CAPVEST: 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.
CAPVEST
Largest movements
- Tangible fixed assets -€19,700
down €19,700 (-2.1%), from €929,022 to €909,322
of which Land and buildings: -€19,308
- Debts after one year -€17,911
down €17,911 (-4.2%), from €431,528 to €413,617
- Other operating charges +€11,763
up €11,763 (+379.5%), from €3,100 to €14,863
- Staff costs -€3,969
down €3,969 (-11.1%), from €35,840 to €31,870
- Gross operating margin +€3,253
up €3,253 (+4.7%), from €69,504 to €72,757
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 | €932,324 | €910,494 | -€21,830 | -2.3% |
| Fixed assets | 21/28 | €929,022 | €909,322 | -€19,700 | -2.1% |
| Tangible fixed assets | 22/27 | €929,022 | €909,322 | -€19,700 | -2.1% |
| Land and buildings | 22 | €926,055 | €906,746 | -€19,308 | -2.1% |
| Furniture and vehicles | 24 | €2,967 | €2,576 | -€391 | -13.2% |
| Current assets | 29/58 | €3,302 | €1,172 | -€2,130 | -64.5% |
| Amounts receivable within one year | 40/41 | - | €59 | +€59 | |
| Trade receivables | 40 | - | €59 | +€59 | |
| Cash at bank and in hand | 54/58 | €3,302 | €1,113 | -€2,189 | -66.3% |
| Total equity and liabilities | 10/49 | €932,324 | €910,494 | -€21,830 | -2.3% |
| Equity | 10/15 | €155,984 | €157,106 | +€1,121 | +0.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €344,767 | €344,767 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€288,782 | -€287,661 | +€1,121 | +0.4% |
| Amounts payable | 17/49 | €776,339 | €753,388 | -€22,951 | -3.0% |
| Amounts payable after more than one year | 17 | €431,528 | €413,617 | -€17,911 | -4.2% |
| Financial debts | 170/4 | €431,528 | €413,617 | -€17,911 | -4.2% |
| Amounts payable within one year | 42/48 | €344,811 | €339,771 | -€5,040 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €21,173 | €21,173 | = | 0.0% |
| Trade debts | 44 | €5,143 | - | -€5,143 | |
| Suppliers | 440/4 | €5,143 | - | -€5,143 | |
| Other amounts payable | 47/48 | €318,495 | €318,598 | +€103 | 0.0% |
| Remuneration, social security and pensions | 62 | €35,840 | €31,870 | -€3,969 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,101 | €21,408 | +€307 | +1.5% |
| Other operating charges | 640/8 | €3,100 | €14,863 | +€11,763 | +379.5% |
| Gross operating margin | 9900 | €69,504 | €72,757 | +€3,253 | +4.7% |
| Operating profit (loss) | 9901 | €9,463 | €4,615 | -€4,847 | -51.2% |
| Financial charges | 65/66B | €3,880 | €3,494 | -€386 | -9.9% |
| Recurring financial charges | 65 | €3,880 | €3,494 | -€386 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €5,583 | €1,121 | -€4,462 | -79.9% |
| Profit (loss) for the period | 9904 | €5,583 | €1,121 | -€4,462 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,583 | €1,121 | -€4,462 | -79.9% |
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 4 October 2026 via checked.be.