CAPPELLE: 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.
What changed
CAPPELLE
NACE 46.216, Wholesale of agricultural produce and animal feed, general range
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €1.4m-€9,511
Equity
€5.7m
2024 · €5.3m+€445,447
Cash
€2.6m
2024 · €2.3m+€283,409
Balance sheet total
€7.2m
2024 · €6.5m+€701,660
Largest movements
Assets
- Receivables within one year +€733,450
up €733,450 (+43.3%), from €1.7m to €2.4m
of which Trade receivables: +€772,010
- Stocks and contracts -€417,590
down €417,590 (-17.9%), from €2.3m to €1.9m
- Cash +€283,409
up €283,409 (+12.4%), from €2.3m to €2.6m
mainly Net result for the year (+€1.4m) and Stocks and contracts (+€417,590)
- Tangible fixed assets +€98,694
up €98,694 (+64.2%), from €153,642 to €252,336
of which Furniture and vehicles: +€95,252
Equity and liabilities
- Reserves +€445,447
up €445,447 (+8.8%), from €5.1m to €5.5m
of which Distributable reserves: +€445,447
- Tax, wage and social debts +€248,178
up €248,178 (+122.8%), from €202,028 to €450,206
of which Remuneration and social security: +€125,930
- Trade debts +€118,170
up €118,170 (+12.5%), from €943,891 to €1.1m
- Advances received -€110,134
down €110,134 (-100.0%), from €110,134 to €0
Income statement
- Staff costs +€291,292
up €291,292 (+27.9%), from €1.0m to €1.3m
- Goods and materials -€249,118
down €249,118 (-2.1%), from €11.9m to €11.6m
of which Purchases: -€914,107
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.
Result 2024
€1.4m
Turnover
-€92,667
Other operating income
-€3,863
Goods and materials
+€249,118
Services and other goods
-€41,692
Staff costs
-€291,292
Depreciation
-€8,182
Write-downs
+€127,626
Other operating charges
-€785
Other operating items
-€7,871
Financial income
+€20,123
Financial charges
+€34,632
Taxes
+€5,343
Result 2025
€1.4m
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.
From operations
+€1.4m
Investment
-€178,854
Financing
-€970,000
Cash 2024
€2.3m
From operations (derived)
+€1.4m
Net result for the year
+€1.4m
Depreciation
+€80,159
Stocks and contracts
+€417,590
Receivables within one year
-€733,450
Deferred charges and accrued income
-€3,697
Trade debts
+€118,170
Tax, wage and social debts
+€248,178
Advances received
-€110,134
Investment (derived)
-€178,854
Investment in fixed assets (net)
-€178,854
Financing
-€970,000
Contributions, distributions and other
-€970,000
Cash 2025
€2.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,534,202 | €7,235,862 | +€701,660 | +10.7% |
| Fixed assets | 21/28 | €178,642 | €277,336 | +€98,694 | +55.2% |
| Tangible fixed assets | 22/27 | €153,642 | €252,336 | +€98,694 | +64.2% |
| Plant, machinery and equipment | 23 | €26,750 | €34,982 | +€8,231 | +30.8% |
| Furniture and vehicles | 24 | €74,391 | €169,642 | +€95,252 | +128.0% |
| Other tangible fixed assets | 26 | €52,500 | €47,712 | -€4,789 | -9.1% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Affiliated companies | 280/1 | €25,000 | €25,000 | = | 0.0% |
| Participating interests | 280 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €6,355,560 | €6,958,526 | +€602,966 | +9.5% |
| Stocks and contracts in progress | 3 | €2,331,321 | €1,913,731 | -€417,590 | -17.9% |
| Stocks | 30/36 | €2,331,321 | €1,913,731 | -€417,590 | -17.9% |
| Goods purchased for resale | 34 | €2,331,321 | €1,913,731 | -€417,590 | -17.9% |
| Amounts receivable within one year | 40/41 | €1,695,323 | €2,428,773 | +€733,450 | +43.3% |
| Trade receivables | 40 | €1,623,344 | €2,395,354 | +€772,010 | +47.6% |
| Other amounts receivable | 41 | €71,979 | €33,420 | -€38,560 | -53.6% |
