
| Financial charges | 65/66B | €1,252,721 | €2,258,898 | +€1.0m | +80.3% |
| Recurring financial charges | 65 | €1,252,721 | €2,258,898 | +€1.0m | +80.3% |
| Profit (loss) for the period before taxes | 9903 | -€27,041 | -€367,595 | -€340,553 | -1,259% |
| Profit (loss) for the period | 9904 | -€27,041 | -€367,595 | -€340,553 | -1,259% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,041 | -€367,595 | -€340,553 | -1,259% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.