De Kaphoeve: 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.
De Kaphoeve
Largest movements
- Cash +€13,603
up €13,603 (+179%), from €7,592 to €21,195
mainly Net result for the year (+€5,879) and Depreciation (+€4,175)
- Tangible fixed assets -€4,175
down €4,175 (-17.8%), from €23,485 to €19,310
- Stocks and contracts -€2,344
down €2,344 (-7.9%), from €29,709 to €27,365
- Profit (loss) carried forward +€6,794
up €6,794 (+3.1%), from -€217,936 to -€211,142
- Tax, wage and social debts +€2,222
up €2,222 (+61.3%), from €3,625 to €5,847
- Trade debts -€1,217
down €1,217 (-19.8%), from €6,131 to €4,914
- Reserves -€915
down €915 (-1.2%), from €78,440 to €77,525
of which Tax-exempt reserves: -€915
- Other debts +€786
up €786 (+0.5%), from €168,678 to €169,464
- Gross operating margin +€6,303
up €6,303 (+77.5%), from €8,137 to €14,440
- Depreciation -€1,855
down €1,855 (-30.8%), from €6,031 to €4,175
- Financial charges +€665
up €665 (+93.1%), from €714 to €1,379
- Financial income -€334
down €334 (-99.8%), from €335 to €1
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 | €61,766 | €68,964 | +€7,199 | +11.7% |
| Fixed assets | 21/28 | €23,485 | €19,310 | -€4,175 | -17.8% |
| Tangible fixed assets | 22/27 | €23,485 | €19,310 | -€4,175 | -17.8% |
| Land and buildings | 22 | €23,485 | €19,310 | -€4,175 | -17.8% |
| Current assets | 29/58 | €38,280 | €49,654 | +€11,374 | +29.7% |
| Stocks and contracts in progress | 3 | €29,709 | €27,365 | -€2,344 | -7.9% |
| Stocks | 30/36 | €29,709 | €27,365 | -€2,344 | -7.9% |
| Amounts receivable within one year | 40/41 | €954 | €1,094 | +€140 | +14.6% |
| Trade receivables | 40 | €797 | €966 | +€170 | +21.3% |
| Other amounts receivable | 41 | €158 | €128 | -€30 | -18.9% |
| Cash at bank and in hand | 54/58 | €7,592 | €21,195 | +€13,603 | +179% |
| Deferred charges and accrued income | 490/1 | €25 | €0 | -€25 | -100% |
| Total equity and liabilities | 10/49 | €61,766 | €68,964 | +€7,199 | +11.7% |
| Equity | 10/15 | -€119,496 | -€113,618 | +€5,879 | +4.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €78,440 | €77,525 | -€915 | -1.2% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,493 | €4,577 | -€915 | -16.7% |
| Distributable reserves | 133 | €66,447 | €66,447 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€217,936 | -€211,142 | +€6,794 | +3.1% |
| Provisions and deferred taxes | 16 | €2,828 | €2,357 | -€471 | -16.7% |
| Deferred taxes | 168 | €2,828 | €2,357 | -€471 | -16.7% |
| Amounts payable | 17/49 | €178,434 | €180,225 | +€1,791 | +1.0% |
| Amounts payable within one year | 42/48 | €178,434 | €180,225 | +€1,791 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,131 | €4,914 | -€1,217 | -19.8% |
| Suppliers | 440/4 | €6,131 | €4,914 | -€1,217 | -19.8% |
| Taxes, remuneration and social security | 45 | €3,625 | €5,847 | +€2,222 | +61.3% |
| Taxes | 450/3 | €3,625 | €5,847 | +€2,222 | +61.3% |
| Other amounts payable | 47/48 | €168,678 | €169,464 | +€786 | +0.5% |
| Non-recurring operating income | 76A | - | €744 | +€744 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,031 | €4,175 | -€1,855 | -30.8% |
| Other operating charges | 640/8 | €2,973 | €3,063 | +€91 | +3.0% |
| Gross operating margin | 9900 | €8,137 | €14,440 | +€6,303 | +77.5% |
| Operating profit (loss) | 9901 | -€866 | €7,201 | +€8,068 | |
| Financial income | 75/76B | €335 | €1 | -€334 | -99.8% |
| Recurring financial income | 75 | €335 | €1 | -€334 | -99.8% |
| Financial charges | 65/66B | €714 | €1,379 | +€665 | +93.1% |
| Recurring financial charges | 65 | €714 | €1,379 | +€665 | +93.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,246 | €5,823 | +€7,069 | |
| Transfer from deferred taxes | 780 | €471 | €471 | = | 0.0% |
| Income taxes | 67/77 | €395 | €416 | +€21 | +5.2% |
| Profit (loss) for the period | 9904 | -€1,170 | €5,879 | +€7,048 | |
| Transfer from tax-exempt reserves | 789 | €915 | €915 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€254 | €6,794 | +€7,048 |
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 30 October 2026 via checked.be.