| Cash at bank and in hand | 54/58 | €2,279,133 | €2,562,542 | +€283,409 | +12.4% |
| Deferred charges and accrued income | 490/1 | €49,784 | €53,481 | +€3,697 | +7.4% |
| Total equity and liabilities | 10/49 | €6,534,202 | €7,235,862 | +€701,660 | +10.7% |
| Equity | 10/15 | €5,278,148 | €5,723,595 | +€445,447 | +8.4% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Capital | 10 | €198,315 | €198,315 | = | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €5,079,834 | €5,525,280 | +€445,447 | +8.8% |
| Non-distributable reserves | 130/1 | €217,777 | €217,777 | = | 0.0% |
| Legal reserve | 130 | €217,777 | €217,777 | = | 0.0% |
| Distributable reserves | 133 | €4,862,057 | €5,307,503 | +€445,447 | +9.2% |
| Amounts payable | 17/49 | €1,256,054 | €1,512,267 | +€256,214 | +20.4% |
| Amounts payable within one year | 42/48 | €1,256,054 | €1,512,267 | +€256,214 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €943,891 | €1,062,061 | +€118,170 | +12.5% |
| Suppliers | 440/4 | €943,891 | €1,062,061 | +€118,170 | +12.5% |
| Advances received on contracts in progress | 46 | €110,134 | €0 | -€110,134 | -100.0% |
| Taxes, remuneration and social security | 45 | €202,028 | €450,206 | +€248,178 | +122.8% |
| Taxes | 450/3 | €63,536 | €185,783 | +€122,247 | +192.4% |
| Remuneration and social security | 454/9 | €138,493 | €264,423 | +€125,930 | +90.9% |
| Operating income | 70/76A | €16,479,721 | €16,383,191 | -€96,530 | -0.6% |
| Turnover | 70 | €16,367,562 | €16,274,894 | -€92,667 | -0.6% |
| Other operating income | 74 | €112,159 | €108,296 | -€3,863 | -3.4% |
| Non-recurring operating income | 76A | €0 | €1 | +€1 | |
| Operating charges | 60/66A | €14,378,301 | €14,351,380 | -€26,921 | -0.2% |
| Goods for resale, raw materials and consumables | 60 | €11,893,999 | €11,644,881 | -€249,118 | -2.1% |
| Purchases | 600/8 | €12,141,398 | €11,227,291 | -€914,107 | -7.5% |
| Change in stocks: decrease (increase) | 609 | -€247,399 | €417,590 | +€664,989 | |
| Services and other goods | 61 | €1,166,986 | €1,208,678 | +€41,692 | +3.6% |
| Remuneration, social security and pensions | 62 | €1,042,595 | €1,333,888 | +€291,292 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,978 | €80,159 | +€8,182 | +11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €127,626 | €0 | -€127,626 | -100.0% |
| Other operating charges | 640/8 | €75,117 | €75,903 | +€785 | +1.0% |
| Non-recurring operating charges | 66A | - | €7,872 | +€7,872 | |
| Operating profit (loss) | 9901 | €2,101,420 | €2,031,811 | -€69,609 | -3.3% |
| Financial income | 75/76B | €24,442 | €44,565 | +€20,123 | +82.3% |
| Recurring financial income | 75 | €24,442 | €44,565 | +€20,123 | +82.3% |
| Income from current assets | 751 | €8,575 | €18,678 | +€10,104 | +117.8% |
| Other financial income | 752/9 | €15,867 | €25,886 | +€10,019 | +63.1% |
| Financial charges | 65/66B | €208,821 | €174,190 | -€34,632 | -16.6% |
| Recurring financial charges | 65 | €208,821 | €174,190 | -€34,632 | -16.6% |
| Debt charges | 650 | €5,076 | €13,486 | +€8,410 | +165.7% |
| Other financial charges | 652/9 | €203,745 | €160,703 | -€43,042 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €1,917,040 | €1,902,186 | -€14,854 | -0.8% |
| Income taxes | 67/77 | €492,082 | €486,739 | -€5,343 | -1.1% |
| Taxes | 670/3 | €492,082 | €486,739 | -€5,343 | -1.1% |
| Profit (loss) for the period | 9904 | €1,424,958 | €1,415,447 | -€9,511 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,424,958 | €1,415,447 | -€9,511 | -0.7% |
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 8 October 2026 via checked.be.