ERIK KAPPER: 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.
ERIK KAPPER
Largest movements
- Cash +€1,831
up €1,831 (+293.9%), from €623 to €2,454
mainly Other debts (+€2,202) and Trade debts (+€1,466)
- Receivables within one year +€1,220
up €1,220 (+50.7%), from €2,406 to €3,626
- Tangible fixed assets -€1,054
down €1,054 (-50.0%), from €2,108 to €1,054
- Other debts +€2,202
new in 2025: €2,202
- Tax, wage and social debts -€2,059
no longer reported in 2025 (was €2,059)
- Trade debts +€1,466
up €1,466 (+695.6%), from €211 to €1,677
- Profit (loss) carried forward +€397
up €397 (+10.0%), from €3,970 to €4,367
- Gross operating margin +€1,078
up €1,078 (+53.7%), from €2,007 to €3,085
- Depreciation +€1,054
new in 2025: €1,054
- Taxes -€790
down €790 (-69.7%), from €1,134 to €343
- Other operating charges +€454
up €454 (+62.0%), from €732 to €1,186
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 | €6,339 | €8,346 | +€2,007 | +31.7% |
| Fixed assets | 21/28 | €2,108 | €1,054 | -€1,054 | -50.0% |
| Tangible fixed assets | 22/27 | €2,108 | €1,054 | -€1,054 | -50.0% |
| Furniture and vehicles | 24 | €2,108 | €1,054 | -€1,054 | -50.0% |
| Current assets | 29/58 | €4,231 | €7,292 | +€3,061 | +72.3% |
| Stocks and contracts in progress | 3 | €1,202 | €1,213 | +€10 | +0.9% |
| Stocks | 30/36 | €1,202 | €1,213 | +€10 | +0.9% |
| Amounts receivable within one year | 40/41 | €2,406 | €3,626 | +€1,220 | +50.7% |
| Other amounts receivable | 41 | €2,406 | €3,626 | +€1,220 | +50.7% |
| Cash at bank and in hand | 54/58 | €623 | €2,454 | +€1,831 | +293.9% |
| Total equity and liabilities | 10/49 | €6,339 | €8,346 | +€2,007 | +31.7% |
| Equity | 10/15 | €4,070 | €4,467 | +€397 | +9.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Capital | 10 | €100 | - | -€100 | |
| Issued capital | 100 | €100 | - | -€100 | |
| Contributions outside capital | 11 | - | €100 | +€100 | |
| Other | 1109/19 | - | €100 | +€100 | |
| Profit (loss) carried forward | 14 | €3,970 | €4,367 | +€397 | +10.0% |
| Amounts payable | 17/49 | €2,269 | €3,879 | +€1,610 | +70.9% |
| Amounts payable within one year | 42/48 | €2,269 | €3,879 | +€1,610 | +70.9% |
| Trade debts | 44 | €211 | €1,677 | +€1,466 | +695.6% |
| Suppliers | 440/4 | €211 | €1,677 | +€1,466 | +695.6% |
| Taxes, remuneration and social security | 45 | €2,059 | - | -€2,059 | |
| Taxes | 450/3 | €2,059 | - | -€2,059 | |
| Other amounts payable | 47/48 | - | €2,202 | +€2,202 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,054 | +€1,054 | |
| Other operating charges | 640/8 | €732 | €1,186 | +€454 | +62.0% |
| Gross operating margin | 9900 | €2,007 | €3,085 | +€1,078 | +53.7% |
| Operating profit (loss) | 9901 | €1,275 | €845 | -€430 | -33.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €122 | €104 | -€18 | -14.5% |
| Recurring financial charges | 65 | €122 | €104 | -€18 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €1,153 | €741 | -€412 | -35.8% |
| Income taxes | 67/77 | €1,134 | €343 | -€790 | -69.7% |
| Profit (loss) for the period | 9904 | €19 | €397 | +€378 | +1944.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19 | €397 | +€378 | +1944.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.