CapVerstra: 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.
CapVerstra
Largest movements
- Current investments +€76,819
up €76,819 (+187%), from €41,014 to €117,833
- Cash +€24,424
up €24,424 (+120%), from €20,340 to €44,764
mainly Net result for the year (+€79,314) and Tax, wage and social debts (+€20,989)
- Reserves +€77,900
up €77,900 (+185%), from €42,000 to €119,900
- Tax, wage and social debts +€20,989
up €20,989 (+165%), from €12,726 to €33,715
- Other debts +€2,086
up €2,086 (+76.1%), from €2,740 to €4,826
- Gross operating margin +€45,890
up €45,890 (+82.7%), from €55,494 to €101,384
- Taxes +€9,555
up €9,555 (+82.9%), from €11,526 to €21,081
- Other operating charges +€1,264
new in 2025: €1,264
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 | €61,355 | €162,598 | +€101,243 | +165% |
| Current assets | 29/58 | €61,355 | €162,598 | +€101,243 | +165% |
| Current investments | 50/53 | €41,014 | €117,833 | +€76,819 | +187% |
| Cash at bank and in hand | 54/58 | €20,340 | €44,764 | +€24,424 | +120% |
| Total equity and liabilities | 10/49 | €61,355 | €162,598 | +€101,243 | +165% |
| Equity | 10/15 | €45,298 | €122,946 | +€77,648 | +171% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €42,000 | €119,900 | +€77,900 | +185% |
| Distributable reserves | 133 | €42,000 | €119,900 | +€77,900 | +185% |
| Profit (loss) carried forward | 14 | €298 | €46 | -€252 | -84.4% |
| Amounts payable | 17/49 | €16,056 | €39,651 | +€23,595 | +147% |
| Amounts payable within one year | 42/48 | €16,056 | €39,651 | +€23,595 | +147% |
| Trade debts | 44 | €590 | €1,110 | +€520 | +88.1% |
| Suppliers | 440/4 | €590 | €1,110 | +€520 | +88.1% |
| Taxes, remuneration and social security | 45 | €12,726 | €33,715 | +€20,989 | +165% |
| Taxes | 450/3 | €12,726 | €33,715 | +€20,989 | +165% |
| Other amounts payable | 47/48 | €2,740 | €4,826 | +€2,086 | +76.1% |
| Other operating charges | 640/8 | - | €1,264 | +€1,264 | |
| Gross operating margin | 9900 | €55,494 | €101,384 | +€45,890 | +82.7% |
| Operating profit (loss) | 9901 | €55,494 | €100,120 | +€44,626 | +80.4% |
| Financial income | 75/76B | €31 | €329 | +€298 | +964% |
| Recurring financial income | 75 | €31 | €329 | +€298 | +964% |
| Financial charges | 65/66B | €35 | €54 | +€19 | +52.5% |
| Recurring financial charges | 65 | €35 | €54 | +€19 | +52.5% |
| Profit (loss) for the period before taxes | 9903 | €55,490 | €100,395 | +€44,906 | +80.9% |
| Income taxes | 67/77 | €11,526 | €21,081 | +€9,555 | +82.9% |
| Profit (loss) for the period | 9904 | €43,964 | €79,314 | +€35,350 | +80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,964 | €79,314 | +€35,350 | +80.4% |
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 24 October 2026 via checked.be.