KAPCON: 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.
KAPCON
Largest movements
- Tangible fixed assets +€15,601
up €15,601 (+52.8%), from €29,546 to €45,147
of which Furniture and vehicles: +€12,379
- Receivables within one year -€12,756
down €12,756 (-36.9%), from €34,574 to €21,818
of which Other amounts receivable: -€10,320
- Cash -€9,370
down €9,370 (-76.7%), from €12,225 to €2,854
mainly Other debts (-€37,489) and Investment in fixed assets (net) (-€27,534)
- Financial fixed assets +€2,485
up €2,485 (+248.5%), from €1,000 to €3,485
- Deferred charges and accrued income -€1,187
down €1,187 (-26.8%), from €4,422 to €3,235
- Other debts -€37,489
down €37,489 (-88.9%), from €42,163 to €4,673
- Debts after one year +€23,550
new in 2025: €23,550
- Contributions +€12,350
up €12,350 (+199.2%), from €6,200 to €18,550
- Trade debts -€6,215
down €6,215 (-31.8%), from €19,536 to €13,321
- Profit (loss) carried forward +€2,248
up €2,248 (+14.1%), from -€15,922 to -€13,674
- Gross operating margin +€35,151
up €35,151 (+59.8%), from €58,798 to €93,949
- Staff costs -€5,845
down €5,845 (-7.4%), from €78,885 to €73,041
- Depreciation -€2,358
down €2,358 (-20.0%), from €11,806 to €9,448
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 | €81,767 | €76,539 | -€5,227 | -6.4% |
| Fixed assets | 21/28 | €30,546 | €48,632 | +€18,086 | +59.2% |
| Tangible fixed assets | 22/27 | €29,546 | €45,147 | +€15,601 | +52.8% |
| Plant, machinery and equipment | 23 | €3,156 | €4,882 | +€1,727 | +54.7% |
| Furniture and vehicles | 24 | €26,391 | €38,769 | +€12,379 | +46.9% |
| Other tangible fixed assets | 26 | - | €1,496 | +€1,496 | |
| Financial fixed assets | 28 | €1,000 | €3,485 | +€2,485 | +248.5% |
| Current assets | 29/58 | €51,221 | €27,907 | -€23,313 | -45.5% |
| Amounts receivable within one year | 40/41 | €34,574 | €21,818 | -€12,756 | -36.9% |
| Trade receivables | 40 | €24,069 | €21,633 | -€2,436 | -10.1% |
| Other amounts receivable | 41 | €10,505 | €185 | -€10,320 | -98.2% |
| Cash at bank and in hand | 54/58 | €12,225 | €2,854 | -€9,370 | -76.7% |
| Deferred charges and accrued income | 490/1 | €4,422 | €3,235 | -€1,187 | -26.8% |
| Total equity and liabilities | 10/49 | €81,767 | €76,539 | -€5,227 | -6.4% |
| Equity | 10/15 | -€9,672 | €4,926 | +€14,598 | |
| Contributions | 10/11 | €6,200 | €18,550 | +€12,350 | +199.2% |
| Reserves | 13 | €50 | €50 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€15,922 | -€13,674 | +€2,248 | +14.1% |
| Amounts payable | 17/49 | €91,439 | €71,614 | -€19,825 | -21.7% |
| Amounts payable after more than one year | 17 | - | €23,550 | +€23,550 | |
| Other amounts payable | 178/9 | - | €23,550 | +€23,550 | |
| Amounts payable within one year | 42/48 | €91,439 | €46,960 | -€44,479 | -48.6% |
| Trade debts | 44 | €19,536 | €13,321 | -€6,215 | -31.8% |
| Suppliers | 440/4 | €19,536 | €13,321 | -€6,215 | -31.8% |
| Advances received on contracts in progress | 46 | - | €422 | +€422 | |
| Taxes, remuneration and social security | 45 | €29,740 | €28,544 | -€1,197 | -4.0% |
| Taxes | 450/3 | €20,410 | €12,642 | -€7,768 | -38.1% |
| Remuneration and social security | 454/9 | €9,330 | €15,902 | +€6,571 | +70.4% |
| Other amounts payable | 47/48 | €42,163 | €4,673 | -€37,489 | -88.9% |
| Accrued charges and deferred income | 492/3 | €0 | €1,103 | +€1,103 | |
| Non-recurring operating income | 76A | - | €5,161 | +€5,161 | |
| Remuneration, social security and pensions | 62 | €78,885 | €73,041 | -€5,845 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,806 | €9,448 | -€2,358 | -20.0% |
| Other operating charges | 640/8 | €2,890 | €2,415 | -€475 | -16.4% |
| Non-recurring operating charges | 66A | - | €6,193 | +€6,193 | |
| Gross operating margin | 9900 | €58,798 | €93,949 | +€35,151 | +59.8% |
| Operating profit (loss) | 9901 | -€34,783 | €2,853 | +€37,636 | |
| Financial income | 75/76B | €814 | €69 | -€745 | -91.5% |
| Recurring financial income | 75 | €814 | €69 | -€745 | -91.5% |
| Financial charges | 65/66B | €133 | €212 | +€79 | +59.0% |
| Recurring financial charges | 65 | €133 | €212 | +€79 | +59.0% |
| Profit (loss) for the period before taxes | 9903 | -€34,102 | €2,710 | +€36,812 | |
| Income taxes | 67/77 | €425 | €462 | +€37 | +8.8% |
| Profit (loss) for the period | 9904 | -€34,527 | €2,248 | +€36,775 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,527 | €2,248 | +€36,775 |
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 29 September 2026 via checked.be.