CAPPY: 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.
CAPPY
Largest movements
- Tangible fixed assets +€27,832
up €27,832 (+69.7%), from €39,957 to €67,789
of which Leasing and similar rights: +€29,244
- Cash +€21,646
up €21,646 (+8.1%), from €267,062 to €288,708
mainly Net result for the year (+€25,713) and Debts after one year (+€17,772)
- Receivables within one year -€12,127
down €12,127 (-31.8%), from €38,094 to €25,967
of which Trade receivables: -€15,679
- Reserves +€25,713
up €25,713 (+13.6%), from €189,130 to €214,842
- Debts after one year +€17,772
up €17,772 (+88.4%), from €20,103 to €37,875
- Other debts -€13,503
down €13,503 (-12.4%), from €108,984 to €95,480
- Current portion of long-term debt +€7,267
up €7,267 (+77.5%), from €9,377 to €16,644
- Gross operating margin -€18,349
down €18,349 (-26.4%), from €69,569 to €51,220
- Depreciation +€7,655
up €7,655 (+120.0%), from €6,378 to €14,033
- Taxes -€3,552
down €3,552 (-28.2%), from €12,587 to €9,035
- Financial charges +€1,343
up €1,343 (+189.8%), from €708 to €2,051
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 | €347,490 | €388,070 | +€40,580 | +11.7% |
| Fixed assets | 21/28 | €39,957 | €67,789 | +€27,832 | +69.7% |
| Tangible fixed assets | 22/27 | €39,957 | €67,789 | +€27,832 | +69.7% |
| Land and buildings | 22 | €31,818 | €30,758 | -€1,061 | -3.3% |
| Plant, machinery and equipment | 23 | €352 | €0 | -€352 | -100.0% |
| Leasing and similar rights | 25 | €7,787 | €37,031 | +€29,244 | +375.6% |
| Current assets | 29/58 | €307,533 | €320,281 | +€12,748 | +4.1% |
| Amounts receivable within one year | 40/41 | €38,094 | €25,967 | -€12,127 | -31.8% |
| Trade receivables | 40 | €34,681 | €19,003 | -€15,679 | -45.2% |
| Other amounts receivable | 41 | €3,413 | €6,965 | +€3,552 | +104.1% |
| Cash at bank and in hand | 54/58 | €267,062 | €288,708 | +€21,646 | +8.1% |
| Deferred charges and accrued income | 490/1 | €2,377 | €5,605 | +€3,229 | +135.9% |
| Total equity and liabilities | 10/49 | €347,490 | €388,070 | +€40,580 | +11.7% |
| Equity | 10/15 | €201,530 | €227,242 | +€25,713 | +12.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €189,130 | €214,842 | +€25,713 | +13.6% |
| Distributable reserves | 133 | €189,130 | €214,842 | +€25,713 | +13.6% |
| Amounts payable | 17/49 | €145,961 | €160,828 | +€14,867 | +10.2% |
| Amounts payable after more than one year | 17 | €20,103 | €37,875 | +€17,772 | +88.4% |
| Financial debts | 170/4 | €20,103 | €37,875 | +€17,772 | +88.4% |
| Amounts payable within one year | 42/48 | €125,858 | €122,953 | -€2,905 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €9,377 | €16,644 | +€7,267 | +77.5% |
| Trade debts | 44 | €444 | €273 | -€171 | -38.5% |
| Suppliers | 440/4 | €444 | €273 | -€171 | -38.5% |
| Taxes, remuneration and social security | 45 | €7,053 | €10,555 | +€3,502 | +49.6% |
| Taxes | 450/3 | €7,053 | €10,555 | +€3,502 | +49.6% |
| Other amounts payable | 47/48 | €108,984 | €95,480 | -€13,503 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,378 | €14,033 | +€7,655 | +120.0% |
| Other operating charges | 640/8 | €428 | €387 | -€41 | -9.6% |
| Gross operating margin | 9900 | €69,569 | €51,220 | -€18,349 | -26.4% |
| Operating profit (loss) | 9901 | €62,762 | €36,799 | -€25,963 | -41.4% |
| Financial charges | 65/66B | €708 | €2,051 | +€1,343 | +189.8% |
| Recurring financial charges | 65 | €708 | €2,051 | +€1,343 | +189.8% |
| Profit (loss) for the period before taxes | 9903 | €62,054 | €34,748 | -€27,306 | -44.0% |
| Income taxes | 67/77 | €12,587 | €9,035 | -€3,552 | -28.2% |
| Profit (loss) for the period | 9904 | €49,467 | €25,713 | -€23,754 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,467 | €25,713 | -€23,754 | -48.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.