KAPELLEHOF: 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.
KAPELLEHOF
Largest movements
- Tangible fixed assets -€76,664
down €76,664 (-4.6%), from €1.7m to €1.6m
of which Land and buildings: -€71,822
- Debts after one year -€54,983
down €54,983 (-6.8%), from €807,615 to €752,632
of which Financial debts: -€86,667
- Trade debts -€37,486
down €37,486 (-96.2%), from €38,968 to €1,481
- Reserves +€32,373
up €32,373 (+4.2%), from €775,687 to €808,059
- Gross operating margin +€12,761
up €12,761 (+9.1%), from €140,091 to €152,852
- Taxes +€3,317
up €3,317 (+33.1%), from €10,011 to €13,328
- Financial charges +€2,124
up €2,124 (+13.8%), from €15,394 to €17,518
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 | €1,757,333 | €1,698,125 | -€59,207 | -3.4% |
| Fixed assets | 21/28 | €1,675,865 | €1,599,200 | -€76,664 | -4.6% |
| Tangible fixed assets | 22/27 | €1,675,865 | €1,599,200 | -€76,664 | -4.6% |
| Land and buildings | 22 | €1,662,253 | €1,590,431 | -€71,822 | -4.3% |
| Plant, machinery and equipment | 23 | - | €2,116 | +€2,116 | |
| Furniture and vehicles | 24 | €13,611 | €6,653 | -€6,958 | -51.1% |
| Current assets | 29/58 | €81,468 | €98,925 | +€17,457 | +21.4% |
| Amounts receivable within one year | 40/41 | €69,234 | €86,038 | +€16,805 | +24.3% |
| Trade receivables | 40 | €57,209 | €86,038 | +€28,829 | +50.4% |
| Other amounts receivable | 41 | €12,024 | €0 | -€12,024 | -100% |
| Current investments | 50/53 | €201 | €0 | -€201 | -100% |
| Cash at bank and in hand | 54/58 | €12,033 | €12,887 | +€853 | +7.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,757,333 | €1,698,125 | -€59,207 | -3.4% |
| Equity | 10/15 | €788,087 | €820,459 | +€32,373 | +4.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €775,687 | €808,059 | +€32,373 | +4.2% |
| Distributable reserves | 133 | €775,687 | €808,059 | +€32,373 | +4.2% |
| Amounts payable | 17/49 | €969,246 | €877,666 | -€91,580 | -9.4% |
| Amounts payable after more than one year | 17 | €807,615 | €752,632 | -€54,983 | -6.8% |
| Financial debts | 170/4 | €754,722 | €668,056 | -€86,667 | -11.5% |
| Other amounts payable | 178/9 | €52,893 | €84,576 | +€31,683 | +59.9% |
| Amounts payable within one year | 42/48 | €160,006 | €123,393 | -€36,612 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €86,667 | €86,667 | = | 0.0% |
| Trade debts | 44 | €38,968 | €1,481 | -€37,486 | -96.2% |
| Suppliers | 440/4 | €38,968 | €1,481 | -€37,486 | -96.2% |
| Taxes, remuneration and social security | 45 | €34,371 | €35,245 | +€874 | +2.5% |
| Taxes | 450/3 | €34,371 | €35,245 | +€874 | +2.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,625 | €1,641 | +€16 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,912 | €82,788 | -€124 | -0.1% |
| Other operating charges | 640/8 | €6,647 | €6,847 | +€200 | +3.0% |
| Gross operating margin | 9900 | €140,091 | €152,852 | +€12,761 | +9.1% |
| Operating profit (loss) | 9901 | €50,532 | €63,217 | +€12,685 | +25.1% |
| Financial income | 75/76B | €1 | €1 | -€0 | -14.8% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -14.8% |
| Financial charges | 65/66B | €15,394 | €17,518 | +€2,124 | +13.8% |
| Recurring financial charges | 65 | €15,394 | €17,518 | +€2,124 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €35,139 | €45,700 | +€10,561 | +30.1% |
| Income taxes | 67/77 | €10,011 | €13,328 | +€3,317 | +33.1% |
| Profit (loss) for the period | 9904 | €25,128 | €32,373 | +€7,244 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,128 | €32,373 | +€7,244 | +28.8% |
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 24 October 2026 via checked.be.