CAPROCK: 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.
CAPROCK
Largest movements
- Stocks and contracts +€1.6m
up €1.6m (+227.8%), from €690,783 to €2.3m
- Cash -€431,133
down €431,133 (-88.0%), from €489,725 to €58,593
mainly Stocks and contracts (-€1.6m) and Other debts (-€58,640)
- Receivables within one year -€82,608
down €82,608 (-94.5%), from €87,394 to €4,786
of which Other amounts receivable: -€80,072
- Short-term financial debts +€1.2m
up €1.2m (+201.6%), from €596,031 to €1.8m
of which Credit institutions: +€1.2m
- Other debts -€58,640
down €58,640 (-96.2%), from €60,950 to €2,310
- Profit (loss) carried forward -€34,697
down €34,697, from €21 to -€34,676
- Current portion of long-term debt -€31,436
down €31,436 (-70.7%), from €44,487 to €13,052
- Gross operating margin -€208,616
down €208,616 (-97.5%), from €213,985 to €5,368
- Taxes -€29,834
down €29,834 (-98.4%), from €30,305 to €471
- Financial charges -€16,371
down €16,371 (-29.6%), from €55,289 to €38,918
- Financial income -€4,141
down €4,141 (-42.1%), from €9,827 to €5,686
- Staff costs +€2,691
new in 2025: €2,691
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 | €1,268,789 | €2,333,297 | +€1.1m | +83.9% |
| Fixed assets | 21/28 | €222 | €2,720 | +€2,498 | +1125.2% |
| Intangible fixed assets | 21 | - | €2,618 | +€2,618 | |
| Tangible fixed assets | 22/27 | €212 | €92 | -€120 | -56.5% |
| Furniture and vehicles | 24 | €212 | €92 | -€120 | -56.5% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €1,268,567 | €2,330,576 | +€1.1m | +83.7% |
| Stocks and contracts in progress | 3 | €690,783 | €2,264,276 | +€1.6m | +227.8% |
| Stocks | 30/36 | €690,783 | €2,264,276 | +€1.6m | +227.8% |
| Amounts receivable within one year | 40/41 | €87,394 | €4,786 | -€82,608 | -94.5% |
| Trade receivables | 40 | €4,720 | €2,184 | -€2,536 | -53.7% |
| Other amounts receivable | 41 | €82,674 | €2,602 | -€80,072 | -96.9% |
| Cash at bank and in hand | 54/58 | €489,725 | €58,593 | -€431,133 | -88.0% |
| Deferred charges and accrued income | 490/1 | €664 | €2,923 | +€2,258 | +339.8% |
| Total equity and liabilities | 10/49 | €1,268,789 | €2,333,297 | +€1.1m | +83.9% |
| Equity | 10/15 | €509,931 | €475,234 | -€34,697 | -6.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €409,910 | €409,910 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,000 | €17,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €392,910 | €392,910 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21 | -€34,676 | -€34,697 | |
| Amounts payable | 17/49 | €758,858 | €1,858,062 | +€1.1m | +144.8% |
| Amounts payable after more than one year | 17 | €21,299 | €15,290 | -€6,008 | -28.2% |
| Financial debts | 170/4 | €21,166 | €10,787 | -€10,378 | -49.0% |
| Other amounts payable | 178/9 | €133 | €4,503 | +€4,370 | +3277.6% |
| Amounts payable within one year | 42/48 | €737,559 | €1,842,772 | +€1.1m | +149.8% |
| Current portion of amounts payable after more than one year | 42 | €44,487 | €13,052 | -€31,436 | -70.7% |
| Financial debts | 43 | €596,031 | €1,797,500 | +€1.2m | +201.6% |
| Credit institutions | 430/8 | €585,000 | €1,797,500 | +€1.2m | +207.3% |
| Other loans | 439 | €11,031 | - | -€11,031 | |
| Trade debts | 44 | €2,091 | €361 | -€1,729 | -82.7% |
| Suppliers | 440/4 | €2,091 | €361 | -€1,729 | -82.7% |
| Taxes, remuneration and social security | 45 | €34,000 | €29,549 | -€4,451 | -13.1% |
| Taxes | 450/3 | €34,000 | €29,549 | -€4,451 | -13.1% |
| Other amounts payable | 47/48 | €60,950 | €2,310 | -€58,640 | -96.2% |
| Remuneration, social security and pensions | 62 | - | €2,691 | +€2,691 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,016 | €1,117 | +€100 | +9.9% |
| Other operating charges | 640/8 | €898 | €2,553 | +€1,655 | +184.2% |
| Non-recurring operating charges | 66A | €10,000 | - | -€10,000 | |
| Gross operating margin | 9900 | €213,985 | €5,368 | -€208,616 | -97.5% |
| Operating profit (loss) | 9901 | €202,070 | -€993 | -€203,063 | |
| Financial income | 75/76B | €9,827 | €5,686 | -€4,141 | -42.1% |
| Recurring financial income | 75 | €9,827 | €5,686 | -€4,141 | -42.1% |
| Financial charges | 65/66B | €55,289 | €38,918 | -€16,371 | -29.6% |
| Recurring financial charges | 65 | €55,289 | €38,918 | -€16,371 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €156,607 | -€34,226 | -€190,833 | |
| Income taxes | 67/77 | €30,305 | €471 | -€29,834 | -98.4% |
| Profit (loss) for the period | 9904 | €126,302 | -€34,697 | -€160,999 | |
| Profit (loss) for the period to be appropriated | 9905 | €126,302 | -€34,697 | -€160,999 |
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 10 October 2026 via checked.be.