KAPERO: 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.
KAPERO
Largest movements
- Receivables within one year +€43,328
up €43,328 (+52.7%), from €82,236 to €125,564
of which Other amounts receivable: +€54,394
- Cash +€22,614
up €22,614 (+195%), from €11,598 to €34,212
- Tangible fixed assets -€15,792
down €15,792 (-62.2%), from €25,400 to €9,607
of which Plant, machinery and equipment: -€15,032
- Intangible fixed assets -€6,871
down €6,871 (-40.0%), from €17,177 to €10,306
- Trade debts +€39,960
up €39,960 (+87.8%), from €45,491 to €85,451
- Other debts +€29,970
up €29,970 (+29.9%), from €100,391 to €130,361
- Profit (loss) carried forward -€15,289
down €15,289 (-43.2%), from -€35,422 to -€50,711
- Debts after one year -€9,797
down €9,797 (-96.0%), from €10,202 to €405
- Current portion of long-term debt -€2,782
down €2,782 (-44.8%), from €6,209 to €3,426
- Gross operating margin +€136,211
up €136,211 (+102%), from €133,685 to €269,896
- Staff costs +€110,016
up €110,016 (+77.7%), from €141,646 to €251,662
- Financial income +€6,413
up €6,413 (+1,654%), from €388 to €6,801
- Financial charges +€4,478
up €4,478 (+94.2%), from €4,754 to €9,233
From the 2022 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,227 | €213,077 | +€41,850 | +24.4% |
| Fixed assets | 21/28 | €62,327 | €39,664 | -€22,663 | -36.4% |
| Intangible fixed assets | 21 | €17,177 | €10,306 | -€6,871 | -40.0% |
| Tangible fixed assets | 22/27 | €25,400 | €9,607 | -€15,792 | -62.2% |
| Plant, machinery and equipment | 23 | €23,499 | €8,467 | -€15,032 | -64.0% |
| Other tangible fixed assets | 26 | €1,900 | €1,140 | -€760 | -40.0% |
| Financial fixed assets | 28 | €19,750 | €19,750 | = | 0.0% |
| Current assets | 29/58 | €108,900 | €173,414 | +€64,513 | +59.2% |
| Stocks and contracts in progress | 3 | €13,562 | €13,562 | = | 0.0% |
| Stocks | 30/36 | €13,562 | €13,562 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €82,236 | €125,564 | +€43,328 | +52.7% |
| Trade receivables | 40 | €11,065 | - | -€11,065 | |
| Other amounts receivable | 41 | €71,170 | €125,564 | +€54,394 | +76.4% |
| Cash at bank and in hand | 54/58 | €11,598 | €34,212 | +€22,614 | +195% |
| Deferred charges and accrued income | 490/1 | €1,504 | €75 | -€1,429 | -95.0% |
| Total equity and liabilities | 10/49 | €171,227 | €213,077 | +€41,850 | +24.4% |
| Equity | 10/15 | -€16,822 | -€32,111 | -€15,289 | -90.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,422 | -€50,711 | -€15,289 | -43.2% |
| Amounts payable | 17/49 | €188,049 | €245,188 | +€57,139 | +30.4% |
| Amounts payable after more than one year | 17 | €10,202 | €405 | -€9,797 | -96.0% |
| Financial debts | 170/4 | €10,202 | €405 | -€9,797 | -96.0% |
| Amounts payable within one year | 42/48 | €177,847 | €244,783 | +€66,936 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | €6,209 | €3,426 | -€2,782 | -44.8% |
| Trade debts | 44 | €45,491 | €85,451 | +€39,960 | +87.8% |
| Suppliers | 440/4 | €45,491 | €85,451 | +€39,960 | +87.8% |
| Advances received on contracts in progress | 46 | €1,400 | - | -€1,400 | |
| Taxes, remuneration and social security | 45 | €24,356 | €25,544 | +€1,188 | +4.9% |
| Taxes | 450/3 | €7,004 | €7,090 | +€86 | +1.2% |
| Remuneration and social security | 454/9 | €17,352 | €18,455 | +€1,102 | +6.4% |
| Other amounts payable | 47/48 | €100,391 | €130,361 | +€29,970 | +29.9% |
| Remuneration, social security and pensions | 62 | €141,646 | €251,662 | +€110,016 | +77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,106 | €10,888 | -€1,218 | -10.1% |
| Other operating charges | 640/8 | €450 | €623 | +€174 | +38.7% |
| Gross operating margin | 9900 | €133,685 | €269,896 | +€136,211 | +102% |
| Operating profit (loss) | 9901 | -€20,516 | €6,723 | +€27,239 | |
| Financial income | 75/76B | €388 | €6,801 | +€6,413 | +1,654% |
| Recurring financial income | 75 | €388 | €6,801 | +€6,413 | +1,654% |
| Financial charges | 65/66B | €4,754 | €9,233 | +€4,478 | +94.2% |
| Recurring financial charges | 65 | €4,754 | €9,233 | +€4,478 | +94.2% |
| Profit (loss) for the period before taxes | 9903 | -€24,883 | €4,291 | +€29,174 | |
| Profit (loss) for the period | 9904 | -€24,883 | €4,291 | +€29,174 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,883 | €4,291 | +€29,174 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.