KAPPATECH: 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.
KAPPATECH
Largest movements
- Tangible fixed assets -€23,017
down €23,017 (-22.4%), from €102,657 to €79,639
of which Furniture and vehicles: -€23,125
- Cash +€21,655
up €21,655 (+85.5%), from €25,331 to €46,986
mainly Net result for the year (+€134,086) and Depreciation (+€31,302)
- Receivables within one year +€13,273
up €13,273 (+4.0%), from €335,509 to €348,783
of which Trade receivables: +€16,372
- Profit (loss) carried forward +€134,086
up €134,086 (+63.1%), from €212,441 to €346,527
- Trade debts -€129,975
down €129,975 (-65.9%), from €197,283 to €67,308
- Tax, wage and social debts +€16,946
up €16,946 (+44.9%), from €37,717 to €54,663
of which Taxes: +€18,267
- Debts after one year -€6,236
no longer reported in 2025 (was €6,236)
- Gross operating margin +€61,425
up €61,425 (+36.0%), from €170,504 to €231,929
- Taxes +€18,267
up €18,267 (+56.6%), from €32,250 to €50,517
- Staff costs +€9,663
up €9,663 (+311.4%), from €3,103 to €12,766
- Depreciation +€7,967
up €7,967 (+34.1%), from €23,334 to €31,302
- Other operating charges -€3,046
down €3,046 (-60.0%), from €5,074 to €2,028
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 | €467,100 | €480,369 | +€13,269 | +2.8% |
| Fixed assets | 21/28 | €104,273 | €81,256 | -€23,017 | -22.1% |
| Tangible fixed assets | 22/27 | €102,657 | €79,639 | -€23,017 | -22.4% |
| Plant, machinery and equipment | 23 | €8,197 | €8,304 | +€107 | +1.3% |
| Furniture and vehicles | 24 | €94,459 | €71,335 | -€23,125 | -24.5% |
| Financial fixed assets | 28 | €1,617 | €1,617 | = | 0.0% |
| Current assets | 29/58 | €362,826 | €399,113 | +€36,287 | +10.0% |
| Amounts receivable within one year | 40/41 | €335,509 | €348,783 | +€13,273 | +4.0% |
| Trade receivables | 40 | €319,452 | €335,825 | +€16,372 | +5.1% |
| Other amounts receivable | 41 | €16,057 | €12,958 | -€3,099 | -19.3% |
| Cash at bank and in hand | 54/58 | €25,331 | €46,986 | +€21,655 | +85.5% |
| Deferred charges and accrued income | 490/1 | €1,986 | €3,345 | +€1,358 | +68.4% |
| Total equity and liabilities | 10/49 | €467,100 | €480,369 | +€13,269 | +2.8% |
| Equity | 10/15 | €214,441 | €348,527 | +€134,086 | +62.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €212,441 | €346,527 | +€134,086 | +63.1% |
| Amounts payable | 17/49 | €252,658 | €131,841 | -€120,817 | -47.8% |
| Amounts payable after more than one year | 17 | €6,236 | - | -€6,236 | |
| Financial debts | 170/4 | €6,236 | - | -€6,236 | |
| Amounts payable within one year | 42/48 | €246,422 | €131,841 | -€114,580 | -46.5% |
| Current portion of amounts payable after more than one year | 42 | €10,226 | €6,236 | -€3,990 | -39.0% |
| Trade debts | 44 | €197,283 | €67,308 | -€129,975 | -65.9% |
| Suppliers | 440/4 | €197,283 | €67,308 | -€129,975 | -65.9% |
| Taxes, remuneration and social security | 45 | €37,717 | €54,663 | +€16,946 | +44.9% |
| Taxes | 450/3 | €32,250 | €50,517 | +€18,267 | +56.6% |
| Remuneration and social security | 454/9 | €5,467 | €4,147 | -€1,321 | -24.2% |
| Other amounts payable | 47/48 | €1,195 | €3,634 | +€2,439 | +204.1% |
| Remuneration, social security and pensions | 62 | €3,103 | €12,766 | +€9,663 | +311.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,334 | €31,302 | +€7,967 | +34.1% |
| Other operating charges | 640/8 | €5,074 | €2,028 | -€3,046 | -60.0% |
| Gross operating margin | 9900 | €170,504 | €231,929 | +€61,425 | +36.0% |
| Operating profit (loss) | 9901 | €138,992 | €185,834 | +€46,842 | +33.7% |
| Financial income | 75/76B | €12 | €12 | -€0 | -3.8% |
| Recurring financial income | 75 | €12 | €12 | -€0 | -3.8% |
| Financial charges | 65/66B | €1,952 | €1,243 | -€709 | -36.3% |
| Recurring financial charges | 65 | €1,952 | €1,243 | -€709 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €137,053 | €184,603 | +€47,550 | +34.7% |
| Income taxes | 67/77 | €32,250 | €50,517 | +€18,267 | +56.6% |
| Profit (loss) for the period | 9904 | €104,803 | €134,086 | +€29,283 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €104,803 | €134,086 | +€29,283 | +27.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.