Garage Cappoen: what changed
Garage Cappoen
Largest movements
- Tangible fixed assets +€148,872
up €148,872 (+73.2%), from €203,476 to €352,349
of which Land and buildings: +€124,793
- Stocks and contracts +€70,980
up €70,980 (+144%), from €49,266 to €120,246
- Cash -€45,040
down €45,040 (-41.2%), from €109,279 to €64,239
mainly Investment in fixed assets (net) (-€177,801) and Stocks and contracts (-€70,980)
- Receivables within one year +€8,227
up €8,227 (+41.2%), from €19,988 to €28,215
of which Trade receivables: +€8,245
- Short-term financial debts +€95,072
new in 2025: €95,072
- Reserves +€52,556
up €52,556 (+251%), from €20,956 to €73,512
- Other debts -€23,000
down €23,000 (-27.9%), from €82,312 to €59,312
- Tax, wage and social debts +€20,921
up €20,921 (+224%), from €9,355 to €30,275
- Debts after one year +€18,400
up €18,400 (+7.9%), from €232,526 to €250,925
- Gross operating margin +€63,100
up €63,100 (+122%), from €51,924 to €115,024
- Taxes +€10,160
up €10,160 (+229%), from €4,430 to €14,590
- Depreciation +€9,772
up €9,772 (+51.0%), from €19,156 to €28,928
- Financial charges +€9,641
up €9,641 (+181%), from €5,334 to €14,974
- Other operating charges +€1,977
up €1,977 (+95.9%), from €2,061 to €4,038
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €387,907 | €571,670 | +€183,762 | +47.4% |
| Fixed assets | 21/28 | €203,477 | €352,350 | +€148,872 | +73.2% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -10.5% |
| Tangible fixed assets | 22/27 | €203,476 | €352,349 | +€148,872 | +73.2% |
| Land and buildings | 22 | €159,137 | €283,930 | +€124,793 | +78.4% |
| Plant, machinery and equipment | 23 | €25,283 | €30,183 | +€4,899 | +19.4% |
| Furniture and vehicles | 24 | €15,060 | €38,236 | +€23,177 | +154% |
| Leasing and similar rights | 25 | €3,996 | €0 | -€3,996 | -100% |
| Current assets | 29/58 | €184,430 | €219,320 | +€34,890 | +18.9% |
| Stocks and contracts in progress | 3 | €49,266 | €120,246 | +€70,980 | +144% |
| Stocks | 30/36 | €49,266 | €120,246 | +€70,980 | +144% |
| Amounts receivable within one year | 40/41 | €19,988 | €28,215 | +€8,227 | +41.2% |
| Trade receivables | 40 | €19,970 | €28,215 | +€8,245 | +41.3% |
| Other amounts receivable | 41 | €18 | €0 | -€18 | -100% |
| Cash at bank and in hand | 54/58 | €109,279 | €64,239 | -€45,040 | -41.2% |
| Deferred charges and accrued income | 490/1 | €5,897 | €6,620 | +€723 | +12.3% |
| Total equity and liabilities | 10/49 | €387,907 | €571,670 | +€183,762 | +47.4% |
| Equity | 10/15 | €25,756 | €78,312 | +€52,556 | +204% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Reserves | 13 | €20,956 | €73,512 | +€52,556 | +251% |
| Distributable reserves | 133 | €20,956 | €73,512 | +€52,556 | +251% |
| Amounts payable | 17/49 | €362,152 | €493,358 | +€131,207 | +36.2% |
| Amounts payable after more than one year | 17 | €232,526 | €250,925 | +€18,400 | +7.9% |
| Financial debts | 170/4 | €232,526 | €250,925 | +€18,400 | +7.9% |
| Amounts payable within one year | 42/48 | €129,626 | €241,096 | +€111,470 | +86.0% |
| Current portion of amounts payable after more than one year | 42 | €17,373 | €27,250 | +€9,877 | +56.9% |
| Financial debts | 43 | - | €95,072 | +€95,072 | |
| Credit institutions | 430/8 | - | €95,072 | +€95,072 | |
| Trade debts | 44 | €20,587 | €29,187 | +€8,600 | +41.8% |
| Suppliers | 440/4 | €20,587 | €29,187 | +€8,600 | +41.8% |
| Taxes, remuneration and social security | 45 | €9,355 | €30,275 | +€20,921 | +224% |
| Taxes | 450/3 | €9,355 | €30,275 | +€20,921 | +224% |
| Other amounts payable | 47/48 | €82,312 | €59,312 | -€23,000 | -27.9% |
| Accrued charges and deferred income | 492/3 | - | €1,336 | +€1,336 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,156 | €28,928 | +€9,772 | +51.0% |
| Other operating charges | 640/8 | €2,061 | €4,038 | +€1,977 | +95.9% |
| Gross operating margin | 9900 | €51,924 | €115,024 | +€63,100 | +122% |
| Operating profit (loss) | 9901 | €30,707 | €82,058 | +€51,351 | +167% |
| Financial income | 75/76B | €13 | €62 | +€50 | +396% |
| Recurring financial income | 75 | €13 | €62 | +€50 | +396% |
| Financial charges | 65/66B | €5,334 | €14,974 | +€9,641 | +181% |
| Recurring financial charges | 65 | €5,334 | €14,974 | +€9,641 | +181% |
| Profit (loss) for the period before taxes | 9903 | €25,386 | €67,146 | +€41,760 | +165% |
| Income taxes | 67/77 | €4,430 | €14,590 | +€10,160 | +229% |
| Profit (loss) for the period | 9904 | €20,956 | €52,556 | +€31,600 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €20,956 | €52,556 | +€31,600 | +151% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.