CAPZOU: 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.
CAPZOU
Largest movements
- Receivables within one year +€79,815
up €79,815 (+21.5%), from €370,774 to €450,589
of which Other amounts receivable: +€79,781
- Reserves +€37,346
up €37,346 (+79.2%), from €47,128 to €84,474
- Other debts +€35,541
up €35,541 (+2.2%), from €1.6m to €1.7m
- Gross operating margin -€10,686
down €10,686 (-13.5%), from €79,298 to €68,612
- Depreciation -€10,237
down €10,237 (-23.5%), from €43,559 to €33,321
- Financial income +€7,483
up €7,483 (+43.1%), from €17,372 to €24,855
- Taxes +€2,614
up €2,614 (+23.0%), from €11,375 to €13,989
- Financial charges -€1,738
down €1,738 (-29.1%), from €5,982 to €4,244
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,197,025 | €2,290,725 | +€93,700 | +4.3% |
| Fixed assets | 21/28 | €1,817,993 | €1,832,436 | +€14,443 | +0.8% |
| Tangible fixed assets | 22/27 | €1,817,993 | €1,832,436 | +€14,443 | +0.8% |
| Land and buildings | 22 | €1,576,346 | €1,566,937 | -€9,409 | -0.6% |
| Plant, machinery and equipment | 23 | €228,074 | €253,375 | +€25,301 | +11.1% |
| Furniture and vehicles | 24 | €13,572 | €12,123 | -€1,449 | -10.7% |
| Current assets | 29/58 | €379,033 | €458,289 | +€79,257 | +20.9% |
| Amounts receivable within one year | 40/41 | €370,774 | €450,589 | +€79,815 | +21.5% |
| Trade receivables | 40 | €559 | €593 | +€34 | +6.1% |
| Other amounts receivable | 41 | €370,216 | €449,997 | +€79,781 | +21.5% |
| Cash at bank and in hand | 54/58 | €8,032 | €7,487 | -€545 | -6.8% |
| Deferred charges and accrued income | 490/1 | €226 | €213 | -€13 | -5.9% |
| Total equity and liabilities | 10/49 | €2,197,025 | €2,290,725 | +€93,700 | +4.3% |
| Equity | 10/15 | €547,128 | €584,474 | +€37,346 | +6.8% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €47,128 | €84,474 | +€37,346 | +79.2% |
| Distributable reserves | 133 | €47,128 | €84,474 | +€37,346 | +79.2% |
| Amounts payable | 17/49 | €1,649,898 | €1,706,251 | +€56,353 | +3.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,649,898 | €1,706,251 | +€56,353 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,502 | €20,686 | +€18,184 | +727% |
| Suppliers | 440/4 | €2,502 | €20,686 | +€18,184 | +727% |
| Taxes, remuneration and social security | 45 | €12,010 | €14,638 | +€2,628 | +21.9% |
| Taxes | 450/3 | €12,010 | €14,638 | +€2,628 | +21.9% |
| Other amounts payable | 47/48 | €1,635,385 | €1,670,927 | +€35,541 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,559 | €33,321 | -€10,237 | -23.5% |
| Other operating charges | 640/8 | €4,508 | €4,567 | +€58 | +1.3% |
| Gross operating margin | 9900 | €79,298 | €68,612 | -€10,686 | -13.5% |
| Operating profit (loss) | 9901 | €31,231 | €30,724 | -€507 | -1.6% |
| Financial income | 75/76B | €17,372 | €24,855 | +€7,483 | +43.1% |
| Recurring financial income | 75 | €17,372 | €24,855 | +€7,483 | +43.1% |
| Financial charges | 65/66B | €5,982 | €4,244 | -€1,738 | -29.1% |
| Recurring financial charges | 65 | €5,982 | €4,244 | -€1,738 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €42,621 | €51,335 | +€8,714 | +20.4% |
| Income taxes | 67/77 | €11,375 | €13,989 | +€2,614 | +23.0% |
| Profit (loss) for the period | 9904 | €31,247 | €37,346 | +€6,100 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,247 | €37,346 | +€6,100 | +19.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.