CAPRICORNE: 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.
CAPRICORNE
Largest movements
- Stocks and contracts +€6,192
up €6,192 (+3.5%), from €179,427 to €185,619
- Tangible fixed assets -€6,086
down €6,086 (-37.4%), from €16,269 to €10,183
of which Furniture and vehicles: -€4,666
- Receivables within one year +€3,090
up €3,090 (+36.1%), from €8,563 to €11,653
- Other debts +€21,081
up €21,081 (+27.0%), from €78,191 to €99,273
- Reserves -€8,000
down €8,000 (-9.3%), from €85,639 to €77,639
- Current portion of long-term debt -€5,205
down €5,205 (-100.0%), from €5,205 to €0
- Short-term financial debts -€2,628
down €2,628 (-26.7%), from €9,856 to €7,228
of which Credit institutions: -€5,356
- Depreciation -€1,085
down €1,085 (-15.1%), from €7,171 to €6,086
- Staff costs +€933
up €933 (+2.8%), from €33,613 to €34,545
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 | €215,380 | €218,680 | +€3,300 | +1.5% |
| Fixed assets | 21/28 | €16,529 | €10,443 | -€6,086 | -36.8% |
| Tangible fixed assets | 22/27 | €16,269 | €10,183 | -€6,086 | -37.4% |
| Land and buildings | 22 | €8,558 | €8,186 | -€372 | -4.3% |
| Plant, machinery and equipment | 23 | €2,589 | €1,541 | -€1,048 | -40.5% |
| Furniture and vehicles | 24 | €5,122 | €456 | -€4,666 | -91.1% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €198,851 | €208,237 | +€9,386 | +4.7% |
| Stocks and contracts in progress | 3 | €179,427 | €185,619 | +€6,192 | +3.5% |
| Stocks | 30/36 | €179,427 | €185,619 | +€6,192 | +3.5% |
| Amounts receivable within one year | 40/41 | €8,563 | €11,653 | +€3,090 | +36.1% |
| Other amounts receivable | 41 | €8,563 | €11,653 | +€3,090 | +36.1% |
| Cash at bank and in hand | 54/58 | €8,645 | €8,831 | +€186 | +2.2% |
| Deferred charges and accrued income | 490/1 | €2,217 | €2,134 | -€83 | -3.7% |
| Total equity and liabilities | 10/49 | €215,380 | €218,680 | +€3,300 | +1.5% |
| Equity | 10/15 | €104,301 | €96,232 | -€8,069 | -7.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €85,639 | €77,639 | -€8,000 | -9.3% |
| Distributable reserves | 133 | €85,639 | €77,639 | -€8,000 | -9.3% |
| Profit (loss) carried forward | 14 | €70 | €1 | -€69 | -99.0% |
| Amounts payable | 17/49 | €111,080 | €122,449 | +€11,369 | +10.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €111,080 | €122,449 | +€11,369 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €5,205 | €0 | -€5,205 | -100.0% |
| Financial debts | 43 | €9,856 | €7,228 | -€2,628 | -26.7% |
| Credit institutions | 430/8 | €9,856 | €4,500 | -€5,356 | -54.3% |
| Other loans | 439 | - | €2,728 | +€2,728 | |
| Trade debts | 44 | €2,924 | €2,712 | -€212 | -7.3% |
| Suppliers | 440/4 | €2,924 | €2,712 | -€212 | -7.3% |
| Taxes, remuneration and social security | 45 | €14,904 | €13,236 | -€1,668 | -11.2% |
| Taxes | 450/3 | €6,152 | €4,129 | -€2,023 | -32.9% |
| Remuneration and social security | 454/9 | €8,752 | €9,107 | +€355 | +4.1% |
| Other amounts payable | 47/48 | €78,191 | €99,273 | +€21,081 | +27.0% |
| Remuneration, social security and pensions | 62 | €33,613 | €34,545 | +€933 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,171 | €6,086 | -€1,085 | -15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €165 | €207 | +€42 | +25.6% |
| Other operating charges | 640/8 | €2,293 | €2,361 | +€68 | +3.0% |
| Gross operating margin | 9900 | €35,914 | €36,234 | +€320 | +0.9% |
| Operating profit (loss) | 9901 | -€7,328 | -€6,965 | +€363 | +5.0% |
| Financial income | 75/76B | €35 | €235 | +€200 | +572.8% |
| Recurring financial income | 75 | €35 | €235 | +€200 | +572.8% |
| Financial charges | 65/66B | €1,487 | €1,135 | -€352 | -23.7% |
| Recurring financial charges | 65 | €1,487 | €1,135 | -€352 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,780 | -€7,864 | +€916 | +10.4% |
| Income taxes | 67/77 | €207 | €205 | -€2 | -1.2% |
| Profit (loss) for the period | 9904 | -€8,987 | -€8,069 | +€918 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,987 | -€8,069 | +€918 | +10.2% |
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 5 October 2026 via checked.be.