KAPPA ONE: 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.
KAPPA ONE
Largest movements
- Receivables within one year +€63,767
up €63,767 (+237.3%), from €26,874 to €90,641
of which Trade receivables: +€66,350
- Cash +€40,893
up €40,893 (+190.3%), from €21,493 to €62,386
mainly Net result for the year (+€39,629) and Tax, wage and social debts (+€39,528)
- Tangible fixed assets -€7,143
down €7,143 (-28.9%), from €24,725 to €17,582
of which Furniture and vehicles: -€9,861
- Intangible fixed assets -€4,223
down €4,223 (-28.3%), from €14,905 to €10,682
- Profit (loss) carried forward +€39,629
up €39,629 (+84.6%), from €46,830 to €86,459
- Tax, wage and social debts +€39,528
up €39,528 (+159.5%), from €24,781 to €64,309
- Trade debts +€11,773
up €11,773 (+61.2%), from €19,242 to €31,015
- Current portion of long-term debt -€6,237
down €6,237 (-72.8%), from €8,568 to €2,331
- Advances received +€5,725
new in 2025: €5,725
- Other operating charges +€28,908
up €28,908 (+4588.8%), from €630 to €29,538
- Gross operating margin -€15,340
down €15,340 (-12.6%), from €121,487 to €106,147
- Depreciation +€4,293
up €4,293 (+31.3%), from €13,712 to €18,005
- Taxes -€2,520
down €2,520 (-12.4%), from €20,343 to €17,823
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 | €108,829 | €201,628 | +€92,799 | +85.3% |
| Fixed assets | 21/28 | €59,630 | €48,264 | -€11,366 | -19.1% |
| Intangible fixed assets | 21 | €14,905 | €10,682 | -€4,223 | -28.3% |
| Tangible fixed assets | 22/27 | €24,725 | €17,582 | -€7,143 | -28.9% |
| Plant, machinery and equipment | 23 | - | €2,718 | +€2,718 | |
| Furniture and vehicles | 24 | €24,725 | €14,864 | -€9,861 | -39.9% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €49,199 | €153,364 | +€104,165 | +211.7% |
| Amounts receivable within one year | 40/41 | €26,874 | €90,641 | +€63,767 | +237.3% |
| Trade receivables | 40 | €24,291 | €90,641 | +€66,350 | +273.1% |
| Other amounts receivable | 41 | €2,583 | - | -€2,583 | |
| Cash at bank and in hand | 54/58 | €21,493 | €62,386 | +€40,893 | +190.3% |
| Deferred charges and accrued income | 490/1 | €833 | €337 | -€496 | -59.5% |
| Total equity and liabilities | 10/49 | €108,829 | €201,628 | +€92,799 | +85.3% |
| Equity | 10/15 | €54,030 | €93,659 | +€39,629 | +73.3% |
| Contributions | 10/11 | €7,200 | €7,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,830 | €86,459 | +€39,629 | +84.6% |
| Amounts payable | 17/49 | €54,799 | €107,969 | +€53,170 | +97.0% |
| Amounts payable after more than one year | 17 | €2,208 | - | -€2,208 | |
| Financial debts | 170/4 | €2,208 | - | -€2,208 | |
| Amounts payable within one year | 42/48 | €52,591 | €107,969 | +€55,378 | +105.3% |
| Current portion of amounts payable after more than one year | 42 | €8,568 | €2,331 | -€6,237 | -72.8% |
| Trade debts | 44 | €19,242 | €31,015 | +€11,773 | +61.2% |
| Suppliers | 440/4 | €19,242 | €31,015 | +€11,773 | +61.2% |
| Advances received on contracts in progress | 46 | - | €5,725 | +€5,725 | |
| Taxes, remuneration and social security | 45 | €24,781 | €64,309 | +€39,528 | +159.5% |
| Taxes | 450/3 | €24,781 | €64,309 | +€39,528 | +159.5% |
| Other amounts payable | 47/48 | - | €4,589 | +€4,589 | |
| Non-recurring operating income | 76A | - | €5,769 | +€5,769 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,712 | €18,005 | +€4,293 | +31.3% |
| Other operating charges | 640/8 | €630 | €29,538 | +€28,908 | +4588.8% |
| Gross operating margin | 9900 | €121,487 | €106,147 | -€15,340 | -12.6% |
| Operating profit (loss) | 9901 | €107,146 | €58,604 | -€48,542 | -45.3% |
| Financial income | 75/76B | €652 | €1 | -€651 | -99.8% |
| Recurring financial income | 75 | €652 | €1 | -€651 | -99.8% |
| Financial charges | 65/66B | €1,314 | €1,153 | -€161 | -12.2% |
| Recurring financial charges | 65 | €1,314 | €1,153 | -€161 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €106,484 | €57,452 | -€49,032 | -46.0% |
| Income taxes | 67/77 | €20,343 | €17,823 | -€2,520 | -12.4% |
| Profit (loss) for the period | 9904 | €86,140 | €39,629 | -€46,511 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €86,140 | €39,629 | -€46,511 | -54.0% |
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 12 October 2026 via checked.be.