O'CAPPA: 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.
O'CAPPA
Largest movements
- Cash +€219,981
up €219,981 (+112.4%), from €195,743 to €415,725
mainly Current investments (+€180,000) and Net result for the year (+€63,192)
- Current investments -€180,000
no longer reported in 2025 (was €180,000)
- Receivables within one year +€18,294
up €18,294 (+337.0%), from €5,429 to €23,723
of which Trade receivables: +€17,473
- Tangible fixed assets -€12,858
down €12,858 (-45.3%), from €28,411 to €15,554
of which Furniture and vehicles: -€14,064
- Deferred charges and accrued income -€5,688
down €5,688 (-93.9%), from €6,056 to €368
- Reserves +€63,192
up €63,192 (+26.9%), from €234,723 to €297,915
- Tax, wage and social debts -€20,438
down €20,438 (-69.9%), from €29,239 to €8,801
of which Taxes: -€18,672
- Current portion of long-term debt -€13,525
no longer reported in 2025 (was €13,525)
- Trade debts +€11,513
up €11,513 (+8225.6%), from €140 to €11,653
- Gross operating margin -€63,898
down €63,898 (-30.6%), from €208,773 to €144,875
- Taxes -€18,457
down €18,457 (-37.5%), from €49,206 to €30,749
- Staff costs -€3,640
down €3,640 (-8.5%), from €42,633 to €38,992
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 | €415,640 | €455,369 | +€39,730 | +9.6% |
| Fixed assets | 21/28 | €28,411 | €15,554 | -€12,858 | -45.3% |
| Tangible fixed assets | 22/27 | €28,411 | €15,554 | -€12,858 | -45.3% |
| Plant, machinery and equipment | 23 | €2,161 | €3,368 | +€1,207 | +55.8% |
| Furniture and vehicles | 24 | €26,250 | €12,186 | -€14,064 | -53.6% |
| Current assets | 29/58 | €387,228 | €439,816 | +€52,587 | +13.6% |
| Amounts receivable within one year | 40/41 | €5,429 | €23,723 | +€18,294 | +337.0% |
| Trade receivables | 40 | €5,429 | €22,902 | +€17,473 | +321.9% |
| Other amounts receivable | 41 | - | €821 | +€821 | |
| Current investments | 50/53 | €180,000 | - | -€180,000 | |
| Cash at bank and in hand | 54/58 | €195,743 | €415,725 | +€219,981 | +112.4% |
| Deferred charges and accrued income | 490/1 | €6,056 | €368 | -€5,688 | -93.9% |
| Total equity and liabilities | 10/49 | €415,640 | €455,369 | +€39,730 | +9.6% |
| Equity | 10/15 | €371,723 | €434,915 | +€63,192 | +17.0% |
| Contributions | 10/11 | €137,000 | €137,000 | = | 0.0% |
| Reserves | 13 | €234,723 | €297,915 | +€63,192 | +26.9% |
| Distributable reserves | 133 | €234,723 | €297,915 | +€63,192 | +26.9% |
| Amounts payable | 17/49 | €43,916 | €20,454 | -€23,462 | -53.4% |
| Amounts payable within one year | 42/48 | €42,904 | €20,454 | -€22,450 | -52.3% |
| Current portion of amounts payable after more than one year | 42 | €13,525 | - | -€13,525 | |
| Trade debts | 44 | €140 | €11,653 | +€11,513 | +8225.6% |
| Suppliers | 440/4 | €140 | €11,653 | +€11,513 | +8225.6% |
| Taxes, remuneration and social security | 45 | €29,239 | €8,801 | -€20,438 | -69.9% |
| Taxes | 450/3 | €20,276 | €1,604 | -€18,672 | -92.1% |
| Remuneration and social security | 454/9 | €8,963 | €7,197 | -€1,767 | -19.7% |
| Accrued charges and deferred income | 492/3 | €1,012 | - | -€1,012 | |
| Remuneration, social security and pensions | 62 | €42,633 | €38,992 | -€3,640 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,997 | €15,445 | +€448 | +3.0% |
| Other operating charges | 640/8 | €1,829 | €1,355 | -€474 | -25.9% |
| Gross operating margin | 9900 | €208,773 | €144,875 | -€63,898 | -30.6% |
| Operating profit (loss) | 9901 | €149,314 | €89,083 | -€60,231 | -40.3% |
| Financial income | 75/76B | €4,047 | €5,233 | +€1,187 | +29.3% |
| Recurring financial income | 75 | €4,047 | €5,233 | +€1,187 | +29.3% |
| Financial charges | 65/66B | €1,607 | €376 | -€1,231 | -76.6% |
| Recurring financial charges | 65 | €1,607 | €376 | -€1,231 | -76.6% |
| Profit (loss) for the period before taxes | 9903 | €151,754 | €93,941 | -€57,813 | -38.1% |
| Income taxes | 67/77 | €49,206 | €30,749 | -€18,457 | -37.5% |
| Profit (loss) for the period | 9904 | €102,548 | €63,192 | -€39,356 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €102,548 | €63,192 | -€39,356 | -38.4% |
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 5 October 2026 via checked.be.