KAPO CONSTRUCTION: 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.
KAPO CONSTRUCTION
Largest movements
- Receivables within one year +€53,332
up €53,332 (+65.9%), from €80,904 to €134,236
of which Trade receivables: +€50,277
- Cash +€3,949
up €3,949 (+10.8%), from €36,506 to €40,455
mainly Net result for the year (+€38,102) and Other debts (+€15,000)
- Tangible fixed assets -€1,913
down €1,913 (-13.2%), from €14,481 to €12,568
of which Furniture and vehicles: -€4,638
- Profit (loss) carried forward +€23,102
up €23,102 (+132.0%), from €17,496 to €40,598
- Other debts +€15,000
new in 2025: €15,000
- Trade debts +€14,153
up €14,153 (+88.4%), from €16,003 to €30,156
- Advances received +€3,114
up €3,114 (+7.3%), from €42,689 to €45,803
- Turnover -€182,543
no longer reported in 2025 (was €182,543)
- Purchases and services +€72,295
up €72,295 (+49.5%), from €145,993 to €218,288
- Gross operating margin +€10,747
up €10,747 (+29.4%), from €36,550 to €47,297
- Taxes +€5,045
new in 2025: €5,045
- Financial income +€2,320
new in 2025: €2,320
of which Financial income: +€2,320
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 | €131,891 | €187,259 | +€55,368 | +42.0% |
| Fixed assets | 21/28 | €14,481 | €12,568 | -€1,913 | -13.2% |
| Tangible fixed assets | 22/27 | €14,481 | €12,568 | -€1,913 | -13.2% |
| Plant, machinery and equipment | 23 | €568 | €3,293 | +€2,725 | +479.8% |
| Furniture and vehicles | 24 | €13,913 | €9,275 | -€4,638 | -33.3% |
| Current assets | 29/58 | €117,410 | €174,691 | +€57,281 | +48.8% |
| Amounts receivable within one year | 40/41 | €80,904 | €134,236 | +€53,332 | +65.9% |
| Trade receivables | 40 | €39,086 | €89,363 | +€50,277 | +128.6% |
| Other amounts receivable | 41 | €41,818 | €44,874 | +€3,056 | +7.3% |
| Cash at bank and in hand | 54/58 | €36,506 | €40,455 | +€3,949 | +10.8% |
| Total equity and liabilities | 10/49 | €131,891 | €187,259 | +€55,368 | +42.0% |
| Equity | 10/15 | €36,185 | €59,287 | +€23,102 | +63.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €89 | €89 | = | 0.0% |
| Non-distributable reserves | 130/1 | €89 | €89 | = | 0.0% |
| Reserves not available under the articles | 1311 | €89 | €89 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,496 | €40,598 | +€23,102 | +132.0% |
| Amounts payable | 17/49 | €95,706 | €127,972 | +€32,266 | +33.7% |
| Amounts payable after more than one year | 17 | €34,862 | €34,862 | = | 0.0% |
| Financial debts | 170/4 | €34,862 | €34,862 | = | 0.0% |
| Amounts payable within one year | 42/48 | €58,692 | €90,959 | +€32,267 | +55.0% |
| Trade debts | 44 | €16,003 | €30,156 | +€14,153 | +88.4% |
| Suppliers | 440/4 | €16,003 | €30,156 | +€14,153 | +88.4% |
| Advances received on contracts in progress | 46 | €42,689 | €45,803 | +€3,114 | +7.3% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Accrued charges and deferred income | 492/3 | €2,152 | €2,152 | -€0 | 0.0% |
| Turnover | 70 | €182,543 | - | -€182,543 | |
| Goods, raw materials, services and sundry goods | 60/61 | €145,993 | €218,288 | +€72,295 | +49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,845 | €5,493 | +€648 | +13.4% |
| Other operating charges | 640/8 | €1,270 | €500 | -€770 | -60.6% |
| Gross operating margin | 9900 | €36,550 | €47,297 | +€10,747 | +29.4% |
| Operating profit (loss) | 9901 | €30,435 | €41,304 | +€10,869 | +35.7% |
| Financial income | 75/76B | - | €2,320 | +€2,320 | |
| Recurring financial income | 75 | - | €2,320 | +€2,320 | |
| Non-recurring financial income | 76B | - | €2,320 | +€2,320 | |
| Financial charges | 65/66B | €53 | €478 | +€425 | +801.1% |
| Recurring financial charges | 65 | €53 | €478 | +€425 | +801.1% |
| Profit (loss) for the period before taxes | 9903 | €30,382 | €43,147 | +€12,765 | +42.0% |
| Income taxes | 67/77 | - | €5,045 | +€5,045 | |
| Profit (loss) for the period | 9904 | €30,382 | €38,102 | +€7,720 | +25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,382 | €38,102 | +€7,720 | +25.4% |
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 4 October 2026 via checked.be.