Cappaert Nadja: 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.
Cappaert Nadja
Largest movements
- Tangible fixed assets +€32,062
up €32,062 (+183%), from €17,554 to €49,616
of which Other tangible fixed assets: +€38,702
- Receivables within one year -€13,589
down €13,589 (-54.6%), from €24,867 to €11,277
of which Other amounts receivable: -€6,996
- Cash -€8,084
down €8,084 (-21.1%), from €38,381 to €30,297
mainly Investment in fixed assets (net) (-€42,347) and Contributions, distributions and other (-€40,000)
- Other debts +€10,630
up €10,630, from €0 to €10,630
- Tax, wage and social debts +€8,880
up €8,880 (+224%), from €3,972 to €12,852
- Debts after one year -€5,591
down €5,591 (-66.1%), from €8,464 to €2,873
- Reserves -€3,044
down €3,044 (-5.4%), from €56,167 to €53,123
- Gross operating margin +€14,765
up €14,765 (+34.3%), from €43,103 to €57,868
- Depreciation +€2,318
up €2,318 (+29.1%), from €7,967 to €10,285
- Taxes +€2,135
up €2,135 (+28.1%), from €7,612 to €9,747
- Financial income +€707
up €707 (+666%), from €106 to €814
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.
Derived cash bridge
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 | €81,031 | €91,973 | +€10,942 | +13.5% |
| Fixed assets | 21/28 | €17,554 | €49,616 | +€32,062 | +183% |
| Tangible fixed assets | 22/27 | €17,554 | €49,616 | +€32,062 | +183% |
| Plant, machinery and equipment | 23 | €11 | €0 | -€11 | -100% |
| Furniture and vehicles | 24 | €9,896 | €3,267 | -€6,629 | -67.0% |
| Other tangible fixed assets | 26 | €7,647 | €46,349 | +€38,702 | +506% |
| Current assets | 29/58 | €63,477 | €42,357 | -€21,120 | -33.3% |
| Amounts receivable within one year | 40/41 | €24,867 | €11,277 | -€13,589 | -54.6% |
| Trade receivables | 40 | €17,870 | €11,277 | -€6,593 | -36.9% |
| Other amounts receivable | 41 | €6,996 | €0 | -€6,996 | -100% |
| Cash at bank and in hand | 54/58 | €38,381 | €30,297 | -€8,084 | -21.1% |
| Deferred charges and accrued income | 490/1 | €230 | €783 | +€553 | +240% |
| Total equity and liabilities | 10/49 | €81,031 | €91,973 | +€10,942 | +13.5% |
| Equity | 10/15 | €61,167 | €58,123 | -€3,044 | -5.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €56,167 | €53,123 | -€3,044 | -5.4% |
| Distributable reserves | 133 | €56,167 | €53,123 | -€3,044 | -5.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €19,863 | €33,850 | +€13,987 | +70.4% |
| Amounts payable after more than one year | 17 | €8,464 | €2,873 | -€5,591 | -66.1% |
| Financial debts | 170/4 | €8,464 | €2,873 | -€5,591 | -66.1% |
| Amounts payable within one year | 42/48 | €11,399 | €30,977 | +€19,577 | +172% |
| Current portion of amounts payable after more than one year | 42 | €5,390 | €5,591 | +€200 | +3.7% |
| Trade debts | 44 | €2,037 | €1,904 | -€133 | -6.5% |
| Suppliers | 440/4 | €2,037 | €1,904 | -€133 | -6.5% |
| Taxes, remuneration and social security | 45 | €3,972 | €12,852 | +€8,880 | +224% |
| Taxes | 450/3 | €3,972 | €12,852 | +€8,880 | +224% |
| Other amounts payable | 47/48 | €0 | €10,630 | +€10,630 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,967 | €10,285 | +€2,318 | +29.1% |
| Other operating charges | 640/8 | €1,144 | €1,190 | +€45 | +4.0% |
| Gross operating margin | 9900 | €43,103 | €57,868 | +€14,765 | +34.3% |
| Operating profit (loss) | 9901 | €33,991 | €46,393 | +€12,401 | +36.5% |
| Financial income | 75/76B | €106 | €814 | +€707 | +666% |
| Recurring financial income | 75 | €106 | €814 | +€707 | +666% |
| Financial charges | 65/66B | €692 | €504 | -€188 | -27.2% |
| Recurring financial charges | 65 | €692 | €504 | -€188 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €33,405 | €46,703 | +€13,297 | +39.8% |
| Income taxes | 67/77 | €7,612 | €9,747 | +€2,135 | +28.1% |
| Profit (loss) for the period | 9904 | €25,794 | €36,956 | +€11,162 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,794 | €36,956 | +€11,162 | +43.3% |
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 13 October 2026 via checked.be.