CAPTIVA: 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.
CAPTIVA
Largest movements
- Financial fixed assets +€403,774
up €403,774, from €0 to €403,774
- Receivables after one year -€246,177
down €246,177 (-41.2%), from €597,017 to €350,840
- Cash -€76,128
down €76,128 (-52.6%), from €144,846 to €68,717
mainly Investment in fixed assets (net) (-€419,030) and Short-term financial debts (-€28,145)
- Debts after one year +€99,288
up €99,288 (+69.2%), from €143,467 to €242,755
- Short-term financial debts -€28,145
down €28,145 (-64.5%), from €43,639 to €15,494
- Tax, wage and social debts +€12,135
up €12,135, from €0 to €12,135
of which Taxes: +€9,585
- Financial income -€98,586
down €98,586 (-94.1%), from €104,762 to €6,175
of which Non-recurring financial income: -€75,000
- Gross operating margin +€35,159
up €35,159 (+546%), from €6,445 to €41,604
- Depreciation +€5,828
up €5,828 (+36.9%), from €15,780 to €21,608
- Financial charges +€4,729
up €4,729 (+62.5%), from €7,566 to €12,296
- Other operating charges -€2,892
down €2,892 (-60.4%), from €4,788 to €1,895
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 | €989,286 | €1,085,605 | +€96,318 | +9.7% |
| Fixed assets | 21/28 | €73,854 | €471,276 | +€397,422 | +538% |
| Tangible fixed assets | 22/27 | €73,854 | €67,502 | -€6,352 | -8.6% |
| Furniture and vehicles | 24 | €72,782 | €62,719 | -€10,063 | -13.8% |
| Other tangible fixed assets | 26 | €1,072 | €4,783 | +€3,711 | +346% |
| Financial fixed assets | 28 | €0 | €403,774 | +€403,774 | |
| Current assets | 29/58 | €915,432 | €614,329 | -€301,104 | -32.9% |
| Amounts receivable after more than one year | 29 | €597,017 | €350,840 | -€246,177 | -41.2% |
| Other amounts receivable | 291 | €597,017 | €350,840 | -€246,177 | -41.2% |
| Amounts receivable within one year | 40/41 | €117,517 | €126,790 | +€9,274 | +7.9% |
| Trade receivables | 40 | €72,020 | €65,091 | -€6,929 | -9.6% |
| Other amounts receivable | 41 | €45,497 | €61,700 | +€16,203 | +35.6% |
| Current investments | 50/53 | €56,053 | €58,601 | +€2,548 | +4.5% |
| Cash at bank and in hand | 54/58 | €144,846 | €68,717 | -€76,128 | -52.6% |
| Deferred charges and accrued income | 490/1 | - | €9,379 | +€9,379 | |
| Total equity and liabilities | 10/49 | €989,286 | €1,085,605 | +€96,318 | +9.7% |
| Equity | 10/15 | €711,213 | €719,355 | +€8,143 | +1.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €698,813 | €706,955 | +€8,143 | +1.2% |
| 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 | €696,953 | €705,095 | +€8,143 | +1.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €278,074 | €366,249 | +€88,175 | +31.7% |
| Amounts payable after more than one year | 17 | €143,467 | €242,755 | +€99,288 | +69.2% |
| Financial debts | 170/4 | €143,467 | €242,755 | +€99,288 | +69.2% |
| Amounts payable within one year | 42/48 | €134,607 | €123,494 | -€11,113 | -8.3% |
| Financial debts | 43 | €43,639 | €15,494 | -€28,145 | -64.5% |
| Credit institutions | 430/8 | €43,639 | €15,494 | -€28,145 | -64.5% |
| Trade debts | 44 | €90,967 | €89,306 | -€1,661 | -1.8% |
| Suppliers | 440/4 | €90,967 | €89,306 | -€1,661 | -1.8% |
| Taxes, remuneration and social security | 45 | €0 | €12,135 | +€12,135 | |
| Taxes | 450/3 | €0 | €9,585 | +€9,585 | |
| Remuneration and social security | 454/9 | - | €2,550 | +€2,550 | |
| Other amounts payable | 47/48 | €0 | €6,559 | +€6,559 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,780 | €21,608 | +€5,828 | +36.9% |
| Other operating charges | 640/8 | €4,788 | €1,895 | -€2,892 | -60.4% |
| Gross operating margin | 9900 | €6,445 | €41,604 | +€35,159 | +546% |
| Operating profit (loss) | 9901 | -€14,123 | €18,100 | +€32,223 | |
| Financial income | 75/76B | €104,762 | €6,175 | -€98,586 | -94.1% |
| Recurring financial income | 75 | €29,762 | €6,175 | -€23,586 | -79.3% |
| Non-recurring financial income | 76B | €75,000 | €0 | -€75,000 | -100% |
| Financial charges | 65/66B | €7,566 | €12,296 | +€4,729 | +62.5% |
| Recurring financial charges | 65 | €7,566 | €12,296 | +€4,729 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | €83,073 | €11,980 | -€71,093 | -85.6% |
| Income taxes | 67/77 | €2,760 | €3,837 | +€1,077 | +39.0% |
| Profit (loss) for the period | 9904 | €80,313 | €8,143 | -€72,170 | -89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €80,313 | €8,143 | -€72,170 | -89.9% |
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 13 October 2026 via checked.be.