CAPYM: 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.
What changed
CAPYM
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9,866
2024 · €105,279-€95,414
Equity
€2.0m
2024 · €2.0m+€9,866
Cash
€44,624
2024 · €28,530+€16,095
Balance sheet total
€2.8m
2024 · €2.8m-€67,008
Largest movements
Assets
- Tangible fixed assets -€104,882
down €104,882 (-4.0%), from €2.6m to €2.5m
of which Land and buildings: -€104,882
Equity and liabilities
- Debts after one year -€89,757
down €89,757 (-14.2%), from €630,430 to €540,673
- Trade debts +€29,233
up €29,233 (+2059.1%), from €1,420 to €30,652
Income statement
- Gross operating margin -€92,131
down €92,131 (-31.5%), from €292,683 to €200,552
- Taxes -€28,381
down €28,381 (-83.5%), from €33,995 to €5,614
- Depreciation +€25,123
up €25,123 (+21.7%), from €115,640 to €140,763
- Financial charges +€6,058
up €6,058 (+29.0%), from €20,858 to €26,915
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.
Result 2024
€105,279
Gross operating margin
-€92,131
Depreciation
-€25,123
Other operating charges
-€647
Financial income
+€164
Financial charges
-€6,058
Taxes
+€28,381
Result 2025
€9,866
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.
From operations
+€139,174
Investment
-€35,881
Financing
-€87,199
Cash 2024
€28,530
From operations (derived)
+€139,174
Net result for the year
+€9,866
Depreciation
+€140,763
Receivables within one year
-€20,740
Deferred charges and accrued income
-€1,039
Trade debts
+€29,233
Tax, wage and social debts
-€8,036
Other debts
-€9,307
Accrued charges and deferred income
-€1,565
Investment (derived)
-€35,881
Investment in fixed assets (net)
-€35,881
Financing
-€87,199
Debts after one year
-€89,757
Current portion of long-term debt
+€2,558
Cash 2025
€44,624
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,843,232 | €2,776,224 | -€67,008 | -2.4% |
| Fixed assets | 21/28 | €2,766,948 | €2,662,066 | -€104,882 | -3.8% |
| Tangible fixed assets | 22/27 | €2,636,834 | €2,531,952 | -€104,882 | -4.0% |
| Land and buildings | 22 | €2,136,834 | €2,031,952 | -€104,882 | -4.9% |
| Other tangible fixed assets | 26 | €500,000 | €500,000 | = | 0.0% |
| Financial fixed assets | 28 | €130,114 | €130,114 | = | 0.0% |
| Current assets | 29/58 | €76,284 | €114,158 | +€37,874 | +49.6% |
| Amounts receivable within one year | 40/41 | €45,774 | €66,514 | +€20,740 | +45.3% |
| Other amounts receivable | 41 | €45,774 | €66,514 | +€20,740 | +45.3% |
| Cash at bank and in hand | 54/58 | €28,530 | €44,624 | +€16,095 | +56.4% |
| Deferred charges and accrued income | 490/1 | €1,980 | €3,020 | +€1,039 | +52.5% |
| Total equity and liabilities | 10/49 | €2,843,232 | €2,776,224 | -€67,008 | -2.4% |
| Equity | 10/15 | €2,020,567 | €2,030,433 | +€9,866 | +0.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,814,874 | €1,814,874 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Distributable reserves | 133 | €1,800,000 | €1,800,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,693 | €153,559 | +€9,866 | +6.9% |
| Amounts payable | 17/49 | €822,665 | €745,791 | -€76,874 | -9.3% |
| Amounts payable after more than one year | 17 | €630,430 | €540,673 | -€89,757 | -14.2% |
| Financial debts | 170/4 | €630,430 | €540,673 | -€89,757 | -14.2% |
| Amounts payable within one year | 42/48 | €190,670 | €205,118 | +€14,448 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €87,199 | €89,757 | +€2,558 | +2.9% |
| Trade debts | 44 | €1,420 | €30,652 | +€29,233 | +2059.1% |
| Suppliers | 440/4 | €1,420 | €30,652 | +€29,233 | +2059.1% |
| Taxes, remuneration and social security | 45 | €10,051 | €2,015 | -€8,036 | -80.0% |
| Taxes | 450/3 | €10,051 | €2,015 | -€8,036 | -80.0% |
| Other amounts payable | 47/48 | €92,001 | €82,694 | -€9,307 | -10.1% |
| Accrued charges and deferred income | 492/3 | €1,565 | €0 | -€1,565 | -100.0% |
| Non-recurring operating income | 76A | €8,589 | €0 | -€8,589 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,640 | €140,763 | +€25,123 | +21.7% |
| Other operating charges | 640/8 | €21,663 | €22,309 | +€647 | +3.0% |
| Gross operating margin | 9900 | €292,683 | €200,552 | -€92,131 | -31.5% |
| Operating profit (loss) | 9901 | €155,381 | €37,480 | -€117,901 | -75.9% |
| Financial income | 75/76B | €4,751 | €4,914 | +€164 | +3.4% |
| Recurring financial income | 75 | €4,751 | €4,914 | +€164 | +3.4% |
| Financial charges | 65/66B | €20,858 | €26,915 | +€6,058 | +29.0% |
| Recurring financial charges | 65 | €20,858 | €26,915 | +€6,058 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | €139,274 | €15,479 | -€123,795 | -88.9% |
| Income taxes | 67/77 | €33,995 | €5,614 | -€28,381 | -83.5% |
| Profit (loss) for the period | 9904 | €105,279 | €9,866 | -€95,414 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €105,279 | €9,866 | -€95,414 | -90.6% |
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 29 September 2026 via checked.be.