KAPITOOL: 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.
KAPITOOL
Largest movements
- Cash -€37,354
down €37,354 (-86.0%), from €43,417 to €6,063
mainly Contributions, distributions and other (-€51,500) and Other debts (-€5,831)
- Receivables within one year -€8,290
down €8,290 (-80.6%), from €10,280 to €1,991
of which Other amounts receivable: -€8,290
- Tangible fixed assets -€6,081
down €6,081 (-5.9%), from €102,729 to €96,648
- Deferred charges and accrued income +€4,426
up €4,426 (+232.2%), from €1,906 to €6,331
- Reserves -€51,500
down €51,500 (-56.4%), from €91,260 to €39,760
of which Distributable reserves: -€51,500
- Profit (loss) carried forward +€10,173
up €10,173 (+21.9%), from €46,543 to €56,716
- Other debts -€5,831
down €5,831 (-100.0%), from €5,831 to €0
- Gross operating margin +€11,376
up €11,376 (+89.6%), from €12,694 to €24,070
- Taxes +€2,273
up €2,273 (+203.2%), from €1,118 to €3,391
- Depreciation +€1,892
up €1,892 (+30.8%), from €6,134 to €8,026
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 | €158,332 | €111,033 | -€47,300 | -29.9% |
| Fixed assets | 21/28 | €102,729 | €96,648 | -€6,081 | -5.9% |
| Tangible fixed assets | 22/27 | €102,729 | €96,648 | -€6,081 | -5.9% |
| Land and buildings | 22 | €102,729 | €96,648 | -€6,081 | -5.9% |
| Current assets | 29/58 | €55,603 | €14,385 | -€41,218 | -74.1% |
| Amounts receivable within one year | 40/41 | €10,280 | €1,991 | -€8,290 | -80.6% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €10,280 | €1,991 | -€8,290 | -80.6% |
| Cash at bank and in hand | 54/58 | €43,417 | €6,063 | -€37,354 | -86.0% |
| Deferred charges and accrued income | 490/1 | €1,906 | €6,331 | +€4,426 | +232.2% |
| Total equity and liabilities | 10/49 | €158,332 | €111,033 | -€47,300 | -29.9% |
| Equity | 10/15 | €144,003 | €102,676 | -€41,327 | -28.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €91,260 | €39,760 | -€51,500 | -56.4% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Distributable reserves | 133 | €91,260 | €39,760 | -€51,500 | -56.4% |
| Profit (loss) carried forward | 14 | €46,543 | €56,716 | +€10,173 | +21.9% |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Major repairs and maintenance | 162 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,329 | €8,356 | -€5,973 | -41.7% |
| Amounts payable after more than one year | 17 | €7,450 | €7,505 | +€55 | +0.7% |
| Other amounts payable | 178/9 | €7,450 | €7,505 | +€55 | +0.7% |
| Amounts payable within one year | 42/48 | €5,936 | €851 | -€5,085 | -85.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Trade debts | 44 | €105 | €851 | +€747 | +711.9% |
| Suppliers | 440/4 | €105 | €851 | +€747 | +711.9% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €5,831 | €0 | -€5,831 | -100.0% |
| Accrued charges and deferred income | 492/3 | €943 | €0 | -€943 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,134 | €8,026 | +€1,892 | +30.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €0 | = | |
| Other operating charges | 640/8 | €2,561 | €2,435 | -€126 | -4.9% |
| Gross operating margin | 9900 | €12,694 | €24,070 | +€11,376 | +89.6% |
| Operating profit (loss) | 9901 | €4,000 | €13,609 | +€9,610 | +240.3% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100.0% |
| Financial charges | 65/66B | €96 | €45 | -€51 | -53.2% |
| Recurring financial charges | 65 | €96 | €45 | -€51 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €3,913 | €13,564 | +€9,651 | +246.6% |
| Income taxes | 67/77 | €1,118 | €3,391 | +€2,273 | +203.2% |
| Profit (loss) for the period | 9904 | €2,795 | €10,173 | +€7,378 | +264.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,795 | €10,173 | +€7,378 | +264.0% |
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 29 September 2026 via checked.be.