Kapparo: 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.
Kapparo
Largest movements
- Receivables within one year +€88,151
up €88,151 (+255.5%), from €34,506 to €122,657
of which Other amounts receivable: +€95,361
- Cash -€40,682
down €40,682 (-41.0%), from €99,327 to €58,645
mainly Receivables within one year (-€88,151) and Other debts (-€6,565)
- Tangible fixed assets -€3,275
down €3,275 (-98.8%), from €3,313 to €38
- Reserves +€52,178
up €52,178 (+48.3%), from €108,128 to €160,306
- Other debts -€6,565
down €6,565 (-42.4%), from €15,482 to €8,917
- Gross operating margin +€4,342
up €4,342 (+6.5%), from €66,752 to €71,094
- Taxes +€1,139
up €1,139 (+8.7%), from €13,143 to €14,283
- Financial charges -€763
down €763 (-47.8%), from €1,598 to €834
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 | €137,296 | €181,960 | +€44,664 | +32.5% |
| Fixed assets | 21/28 | €3,313 | €38 | -€3,275 | -98.8% |
| Tangible fixed assets | 22/27 | €3,313 | €38 | -€3,275 | -98.8% |
| Furniture and vehicles | 24 | €3,313 | €38 | -€3,275 | -98.8% |
| Current assets | 29/58 | €133,983 | €181,922 | +€47,939 | +35.8% |
| Amounts receivable within one year | 40/41 | €34,506 | €122,657 | +€88,151 | +255.5% |
| Trade receivables | 40 | €24,150 | €16,940 | -€7,210 | -29.9% |
| Other amounts receivable | 41 | €10,357 | €105,717 | +€95,361 | +920.8% |
| Cash at bank and in hand | 54/58 | €99,327 | €58,645 | -€40,682 | -41.0% |
| Deferred charges and accrued income | 490/1 | €150 | €619 | +€470 | +313.7% |
| Total equity and liabilities | 10/49 | €137,296 | €181,960 | +€44,664 | +32.5% |
| Equity | 10/15 | €113,128 | €165,306 | +€52,178 | +46.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €108,128 | €160,306 | +€52,178 | +48.3% |
| Distributable reserves | 133 | €108,128 | €160,306 | +€52,178 | +48.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €24,168 | €16,654 | -€7,514 | -31.1% |
| Amounts payable within one year | 42/48 | €24,168 | €16,654 | -€7,514 | -31.1% |
| Trade debts | 44 | €398 | €185 | -€213 | -53.6% |
| Suppliers | 440/4 | €398 | €185 | -€213 | -53.6% |
| Taxes, remuneration and social security | 45 | €8,288 | €7,552 | -€736 | -8.9% |
| Taxes | 450/3 | €6,288 | €7,552 | +€1,264 | +20.1% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100.0% |
| Other amounts payable | 47/48 | €15,482 | €8,917 | -€6,565 | -42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,275 | €3,275 | -€0 | 0.0% |
| Other operating charges | 640/8 | €508 | €524 | +€16 | +3.2% |
| Gross operating margin | 9900 | €66,752 | €71,094 | +€4,342 | +6.5% |
| Operating profit (loss) | 9901 | €62,969 | €67,295 | +€4,326 | +6.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,598 | €834 | -€763 | -47.8% |
| Recurring financial charges | 65 | €1,598 | €834 | -€763 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €61,371 | €66,461 | +€5,090 | +8.3% |
| Income taxes | 67/77 | €13,143 | €14,283 | +€1,139 | +8.7% |
| Profit (loss) for the period | 9904 | €48,228 | €52,178 | +€3,950 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,228 | €52,178 | +€3,950 | +8.2% |
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 4 October 2026 via checked.be.