CAP FORME: what changed
CAP FORME
Largest movements
- Tangible fixed assets -€44,975
down €44,975 (-9.2%), from €486,973 to €441,998
of which Land and buildings: -€27,909
- Receivables within one year -€9,880
down €9,880 (-83.6%), from €11,823 to €1,943
of which Trade receivables: -€9,880
- Other debts -€45,049
down €45,049 (-16.2%), from €278,015 to €232,965
- Current portion of long-term debt -€35,051
down €35,051 (-78.4%), from €44,703 to €9,653
- Profit (loss) carried forward +€25,724
up €25,724 (+143%), from €17,996 to €43,720
- Tax, wage and social debts +€10,715
up €10,715 (+41.6%), from €25,731 to €36,445
of which Taxes: +€8,928
- Debts after one year -€9,653
down €9,653 (-7.8%), from €123,924 to €114,271
- Gross operating margin +€11,210
up €11,210 (+7.8%), from €144,597 to €155,806
- Taxes +€8,005
up €8,005 (+4,760%), from €168 to €8,173
- Depreciation -€7,817
down €7,817 (-18.8%), from €41,479 to €33,662
- Staff costs -€7,692
down €7,692 (-8.7%), from €88,387 to €80,695
- Financial charges -€1,868
down €1,868 (-32.9%), from €5,681 to €3,813
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 | €517,371 | €459,733 | -€57,639 | -11.1% |
| Fixed assets | 21/28 | €486,973 | €441,998 | -€44,975 | -9.2% |
| Tangible fixed assets | 22/27 | €486,973 | €441,998 | -€44,975 | -9.2% |
| Land and buildings | 22 | €453,198 | €425,289 | -€27,909 | -6.2% |
| Plant, machinery and equipment | 23 | €22,462 | €16,709 | -€5,753 | -25.6% |
| Furniture and vehicles | 24 | €11,313 | €0 | -€11,313 | -100% |
| Current assets | 29/58 | €30,398 | €17,735 | -€12,664 | -41.7% |
| Amounts receivable within one year | 40/41 | €11,823 | €1,943 | -€9,880 | -83.6% |
| Trade receivables | 40 | €11,160 | €1,280 | -€9,880 | -88.5% |
| Other amounts receivable | 41 | €664 | €664 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,575 | €15,792 | -€2,783 | -15.0% |
| Total equity and liabilities | 10/49 | €517,371 | €459,733 | -€57,639 | -11.1% |
| Equity | 10/15 | €36,596 | €62,320 | +€25,724 | +70.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,996 | €43,720 | +€25,724 | +143% |
| Amounts payable | 17/49 | €480,775 | €397,413 | -€83,362 | -17.3% |
| Amounts payable after more than one year | 17 | €123,924 | €114,271 | -€9,653 | -7.8% |
| Financial debts | 170/4 | €123,924 | €114,271 | -€9,653 | -7.8% |
| Amounts payable within one year | 42/48 | €356,425 | €283,142 | -€73,284 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €44,703 | €9,653 | -€35,051 | -78.4% |
| Trade debts | 44 | €7,977 | €4,079 | -€3,898 | -48.9% |
| Suppliers | 440/4 | €7,977 | €4,079 | -€3,898 | -48.9% |
| Taxes, remuneration and social security | 45 | €25,731 | €36,445 | +€10,715 | +41.6% |
| Taxes | 450/3 | €5,064 | €13,992 | +€8,928 | +176% |
| Remuneration and social security | 454/9 | €20,667 | €22,454 | +€1,787 | +8.6% |
| Other amounts payable | 47/48 | €278,015 | €232,965 | -€45,049 | -16.2% |
| Accrued charges and deferred income | 492/3 | €426 | - | -€426 | |
| Remuneration, social security and pensions | 62 | €88,387 | €80,695 | -€7,692 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,479 | €33,662 | -€7,817 | -18.8% |
| Other operating charges | 640/8 | €4,968 | €3,740 | -€1,228 | -24.7% |
| Gross operating margin | 9900 | €144,597 | €155,806 | +€11,210 | +7.8% |
| Operating profit (loss) | 9901 | €9,763 | €37,710 | +€27,947 | +286% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,681 | €3,813 | -€1,868 | -32.9% |
| Recurring financial charges | 65 | €5,681 | €3,813 | -€1,868 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €4,082 | €33,897 | +€29,815 | +730% |
| Income taxes | 67/77 | €168 | €8,173 | +€8,005 | +4,760% |
| Profit (loss) for the period | 9904 | €3,914 | €25,724 | +€21,810 | +557% |
| Profit (loss) for the period to be appropriated | 9905 | €3,914 | €25,724 | +€21,810 | +557% |
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 8 November 2026 via checked.be.