CAPTAR: 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.
CAPTAR
Largest movements
- Receivables within one year +€58,645
up €58,645 (+74.2%), from €79,075 to €137,720
of which Trade receivables: +€55,186
- Cash +€15,162
up €15,162 (+15.1%), from €100,317 to €115,479
mainly Net result for the year (+€61,093) and Tax, wage and social debts (+€28,717)
- Tangible fixed assets +€9,630
up €9,630 (+41.7%), from €23,067 to €32,697
of which Furniture and vehicles: +€9,708
- Reserves +€61,093
up €61,093 (+45.8%), from €133,359 to €194,452
of which Distributable reserves: +€61,093
- Tax, wage and social debts +€28,717
up €28,717 (+45.9%), from €62,614 to €91,332
of which Taxes: +€14,985
- Trade debts -€6,923
down €6,923 (-33.5%), from €20,679 to €13,756
- Gross operating margin +€104,259
up €104,259 (+67.4%), from €154,625 to €258,884
- Staff costs +€39,532
up €39,532 (+27.3%), from €145,063 to €184,594
- Taxes +€9,332
up €9,332 (+2582.9%), from €361 to €9,693
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 | €229,053 | €311,940 | +€82,887 | +36.2% |
| Fixed assets | 21/28 | €23,297 | €32,927 | +€9,630 | +41.3% |
| Tangible fixed assets | 22/27 | €23,067 | €32,697 | +€9,630 | +41.7% |
| Land and buildings | 22 | €11,250 | €11,250 | = | 0.0% |
| Plant, machinery and equipment | 23 | €316 | €237 | -€78 | -24.8% |
| Furniture and vehicles | 24 | €11,501 | €21,210 | +€9,708 | +84.4% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €205,756 | €279,013 | +€73,257 | +35.6% |
| Amounts receivable after more than one year | 29 | €21,927 | €21,927 | = | 0.0% |
| Other amounts receivable | 291 | €21,927 | €21,927 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €79,075 | €137,720 | +€58,645 | +74.2% |
| Trade receivables | 40 | €67,853 | €123,039 | +€55,186 | +81.3% |
| Other amounts receivable | 41 | €11,222 | €14,682 | +€3,459 | +30.8% |
| Cash at bank and in hand | 54/58 | €100,317 | €115,479 | +€15,162 | +15.1% |
| Deferred charges and accrued income | 490/1 | €4,438 | €3,887 | -€551 | -12.4% |
| Total equity and liabilities | 10/49 | €229,053 | €311,940 | +€82,887 | +36.2% |
| Equity | 10/15 | €145,759 | €206,852 | +€61,093 | +41.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €133,359 | €194,452 | +€61,093 | +45.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €131,499 | €192,592 | +€61,093 | +46.5% |
| Amounts payable | 17/49 | €83,293 | €105,088 | +€21,794 | +26.2% |
| Amounts payable within one year | 42/48 | €83,293 | €105,088 | +€21,794 | +26.2% |
| Trade debts | 44 | €20,679 | €13,756 | -€6,923 | -33.5% |
| Suppliers | 440/4 | €20,679 | €13,756 | -€6,923 | -33.5% |
| Taxes, remuneration and social security | 45 | €62,614 | €91,332 | +€28,717 | +45.9% |
| Taxes | 450/3 | €38,867 | €53,853 | +€14,985 | +38.6% |
| Remuneration and social security | 454/9 | €23,747 | €37,479 | +€13,732 | +57.8% |
| Remuneration, social security and pensions | 62 | €145,063 | €184,594 | +€39,532 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,338 | €2,699 | +€1,361 | +101.7% |
| Other operating charges | 640/8 | €2,135 | €1,806 | -€328 | -15.4% |
| Gross operating margin | 9900 | €154,625 | €258,884 | +€104,259 | +67.4% |
| Operating profit (loss) | 9901 | €6,089 | €69,785 | +€63,695 | +1046.0% |
| Financial income | 75/76B | €1,143 | €1,170 | +€28 | +2.4% |
| Recurring financial income | 75 | €1,143 | €1,170 | +€28 | +2.4% |
| Financial charges | 65/66B | €146 | €169 | +€23 | +15.8% |
| Recurring financial charges | 65 | €146 | €169 | +€23 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €7,086 | €70,786 | +€63,700 | +898.9% |
| Income taxes | 67/77 | €361 | €9,693 | +€9,332 | +2582.9% |
| Profit (loss) for the period | 9904 | €6,725 | €61,093 | +€54,368 | +808.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,725 | €61,093 | +€54,368 | +808.5% |
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.