KAPSALON CELTINE: 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.
KAPSALON CELTINE
Largest movements
- Receivables within one year +€12,699
up €12,699 (+284.5%), from €4,464 to €17,163
of which Trade receivables: +€13,020
- Cash +€10,728
up €10,728 (+389.3%), from €2,755 to €13,483
mainly Debts after one year (+€15,458) and Advances received (+€13,318)
- Tangible fixed assets -€2,000
down €2,000 (-10.3%), from €19,333 to €17,333
- Deferred charges and accrued income -€717
no longer reported in 2025 (was €717)
- Debts after one year +€15,458
new in 2025: €15,458
- Trade debts -€13,796
down €13,796 (-66.3%), from €20,796 to €7,000
- Advances received +€13,318
new in 2025: €13,318
- Tax, wage and social debts +€6,128
up €6,128 (+130.7%), from €4,688 to €10,816
of which Taxes: +€6,935
- Current portion of long-term debt -€4,094
down €4,094 (-51.2%), from €8,000 to €3,906
- Staff costs +€12,654
up €12,654 (+33.7%), from €37,525 to €50,178
- Gross operating margin -€5,366
down €5,366 (-7.9%), from €67,655 to €62,289
- Taxes -€5,049
down €5,049 (-61.8%), from €8,176 to €3,127
- Other operating charges -€2,577
down €2,577 (-74.3%), from €3,469 to €892
- Depreciation +€1,333
up €1,333 (+200.0%), from €667 to €2,000
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 | €28,350 | €48,859 | +€20,508 | +72.3% |
| Fixed assets | 21/28 | €19,535 | €17,333 | -€2,202 | -11.3% |
| Tangible fixed assets | 22/27 | €19,333 | €17,333 | -€2,000 | -10.3% |
| Land and buildings | 22 | €19,333 | €17,333 | -€2,000 | -10.3% |
| Financial fixed assets | 28 | €202 | - | -€202 | |
| Current assets | 29/58 | €8,815 | €31,525 | +€22,710 | +257.6% |
| Stocks and contracts in progress | 3 | €879 | €879 | = | 0.0% |
| Stocks | 30/36 | €879 | €879 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,464 | €17,163 | +€12,699 | +284.5% |
| Trade receivables | 40 | €1,801 | €14,821 | +€13,020 | +722.8% |
| Other amounts receivable | 41 | €2,662 | €2,342 | -€321 | -12.0% |
| Cash at bank and in hand | 54/58 | €2,755 | €13,483 | +€10,728 | +389.3% |
| Deferred charges and accrued income | 490/1 | €717 | - | -€717 | |
| Total equity and liabilities | 10/49 | €28,350 | €48,859 | +€20,508 | +72.3% |
| Equity | 10/15 | -€5,134 | -€1,640 | +€3,495 | +68.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,334 | -€7,840 | +€3,495 | +30.8% |
| Amounts payable | 17/49 | €33,485 | €50,499 | +€17,014 | +50.8% |
| Amounts payable after more than one year | 17 | - | €15,458 | +€15,458 | |
| Financial debts | 170/4 | - | €15,458 | +€15,458 | |
| Amounts payable within one year | 42/48 | €33,485 | €35,040 | +€1,555 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | €3,906 | -€4,094 | -51.2% |
| Trade debts | 44 | €20,796 | €7,000 | -€13,796 | -66.3% |
| Suppliers | 440/4 | €20,796 | €7,000 | -€13,796 | -66.3% |
| Advances received on contracts in progress | 46 | - | €13,318 | +€13,318 | |
| Taxes, remuneration and social security | 45 | €4,688 | €10,816 | +€6,128 | +130.7% |
| Taxes | 450/3 | €1,765 | €8,700 | +€6,935 | +393.0% |
| Remuneration and social security | 454/9 | €2,923 | €2,116 | -€808 | -27.6% |
| Remuneration, social security and pensions | 62 | €37,525 | €50,178 | +€12,654 | +33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €667 | €2,000 | +€1,333 | +200.0% |
| Other operating charges | 640/8 | €3,469 | €892 | -€2,577 | -74.3% |
| Gross operating margin | 9900 | €67,655 | €62,289 | -€5,366 | -7.9% |
| Operating profit (loss) | 9901 | €25,995 | €9,219 | -€16,776 | -64.5% |
| Financial charges | 65/66B | €1,447 | €2,598 | +€1,151 | +79.5% |
| Recurring financial charges | 65 | €1,447 | €2,598 | +€1,151 | +79.5% |
| Profit (loss) for the period before taxes | 9903 | €24,548 | €6,621 | -€17,926 | -73.0% |
| Income taxes | 67/77 | €8,176 | €3,127 | -€5,049 | -61.8% |
| Profit (loss) for the period | 9904 | €16,372 | €3,495 | -€12,877 | -78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,372 | €3,495 | -€12,877 | -78.7% |
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 10 October 2026 via checked.be.