Capra: 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.
What changed
Capra
NACE 10.510, Manufacture of food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €1.7m+€291,664
Equity
€20.8m
2024 · €22.3m-€1.5m
Cash
€5,324
2024 · €672+€4,651
Balance sheet total
€34.7m
2024 · €32.8m+€1.9m
Largest movements
Assets
- Receivables within one year -€3.3m
down €3.3m (-21.1%), from €15.8m to €12.5m
of which Other amounts receivable: -€2.3m
- Tangible fixed assets +€2.9m
up €2.9m (+54.3%), from €5.4m to €8.3m
of which Assets under construction and advance payments: +€3.0m
- Stocks and contracts +€2.3m
up €2.3m (+20.1%), from €11.5m to €13.9m
Equity and liabilities
- Other debts +€2.0m
up €2.0m (+133.1%), from €1.5m to €3.5m
- Profit (loss) carried forward -€1.6m
down €1.6m (-11.3%), from €14.1m to €12.5m
- Trade debts +€1.4m
up €1.4m (+18.5%), from €7.6m to €9.0m
Income statement
- Services and other goods +€1.8m
up €1.8m (+14.6%), from €12.0m to €13.8m
- Turnover -€1.7m
down €1.7m (-1.9%), from €87.5m to €85.8m
- Goods and materials +€1.5m
up €1.5m (+2.4%), from €62.6m to €64.2m
of which Purchases: +€1.2m
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.
Result 2024
€1.7m
Turnover
-€1.7m
Other operating income
+€103,059
Goods and materials
-€1.5m
Services and other goods
-€1.8m
Staff costs
-€73,098
Depreciation
+€45,271
Other operating charges
-€8,554
Other operating items
+€5.1m
Financial income
+€60,366
Financial charges
-€5,565
Taxes
-€16,802
Result 2025
€2.0m
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.
From operations
+€7.1m
Investment
-€3.6m
Financing
-€3.5m
Cash 2024
€672
From operations (derived)
+€7.1m
Net result for the year
+€2.0m
Depreciation
+€668,063
Stocks and contracts
-€2.3m
Receivables within one year
+€3.3m
Smaller working-capital items
-€3,209
Trade debts
+€1.4m
Other debts
+€2.0m
Investment (derived)
-€3.6m
Investment in fixed assets (net)
-€3.6m
Financing
-€3.5m
Contributions, distributions and other
-€3.5m
Cash 2025
€5,324
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,824,155 | €34,727,210 | +€1.9m | +5.8% |
| Fixed assets | 21/28 | €5,397,048 | €8,328,549 | +€2.9m | +54.3% |
| Intangible fixed assets | 21 | €2,134 | €1,541 | -€593 | -27.8% |
| Tangible fixed assets | 22/27 | €5,394,914 | €8,327,008 | +€2.9m | +54.3% |
| Land and buildings | 22 | €2,996,006 | €2,847,978 | -€148,028 | -4.9% |
| Plant, machinery and equipment | 23 | €2,236,993 | €2,283,028 | +€46,035 | +2.1% |
| Furniture and vehicles | 24 | €8,335 | €6,304 | -€2,030 | -24.4% |
| Leasing and similar rights | 25 | €213 | - | -€213 | |
| Assets under construction and advance payments | 27 | €153,368 | €3,189,698 | +€3.0m | +1979.8% |
| Current assets | 29/58 | €27,427,107 | €26,398,661 | -€1.0m | -3.7% |
| Stocks and contracts in progress | 3 | €11,536,493 | €13,853,167 | +€2.3m | +20.1% |
| Stocks | 30/36 | €11,536,493 | €13,853,167 | +€2.3m | +20.1% |
| Raw materials and consumables | 30/31 | €1,873,098 | €1,796,670 | -€76,427 | -4.1% |
| Finished goods | 33 | €9,565,025 | €11,762,504 | +€2.2m | +23.0% |
| Goods purchased for resale | 34 | €98,370 | €293,992 | +€195,622 | +198.9% |
| Amounts receivable within one year | 40/41 | €15,844,452 | €12,499,167 | -€3.3m | -21.1% |
| Trade receivables | 40 | €9,236,127 | €8,174,242 | -€1.1m | -11.5% |
| Other amounts receivable | 41 | €6,608,325 | €4,324,925 | -€2.3m | -34.6% |
| Cash at bank and in hand | 54/58 | €672 | €5,324 | +€4,651 | +692.0% |
| Deferred charges and accrued income | 490/1 | €45,491 | €41,004 | -€4,487 | -9.9% |
