KAPODISASTER: 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.
KAPODISASTER
Largest movements
- Cash -€18,792
down €18,792 (-27.5%), from €68,442 to €49,651
mainly Net result for the year (-€17,322) and Debts after one year (-€6,417)
- Tangible fixed assets -€8,940
down €8,940 (-23.9%), from €37,415 to €28,475
of which Leasing and similar rights: -€8,061
- Receivables within one year +€2,546
up €2,546 (+28.1%), from €9,047 to €11,593
of which Trade receivables: +€2,478
- Profit (loss) carried forward -€17,322
down €17,322 (-127.6%), from -€13,575 to -€30,897
- Debts after one year -€6,417
down €6,417 (-28.8%), from €22,277 to €15,860
- Trade debts -€1,806
down €1,806 (-68.0%), from €2,657 to €851
- Other debts -€1,718
no longer reported in 2025 (was €1,718)
- Gross operating margin -€16,624
down €16,624, from €12,471 to -€4,153
- Other operating charges -€3,377
down €3,377 (-79.6%), from €4,240 to €863
- Depreciation +€1,850
up €1,850 (+26.1%), from €7,090 to €8,940
- Financial charges +€262
up €262 (+8.7%), from €2,992 to €3,254
- Financial income -€230
down €230 (-33.1%), from €695 to €465
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 | €117,666 | €91,313 | -€26,354 | -22.4% |
| Fixed assets | 21/28 | €37,415 | €28,475 | -€8,940 | -23.9% |
| Tangible fixed assets | 22/27 | €37,415 | €28,475 | -€8,940 | -23.9% |
| Leasing and similar rights | 25 | €34,092 | €26,032 | -€8,061 | -23.6% |
| Other tangible fixed assets | 26 | €3,322 | €2,443 | -€879 | -26.5% |
| Current assets | 29/58 | €80,252 | €62,838 | -€17,414 | -21.7% |
| Amounts receivable within one year | 40/41 | €9,047 | €11,593 | +€2,546 | +28.1% |
| Trade receivables | 40 | €8,979 | €11,456 | +€2,478 | +27.6% |
| Other amounts receivable | 41 | €69 | €137 | +€68 | +99.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €68,442 | €49,651 | -€18,792 | -27.5% |
| Deferred charges and accrued income | 490/1 | €2,762 | €1,594 | -€1,168 | -42.3% |
| Total equity and liabilities | 10/49 | €117,666 | €91,313 | -€26,354 | -22.4% |
| Equity | 10/15 | €81,892 | €64,571 | -€17,322 | -21.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €76,876 | €76,876 | = | 0.0% |
| Distributable reserves | 133 | €76,876 | €76,876 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,575 | -€30,897 | -€17,322 | -127.6% |
| Amounts payable | 17/49 | €35,774 | €26,742 | -€9,032 | -25.2% |
| Amounts payable after more than one year | 17 | €22,277 | €15,860 | -€6,417 | -28.8% |
| Financial debts | 170/4 | €22,277 | €15,860 | -€6,417 | -28.8% |
| Amounts payable within one year | 42/48 | €13,497 | €10,882 | -€2,615 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €5,909 | €6,417 | +€508 | +8.6% |
| Trade debts | 44 | €2,657 | €851 | -€1,806 | -68.0% |
| Suppliers | 440/4 | €2,657 | €851 | -€1,806 | -68.0% |
| Taxes, remuneration and social security | 45 | €3,213 | €3,614 | +€400 | +12.5% |
| Taxes | 450/3 | €3,213 | €3,614 | +€400 | +12.5% |
| Other amounts payable | 47/48 | €1,718 | - | -€1,718 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,090 | €8,940 | +€1,850 | +26.1% |
| Other operating charges | 640/8 | €4,240 | €863 | -€3,377 | -79.6% |
| Gross operating margin | 9900 | €12,471 | -€4,153 | -€16,624 | |
| Operating profit (loss) | 9901 | €1,141 | -€13,956 | -€15,097 | |
| Financial income | 75/76B | €695 | €465 | -€230 | -33.1% |
| Recurring financial income | 75 | €695 | €465 | -€230 | -33.1% |
| Financial charges | 65/66B | €2,992 | €3,254 | +€262 | +8.7% |
| Recurring financial charges | 65 | €2,992 | €3,254 | +€262 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,156 | -€16,745 | -€15,588 | -1348.3% |
| Income taxes | 67/77 | €468 | €577 | +€109 | +23.4% |
| Profit (loss) for the period | 9904 | -€1,624 | -€17,322 | -€15,698 | -966.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,624 | -€17,322 | -€15,698 | -966.7% |
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 5 October 2026 via checked.be.