CPAPA: 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.
CPAPA
Largest movements
- Cash -€12,833
down €12,833 (-9.0%), from €143,311 to €130,478
mainly Net result for the year (-€15,095) and Investment in fixed assets (net) (-€12,659)
- Receivables within one year +€11,886
up €11,886 (+2640.3%), from €450 to €12,336
of which Other amounts receivable: +€11,915
- Profit (loss) carried forward -€15,095
down €15,095 (-60.2%), from -€25,079 to -€40,174
- Other debts +€13,500
up €13,500 (+77319.6%), from €17 to €13,517
- Other operating charges +€1,363
up €1,363 (+45.4%), from €3,002 to €4,365
- Gross operating margin +€1,258
up €1,258 (+58.3%), from €2,159 to €3,417
- Financial income -€285
down €285 (-20.3%), from €1,406 to €1,121
- Depreciation -€202
down €202 (-1.3%), from €15,256 to €15,055
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 | €286,013 | €283,970 | -€2,043 | -0.7% |
| Fixed assets | 21/28 | €140,628 | €138,232 | -€2,396 | -1.7% |
| Tangible fixed assets | 22/27 | €140,628 | €138,232 | -€2,396 | -1.7% |
| Land and buildings | 22 | €138,871 | €123,816 | -€15,055 | -10.8% |
| Furniture and vehicles | 24 | €1,757 | - | -€1,757 | |
| Assets under construction and advance payments | 27 | - | €14,416 | +€14,416 | |
| Current assets | 29/58 | €145,385 | €145,738 | +€353 | +0.2% |
| Amounts receivable within one year | 40/41 | €450 | €12,336 | +€11,886 | +2640.3% |
| Trade receivables | 40 | €28 | - | -€28 | |
| Other amounts receivable | 41 | €422 | €12,336 | +€11,915 | +2824.6% |
| Cash at bank and in hand | 54/58 | €143,311 | €130,478 | -€12,833 | -9.0% |
| Deferred charges and accrued income | 490/1 | €1,624 | €2,923 | +€1,299 | +80.0% |
| Total equity and liabilities | 10/49 | €286,013 | €283,970 | -€2,043 | -0.7% |
| Equity | 10/15 | €283,849 | €268,754 | -€15,095 | -5.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €288,928 | €288,928 | = | 0.0% |
| Distributable reserves | 133 | €288,928 | €288,928 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,079 | -€40,174 | -€15,095 | -60.2% |
| Amounts payable | 17/49 | €2,164 | €15,216 | +€13,052 | +603.0% |
| Amounts payable within one year | 42/48 | €517 | €13,517 | +€13,000 | +2512.3% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €500 | - | -€500 | |
| Taxes | 450/3 | €500 | - | -€500 | |
| Other amounts payable | 47/48 | €17 | €13,517 | +€13,500 | +77319.6% |
| Accrued charges and deferred income | 492/3 | €1,647 | €1,699 | +€52 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,256 | €15,055 | -€202 | -1.3% |
| Other operating charges | 640/8 | €3,002 | €4,365 | +€1,363 | +45.4% |
| Gross operating margin | 9900 | €2,159 | €3,417 | +€1,258 | +58.3% |
| Operating profit (loss) | 9901 | -€16,099 | -€16,003 | +€96 | +0.6% |
| Financial income | 75/76B | €1,406 | €1,121 | -€285 | -20.3% |
| Recurring financial income | 75 | €1,406 | €1,121 | -€285 | -20.3% |
| Financial charges | 65/66B | €190 | €214 | +€24 | +12.5% |
| Recurring financial charges | 65 | €190 | €214 | +€24 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,883 | -€15,095 | -€212 | -1.4% |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | -€14,883 | -€15,095 | -€212 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,883 | -€15,095 | -€212 | -1.4% |
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.