KAPI BV: 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.
KAPI BV
Largest movements
- Cash +€35,611
up €35,611 (+32.8%), from €108,431 to €144,042
mainly Net result for the year (+€223,143) and Depreciation (+€37,249)
- Tangible fixed assets +€28,307
up €28,307 (+31.3%), from €90,362 to €118,670
of which Other tangible fixed assets: +€49,157
- Current investments +€27,586
new in 2025: €27,586
- Receivables within one year +€7,974
up €7,974 (+18.2%), from €43,884 to €51,858
- Profit (loss) carried forward +€147,635
up €147,635 (+82.8%), from €178,373 to €326,008
- Debts after one year -€26,000
no longer reported in 2025 (was €26,000)
- Tax, wage and social debts -€21,288
down €21,288 (-36.7%), from €58,056 to €36,767
- Gross operating margin +€155,977
up €155,977 (+86.0%), from €181,461 to €337,438
- Taxes +€35,045
up €35,045 (+93.2%), from €37,595 to €72,640
- Depreciation +€18,328
up €18,328 (+96.9%), from €18,921 to €37,249
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 | €270,404 | €372,976 | +€102,572 | +37.9% |
| Fixed assets | 21/28 | €90,362 | €118,670 | +€28,307 | +31.3% |
| Tangible fixed assets | 22/27 | €90,362 | €118,670 | +€28,307 | +31.3% |
| Plant, machinery and equipment | 23 | €4,730 | €10,179 | +€5,449 | +115.2% |
| Furniture and vehicles | 24 | €69,882 | €43,583 | -€26,299 | -37.6% |
| Other tangible fixed assets | 26 | €15,750 | €64,907 | +€49,157 | +312.1% |
| Current assets | 29/58 | €180,042 | €254,307 | +€74,265 | +41.2% |
| Stocks and contracts in progress | 3 | €22,435 | €26,107 | +€3,673 | +16.4% |
| Stocks | 30/36 | €22,435 | €26,107 | +€3,673 | +16.4% |
| Amounts receivable within one year | 40/41 | €43,884 | €51,858 | +€7,974 | +18.2% |
| Trade receivables | 40 | €43,884 | €51,858 | +€7,974 | +18.2% |
| Current investments | 50/53 | - | €27,586 | +€27,586 | |
| Cash at bank and in hand | 54/58 | €108,431 | €144,042 | +€35,611 | +32.8% |
| Deferred charges and accrued income | 490/1 | €5,292 | €4,713 | -€578 | -10.9% |
| Total equity and liabilities | 10/49 | €270,404 | €372,976 | +€102,572 | +37.9% |
| Equity | 10/15 | €182,373 | €330,008 | +€147,635 | +81.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €178,373 | €326,008 | +€147,635 | +82.8% |
| Amounts payable | 17/49 | €88,031 | €42,968 | -€45,063 | -51.2% |
| Amounts payable after more than one year | 17 | €26,000 | - | -€26,000 | |
| Financial debts | 170/4 | €26,000 | - | -€26,000 | |
| Amounts payable within one year | 42/48 | €61,967 | €42,824 | -€19,143 | -30.9% |
| Trade debts | 44 | €2,661 | €4,342 | +€1,680 | +63.1% |
| Suppliers | 440/4 | €2,661 | €4,342 | +€1,680 | +63.1% |
| Taxes, remuneration and social security | 45 | €58,056 | €36,767 | -€21,288 | -36.7% |
| Taxes | 450/3 | €58,056 | €36,767 | -€21,288 | -36.7% |
| Other amounts payable | 47/48 | €1,250 | €1,715 | +€465 | +37.2% |
| Accrued charges and deferred income | 492/3 | €64 | €144 | +€80 | +125.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,921 | €37,249 | +€18,328 | +96.9% |
| Other operating charges | 640/8 | €2,007 | €2,199 | +€192 | +9.6% |
| Gross operating margin | 9900 | €181,461 | €337,438 | +€155,977 | +86.0% |
| Operating profit (loss) | 9901 | €160,533 | €297,990 | +€137,457 | +85.6% |
| Financial income | 75/76B | €37 | €85 | +€49 | +131.8% |
| Recurring financial income | 75 | €37 | €85 | +€49 | +131.8% |
| Financial charges | 65/66B | €1,503 | €2,293 | +€790 | +52.5% |
| Recurring financial charges | 65 | €1,503 | €2,293 | +€790 | +52.5% |
| Profit (loss) for the period before taxes | 9903 | €159,067 | €295,783 | +€136,716 | +85.9% |
| Income taxes | 67/77 | €37,595 | €72,640 | +€35,045 | +93.2% |
| Profit (loss) for the period | 9904 | €121,472 | €223,143 | +€101,671 | +83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €121,472 | €223,143 | +€101,671 | +83.7% |
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 7 October 2026 via checked.be.