KAPPER JOOSSEN: 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.
KAPPER JOOSSEN
Largest movements
- Current investments +€40,000
new in 2025: €40,000
- Cash -€23,812
down €23,812 (-22.5%), from €105,653 to €81,841
mainly Current investments (-€40,000) and Contributions, distributions and other (-€12,500)
- Tangible fixed assets -€9,122
down €9,122 (-23.0%), from €39,740 to €30,619
of which Land and buildings: -€12,483
- Receivables within one year -€6,924
down €6,924 (-100.0%), from €6,924 to €0
- Debts after one year -€7,223
down €7,223 (-33.5%), from €21,530 to €14,307
- Reserves +€6,200
up €6,200 (+7.1%), from €87,000 to €93,200
- Tax, wage and social debts +€2,443
up €2,443 (+21.5%), from €11,369 to €13,812
of which Taxes: +€1,959
- Gross operating margin +€10,740
up €10,740 (+12.2%), from €88,082 to €98,822
- Taxes +€4,164
up €4,164 (+82.5%), from €5,049 to €9,213
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 | €154,263 | €156,303 | +€2,039 | +1.3% |
| Fixed assets | 21/28 | €39,740 | €30,619 | -€9,122 | -23.0% |
| Tangible fixed assets | 22/27 | €39,740 | €30,619 | -€9,122 | -23.0% |
| Land and buildings | 22 | €38,983 | €26,500 | -€12,483 | -32.0% |
| Plant, machinery and equipment | 23 | €527 | €4,119 | +€3,592 | +682.1% |
| Furniture and vehicles | 24 | €231 | €0 | -€231 | -100.0% |
| Current assets | 29/58 | €114,523 | €125,684 | +€11,161 | +9.7% |
| Stocks and contracts in progress | 3 | €1,833 | €2,405 | +€572 | +31.2% |
| Stocks | 30/36 | €1,833 | €2,405 | +€572 | +31.2% |
| Amounts receivable within one year | 40/41 | €6,924 | €0 | -€6,924 | -100.0% |
| Other amounts receivable | 41 | €6,924 | €0 | -€6,924 | -100.0% |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €105,653 | €81,841 | -€23,812 | -22.5% |
| Deferred charges and accrued income | 490/1 | €114 | €1,438 | +€1,324 | +1161.5% |
| Total equity and liabilities | 10/49 | €154,263 | €156,303 | +€2,039 | +1.3% |
| Equity | 10/15 | €110,697 | €116,941 | +€6,244 | +5.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €87,000 | €93,200 | +€6,200 | +7.1% |
| Distributable reserves | 133 | €87,000 | €93,200 | +€6,200 | +7.1% |
| Profit (loss) carried forward | 14 | €3,697 | €3,741 | +€44 | +1.2% |
| Amounts payable | 17/49 | €43,566 | €39,362 | -€4,204 | -9.7% |
| Amounts payable after more than one year | 17 | €21,530 | €14,307 | -€7,223 | -33.5% |
| Financial debts | 170/4 | €21,530 | €14,307 | -€7,223 | -33.5% |
| Amounts payable within one year | 42/48 | €22,036 | €25,055 | +€3,019 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €6,841 | €7,223 | +€382 | +5.6% |
| Trade debts | 44 | €3,826 | €3,873 | +€47 | +1.2% |
| Suppliers | 440/4 | €3,826 | €3,873 | +€47 | +1.2% |
| Taxes, remuneration and social security | 45 | €11,369 | €13,812 | +€2,443 | +21.5% |
| Taxes | 450/3 | €7,802 | €9,762 | +€1,959 | +25.1% |
| Remuneration and social security | 454/9 | €3,566 | €4,050 | +€484 | +13.6% |
| Other amounts payable | 47/48 | - | €147 | +€147 | |
| Remuneration, social security and pensions | 62 | €52,486 | €53,233 | +€747 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,964 | €13,264 | -€700 | -5.0% |
| Other operating charges | 640/8 | €2,523 | €2,601 | +€78 | +3.1% |
| Gross operating margin | 9900 | €88,082 | €98,822 | +€10,740 | +12.2% |
| Operating profit (loss) | 9901 | €19,109 | €29,724 | +€10,615 | +55.6% |
| Financial income | 75/76B | €607 | €123 | -€484 | -79.7% |
| Recurring financial income | 75 | €607 | €123 | -€484 | -79.7% |
| Financial charges | 65/66B | €2,250 | €1,890 | -€360 | -16.0% |
| Recurring financial charges | 65 | €2,250 | €1,890 | -€360 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €17,466 | €27,957 | +€10,491 | +60.1% |
| Income taxes | 67/77 | €5,049 | €9,213 | +€4,164 | +82.5% |
| Profit (loss) for the period | 9904 | €12,416 | €18,744 | +€6,327 | +51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,416 | €18,744 | +€6,327 | +51.0% |
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 30 September 2026 via checked.be.