CAPRICORNI: 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.
CAPRICORNI
Largest movements
- Cash +€42,977
up €42,977 (+135%), from €31,877 to €74,854
mainly Net result for the year (+€45,911) and Current investments (+€25,443)
- Current investments -€25,443
down €25,443 (-33.6%), from €75,693 to €50,250
- Reserves +€11,920
up €11,920 (+8.1%), from €147,461 to €159,381
- Tax, wage and social debts +€8,342
up €8,342 (+221%), from €3,778 to €12,121
- Other debts -€3,900
down €3,900 (-70.1%), from €5,566 to €1,666
- Gross operating margin -€4,296
down €4,296 (-5.8%), from €74,522 to €70,226
- Taxes +€941
up €941 (+4.5%), from €21,038 to €21,979
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 | €157,380 | €173,334 | +€15,954 | +10.1% |
| Fixed assets | 21/28 | €2,957 | €3,037 | +€80 | +2.7% |
| Tangible fixed assets | 22/27 | €2,957 | €3,037 | +€80 | +2.7% |
| Plant, machinery and equipment | 23 | €1,557 | €2,286 | +€729 | +46.8% |
| Furniture and vehicles | 24 | €1,400 | €751 | -€649 | -46.4% |
| Current assets | 29/58 | €154,423 | €170,297 | +€15,874 | +10.3% |
| Stocks and contracts in progress | 3 | €633 | €536 | -€97 | -15.4% |
| Stocks | 30/36 | €633 | €536 | -€97 | -15.4% |
| Amounts receivable within one year | 40/41 | €46,219 | €44,579 | -€1,641 | -3.5% |
| Trade receivables | 40 | €41,960 | €44,005 | +€2,045 | +4.9% |
| Other amounts receivable | 41 | €4,259 | €574 | -€3,685 | -86.5% |
| Current investments | 50/53 | €75,693 | €50,250 | -€25,443 | -33.6% |
| Cash at bank and in hand | 54/58 | €31,877 | €74,854 | +€42,977 | +135% |
| Deferred charges and accrued income | 490/1 | - | €78 | +€78 | |
| Total equity and liabilities | 10/49 | €157,380 | €173,334 | +€15,954 | +10.1% |
| Equity | 10/15 | €147,461 | €159,381 | +€11,920 | +8.1% |
| Reserves | 13 | €147,461 | €159,381 | +€11,920 | +8.1% |
| Distributable reserves | 133 | €147,461 | €159,381 | +€11,920 | +8.1% |
| Amounts payable | 17/49 | €9,919 | €13,953 | +€4,034 | +40.7% |
| Amounts payable within one year | 42/48 | €9,919 | €13,941 | +€4,022 | +40.6% |
| Trade debts | 44 | €574 | €155 | -€420 | -73.0% |
| Suppliers | 440/4 | €574 | €155 | -€420 | -73.0% |
| Taxes, remuneration and social security | 45 | €3,778 | €12,121 | +€8,342 | +221% |
| Taxes | 450/3 | €3,778 | €12,121 | +€8,342 | +221% |
| Other amounts payable | 47/48 | €5,566 | €1,666 | -€3,900 | -70.1% |
| Accrued charges and deferred income | 492/3 | - | €12 | +€12 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,674 | €1,845 | +€171 | +10.2% |
| Other operating charges | 640/8 | €1,876 | €1,385 | -€491 | -26.2% |
| Gross operating margin | 9900 | €74,522 | €70,226 | -€4,296 | -5.8% |
| Operating profit (loss) | 9901 | €70,971 | €66,996 | -€3,976 | -5.6% |
| Financial income | 75/76B | €993 | €1,077 | +€85 | +8.5% |
| Recurring financial income | 75 | €993 | €1,077 | +€85 | +8.5% |
| Financial charges | 65/66B | €471 | €182 | -€289 | -61.3% |
| Recurring financial charges | 65 | €471 | €182 | -€289 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | €71,493 | €67,890 | -€3,603 | -5.0% |
| Income taxes | 67/77 | €21,038 | €21,979 | +€941 | +4.5% |
| Profit (loss) for the period | 9904 | €50,455 | €45,911 | -€4,544 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,455 | €45,911 | -€4,544 | -9.0% |
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 16 October 2026 via checked.be.