CAPZ & CANDY: 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.
What changed
CAPZ & CANDY
NACE 92.000, Gambling and betting activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€57,950
2024 · €120,197-€62,246
Equity
€651,525
2024 · €636,431+€15,093
Cash
€87,890
2024 · €8,121+€79,769
Balance sheet total
€1.9m
2024 · €1.9m-€8,936
Largest movements
Assets
- Stocks and contracts -€90,041
down €90,041 (-11.1%), from €808,628 to €718,587
- Cash +€79,769
up €79,769 (+982%), from €8,121 to €87,890
mainly Stocks and contracts (+€90,041) and Depreciation (+€81,955)
- Receivables within one year -€24,797
down €24,797 (-11.1%), from €224,026 to €199,229
of which Other amounts receivable: -€12,508
Equity and liabilities
- Reserves +€57,500
up €57,500 (+13.5%), from €425,855 to €483,355
- Other debts -€55,015
down €55,015 (-95.4%), from €57,643 to €2,628
- Profit (loss) carried forward -€42,407
down €42,407 (-22.1%), from €192,026 to €149,620
- Trade debts +€21,795
up €21,795 (+52.9%), from €41,215 to €63,011
Income statement
- Gross operating margin -€77,421
down €77,421 (-18.5%), from €418,575 to €341,153
- Taxes -€33,396
down €33,396 (-55.5%), from €60,200 to €26,804
- Financial charges +€11,454
up €11,454 (+16.3%), from €70,362 to €81,815
- Other operating charges -€5,887
down €5,887 (-38.7%), from €15,219 to €9,332
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
€120,197
Gross operating margin
-€77,421
Staff costs
+€1,181
Depreciation
-€4,153
Other operating charges
+€5,887
Other operating items
-€10,264
Financial income
+€581
Financial charges
-€11,454
Taxes
+€33,396
Result 2025
€57,950
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€221,095
Investment
-€105,000
Financing
-€36,326
Cash 2024
€8,121
From operations (derived)
+€221,095
Net result for the year
+€57,950
Depreciation
+€81,955
Stocks and contracts
+€90,041
Receivables within one year
+€24,797
Deferred charges and accrued income
-€3,087
Trade debts
+€21,795
Tax, wage and social debts
+€5,180
Other debts
-€55,015
Accrued charges and deferred income
-€2,521
Investment (derived)
-€105,000
Investment in fixed assets (net)
-€105,000
Financing
-€36,326
Debts after one year
-€11,804
Current portion of long-term debt
+€9,924
Short-term financial debts
+€8,411
Contributions, distributions and other
-€42,857
Cash 2025
€87,890
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,861,285 | €1,852,349 | -€8,936 | -0.5% |
| Fixed assets | 21/28 | €804,942 | €827,988 | +€23,046 | +2.9% |
| Intangible fixed assets | 21 | €993 | €5,550 | +€4,557 | +459% |
| Tangible fixed assets | 22/27 | €798,864 | €817,353 | +€18,489 | +2.3% |
| Plant, machinery and equipment | 23 | €37,971 | €58,828 | +€20,857 | +54.9% |
| Furniture and vehicles | 24 | €73,141 | €118,269 | +€45,128 | +61.7% |
| Leasing and similar rights | 25 | €640,843 | €594,664 | -€46,178 | -7.2% |
| Other tangible fixed assets | 26 | €46,910 | €45,592 | -€1,318 | -2.8% |
| Financial fixed assets | 28 | €5,085 | €5,085 | = | 0.0% |
| Current assets | 29/58 | €1,056,343 | €1,024,361 | -€31,982 | -3.0% |
| Stocks and contracts in progress | 3 | €808,628 | €718,587 | -€90,041 | -11.1% |
| Stocks | 30/36 | €808,628 | €718,587 | -€90,041 | -11.1% |
| Amounts receivable within one year | 40/41 | €224,026 | €199,229 | -€24,797 | -11.1% |
| Trade receivables | 40 | €211,504 | €199,216 | -€12,288 | -5.8% |
| Other amounts receivable | 41 | €12,522 | €14 | -€12,508 | -99.9% |
| Cash at bank and in hand | 54/58 | €8,121 | €87,890 | +€79,769 | +982% |
| Deferred charges and accrued income | 490/1 | €15,568 | €18,655 | +€3,087 | +19.8% |
| Total equity and liabilities | 10/49 | €1,861,285 | €1,852,349 | -€8,936 | -0.5% |
| Equity | 10/15 | €636,431 | €651,525 | +€15,093 | +2.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €425,855 | €483,355 | +€57,500 | +13.5% |
| Distributable reserves | 133 | €425,855 | €483,355 | +€57,500 | +13.5% |
| Profit (loss) carried forward | 14 | €192,026 | €149,620 | -€42,407 | -22.1% |
| Amounts payable | 17/49 | €1,224,854 | €1,200,824 | -€24,030 | -2.0% |
| Amounts payable after more than one year | 17 | €522,144 | €510,340 | -€11,804 | -2.3% |
| Financial debts | 170/4 | €522,144 | €510,340 | -€11,804 | -2.3% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €699,267 | €689,563 | -€9,705 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €69,425 | €79,350 | +€9,924 | +14.3% |
| Financial debts | 43 | €450,000 | €458,411 | +€8,411 | +1.9% |
| Credit institutions | 430/8 | €450,000 | €458,411 | +€8,411 | +1.9% |
| Trade debts | 44 | €41,215 | €63,011 | +€21,795 | +52.9% |
| Suppliers | 440/4 | €41,215 | €63,011 | +€21,795 | +52.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €80,983 | €86,164 | +€5,180 | +6.4% |
| Taxes | 450/3 | €72,418 | €77,401 | +€4,983 | +6.9% |
| Remuneration and social security | 454/9 | €8,565 | €8,762 | +€197 | +2.3% |
| Other amounts payable | 47/48 | €57,643 | €2,628 | -€55,015 | -95.4% |
| Accrued charges and deferred income | 492/3 | €3,442 | €921 | -€2,521 | -73.2% |
| Remuneration, social security and pensions | 62 | €75,785 | €74,604 | -€1,181 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,801 | €81,955 | +€4,153 | +5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €15,219 | €9,332 | -€5,887 | -38.7% |
| Non-recurring operating charges | 66A | €0 | €10,264 | +€10,264 | |
| Gross operating margin | 9900 | €418,575 | €341,153 | -€77,421 | -18.5% |
| Operating profit (loss) | 9901 | €249,769 | €164,999 | -€84,770 | -33.9% |
| Financial income | 75/76B | €989 | €1,570 | +€581 | +58.8% |
| Recurring financial income | 75 | €989 | €1,570 | +€581 | +58.8% |
| Financial charges | 65/66B | €70,362 | €81,815 | +€11,454 | +16.3% |
| Recurring financial charges | 65 | €70,362 | €81,815 | +€11,454 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €180,397 | €84,754 | -€95,642 | -53.0% |
| Income taxes | 67/77 | €60,200 | €26,804 | -€33,396 | -55.5% |
| Profit (loss) for the period | 9904 | €120,197 | €57,950 | -€62,246 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €120,197 | €57,950 | -€62,246 | -51.8% |
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 20 October 2026 via checked.be.