KAPSALON DE MERODE: 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 DE MERODE
Largest movements
- Cash -€6,424
down €6,424 (-19.7%), from €32,557 to €26,133
mainly Contributions, distributions and other (-€17,500) and Receivables within one year (-€3,646)
- Tangible fixed assets -€4,805
down €4,805 (-8.7%), from €55,328 to €50,523
of which Land and buildings: -€3,405
- Receivables within one year +€3,646
up €3,646 (+31.3%), from €11,658 to €15,304
- Deferred charges and accrued income +€1,221
up €1,221 (+242%), from €505 to €1,726
- Reserves -€13,000
down €13,000 (-23.4%), from €55,500 to €42,500
- Other debts +€7,500
up €7,500 (+75.0%), from €10,000 to €17,500
- Trade debts +€3,594
up €3,594 (+154%), from €2,329 to €5,923
- Tax, wage and social debts -€2,352
down €2,352 (-29.9%), from €7,857 to €5,505
of which Taxes: -€2,519
- Accrued charges and deferred income -€1,552
down €1,552 (-81.2%), from €1,912 to €360
- Gross operating margin -€9,361
down €9,361 (-31.3%), from €29,920 to €20,559
- Taxes -€2,820
down €2,820 (-64.6%), from €4,367 to €1,547
- Staff costs +€479
up €479 (+7.4%), from €6,442 to €6,921
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 | €100,977 | €94,420 | -€6,557 | -6.5% |
| Fixed assets | 21/28 | €55,328 | €50,523 | -€4,805 | -8.7% |
| Tangible fixed assets | 22/27 | €55,328 | €50,523 | -€4,805 | -8.7% |
| Land and buildings | 22 | €52,231 | €48,826 | -€3,405 | -6.5% |
| Plant, machinery and equipment | 23 | €3,097 | €1,697 | -€1,400 | -45.2% |
| Current assets | 29/58 | €45,649 | €43,897 | -€1,752 | -3.8% |
| Stocks and contracts in progress | 3 | €929 | €734 | -€195 | -21.0% |
| Stocks | 30/36 | €929 | €734 | -€195 | -21.0% |
| Amounts receivable within one year | 40/41 | €11,658 | €15,304 | +€3,646 | +31.3% |
| Other amounts receivable | 41 | €11,658 | €15,304 | +€3,646 | +31.3% |
| Cash at bank and in hand | 54/58 | €32,557 | €26,133 | -€6,424 | -19.7% |
| Deferred charges and accrued income | 490/1 | €505 | €1,726 | +€1,221 | +242% |
| Total equity and liabilities | 10/49 | €100,977 | €94,420 | -€6,557 | -6.5% |
| Equity | 10/15 | €78,879 | €65,132 | -€13,747 | -17.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,500 | €42,500 | -€13,000 | -23.4% |
| Distributable reserves | 133 | €55,500 | €42,500 | -€13,000 | -23.4% |
| Profit (loss) carried forward | 14 | €4,779 | €4,032 | -€747 | -15.6% |
| Amounts payable | 17/49 | €22,098 | €29,288 | +€7,190 | +32.5% |
| Amounts payable within one year | 42/48 | €20,186 | €28,928 | +€8,742 | +43.3% |
| Trade debts | 44 | €2,329 | €5,923 | +€3,594 | +154% |
| Suppliers | 440/4 | €2,329 | €5,923 | +€3,594 | +154% |
| Taxes, remuneration and social security | 45 | €7,857 | €5,505 | -€2,352 | -29.9% |
| Taxes | 450/3 | €7,392 | €4,873 | -€2,519 | -34.1% |
| Remuneration and social security | 454/9 | €465 | €632 | +€167 | +35.9% |
| Other amounts payable | 47/48 | €10,000 | €17,500 | +€7,500 | +75.0% |
| Accrued charges and deferred income | 492/3 | €1,912 | €360 | -€1,552 | -81.2% |
| Remuneration, social security and pensions | 62 | €6,442 | €6,921 | +€479 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,698 | €4,805 | +€107 | +2.3% |
| Other operating charges | 640/8 | €2,976 | €2,883 | -€93 | -3.1% |
| Gross operating margin | 9900 | €29,920 | €20,559 | -€9,361 | -31.3% |
| Operating profit (loss) | 9901 | €15,804 | €5,950 | -€9,854 | -62.4% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €815 | €650 | -€165 | -20.2% |
| Recurring financial charges | 65 | €815 | €650 | -€165 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €14,992 | €5,300 | -€9,692 | -64.6% |
| Income taxes | 67/77 | €4,367 | €1,547 | -€2,820 | -64.6% |
| Profit (loss) for the period | 9904 | €10,625 | €3,753 | -€6,872 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,625 | €3,753 | -€6,872 | -64.7% |
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 19 October 2026 via checked.be.