KAPPERS D&A: 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.
KAPPERS D&A
Largest movements
- Receivables within one year -€5,498
down €5,498 (-73.5%), from €7,476 to €1,978
of which Other amounts receivable: -€7,013
- Cash +€5,428
up €5,428 (+38.3%), from €14,164 to €19,592
mainly Net result for the year (+€10,984) and Receivables within one year (+€5,498)
- Tangible fixed assets -€1,925
down €1,925 (-17.9%), from €10,728 to €8,803
- Stocks and contracts +€1,553
up €1,553 (+26.7%), from €5,809 to €7,362
- Deferred charges and accrued income +€516
up €516 (+73.8%), from €699 to €1,215
- Reserves +€10,984
up €10,984 (+380.1%), from €2,890 to €13,874
- Current portion of long-term debt -€7,226
no longer reported in 2025 (was €7,226)
- Other debts -€7,223
down €7,223 (-86.7%), from €8,334 to €1,111
- Tax, wage and social debts +€4,017
up €4,017 (+50.8%), from €7,915 to €11,932
of which Taxes: +€4,164
- Trade debts -€478
down €478 (-29.7%), from €1,611 to €1,133
- Gross operating margin +€6,970
up €6,970 (+39.7%), from €17,542 to €24,511
- Taxes +€4,501
up €4,501 (+1112.0%), from €405 to €4,906
- Other operating charges +€1,026
up €1,026 (+267.0%), from €384 to €1,411
- Financial charges -€348
down €348 (-43.8%), from €796 to €448
- Financial income -€347
down €347 (-57.5%), from €603 to €257
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 | €40,376 | €40,450 | +€74 | +0.2% |
| Fixed assets | 21/28 | €12,228 | €10,303 | -€1,925 | -15.7% |
| Tangible fixed assets | 22/27 | €10,728 | €8,803 | -€1,925 | -17.9% |
| Land and buildings | 22 | €1,734 | €1,520 | -€214 | -12.3% |
| Plant, machinery and equipment | 23 | €942 | €369 | -€573 | -60.8% |
| Furniture and vehicles | 24 | €1,615 | €1,285 | -€330 | -20.4% |
| Other tangible fixed assets | 26 | €6,437 | €5,628 | -€809 | -12.6% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €28,148 | €30,148 | +€2,000 | +7.1% |
| Stocks and contracts in progress | 3 | €5,809 | €7,362 | +€1,553 | +26.7% |
| Stocks | 30/36 | €5,809 | €7,362 | +€1,553 | +26.7% |
| Amounts receivable within one year | 40/41 | €7,476 | €1,978 | -€5,498 | -73.5% |
| Trade receivables | 40 | - | €1,515 | +€1,515 | |
| Other amounts receivable | 41 | €7,476 | €463 | -€7,013 | -93.8% |
| Cash at bank and in hand | 54/58 | €14,164 | €19,592 | +€5,428 | +38.3% |
| Deferred charges and accrued income | 490/1 | €699 | €1,215 | +€516 | +73.8% |
| Total equity and liabilities | 10/49 | €40,376 | €40,450 | +€74 | +0.2% |
| Equity | 10/15 | €15,290 | €26,274 | +€10,984 | +71.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,890 | €13,874 | +€10,984 | +380.1% |
| Distributable reserves | 133 | €2,890 | €13,874 | +€10,984 | +380.1% |
| Amounts payable | 17/49 | €25,086 | €14,176 | -€10,910 | -43.5% |
| Amounts payable within one year | 42/48 | €25,086 | €14,176 | -€10,910 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €7,226 | - | -€7,226 | |
| Trade debts | 44 | €1,611 | €1,133 | -€478 | -29.7% |
| Suppliers | 440/4 | €1,611 | €1,133 | -€478 | -29.7% |
| Taxes, remuneration and social security | 45 | €7,915 | €11,932 | +€4,017 | +50.8% |
| Taxes | 450/3 | €5,410 | €9,574 | +€4,164 | +77.0% |
| Remuneration and social security | 454/9 | €2,505 | €2,358 | -€147 | -5.9% |
| Other amounts payable | 47/48 | €8,334 | €1,111 | -€7,223 | -86.7% |
| Remuneration, social security and pensions | 62 | €5,047 | €5,094 | +€48 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,630 | €1,925 | +€295 | +18.1% |
| Other operating charges | 640/8 | €384 | €1,411 | +€1,026 | +267.0% |
| Gross operating margin | 9900 | €17,542 | €24,511 | +€6,970 | +39.7% |
| Operating profit (loss) | 9901 | €10,480 | €16,081 | +€5,601 | +53.4% |
| Financial income | 75/76B | €603 | €257 | -€347 | -57.5% |
| Recurring financial income | 75 | €603 | €257 | -€347 | -57.5% |
| Financial charges | 65/66B | €796 | €448 | -€348 | -43.8% |
| Recurring financial charges | 65 | €796 | €448 | -€348 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €10,287 | €15,890 | +€5,603 | +54.5% |
| Income taxes | 67/77 | €405 | €4,906 | +€4,501 | +1112.0% |
| Profit (loss) for the period | 9904 | €9,882 | €10,984 | +€1,102 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,882 | €10,984 | +€1,102 | +11.2% |
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 12 October 2026 via checked.be.