CAPPLUS: 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.
CAPPLUS
Largest movements
- Current investments -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Cash -€101,975
down €101,975 (-80.2%), from €127,094 to €25,120
mainly Other debts (-€255,028) and Receivables within one year (-€68,359)
- Receivables within one year +€68,359
up €68,359 (+932.3%), from €7,332 to €75,691
of which Other amounts receivable: +€49,453
- Other debts -€255,028
down €255,028 (-100.0%), from €255,028 to €0
- Reserves +€11,972
up €11,972 (+16.8%), from €71,074 to €83,046
- Trade debts +€11,893
up €11,893 (+2692.9%), from €442 to €12,334
- Gross operating margin -€42,895
down €42,895 (-74.8%), from €57,351 to €14,456
- Taxes -€10,415
down €10,415 (-66.6%), from €15,642 to €5,227
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 | €336,860 | €102,700 | -€234,160 | -69.5% |
| Fixed assets | 21/28 | €1,189 | €647 | -€543 | -45.6% |
| Tangible fixed assets | 22/27 | €1,189 | €647 | -€543 | -45.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,189 | €647 | -€543 | -45.6% |
| Current assets | 29/58 | €335,671 | €102,054 | -€233,617 | -69.6% |
| Amounts receivable within one year | 40/41 | €7,332 | €75,691 | +€68,359 | +932.3% |
| Trade receivables | 40 | €1,922 | €20,828 | +€18,905 | +983.4% |
| Other amounts receivable | 41 | €5,410 | €54,863 | +€49,453 | +914.1% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €127,094 | €25,120 | -€101,975 | -80.2% |
| Deferred charges and accrued income | 490/1 | €1,244 | €1,243 | -€1 | -0.1% |
| Total equity and liabilities | 10/49 | €336,860 | €102,700 | -€234,160 | -69.5% |
| Equity | 10/15 | €77,274 | €89,246 | +€11,972 | +15.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €71,074 | €83,046 | +€11,972 | +16.8% |
| Distributable reserves | 133 | €71,074 | €83,046 | +€11,972 | +16.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €259,586 | €13,454 | -€246,132 | -94.8% |
| Amounts payable within one year | 42/48 | €259,586 | €13,454 | -€246,132 | -94.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €442 | €12,334 | +€11,893 | +2692.9% |
| Suppliers | 440/4 | €442 | €12,334 | +€11,893 | +2692.9% |
| Taxes, remuneration and social security | 45 | €4,116 | €1,120 | -€2,996 | -72.8% |
| Taxes | 450/3 | €4,116 | €1,120 | -€2,996 | -72.8% |
| Other amounts payable | 47/48 | €255,028 | €0 | -€255,028 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €982 | €543 | -€439 | -44.7% |
| Other operating charges | 640/8 | €511 | €528 | +€17 | +3.4% |
| Gross operating margin | 9900 | €57,351 | €14,456 | -€42,895 | -74.8% |
| Operating profit (loss) | 9901 | €55,858 | €13,385 | -€42,473 | -76.0% |
| Financial income | 75/76B | €3,716 | €4,129 | +€413 | +11.1% |
| Recurring financial income | 75 | €3,716 | €4,129 | +€413 | +11.1% |
| Financial charges | 65/66B | €214 | €315 | +€102 | +47.6% |
| Recurring financial charges | 65 | €214 | €315 | +€102 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | €59,361 | €17,199 | -€42,162 | -71.0% |
| Income taxes | 67/77 | €15,642 | €5,227 | -€10,415 | -66.6% |
| Profit (loss) for the period | 9904 | €43,719 | €11,972 | -€31,747 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,719 | €11,972 | -€31,747 | -72.6% |
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 6 October 2026 via checked.be.