KAP-SERVICES: 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.
What changed
KAP-SERVICES
NACE 96.910, Personal service activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€28,012
2024 · -€46,650+€74,662
Equity
€90,203
2024 · €62,190+€28,012
Cash
€54,756
2024 · €58,478-€3,723
Balance sheet total
€770,449
2024 · €748,220+€22,229
Largest movements
Assets
- Receivables within one year +€29,783
up €29,783 (+35.5%), from €83,807 to €113,591
of which Other amounts receivable: +€25,655
Equity and liabilities
- Short-term financial debts -€92,010
down €92,010 (-100.0%), from €92,010 to €0
- Debts after one year +€70,203
up €70,203 (+19.0%), from €368,898 to €439,101
- Current portion of long-term debt +€28,827
up €28,827 (+59.0%), from €48,827 to €77,654
- Profit (loss) carried forward +€28,012
up €28,012 (+61.0%), from -€45,923 to -€17,910
- Accrued charges and deferred income +€16,021
up €16,021 (+948.3%), from €1,689 to €17,710
Income statement
- Staff costs -€96,451
down €96,451 (-5.8%), from €1.7m to €1.6m
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.
Result 2024
-€46,650
Gross operating margin
-€16,511
Staff costs
+€96,451
Depreciation
-€1,279
Other operating charges
-€475
Other operating items
+€198
Financial income
-€17
Financial charges
-€2,826
Taxes
-€879
Result 2025
€28,012
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.
From operations
+€21,854
Investment
-€32,596
Financing
+€7,020
Cash 2024
€58,478
From operations (derived)
+€21,854
Net result for the year
+€28,012
Depreciation
+€41,988
Receivables within one year
-€29,783
Deferred charges and accrued income
-€5,560
Trade debts
-€9,394
Tax, wage and social debts
-€9,616
Other debts
-€9,814
Accrued charges and deferred income
+€16,021
Investment (derived)
-€32,596
Investment in fixed assets (net)
-€37,839
Current investments
+€5,242
Financing
+€7,020
Debts after one year
+€70,203
Current portion of long-term debt
+€28,827
Short-term financial debts
-€92,010
Cash 2025
€54,756
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €748,220 | €770,449 | +€22,229 | +3.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €562,602 | €558,453 | -€4,149 | -0.7% |
| Intangible fixed assets | 21 | €1,721 | €4,311 | +€2,590 | +150.5% |
| Tangible fixed assets | 22/27 | €558,732 | €551,993 | -€6,739 | -1.2% |
| Land and buildings | 22 | €536,970 | €530,747 | -€6,224 | -1.2% |
| Plant, machinery and equipment | 23 | €7,347 | €5,187 | -€2,161 | -29.4% |
| Furniture and vehicles | 24 | €14,415 | €16,060 | +€1,645 | +11.4% |
| Financial fixed assets | 28 | €2,149 | €2,149 | = | 0.0% |
| Current assets | 29/58 | €185,619 | €211,997 | +€26,378 | +14.2% |
| Amounts receivable within one year | 40/41 | €83,807 | €113,591 | +€29,783 | +35.5% |
| Trade receivables | 40 | €0 | €4,128 | +€4,128 | |
| Other amounts receivable | 41 | €83,807 | €109,463 | +€25,655 | +30.6% |
| Current investments | 50/53 | €30,375 | €25,133 | -€5,242 | -17.3% |
| Cash at bank and in hand | 54/58 | €58,478 | €54,756 | -€3,723 | -6.4% |
| Deferred charges and accrued income | 490/1 | €12,958 | €18,517 | +€5,560 | +42.9% |
| Total equity and liabilities | 10/49 | €748,220 | €770,449 | +€22,229 | +3.0% |
| Equity | 10/15 | €62,190 | €90,203 | +€28,012 | +45.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €101,913 | €101,913 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,669 | €100,669 | = | 0.0% |
| Reserves not available under the articles | 1311 | €98,809 | €98,809 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,245 | €1,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,923 | -€17,910 | +€28,012 | +61.0% |
| Amounts payable | 17/49 | €686,030 | €680,246 | -€5,783 | -0.8% |
| Amounts payable after more than one year | 17 | €368,898 | €439,101 | +€70,203 | +19.0% |
| Financial debts | 170/4 | €368,898 | €439,101 | +€70,203 | +19.0% |
| Amounts payable within one year | 42/48 | €315,442 | €223,435 | -€92,007 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €48,827 | €77,654 | +€28,827 | +59.0% |
| Financial debts | 43 | €92,010 | €0 | -€92,010 | -100.0% |
| Credit institutions | 430/8 | €92,010 | €0 | -€92,010 | -100.0% |
| Trade debts | 44 | €37,443 | €28,049 | -€9,394 | -25.1% |
| Suppliers | 440/4 | €37,443 | €28,049 | -€9,394 | -25.1% |
| Taxes, remuneration and social security | 45 | €113,958 | €104,342 | -€9,616 | -8.4% |
| Taxes | 450/3 | €1,155 | €1,996 | +€841 | +72.8% |
| Remuneration and social security | 454/9 | €112,802 | €102,345 | -€10,457 | -9.3% |
| Other amounts payable | 47/48 | €23,205 | €13,390 | -€9,814 | -42.3% |
| Accrued charges and deferred income | 492/3 | €1,689 | €17,710 | +€16,021 | +948.3% |
| Turnover | 70 | €1,827,479 | €1,809,760 | -€17,719 | -1.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €216,345 | €198,298 | -€18,048 | -8.3% |
| Remuneration, social security and pensions | 62 | €1,661,485 | €1,565,034 | -€96,451 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,708 | €41,988 | +€1,279 | +3.1% |
| Other operating charges | 640/8 | €6,531 | €7,006 | +€475 | +7.3% |
| Non-recurring operating charges | 66A | €2,185 | €1,987 | -€198 | -9.1% |
| Gross operating margin | 9900 | €1,677,446 | €1,660,935 | -€16,511 | -1.0% |
| Operating profit (loss) | 9901 | -€33,464 | €44,920 | +€78,383 | |
| Financial income | 75/76B | €218 | €202 | -€17 | -7.6% |
| Recurring financial income | 75 | €218 | €202 | -€17 | -7.6% |
| Financial charges | 65/66B | €12,804 | €15,630 | +€2,826 | +22.1% |
| Recurring financial charges | 65 | €12,804 | €15,630 | +€2,826 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | -€46,050 | €29,492 | +€75,541 | |
| Income taxes | 67/77 | €600 | €1,479 | +€879 | +146.5% |
| Profit (loss) for the period | 9904 | -€46,650 | €28,012 | +€74,662 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,650 | €28,012 | +€74,662 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.