Kappa Data: 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.
What changed
Kappa Data
NACE 46.900, Non-specialised wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €1.1m-€34,295
Equity
€4.3m
2024 · €4.3m
Cash
€3.5m
2024 · €4.2m-€678,701
Balance sheet total
€21.1m
2024 · €34.8m-€13.7m
Largest movements
Assets
- Receivables within one year -€11.7m
down €11.7m (-43.3%), from €27.1m to €15.3m
of which Trade receivables: -€13.3m
- Stocks and contracts -€1.2m
down €1.2m (-36.8%), from €3.1m to €2.0m
- Cash -€678,701
down €678,701 (-16.1%), from €4.2m to €3.5m
mainly Trade debts (-€12.1m) and Tax, wage and social debts (-€2.3m)
Equity and liabilities
- Trade debts -€12.1m
down €12.1m (-46.4%), from €26.1m to €14.0m
- Tax, wage and social debts -€2.3m
down €2.3m (-65.8%), from €3.6m to €1.2m
of which Taxes: -€2.3m
- Other debts +€1.0m
up €1.0m (+20980.1%), from €4,852 to €1.0m
Income statement
- Goods and materials -€9.1m
down €9.1m (-15.7%), from €57.8m to €48.8m
of which Purchases: -€11.1m
- Turnover -€8.8m
down €8.8m (-13.5%), from €65.3m to €56.5m
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.
Result 2024
€1.1m
Turnover
-€8.8m
Other operating income
+€27,289
Goods and materials
+€9.1m
Services and other goods
-€92,365
Staff costs
+€49,619
Depreciation
+€18,014
Write-downs
+€48,265
Other operating charges
-€2,715
Other operating items
+€58,136
Financial income
-€99,694
Financial charges
-€283,911
Taxes
+€8,965
Result 2025
€1.0m
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.
From operations
+€611,913
Investment
-€35,684
Financing
-€1.3m
Cash 2024
€4.2m
From operations (derived)
+€611,913
Net result for the year
+€1.0m
Depreciation
+€145,920
Stocks and contracts
+€1.2m
Receivables within one year
+€11.7m
Smaller working-capital items
-€20,985
Trade debts
-€12.1m
Tax, wage and social debts
-€2.3m
Other debts
+€1.0m
Investment (derived)
-€35,684
Investment in fixed assets (net)
-€35,684
Financing
-€1.3m
Debts after one year
-€240,496
Current portion of long-term debt
+€8,290
Contributions, distributions and other
-€1.0m
Cash 2025
€3.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,793,102 | €21,135,815 | -€13.7m | -39.3% |
| Fixed assets | 21/28 | €351,017 | €240,781 | -€110,236 | -31.4% |
| Intangible fixed assets | 21 | €140,222 | €103,381 | -€36,842 | -26.3% |
| Tangible fixed assets | 22/27 | €210,794 | €137,400 | -€73,394 | -34.8% |
| Plant, machinery and equipment | 23 | €190,111 | €117,056 | -€73,055 | -38.4% |
| Furniture and vehicles | 24 | €20,684 | €20,345 | -€339 | -1.6% |
| Current assets | 29/58 | €34,442,085 | €20,895,034 | -€13.5m | -39.3% |
| Stocks and contracts in progress | 3 | €3,144,413 | €1,988,640 | -€1.2m | -36.8% |
| Stocks | 30/36 | €3,144,413 | €1,988,640 | -€1.2m | -36.8% |
| Goods purchased for resale | 34 | €3,144,413 | €1,988,640 | -€1.2m | -36.8% |
| Amounts receivable within one year | 40/41 | €27,055,100 | €15,327,895 | -€11.7m | -43.3% |
| Trade receivables | 40 | €26,979,334 | €13,701,749 | -€13.3m | -49.2% |
| Other amounts receivable | 41 | €75,766 | €1,626,146 | +€1.6m | +2046.3% |
| Cash at bank and in hand | 54/58 | €4,210,347 | €3,531,646 | -€678,701 | -16.1% |
| Deferred charges and accrued income | 490/1 | €32,224 | €46,853 | +€14,629 | +45.4% |
| Total equity and liabilities | 10/49 | €34,793,102 | €21,135,815 | -€13.7m | -39.3% |
