KAPPER RAMZI: 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.
KAPPER RAMZI
Largest movements
- Receivables within one year -€11,171
no longer reported in 2025 (was €11,171)
- Cash -€969
down €969 (-8.2%), from €11,853 to €10,884
mainly Advances received (-€10,020) and Trade debts (-€4,201)
- Tangible fixed assets -€600
down €600 (-24.6%), from €2,434 to €1,834
- Advances received -€10,020
no longer reported in 2025 (was €10,020)
- Trade debts -€4,201
down €4,201 (-56.3%), from €7,458 to €3,258
- Tax, wage and social debts +€996
up €996 (+147%), from €679 to €1,675
- Profit (loss) carried forward +€769
up €769 (+6.5%), from -€11,916 to -€11,147
- Other debts -€284
down €284 (-60.2%), from €472 to €188
- Gross operating margin -€11,778
down €11,778 (-80.4%), from €14,656 to €2,878
- Staff costs -€11,358
no longer reported in 2025 (was €11,358)
- Other operating charges -€328
down €328 (-35.6%), from €921 to €593
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.
Derived cash bridge
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 | €25,459 | €12,719 | -€12,740 | -50.0% |
| Fixed assets | 21/28 | €2,434 | €1,834 | -€600 | -24.6% |
| Tangible fixed assets | 22/27 | €2,434 | €1,834 | -€600 | -24.6% |
| Furniture and vehicles | 24 | €2,434 | €1,834 | -€600 | -24.6% |
| Current assets | 29/58 | €23,024 | €10,884 | -€12,140 | -52.7% |
| Amounts receivable within one year | 40/41 | €11,171 | - | -€11,171 | |
| Trade receivables | 40 | €11,171 | - | -€11,171 | |
| Cash at bank and in hand | 54/58 | €11,853 | €10,884 | -€969 | -8.2% |
| Total equity and liabilities | 10/49 | €25,459 | €12,719 | -€12,740 | -50.0% |
| Equity | 10/15 | €6,829 | €7,598 | +€769 | +11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €144 | €144 | = | 0.0% |
| Non-distributable reserves | 130/1 | €144 | €144 | = | 0.0% |
| Reserves not available under the articles | 1311 | €144 | €144 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,916 | -€11,147 | +€769 | +6.5% |
| Amounts payable | 17/49 | €18,630 | €5,121 | -€13,509 | -72.5% |
| Amounts payable within one year | 42/48 | €18,630 | €5,121 | -€13,509 | -72.5% |
| Trade debts | 44 | €7,458 | €3,258 | -€4,201 | -56.3% |
| Suppliers | 440/4 | €7,458 | €3,258 | -€4,201 | -56.3% |
| Advances received on contracts in progress | 46 | €10,020 | - | -€10,020 | |
| Taxes, remuneration and social security | 45 | €679 | €1,675 | +€996 | +147% |
| Taxes | 450/3 | €679 | €1,675 | +€996 | +147% |
| Other amounts payable | 47/48 | €472 | €188 | -€284 | -60.2% |
| Remuneration, social security and pensions | 62 | €11,358 | - | -€11,358 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €566 | €600 | +€34 | +6.1% |
| Other operating charges | 640/8 | €921 | €593 | -€328 | -35.6% |
| Gross operating margin | 9900 | €14,656 | €2,878 | -€11,778 | -80.4% |
| Operating profit (loss) | 9901 | €1,812 | €1,685 | -€127 | -7.0% |
| Financial charges | 65/66B | €1,005 | €916 | -€89 | -8.9% |
| Recurring financial charges | 65 | €1,005 | €916 | -€89 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €807 | €769 | -€38 | -4.7% |
| Profit (loss) for the period | 9904 | €807 | €769 | -€38 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €807 | €769 | -€38 | -4.7% |
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 13 October 2026 via checked.be.