Capper-ine: 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.
Capper-ine
Largest movements
- Receivables after one year +€115,000
up €115,000 (+53.4%), from €215,299 to €330,299
- Tangible fixed assets -€84,057
down €84,057 (-9.3%), from €901,038 to €816,981
of which Land and buildings: -€73,067
- Receivables within one year +€24,551
up €24,551 (+70.7%), from €34,711 to €59,262
of which Other amounts receivable: +€25,564
- Debts after one year +€307,000
up €307,000 (+164.5%), from €186,649 to €493,649
- Other debts -€294,526
down €294,526 (-92.5%), from €318,440 to €23,914
- Reserves +€67,592
up €67,592 (+16.2%), from €418,216 to €485,809
- Trade debts -€16,122
down €16,122 (-5.9%), from €271,427 to €255,304
- Depreciation +€52,476
up €52,476 (+142.7%), from €36,775 to €89,251
- Gross operating margin +€51,098
up €51,098 (+10.0%), from €512,534 to €563,631
- Staff costs +€32,667
up €32,667 (+10.2%), from €319,997 to €352,664
- Taxes -€7,816
down €7,816 (-17.4%), from €44,948 to €37,132
- Financial charges +€6,281
up €6,281 (+83.2%), from €7,552 to €13,833
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 | €1,333,849 | €1,401,233 | +€67,384 | +5.1% |
| Fixed assets | 21/28 | €901,238 | €817,181 | -€84,057 | -9.3% |
| Tangible fixed assets | 22/27 | €901,038 | €816,981 | -€84,057 | -9.3% |
| Land and buildings | 22 | €836,949 | €763,882 | -€73,067 | -8.7% |
| Plant, machinery and equipment | 23 | €2,445 | €1,402 | -€1,043 | -42.7% |
| Furniture and vehicles | 24 | €4,437 | €3,013 | -€1,424 | -32.1% |
| Other tangible fixed assets | 26 | €57,207 | €48,685 | -€8,523 | -14.9% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €432,611 | €584,052 | +€151,441 | +35.0% |
| Amounts receivable after more than one year | 29 | €215,299 | €330,299 | +€115,000 | +53.4% |
| Trade receivables | 290 | €215,299 | €330,299 | +€115,000 | +53.4% |
| Stocks and contracts in progress | 3 | €28,400 | €34,867 | +€6,467 | +22.8% |
| Stocks | 30/36 | €28,400 | €34,867 | +€6,467 | +22.8% |
| Amounts receivable within one year | 40/41 | €34,711 | €59,262 | +€24,551 | +70.7% |
| Trade receivables | 40 | €1,013 | - | -€1,013 | |
| Other amounts receivable | 41 | €33,698 | €59,262 | +€25,564 | +75.9% |
| Cash at bank and in hand | 54/58 | €153,012 | €156,107 | +€3,095 | +2.0% |
| Deferred charges and accrued income | 490/1 | €1,189 | €3,517 | +€2,329 | +195.9% |
| Total equity and liabilities | 10/49 | €1,333,849 | €1,401,233 | +€67,384 | +5.1% |
| Equity | 10/15 | €438,816 | €506,409 | +€67,592 | +15.4% |
| Contributions | 10/11 | €20,600 | €20,600 | = | 0.0% |
| Reserves | 13 | €418,216 | €485,809 | +€67,592 | +16.2% |
| Distributable reserves | 133 | €418,216 | €485,809 | +€67,592 | +16.2% |
| Amounts payable | 17/49 | €895,033 | €894,824 | -€208 | 0.0% |
| Amounts payable after more than one year | 17 | €186,649 | €493,649 | +€307,000 | +164.5% |
| Financial debts | 170/4 | €186,649 | €493,649 | +€307,000 | +164.5% |
| Amounts payable within one year | 42/48 | €706,638 | €399,430 | -€307,208 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €16,602 | €24,923 | +€8,321 | +50.1% |
| Financial debts | 43 | €4,126 | €4,118 | -€8 | -0.2% |
| Credit institutions | 430/8 | €4,126 | €4,118 | -€8 | -0.2% |
| Trade debts | 44 | €271,427 | €255,304 | -€16,122 | -5.9% |
| Suppliers | 440/4 | €271,427 | €255,304 | -€16,122 | -5.9% |
| Taxes, remuneration and social security | 45 | €96,043 | €91,170 | -€4,873 | -5.1% |
| Taxes | 450/3 | €58,483 | €47,100 | -€11,383 | -19.5% |
| Remuneration and social security | 454/9 | €37,560 | €44,071 | +€6,510 | +17.3% |
| Other amounts payable | 47/48 | €318,440 | €23,914 | -€294,526 | -92.5% |
| Accrued charges and deferred income | 492/3 | €1,746 | €1,746 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €319,997 | €352,664 | +€32,667 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,775 | €89,251 | +€52,476 | +142.7% |
| Other operating charges | 640/8 | €3,793 | €3,500 | -€293 | -7.7% |
| Gross operating margin | 9900 | €512,534 | €563,631 | +€51,098 | +10.0% |
| Operating profit (loss) | 9901 | €151,969 | €118,217 | -€33,752 | -22.2% |
| Financial income | 75/76B | €198 | €340 | +€142 | +72.0% |
| Recurring financial income | 75 | €198 | €340 | +€142 | +72.0% |
| Financial charges | 65/66B | €7,552 | €13,833 | +€6,281 | +83.2% |
| Recurring financial charges | 65 | €7,552 | €13,833 | +€6,281 | +83.2% |
| Profit (loss) for the period before taxes | 9903 | €144,615 | €104,724 | -€39,891 | -27.6% |
| Income taxes | 67/77 | €44,948 | €37,132 | -€7,816 | -17.4% |
| Profit (loss) for the period | 9904 | €99,667 | €67,592 | -€32,074 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €99,667 | €67,592 | -€32,074 | -32.2% |
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.