| Equity | 10/15 | €4,349,298 | €4,349,298 | = | 0.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,128 | €6,128 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,269 | €4,269 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,324,578 | €4,324,578 | = | 0.0% |
| Amounts payable | 17/49 | €30,443,804 | €16,786,517 | -€13.7m | -44.9% |
| Amounts payable after more than one year | 17 | €480,993 | €240,496 | -€240,496 | -50.0% |
| Financial debts | 170/4 | €480,993 | €240,496 | -€240,496 | -50.0% |
| Other loans | 174 | €480,993 | €240,496 | -€240,496 | -50.0% |
| Amounts payable within one year | 42/48 | €29,954,440 | €16,544,159 | -€13.4m | -44.8% |
| Current portion of amounts payable after more than one year | 42 | €316,438 | €324,728 | +€8,290 | +2.6% |
| Trade debts | 44 | €26,072,715 | €13,977,187 | -€12.1m | -46.4% |
| Suppliers | 440/4 | €26,072,715 | €13,977,187 | -€12.1m | -46.4% |
| Advances received on contracts in progress | 46 | - | €153 | +€153 | |
| Taxes, remuneration and social security | 45 | €3,560,436 | €1,219,367 | -€2.3m | -65.8% |
| Taxes | 450/3 | €3,229,930 | €894,924 | -€2.3m | -72.3% |
| Remuneration and social security | 454/9 | €330,505 | €324,443 | -€6,062 | -1.8% |
| Other amounts payable | 47/48 | €4,852 | €1,022,723 | +€1.0m | +20980.1% |
| Accrued charges and deferred income | 492/3 | €8,371 | €1,862 | -€6,509 | -77.8% |
| Operating income | 70/76A | €65,332,658 | €56,537,004 | -€8.8m | -13.5% |
| Turnover | 70 | €65,291,894 | €56,459,055 | -€8.8m | -13.5% |
| Other operating income | 74 | €34,649 | €61,938 | +€27,289 | +78.8% |
| Non-recurring operating income | 76A | €6,115 | €16,011 | +€9,896 | +161.8% |
| Operating charges | 60/66A | €63,999,149 | €54,863,150 | -€9.1m | -14.3% |
| Goods for resale, raw materials and consumables | 60 | €57,823,519 | €48,756,579 | -€9.1m | -15.7% |
| Purchases | 600/8 | €58,657,285 | €47,603,195 | -€11.1m | -18.8% |
| Change in stocks: decrease (increase) | 609 | -€833,766 | €1,153,385 | +€2.0m | |
| Services and other goods | 61 | €4,185,485 | €4,277,851 | +€92,365 | +2.2% |
| Remuneration, social security and pensions | 62 | €1,718,050 | €1,668,431 | -€49,619 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,934 | €145,920 | -€18,014 | -11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50,654 | €2,388 | -€48,265 | -95.3% |
| Other operating charges | 640/8 | €9,167 | €11,882 | +€2,715 | +29.6% |
| Non-recurring operating charges | 66A | €48,340 | €100 | -€48,240 | -99.8% |
| Operating profit (loss) | 9901 | €1,333,509 | €1,673,854 | +€340,345 | +25.5% |
| Financial income | 75/76B | €130,524 | €30,831 | -€99,694 | -76.4% |
| Recurring financial income | 75 | €130,524 | €30,831 | -€99,694 | -76.4% |
| Other financial income | 752/9 | €130,524 | €30,831 | -€99,694 | -76.4% |
| Financial charges | 65/66B | €30,603 | €314,514 | +€283,911 | +927.7% |
| Recurring financial charges | 65 | €30,603 | €314,514 | +€283,911 | +927.7% |
| Debt charges | 650 | €6,224 | €7,433 | +€1,209 | +19.4% |
| Other financial charges | 652/9 | €24,379 | €307,081 | +€282,702 | +1159.6% |
| Profit (loss) for the period before taxes | 9903 | €1,433,431 | €1,390,170 | -€43,261 | -3.0% |
| Income taxes | 67/77 | €376,412 | €367,447 | -€8,965 | -2.4% |
| Taxes | 670/3 | €376,412 | €367,447 | -€8,965 | -2.4% |
| Profit (loss) for the period | 9904 | €1,057,018 | €1,022,723 | -€34,295 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,057,018 | €1,022,723 | -€34,295 | -3.2% |
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 2 October 2026 via checked.be.