KAPOOR: 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.
KAPOOR
Largest movements
- Stocks and contracts +€10,663
up €10,663 (+46.6%), from €22,860 to €33,524
- Tangible fixed assets -€2,083
down €2,083 (-25.0%), from €8,343 to €6,260
- Cash +€1,765
up €1,765 (+20.1%), from €8,780 to €10,544
mainly Net result for the year (+€5,611) and Depreciation (+€2,583)
- Financial fixed assets -€1,729
down €1,729 (-14.7%), from €11,744 to €10,015
- Reserves +€5,611
up €5,611 (+17.3%), from €32,403 to €38,013
of which Distributable reserves: +€5,611
- Trade debts +€2,451
up €2,451 (+221.9%), from €1,105 to €3,556
- Gross operating margin -€1,769
down €1,769 (-11.7%), from €15,086 to €13,317
- Depreciation +€1,220
up €1,220 (+89.5%), from €1,363 to €2,583
- Taxes -€628
down €628 (-21.6%), from €2,906 to €2,278
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 | €55,848 | €63,965 | +€8,117 | +14.5% |
| Fixed assets | 21/28 | €24,209 | €19,897 | -€4,312 | -17.8% |
| Intangible fixed assets | 21 | €4,122 | €3,622 | -€500 | -12.1% |
| Tangible fixed assets | 22/27 | €8,343 | €6,260 | -€2,083 | -25.0% |
| Furniture and vehicles | 24 | €8,343 | €6,260 | -€2,083 | -25.0% |
| Financial fixed assets | 28 | €11,744 | €10,015 | -€1,729 | -14.7% |
| Current assets | 29/58 | €31,640 | €44,068 | +€12,428 | +39.3% |
| Stocks and contracts in progress | 3 | €22,860 | €33,524 | +€10,663 | +46.6% |
| Stocks | 30/36 | €22,860 | €33,524 | +€10,663 | +46.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €8,780 | €10,544 | +€1,765 | +20.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €55,848 | €63,965 | +€8,117 | +14.5% |
| Equity | 10/15 | €51,003 | €56,613 | +€5,611 | +11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,403 | €38,013 | +€5,611 | +17.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,543 | €36,153 | +€5,611 | +18.4% |
| Amounts payable | 17/49 | €4,846 | €7,352 | +€2,506 | +51.7% |
| Amounts payable within one year | 42/48 | €4,846 | €7,352 | +€2,506 | +51.7% |
| Trade debts | 44 | €1,105 | €3,556 | +€2,451 | +221.9% |
| Suppliers | 440/4 | €1,105 | €3,556 | +€2,451 | +221.9% |
| Taxes, remuneration and social security | 45 | €3,400 | €3,011 | -€389 | -11.4% |
| Taxes | 450/3 | €3,400 | €3,011 | -€389 | -11.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €341 | €785 | +€444 | +130.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,363 | €2,583 | +€1,220 | +89.5% |
| Other operating charges | 640/8 | €1,325 | €1,226 | -€99 | -7.5% |
| Gross operating margin | 9900 | €15,086 | €13,317 | -€1,769 | -11.7% |
| Operating profit (loss) | 9901 | €12,398 | €9,508 | -€2,890 | -23.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,742 | €1,619 | -€122 | -7.0% |
| Recurring financial charges | 65 | €1,742 | €1,619 | -€122 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €10,656 | €7,889 | -€2,767 | -26.0% |
| Income taxes | 67/77 | €2,906 | €2,278 | -€628 | -21.6% |
| Profit (loss) for the period | 9904 | €7,750 | €5,611 | -€2,140 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,750 | €5,611 | -€2,140 | -27.6% |
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 8 October 2026 via checked.be.