CAPRINI: 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.
CAPRINI
Largest movements
- Tangible fixed assets -€13,335
down €13,335 (-44.4%), from €30,050 to €16,715
of which Furniture and vehicles: -€12,020
- Receivables within one year +€7,720
up €7,720 (+54.3%), from €14,214 to €21,934
of which Trade receivables: +€8,232
- Stocks and contracts -€3,738
down €3,738 (-15.1%), from €24,738 to €21,000
of which Contracts in progress: -€2,500
- Deferred charges and accrued income -€1,801
no longer reported in 2025 (was €1,801)
- Debts after one year -€8,924
down €8,924 (-18.7%), from €47,624 to €38,700
- Current portion of long-term debt -€2,473
down €2,473 (-48.5%), from €5,096 to €2,624
- Trade debts -€1,259
down €1,259 (-17.3%), from €7,271 to €6,012
- Profit (loss) carried forward +€1,164
up €1,164 (+15.8%), from €7,381 to €8,545
- Gross operating margin +€3,922
up €3,922 (+34.3%), from €11,449 to €15,371
- Other operating charges -€1,025
down €1,025 (-63.9%), from €1,605 to €580
- Depreciation -€489
down €489 (-3.5%), from €13,824 to €13,335
- Financial charges -€265
down €265 (-50.3%), from €526 to €262
- Financial income +€196
new in 2025: €196
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 | €88,106 | €77,177 | -€10,929 | -12.4% |
| Fixed assets | 21/28 | €43,780 | €30,445 | -€13,335 | -30.5% |
| Tangible fixed assets | 22/27 | €30,050 | €16,715 | -€13,335 | -44.4% |
| Plant, machinery and equipment | 23 | €2,257 | €942 | -€1,315 | -58.3% |
| Furniture and vehicles | 24 | €27,793 | €15,773 | -€12,020 | -43.2% |
| Financial fixed assets | 28 | €13,730 | €13,730 | = | 0.0% |
| Current assets | 29/58 | €44,326 | €46,732 | +€2,406 | +5.4% |
| Stocks and contracts in progress | 3 | €24,738 | €21,000 | -€3,738 | -15.1% |
| Stocks | 30/36 | €7,238 | €6,000 | -€1,238 | -17.1% |
| Contracts in progress | 37 | €17,500 | €15,000 | -€2,500 | -14.3% |
| Amounts receivable within one year | 40/41 | €14,214 | €21,934 | +€7,720 | +54.3% |
| Trade receivables | 40 | €13,429 | €21,661 | +€8,232 | +61.3% |
| Other amounts receivable | 41 | €786 | €274 | -€512 | -65.2% |
| Cash at bank and in hand | 54/58 | €3,573 | €3,798 | +€225 | +6.3% |
| Deferred charges and accrued income | 490/1 | €1,801 | - | -€1,801 | |
| Total equity and liabilities | 10/49 | €88,106 | €77,177 | -€10,929 | -12.4% |
| Equity | 10/15 | €10,381 | €11,545 | +€1,164 | +11.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,381 | €8,545 | +€1,164 | +15.8% |
| Amounts payable | 17/49 | €77,725 | €65,632 | -€12,093 | -15.6% |
| Amounts payable after more than one year | 17 | €47,624 | €38,700 | -€8,924 | -18.7% |
| Financial debts | 170/4 | €47,624 | €38,700 | -€8,924 | -18.7% |
| Amounts payable within one year | 42/48 | €30,102 | €26,917 | -€3,185 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €5,096 | €2,624 | -€2,473 | -48.5% |
| Trade debts | 44 | €7,271 | €6,012 | -€1,259 | -17.3% |
| Suppliers | 440/4 | €7,271 | €6,012 | -€1,259 | -17.3% |
| Taxes, remuneration and social security | 45 | €1,164 | €1,071 | -€93 | -8.0% |
| Taxes | 450/3 | €1,164 | €1,071 | -€93 | -8.0% |
| Other amounts payable | 47/48 | €16,570 | €17,210 | +€640 | +3.9% |
| Accrued charges and deferred income | 492/3 | - | €15 | +€15 | |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,824 | €13,335 | -€489 | -3.5% |
| Other operating charges | 640/8 | €1,605 | €580 | -€1,025 | -63.9% |
| Non-recurring operating charges | 66A | €62 | - | -€62 | |
| Gross operating margin | 9900 | €11,449 | €15,371 | +€3,922 | +34.3% |
| Operating profit (loss) | 9901 | -€4,042 | €1,456 | +€5,498 | |
| Financial income | 75/76B | - | €196 | +€196 | |
| Recurring financial income | 75 | - | €196 | +€196 | |
| Financial charges | 65/66B | €526 | €262 | -€265 | -50.3% |
| Recurring financial charges | 65 | €526 | €262 | -€265 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,568 | €1,391 | +€5,959 | |
| Income taxes | 67/77 | €180 | €226 | +€47 | +25.9% |
| Profit (loss) for the period | 9904 | -€4,748 | €1,164 | +€5,912 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,748 | €1,164 | +€5,912 |
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 1 October 2026 via checked.be.