CAPVIDIA: 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.
CAPVIDIA
Largest movements
- Receivables within one year +€60,708
up €60,708 (+25.3%), from €240,127 to €300,835
of which Trade receivables: +€68,255
- Accrued charges and deferred income -€63,364
down €63,364 (-29.2%), from €217,024 to €153,659
- Short-term financial debts +€50,000
up €50,000 (+100.0%), from €50,000 to €100,000
- Profit (loss) carried forward +€29,645
up €29,645 (+52.0%), from €57,004 to €86,649
- Trade debts +€28,310
up €28,310 (+40.7%), from €69,511 to €97,820
- Tax, wage and social debts +€12,490
up €12,490 (+55.5%), from €22,507 to €34,998
of which Remuneration and social security: +€12,251
- Gross operating margin +€324,317
up €324,317 (+517.0%), from €62,725 to €387,041
- Staff costs +€85,216
up €85,216 (+43.9%), from €194,267 to €279,483
- Financial charges +€31,215
up €31,215 (+77.8%), from €40,118 to €71,333
- Financial income +€9,278
up €9,278 (+722.0%), from €1,285 to €10,563
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 | €848,859 | €902,102 | +€53,244 | +6.3% |
| Fixed assets | 21/28 | €368,409 | €361,542 | -€6,867 | -1.9% |
| Tangible fixed assets | 22/27 | €353,409 | €346,542 | -€6,867 | -1.9% |
| Land and buildings | 22 | €332,857 | €332,857 | = | 0.0% |
| Plant, machinery and equipment | 23 | €9,968 | €8,317 | -€1,652 | -16.6% |
| Furniture and vehicles | 24 | €10,584 | €5,368 | -€5,216 | -49.3% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €480,450 | €540,561 | +€60,111 | +12.5% |
| Amounts receivable within one year | 40/41 | €240,127 | €300,835 | +€60,708 | +25.3% |
| Trade receivables | 40 | €207,463 | €275,718 | +€68,255 | +32.9% |
| Other amounts receivable | 41 | €32,664 | €25,117 | -€7,547 | -23.1% |
| Cash at bank and in hand | 54/58 | €131,812 | €138,590 | +€6,778 | +5.1% |
| Deferred charges and accrued income | 490/1 | €108,510 | €101,135 | -€7,375 | -6.8% |
| Total equity and liabilities | 10/49 | €848,859 | €902,102 | +€53,244 | +6.3% |
| Equity | 10/15 | €452,449 | €482,094 | +€29,645 | +6.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €320,118 | €320,118 | = | 0.0% |
| Reserves | 13 | €13,827 | €13,827 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,827 | €13,827 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,677 | €7,677 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,004 | €86,649 | +€29,645 | +52.0% |
| Amounts payable | 17/49 | €396,409 | €420,008 | +€23,599 | +6.0% |
| Amounts payable within one year | 42/48 | €179,385 | €266,349 | +€86,963 | +48.5% |
| Financial debts | 43 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Credit institutions | 430/8 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Trade debts | 44 | €69,511 | €97,820 | +€28,310 | +40.7% |
| Suppliers | 440/4 | €69,511 | €97,820 | +€28,310 | +40.7% |
| Taxes, remuneration and social security | 45 | €22,507 | €34,998 | +€12,490 | +55.5% |
| Taxes | 450/3 | €567 | €806 | +€239 | +42.1% |
| Remuneration and social security | 454/9 | €21,941 | €34,192 | +€12,251 | +55.8% |
| Other amounts payable | 47/48 | €37,367 | €33,531 | -€3,837 | -10.3% |
| Accrued charges and deferred income | 492/3 | €217,024 | €153,659 | -€63,364 | -29.2% |
| Remuneration, social security and pensions | 62 | €194,267 | €279,483 | +€85,216 | +43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,748 | €8,834 | -€1,914 | -17.8% |
| Other operating charges | 640/8 | €7,378 | €7,884 | +€505 | +6.8% |
| Non-recurring operating charges | 66A | -€35,044 | €0 | +€35,044 | |
| Gross operating margin | 9900 | €62,725 | €387,041 | +€324,317 | +517.0% |
| Operating profit (loss) | 9901 | -€114,624 | €90,841 | +€205,465 | |
| Financial income | 75/76B | €1,285 | €10,563 | +€9,278 | +722.0% |
| Recurring financial income | 75 | €1,285 | €10,563 | +€9,278 | +722.0% |
| Financial charges | 65/66B | €40,118 | €71,333 | +€31,215 | +77.8% |
| Recurring financial charges | 65 | €40,118 | €71,333 | +€31,215 | +77.8% |
| Profit (loss) for the period before taxes | 9903 | -€153,457 | €30,072 | +€183,529 | |
| Income taxes | 67/77 | €326 | €427 | +€101 | +30.9% |
| Profit (loss) for the period | 9904 | -€153,783 | €29,645 | +€183,428 | |
| Profit (loss) for the period to be appropriated | 9905 | -€153,783 | €29,645 | +€183,428 |
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 11 October 2026 via checked.be.