Dr. Capoen: 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.
Dr. Capoen
Largest movements
- Cash +€160,784
up €160,784 (+99.8%), from €161,132 to €321,915
mainly Net result for the year (+€233,910) and Receivables within one year (+€59,628)
- Deferred charges and accrued income +€69,965
up €69,965 (+64.5%), from €108,520 to €178,485
- Receivables within one year -€59,628
down €59,628 (-39.0%), from €152,848 to €93,220
of which Other amounts receivable: -€67,628
- Tangible fixed assets -€19,856
down €19,856 (-8.3%), from €240,475 to €220,619
of which Furniture and vehicles: -€11,508
- Current investments -€12,588
down €12,588 (-3.4%), from €373,020 to €360,432
- Reserves +€122,059
up €122,059 (+12.4%), from €985,992 to €1.1m
of which Distributable reserves: +€122,059
- Tax, wage and social debts +€15,941
up €15,941 (+243.7%), from €6,543 to €22,484
- Trade debts +€11,765
up €11,765 (+509.1%), from €2,311 to €14,077
- Gross operating margin +€50,147
up €50,147 (+16.1%), from €311,566 to €361,714
- Taxes +€13,542
up €13,542 (+14.5%), from €93,167 to €106,709
- Financial income -€4,932
down €4,932 (-36.1%), from €13,680 to €8,748
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 | €1,035,995 | €1,175,671 | +€139,676 | +13.5% |
| Fixed assets | 21/28 | €240,475 | €221,619 | -€18,856 | -7.8% |
| Tangible fixed assets | 22/27 | €240,475 | €220,619 | -€19,856 | -8.3% |
| Land and buildings | 22 | €220,064 | €212,772 | -€7,292 | -3.3% |
| Plant, machinery and equipment | 23 | €2,474 | €1,920 | -€554 | -22.4% |
| Furniture and vehicles | 24 | €15,974 | €4,466 | -€11,508 | -72.0% |
| Other tangible fixed assets | 26 | €1,963 | €1,461 | -€502 | -25.6% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €795,520 | €954,052 | +€158,532 | +19.9% |
| Amounts receivable within one year | 40/41 | €152,848 | €93,220 | -€59,628 | -39.0% |
| Trade receivables | 40 | - | €8,000 | +€8,000 | |
| Other amounts receivable | 41 | €152,848 | €85,220 | -€67,628 | -44.2% |
| Current investments | 50/53 | €373,020 | €360,432 | -€12,588 | -3.4% |
| Cash at bank and in hand | 54/58 | €161,132 | €321,915 | +€160,784 | +99.8% |
| Deferred charges and accrued income | 490/1 | €108,520 | €178,485 | +€69,965 | +64.5% |
| Total equity and liabilities | 10/49 | €1,035,995 | €1,175,671 | +€139,676 | +13.5% |
| Equity | 10/15 | €1,015,992 | €1,138,051 | +€122,059 | +12.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €985,992 | €1,108,051 | +€122,059 | +12.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €985,992 | €1,108,051 | +€122,059 | +12.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,003 | €37,620 | +€17,617 | +88.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €17,931 | €36,560 | +€18,629 | +103.9% |
| Current portion of amounts payable after more than one year | 42 | €8,620 | €0 | -€8,620 | -100.0% |
| Financial debts | 43 | €458 | €0 | -€458 | -100.0% |
| Credit institutions | 430/8 | €458 | €0 | -€458 | -100.0% |
| Trade debts | 44 | €2,311 | €14,077 | +€11,765 | +509.1% |
| Suppliers | 440/4 | €2,311 | €14,077 | +€11,765 | +509.1% |
| Taxes, remuneration and social security | 45 | €6,543 | €22,484 | +€15,941 | +243.7% |
| Taxes | 450/3 | €6,543 | €22,484 | +€15,941 | +243.7% |
| Accrued charges and deferred income | 492/3 | €2,072 | €1,060 | -€1,012 | -48.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,946 | €21,335 | -€610 | -2.8% |
| Other operating charges | 640/8 | €2,259 | €2,508 | +€250 | +11.1% |
| Gross operating margin | 9900 | €311,566 | €361,714 | +€50,147 | +16.1% |
| Operating profit (loss) | 9901 | €287,362 | €337,870 | +€50,508 | +17.6% |
| Financial income | 75/76B | €13,680 | €8,748 | -€4,932 | -36.1% |
| Recurring financial income | 75 | €13,680 | €8,748 | -€4,932 | -36.1% |
| Financial charges | 65/66B | €3,818 | €5,999 | +€2,181 | +57.1% |
| Recurring financial charges | 65 | €3,818 | €5,999 | +€2,181 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | €297,224 | €340,619 | +€43,395 | +14.6% |
| Income taxes | 67/77 | €93,167 | €106,709 | +€13,542 | +14.5% |
| Profit (loss) for the period | 9904 | €204,057 | €233,910 | +€29,853 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €204,057 | €233,910 | +€29,853 | +14.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.