CAPVER: 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.
CAPVER
Largest movements
- Tangible fixed assets -€15,151
down €15,151 (-4.6%), from €329,583 to €314,432
of which Land and buildings: -€15,151
- Cash -€8,132
down €8,132 (-18.7%), from €43,416 to €35,284
mainly Other debts (-€14,639) and Receivables within one year (-€5,543)
- Receivables within one year +€5,543
up €5,543 (+24.2%), from €22,945 to €28,488
- Other debts -€14,639
down €14,639 (-36.8%), from €39,805 to €25,165
- Gross operating margin -€1,987
down €1,987 (-5.9%), from €33,875 to €31,889
- Staff costs +€762
up €762 (+5.8%), from €13,067 to €13,829
- Financial charges -€673
down €673 (-55.6%), from €1,210 to €537
- Taxes +€662
new in 2025: €662
- Financial income +€583
up €583 (+12896.7%), from €5 to €587
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 | €397,054 | €378,488 | -€18,567 | -4.7% |
| Fixed assets | 21/28 | €329,783 | €314,632 | -€15,151 | -4.6% |
| Tangible fixed assets | 22/27 | €329,583 | €314,432 | -€15,151 | -4.6% |
| Land and buildings | 22 | €329,583 | €314,432 | -€15,151 | -4.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €199 | €199 | = | 0.0% |
| Current assets | 29/58 | €67,272 | €63,856 | -€3,416 | -5.1% |
| Amounts receivable within one year | 40/41 | €22,945 | €28,488 | +€5,543 | +24.2% |
| Trade receivables | 40 | €22,945 | €28,488 | +€5,543 | +24.2% |
| Cash at bank and in hand | 54/58 | €43,416 | €35,284 | -€8,132 | -18.7% |
| Deferred charges and accrued income | 490/1 | €911 | €83 | -€827 | -90.8% |
| Total equity and liabilities | 10/49 | €397,054 | €378,488 | -€18,567 | -4.7% |
| Equity | 10/15 | €339,326 | €337,965 | -€1,361 | -0.4% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Capital | 10 | €49,579 | €49,579 | = | 0.0% |
| Issued capital | 100 | €49,579 | €49,579 | = | 0.0% |
| Revaluation surpluses | 12 | €331,006 | €331,006 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,259 | -€42,619 | -€1,361 | -3.3% |
| Amounts payable | 17/49 | €57,728 | €40,522 | -€17,206 | -29.8% |
| Amounts payable within one year | 42/48 | €57,728 | €40,522 | -€17,206 | -29.8% |
| Trade debts | 44 | €5,871 | €3,998 | -€1,873 | -31.9% |
| Suppliers | 440/4 | €5,871 | €3,998 | -€1,873 | -31.9% |
| Advances received on contracts in progress | 46 | - | €207 | +€207 | |
| Taxes, remuneration and social security | 45 | €12,053 | €11,151 | -€901 | -7.5% |
| Taxes | 450/3 | €9,498 | €8,705 | -€793 | -8.4% |
| Remuneration and social security | 454/9 | €2,554 | €2,446 | -€108 | -4.2% |
| Other amounts payable | 47/48 | €39,805 | €25,165 | -€14,639 | -36.8% |
| Remuneration, social security and pensions | 62 | €13,067 | €13,829 | +€762 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,532 | €15,151 | -€381 | -2.5% |
| Other operating charges | 640/8 | €3,415 | €3,657 | +€242 | +7.1% |
| Gross operating margin | 9900 | €33,875 | €31,889 | -€1,987 | -5.9% |
| Operating profit (loss) | 9901 | €1,861 | -€748 | -€2,609 | |
| Financial income | 75/76B | €5 | €587 | +€583 | +12896.7% |
| Recurring financial income | 75 | €5 | €587 | +€583 | +12896.7% |
| Financial charges | 65/66B | €1,210 | €537 | -€673 | -55.6% |
| Recurring financial charges | 65 | €1,210 | €537 | -€673 | -55.6% |
| Profit (loss) for the period before taxes | 9903 | €655 | -€698 | -€1,354 | |
| Income taxes | 67/77 | - | €662 | +€662 | |
| Profit (loss) for the period | 9904 | €655 | -€1,361 | -€2,016 | |
| Profit (loss) for the period to be appropriated | 9905 | €655 | -€1,361 | -€2,016 |
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 3 October 2026 via checked.be.