CAPPINVEST: 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.
CAPPINVEST
Largest movements
- Tangible fixed assets +€150,368
new in 2025: €150,368
- Current investments -€133,025
down €133,025 (-26.6%), from €499,286 to €366,261
- Receivables within one year +€35,100
up €35,100 (+80.0%), from €43,857 to €78,957
- Cash +€23,551
up €23,551 (+24.6%), from €95,646 to €119,197
mainly Current investments (+€133,025) and Other debts (+€46,250)
- Other debts +€46,250
up €46,250 (+7.2%), from €640,867 to €687,117
- Profit (loss) carried forward +€20,495
up €20,495 (+31.9%), from -€64,150 to -€43,656
- Tax, wage and social debts +€9,321
new in 2025: €9,321
- Financial income +€44,951
up €44,951 (+234%), from €19,171 to €64,122
- Taxes +€11,207
new in 2025: €11,207
- Financial charges -€10,921
down €10,921 (-46.4%), from €23,545 to €12,624
- Gross operating margin -€8,978
down €8,978 (-95.0%), from -€9,447 to -€18,425
- Other operating charges +€894
up €894, from €0 to €894
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 | €638,788 | €714,782 | +€75,994 | +11.9% |
| Fixed assets | 21/28 | - | €150,368 | +€150,368 | |
| Tangible fixed assets | 22/27 | - | €150,368 | +€150,368 | |
| Land and buildings | 22 | - | €150,368 | +€150,368 | |
| Current assets | 29/58 | €638,788 | €564,414 | -€74,374 | -11.6% |
| Amounts receivable within one year | 40/41 | €43,857 | €78,957 | +€35,100 | +80.0% |
| Other amounts receivable | 41 | €43,857 | €78,957 | +€35,100 | +80.0% |
| Current investments | 50/53 | €499,286 | €366,261 | -€133,025 | -26.6% |
| Cash at bank and in hand | 54/58 | €95,646 | €119,197 | +€23,551 | +24.6% |
| Total equity and liabilities | 10/49 | €638,788 | €714,782 | +€75,994 | +11.9% |
| Equity | 10/15 | -€2,150 | €18,344 | +€20,495 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | - | -€62,000 | |
| Issued capital | 100 | €62,000 | - | -€62,000 | |
| Profit (loss) carried forward | 14 | -€64,150 | -€43,656 | +€20,495 | +31.9% |
| Amounts payable | 17/49 | €640,939 | €696,438 | +€55,499 | +8.7% |
| Amounts payable within one year | 42/48 | €640,939 | €696,438 | +€55,499 | +8.7% |
| Trade debts | 44 | €71 | - | -€71 | |
| Suppliers | 440/4 | €71 | - | -€71 | |
| Taxes, remuneration and social security | 45 | - | €9,321 | +€9,321 | |
| Taxes | 450/3 | - | €9,321 | +€9,321 | |
| Other amounts payable | 47/48 | €640,867 | €687,117 | +€46,250 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €477 | +€477 | |
| Other operating charges | 640/8 | €0 | €894 | +€894 | |
| Gross operating margin | 9900 | -€9,447 | -€18,425 | -€8,978 | -95.0% |
| Operating profit (loss) | 9901 | -€9,447 | -€19,796 | -€10,349 | -110% |
| Financial income | 75/76B | €19,171 | €64,122 | +€44,951 | +234% |
| Recurring financial income | 75 | €19,171 | €64,122 | +€44,951 | +234% |
| Financial charges | 65/66B | €23,545 | €12,624 | -€10,921 | -46.4% |
| Recurring financial charges | 65 | €23,545 | €12,624 | -€10,921 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,821 | €31,702 | +€45,522 | |
| Income taxes | 67/77 | - | €11,207 | +€11,207 | |
| Profit (loss) for the period | 9904 | -€13,821 | €20,495 | +€34,316 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,821 | €20,495 | +€34,316 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.