KAPELWIJK: 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.
KAPELWIJK
Largest movements
- Cash +€237,724
up €237,724 (+105%), from €225,594 to €463,318
mainly Receivables after one year (+€210,000) and Receivables within one year (+€135,591)
- Receivables after one year -€210,000
no longer reported in 2025 (was €210,000)
- Receivables within one year -€135,591
down €135,591 (-47.5%), from €285,348 to €149,757
of which Trade receivables: -€133,074
- Tangible fixed assets +€45,574
up €45,574 (+56.6%), from €80,480 to €126,054
of which Plant, machinery and equipment: +€47,674
- Trade debts -€68,965
down €68,965 (-71.3%), from €96,755 to €27,790
- Accrued charges and deferred income +€8,675
up €8,675 (+395%), from €2,195 to €10,870
- Gross operating margin -€49,656
down €49,656 (-78.1%), from €63,590 to €13,934
- Taxes -€11,891
down €11,891, from €10,499 to -€1,392
- Financial income +€8,499
up €8,499 (+133%), from €6,370 to €14,869
- Financial charges +€5,691
up €5,691 (+2,475%), from €230 to €5,921
- Other operating charges -€1,008
down €1,008 (-5.6%), from €18,128 to €17,121
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 | €801,422 | €739,129 | -€62,293 | -7.8% |
| Fixed assets | 21/28 | €80,480 | €126,054 | +€45,574 | +56.6% |
| Tangible fixed assets | 22/27 | €80,480 | €126,054 | +€45,574 | +56.6% |
| Land and buildings | 22 | €80,480 | €78,380 | -€2,100 | -2.6% |
| Plant, machinery and equipment | 23 | - | €47,674 | +€47,674 | |
| Current assets | 29/58 | €720,942 | €613,075 | -€107,867 | -15.0% |
| Amounts receivable after more than one year | 29 | €210,000 | - | -€210,000 | |
| Other amounts receivable | 291 | €210,000 | - | -€210,000 | |
| Amounts receivable within one year | 40/41 | €285,348 | €149,757 | -€135,591 | -47.5% |
| Trade receivables | 40 | €206,847 | €73,774 | -€133,074 | -64.3% |
| Other amounts receivable | 41 | €78,501 | €75,983 | -€2,518 | -3.2% |
| Cash at bank and in hand | 54/58 | €225,594 | €463,318 | +€237,724 | +105% |
| Total equity and liabilities | 10/49 | €801,422 | €739,129 | -€62,293 | -7.8% |
| Equity | 10/15 | €636,877 | €641,011 | +€4,135 | +0.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €30,117 | €30,117 | = | 0.0% |
| Distributable reserves | 133 | €30,117 | €30,117 | = | 0.0% |
| Profit (loss) carried forward | 14 | €556,759 | €560,894 | +€4,135 | +0.7% |
| Amounts payable | 17/49 | €164,545 | €98,117 | -€66,427 | -40.4% |
| Amounts payable within one year | 42/48 | €162,350 | €87,247 | -€75,103 | -46.3% |
| Trade debts | 44 | €96,755 | €27,790 | -€68,965 | -71.3% |
| Suppliers | 440/4 | €96,755 | €27,790 | -€68,965 | -71.3% |
| Taxes, remuneration and social security | 45 | €13,973 | €12,550 | -€1,423 | -10.2% |
| Taxes | 450/3 | €13,973 | €12,550 | -€1,423 | -10.2% |
| Other amounts payable | 47/48 | €51,621 | €46,907 | -€4,714 | -9.1% |
| Accrued charges and deferred income | 492/3 | €2,195 | €10,870 | +€8,675 | +395% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,100 | €3,019 | +€919 | +43.7% |
| Other operating charges | 640/8 | €18,128 | €17,121 | -€1,008 | -5.6% |
| Gross operating margin | 9900 | €63,590 | €13,934 | -€49,656 | -78.1% |
| Operating profit (loss) | 9901 | €43,362 | -€6,206 | -€49,567 | |
| Financial income | 75/76B | €6,370 | €14,869 | +€8,499 | +133% |
| Recurring financial income | 75 | €6,370 | €14,869 | +€8,499 | +133% |
| Financial charges | 65/66B | €230 | €5,921 | +€5,691 | +2,475% |
| Recurring financial charges | 65 | €230 | €5,921 | +€5,691 | +2,475% |
| Profit (loss) for the period before taxes | 9903 | €49,502 | €2,743 | -€46,759 | -94.5% |
| Income taxes | 67/77 | €10,499 | -€1,392 | -€11,891 | |
| Profit (loss) for the period | 9904 | €39,002 | €4,135 | -€34,868 | -89.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,002 | €4,135 | -€34,868 | -89.4% |
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 15 October 2026 via checked.be.