Les Capucines: 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.
Les Capucines
Largest movements
- Cash +€38,565
up €38,565 (+59.5%), from €64,766 to €103,331
- Intangible fixed assets -€23,252
down €23,252 (-24.5%), from €94,889 to €71,637
- Tangible fixed assets +€6,021
up €6,021 (+72.4%), from €8,319 to €14,340
of which Other tangible fixed assets: +€9,281
- Deferred charges and accrued income -€2,985
no longer reported in 2025 (was €2,985)
- Profit (loss) carried forward +€21,174
up €21,174, from -€15,086 to €6,088
- Tax, wage and social debts -€3,369
down €3,369 (-22.3%), from €15,082 to €11,713
of which Taxes: -€2,813
- Gross operating margin -€32,599
down €32,599 (-27.2%), from €119,673 to €87,074
- Staff costs -€28,809
down €28,809 (-35.4%), from €81,471 to €52,662
- Taxes -€20,998
down €20,998 (-85.1%), from €24,661 to €3,663
- Other operating charges +€3,435
up €3,435 (+83.5%), from €4,114 to €7,549
- Financial charges +€2,124
up €2,124 (+71.2%), from €2,982 to €5,106
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €175,697 | €192,176 | +€16,479 | +9.4% |
| Fixed assets | 21/28 | €103,892 | €86,661 | -€17,231 | -16.6% |
| Intangible fixed assets | 21 | €94,889 | €71,637 | -€23,252 | -24.5% |
| Tangible fixed assets | 22/27 | €8,319 | €14,340 | +€6,021 | +72.4% |
| Plant, machinery and equipment | 23 | €8,319 | €3,954 | -€4,365 | -52.5% |
| Furniture and vehicles | 24 | - | €1,105 | +€1,105 | |
| Other tangible fixed assets | 26 | - | €9,281 | +€9,281 | |
| Financial fixed assets | 28 | €684 | €684 | -€0 | 0.0% |
| Current assets | 29/58 | €71,805 | €105,516 | +€33,711 | +46.9% |
| Stocks and contracts in progress | 3 | €2,725 | €2,089 | -€636 | -23.3% |
| Stocks | 30/36 | €2,725 | €2,089 | -€636 | -23.3% |
| Amounts receivable within one year | 40/41 | €1,329 | €96 | -€1,233 | -92.8% |
| Other amounts receivable | 41 | €1,329 | €96 | -€1,233 | -92.8% |
| Cash at bank and in hand | 54/58 | €64,766 | €103,331 | +€38,565 | +59.5% |
| Deferred charges and accrued income | 490/1 | €2,985 | - | -€2,985 | |
| Total equity and liabilities | 10/49 | €175,697 | €192,176 | +€16,479 | +9.4% |
| Equity | 10/15 | €142,118 | €163,292 | +€21,174 | +14.9% |
| Contributions | 10/11 | €90,481 | €90,481 | +€0 | 0.0% |
| Reserves | 13 | €66,723 | €66,724 | +€1 | 0.0% |
| Non-distributable reserves | 130/1 | €54,223 | €54,224 | +€1 | 0.0% |
| Reserves not available under the articles | 1311 | €37,590 | €37,590 | +€0 | 0.0% |
| Own shares acquired | 1312 | €16,633 | - | -€16,633 | |
| Other | 1319 | - | €16,633 | +€16,633 | |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,086 | €6,088 | +€21,174 | |
| Amounts payable | 17/49 | €33,579 | €28,884 | -€4,695 | -14.0% |
| Amounts payable within one year | 42/48 | €33,579 | €28,884 | -€4,695 | -14.0% |
| Trade debts | 44 | €18,345 | €17,163 | -€1,182 | -6.4% |
| Suppliers | 440/4 | €18,345 | €17,163 | -€1,182 | -6.4% |
| Taxes, remuneration and social security | 45 | €15,082 | €11,713 | -€3,369 | -22.3% |
| Taxes | 450/3 | €13,450 | €10,637 | -€2,813 | -20.9% |
| Remuneration and social security | 454/9 | €1,632 | €1,076 | -€556 | -34.1% |
| Other amounts payable | 47/48 | €152 | €8 | -€144 | -94.7% |
| Remuneration, social security and pensions | 62 | €81,471 | €52,662 | -€28,809 | -35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,252 | €16,211 | +€1,959 | +13.7% |
| Other operating charges | 640/8 | €4,114 | €7,549 | +€3,435 | +83.5% |
| Non-recurring operating charges | 66A | €1,271 | - | -€1,271 | |
| Gross operating margin | 9900 | €119,673 | €87,074 | -€32,599 | -27.2% |
| Operating profit (loss) | 9901 | €18,565 | €10,651 | -€7,914 | -42.6% |
| Financial charges | 65/66B | €2,982 | €5,106 | +€2,124 | +71.2% |
| Recurring financial charges | 65 | €2,982 | €5,106 | +€2,124 | +71.2% |
| Profit (loss) for the period before taxes | 9903 | €15,583 | €5,545 | -€10,038 | -64.4% |
| Income taxes | 67/77 | €24,661 | €3,663 | -€20,998 | -85.1% |
| Profit (loss) for the period | 9904 | -€9,078 | €1,882 | +€10,960 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,078 | €1,882 | +€10,960 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.