KAPPER JOS: 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 JOS
Largest movements
- Tangible fixed assets -€13,444
down €13,444 (-6.7%), from €201,912 to €188,468
of which Land and buildings: -€12,023
- Cash +€7,075
up €7,075 (+206.1%), from €3,434 to €10,509
mainly Net result for the year (+€14,416) and Depreciation (+€13,444)
- Receivables within one year -€2,150
down €2,150 (-89.7%), from €2,397 to €247
of which Trade receivables: -€2,177
- Debts after one year -€20,074
down €20,074 (-49.8%), from €40,310 to €20,236
- Reserves +€14,416
up €14,416 (+51.4%), from €28,051 to €42,466
- Other debts -€11,135
down €11,135 (-12.9%), from €86,553 to €75,418
- Tax, wage and social debts +€6,959
up €6,959 (+55.0%), from €12,643 to €19,602
of which Remuneration and social security: +€4,320
- Gross operating margin +€13,629
up €13,629 (+14.6%), from €93,082 to €106,711
- Staff costs +€8,952
up €8,952 (+15.4%), from €58,085 to €67,037
- Taxes +€1,631
up €1,631 (+37.2%), from €4,384 to €6,015
- Financial charges -€1,093
down €1,093 (-23.2%), from €4,709 to €3,616
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 | €211,857 | €203,352 | -€8,506 | -4.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €202,210 | €188,766 | -€13,444 | -6.6% |
| Tangible fixed assets | 22/27 | €201,912 | €188,468 | -€13,444 | -6.7% |
| Land and buildings | 22 | €185,131 | €173,109 | -€12,023 | -6.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €16,781 | €15,360 | -€1,421 | -8.5% |
| Financial fixed assets | 28 | €298 | €298 | = | 0.0% |
| Current assets | 29/58 | €9,647 | €14,586 | +€4,939 | +51.2% |
| Stocks and contracts in progress | 3 | €3,816 | €3,829 | +€13 | +0.3% |
| Stocks | 30/36 | €3,816 | €3,829 | +€13 | +0.3% |
| Amounts receivable within one year | 40/41 | €2,397 | €247 | -€2,150 | -89.7% |
| Trade receivables | 40 | €2,397 | €221 | -€2,177 | -90.8% |
| Other amounts receivable | 41 | - | €27 | +€27 | |
| Cash at bank and in hand | 54/58 | €3,434 | €10,509 | +€7,075 | +206.1% |
| Total equity and liabilities | 10/49 | €211,857 | €203,352 | -€8,506 | -4.0% |
| Equity | 10/15 | €46,651 | €61,066 | +€14,416 | +30.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,051 | €42,466 | +€14,416 | +51.4% |
| Distributable reserves | 133 | €28,051 | €42,466 | +€14,416 | +51.4% |
| Amounts payable | 17/49 | €165,207 | €142,286 | -€22,921 | -13.9% |
| Amounts payable after more than one year | 17 | €40,310 | €20,236 | -€20,074 | -49.8% |
| Financial debts | 170/4 | €40,310 | €20,236 | -€20,074 | -49.8% |
| Amounts payable within one year | 42/48 | €124,897 | €122,049 | -€2,848 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €19,574 | €20,581 | +€1,006 | +5.1% |
| Trade debts | 44 | €6,126 | €6,449 | +€323 | +5.3% |
| Suppliers | 440/4 | €6,126 | €6,449 | +€323 | +5.3% |
| Taxes, remuneration and social security | 45 | €12,643 | €19,602 | +€6,959 | +55.0% |
| Taxes | 450/3 | €5,031 | €7,670 | +€2,639 | +52.5% |
| Remuneration and social security | 454/9 | €7,612 | €11,932 | +€4,320 | +56.8% |
| Other amounts payable | 47/48 | €86,553 | €75,418 | -€11,135 | -12.9% |
| Non-recurring operating income | 76A | €3,814 | - | -€3,814 | |
| Remuneration, social security and pensions | 62 | €58,085 | €67,037 | +€8,952 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,444 | €13,444 | = | 0.0% |
| Other operating charges | 640/8 | €2,179 | €2,188 | +€10 | +0.4% |
| Gross operating margin | 9900 | €93,082 | €106,711 | +€13,629 | +14.6% |
| Operating profit (loss) | 9901 | €19,374 | €24,042 | +€4,667 | +24.1% |
| Financial income | 75/76B | €4 | €5 | +€1 | +18.8% |
| Recurring financial income | 75 | €4 | €5 | +€1 | +18.8% |
| Financial charges | 65/66B | €4,709 | €3,616 | -€1,093 | -23.2% |
| Recurring financial charges | 65 | €4,709 | €3,616 | -€1,093 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €14,669 | €20,431 | +€5,761 | +39.3% |
| Income taxes | 67/77 | €4,384 | €6,015 | +€1,631 | +37.2% |
| Profit (loss) for the period | 9904 | €10,286 | €14,416 | +€4,130 | +40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,286 | €14,416 | +€4,130 | +40.2% |
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.