CAPPA CONSULT: what changed
Two fiscal 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.
CAPPA CONSULT
Largest movements
- Receivables within one year +€101,809
up €101,809 (+212.9%), from €47,813 to €149,622
of which Other amounts receivable: +€100,818
- Cash -€11,762
down €11,762 (-13.0%), from €90,207 to €78,445
mainly Receivables within one year (-€101,809)
- Tangible fixed assets -€3,399
down €3,399 (-35.0%), from €9,713 to €6,314
- Profit (loss) carried forward +€64,768
up €64,768 (+62.2%), from €104,073 to €168,841
- Tax, wage and social debts +€18,075
up €18,075 (+47.2%), from €38,256 to €56,331
- Trade debts +€3,497
up €3,497 (+207.1%), from €1,688 to €5,185
- Gross operating margin -€65,645
down €65,645 (-44.6%), from €147,150 to €81,505
- Taxes -€15,907
down €15,907 (-48.6%), from €32,738 to €16,831
- Other operating charges -€9,574
down €9,574 (-95.5%), from €10,029 to €454
- Financial income +€3,556
up €3,556 (+340.1%), from €1,046 to €4,601
- Depreciation +€2,484
up €2,484 (+203.1%), from €1,223 to €3,707
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 | €149,017 | €235,357 | +€86,340 | +57.9% |
| Formation expenses | 20 | €1,285 | €976 | -€308 | -24.0% |
| Fixed assets | 21/28 | €9,713 | €6,314 | -€3,399 | -35.0% |
| Tangible fixed assets | 22/27 | €9,713 | €6,314 | -€3,399 | -35.0% |
| Furniture and vehicles | 24 | €9,713 | €6,314 | -€3,399 | -35.0% |
| Current assets | 29/58 | €138,020 | €228,067 | +€90,047 | +65.2% |
| Amounts receivable within one year | 40/41 | €47,813 | €149,622 | +€101,809 | +212.9% |
| Trade receivables | 40 | €13,310 | €14,301 | +€991 | +7.4% |
| Other amounts receivable | 41 | €34,503 | €135,321 | +€100,818 | +292.2% |
| Cash at bank and in hand | 54/58 | €90,207 | €78,445 | -€11,762 | -13.0% |
| Total equity and liabilities | 10/49 | €149,017 | €235,357 | +€86,340 | +57.9% |
| Equity | 10/15 | €109,073 | €173,841 | +€64,768 | +59.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,073 | €168,841 | +€64,768 | +62.2% |
| Amounts payable | 17/49 | €39,944 | €61,516 | +€21,572 | +54.0% |
| Amounts payable within one year | 42/48 | €39,944 | €61,516 | +€21,572 | +54.0% |
| Trade debts | 44 | €1,688 | €5,185 | +€3,497 | +207.1% |
| Suppliers | 440/4 | €1,688 | €5,185 | +€3,497 | +207.1% |
| Taxes, remuneration and social security | 45 | €38,256 | €56,331 | +€18,075 | +47.2% |
| Taxes | 450/3 | €38,256 | €56,331 | +€18,075 | +47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,223 | €3,707 | +€2,484 | +203.1% |
| Other operating charges | 640/8 | €10,029 | €454 | -€9,574 | -95.5% |
| Gross operating margin | 9900 | €147,150 | €81,505 | -€65,645 | -44.6% |
| Operating profit (loss) | 9901 | €135,898 | €77,344 | -€58,554 | -43.1% |
| Financial income | 75/76B | €1,046 | €4,601 | +€3,556 | +340.1% |
| Recurring financial income | 75 | €1,046 | €4,601 | +€3,556 | +340.1% |
| Financial charges | 65/66B | €133 | €346 | +€213 | +160.0% |
| Recurring financial charges | 65 | €133 | €346 | +€213 | +160.0% |
| Profit (loss) for the period before taxes | 9903 | €136,811 | €81,599 | -€55,212 | -40.4% |
| Income taxes | 67/77 | €32,738 | €16,831 | -€15,907 | -48.6% |
| Profit (loss) for the period | 9904 | €104,073 | €64,768 | -€39,304 | -37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €104,073 | €64,768 | -€39,304 | -37.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.