Kapedani Consulting: 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.
Kapedani Consulting
Largest movements
- Cash +€35,787
up €35,787 (+181%), from €19,734 to €55,521
mainly Net result for the year (+€57,741) and Depreciation (+€1,674)
- Financial fixed assets +€5,210
up €5,210 (+5.4%), from €95,866 to €101,077
- Tangible fixed assets +€2,402
up €2,402 (+182%), from €1,320 to €3,722
- Reserves +€57,741
up €57,741 (+67.7%), from €85,285 to €143,027
- Tax, wage and social debts -€15,533
down €15,533 (-40.7%), from €38,183 to €22,650
of which Taxes: -€11,283
- Financial charges -€3,402
down €3,402 (-66.7%), from €5,100 to €1,698
- Financial income +€3,274
up €3,274 (+158%), from €2,075 to €5,349
- Gross operating margin +€2,300
up €2,300 (+3.3%), from €68,776 to €71,076
- Taxes +€1,553
up €1,553 (+11.7%), from €13,301 to €14,854
- Depreciation +€1,418
up €1,418 (+555%), from €256 to €1,674
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 | €130,723 | €174,386 | +€43,663 | +33.4% |
| Fixed assets | 21/28 | €97,186 | €104,799 | +€7,613 | +7.8% |
| Tangible fixed assets | 22/27 | €1,320 | €3,722 | +€2,402 | +182% |
| Furniture and vehicles | 24 | €1,320 | €3,722 | +€2,402 | +182% |
| Financial fixed assets | 28 | €95,866 | €101,077 | +€5,210 | +5.4% |
| Current assets | 29/58 | €33,537 | €69,587 | +€36,050 | +107% |
| Amounts receivable within one year | 40/41 | €13,597 | €14,066 | +€469 | +3.4% |
| Trade receivables | 40 | €13,597 | €14,066 | +€469 | +3.4% |
| Cash at bank and in hand | 54/58 | €19,734 | €55,521 | +€35,787 | +181% |
| Deferred charges and accrued income | 490/1 | €206 | - | -€206 | |
| Total equity and liabilities | 10/49 | €130,723 | €174,386 | +€43,663 | +33.4% |
| Equity | 10/15 | €90,285 | €148,027 | +€57,741 | +64.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €85,285 | €143,027 | +€57,741 | +67.7% |
| Distributable reserves | 133 | €85,285 | €143,027 | +€57,741 | +67.7% |
| Amounts payable | 17/49 | €40,438 | €26,359 | -€14,079 | -34.8% |
| Amounts payable within one year | 42/48 | €40,438 | €26,359 | -€14,079 | -34.8% |
| Trade debts | 44 | €2,255 | €3,709 | +€1,454 | +64.5% |
| Suppliers | 440/4 | €2,255 | €3,709 | +€1,454 | +64.5% |
| Taxes, remuneration and social security | 45 | €38,183 | €22,650 | -€15,533 | -40.7% |
| Taxes | 450/3 | €30,433 | €19,150 | -€11,283 | -37.1% |
| Remuneration and social security | 454/9 | €7,750 | €3,500 | -€4,250 | -54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256 | €1,674 | +€1,418 | +555% |
| Other operating charges | 640/8 | €398 | €458 | +€59 | +14.9% |
| Gross operating margin | 9900 | €68,776 | €71,076 | +€2,300 | +3.3% |
| Operating profit (loss) | 9901 | €68,122 | €68,945 | +€823 | +1.2% |
| Financial income | 75/76B | €2,075 | €5,349 | +€3,274 | +158% |
| Recurring financial income | 75 | €2,075 | €5,349 | +€3,274 | +158% |
| Financial charges | 65/66B | €5,100 | €1,698 | -€3,402 | -66.7% |
| Recurring financial charges | 65 | €5,100 | €1,698 | -€3,402 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | €65,097 | €72,596 | +€7,498 | +11.5% |
| Income taxes | 67/77 | €13,301 | €14,854 | +€1,553 | +11.7% |
| Profit (loss) for the period | 9904 | €51,796 | €57,741 | +€5,945 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,796 | €57,741 | +€5,945 | +11.5% |
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 28 October 2026 via checked.be.