KAPLAN: 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.
KAPLAN
Largest movements
- Receivables within one year -€67,064
down €67,064 (-33.4%), from €201,062 to €133,998
of which Trade receivables: -€101,656
- Trade debts -€59,837
down €59,837 (-78.0%), from €76,745 to €16,908
- Profit (loss) carried forward -€12,105
down €12,105 (-13.8%), from €87,566 to €75,461
- Tax, wage and social debts +€4,154
up €4,154 (+232%), from €1,793 to €5,947
- Turnover -€35,143
down €35,143 (-14.4%), from €244,309 to €209,166
- Gross operating margin -€17,578
down €17,578, from €8,184 to -€9,394
- Purchases and services -€17,565
down €17,565 (-7.4%), from €236,125 to €218,560
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.
Derived cash bridge
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 | €211,942 | €142,584 | -€69,358 | -32.7% |
| Fixed assets | 21/28 | €4,083 | €2,332 | -€1,751 | -42.9% |
| Tangible fixed assets | 22/27 | €4,083 | €2,332 | -€1,751 | -42.9% |
| Plant, machinery and equipment | 23 | €3,333 | €2,332 | -€1,001 | -30.0% |
| Furniture and vehicles | 24 | €750 | - | -€750 | |
| Current assets | 29/58 | €207,859 | €140,252 | -€67,607 | -32.5% |
| Amounts receivable within one year | 40/41 | €201,062 | €133,998 | -€67,064 | -33.4% |
| Trade receivables | 40 | €195,654 | €93,998 | -€101,656 | -52.0% |
| Other amounts receivable | 41 | €5,408 | €40,000 | +€34,592 | +640% |
| Cash at bank and in hand | 54/58 | €6,797 | €6,254 | -€543 | -8.0% |
| Total equity and liabilities | 10/49 | €211,942 | €142,584 | -€69,358 | -32.7% |
| Equity | 10/15 | €113,066 | €100,961 | -€12,105 | -10.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,500 | €5,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,566 | €75,461 | -€12,105 | -13.8% |
| Amounts payable | 17/49 | €98,876 | €41,623 | -€57,253 | -57.9% |
| Amounts payable within one year | 42/48 | €98,876 | €41,623 | -€57,253 | -57.9% |
| Trade debts | 44 | €76,745 | €16,908 | -€59,837 | -78.0% |
| Suppliers | 440/4 | €76,745 | €16,908 | -€59,837 | -78.0% |
| Taxes, remuneration and social security | 45 | €1,793 | €5,947 | +€4,154 | +232% |
| Taxes | 450/3 | €1,793 | €5,947 | +€4,154 | +232% |
| Other amounts payable | 47/48 | €20,338 | €18,768 | -€1,570 | -7.7% |
| Turnover | 70 | €244,309 | €209,166 | -€35,143 | -14.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €236,125 | €218,560 | -€17,565 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €1,751 | -€249 | -12.5% |
| Other operating charges | 640/8 | €725 | €802 | +€77 | +10.6% |
| Gross operating margin | 9900 | €8,184 | -€9,394 | -€17,578 | |
| Operating profit (loss) | 9901 | €5,459 | -€11,947 | -€17,406 | |
| Financial charges | 65/66B | €135 | €159 | +€24 | +17.6% |
| Recurring financial charges | 65 | €135 | €159 | +€24 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | €5,324 | -€12,106 | -€17,430 | |
| Income taxes | 67/77 | €1,741 | - | -€1,741 | |
| Profit (loss) for the period | 9904 | €3,583 | -€12,106 | -€15,689 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,583 | -€12,106 | -€15,689 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.