KAPASA: 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.
KAPASA
Largest movements
- Cash -€110,059
down €110,059 (-91.9%), from €119,795 to €9,736
mainly Debts after one year (-€48,416) and Investment in fixed assets (net) (-€41,853)
- Receivables within one year +€9,110
up €9,110, from €0 to €9,110
of which Other amounts receivable: +€9,110
- Debts after one year -€48,416
down €48,416 (-14.9%), from €324,071 to €275,655
- Tax, wage and social debts -€26,032
down €26,032 (-100%), from €26,032 to €0
- Profit (loss) carried forward -€18,454
down €18,454 (-13.0%), from €142,262 to €123,808
- Gross operating margin -€113,858
down €113,858 (-75.6%), from €150,556 to €36,699
- Taxes -€28,647
down €28,647 (-99.8%), from €28,703 to €56
- Depreciation +€10,094
up €10,094 (+29.4%), from €34,378 to €44,472
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.
Derived cash bridge
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 | €860,776 | €757,807 | -€102,969 | -12.0% |
| Fixed assets | 21/28 | €738,767 | €736,148 | -€2,619 | -0.4% |
| Tangible fixed assets | 22/27 | €738,767 | €736,148 | -€2,619 | -0.4% |
| Land and buildings | 22 | €695,816 | €665,951 | -€29,865 | -4.3% |
| Furniture and vehicles | 24 | €42,951 | €70,197 | +€27,246 | +63.4% |
| Current assets | 29/58 | €122,009 | €21,659 | -€100,350 | -82.2% |
| Amounts receivable within one year | 40/41 | €0 | €9,110 | +€9,110 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €9,110 | +€9,110 | |
| Cash at bank and in hand | 54/58 | €119,795 | €9,736 | -€110,059 | -91.9% |
| Deferred charges and accrued income | 490/1 | €2,214 | €2,813 | +€599 | +27.0% |
| Total equity and liabilities | 10/49 | €860,776 | €757,807 | -€102,969 | -12.0% |
| Equity | 10/15 | €449,042 | €430,588 | -€18,454 | -4.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €276,780 | €276,780 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €273,780 | €273,780 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,262 | €123,808 | -€18,454 | -13.0% |
| Amounts payable | 17/49 | €411,735 | €327,219 | -€84,515 | -20.5% |
| Amounts payable after more than one year | 17 | €324,071 | €275,655 | -€48,416 | -14.9% |
| Financial debts | 170/4 | €324,071 | €275,655 | -€48,416 | -14.9% |
| Amounts payable within one year | 42/48 | €81,763 | €48,710 | -€33,054 | -40.4% |
| Current portion of amounts payable after more than one year | 42 | €47,435 | €48,416 | +€982 | +2.1% |
| Trade debts | 44 | €1,875 | €293 | -€1,582 | -84.4% |
| Suppliers | 440/4 | €1,875 | €293 | -€1,582 | -84.4% |
| Taxes, remuneration and social security | 45 | €26,032 | €0 | -€26,032 | -100% |
| Taxes | 450/3 | €26,032 | €0 | -€26,032 | -100% |
| Other amounts payable | 47/48 | €6,421 | €0 | -€6,421 | -100% |
| Accrued charges and deferred income | 492/3 | €5,901 | €2,855 | -€3,045 | -51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,378 | €44,472 | +€10,094 | +29.4% |
| Other operating charges | 640/8 | €3,601 | €3,262 | -€339 | -9.4% |
| Gross operating margin | 9900 | €150,556 | €36,699 | -€113,858 | -75.6% |
| Operating profit (loss) | 9901 | €112,577 | -€11,036 | -€123,613 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | €8,330 | €7,362 | -€968 | -11.6% |
| Recurring financial charges | 65 | €8,330 | €7,362 | -€968 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €104,249 | -€18,398 | -€122,647 | |
| Income taxes | 67/77 | €28,703 | €56 | -€28,647 | -99.8% |
| Profit (loss) for the period | 9904 | €75,546 | -€18,454 | -€94,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,546 | -€18,454 | -€94,000 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.