CAPware: 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.
CAPware
Largest movements
- Cash -€53,453
down €53,453 (-35.4%), from €150,871 to €97,418
mainly Other debts (-€128,742) and Contributions, distributions and other (-€82,343)
- Receivables within one year +€38,494
up €38,494 (+39.4%), from €97,656 to €136,150
of which Other amounts receivable: +€82,363
- Deferred charges and accrued income +€20,929
up €20,929 (+309.5%), from €6,762 to €27,691
- Profit (loss) carried forward +€136,194
up €136,194 (+1084.4%), from €12,560 to €148,754
- Other debts -€128,742
down €128,742 (-61.0%), from €211,085 to €82,343
- Gross operating margin -€9,312
down €9,312 (-3.1%), from €302,712 to €293,400
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 | €261,088 | €266,951 | +€5,863 | +2.2% |
| Fixed assets | 21/28 | €5,799 | €5,693 | -€107 | -1.8% |
| Tangible fixed assets | 22/27 | €5,799 | €5,693 | -€107 | -1.8% |
| Furniture and vehicles | 24 | €5,799 | €5,693 | -€107 | -1.8% |
| Current assets | 29/58 | €255,289 | €261,258 | +€5,970 | +2.3% |
| Amounts receivable within one year | 40/41 | €97,656 | €136,150 | +€38,494 | +39.4% |
| Trade receivables | 40 | €97,612 | €53,743 | -€43,869 | -44.9% |
| Other amounts receivable | 41 | €44 | €82,407 | +€82,363 | +187658.6% |
| Cash at bank and in hand | 54/58 | €150,871 | €97,418 | -€53,453 | -35.4% |
| Deferred charges and accrued income | 490/1 | €6,762 | €27,691 | +€20,929 | +309.5% |
| Total equity and liabilities | 10/49 | €261,088 | €266,951 | +€5,863 | +2.2% |
| Equity | 10/15 | €12,561 | €148,755 | +€136,194 | +1084.3% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,560 | €148,754 | +€136,194 | +1084.4% |
| Amounts payable | 17/49 | €248,527 | €118,196 | -€130,331 | -52.4% |
| Amounts payable within one year | 42/48 | €248,527 | €118,196 | -€130,331 | -52.4% |
| Trade debts | 44 | €5,574 | €3,167 | -€2,407 | -43.2% |
| Suppliers | 440/4 | €5,574 | €3,167 | -€2,407 | -43.2% |
| Taxes, remuneration and social security | 45 | €31,868 | €32,686 | +€818 | +2.6% |
| Taxes | 450/3 | €31,868 | €32,686 | +€818 | +2.6% |
| Other amounts payable | 47/48 | €211,085 | €82,343 | -€128,742 | -61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,147 | €3,300 | +€153 | +4.9% |
| Other operating charges | 640/8 | - | €191 | +€191 | |
| Gross operating margin | 9900 | €302,712 | €293,400 | -€9,312 | -3.1% |
| Operating profit (loss) | 9901 | €299,565 | €289,909 | -€9,656 | -3.2% |
| Financial income | 75/76B | €359 | €2,613 | +€2,254 | +627.6% |
| Recurring financial income | 75 | €359 | €2,613 | +€2,254 | +627.6% |
| Financial charges | 65/66B | €6,127 | €6,304 | +€176 | +2.9% |
| Recurring financial charges | 65 | €6,127 | €6,304 | +€176 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €293,797 | €286,219 | -€7,579 | -2.6% |
| Income taxes | 67/77 | €70,153 | €67,682 | -€2,471 | -3.5% |
| Profit (loss) for the period | 9904 | €223,645 | €218,537 | -€5,107 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €223,645 | €218,537 | -€5,107 | -2.3% |
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 6 October 2026 via checked.be.