KAPITO !: 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.
KAPITO !
Largest movements
- Receivables within one year +€9,286
up €9,286 (+60.2%), from €15,432 to €24,718
of which Other amounts receivable: +€9,775
- Cash -€6,366
down €6,366 (-18.1%), from €35,198 to €28,832
mainly Receivables within one year (-€9,286) and Tax, wage and social debts (-€2,649)
- Deferred charges and accrued income +€691
new in 2025: €691
- Reserves +€6,649
up €6,649 (+15.4%), from €43,195 to €49,844
of which Distributable reserves: +€6,649
- Tax, wage and social debts -€2,649
no longer reported in 2025 (was €2,649)
- Gross operating margin -€16,347
down €16,347 (-57.9%), from €28,209 to €11,863
- Taxes -€6,001
down €6,001 (-63.8%), from €9,410 to €3,409
- Staff costs +€1,568
new in 2025: €1,568
- Other operating charges -€748
down €748 (-92.2%), from €811 to €63
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 | €55,567 | €59,080 | +€3,513 | +6.3% |
| Fixed assets | 21/28 | €4,936 | €4,839 | -€98 | -2.0% |
| Tangible fixed assets | 22/27 | €4,936 | €4,839 | -€98 | -2.0% |
| Plant, machinery and equipment | 23 | €98 | €0 | -€98 | -100.0% |
| Furniture and vehicles | 24 | €4,839 | €4,839 | = | 0.0% |
| Current assets | 29/58 | €50,630 | €54,241 | +€3,611 | +7.1% |
| Amounts receivable within one year | 40/41 | €15,432 | €24,718 | +€9,286 | +60.2% |
| Trade receivables | 40 | €9,672 | €9,182 | -€490 | -5.1% |
| Other amounts receivable | 41 | €5,760 | €15,536 | +€9,775 | +169.7% |
| Cash at bank and in hand | 54/58 | €35,198 | €28,832 | -€6,366 | -18.1% |
| Deferred charges and accrued income | 490/1 | - | €691 | +€691 | |
| Total equity and liabilities | 10/49 | €55,567 | €59,080 | +€3,513 | +6.3% |
| Equity | 10/15 | €52,401 | €59,050 | +€6,649 | +12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €43,195 | €49,844 | +€6,649 | +15.4% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €24,445 | €31,094 | +€6,649 | +27.2% |
| Profit (loss) carried forward | 14 | €3,006 | €3,006 | = | 0.0% |
| Amounts payable | 17/49 | €3,166 | €30 | -€3,136 | -99.0% |
| Amounts payable within one year | 42/48 | €3,166 | €30 | -€3,136 | -99.0% |
| Trade debts | 44 | €517 | €30 | -€486 | -94.2% |
| Suppliers | 440/4 | €517 | €30 | -€486 | -94.2% |
| Taxes, remuneration and social security | 45 | €2,649 | - | -€2,649 | |
| Taxes | 450/3 | €2,649 | - | -€2,649 | |
| Remuneration, social security and pensions | 62 | - | €1,568 | +€1,568 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98 | €98 | = | 0.0% |
| Other operating charges | 640/8 | €811 | €63 | -€748 | -92.2% |
| Gross operating margin | 9900 | €28,209 | €11,863 | -€16,347 | -57.9% |
| Operating profit (loss) | 9901 | €27,300 | €10,133 | -€17,167 | -62.9% |
| Financial income | 75/76B | €211 | €111 | -€100 | -47.3% |
| Recurring financial income | 75 | €211 | €111 | -€100 | -47.3% |
| Financial charges | 65/66B | €243 | €186 | -€57 | -23.3% |
| Recurring financial charges | 65 | €243 | €186 | -€57 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €27,268 | €10,058 | -€17,210 | -63.1% |
| Income taxes | 67/77 | €9,410 | €3,409 | -€6,001 | -63.8% |
| Profit (loss) for the period | 9904 | €17,858 | €6,649 | -€11,209 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,858 | €6,649 | -€11,209 | -62.8% |
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.