KAPS LAB: 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.
KAPS LAB
Largest movements
- Receivables within one year +€47,092
up €47,092 (+212%), from €22,242 to €69,334
of which Trade receivables: +€47,091
- Cash -€16,979
down €16,979 (-78.0%), from €21,761 to €4,783
- Tangible fixed assets +€3,152
new in 2025: €3,152
- Profit (loss) carried forward +€19,212
up €19,212 (+67.6%), from €28,425 to €47,637
- Tax, wage and social debts +€11,028
up €11,028 (+191%), from €5,780 to €16,808
of which Taxes: +€8,826
- Other debts +€3,832
up €3,832 (+61.9%), from €6,195 to €10,027
- Gross operating margin +€3,967
up €3,967 (+24.8%), from €16,022 to €19,990
- Depreciation +€1,796
new in 2025: €1,796
- Other operating charges -€1,208
down €1,208 (-72.9%), from €1,658 to €450
- Taxes +€516
up €516 (+15.2%), from €3,396 to €3,912
- Financial charges +€261
up €261 (+63.6%), from €411 to €673
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,503 | €78,477 | +€33,973 | +76.3% |
| Fixed assets | 21/28 | €500 | €3,652 | +€3,152 | +630% |
| Tangible fixed assets | 22/27 | - | €3,152 | +€3,152 | |
| Furniture and vehicles | 24 | - | €3,152 | +€3,152 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €44,003 | €74,825 | +€30,821 | +70.0% |
| Amounts receivable within one year | 40/41 | €22,242 | €69,334 | +€47,092 | +212% |
| Trade receivables | 40 | €22,242 | €69,333 | +€47,091 | +212% |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €21,761 | €4,783 | -€16,979 | -78.0% |
| Deferred charges and accrued income | 490/1 | - | €708 | +€708 | |
| Total equity and liabilities | 10/49 | €44,503 | €78,477 | +€33,973 | +76.3% |
| Equity | 10/15 | €30,925 | €50,137 | +€19,212 | +62.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,425 | €47,637 | +€19,212 | +67.6% |
| Amounts payable | 17/49 | €13,578 | €28,339 | +€14,761 | +109% |
| Amounts payable within one year | 42/48 | €13,578 | €28,339 | +€14,761 | +109% |
| Trade debts | 44 | €1,604 | €1,504 | -€99 | -6.2% |
| Suppliers | 440/4 | €1,604 | €1,504 | -€99 | -6.2% |
| Taxes, remuneration and social security | 45 | €5,780 | €16,808 | +€11,028 | +191% |
| Taxes | 450/3 | €5,780 | €14,606 | +€8,826 | +153% |
| Remuneration and social security | 454/9 | - | €2,202 | +€2,202 | |
| Other amounts payable | 47/48 | €6,195 | €10,027 | +€3,832 | +61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,796 | +€1,796 | |
| Other operating charges | 640/8 | €1,658 | €450 | -€1,208 | -72.9% |
| Gross operating margin | 9900 | €16,022 | €19,990 | +€3,967 | +24.8% |
| Operating profit (loss) | 9901 | €14,365 | €17,744 | +€3,379 | +23.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €411 | €673 | +€261 | +63.6% |
| Recurring financial charges | 65 | €411 | €673 | +€261 | +63.6% |
| Profit (loss) for the period before taxes | 9903 | €13,953 | €17,071 | +€3,118 | +22.3% |
| Income taxes | 67/77 | €3,396 | €3,912 | +€516 | +15.2% |
| Profit (loss) for the period | 9904 | €10,557 | €13,159 | +€2,602 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,557 | €13,159 | +€2,602 | +24.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.