Cappenberg: 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.
Cappenberg
Largest movements
- Cash -€150,733
down €150,733 (-26.0%), from €580,621 to €429,888
mainly Debts within one year (-€242,476) and Contributions, distributions and other (-€40,722)
- Tangible fixed assets -€117,942
down €117,942 (-7.2%), from €1.6m to €1.5m
of which Land and buildings: -€117,121
- Receivables within one year -€89,172
down €89,172 (-17.2%), from €517,037 to €427,865
of which Other amounts receivable: -€59,030
- Debts within one year -€242,476
down €242,476 (-27.6%), from €879,480 to €637,004
- Investment grants -€40,722
down €40,722 (-4.2%), from €966,541 to €925,819
- Profit (loss) carried forward -€33,935
down €33,935 (-17.0%), from €199,448 to €165,513
- Debts after one year -€30,059
down €30,059 (-7.2%), from €417,143 to €387,084
- Staff costs -€65,536
down €65,536 (-25.6%), from €256,498 to €190,962
- Services and other goods -€24,182
down €24,182 (-9.4%), from €257,587 to €233,405
- Other operating income -€19,711
down €19,711 (-42.2%), from €46,661 to €26,950
- Other operating charges -€15,688
down €15,688 (-67.4%), from €23,281 to €7,593
- Depreciation -€10,806
down €10,806 (-7.7%), from €140,929 to €130,123
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,760,535 | €2,405,339 | -€355,196 | -12.9% |
| Fixed assets | 21/28 | €1,643,757 | €1,525,815 | -€117,942 | -7.2% |
| Tangible fixed assets | 22/27 | €1,643,457 | €1,525,515 | -€117,942 | -7.2% |
| Land and buildings | 22 | €1,613,701 | €1,496,580 | -€117,121 | -7.3% |
| Plant, machinery and equipment | 23 | €29,335 | €28,654 | -€681 | -2.3% |
| Furniture and vehicles | 24 | €421 | €281 | -€140 | -33.3% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Other financial fixed assets | 284/8 | €300 | €300 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €1,116,778 | €879,524 | -€237,254 | -21.2% |
| Stocks and contracts in progress | 3 | €799 | €799 | -€0 | 0.0% |
| Stocks | 30/36 | €799 | €799 | -€0 | 0.0% |
| Goods purchased for resale | 34 | €799 | €799 | -€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €517,037 | €427,865 | -€89,172 | -17.2% |
| Trade receivables | 40 | €58,387 | €28,244 | -€30,143 | -51.6% |
| Other amounts receivable | 41 | €458,651 | €399,621 | -€59,030 | -12.9% |
| Cash at bank and in hand | 54/58 | €580,621 | €429,888 | -€150,733 | -26.0% |
| Deferred charges and accrued income | 490/1 | €18,320 | €20,971 | +€2,651 | +14.5% |
| Total equity and liabilities | 10/49 | €2,760,535 | €2,405,339 | -€355,196 | -12.9% |
| Equity | 10/15 | €1,165,989 | €1,091,332 | -€74,657 | -6.4% |
| Profit (loss) carried forward | 14 | €199,448 | €165,513 | -€33,935 | -17.0% |
| Investment grants | 15 | €966,541 | €925,819 | -€40,722 | -4.2% |
| Amounts payable | 17/49 | €1,594,545 | €1,314,007 | -€280,538 | -17.6% |
| Amounts payable after more than one year | 17 | €417,143 | €387,084 | -€30,059 | -7.2% |
| Financial debts | 170/4 | €417,143 | €387,084 | -€30,059 | -7.2% |
| Credit institutions | 173 | €417,143 | €387,084 | -€30,059 | -7.2% |
| Amounts payable within one year | 42/48 | €879,480 | €637,004 | -€242,476 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €29,529 | €30,060 | +€531 | +1.8% |
| Trade debts | 44 | €91,162 | €35,719 | -€55,443 | -60.8% |
| Suppliers | 440/4 | €91,162 | €35,719 | -€55,443 | -60.8% |
| Taxes, remuneration and social security | 45 | €20,134 | €11,545 | -€8,589 | -42.7% |
| Taxes | 450/3 | €1,329 | €1,358 | +€29 | +2.2% |
| Remuneration and social security | 454/9 | €18,805 | €10,187 | -€8,618 | -45.8% |
| Accrued charges and deferred income | 492/3 | €297,922 | €289,919 | -€8,003 | -2.7% |
| Operating income | 70/76A | €640,706 | €569,361 | -€71,345 | -11.1% |
| Turnover | 70 | €40,922 | €39,268 | -€1,654 | -4.0% |
| Other operating income | 74 | €46,661 | €26,950 | -€19,711 | -42.2% |
| Operating charges | 60/66A | €702,737 | €595,158 | -€107,579 | -15.3% |
| Goods for resale, raw materials and consumables | 60 | €34,271 | €33,075 | -€1,196 | -3.5% |
| Purchases | 600/8 | €34,271 | - | -€34,271 | |
| Services and other goods | 61 | €257,587 | €233,405 | -€24,182 | -9.4% |
| Remuneration, social security and pensions | 62 | €256,498 | €190,962 | -€65,536 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,929 | €130,123 | -€10,806 | -7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,828 | - | +€9,828 | |
| Other operating charges | 640/8 | €23,281 | €7,593 | -€15,688 | -67.4% |
| Operating profit (loss) | 9901 | -€62,031 | -€25,797 | +€36,234 | +58.4% |
| Financial income | 75/76B | €44 | - | -€44 | |
| Recurring financial income | 75 | €44 | €2 | -€42 | -95.4% |
| Other financial income | 752/9 | €44 | €2 | -€42 | -95.4% |
| Financial charges | 65/66B | €8,579 | €8,141 | -€438 | -5.1% |
| Recurring financial charges | 65 | €8,579 | €8,141 | -€438 | -5.1% |
| Debt charges | 650 | €8,267 | €7,744 | -€523 | -6.3% |
| Other financial charges | 652/9 | €311 | €397 | +€86 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | -€70,565 | -€33,935 | +€36,630 | +51.9% |
| Profit (loss) for the period | 9904 | -€70,565 | -€33,935 | +€36,630 | +51.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,565 | -€33,935 | +€36,630 | +51.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.