CAPS BELGIUM: 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.
CAPS BELGIUM
Largest movements
- Receivables within one year +€2.1m
up €2.1m (+62.4%), from €3.3m to €5.4m
of which Other amounts receivable: +€2.6m
- Cash -€188,183
down €188,183 (-56.4%), from €333,781 to €145,598
mainly Receivables within one year (-€2.1m) and Accrued charges and deferred income (-€513,657)
- Trade debts +€1.1m
up €1.1m (+40.3%), from €2.6m to €3.7m
- Tax, wage and social debts +€960,772
up €960,772 (+934%), from €102,886 to €1.1m
- Accrued charges and deferred income -€513,657
down €513,657 (-74.8%), from €686,757 to €173,101
- Profit (loss) carried forward +€237,874
up €237,874 (+98.1%), from €242,560 to €480,433
- Other debts +€162,312
new in 2025: €162,312
- Gross operating margin +€164,599
up €164,599 (+65.5%), from €251,327 to €415,926
- Other operating charges +€49,814
up €49,814 (+328%), from €15,167 to €64,980
- Taxes +€29,814
up €29,814 (+50.5%), from €58,991 to €88,805
- Financial charges +€19,782
up €19,782 (+161%), from €12,262 to €32,045
- Financial income -€4,406
down €4,406 (-36.2%), from €12,183 to €7,778
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 | €3,682,478 | €5,590,211 | +€1.9m | +51.8% |
| Current assets | 29/58 | €3,682,478 | €5,590,211 | +€1.9m | +51.8% |
| Amounts receivable within one year | 40/41 | €3,348,572 | €5,438,910 | +€2.1m | +62.4% |
| Trade receivables | 40 | €1,902,571 | €1,378,406 | -€524,165 | -27.6% |
| Other amounts receivable | 41 | €1,446,001 | €4,060,504 | +€2.6m | +181% |
| Cash at bank and in hand | 54/58 | €333,781 | €145,598 | -€188,183 | -56.4% |
| Deferred charges and accrued income | 490/1 | €124 | €5,702 | +€5,578 | +4,489% |
| Total equity and liabilities | 10/49 | €3,682,478 | €5,590,211 | +€1.9m | +51.8% |
| Equity | 10/15 | €263,020 | €500,893 | +€237,874 | +90.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €242,560 | €480,433 | +€237,874 | +98.1% |
| Amounts payable | 17/49 | €3,419,458 | €5,089,318 | +€1.7m | +48.8% |
| Amounts payable within one year | 42/48 | €2,732,700 | €4,916,217 | +€2.2m | +79.9% |
| Trade debts | 44 | €2,629,815 | €3,690,248 | +€1.1m | +40.3% |
| Suppliers | 440/4 | €2,629,815 | €3,690,248 | +€1.1m | +40.3% |
| Taxes, remuneration and social security | 45 | €102,886 | €1,063,657 | +€960,772 | +934% |
| Taxes | 450/3 | €102,886 | €1,063,657 | +€960,772 | +934% |
| Other amounts payable | 47/48 | - | €162,312 | +€162,312 | |
| Accrued charges and deferred income | 492/3 | €686,757 | €173,101 | -€513,657 | -74.8% |
| Other operating charges | 640/8 | €15,167 | €64,980 | +€49,814 | +328% |
| Gross operating margin | 9900 | €251,327 | €415,926 | +€164,599 | +65.5% |
| Operating profit (loss) | 9901 | €236,160 | €350,945 | +€114,786 | +48.6% |
| Financial income | 75/76B | €12,183 | €7,778 | -€4,406 | -36.2% |
| Recurring financial income | 75 | €12,183 | €7,778 | -€4,406 | -36.2% |
| Financial charges | 65/66B | €12,262 | €32,045 | +€19,782 | +161% |
| Recurring financial charges | 65 | €12,262 | €32,045 | +€19,782 | +161% |
| Profit (loss) for the period before taxes | 9903 | €236,081 | €326,678 | +€90,597 | +38.4% |
| Income taxes | 67/77 | €58,991 | €88,805 | +€29,814 | +50.5% |
| Profit (loss) for the period | 9904 | €177,091 | €237,874 | +€60,783 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €177,091 | €237,874 | +€60,783 | +34.3% |
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 31 October 2026 via checked.be.