Kappa Data Holding: 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.
What changed
Kappa Data Holding
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.3m-€178,536
Equity
€7.8m
2024 · €7.4m+€394,003
Cash
€359,756
2024 · €982,743-€622,987
Balance sheet total
€9.0m
2024 · €8.4m+€564,729
Largest movements
Assets
- Financial fixed assets +€719,021
up €719,021 (+10.7%), from €6.7m to €7.4m
- Cash -€622,987
down €622,987 (-63.4%), from €982,743 to €359,756
mainly Investment in fixed assets (net) (-€792,892) and Contributions, distributions and other (-€734,381)
- Receivables within one year +€501,219
up €501,219 (+143%), from €349,632 to €850,851
of which Other amounts receivable: +€649,295
Equity and liabilities
- Reserves +€394,003
up €394,003 (+12.3%), from €3.2m to €3.6m
of which Distributable reserves: +€394,003
- Current portion of long-term debt +€372,878
up €372,878 (+101%), from €368,784 to €741,663
- Debts after one year -€167,046
down €167,046 (-37.0%), from €451,878 to €284,832
Income statement
- Staff costs +€288,877
up €288,877 (+42.8%), from €675,100 to €963,978
- Turnover +€79,341
up €79,341 (+4.0%), from €2.0m to €2.1m
- Services and other goods -€55,467
down €55,467 (-4.5%), from €1.2m to €1.2m
- Financial charges +€38,252
up €38,252 (+254%), from €15,076 to €53,328
- Other operating income +€33,877
up €33,877 (+324%), from €10,455 to €44,332
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
€1.3m
Turnover
+€79,341
Other operating income
+€33,877
Goods and materials
-€212
Services and other goods
+€55,467
Staff costs
-€288,877
Depreciation
-€11,826
Other operating charges
-€1,371
Other operating items
-€717
Financial income
-€5,736
Financial charges
-€38,252
Taxes
-€231
Result 2025
€1.1m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€698,455
Investment
-€792,892
Financing
-€528,549
Cash 2024
€982,743
From operations (derived)
+€698,455
Net result for the year
+€1.1m
Depreciation
+€133,294
Receivables within one year
-€501,219
Deferred charges and accrued income
-€26,899
Trade debts
-€72,611
Tax, wage and social debts
+€37,505
Investment (derived)
-€792,892
Investment in fixed assets (net)
-€792,892
Financing
-€528,549
Debts after one year
-€167,046
Current portion of long-term debt
+€372,878
Contributions, distributions and other
-€734,381
Cash 2025
€359,756
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,441,788 | €9,006,517 | +€564,729 | +6.7% |
| Fixed assets | 21/28 | €7,080,834 | €7,740,432 | +€659,598 | +9.3% |
| Intangible fixed assets | 21 | €378,072 | €318,649 | -€59,423 | -15.7% |
| Financial fixed assets | 28 | €6,702,762 | €7,421,783 | +€719,021 | +10.7% |
| Affiliated companies | 280/1 | €6,702,762 | €7,421,783 | +€719,021 | +10.7% |
| Participating interests | 280 | €6,702,762 | €7,421,783 | +€719,021 | +10.7% |
| Current assets | 29/58 | €1,360,953 | €1,266,085 | -€94,869 | -7.0% |
| Amounts receivable within one year | 40/41 | €349,632 | €850,851 | +€501,219 | +143% |
| Trade receivables | 40 | €339,415 | €191,339 | -€148,076 | -43.6% |
| Other amounts receivable | 41 | €10,217 | €659,512 | +€649,295 | +6,355% |
| Cash at bank and in hand | 54/58 | €982,743 | €359,756 | -€622,987 | -63.4% |
| Deferred charges and accrued income | 490/1 | €28,579 | €55,478 | +€26,899 | +94.1% |
| Total equity and liabilities | 10/49 | €8,441,788 | €9,006,517 | +€564,729 | +6.7% |
