CAPASSUR: 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.
CAPASSUR
Largest movements
- Tangible fixed assets +€163,404
up €163,404 (+405%), from €40,358 to €203,762
of which Plant, machinery and equipment: +€173,228
- Cash -€78,589
down €78,589 (-17.1%), from €458,451 to €379,862
mainly Contributions, distributions and other (-€330,000) and Investment in fixed assets (net) (-€191,691)
- Debts after one year +€64,230
up €64,230 (+1,197%), from €5,368 to €69,597
- Trade debts +€26,331
up €26,331 (+140%), from €18,861 to €45,192
- Tax, wage and social debts -€20,588
down €20,588 (-34.6%), from €59,531 to €38,943
of which Taxes: -€19,428
- Other debts +€20,000
up €20,000 (+6.5%), from €310,000 to €330,000
- Gross operating margin +€30,575
up €30,575 (+4.8%), from €636,119 to €666,694
- Staff costs +€6,988
up €6,988 (+3.6%), from €193,528 to €200,516
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 | €560,657 | €646,401 | +€85,744 | +15.3% |
| Fixed assets | 21/28 | €48,265 | €209,424 | +€161,159 | +334% |
| Intangible fixed assets | 21 | €6,107 | €5,402 | -€705 | -11.5% |
| Tangible fixed assets | 22/27 | €40,358 | €203,762 | +€163,404 | +405% |
| Plant, machinery and equipment | 23 | €4,342 | €177,570 | +€173,228 | +3,989% |
| Furniture and vehicles | 24 | €36,015 | €26,192 | -€9,824 | -27.3% |
| Financial fixed assets | 28 | €1,800 | €260 | -€1,540 | -85.6% |
| Current assets | 29/58 | €512,392 | €436,978 | -€75,415 | -14.7% |
| Amounts receivable within one year | 40/41 | €48,762 | €52,398 | +€3,636 | +7.5% |
| Trade receivables | 40 | €48,762 | €52,299 | +€3,536 | +7.3% |
| Other amounts receivable | 41 | - | €100 | +€100 | |
| Cash at bank and in hand | 54/58 | €458,451 | €379,862 | -€78,589 | -17.1% |
| Deferred charges and accrued income | 490/1 | €5,179 | €4,717 | -€462 | -8.9% |
| Total equity and liabilities | 10/49 | €560,657 | €646,401 | +€85,744 | +15.3% |
| Equity | 10/15 | €145,467 | €146,899 | +€1,432 | +1.0% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €137,407 | €138,839 | +€1,432 | +1.0% |
| Distributable reserves | 133 | €137,407 | €138,839 | +€1,432 | +1.0% |
| Amounts payable | 17/49 | €415,191 | €499,503 | +€84,312 | +20.3% |
| Amounts payable after more than one year | 17 | €5,368 | €69,597 | +€64,230 | +1,197% |
| Financial debts | 170/4 | €5,368 | €69,597 | +€64,230 | +1,197% |
| Amounts payable within one year | 42/48 | €409,823 | €429,905 | +€20,083 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €21,430 | €15,770 | -€5,660 | -26.4% |
| Trade debts | 44 | €18,861 | €45,192 | +€26,331 | +140% |
| Suppliers | 440/4 | €18,861 | €45,192 | +€26,331 | +140% |
| Taxes, remuneration and social security | 45 | €59,531 | €38,943 | -€20,588 | -34.6% |
| Taxes | 450/3 | €19,428 | - | -€19,428 | |
| Remuneration and social security | 454/9 | €40,103 | €38,943 | -€1,161 | -2.9% |
| Other amounts payable | 47/48 | €310,000 | €330,000 | +€20,000 | +6.5% |
| Remuneration, social security and pensions | 62 | €193,528 | €200,516 | +€6,988 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,363 | €30,532 | -€3,831 | -11.1% |
| Other operating charges | 640/8 | €348 | €5,889 | +€5,541 | +1,593% |
| Gross operating margin | 9900 | €636,119 | €666,694 | +€30,575 | +4.8% |
| Operating profit (loss) | 9901 | €407,880 | €429,757 | +€21,877 | +5.4% |
| Financial income | 75/76B | €1,538 | €2,600 | +€1,062 | +69.1% |
| Recurring financial income | 75 | €1,538 | €2,600 | +€1,062 | +69.1% |
| Financial charges | 65/66B | €365 | €479 | +€115 | +31.4% |
| Recurring financial charges | 65 | €365 | €479 | +€115 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €409,053 | €431,878 | +€22,824 | +5.6% |
| Income taxes | 67/77 | €99,885 | €100,446 | +€561 | +0.6% |
| Profit (loss) for the period | 9904 | €309,169 | €331,432 | +€22,263 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €309,169 | €331,432 | +€22,263 | +7.2% |
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 27 October 2026 via checked.be.