CAPNOR II: 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 II
Largest movements
- Financial fixed assets +€138.1m
up €138.1m (+921%), from €15.0m to €153.1m
- Current investments +€5.5m
new in 2024: €5.5m
- Other debts +€89.8m
up €89.8m (+31,049%), from €289,315 to €90.1m
- Contributions +€22.0m
up €22.0m (+219,532%), from €10,000 to €22.0m
- Debts after one year +€16.6m
up €16.6m (+111%), from €15.0m to €31.6m
- Profit (loss) carried forward +€15.3m
up €15.3m, from -€291,148 to €15.0m
- Financial income +€16.5m
new in 2024: €16.5m
of which Non-recurring financial income: +€16.5m
- Financial charges +€931,296
up €931,296 (+322%), from €289,319 to €1.2m
- Gross operating margin -€6,234
down €6,234 (-555%), from -€1,123 to -€7,357
- Other operating charges +€115
up €115 (+16.2%), from €705 to €820
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 | €15,008,167 | €158,662,817 | +€143.7m | +957% |
| Fixed assets | 21/28 | €15,000,010 | €153,115,404 | +€138.1m | +921% |
| Financial fixed assets | 28 | €15,000,010 | €153,115,404 | +€138.1m | +921% |
| Current assets | 29/58 | €8,157 | €5,547,413 | +€5.5m | +67,906% |
| Amounts receivable within one year | 40/41 | - | €197 | +€197 | |
| Trade receivables | 40 | - | €197 | +€197 | |
| Current investments | 50/53 | - | €5,450,000 | +€5.5m | |
| Cash at bank and in hand | 54/58 | €8,157 | €85,242 | +€77,085 | +945% |
| Deferred charges and accrued income | 490/1 | - | €11,974 | +€11,974 | |
| Total equity and liabilities | 10/49 | €15,008,167 | €158,662,817 | +€143.7m | +957% |
| Equity | 10/15 | -€281,148 | €36,955,213 | +€37.2m | |
| Contributions | 10/11 | €10,000 | €21,963,168 | +€22.0m | +219,532% |
| Profit (loss) carried forward | 14 | -€291,148 | €14,992,045 | +€15.3m | |
| Amounts payable | 17/49 | €15,289,315 | €121,707,603 | +€106.4m | +696% |
| Amounts payable after more than one year | 17 | €15,000,000 | €31,589,995 | +€16.6m | +111% |
| Financial debts | 170/4 | €15,000,000 | €31,589,995 | +€16.6m | +111% |
| Amounts payable within one year | 42/48 | €289,315 | €90,117,608 | +€89.8m | +31,049% |
| Trade debts | 44 | - | €225 | +€225 | |
| Suppliers | 440/4 | - | €225 | +€225 | |
| Other amounts payable | 47/48 | €289,315 | €90,117,384 | +€89.8m | +31,049% |
| Other operating charges | 640/8 | €705 | €820 | +€115 | +16.2% |
| Gross operating margin | 9900 | -€1,123 | -€7,357 | -€6,234 | -555% |
| Operating profit (loss) | 9901 | -€1,829 | -€8,177 | -€6,348 | -347% |
| Financial income | 75/76B | - | €16,511,986 | +€16.5m | |
| Recurring financial income | 75 | - | €11,974 | +€11,974 | |
| Non-recurring financial income | 76B | - | €16,500,012 | +€16.5m | |
| Financial charges | 65/66B | €289,319 | €1,220,615 | +€931,296 | +322% |
| Recurring financial charges | 65 | €289,319 | €1,220,615 | +€931,296 | +322% |
| Profit (loss) for the period before taxes | 9903 | -€291,148 | €15,283,193 | +€15.6m | |
| Profit (loss) for the period | 9904 | -€291,148 | €15,283,193 | +€15.6m | |
| Profit (loss) for the period to be appropriated | 9905 | -€291,148 | €15,283,193 | +€15.6m |
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 17 October 2026 via checked.be.