KAPPERS & CO.: what changed
What changed
KAPPERS & CO.
NACE 47.750, Retail sale of cosmetics and toilet articles
filed annual accounts (NBB)
Net result for the year
-€6,656
2024 · -€8,586+€1,930
Equity
€83,549
2024 · €113,790-€30,242
Cash
€75,286
2024 · -+€75,286
Balance sheet total
€143,948
2024 · €181,729-€37,781
Largest movements
Assets
- Current investments -€100,576
no longer reported in 2025 (was €100,576)
- Cash +€75,286
new in 2025: €75,286
mainly Current investments (+€100,576) and Depreciation (+€11,844)
- Tangible fixed assets -€11,110
down €11,110 (-18.0%), from €61,640 to €50,530
of which Land and buildings: -€10,312
- Deferred charges and accrued income -€2,029
down €2,029 (-20.1%), from €10,081 to €8,052
Equity and liabilities
- Reserves -€23,586
down €23,586 (-22.7%), from €103,784 to €80,199
- Profit (loss) carried forward -€6,656
down €6,656 (-77.5%), from -€8,586 to -€15,242
- Tax, wage and social debts -€4,136
down €4,136 (-44.8%), from €9,238 to €5,101
of which Taxes: -€3,521
- Debts after one year -€4,007
down €4,007 (-32.6%), from €12,276 to €8,270
Income statement
- Financial charges -€3,198
down €3,198 (-78.3%), from €4,084 to €887
- Financial income -€1,265
down €1,265 (-74.5%), from €1,699 to €434
of which Non-recurring financial income: -€1,050
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€8,586
Gross operating margin
-€57
Staff costs
-€94
Depreciation
+€104
Other operating charges
+€60
Financial income
-€1,265
Financial charges
+€3,198
Taxes
-€17
Result 2025
-€6,656
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2,839
Investment
+€99,842
Financing
-€27,395
Cash 2024
€0
From operations (derived)
+€2,839
Net result for the year
-€6,656
Depreciation
+€11,844
Stocks and contracts
-€698
Smaller working-capital items
+€226
Deferred charges and accrued income
+€2,029
Tax, wage and social debts
-€4,136
Other debts
-€502
Accrued charges and deferred income
+€731
Investment (derived)
+€99,842
Investment in fixed assets (net)
-€734
Current investments
+€100,576
Financing
-€27,395
Debts after one year
-€4,007
Current portion of long-term debt
+€198
Contributions, distributions and other
-€23,586
Cash 2025
€75,286
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,729 | €143,948 | -€37,781 | -20.8% |
| Fixed assets | 21/28 | €61,640 | €50,530 | -€11,110 | -18.0% |
| Tangible fixed assets | 22/27 | €61,640 | €50,530 | -€11,110 | -18.0% |
| Land and buildings | 22 | €58,575 | €48,263 | -€10,312 | -17.6% |
| Plant, machinery and equipment | 23 | €1,724 | €1,194 | -€530 | -30.7% |
| Furniture and vehicles | 24 | €1,341 | €1,073 | -€268 | -20.0% |
| Current assets | 29/58 | €120,089 | €93,418 | -€26,671 | -22.2% |
| Stocks and contracts in progress | 3 | €6,139 | €6,838 | +€698 | +11.4% |
| Stocks | 30/36 | €6,139 | €6,838 | +€698 | +11.4% |
| Amounts receivable within one year | 40/41 | €3,293 | €3,243 | -€51 | -1.5% |
| Trade receivables | 40 | €457 | €1,061 | +€604 | +132% |
| Other amounts receivable | 41 | €2,836 | €2,182 | -€654 | -23.1% |
| Current investments | 50/53 | €100,576 | - | -€100,576 | |
| Cash at bank and in hand | 54/58 | - | €75,286 | +€75,286 | |
| Deferred charges and accrued income | 490/1 | €10,081 | €8,052 | -€2,029 | -20.1% |
| Total equity and liabilities | 10/49 | €181,729 | €143,948 | -€37,781 | -20.8% |
| Equity | 10/15 | €113,790 | €83,549 | -€30,242 | -26.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €103,784 | €80,199 | -€23,586 | -22.7% |
| Distributable reserves | 133 | €103,784 | €80,199 | -€23,586 | -22.7% |
| Profit (loss) carried forward | 14 | -€8,586 | -€15,242 | -€6,656 | -77.5% |
| Amounts payable | 17/49 | €67,939 | €60,399 | -€7,540 | -11.1% |
| Amounts payable after more than one year | 17 | €12,276 | €8,270 | -€4,007 | -32.6% |
| Financial debts | 170/4 | €12,276 | €8,270 | -€4,007 | -32.6% |
| Amounts payable within one year | 42/48 | €55,663 | €51,398 | -€4,265 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €3,809 | €4,007 | +€198 | +5.2% |
| Trade debts | 44 | €3,260 | €3,436 | +€176 | +5.4% |
| Suppliers | 440/4 | €3,260 | €3,436 | +€176 | +5.4% |
| Taxes, remuneration and social security | 45 | €9,238 | €5,101 | -€4,136 | -44.8% |
| Taxes | 450/3 | €8,622 | €5,101 | -€3,521 | -40.8% |
| Remuneration and social security | 454/9 | €615 | - | -€615 | |
| Other amounts payable | 47/48 | €39,356 | €38,854 | -€502 | -1.3% |
| Accrued charges and deferred income | 492/3 | - | €731 | +€731 | |
| Remuneration, social security and pensions | 62 | €11,238 | €11,331 | +€94 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,948 | €11,844 | -€104 | -0.9% |
| Other operating charges | 640/8 | €1,485 | €1,425 | -€60 | -4.1% |
| Gross operating margin | 9900 | €18,852 | €18,795 | -€57 | -0.3% |
| Operating profit (loss) | 9901 | -€5,819 | -€5,805 | +€14 | +0.2% |
| Financial income | 75/76B | €1,699 | €434 | -€1,265 | -74.5% |
| Recurring financial income | 75 | €649 | €434 | -€215 | -33.1% |
| Non-recurring financial income | 76B | €1,050 | - | -€1,050 | |
| Financial charges | 65/66B | €4,084 | €887 | -€3,198 | -78.3% |
| Recurring financial charges | 65 | €4,084 | €887 | -€3,198 | -78.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,204 | -€6,257 | +€1,947 | +23.7% |
| Income taxes | 67/77 | €382 | €399 | +€17 | +4.4% |
| Profit (loss) for the period | 9904 | -€8,586 | -€6,656 | +€1,930 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,586 | -€6,656 | +€1,930 | +22.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.