CAPOGNA: 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.
CAPOGNA
Largest movements
- Cash +€46,929
up €46,929 (+54.2%), from €86,523 to €133,453
mainly Net result for the year (+€113,174) and Other debts (+€112,995)
- Tangible fixed assets -€3,609
down €3,609 (-39.5%), from €9,143 to €5,534
of which Other tangible fixed assets: -€2,359
- Receivables within one year +€2,444
up €2,444 (+7.2%), from €33,915 to €36,359
of which Trade receivables: +€3,323
- Other debts +€112,995
up €112,995 (+40450.7%), from €279 to €113,274
- Profit (loss) carried forward -€86,507
down €86,507 (-100.0%), from €86,507 to €0
- Tax, wage and social debts +€30,012
up €30,012 (+227.7%), from €13,178 to €43,190
- Trade debts -€11,204
down €11,204 (-42.7%), from €26,209 to €15,005
- Gross operating margin +€114,300
up €114,300 (+259.0%), from €44,131 to €158,431
- Taxes +€25,922
up €25,922 (+224.2%), from €11,563 to €37,485
- Staff costs +€9,845
up €9,845, from -€9,845 to €0
- Financial charges +€4,878
up €4,878 (+1960.1%), from €249 to €5,127
- Depreciation -€1,696
down €1,696 (-32.0%), from €5,305 to €3,609
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 | €130,173 | €175,783 | +€45,610 | +35.0% |
| Fixed assets | 21/28 | €9,506 | €5,897 | -€3,609 | -38.0% |
| Tangible fixed assets | 22/27 | €9,143 | €5,534 | -€3,609 | -39.5% |
| Furniture and vehicles | 24 | €1,250 | €0 | -€1,250 | -100.0% |
| Other tangible fixed assets | 26 | €7,893 | €5,534 | -€2,359 | -29.9% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €120,668 | €169,887 | +€49,219 | +40.8% |
| Amounts receivable within one year | 40/41 | €33,915 | €36,359 | +€2,444 | +7.2% |
| Trade receivables | 40 | €28,794 | €32,116 | +€3,323 | +11.5% |
| Other amounts receivable | 41 | €5,121 | €4,243 | -€879 | -17.2% |
| Cash at bank and in hand | 54/58 | €86,523 | €133,453 | +€46,929 | +54.2% |
| Deferred charges and accrued income | 490/1 | €230 | €75 | -€155 | -67.4% |
| Total equity and liabilities | 10/49 | €130,173 | €175,783 | +€45,610 | +35.0% |
| Equity | 10/15 | €90,507 | €4,000 | -€86,507 | -95.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,507 | €0 | -€86,507 | -100.0% |
| Amounts payable | 17/49 | €39,666 | €171,783 | +€132,117 | +333.1% |
| Amounts payable within one year | 42/48 | €39,666 | €171,783 | +€132,117 | +333.1% |
| Financial debts | 43 | - | €314 | +€314 | |
| Credit institutions | 430/8 | - | €314 | +€314 | |
| Trade debts | 44 | €26,209 | €15,005 | -€11,204 | -42.7% |
| Suppliers | 440/4 | €26,209 | €15,005 | -€11,204 | -42.7% |
| Taxes, remuneration and social security | 45 | €13,178 | €43,190 | +€30,012 | +227.7% |
| Taxes | 450/3 | €13,178 | €43,190 | +€30,012 | +227.7% |
| Other amounts payable | 47/48 | €279 | €113,274 | +€112,995 | +40450.7% |
| Remuneration, social security and pensions | 62 | -€9,845 | €0 | +€9,845 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,305 | €3,609 | -€1,696 | -32.0% |
| Other operating charges | 640/8 | €494 | €156 | -€339 | -68.5% |
| Gross operating margin | 9900 | €44,131 | €158,431 | +€114,300 | +259.0% |
| Operating profit (loss) | 9901 | €48,176 | €154,666 | +€106,490 | +221.0% |
| Financial income | 75/76B | €672 | €1,120 | +€447 | +66.5% |
| Recurring financial income | 75 | €672 | €1,120 | +€447 | +66.5% |
| Financial charges | 65/66B | €249 | €5,127 | +€4,878 | +1960.1% |
| Recurring financial charges | 65 | €249 | €5,127 | +€4,878 | +1960.1% |
| Profit (loss) for the period before taxes | 9903 | €48,600 | €150,659 | +€102,059 | +210.0% |
| Income taxes | 67/77 | €11,563 | €37,485 | +€25,922 | +224.2% |
| Profit (loss) for the period | 9904 | €37,037 | €113,174 | +€76,137 | +205.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,037 | €113,174 | +€76,137 | +205.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.