| Total equity and liabilities | 10/49 | €32,824,155 | €34,727,210 | +€1.9m | +5.8% |
| Equity | 10/15 | €22,304,287 | €20,806,530 | -€1.5m | -6.7% |
| Contributions | 10/11 | €7,340,000 | €7,340,000 | = | 0.0% |
| Capital | 10 | €6,000,000 | €6,000,000 | = | 0.0% |
| Issued capital | 100 | €6,000,000 | €6,000,000 | = | 0.0% |
| Outside capital | 11 | €1,340,000 | €1,340,000 | = | 0.0% |
| Share premium | 1100/10 | €1,340,000 | €1,340,000 | = | 0.0% |
| Reserves | 13 | €865,139 | €965,253 | +€100,114 | +11.6% |
| Non-distributable reserves | 130/1 | €474,343 | €574,456 | +€100,114 | +21.1% |
| Legal reserve | 130 | €474,343 | €574,456 | +€100,114 | +21.1% |
| Distributable reserves | 133 | €390,797 | €390,797 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,099,148 | €12,501,277 | -€1.6m | -11.3% |
| Amounts payable | 17/49 | €10,519,868 | €13,920,680 | +€3.4m | +32.3% |
| Amounts payable within one year | 42/48 | €10,519,868 | €13,920,680 | +€3.4m | +32.3% |
| Trade debts | 44 | €7,571,083 | €8,968,616 | +€1.4m | +18.5% |
| Suppliers | 440/4 | €7,571,083 | €8,968,616 | +€1.4m | +18.5% |
| Taxes, remuneration and social security | 45 | €1,438,328 | €1,430,632 | -€7,696 | -0.5% |
| Taxes | 450/3 | €166,068 | €100,748 | -€65,320 | -39.3% |
| Remuneration and social security | 454/9 | €1,272,260 | €1,329,885 | +€57,624 | +4.5% |
| Other amounts payable | 47/48 | €1,510,457 | €3,521,432 | +€2.0m | +133.1% |
| Operating income | 70/76A | €85,157,929 | €88,741,265 | +€3.6m | +4.2% |
| Turnover | 70 | €87,502,793 | €85,833,796 | -€1.7m | -1.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€2,951,795 | €2,197,480 | +€5.1m | |
| Other operating income | 74 | €606,931 | €709,990 | +€103,059 | +17.0% |
| Operating charges | 60/66A | €82,946,888 | €86,276,559 | +€3.3m | +4.0% |
| Goods for resale, raw materials and consumables | 60 | €62,630,612 | €64,164,373 | +€1.5m | +2.4% |
| Purchases | 600/8 | €63,039,789 | €64,283,568 | +€1.2m | +2.0% |
| Change in stocks: decrease (increase) | 609 | -€409,177 | -€119,195 | +€289,982 | +70.9% |
| Services and other goods | 61 | €12,028,859 | €13,788,388 | +€1.8m | +14.6% |
| Remuneration, social security and pensions | 62 | €7,522,876 | €7,595,973 | +€73,098 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €713,333 | €668,063 | -€45,271 | -6.3% |
| Other operating charges | 640/8 | €51,209 | €59,762 | +€8,554 | +16.7% |
| Operating profit (loss) | 9901 | €2,211,041 | €2,464,706 | +€253,665 | +11.5% |
| Financial income | 75/76B | €156,095 | €216,460 | +€60,366 | +38.7% |
| Recurring financial income | 75 | €156,095 | €216,460 | +€60,366 | +38.7% |
| Income from financial fixed assets | 750 | €156,056 | €216,335 | +€60,279 | +38.6% |
| Other financial income | 752/9 | €39 | €125 | +€86 | +223.0% |
| Financial charges | 65/66B | €42,178 | €47,743 | +€5,565 | +13.2% |
| Recurring financial charges | 65 | €42,178 | €47,743 | +€5,565 | +13.2% |
| Debt charges | 650 | €35,411 | €40,305 | +€4,893 | +13.8% |
| Other financial charges | 652/9 | €6,766 | €7,438 | +€672 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €2,324,958 | €2,633,424 | +€308,466 | +13.3% |
| Income taxes | 67/77 | €614,351 | €631,153 | +€16,802 | +2.7% |
| Taxes | 670/3 | €614,351 | €698,618 | +€84,267 | +13.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €67,465 | +€67,465 | |
| Profit (loss) for the period | 9904 | €1,710,607 | €2,002,271 | +€291,664 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,710,607 | €2,002,271 | +€291,664 | +17.1% |
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 29 September 2026 via checked.be.