CAPUZZIMATI: 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.
CAPUZZIMATI
Largest movements
- Receivables within one year +€13,226
up €13,226 (+2.8%), from €466,683 to €479,909
of which Trade receivables: +€34,491
- Tangible fixed assets -€7,643
down €7,643 (-13.5%), from €56,490 to €48,848
of which Plant, machinery and equipment: -€7,862
- Trade debts -€68,732
down €68,732 (-74.4%), from €92,440 to €23,707
- Reserves +€57,604
up €57,604 (+43.0%), from €133,834 to €191,438
of which Distributable reserves: +€57,604
- Debts after one year -€9,929
down €9,929 (-26.8%), from €36,988 to €27,059
- Accrued charges and deferred income +€9,856
new in 2024: €9,856
- Tax, wage and social debts +€9,486
up €9,486 (+60.3%), from €15,720 to €25,206
of which Taxes: +€8,846
- Staff costs +€48,715
up €48,715 (+64.9%), from €75,008 to €123,723
- Gross operating margin +€41,016
up €41,016 (+23.2%), from €177,111 to €218,127
- Financial income +€11,865
up €11,865 (+2118816.1%), from €1 to €11,866
- Taxes +€6,041
up €6,041 (+34.7%), from €17,388 to €23,429
- Write-downs -€6,036
no longer reported in 2024 (was €6,036)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €588,617 | €587,546 | -€1,071 | -0.2% |
| Fixed assets | 21/28 | €68,554 | €60,911 | -€7,643 | -11.1% |
| Tangible fixed assets | 22/27 | €56,490 | €48,848 | -€7,643 | -13.5% |
| Plant, machinery and equipment | 23 | €55,178 | €47,316 | -€7,862 | -14.2% |
| Furniture and vehicles | 24 | €1,313 | €1,532 | +€219 | +16.7% |
| Financial fixed assets | 28 | €12,064 | €12,064 | = | 0.0% |
| Current assets | 29/58 | €520,063 | €526,635 | +€6,572 | +1.3% |
| Amounts receivable within one year | 40/41 | €466,683 | €479,909 | +€13,226 | +2.8% |
| Trade receivables | 40 | €195,526 | €230,016 | +€34,491 | +17.6% |
| Other amounts receivable | 41 | €271,157 | €249,892 | -€21,265 | -7.8% |
| Cash at bank and in hand | 54/58 | €48,835 | €45,183 | -€3,651 | -7.5% |
| Deferred charges and accrued income | 490/1 | €4,545 | €1,542 | -€3,003 | -66.1% |
| Total equity and liabilities | 10/49 | €588,617 | €587,546 | -€1,071 | -0.2% |
| Equity | 10/15 | €381,891 | €439,495 | +€57,604 | +15.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €133,834 | €191,438 | +€57,604 | +43.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €131,975 | €189,579 | +€57,604 | +43.6% |
| Profit (loss) carried forward | 14 | €229,464 | €229,464 | = | 0.0% |
| Provisions and deferred taxes | 16 | €23,191 | €27,294 | +€4,102 | +17.7% |
| Provisions for liabilities and charges | 160/5 | €23,191 | €27,294 | +€4,102 | +17.7% |
| Other liabilities and charges | 164/5 | €23,191 | €27,294 | +€4,102 | +17.7% |
| Amounts payable | 17/49 | €183,535 | €120,758 | -€62,777 | -34.2% |
| Amounts payable after more than one year | 17 | €36,988 | €27,059 | -€9,929 | -26.8% |
| Financial debts | 170/4 | €36,988 | €27,059 | -€9,929 | -26.8% |
| Amounts payable within one year | 42/48 | €146,546 | €83,843 | -€62,703 | -42.8% |
| Current portion of amounts payable after more than one year | 42 | €38,386 | €34,929 | -€3,457 | -9.0% |
| Trade debts | 44 | €92,440 | €23,707 | -€68,732 | -74.4% |
| Suppliers | 440/4 | €92,440 | €23,707 | -€68,732 | -74.4% |
| Taxes, remuneration and social security | 45 | €15,720 | €25,206 | +€9,486 | +60.3% |
| Taxes | 450/3 | €13,312 | €22,158 | +€8,846 | +66.4% |
| Remuneration and social security | 454/9 | €2,408 | €3,048 | +€640 | +26.6% |
| Accrued charges and deferred income | 492/3 | - | €9,856 | +€9,856 | |
| Remuneration, social security and pensions | 62 | €75,008 | €123,723 | +€48,715 | +64.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,044 | €8,930 | -€4,114 | -31.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,036 | - | -€6,036 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €6,509 | €4,102 | -€2,406 | -37.0% |
| Other operating charges | 640/8 | €6,103 | €5,313 | -€790 | -12.9% |
| Gross operating margin | 9900 | €177,111 | €218,127 | +€41,016 | +23.2% |
| Operating profit (loss) | 9901 | €70,412 | €76,059 | +€5,647 | +8.0% |
| Financial income | 75/76B | €1 | €11,866 | +€11,865 | +2118816.1% |
| Recurring financial income | 75 | €1 | €11,866 | +€11,865 | +2118816.1% |
| Financial charges | 65/66B | €10,672 | €6,892 | -€3,780 | -35.4% |
| Recurring financial charges | 65 | €10,672 | €6,892 | -€3,780 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €59,740 | €81,033 | +€21,293 | +35.6% |
| Income taxes | 67/77 | €17,388 | €23,429 | +€6,041 | +34.7% |
| Profit (loss) for the period | 9904 | €42,352 | €57,604 | +€15,252 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,352 | €57,604 | +€15,252 | +36.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.