KAPIRO: 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.
KAPIRO
Largest movements
- Cash +€2,724
up €2,724 (+5689.9%), from €48 to €2,772
mainly Other debts (+€6,827) and Net result for the year (+€2,500)
- Receivables within one year -€361
down €361 (-16.3%), from €2,212 to €1,851
of which Trade receivables: -€2,199
- Tangible fixed assets -€341
down €341 (-29.8%), from €1,144 to €804
- Trade debts -€7,239
down €7,239 (-63.7%), from €11,356 to €4,117
- Other debts +€6,827
up €6,827 (+484.6%), from €1,409 to €8,235
- Profit (loss) carried forward +€2,500
up €2,500 (+5.6%), from -€44,426 to -€41,926
- Accrued charges and deferred income -€66
no longer reported in 2025 (was €66)
- Gross operating margin +€47,063
up €47,063, from -€43,847 to €3,216
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 | €3,404 | €5,426 | +€2,022 | +59.4% |
| Fixed assets | 21/28 | €1,144 | €804 | -€341 | -29.8% |
| Tangible fixed assets | 22/27 | €1,144 | €804 | -€341 | -29.8% |
| Plant, machinery and equipment | 23 | €1,144 | €804 | -€341 | -29.8% |
| Current assets | 29/58 | €2,260 | €4,622 | +€2,362 | +104.5% |
| Amounts receivable within one year | 40/41 | €2,212 | €1,851 | -€361 | -16.3% |
| Trade receivables | 40 | €2,212 | €13 | -€2,199 | -99.4% |
| Other amounts receivable | 41 | - | €1,838 | +€1,838 | |
| Cash at bank and in hand | 54/58 | €48 | €2,772 | +€2,724 | +5689.9% |
| Total equity and liabilities | 10/49 | €3,404 | €5,426 | +€2,022 | +59.4% |
| Equity | 10/15 | -€9,426 | -€6,926 | +€2,500 | +26.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,426 | -€41,926 | +€2,500 | +5.6% |
| Amounts payable | 17/49 | €12,831 | €12,352 | -€479 | -3.7% |
| Amounts payable within one year | 42/48 | €12,765 | €12,352 | -€413 | -3.2% |
| Trade debts | 44 | €11,356 | €4,117 | -€7,239 | -63.7% |
| Suppliers | 440/4 | €11,356 | €4,117 | -€7,239 | -63.7% |
| Other amounts payable | 47/48 | €1,409 | €8,235 | +€6,827 | +484.6% |
| Accrued charges and deferred income | 492/3 | €66 | - | -€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €345 | €341 | -€5 | -1.4% |
| Other operating charges | 640/8 | €118 | €259 | +€141 | +119.5% |
| Gross operating margin | 9900 | -€43,847 | €3,216 | +€47,063 | |
| Operating profit (loss) | 9901 | -€44,310 | €2,617 | +€46,927 | |
| Financial charges | 65/66B | €116 | €116 | -€0 | -0.1% |
| Recurring financial charges | 65 | €116 | €116 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€44,426 | €2,500 | +€46,927 | |
| Profit (loss) for the period | 9904 | -€44,426 | €2,500 | +€46,927 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,426 | €2,500 | +€46,927 |
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 3 October 2026 via checked.be.