CAPSANTE: 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.
CAPSANTE
Largest movements
- Receivables within one year +€20,268
up €20,268 (+10.6%), from €191,224 to €211,492
of which Other amounts receivable: +€20,081
- Reserves +€15,500
up €15,500 (+67.4%), from €23,000 to €38,500
- Trade debts +€2,828
up €2,828 (+140.8%), from €2,008 to €4,836
- Gross operating margin +€1,031
up €1,031 (+7.9%), from €13,030 to €14,061
- Taxes -€882
down €882 (-13.7%), from €6,441 to €5,559
- Other operating charges -€535
down €535 (-66.2%), from €808 to €273
- Financial income -€309
down €309 (-3.0%), from €10,368 to €10,059
- Depreciation +€141
up €141 (+11.6%), from €1,218 to €1,359
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 | €193,454 | €212,363 | +€18,909 | +9.8% |
| Fixed assets | 21/28 | €2,215 | €855 | -€1,360 | -61.4% |
| Tangible fixed assets | 22/27 | €2,215 | €855 | -€1,360 | -61.4% |
| Furniture and vehicles | 24 | €2,215 | €855 | -€1,360 | -61.4% |
| Current assets | 29/58 | €191,239 | €211,508 | +€20,269 | +10.6% |
| Amounts receivable within one year | 40/41 | €191,224 | €211,492 | +€20,268 | +10.6% |
| Trade receivables | 40 | €8,674 | €8,861 | +€187 | +2.2% |
| Other amounts receivable | 41 | €182,550 | €202,631 | +€20,081 | +11.0% |
| Cash at bank and in hand | 54/58 | €15 | €16 | +€1 | +6.7% |
| Total equity and liabilities | 10/49 | €193,454 | €212,363 | +€18,909 | +9.8% |
| Equity | 10/15 | €180,594 | €196,255 | +€15,661 | +8.7% |
| Reserves | 13 | €23,000 | €38,500 | +€15,500 | +67.4% |
| Distributable reserves | 133 | €23,000 | €38,500 | +€15,500 | +67.4% |
| Profit (loss) carried forward | 14 | €157,594 | €157,755 | +€161 | +0.1% |
| Amounts payable | 17/49 | €12,860 | €16,108 | +€3,248 | +25.3% |
| Amounts payable within one year | 42/48 | €12,858 | €16,106 | +€3,248 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €2,008 | €4,836 | +€2,828 | +140.8% |
| Suppliers | 440/4 | €2,008 | €4,836 | +€2,828 | +140.8% |
| Taxes, remuneration and social security | 45 | €850 | €1,270 | +€420 | +49.4% |
| Taxes | 450/3 | €850 | €1,270 | +€420 | +49.4% |
| Accrued charges and deferred income | 492/3 | €2 | €2 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,218 | €1,359 | +€141 | +11.6% |
| Other operating charges | 640/8 | €808 | €273 | -€535 | -66.2% |
| Gross operating margin | 9900 | €13,030 | €14,061 | +€1,031 | +7.9% |
| Operating profit (loss) | 9901 | €11,004 | €12,429 | +€1,425 | +12.9% |
| Financial income | 75/76B | €10,368 | €10,059 | -€309 | -3.0% |
| Recurring financial income | 75 | €10,368 | €10,059 | -€309 | -3.0% |
| Financial charges | 65/66B | €1,138 | €1,268 | +€130 | +11.4% |
| Recurring financial charges | 65 | €1,138 | €1,208 | +€70 | +6.2% |
| Non-recurring financial charges | 66B | - | €60 | +€60 | |
| Profit (loss) for the period before taxes | 9903 | €20,234 | €21,220 | +€986 | +4.9% |
| Income taxes | 67/77 | €6,441 | €5,559 | -€882 | -13.7% |
| Profit (loss) for the period | 9904 | €13,793 | €15,661 | +€1,868 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,793 | €15,661 | +€1,868 | +13.5% |
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 3 October 2026 via checked.be.