KAPA: 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.
KAPA
Largest movements
- Tangible fixed assets -€33,523
down €33,523 (-97.1%), from €34,514 to €991
of which Plant, machinery and equipment: -€33,072
- Financial fixed assets -€8,550
down €8,550 (-100.0%), from €8,550 to €0
- Cash -€6,113
down €6,113 (-71.1%), from €8,603 to €2,490
mainly Trade debts (-€27,697) and Other debts (-€21,371)
- Deferred charges and accrued income -€4,174
down €4,174 (-99.2%), from €4,207 to €33
- Receivables within one year +€2,806
up €2,806 (+722.3%), from €389 to €3,195
of which Trade receivables: +€2,898
- Trade debts -€27,697
down €27,697 (-76.6%), from €36,139 to €8,442
- Other debts -€21,371
down €21,371 (-88.5%), from €24,150 to €2,780
- Debts after one year -€6,481
down €6,481 (-79.8%), from €8,118 to €1,637
- Tax, wage and social debts -€6,069
down €6,069 (-52.8%), from €11,484 to €5,415
of which Remuneration and social security: -€5,108
- Short-term financial debts +€5,857
up €5,857, from €0 to €5,857
- Staff costs -€14,049
down €14,049 (-69.3%), from €20,275 to €6,226
- Gross operating margin -€8,150
down €8,150 (-20.8%), from €39,164 to €31,015
- Other operating charges +€6,884
up €6,884 (+962.2%), from €715 to €7,599
- Depreciation -€3,004
down €3,004 (-48.2%), from €6,238 to €3,234
- Financial charges -€1,346
down €1,346 (-46.1%), from €2,921 to €1,575
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 | €58,108 | €6,708 | -€51,400 | -88.5% |
| Fixed assets | 21/28 | €43,064 | €991 | -€42,073 | -97.7% |
| Tangible fixed assets | 22/27 | €34,514 | €991 | -€33,523 | -97.1% |
| Plant, machinery and equipment | 23 | €34,063 | €991 | -€33,072 | -97.1% |
| Furniture and vehicles | 24 | €451 | €0 | -€451 | -100.0% |
| Financial fixed assets | 28 | €8,550 | €0 | -€8,550 | -100.0% |
| Current assets | 29/58 | €15,044 | €5,717 | -€9,327 | -62.0% |
| Stocks and contracts in progress | 3 | €1,845 | €0 | -€1,845 | -100.0% |
| Stocks | 30/36 | €1,845 | €0 | -€1,845 | -100.0% |
| Amounts receivable within one year | 40/41 | €389 | €3,195 | +€2,806 | +722.3% |
| Trade receivables | 40 | - | €2,898 | +€2,898 | |
| Other amounts receivable | 41 | €389 | €297 | -€92 | -23.6% |
| Cash at bank and in hand | 54/58 | €8,603 | €2,490 | -€6,113 | -71.1% |
| Deferred charges and accrued income | 490/1 | €4,207 | €33 | -€4,174 | -99.2% |
| Total equity and liabilities | 10/49 | €58,108 | €6,708 | -€51,400 | -88.5% |
| Equity | 10/15 | -€28,159 | -€23,903 | +€4,257 | +15.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €18,055 | €18,055 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €16,055 | €16,055 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,214 | -€61,958 | +€4,257 | +6.4% |
| Amounts payable | 17/49 | €86,268 | €30,611 | -€55,656 | -64.5% |
| Amounts payable after more than one year | 17 | €8,118 | €1,637 | -€6,481 | -79.8% |
| Financial debts | 170/4 | €8,118 | €1,637 | -€6,481 | -79.8% |
| Amounts payable within one year | 42/48 | €78,150 | €28,974 | -€49,175 | -62.9% |
| Current portion of amounts payable after more than one year | 42 | €6,376 | €6,481 | +€105 | +1.6% |
| Financial debts | 43 | €0 | €5,857 | +€5,857 | |
| Credit institutions | 430/8 | €0 | €5,857 | +€5,857 | |
| Trade debts | 44 | €36,139 | €8,442 | -€27,697 | -76.6% |
| Suppliers | 440/4 | €36,139 | €8,442 | -€27,697 | -76.6% |
| Taxes, remuneration and social security | 45 | €11,484 | €5,415 | -€6,069 | -52.8% |
| Taxes | 450/3 | €5,721 | €4,760 | -€961 | -16.8% |
| Remuneration and social security | 454/9 | €5,764 | €656 | -€5,108 | -88.6% |
| Other amounts payable | 47/48 | €24,150 | €2,780 | -€21,371 | -88.5% |
| Remuneration, social security and pensions | 62 | €20,275 | €6,226 | -€14,049 | -69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,238 | €3,234 | -€3,004 | -48.2% |
| Other operating charges | 640/8 | €715 | €7,599 | +€6,884 | +962.2% |
| Non-recurring operating charges | 66A | €0 | €8,196 | +€8,196 | |
| Gross operating margin | 9900 | €39,164 | €31,015 | -€8,150 | -20.8% |
| Operating profit (loss) | 9901 | €11,936 | €5,759 | -€6,177 | -51.8% |
| Financial income | 75/76B | €0 | €72 | +€72 | |
| Recurring financial income | 75 | €0 | €72 | +€72 | |
| Financial charges | 65/66B | €2,921 | €1,575 | -€1,346 | -46.1% |
| Recurring financial charges | 65 | €2,921 | €1,575 | -€1,346 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | €9,015 | €4,257 | -€4,759 | -52.8% |
| Profit (loss) for the period | 9904 | €9,015 | €4,257 | -€4,759 | -52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,015 | €4,257 | -€4,759 | -52.8% |
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 11 October 2026 via checked.be.