CAPONE: 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.
CAPONE
Largest movements
- Cash +€125,936
up €125,936 (+171.6%), from €73,390 to €199,326
mainly Net result for the year (+€98,893) and Current investments (+€51,817)
- Current investments -€51,817
down €51,817 (-100.0%), from €51,817 to €0
- Receivables within one year +€7,854
up €7,854 (+12.8%), from €61,555 to €69,409
of which Trade receivables: +€7,855
- Accrued charges and deferred income +€49,327
new in 2025: €49,327
- Tax, wage and social debts +€34,097
up €34,097 (+126.0%), from €27,055 to €61,152
of which Taxes: +€31,997
- Reserves -€25,984
down €25,984 (-51.1%), from €50,824 to €24,841
- Other debts +€21,494
up €21,494 (+23.9%), from €90,035 to €111,529
- Trade debts +€3,481
up €3,481 (+37.4%), from €9,313 to €12,794
- Financial charges +€6,656
up €6,656 (+252.0%), from €2,641 to €9,297
- Gross operating margin +€5,707
up €5,707 (+3.4%), from €167,957 to €173,665
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 | €195,827 | €278,243 | +€82,415 | +42.1% |
| Fixed assets | 21/28 | €6,125 | €6,448 | +€323 | +5.3% |
| Tangible fixed assets | 22/27 | €6,125 | €6,448 | +€323 | +5.3% |
| Furniture and vehicles | 24 | €6,125 | €6,448 | +€323 | +5.3% |
| Current assets | 29/58 | €189,702 | €271,795 | +€82,093 | +43.3% |
| Amounts receivable within one year | 40/41 | €61,555 | €69,409 | +€7,854 | +12.8% |
| Trade receivables | 40 | €60,892 | €68,747 | +€7,855 | +12.9% |
| Other amounts receivable | 41 | €664 | €663 | -€1 | -0.1% |
| Current investments | 50/53 | €51,817 | €0 | -€51,817 | -100.0% |
| Cash at bank and in hand | 54/58 | €73,390 | €199,326 | +€125,936 | +171.6% |
| Deferred charges and accrued income | 490/1 | €2,939 | €3,059 | +€120 | +4.1% |
| Total equity and liabilities | 10/49 | €195,827 | €278,243 | +€82,415 | +42.1% |
| Equity | 10/15 | €69,424 | €43,441 | -€25,984 | -37.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,824 | €24,841 | -€25,984 | -51.1% |
| Distributable reserves | 133 | €50,824 | €24,841 | -€25,984 | -51.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €126,403 | €234,802 | +€108,399 | +85.8% |
| Amounts payable within one year | 42/48 | €126,403 | €185,475 | +€59,072 | +46.7% |
| Trade debts | 44 | €9,313 | €12,794 | +€3,481 | +37.4% |
| Suppliers | 440/4 | €9,313 | €12,794 | +€3,481 | +37.4% |
| Taxes, remuneration and social security | 45 | €27,055 | €61,152 | +€34,097 | +126.0% |
| Taxes | 450/3 | €21,654 | €53,651 | +€31,997 | +147.8% |
| Remuneration and social security | 454/9 | €5,401 | €7,501 | +€2,100 | +38.9% |
| Other amounts payable | 47/48 | €90,035 | €111,529 | +€21,494 | +23.9% |
| Accrued charges and deferred income | 492/3 | - | €49,327 | +€49,327 | |
| Remuneration, social security and pensions | 62 | €31,459 | €32,178 | +€719 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,295 | €2,727 | +€432 | +18.8% |
| Other operating charges | 640/8 | €1,810 | €1,104 | -€706 | -39.0% |
| Non-recurring operating charges | 66A | €47 | €0 | -€47 | -100.0% |
| Gross operating margin | 9900 | €167,957 | €173,665 | +€5,707 | +3.4% |
| Operating profit (loss) | 9901 | €132,348 | €137,656 | +€5,309 | +4.0% |
| Financial income | 75/76B | €1,295 | €543 | -€752 | -58.0% |
| Recurring financial income | 75 | €1,295 | €543 | -€752 | -58.0% |
| Financial charges | 65/66B | €2,641 | €9,297 | +€6,656 | +252.0% |
| Recurring financial charges | 65 | €2,641 | €9,297 | +€6,656 | +252.0% |
| Profit (loss) for the period before taxes | 9903 | €131,001 | €128,902 | -€2,099 | -1.6% |
| Income taxes | 67/77 | €30,017 | €30,010 | -€7 | 0.0% |
| Profit (loss) for the period | 9904 | €100,985 | €98,893 | -€2,092 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €100,985 | €98,893 | -€2,092 | -2.1% |
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 11 October 2026 via checked.be.