KABEPHAR: what changed
Two fiscal 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.
KABEPHAR
Largest movements
- Cash -€5,757
down €5,757 (-3.2%), from €181,028 to €175,271
mainly Net result for the year (-€3,801) and Other debts (-€1,498)
- Profit (loss) carried forward -€3,801
down €3,801 (-10.4%), from €36,475 to €32,674
- Gross operating margin -€34,171
down €34,171, from €32,679 to -€1,492
- Taxes -€9,543
no longer reported in 2025 (was €9,543)
- Financial charges +€7,070
up €7,070, from -€7,017 to €52
- Depreciation -€1,289
down €1,289 (-58.2%), from €2,213 to €924
- Financial income -€419
no longer reported in 2025 (was €419)
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 | €206,063 | €199,761 | -€6,302 | -3.1% |
| Fixed assets | 21/28 | €24,924 | €24,000 | -€924 | -3.7% |
| Tangible fixed assets | 22/27 | €24,924 | €24,000 | -€924 | -3.7% |
| Land and buildings | 22 | €24,000 | €24,000 | = | 0.0% |
| Furniture and vehicles | 24 | €924 | - | -€924 | |
| Current assets | 29/58 | €181,139 | €175,761 | -€5,378 | -3.0% |
| Amounts receivable within one year | 40/41 | €110 | €490 | +€379 | +343.2% |
| Other amounts receivable | 41 | €110 | €490 | +€379 | +343.2% |
| Cash at bank and in hand | 54/58 | €181,028 | €175,271 | -€5,757 | -3.2% |
| Total equity and liabilities | 10/49 | €206,063 | €199,761 | -€6,302 | -3.1% |
| Equity | 10/15 | €201,022 | €197,221 | -€3,801 | -1.9% |
| Contributions | 10/11 | €163,610 | €163,610 | = | 0.0% |
| Capital | 10 | €163,610 | €163,610 | = | 0.0% |
| Issued capital | 100 | €163,610 | €163,610 | = | 0.0% |
| Reserves | 13 | €938 | €938 | = | 0.0% |
| Non-distributable reserves | 130/1 | €938 | €938 | = | 0.0% |
| Legal reserve | 130 | €938 | €938 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,475 | €32,674 | -€3,801 | -10.4% |
| Amounts payable | 17/49 | €5,041 | €2,539 | -€2,502 | -49.6% |
| Amounts payable within one year | 42/48 | €5,041 | €2,539 | -€2,502 | -49.6% |
| Taxes, remuneration and social security | 45 | €3,543 | €2,539 | -€1,004 | -28.3% |
| Taxes | 450/3 | €3,543 | €2,539 | -€1,004 | -28.3% |
| Other amounts payable | 47/48 | €1,498 | - | -€1,498 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,213 | €924 | -€1,289 | -58.2% |
| Other operating charges | 640/8 | €1,292 | €1,332 | +€40 | +3.1% |
| Gross operating margin | 9900 | €32,679 | -€1,492 | -€34,171 | |
| Operating profit (loss) | 9901 | €29,174 | -€3,749 | -€32,923 | |
| Financial income | 75/76B | €419 | - | -€419 | |
| Recurring financial income | 75 | €419 | - | -€419 | |
| Financial charges | 65/66B | -€7,017 | €52 | +€7,070 | |
| Recurring financial charges | 65 | -€7,017 | €52 | +€7,070 | |
| Profit (loss) for the period before taxes | 9903 | €36,610 | -€3,801 | -€40,411 | |
| Income taxes | 67/77 | €9,543 | - | -€9,543 | |
| Profit (loss) for the period | 9904 | €27,067 | -€3,801 | -€30,868 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,067 | -€3,801 | -€30,868 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.