WERNER CAPPELLE: what changed
Two financial 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.
WERNER CAPPELLE
Largest movements
- Cash +€31,082
up €31,082 (+94.5%), from €32,884 to €63,966
mainly Net result for the year (+€27,354) and Receivables within one year (+€21,544)
- Receivables within one year -€21,544
down €21,544 (-72.5%), from €29,732 to €8,189
of which Trade receivables: -€16,619
- Tangible fixed assets -€9,617
down €9,617 (-24.5%), from €39,192 to €29,576
of which Furniture and vehicles: -€9,345
- Reserves +€23,731
up €23,731 (+64.9%), from €36,538 to €60,269
- Trade debts -€16,084
down €16,084 (-63.7%), from €25,242 to €9,157
- Debts after one year -€7,626
down €7,626 (-21.9%), from €34,793 to €27,167
- Other debts +€4,078
up €4,078 (+1,494%), from €273 to €4,351
- Tax, wage and social debts -€3,584
down €3,584 (-38.0%), from €9,433 to €5,849
of which Remuneration and social security: -€1,918
- Gross operating margin +€11,035
up €11,035 (+28.5%), from €38,745 to €49,780
- Taxes +€3,475
up €3,475 (+62.2%), from €5,589 to €9,064
- Depreciation +€1,293
up €1,293 (+15.5%), from €8,323 to €9,617
- Other operating charges +€927
up €927 (+97.4%), from €952 to €1,879
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.
Derived cash bridge
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 | €117,337 | €117,491 | +€154 | +0.1% |
| Fixed assets | 21/28 | €39,192 | €29,576 | -€9,617 | -24.5% |
| Tangible fixed assets | 22/27 | €39,192 | €29,576 | -€9,617 | -24.5% |
| Plant, machinery and equipment | 23 | €310 | €39 | -€271 | -87.5% |
| Furniture and vehicles | 24 | €38,882 | €29,537 | -€9,345 | -24.0% |
| Current assets | 29/58 | €78,145 | €87,916 | +€9,771 | +12.5% |
| Stocks and contracts in progress | 3 | €15,529 | €15,762 | +€233 | +1.5% |
| Stocks | 30/36 | €15,529 | €15,762 | +€233 | +1.5% |
| Amounts receivable within one year | 40/41 | €29,732 | €8,189 | -€21,544 | -72.5% |
| Trade receivables | 40 | €21,286 | €4,667 | -€16,619 | -78.1% |
| Other amounts receivable | 41 | €8,446 | €3,522 | -€4,924 | -58.3% |
| Cash at bank and in hand | 54/58 | €32,884 | €63,966 | +€31,082 | +94.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €117,337 | €117,491 | +€154 | +0.1% |
| Equity | 10/15 | €38,938 | €62,669 | +€23,731 | +60.9% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €36,538 | €60,269 | +€23,731 | +64.9% |
| Distributable reserves | 133 | €36,538 | €60,269 | +€23,731 | +64.9% |
| Amounts payable | 17/49 | €78,399 | €54,823 | -€23,576 | -30.1% |
| Amounts payable after more than one year | 17 | €34,793 | €27,167 | -€7,626 | -21.9% |
| Financial debts | 170/4 | €34,793 | €27,167 | -€7,626 | -21.9% |
| Amounts payable within one year | 42/48 | €42,259 | €26,983 | -€15,276 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €7,312 | €7,626 | +€314 | +4.3% |
| Trade debts | 44 | €25,242 | €9,157 | -€16,084 | -63.7% |
| Suppliers | 440/4 | €25,242 | €9,157 | -€16,084 | -63.7% |
| Taxes, remuneration and social security | 45 | €9,433 | €5,849 | -€3,584 | -38.0% |
| Taxes | 450/3 | €7,515 | €5,849 | -€1,666 | -22.2% |
| Remuneration and social security | 454/9 | €1,918 | €0 | -€1,918 | -100% |
| Other amounts payable | 47/48 | €273 | €4,351 | +€4,078 | +1,494% |
| Accrued charges and deferred income | 492/3 | €1,347 | €673 | -€674 | -50.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,323 | €9,617 | +€1,293 | +15.5% |
| Other operating charges | 640/8 | €952 | €1,879 | +€927 | +97.4% |
| Gross operating margin | 9900 | €38,745 | €49,780 | +€11,035 | +28.5% |
| Operating profit (loss) | 9901 | €29,470 | €38,284 | +€8,815 | +29.9% |
| Financial income | 75/76B | €31 | €108 | +€77 | +244% |
| Recurring financial income | 75 | €31 | €108 | +€77 | +244% |
| Financial charges | 65/66B | €2,196 | €1,974 | -€222 | -10.1% |
| Recurring financial charges | 65 | €2,196 | €1,974 | -€222 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €27,305 | €36,418 | +€9,113 | +33.4% |
| Income taxes | 67/77 | €5,589 | €9,064 | +€3,475 | +62.2% |
| Profit (loss) for the period | 9904 | €21,716 | €27,354 | +€5,638 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,716 | €27,354 | +€5,638 | +26.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.