Captana: 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.
Captana
Largest movements
- Cash -€66,748
down €66,748 (-20.1%), from €332,750 to €266,002
mainly Contributions, distributions and other (-€100,000) and Other debts (-€52,588)
- Tangible fixed assets -€7,862
down €7,862 (-8.1%), from €96,686 to €88,824
of which Furniture and vehicles: -€10,277
- Other debts -€52,588
down €52,588 (-54.3%), from €96,779 to €44,190
- Reserves -€20,598
down €20,598 (-6.6%), from €312,226 to €291,628
of which Distributable reserves: -€20,598
- Taxes +€6,953
up €6,953 (+22.8%), from €30,498 to €37,451
- Gross operating margin -€5,799
down €5,799 (-4.3%), from €134,166 to €128,367
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 | €451,440 | €376,710 | -€74,730 | -16.6% |
| Fixed assets | 21/28 | €97,436 | €89,574 | -€7,862 | -8.1% |
| Tangible fixed assets | 22/27 | €96,686 | €88,824 | -€7,862 | -8.1% |
| Land and buildings | 22 | €78,052 | €77,792 | -€260 | -0.3% |
| Plant, machinery and equipment | 23 | - | €1,276 | +€1,276 | |
| Furniture and vehicles | 24 | €15,373 | €5,096 | -€10,277 | -66.8% |
| Other tangible fixed assets | 26 | €3,261 | €4,660 | +€1,399 | +42.9% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €354,005 | €287,136 | -€66,868 | -18.9% |
| Amounts receivable within one year | 40/41 | €20,075 | €19,745 | -€329 | -1.6% |
| Trade receivables | 40 | €20,075 | €19,745 | -€329 | -1.6% |
| Cash at bank and in hand | 54/58 | €332,750 | €266,002 | -€66,748 | -20.1% |
| Deferred charges and accrued income | 490/1 | €1,180 | €1,388 | +€209 | +17.7% |
| Total equity and liabilities | 10/49 | €451,440 | €376,710 | -€74,730 | -16.6% |
| Equity | 10/15 | €330,826 | €310,228 | -€20,598 | -6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €312,226 | €291,628 | -€20,598 | -6.6% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €293,476 | €272,878 | -€20,598 | -7.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €120,614 | €66,481 | -€54,133 | -44.9% |
| Amounts payable within one year | 42/48 | €119,114 | €65,481 | -€53,633 | -45.0% |
| Trade debts | 44 | €254 | €658 | +€404 | +159% |
| Suppliers | 440/4 | €254 | €658 | +€404 | +159% |
| Taxes, remuneration and social security | 45 | €22,082 | €20,633 | -€1,449 | -6.6% |
| Taxes | 450/3 | €22,082 | €20,633 | -€1,449 | -6.6% |
| Other amounts payable | 47/48 | €96,779 | €44,190 | -€52,588 | -54.3% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,000 | -€500 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,278 | €11,498 | -€780 | -6.4% |
| Other operating charges | 640/8 | €1,453 | €1,262 | -€191 | -13.2% |
| Gross operating margin | 9900 | €134,166 | €128,367 | -€5,799 | -4.3% |
| Operating profit (loss) | 9901 | €120,434 | €115,607 | -€4,827 | -4.0% |
| Financial income | 75/76B | €350 | €1,307 | +€957 | +273% |
| Recurring financial income | 75 | €350 | €1,307 | +€957 | +273% |
| Financial charges | 65/66B | €190 | €61 | -€129 | -68.0% |
| Recurring financial charges | 65 | €190 | €61 | -€129 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | €120,594 | €116,853 | -€3,741 | -3.1% |
| Income taxes | 67/77 | €30,498 | €37,451 | +€6,953 | +22.8% |
| Profit (loss) for the period | 9904 | €90,097 | €79,402 | -€10,694 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €90,097 | €79,402 | -€10,694 | -11.9% |
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 16 October 2026 via checked.be.