CAPRICORN COMMUNICATION: 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.
CAPRICORN COMMUNICATION
Largest movements
- Receivables within one year -€7,415
down €7,415 (-47.6%), from €15,582 to €8,167
of which Trade receivables: -€6,231
- Tangible fixed assets -€6,187
down €6,187 (-28.7%), from €21,556 to €15,368
of which Other tangible fixed assets: -€5,040
- Cash -€3,593
down €3,593 (-56.3%), from €6,379 to €2,787
mainly Trade debts (-€5,833) and Debts after one year (-€5,034)
- Trade debts -€5,833
down €5,833 (-49.4%), from €11,803 to €5,969
- Debts after one year -€5,034
down €5,034 (-2.9%), from €175,200 to €170,166
- Profit (loss) carried forward -€3,588
down €3,588 (-2.1%), from -€172,798 to -€176,386
- Other debts -€2,626
no longer reported in 2025 (was €2,626)
- Gross operating margin +€48,291
up €48,291, from -€40,620 to €7,672
- Depreciation -€896
down €896 (-12.7%), from €7,084 to €6,187
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 | €44,267 | €27,186 | -€17,081 | -38.6% |
| Fixed assets | 21/28 | €21,556 | €15,368 | -€6,187 | -28.7% |
| Tangible fixed assets | 22/27 | €21,556 | €15,368 | -€6,187 | -28.7% |
| Furniture and vehicles | 24 | €2,261 | €1,114 | -€1,147 | -50.7% |
| Other tangible fixed assets | 26 | €19,295 | €14,255 | -€5,040 | -26.1% |
| Current assets | 29/58 | €22,711 | €11,818 | -€10,893 | -48.0% |
| Amounts receivable within one year | 40/41 | €15,582 | €8,167 | -€7,415 | -47.6% |
| Trade receivables | 40 | €10,112 | €3,881 | -€6,231 | -61.6% |
| Other amounts receivable | 41 | €5,471 | €4,286 | -€1,184 | -21.6% |
| Cash at bank and in hand | 54/58 | €6,379 | €2,787 | -€3,593 | -56.3% |
| Deferred charges and accrued income | 490/1 | €750 | €864 | +€114 | +15.2% |
| Total equity and liabilities | 10/49 | €44,267 | €27,186 | -€17,081 | -38.6% |
| Equity | 10/15 | -€145,362 | -€148,949 | -€3,588 | -2.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€172,798 | -€176,386 | -€3,588 | -2.1% |
| Amounts payable | 17/49 | €189,629 | €176,136 | -€13,493 | -7.1% |
| Amounts payable after more than one year | 17 | €175,200 | €170,166 | -€5,034 | -2.9% |
| Other amounts payable | 178/9 | €175,200 | €170,166 | -€5,034 | -2.9% |
| Amounts payable within one year | 42/48 | €14,429 | €5,969 | -€8,459 | -58.6% |
| Trade debts | 44 | €11,803 | €5,969 | -€5,833 | -49.4% |
| Suppliers | 440/4 | €11,803 | €5,969 | -€5,833 | -49.4% |
| Other amounts payable | 47/48 | €2,626 | - | -€2,626 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,084 | €6,187 | -€896 | -12.7% |
| Other operating charges | 640/8 | €4,534 | €4,680 | +€147 | +3.2% |
| Gross operating margin | 9900 | -€40,620 | €7,672 | +€48,291 | |
| Operating profit (loss) | 9901 | -€52,237 | -€3,196 | +€49,041 | +93.9% |
| Financial charges | 65/66B | €518 | €392 | -€126 | -24.4% |
| Recurring financial charges | 65 | €518 | €392 | -€126 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | -€52,755 | -€3,588 | +€49,167 | +93.2% |
| Income taxes | 67/77 | €333 | - | -€333 | |
| Profit (loss) for the period | 9904 | -€53,087 | -€3,588 | +€49,499 | +93.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,087 | -€3,588 | +€49,499 | +93.2% |
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 27 October 2026 via checked.be.