KAPMES: 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.
KAPMES
Largest movements
- Deferred charges and accrued income -€12,762
down €12,762 (-55.9%), from €22,850 to €10,088
- Intangible fixed assets -€11,160
down €11,160 (-17.5%), from €63,878 to €52,719
- Tangible fixed assets +€10,546
up €10,546 (+30.7%), from €34,339 to €44,885
of which Furniture and vehicles: +€17,688
- Receivables within one year +€3,011
up €3,011 (+3.0%), from €101,077 to €104,089
of which Trade receivables: +€7,857
- Reserves +€26,236
up €26,236 (+22.2%), from €118,132 to €144,367
- Trade debts -€16,161
down €16,161 (-31.3%), from €51,694 to €35,533
- Short-term financial debts -€15,211
down €15,211 (-63.7%), from €23,878 to €8,667
of which Other loans: -€13,935
- Other debts -€4,003
down €4,003 (-64.5%), from €6,205 to €2,203
- Staff costs -€44,010
down €44,010 (-17.9%), from €245,212 to €201,202
- Gross operating margin -€43,476
down €43,476 (-13.8%), from €315,445 to €271,970
- Other operating charges -€23,945
down €23,945 (-88.9%), from €26,936 to €2,991
- Taxes +€6,301
up €6,301 (+123%), from €5,140 to €11,441
- Depreciation +€4,395
up €4,395 (+19.8%), from €22,155 to €26,550
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 | €296,649 | €286,355 | -€10,294 | -3.5% |
| Fixed assets | 21/28 | €98,842 | €98,229 | -€613 | -0.6% |
| Intangible fixed assets | 21 | €63,878 | €52,719 | -€11,160 | -17.5% |
| Tangible fixed assets | 22/27 | €34,339 | €44,885 | +€10,546 | +30.7% |
| Land and buildings | 22 | €4,181 | €19,294 | +€15,113 | +362% |
| Plant, machinery and equipment | 23 | €5,703 | €3,890 | -€1,813 | -31.8% |
| Furniture and vehicles | 24 | €4,013 | €21,702 | +€17,688 | +441% |
| Leasing and similar rights | 25 | €20,442 | €0 | -€20,442 | -100% |
| Financial fixed assets | 28 | €625 | €625 | = | 0.0% |
| Current assets | 29/58 | €197,807 | €188,126 | -€9,681 | -4.9% |
| Amounts receivable within one year | 40/41 | €101,077 | €104,089 | +€3,011 | +3.0% |
| Trade receivables | 40 | €96,130 | €103,987 | +€7,857 | +8.2% |
| Other amounts receivable | 41 | €4,947 | €102 | -€4,846 | -97.9% |
| Cash at bank and in hand | 54/58 | €73,880 | €73,950 | +€70 | +0.1% |
| Deferred charges and accrued income | 490/1 | €22,850 | €10,088 | -€12,762 | -55.9% |
| Total equity and liabilities | 10/49 | €296,649 | €286,355 | -€10,294 | -3.5% |
| Equity | 10/15 | €120,224 | €146,459 | +€26,236 | +21.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €118,132 | €144,367 | +€26,236 | +22.2% |
| Distributable reserves | 133 | €118,132 | €144,367 | +€26,236 | +22.2% |
| Profit (loss) carried forward | 14 | €592 | €592 | = | 0.0% |
| Amounts payable | 17/49 | €176,425 | €139,896 | -€36,530 | -20.7% |
| Amounts payable after more than one year | 17 | €15,412 | €16,173 | +€761 | +4.9% |
| Financial debts | 170/4 | €15,412 | €16,173 | +€761 | +4.9% |
| Amounts payable within one year | 42/48 | €161,014 | €122,995 | -€38,018 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €5,880 | €4,874 | -€1,006 | -17.1% |
| Financial debts | 43 | €23,878 | €8,667 | -€15,211 | -63.7% |
| Credit institutions | 430/8 | €9,943 | €8,667 | -€1,276 | -12.8% |
| Other loans | 439 | €13,935 | €0 | -€13,935 | -100% |
| Trade debts | 44 | €51,694 | €35,533 | -€16,161 | -31.3% |
| Suppliers | 440/4 | €51,694 | €35,533 | -€16,161 | -31.3% |
| Taxes, remuneration and social security | 45 | €73,356 | €71,719 | -€1,637 | -2.2% |
| Taxes | 450/3 | €26,392 | €34,403 | +€8,011 | +30.4% |
| Remuneration and social security | 454/9 | €46,964 | €37,315 | -€9,648 | -20.5% |
| Other amounts payable | 47/48 | €6,205 | €2,203 | -€4,003 | -64.5% |
| Accrued charges and deferred income | 492/3 | - | €728 | +€728 | |
| Non-recurring operating income | 76A | €458 | €0 | -€458 | -100% |
| Remuneration, social security and pensions | 62 | €245,212 | €201,202 | -€44,010 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,155 | €26,550 | +€4,395 | +19.8% |
| Other operating charges | 640/8 | €26,936 | €2,991 | -€23,945 | -88.9% |
| Gross operating margin | 9900 | €315,445 | €271,970 | -€43,476 | -13.8% |
| Operating profit (loss) | 9901 | €21,143 | €41,227 | +€20,085 | +95.0% |
| Financial income | 75/76B | €64 | €128 | +€64 | +99.7% |
| Recurring financial income | 75 | €64 | €128 | +€64 | +99.7% |
| Financial charges | 65/66B | €5,528 | €3,678 | -€1,849 | -33.5% |
| Recurring financial charges | 65 | €5,528 | €3,678 | -€1,849 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €15,679 | €37,677 | +€21,998 | +140% |
| Income taxes | 67/77 | €5,140 | €11,441 | +€6,301 | +123% |
| Profit (loss) for the period | 9904 | €10,539 | €26,236 | +€15,697 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €10,539 | €26,236 | +€15,697 | +149% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.