Kapreno: 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.
Kapreno
Largest movements
- Receivables within one year +€111,021
up €111,021 (+1,527%), from €7,272 to €118,293
of which Trade receivables: +€110,061
- Cash -€82,136
no longer reported in 2025 (was €82,136)
mainly Receivables within one year (-€111,021) and Investment in fixed assets (net) (-€57,093)
- Tangible fixed assets +€42,467
up €42,467 (+464%), from €9,149 to €51,616
of which Furniture and vehicles: +€46,893
- Deferred charges and accrued income +€37,337
up €37,337 (+3,045%), from €1,226 to €38,563
- Stocks and contracts +€33,013
up €33,013 (+472%), from €6,987 to €40,000
- Trade debts +€51,522
up €51,522 (+887%), from €5,807 to €57,329
- Debts after one year +€40,235
new in 2025: €40,235
- Tax, wage and social debts +€14,164
up €14,164 (+99.5%), from €14,235 to €28,399
of which Remuneration and social security: +€7,500
- Current portion of long-term debt +€13,329
new in 2025: €13,329
- Reserves +€9,000
up €9,000 (+22.0%), from €40,850 to €49,850
- Gross operating margin +€15,233
up €15,233 (+80.0%), from €19,048 to €34,281
- Depreciation +€4,833
up €4,833 (+49.4%), from €9,793 to €14,626
- Financial charges +€3,141
up €3,141 (+1,647%), from €191 to €3,332
- Other operating charges -€2,384
down €2,384 (-42.2%), from €5,643 to €3,259
- Taxes +€2,027
up €2,027 (+96.5%), from €2,100 to €4,127
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 | €106,771 | €248,472 | +€141,702 | +133% |
| Fixed assets | 21/28 | €9,149 | €51,616 | +€42,467 | +464% |
| Tangible fixed assets | 22/27 | €9,149 | €51,616 | +€42,467 | +464% |
| Plant, machinery and equipment | 23 | €9,033 | €4,608 | -€4,425 | -49.0% |
| Furniture and vehicles | 24 | €116 | €47,009 | +€46,893 | +40,379% |
| Current assets | 29/58 | €97,621 | €196,856 | +€99,235 | +102% |
| Stocks and contracts in progress | 3 | €6,987 | €40,000 | +€33,013 | +472% |
| Stocks | 30/36 | €6,987 | €40,000 | +€33,013 | +472% |
| Amounts receivable within one year | 40/41 | €7,272 | €118,293 | +€111,021 | +1,527% |
| Trade receivables | 40 | €1,332 | €111,393 | +€110,061 | +8,265% |
| Other amounts receivable | 41 | €5,940 | €6,900 | +€960 | +16.2% |
| Cash at bank and in hand | 54/58 | €82,136 | - | -€82,136 | |
| Deferred charges and accrued income | 490/1 | €1,226 | €38,563 | +€37,337 | +3,045% |
| Total equity and liabilities | 10/49 | €106,771 | €248,472 | +€141,702 | +133% |
| Equity | 10/15 | €48,832 | €57,865 | +€9,033 | +18.5% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €40,850 | €49,850 | +€9,000 | +22.0% |
| Distributable reserves | 133 | €40,850 | €49,850 | +€9,000 | +22.0% |
| Profit (loss) carried forward | 14 | €1,482 | €1,515 | +€33 | +2.3% |
| Amounts payable | 17/49 | €57,939 | €190,607 | +€132,668 | +229% |
| Amounts payable after more than one year | 17 | - | €40,235 | +€40,235 | |
| Financial debts | 170/4 | - | €40,235 | +€40,235 | |
| Amounts payable within one year | 42/48 | €57,939 | €150,372 | +€92,433 | +160% |
| Current portion of amounts payable after more than one year | 42 | - | €13,329 | +€13,329 | |
| Financial debts | 43 | - | €7,259 | +€7,259 | |
| Credit institutions | 430/8 | - | €1,300 | +€1,300 | |
| Other loans | 439 | - | €5,959 | +€5,959 | |
| Trade debts | 44 | €5,807 | €57,329 | +€51,522 | +887% |
| Suppliers | 440/4 | €5,807 | €57,329 | +€51,522 | +887% |
| Advances received on contracts in progress | 46 | - | €4,630 | +€4,630 | |
| Taxes, remuneration and social security | 45 | €14,235 | €28,399 | +€14,164 | +99.5% |
| Taxes | 450/3 | €1,735 | €8,399 | +€6,664 | +384% |
| Remuneration and social security | 454/9 | €12,500 | €20,000 | +€7,500 | +60.0% |
| Other amounts payable | 47/48 | €37,897 | €39,425 | +€1,529 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,793 | €14,626 | +€4,833 | +49.4% |
| Other operating charges | 640/8 | €5,643 | €3,259 | -€2,384 | -42.2% |
| Gross operating margin | 9900 | €19,048 | €34,281 | +€15,233 | +80.0% |
| Operating profit (loss) | 9901 | €3,612 | €16,395 | +€12,783 | +354% |
| Financial income | 75/76B | €1,541 | €97 | -€1,445 | -93.7% |
| Recurring financial income | 75 | €1,541 | €97 | -€1,445 | -93.7% |
| Financial charges | 65/66B | €191 | €3,332 | +€3,141 | +1,647% |
| Recurring financial charges | 65 | €191 | €3,332 | +€3,141 | +1,647% |
| Profit (loss) for the period before taxes | 9903 | €4,963 | €13,160 | +€8,197 | +165% |
| Income taxes | 67/77 | €2,100 | €4,127 | +€2,027 | +96.5% |
| Profit (loss) for the period | 9904 | €2,863 | €9,033 | +€6,171 | +216% |
| Profit (loss) for the period to be appropriated | 9905 | €2,863 | €9,033 | +€6,171 | +216% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.