CAPSTON PROJECTS: 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.
CAPSTON PROJECTS
Largest movements
- Receivables within one year +€1,983
up €1,983 (+13.9%), from €14,227 to €16,209
of which Other amounts receivable: +€1,438
- Intangible fixed assets -€715
down €715 (-87.9%), from €814 to €99
- Trade debts +€3,275
up €3,275 (+298.2%), from €1,098 to €4,374
- Profit (loss) carried forward -€1,735
down €1,735, from €0 to -€1,735
- Tax, wage and social debts -€745
down €745 (-91.3%), from €816 to €71
- Other debts +€600
up €600 (+8.6%), from €7,000 to €7,600
- Reserves -€270
down €270 (-100.0%), from €270 to €0
- Gross operating margin -€8,414
down €8,414, from €8,212 to -€202
- Other operating charges +€737
up €737 (+1468.5%), from €50 to €787
- Financial charges +€255
up €255 (+550.6%), from €46 to €301
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 | €15,184 | €16,309 | +€1,124 | +7.4% |
| Fixed assets | 21/28 | €814 | €99 | -€715 | -87.9% |
| Intangible fixed assets | 21 | €814 | €99 | -€715 | -87.9% |
| Current assets | 29/58 | €14,370 | €16,210 | +€1,840 | +12.8% |
| Amounts receivable within one year | 40/41 | €14,227 | €16,209 | +€1,983 | +13.9% |
| Trade receivables | 40 | €1,265 | €1,810 | +€545 | +43.1% |
| Other amounts receivable | 41 | €12,962 | €14,400 | +€1,438 | +11.1% |
| Cash at bank and in hand | 54/58 | €144 | €1 | -€143 | -99.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €15,184 | €16,309 | +€1,124 | +7.4% |
| Equity | 10/15 | €6,270 | €4,265 | -€2,006 | -32.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €270 | €0 | -€270 | -100.0% |
| Distributable reserves | 133 | €270 | €0 | -€270 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | -€1,735 | -€1,735 | |
| Amounts payable | 17/49 | €8,914 | €12,044 | +€3,130 | +35.1% |
| Amounts payable within one year | 42/48 | €8,914 | €12,044 | +€3,130 | +35.1% |
| Trade debts | 44 | €1,098 | €4,374 | +€3,275 | +298.2% |
| Suppliers | 440/4 | €1,098 | €4,374 | +€3,275 | +298.2% |
| Taxes, remuneration and social security | 45 | €816 | €71 | -€745 | -91.3% |
| Taxes | 450/3 | €816 | €71 | -€745 | -91.3% |
| Other amounts payable | 47/48 | €7,000 | €7,600 | +€600 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €715 | €715 | = | 0.0% |
| Other operating charges | 640/8 | €50 | €787 | +€737 | +1468.5% |
| Gross operating margin | 9900 | €8,212 | -€202 | -€8,414 | |
| Operating profit (loss) | 9901 | €7,447 | -€1,704 | -€9,151 | |
| Financial income | 75/76B | €11 | €0 | -€11 | -100.0% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -100.0% |
| Financial charges | 65/66B | €46 | €301 | +€255 | +550.6% |
| Recurring financial charges | 65 | €46 | €301 | +€255 | +550.6% |
| Profit (loss) for the period before taxes | 9903 | €7,411 | -€2,006 | -€9,417 | |
| Income taxes | 67/77 | €71 | €0 | -€71 | -100.0% |
| Profit (loss) for the period | 9904 | €7,340 | -€2,006 | -€9,346 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,340 | -€2,006 | -€9,346 |
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 8 October 2026 via checked.be.