CAPOL: 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.
CAPOL
Largest movements
- Receivables within one year +€15,031
up €15,031 (+29.6%), from €50,799 to €65,830
of which Other amounts receivable: +€16,569
- Cash -€7,268
down €7,268 (-57.9%), from €12,559 to €5,291
mainly Receivables within one year (-€15,031) and Tax, wage and social debts (-€7,861)
- Reserves +€19,595
up €19,595 (+31.8%), from €61,700 to €81,295
- Tax, wage and social debts -€7,861
down €7,861 (-44.7%), from €17,579 to €9,718
- Other debts -€1,666
down €1,666 (-100.0%), from €1,666 to €0
- Depreciation -€2,664
down €2,664 (-46.1%), from €5,776 to €3,112
- Gross operating margin -€2,342
down €2,342 (-5.7%), from €40,855 to €38,514
- Other operating charges -€1,896
down €1,896 (-50.8%), from €3,732 to €1,836
- Financial charges +€624
up €624 (+688.4%), from €91 to €715
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 | €108,358 | €117,677 | +€9,319 | +8.6% |
| Fixed assets | 21/28 | €7,223 | €7,654 | +€431 | +6.0% |
| Tangible fixed assets | 22/27 | €7,223 | €7,654 | +€431 | +6.0% |
| Land and buildings | 22 | €3,123 | €4,670 | +€1,547 | +49.5% |
| Plant, machinery and equipment | 23 | €1,524 | €1,907 | +€383 | +25.1% |
| Furniture and vehicles | 24 | €2,576 | €1,077 | -€1,499 | -58.2% |
| Current assets | 29/58 | €101,134 | €110,023 | +€8,888 | +8.8% |
| Amounts receivable after more than one year | 29 | €36,011 | €36,011 | = | 0.0% |
| Other amounts receivable | 291 | €36,011 | €36,011 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,799 | €65,830 | +€15,031 | +29.6% |
| Trade receivables | 40 | €15,663 | €14,125 | -€1,538 | -9.8% |
| Other amounts receivable | 41 | €35,136 | €51,704 | +€16,569 | +47.2% |
| Cash at bank and in hand | 54/58 | €12,559 | €5,291 | -€7,268 | -57.9% |
| Deferred charges and accrued income | 490/1 | €1,765 | €2,891 | +€1,126 | +63.8% |
| Total equity and liabilities | 10/49 | €108,358 | €117,677 | +€9,319 | +8.6% |
| Equity | 10/15 | €80,300 | €99,895 | +€19,595 | +24.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,700 | €81,295 | +€19,595 | +31.8% |
| Distributable reserves | 133 | €61,700 | €81,295 | +€19,595 | +31.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,058 | €17,781 | -€10,277 | -36.6% |
| Amounts payable within one year | 42/48 | €28,058 | €17,781 | -€10,277 | -36.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €1,715 | €1,701 | -€13 | -0.8% |
| Credit institutions | 430/8 | €1,715 | €1,701 | -€13 | -0.8% |
| Trade debts | 44 | €7,099 | €6,362 | -€737 | -10.4% |
| Suppliers | 440/4 | €7,099 | €6,362 | -€737 | -10.4% |
| Taxes, remuneration and social security | 45 | €17,579 | €9,718 | -€7,861 | -44.7% |
| Taxes | 450/3 | €17,579 | €9,718 | -€7,861 | -44.7% |
| Other amounts payable | 47/48 | €1,666 | €0 | -€1,666 | -100.0% |
| Remuneration, social security and pensions | 62 | €119 | €0 | -€119 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,776 | €3,112 | -€2,664 | -46.1% |
| Other operating charges | 640/8 | €3,732 | €1,836 | -€1,896 | -50.8% |
| Gross operating margin | 9900 | €40,855 | €38,514 | -€2,342 | -5.7% |
| Operating profit (loss) | 9901 | €31,229 | €33,566 | +€2,337 | +7.5% |
| Financial income | 75/76B | €22 | €13 | -€9 | -43.1% |
| Recurring financial income | 75 | €22 | €13 | -€9 | -43.1% |
| Financial charges | 65/66B | €91 | €715 | +€624 | +688.4% |
| Recurring financial charges | 65 | €91 | €715 | +€624 | +688.4% |
| Profit (loss) for the period before taxes | 9903 | €31,160 | €32,864 | +€1,704 | +5.5% |
| Income taxes | 67/77 | €13,136 | €13,268 | +€132 | +1.0% |
| Profit (loss) for the period | 9904 | €18,024 | €19,595 | +€1,572 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,024 | €19,595 | +€1,572 | +8.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.