CAPPUCCINI: 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.
CAPPUCCINI
Largest movements
- Formation expenses +€46,797
new in 2025: €46,797
- Tangible fixed assets -€11,044
down €11,044 (-43.1%), from €25,649 to €14,605
of which Furniture and vehicles: -€9,838
- Receivables within one year -€7,323
down €7,323 (-81.7%), from €8,962 to €1,639
of which Other amounts receivable: -€8,962
- Stocks and contracts +€4,798
up €4,798 (+107%), from €4,474 to €9,272
- Trade debts +€41,102
up €41,102 (+121%), from €34,037 to €75,140
- Other debts +€30,466
new in 2025: €30,466
- Profit (loss) carried forward -€25,705
down €25,705 (-99.2%), from -€25,923 to -€51,628
- Tax, wage and social debts -€5,723
down €5,723 (-23.1%), from €24,732 to €19,008
of which Remuneration and social security: -€4,916
- Debts after one year -€4,832
no longer reported in 2025 (was €4,832)
- Staff costs +€48,614
up €48,614 (+27.1%), from €179,583 to €228,197
- Gross operating margin -€33,658
down €33,658 (-17.1%), from €196,987 to €163,329
- Depreciation -€7,289
down €7,289 (-70.4%), from €10,347 to €3,059
- Other operating charges -€2,593
down €2,593 (-55.3%), from €4,691 to €2,098
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 | €64,376 | €96,410 | +€32,035 | +49.8% |
| Formation expenses | 20 | - | €46,797 | +€46,797 | |
| Fixed assets | 21/28 | €25,649 | €14,605 | -€11,044 | -43.1% |
| Tangible fixed assets | 22/27 | €25,649 | €14,605 | -€11,044 | -43.1% |
| Plant, machinery and equipment | 23 | €15,811 | €14,605 | -€1,206 | -7.6% |
| Furniture and vehicles | 24 | €9,838 | - | -€9,838 | |
| Current assets | 29/58 | €38,727 | €35,009 | -€3,718 | -9.6% |
| Stocks and contracts in progress | 3 | €4,474 | €9,272 | +€4,798 | +107% |
| Stocks | 30/36 | €4,474 | €9,272 | +€4,798 | +107% |
| Amounts receivable within one year | 40/41 | €8,962 | €1,639 | -€7,323 | -81.7% |
| Trade receivables | 40 | - | €1,639 | +€1,639 | |
| Other amounts receivable | 41 | €8,962 | - | -€8,962 | |
| Cash at bank and in hand | 54/58 | €24,522 | €24,098 | -€424 | -1.7% |
| Deferred charges and accrued income | 490/1 | €770 | - | -€770 | |
| Total equity and liabilities | 10/49 | €64,376 | €96,410 | +€32,035 | +49.8% |
| Equity | 10/15 | -€7,331 | -€33,036 | -€25,705 | -351% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,923 | -€51,628 | -€25,705 | -99.2% |
| Amounts payable | 17/49 | €71,707 | €129,446 | +€57,739 | +80.5% |
| Amounts payable after more than one year | 17 | €4,832 | - | -€4,832 | |
| Financial debts | 170/4 | €4,832 | - | -€4,832 | |
| Amounts payable within one year | 42/48 | €66,875 | €129,446 | +€62,571 | +93.6% |
| Current portion of amounts payable after more than one year | 42 | €8,106 | €4,832 | -€3,274 | -40.4% |
| Trade debts | 44 | €34,037 | €75,140 | +€41,102 | +121% |
| Suppliers | 440/4 | €34,037 | €75,140 | +€41,102 | +121% |
| Taxes, remuneration and social security | 45 | €24,732 | €19,008 | -€5,723 | -23.1% |
| Taxes | 450/3 | €3,496 | €2,689 | -€807 | -23.1% |
| Remuneration and social security | 454/9 | €21,236 | €16,320 | -€4,916 | -23.2% |
| Other amounts payable | 47/48 | - | €30,466 | +€30,466 | |
| Remuneration, social security and pensions | 62 | €179,583 | €228,197 | +€48,614 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,347 | €3,059 | -€7,289 | -70.4% |
| Other operating charges | 640/8 | €4,691 | €2,098 | -€2,593 | -55.3% |
| Operating charges capitalised as restructuring costs | 649 | - | -€46,839 | -€46,839 | |
| Non-recurring operating charges | 66A | - | €1,707 | +€1,707 | |
| Gross operating margin | 9900 | €196,987 | €163,329 | -€33,658 | -17.1% |
| Operating profit (loss) | 9901 | €2,365 | -€24,892 | -€27,257 | |
| Financial charges | 65/66B | €1,284 | €813 | -€471 | -36.7% |
| Recurring financial charges | 65 | €1,284 | €813 | -€471 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €1,081 | -€25,705 | -€26,786 | |
| Profit (loss) for the period | 9904 | €1,081 | -€25,705 | -€26,786 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,081 | -€25,705 | -€26,786 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.