CAPS LAURENT: 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 LAURENT
Largest movements
- Cash +€40,844
up €40,844 (+78.6%), from €51,955 to €92,799
mainly Net result for the year (+€26,037) and Depreciation (+€23,683)
- Tangible fixed assets -€13,578
down €13,578 (-47.2%), from €28,737 to €15,159
of which Furniture and vehicles: -€11,162
- Intangible fixed assets -€11,973
down €11,973 (-93.1%), from €12,864 to €891
- Stocks and contracts +€8,327
up €8,327 (+14.0%), from €59,621 to €67,948
- Receivables within one year -€2,126
down €2,126 (-17.2%), from €12,341 to €10,215
of which Trade receivables: -€12,274
- Reserves +€25,875
up €25,875 (+25.4%), from €102,000 to €127,875
of which Distributable reserves: +€25,875
- Tax, wage and social debts +€9,554
up €9,554 (+172.5%), from €5,538 to €15,092
- Other debts -€9,494
down €9,494 (-88.4%), from €10,734 to €1,240
- Accrued charges and deferred income -€8,098
down €8,098 (-77.7%), from €10,420 to €2,322
- Trade debts +€4,097
up €4,097 (+183.5%), from €2,233 to €6,330
- Gross operating margin +€48,546
up €48,546 (+280.0%), from €17,340 to €65,886
- Taxes +€14,129
up €14,129 (+1550.9%), from €911 to €15,040
- Depreciation +€8,295
up €8,295 (+53.9%), from €15,388 to €23,683
- Other operating charges +€894
up €894 (+110.8%), from €807 to €1,701
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 | €175,925 | €198,021 | +€22,096 | +12.6% |
| Fixed assets | 21/28 | €41,626 | €16,075 | -€25,551 | -61.4% |
| Intangible fixed assets | 21 | €12,864 | €891 | -€11,973 | -93.1% |
| Tangible fixed assets | 22/27 | €28,737 | €15,159 | -€13,578 | -47.2% |
| Plant, machinery and equipment | 23 | €3,611 | €3,628 | +€17 | +0.5% |
| Furniture and vehicles | 24 | €21,371 | €10,209 | -€11,162 | -52.2% |
| Other tangible fixed assets | 26 | €3,755 | €1,322 | -€2,433 | -64.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €134,299 | €181,946 | +€47,647 | +35.5% |
| Stocks and contracts in progress | 3 | €59,621 | €67,948 | +€8,327 | +14.0% |
| Stocks | 30/36 | €59,621 | €67,948 | +€8,327 | +14.0% |
| Amounts receivable within one year | 40/41 | €12,341 | €10,215 | -€2,126 | -17.2% |
| Trade receivables | 40 | €12,341 | €67 | -€12,274 | -99.5% |
| Other amounts receivable | 41 | - | €10,148 | +€10,148 | |
| Cash at bank and in hand | 54/58 | €51,955 | €92,799 | +€40,844 | +78.6% |
| Deferred charges and accrued income | 490/1 | €10,382 | €10,984 | +€602 | +5.8% |
| Total equity and liabilities | 10/49 | €175,925 | €198,021 | +€22,096 | +12.6% |
| Equity | 10/15 | €147,000 | €173,037 | +€26,037 | +17.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €102,000 | €127,875 | +€25,875 | +25.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Other | 1319 | - | €2,000 | +€2,000 | |
| Distributable reserves | 133 | €100,000 | €125,875 | +€25,875 | +25.9% |
| Profit (loss) carried forward | 14 | €25,000 | €25,162 | +€162 | +0.6% |
| Amounts payable | 17/49 | €28,925 | €24,984 | -€3,941 | -13.6% |
| Amounts payable within one year | 42/48 | €18,505 | €22,662 | +€4,157 | +22.5% |
| Trade debts | 44 | €2,233 | €6,330 | +€4,097 | +183.5% |
| Suppliers | 440/4 | €2,233 | €6,330 | +€4,097 | +183.5% |
| Taxes, remuneration and social security | 45 | €5,538 | €15,092 | +€9,554 | +172.5% |
| Taxes | 450/3 | €5,538 | €15,092 | +€9,554 | +172.5% |
| Other amounts payable | 47/48 | €10,734 | €1,240 | -€9,494 | -88.4% |
| Accrued charges and deferred income | 492/3 | €10,420 | €2,322 | -€8,098 | -77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,388 | €23,683 | +€8,295 | +53.9% |
| Other operating charges | 640/8 | €807 | €1,701 | +€894 | +110.8% |
| Gross operating margin | 9900 | €17,340 | €65,886 | +€48,546 | +280.0% |
| Operating profit (loss) | 9901 | €1,145 | €40,502 | +€39,357 | +3437.3% |
| Financial income | 75/76B | €605 | €1,044 | +€439 | +72.6% |
| Recurring financial income | 75 | €605 | €1,044 | +€439 | +72.6% |
| Financial charges | 65/66B | €505 | €469 | -€36 | -7.1% |
| Recurring financial charges | 65 | €505 | €469 | -€36 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €1,245 | €41,077 | +€39,832 | +3199.4% |
| Income taxes | 67/77 | €911 | €15,040 | +€14,129 | +1550.9% |
| Profit (loss) for the period | 9904 | €334 | €26,037 | +€25,703 | +7695.5% |
| Profit (loss) for the period to be appropriated | 9905 | €334 | €26,037 | +€25,703 | +7695.5% |
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 12 October 2026 via checked.be.