CAPRICCIO: 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.
CAPRICCIO
Largest movements
- Cash +€74,411
up €74,411 (+46.4%), from €160,474 to €234,885
mainly Depreciation (+€84,757) and Current investments (+€50,000)
- Tangible fixed assets -€65,807
down €65,807 (-10.4%), from €631,342 to €565,534
of which Land and buildings: -€46,840
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Receivables within one year +€29,293
up €29,293 (+83.2%), from €35,204 to €64,497
of which Other amounts receivable: +€20,802
- Debts after one year -€49,958
down €49,958 (-9.9%), from €505,306 to €455,347
- Trade debts +€16,266
up €16,266 (+43.0%), from €37,858 to €54,123
- Staff costs +€53,713
up €53,713 (+29.2%), from €184,225 to €237,938
- Taxes -€12,167
down €12,167 (-76.6%), from €15,890 to €3,723
- Gross operating margin +€10,521
up €10,521 (+3.1%), from €338,968 to €349,490
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 | €915,794 | €893,487 | -€22,306 | -2.4% |
| Fixed assets | 21/28 | €663,356 | €589,048 | -€74,307 | -11.2% |
| Intangible fixed assets | 21 | €31,238 | €22,738 | -€8,500 | -27.2% |
| Tangible fixed assets | 22/27 | €631,342 | €565,534 | -€65,807 | -10.4% |
| Land and buildings | 22 | €551,892 | €505,051 | -€46,840 | -8.5% |
| Plant, machinery and equipment | 23 | €76,651 | €59,507 | -€17,144 | -22.4% |
| Furniture and vehicles | 24 | €2,799 | €976 | -€1,823 | -65.1% |
| Financial fixed assets | 28 | €776 | €776 | = | 0.0% |
| Current assets | 29/58 | €252,438 | €304,439 | +€52,001 | +20.6% |
| Stocks and contracts in progress | 3 | €3,343 | €1,981 | -€1,362 | -40.8% |
| Stocks | 30/36 | €3,343 | €1,981 | -€1,362 | -40.8% |
| Amounts receivable within one year | 40/41 | €35,204 | €64,497 | +€29,293 | +83.2% |
| Trade receivables | 40 | €10,428 | €18,920 | +€8,492 | +81.4% |
| Other amounts receivable | 41 | €24,776 | €45,577 | +€20,802 | +84.0% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €160,474 | €234,885 | +€74,411 | +46.4% |
| Deferred charges and accrued income | 490/1 | €3,417 | €3,076 | -€341 | -10.0% |
| Total equity and liabilities | 10/49 | €915,794 | €893,487 | -€22,306 | -2.4% |
| Equity | 10/15 | €280,559 | €289,381 | +€8,823 | +3.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,291 | €73,113 | +€8,823 | +13.7% |
| Distributable reserves | 133 | €64,291 | €73,113 | +€8,823 | +13.7% |
| Profit (loss) carried forward | 14 | €210,068 | €210,068 | = | 0.0% |
| Amounts payable | 17/49 | €635,235 | €604,106 | -€31,129 | -4.9% |
| Amounts payable after more than one year | 17 | €505,306 | €455,347 | -€49,958 | -9.9% |
| Financial debts | 170/4 | €505,306 | €455,347 | -€49,958 | -9.9% |
| Amounts payable within one year | 42/48 | €129,929 | €148,759 | +€18,830 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €48,948 | €49,958 | +€1,011 | +2.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €37,858 | €54,123 | +€16,266 | +43.0% |
| Suppliers | 440/4 | €37,858 | €54,123 | +€16,266 | +43.0% |
| Advances received on contracts in progress | 46 | €250 | €186 | -€64 | -25.8% |
| Taxes, remuneration and social security | 45 | €42,874 | €44,492 | +€1,618 | +3.8% |
| Taxes | 450/3 | €10,185 | €13,936 | +€3,752 | +36.8% |
| Remuneration and social security | 454/9 | €32,689 | €30,555 | -€2,134 | -6.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,855 | €0 | -€2,855 | -100% |
| Remuneration, social security and pensions | 62 | €184,225 | €237,938 | +€53,713 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,493 | €84,757 | +€1,263 | +1.5% |
| Other operating charges | 640/8 | €2,756 | €2,558 | -€198 | -7.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €338,968 | €349,490 | +€10,521 | +3.1% |
| Operating profit (loss) | 9901 | €68,493 | €24,236 | -€44,257 | -64.6% |
| Financial income | 75/76B | €1,520 | €917 | -€603 | -39.6% |
| Recurring financial income | 75 | €1,520 | €917 | -€603 | -39.6% |
| Financial charges | 65/66B | €13,878 | €12,608 | -€1,270 | -9.2% |
| Recurring financial charges | 65 | €13,878 | €12,608 | -€1,270 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €56,135 | €12,545 | -€43,590 | -77.7% |
| Income taxes | 67/77 | €15,890 | €3,723 | -€12,167 | -76.6% |
| Profit (loss) for the period | 9904 | €40,245 | €8,823 | -€31,423 | -78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,245 | €8,823 | -€31,423 | -78.1% |
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 17 October 2026 via checked.be.