Ccaps: 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.
Ccaps
Largest movements
- Stocks and contracts -€225,216
down €225,216 (-39.7%), from €567,615 to €342,399
- Receivables within one year +€157,705
up €157,705 (+11.6%), from €1.4m to €1.5m
of which Trade receivables: +€523,061
- Intangible fixed assets +€89,536
up €89,536 (+226.9%), from €39,459 to €128,995
- Cash +€88,594
up €88,594 (+30.7%), from €288,979 to €377,573
mainly Net result for the year (+€402,926) and Stocks and contracts (+€225,216)
- Tangible fixed assets +€76,073
up €76,073 (+360.5%), from €21,104 to €97,177
of which Other tangible fixed assets: +€44,012
- Trade debts +€167,997
up €167,997 (+173.6%), from €96,779 to €264,776
- Tax, wage and social debts +€69,492
up €69,492 (+28.5%), from €244,239 to €313,731
of which Taxes: +€112,763
- Reserves -€50,619
down €50,619 (-2.9%), from €1.8m to €1.7m
of which Distributable reserves: -€50,619
- Gross operating margin -€160,825
down €160,825 (-9.0%), from €1.8m to €1.6m
- Staff costs +€56,217
up €56,217 (+5.8%), from €968,066 to €1.0m
- Taxes -€53,545
down €53,545 (-27.4%), from €195,758 to €142,213
- Write-downs -€33,784
down €33,784 (-95.1%), from €35,539 to €1,755
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 | €2,276,627 | €2,466,556 | +€189,929 | +8.3% |
| Fixed assets | 21/28 | €60,564 | €234,585 | +€174,021 | +287.3% |
| Intangible fixed assets | 21 | €39,459 | €128,995 | +€89,536 | +226.9% |
| Tangible fixed assets | 22/27 | €21,104 | €97,177 | +€76,073 | +360.5% |
| Plant, machinery and equipment | 23 | €20,135 | €23,725 | +€3,590 | +17.8% |
| Furniture and vehicles | 24 | €455 | €28,926 | +€28,471 | +6254.4% |
| Other tangible fixed assets | 26 | €514 | €44,527 | +€44,012 | +8558.2% |
| Financial fixed assets | 28 | - | €8,413 | +€8,413 | |
| Current assets | 29/58 | €2,216,063 | €2,231,971 | +€15,908 | +0.7% |
| Stocks and contracts in progress | 3 | €567,615 | €342,399 | -€225,216 | -39.7% |
| Stocks | 30/36 | €567,615 | €342,399 | -€225,216 | -39.7% |
| Amounts receivable within one year | 40/41 | €1,354,294 | €1,512,000 | +€157,705 | +11.6% |
| Trade receivables | 40 | €988,913 | €1,511,974 | +€523,061 | +52.9% |
| Other amounts receivable | 41 | €365,382 | €26 | -€365,356 | -100.0% |
| Cash at bank and in hand | 54/58 | €288,979 | €377,573 | +€88,594 | +30.7% |
| Deferred charges and accrued income | 490/1 | €5,176 | €0 | -€5,176 | -100.0% |
| Total equity and liabilities | 10/49 | €2,276,627 | €2,466,556 | +€189,929 | +8.3% |
| Equity | 10/15 | €1,841,219 | €1,790,600 | -€50,619 | -2.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €1,766,219 | €1,715,600 | -€50,619 | -2.9% |
| Tax-exempt reserves | 132 | €618,980 | €618,980 | = | 0.0% |
| Distributable reserves | 133 | €1,147,238 | €1,096,620 | -€50,619 | -4.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €435,409 | €675,956 | +€240,548 | +55.2% |
| Amounts payable after more than one year | 17 | €19,602 | €6,591 | -€13,011 | -66.4% |
| Financial debts | 170/4 | €19,602 | €6,591 | -€13,011 | -66.4% |
| Amounts payable within one year | 42/48 | €353,806 | €592,294 | +€238,488 | +67.4% |
| Current portion of amounts payable after more than one year | 42 | €12,787 | €13,011 | +€224 | +1.8% |
| Trade debts | 44 | €96,779 | €264,776 | +€167,997 | +173.6% |
| Suppliers | 440/4 | €96,779 | €264,776 | +€167,997 | +173.6% |
| Advances received on contracts in progress | 46 | €0 | €775 | +€775 | |
| Taxes, remuneration and social security | 45 | €244,239 | €313,731 | +€69,492 | +28.5% |
| Taxes | 450/3 | €92,612 | €205,374 | +€112,763 | +121.8% |
| Remuneration and social security | 454/9 | €151,628 | €108,357 | -€43,271 | -28.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €62,000 | €77,071 | +€15,071 | +24.3% |
| Remuneration, social security and pensions | 62 | €968,066 | €1,024,283 | +€56,217 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,418 | €38,732 | +€11,314 | +41.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €35,539 | €1,755 | -€33,784 | -95.1% |
| Other operating charges | 640/8 | €10,989 | €15,088 | +€4,100 | +37.3% |
| Non-recurring operating charges | 66A | - | €75 | +€75 | |
| Gross operating margin | 9900 | €1,778,505 | €1,617,681 | -€160,825 | -9.0% |
| Operating profit (loss) | 9901 | €736,493 | €537,748 | -€198,745 | -27.0% |
| Financial income | 75/76B | €18,686 | €21,199 | +€2,513 | +13.4% |
| Recurring financial income | 75 | €18,686 | €21,199 | +€2,513 | +13.4% |
| Financial charges | 65/66B | €11,798 | €13,807 | +€2,009 | +17.0% |
| Recurring financial charges | 65 | €11,798 | €13,807 | +€2,009 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €743,380 | €545,139 | -€198,241 | -26.7% |
| Income taxes | 67/77 | €195,758 | €142,213 | -€53,545 | -27.4% |
| Profit (loss) for the period | 9904 | €547,623 | €402,926 | -€144,697 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €547,623 | €402,926 | -€144,697 | -26.4% |
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 12 October 2026 via checked.be.