KAPSALON ESSENTIALS: 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 ESSENTIALS
Largest movements
- Cash +€18,715
up €18,715 (+66.3%), from €28,248 to €46,963
mainly Other debts (+€17,966) and Depreciation (+€5,597)
- Tangible fixed assets -€5,597
down €5,597 (-34.3%), from €16,325 to €10,728
- Stocks and contracts +€972
up €972 (+12.4%), from €7,808 to €8,780
- Deferred charges and accrued income -€806
down €806 (-35.3%), from €2,286 to €1,480
- Other debts +€17,966
up €17,966 (+74.6%), from €24,072 to €42,038
- Current portion of long-term debt -€8,488
no longer reported in 2025 (was €8,488)
- Tax, wage and social debts +€3,350
up €3,350 (+56.6%), from €5,923 to €9,274
- Profit (loss) carried forward +€1,042
up €1,042 (+4.3%), from -€24,267 to -€23,225
- Gross operating margin -€16,022
down €16,022 (-57.2%), from €28,031 to €12,010
- Depreciation -€3,404
down €3,404 (-37.8%), from €9,001 to €5,597
- Financial charges -€1,163
down €1,163 (-64.7%), from €1,797 to €634
- Taxes -€1,061
down €1,061 (-21.6%), from €4,910 to €3,850
- Staff costs -€946
down €946 (-83.6%), from €1,132 to €186
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 | €54,667 | €67,951 | +€13,283 | +24.3% |
| Fixed assets | 21/28 | €16,325 | €10,728 | -€5,597 | -34.3% |
| Tangible fixed assets | 22/27 | €16,325 | €10,728 | -€5,597 | -34.3% |
| Furniture and vehicles | 24 | €16,325 | €10,728 | -€5,597 | -34.3% |
| Current assets | 29/58 | €38,342 | €57,223 | +€18,880 | +49.2% |
| Stocks and contracts in progress | 3 | €7,808 | €8,780 | +€972 | +12.4% |
| Stocks | 30/36 | €7,808 | €8,780 | +€972 | +12.4% |
| Cash at bank and in hand | 54/58 | €28,248 | €46,963 | +€18,715 | +66.3% |
| Deferred charges and accrued income | 490/1 | €2,286 | €1,480 | -€806 | -35.3% |
| Total equity and liabilities | 10/49 | €54,667 | €67,951 | +€13,283 | +24.3% |
| Equity | 10/15 | €15,420 | €16,463 | +€1,042 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €21,088 | €21,088 | = | 0.0% |
| Distributable reserves | 133 | €21,088 | €21,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,267 | -€23,225 | +€1,042 | +4.3% |
| Amounts payable | 17/49 | €39,247 | €51,488 | +€12,241 | +31.2% |
| Amounts payable within one year | 42/48 | €39,247 | €51,488 | +€12,241 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €8,488 | - | -€8,488 | |
| Trade debts | 44 | €764 | €176 | -€588 | -77.0% |
| Suppliers | 440/4 | €764 | €176 | -€588 | -77.0% |
| Taxes, remuneration and social security | 45 | €5,923 | €9,274 | +€3,350 | +56.6% |
| Taxes | 450/3 | €5,923 | €9,274 | +€3,350 | +56.6% |
| Other amounts payable | 47/48 | €24,072 | €42,038 | +€17,966 | +74.6% |
| Remuneration, social security and pensions | 62 | €1,132 | €186 | -€946 | -83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,001 | €5,597 | -€3,404 | -37.8% |
| Other operating charges | 640/8 | €830 | €701 | -€129 | -15.5% |
| Gross operating margin | 9900 | €28,031 | €12,010 | -€16,022 | -57.2% |
| Operating profit (loss) | 9901 | €17,068 | €5,525 | -€11,542 | -67.6% |
| Financial income | 75/76B | €3 | €0 | -€3 | -88.9% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -88.9% |
| Financial charges | 65/66B | €1,797 | €634 | -€1,163 | -64.7% |
| Recurring financial charges | 65 | €1,797 | €634 | -€1,163 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | €15,274 | €4,892 | -€10,382 | -68.0% |
| Income taxes | 67/77 | €4,910 | €3,850 | -€1,061 | -21.6% |
| Profit (loss) for the period | 9904 | €10,364 | €1,042 | -€9,321 | -89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,364 | €1,042 | -€9,321 | -89.9% |
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 13 October 2026 via checked.be.