CAPPELLE FRERES: 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.
What changed
CAPPELLE FRERES
NACE 01.610, Support activities for crop production
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€18,626
2024 · -€137,090+€155,717
Equity
€269,681
2024 · €258,211+€11,470
Cash
€26,442
2024 · €3,797+€22,644
Balance sheet total
€3.1m
2024 · €3.2m-€141,336
Largest movements
Assets
- Tangible fixed assets -€339,412
down €339,412 (-12.1%), from €2.8m to €2.5m
of which Plant, machinery and equipment: -€313,200
- Receivables within one year +€162,736
up €162,736 (+44.9%), from €362,336 to €525,071
of which Trade receivables: +€157,796
Equity and liabilities
- Debts after one year -€175,035
down €175,035 (-9.1%), from €1.9m to €1.7m
- Current portion of long-term debt +€136,235
up €136,235 (+69.2%), from €197,007 to €333,242
- Trade debts -€105,309
down €105,309 (-19.2%), from €549,040 to €443,731
Income statement
- Turnover -€706,484
no longer reported in 2025 (was €706,484)
- Purchases and services -€472,774
no longer reported in 2025 (was €472,774)
- Gross operating margin +€212,426
up €212,426 (+82.0%), from €258,970 to €471,396
- Other operating charges +€89,735
up €89,735 (+7,618%), from €1,178 to €90,913
- Financial charges -€12,020
down €12,020 (-11.2%), from €107,130 to €95,110
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
-€137,090
Gross operating margin
+€212,426
Depreciation
+€10,613
Other operating charges
-€89,735
Financial income
+€10,393
Financial charges
+€12,020
Result 2025
€18,626
raises the resultlowers the result
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.
From operations
+€39,957
Investment
+€28,644
Financing
-€45,956
Cash 2024
€3,797
From operations (derived)
+€39,957
Net result for the year
+€18,626
Depreciation
+€310,768
Stocks and contracts
-€3,967
Receivables within one year
-€162,736
Deferred charges and accrued income
-€8,728
Provisions
-€18,805
Trade debts
-€105,309
Other debts
+€10,107
Investment (derived)
+€28,644
Investment in fixed assets (net)
+€28,644
Financing
-€45,956
Debts after one year
-€175,035
Current portion of long-term debt
+€136,235
Contributions, distributions and other
-€7,156
Cash 2025
€26,442
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,228,407 | €3,087,071 | -€141,336 | -4.4% |
| Fixed assets | 21/28 | €2,812,969 | €2,473,557 | -€339,412 | -12.1% |
| Tangible fixed assets | 22/27 | €2,809,549 | €2,470,137 | -€339,412 | -12.1% |
| Land and buildings | 22 | €840,505 | €814,637 | -€25,868 | -3.1% |
| Plant, machinery and equipment | 23 | €1,968,502 | €1,655,303 | -€313,200 | -15.9% |
| Furniture and vehicles | 24 | €542 | €197 | -€345 | -63.6% |
| Financial fixed assets | 28 | €3,420 | €3,420 | = | 0.0% |
| Current assets | 29/58 | €415,438 | €613,513 | +€198,076 | +47.7% |
| Stocks and contracts in progress | 3 | €48,634 | €52,601 | +€3,967 | +8.2% |
| Stocks | 30/36 | €48,634 | €52,601 | +€3,967 | +8.2% |
| Amounts receivable within one year | 40/41 | €362,336 | €525,071 | +€162,736 | +44.9% |
| Trade receivables | 40 | €347,228 | €505,024 | +€157,796 | +45.4% |
| Other amounts receivable | 41 | €15,108 | €20,047 | +€4,939 | +32.7% |
| Cash at bank and in hand | 54/58 | €3,797 | €26,442 | +€22,644 | +596% |
| Deferred charges and accrued income | 490/1 | €670 | €9,399 | +€8,728 | +1,302% |
| Total equity and liabilities | 10/49 | €3,228,407 | €3,087,071 | -€141,336 | -4.4% |
| Equity | 10/15 | €258,211 | €269,681 | +€11,470 | +4.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €110,971 | €117,210 | +€6,239 | +5.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €104,771 | €69,848 | -€34,924 | -33.3% |
| Distributable reserves | 133 | - | €41,162 | +€41,162 | |
| Profit (loss) carried forward | 14 | -€12,388 | - | +€12,388 | |
| Investment grants | 15 | €97,628 | €90,472 | -€7,156 | -7.3% |
| Provisions and deferred taxes | 16 | €56,415 | €37,610 | -€18,805 | -33.3% |
| Deferred taxes | 168 | €56,415 | €37,610 | -€18,805 | -33.3% |
| Amounts payable | 17/49 | €2,913,780 | €2,779,779 | -€134,001 | -4.6% |
| Amounts payable after more than one year | 17 | €1,917,429 | €1,742,395 | -€175,035 | -9.1% |
| Financial debts | 170/4 | €1,917,429 | €1,742,395 | -€175,035 | -9.1% |
| Amounts payable within one year | 42/48 | €996,351 | €1,037,384 | +€41,033 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €197,007 | €333,242 | +€136,235 | +69.2% |
| Financial debts | 43 | €40,012 | €40,012 | = | 0.0% |
| Credit institutions | 430/8 | €40,012 | €40,012 | = | 0.0% |
| Trade debts | 44 | €549,040 | €443,731 | -€105,309 | -19.2% |
| Suppliers | 440/4 | €549,040 | €443,731 | -€105,309 | -19.2% |
| Other amounts payable | 47/48 | €210,293 | €220,400 | +€10,107 | +4.8% |
| Turnover | 70 | €706,484 | - | -€706,484 | |
| Goods, raw materials, services and sundry goods | 60/61 | €472,774 | - | -€472,774 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €321,381 | €310,768 | -€10,613 | -3.3% |
| Other operating charges | 640/8 | €1,178 | €90,913 | +€89,735 | +7,618% |
| Gross operating margin | 9900 | €258,970 | €471,396 | +€212,426 | +82.0% |
| Operating profit (loss) | 9901 | -€63,589 | €69,715 | +€133,304 | |
| Financial income | 75/76B | €14,823 | €25,216 | +€10,393 | +70.1% |
| Recurring financial income | 75 | €14,823 | €25,216 | +€10,393 | +70.1% |
| Financial charges | 65/66B | €107,130 | €95,110 | -€12,020 | -11.2% |
| Recurring financial charges | 65 | €107,130 | €95,110 | -€12,020 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€155,895 | -€179 | +€155,717 | +99.9% |
| Transfer from deferred taxes | 780 | €18,805 | €18,805 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€137,090 | €18,626 | +€155,717 | |
| Transfer from tax-exempt reserves | 789 | €34,924 | €34,924 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€102,167 | €53,550 | +€155,717 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.