KAP-PERFORMANCE: 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.
KAP-PERFORMANCE
Largest movements
- Cash +€26,612
up €26,612 (+173.3%), from €15,352 to €41,964
mainly Receivables within one year (+€16,569) and Debts after one year (+€15,539)
- Tangible fixed assets +€22,289
up €22,289 (+182.0%), from €12,247 to €34,536
- Receivables within one year -€16,569
down €16,569 (-58.7%), from €28,235 to €11,666
of which Trade receivables: -€20,055
- Debts after one year +€15,539
new in 2025: €15,539
- Profit (loss) carried forward +€11,225
up €11,225 (+27.5%), from €40,795 to €52,020
- Current portion of long-term debt +€8,890
new in 2025: €8,890
- Tax, wage and social debts -€2,837
down €2,837 (-23.6%), from €12,000 to €9,163
- Gross operating margin -€28,258
down €28,258 (-46.8%), from €60,324 to €32,066
- Other operating charges +€10,714
up €10,714 (+545.7%), from €1,963 to €12,677
- Taxes -€8,953
down €8,953 (-74.6%), from €12,000 to €3,047
- Depreciation -€827
down €827 (-14.4%), from €5,760 to €4,933
- Financial charges +€717
up €717 (+3149.7%), from €23 to €739
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 | €56,117 | €88,166 | +€32,050 | +57.1% |
| Fixed assets | 21/28 | €12,247 | €34,536 | +€22,289 | +182.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €12,247 | €34,536 | +€22,289 | +182.0% |
| Furniture and vehicles | 24 | €12,247 | €34,536 | +€22,289 | +182.0% |
| Current assets | 29/58 | €43,869 | €53,630 | +€9,760 | +22.2% |
| Amounts receivable within one year | 40/41 | €28,235 | €11,666 | -€16,569 | -58.7% |
| Trade receivables | 40 | €20,055 | - | -€20,055 | |
| Other amounts receivable | 41 | €8,179 | €11,666 | +€3,486 | +42.6% |
| Cash at bank and in hand | 54/58 | €15,352 | €41,964 | +€26,612 | +173.3% |
| Deferred charges and accrued income | 490/1 | €283 | - | -€283 | |
| Total equity and liabilities | 10/49 | €56,117 | €88,166 | +€32,050 | +57.1% |
| Equity | 10/15 | €43,295 | €54,520 | +€11,225 | +25.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,795 | €52,020 | +€11,225 | +27.5% |
| Amounts payable | 17/49 | €12,822 | €33,647 | +€20,825 | +162.4% |
| Amounts payable after more than one year | 17 | - | €15,539 | +€15,539 | |
| Financial debts | 170/4 | - | €15,539 | +€15,539 | |
| Amounts payable within one year | 42/48 | €12,822 | €18,108 | +€5,286 | +41.2% |
| Current portion of amounts payable after more than one year | 42 | - | €8,890 | +€8,890 | |
| Trade debts | 44 | €822 | €55 | -€767 | -93.3% |
| Suppliers | 440/4 | €822 | €55 | -€767 | -93.3% |
| Taxes, remuneration and social security | 45 | €12,000 | €9,163 | -€2,837 | -23.6% |
| Taxes | 450/3 | €12,000 | €9,163 | -€2,837 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,760 | €4,933 | -€827 | -14.4% |
| Other operating charges | 640/8 | €1,963 | €12,677 | +€10,714 | +545.7% |
| Gross operating margin | 9900 | €60,324 | €32,066 | -€28,258 | -46.8% |
| Operating profit (loss) | 9901 | €52,601 | €14,456 | -€38,145 | -72.5% |
| Financial income | 75/76B | €216 | €555 | +€338 | +156.5% |
| Recurring financial income | 75 | €216 | €555 | +€338 | +156.5% |
| Financial charges | 65/66B | €23 | €739 | +€717 | +3149.7% |
| Recurring financial charges | 65 | €23 | €739 | +€717 | +3149.7% |
| Profit (loss) for the period before taxes | 9903 | €52,795 | €14,272 | -€38,523 | -73.0% |
| Income taxes | 67/77 | €12,000 | €3,047 | -€8,953 | -74.6% |
| Profit (loss) for the period | 9904 | €40,795 | €11,225 | -€29,570 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,795 | €11,225 | -€29,570 | -72.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.