KAPA: 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.
KAPA
Largest movements
- Tangible fixed assets -€13,034
down €13,034 (-8.0%), from €162,117 to €149,083
of which Land and buildings: -€13,034
- Receivables within one year -€2,200
down €2,200 (-80.5%), from €2,734 to €534
- Profit (loss) carried forward -€15,030
down €15,030 (-19.3%), from -€77,739 to -€92,769
- Gross operating margin -€982
down €982 (-445.8%), from -€220 to -€1,203
- Other operating charges +€240
up €240 (+53.3%), from €449 to €689
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 | €165,261 | €150,231 | -€15,030 | -9.1% |
| Fixed assets | 21/28 | €162,117 | €149,083 | -€13,034 | -8.0% |
| Tangible fixed assets | 22/27 | €162,117 | €149,083 | -€13,034 | -8.0% |
| Land and buildings | 22 | €123,823 | €110,789 | -€13,034 | -10.5% |
| Other tangible fixed assets | 26 | €38,294 | €38,294 | = | 0.0% |
| Current assets | 29/58 | €3,145 | €1,149 | -€1,996 | -63.5% |
| Amounts receivable within one year | 40/41 | €2,734 | €534 | -€2,200 | -80.5% |
| Other amounts receivable | 41 | €2,734 | €534 | -€2,200 | -80.5% |
| Cash at bank and in hand | 54/58 | €411 | €615 | +€204 | +49.7% |
| Total equity and liabilities | 10/49 | €165,261 | €150,231 | -€15,030 | -9.1% |
| Equity | 10/15 | €82,261 | €67,231 | -€15,030 | -18.3% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,739 | -€92,769 | -€15,030 | -19.3% |
| Amounts payable | 17/49 | €83,000 | €83,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €83,000 | €83,000 | = | 0.0% |
| Other amounts payable | 47/48 | €83,000 | €83,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,034 | €13,034 | = | 0.0% |
| Other operating charges | 640/8 | €449 | €689 | +€240 | +53.3% |
| Gross operating margin | 9900 | -€220 | -€1,203 | -€982 | -445.8% |
| Operating profit (loss) | 9901 | -€13,704 | -€14,926 | -€1,222 | -8.9% |
| Financial charges | 65/66B | €104 | €104 | = | 0.0% |
| Recurring financial charges | 65 | €104 | €104 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,808 | -€15,030 | -€1,222 | -8.8% |
| Profit (loss) for the period | 9904 | -€13,808 | -€15,030 | -€1,222 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,808 | -€15,030 | -€1,222 | -8.8% |
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 2 October 2026 via checked.be.