| Equity | 10/15 | €7,388,756 | €7,782,759 | +€394,003 | +5.3% |
| Contributions | 10/11 | €4,195,459 | €4,195,459 | = | 0.0% |
| Reserves | 13 | €3,193,297 | €3,587,300 | +€394,003 | +12.3% |
| Non-distributable reserves | 130/1 | €25,393 | €25,393 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,393 | €25,393 | = | 0.0% |
| Distributable reserves | 133 | €3,167,905 | €3,561,907 | +€394,003 | +12.4% |
| Amounts payable | 17/49 | €1,053,031 | €1,223,758 | +€170,727 | +16.2% |
| Amounts payable after more than one year | 17 | €451,878 | €284,832 | -€167,046 | -37.0% |
| Financial debts | 170/4 | €451,878 | €284,832 | -€167,046 | -37.0% |
| Credit institutions | 173 | €451,878 | €78,190 | -€373,687 | -82.7% |
| Other loans | 174 | - | €206,641 | +€206,641 | |
| Amounts payable within one year | 42/48 | €601,154 | €938,927 | +€337,773 | +56.2% |
| Current portion of amounts payable after more than one year | 42 | €368,784 | €741,663 | +€372,878 | +101% |
| Trade debts | 44 | €156,139 | €83,528 | -€72,611 | -46.5% |
| Suppliers | 440/4 | €156,139 | €83,528 | -€72,611 | -46.5% |
| Taxes, remuneration and social security | 45 | €76,230 | €113,736 | +€37,505 | +49.2% |
| Taxes | 450/3 | €60 | €3,828 | +€3,769 | +6,320% |
| Remuneration and social security | 454/9 | €76,170 | €109,907 | +€33,737 | +44.3% |
| Operating income | 70/76A | €1,987,301 | €2,099,849 | +€112,548 | +5.7% |
| Turnover | 70 | €1,976,176 | €2,055,517 | +€79,341 | +4.0% |
| Other operating income | 74 | €10,455 | €44,332 | +€33,877 | +324% |
| Non-recurring operating income | 76A | €671 | - | -€671 | |
| Operating charges | 60/66A | €2,022,533 | €2,269,397 | +€246,865 | +12.2% |
| Goods for resale, raw materials and consumables | 60 | - | €212 | +€212 | |
| Purchases | 600/8 | - | €212 | +€212 | |
| Services and other goods | 61 | €1,225,075 | €1,169,608 | -€55,467 | -4.5% |
| Remuneration, social security and pensions | 62 | €675,100 | €963,978 | +€288,877 | +42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,468 | €133,294 | +€11,826 | +9.7% |
| Other operating charges | 640/8 | €890 | €2,260 | +€1,371 | +154% |
| Non-recurring operating charges | 66A | - | €46 | +€46 | |
| Operating profit (loss) | 9901 | -€35,232 | -€169,548 | -€134,317 | -381% |
| Financial income | 75/76B | €1,357,988 | €1,352,252 | -€5,736 | -0.4% |
| Recurring financial income | 75 | €1,357,988 | €1,352,252 | -€5,736 | -0.4% |
| Income from financial fixed assets | 750 | €1,357,339 | €1,323,790 | -€33,549 | -2.5% |
| Income from current assets | 751 | - | €28,462 | +€28,462 | |
| Other financial income | 752/9 | €649 | - | -€649 | |
| Financial charges | 65/66B | €15,076 | €53,328 | +€38,252 | +254% |
| Recurring financial charges | 65 | €15,076 | €53,328 | +€38,252 | +254% |
| Debt charges | 650 | €10,572 | €33,654 | +€23,082 | +218% |
| Other financial charges | 652/9 | €4,504 | €19,674 | +€15,170 | +337% |
| Profit (loss) for the period before taxes | 9903 | €1,307,680 | €1,129,375 | -€178,305 | -13.6% |
| Income taxes | 67/77 | €761 | €992 | +€231 | +30.4% |
| Taxes | 670/3 | €761 | €992 | +€231 | +30.4% |
| Profit (loss) for the period | 9904 | €1,306,919 | €1,128,383 | -€178,536 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,306,919 | €1,128,383 | -€178,536 | -13.7% |
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 29 October 2026 via checked.be.