KAPSALON DIRK: 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 DIRK
Largest movements
- Cash +€16,623
up €16,623 (+59.7%), from €27,852 to €44,475
mainly Net result for the year (+€24,676) and Receivables within one year (+€10,244)
- Receivables within one year -€10,244
down €10,244 (-18.8%), from €54,630 to €44,386
of which Other amounts receivable: -€11,723
- Deferred charges and accrued income +€7,273
up €7,273 (+234.4%), from €3,103 to €10,376
- Tangible fixed assets -€4,183
down €4,183 (-16.7%), from €25,064 to €20,881
of which Other tangible fixed assets: -€2,253
- Reserves +€24,676
up €24,676 (+18.6%), from €132,881 to €157,556
of which Distributable reserves: +€26,536
- Other debts -€19,149
no longer reported in 2025 (was €19,149)
- Current portion of long-term debt +€2,866
up €2,866 (+31.8%), from €8,999 to €11,865
- Gross operating margin +€5,006
up €5,006 (+7.3%), from €68,869 to €73,874
- Staff costs +€2,212
up €2,212 (+7.2%), from €30,787 to €32,999
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 | €190,028 | €198,717 | +€8,689 | +4.6% |
| Fixed assets | 21/28 | €25,251 | €21,067 | -€4,183 | -16.6% |
| Tangible fixed assets | 22/27 | €25,064 | €20,881 | -€4,183 | -16.7% |
| Plant, machinery and equipment | 23 | €3,774 | €2,339 | -€1,435 | -38.0% |
| Furniture and vehicles | 24 | €1,195 | €699 | -€496 | -41.5% |
| Other tangible fixed assets | 26 | €20,095 | €17,842 | -€2,253 | -11.2% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €164,778 | €177,650 | +€12,872 | +7.8% |
| Amounts receivable after more than one year | 29 | €72,752 | €72,752 | = | 0.0% |
| Other amounts receivable | 291 | €72,752 | €72,752 | = | 0.0% |
| Stocks and contracts in progress | 3 | €6,441 | €5,661 | -€780 | -12.1% |
| Stocks | 30/36 | €6,441 | €5,661 | -€780 | -12.1% |
| Amounts receivable within one year | 40/41 | €54,630 | €44,386 | -€10,244 | -18.8% |
| Trade receivables | 40 | €1,158 | €2,638 | +€1,480 | +127.8% |
| Other amounts receivable | 41 | €53,472 | €41,748 | -€11,723 | -21.9% |
| Cash at bank and in hand | 54/58 | €27,852 | €44,475 | +€16,623 | +59.7% |
| Deferred charges and accrued income | 490/1 | €3,103 | €10,376 | +€7,273 | +234.4% |
| Total equity and liabilities | 10/49 | €190,028 | €198,717 | +€8,689 | +4.6% |
| Equity | 10/15 | €151,481 | €176,156 | +€24,676 | +16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,881 | €157,556 | +€24,676 | +18.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €131,021 | €157,556 | +€26,536 | +20.3% |
| Amounts payable | 17/49 | €38,547 | €22,561 | -€15,987 | -41.5% |
| Amounts payable within one year | 42/48 | €38,163 | €22,157 | -€16,006 | -41.9% |
| Current portion of amounts payable after more than one year | 42 | €8,999 | €11,865 | +€2,866 | +31.8% |
| Trade debts | 44 | €1,398 | €2,035 | +€637 | +45.6% |
| Suppliers | 440/4 | €1,398 | €2,035 | +€637 | +45.6% |
| Taxes, remuneration and social security | 45 | €8,617 | €8,258 | -€359 | -4.2% |
| Taxes | 450/3 | €5,100 | €4,604 | -€495 | -9.7% |
| Remuneration and social security | 454/9 | €3,517 | €3,653 | +€136 | +3.9% |
| Other amounts payable | 47/48 | €19,149 | - | -€19,149 | |
| Accrued charges and deferred income | 492/3 | €384 | €403 | +€19 | +4.9% |
| Remuneration, social security and pensions | 62 | €30,787 | €32,999 | +€2,212 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,023 | €4,183 | +€160 | +4.0% |
| Other operating charges | 640/8 | €1,122 | €1,132 | +€11 | +1.0% |
| Gross operating margin | 9900 | €68,869 | €73,874 | +€5,006 | +7.3% |
| Operating profit (loss) | 9901 | €32,937 | €35,559 | +€2,622 | +8.0% |
| Financial income | 75/76B | €2,835 | €2,313 | -€522 | -18.4% |
| Recurring financial income | 75 | €2,835 | €2,313 | -€522 | -18.4% |
| Financial charges | 65/66B | €479 | €623 | +€144 | +30.0% |
| Recurring financial charges | 65 | €479 | €623 | +€144 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €35,293 | €37,249 | +€1,956 | +5.5% |
| Income taxes | 67/77 | €11,895 | €12,574 | +€679 | +5.7% |
| Profit (loss) for the period | 9904 | €23,398 | €24,676 | +€1,278 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,398 | €24,676 | +€1,278 | +5.5% |
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 10 October 2026 via checked.be.