KAPSALON HENK: 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 HENK
Largest movements
- Tangible fixed assets +€5,412
up €5,412 (+123%), from €4,391 to €9,803
of which Land and buildings: +€5,757
- Stocks and contracts -€1,221
down €1,221 (-20.7%), from €5,896 to €4,675
- Cash -€1,112
down €1,112 (-69.2%), from €1,607 to €495
mainly Tax, wage and social debts (-€11,355) and Investment in fixed assets (net) (-€7,178)
- Receivables within one year -€551
no longer reported in 2025 (was €551)
- Deferred charges and accrued income +€325
new in 2025: €325
- Profit (loss) carried forward +€18,132
up €18,132 (+24.1%), from -€75,084 to -€56,953
- Tax, wage and social debts -€11,355
down €11,355 (-39.2%), from €29,001 to €17,646
of which Taxes: -€6,828
- Trade debts -€1,795
down €1,795 (-29.2%), from €6,143 to €4,347
- Other debts -€1,736
down €1,736 (-30.9%), from €5,614 to €3,878
- Short-term financial debts -€295
down €295 (-6.0%), from €4,896 to €4,601
- Gross operating margin +€17,255
up €17,255 (+45.5%), from €37,930 to €55,184
- Other operating charges +€2,164
up €2,164 (+353%), from €613 to €2,778
- Staff costs -€1,058
down €1,058 (-3.5%), from €30,402 to €29,343
- Financial charges +€1,024
up €1,024 (+47.5%), from €2,155 to €3,179
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 | €12,445 | €15,299 | +€2,854 | +22.9% |
| Fixed assets | 21/28 | €4,391 | €9,803 | +€5,412 | +123% |
| Tangible fixed assets | 22/27 | €4,391 | €9,803 | +€5,412 | +123% |
| Land and buildings | 22 | €3,738 | €9,495 | +€5,757 | +154% |
| Furniture and vehicles | 24 | €653 | €308 | -€345 | -52.9% |
| Current assets | 29/58 | €8,054 | €5,496 | -€2,558 | -31.8% |
| Stocks and contracts in progress | 3 | €5,896 | €4,675 | -€1,221 | -20.7% |
| Stocks | 30/36 | €5,896 | €4,675 | -€1,221 | -20.7% |
| Amounts receivable within one year | 40/41 | €551 | - | -€551 | |
| Trade receivables | 40 | €551 | - | -€551 | |
| Cash at bank and in hand | 54/58 | €1,607 | €495 | -€1,112 | -69.2% |
| Deferred charges and accrued income | 490/1 | - | €325 | +€325 | |
| Total equity and liabilities | 10/49 | €12,445 | €15,299 | +€2,854 | +22.9% |
| Equity | 10/15 | -€56,484 | -€38,353 | +€18,132 | +32.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,084 | -€56,953 | +€18,132 | +24.1% |
| Amounts payable | 17/49 | €68,929 | €53,651 | -€15,278 | -22.2% |
| Amounts payable after more than one year | 17 | €23,000 | €23,000 | = | 0.0% |
| Financial debts | 170/4 | €23,000 | €23,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €45,653 | €30,472 | -€15,181 | -33.3% |
| Financial debts | 43 | €4,896 | €4,601 | -€295 | -6.0% |
| Credit institutions | 430/8 | €4,896 | €4,601 | -€295 | -6.0% |
| Trade debts | 44 | €6,143 | €4,347 | -€1,795 | -29.2% |
| Suppliers | 440/4 | €6,143 | €4,347 | -€1,795 | -29.2% |
| Taxes, remuneration and social security | 45 | €29,001 | €17,646 | -€11,355 | -39.2% |
| Taxes | 450/3 | €22,780 | €15,952 | -€6,828 | -30.0% |
| Remuneration and social security | 454/9 | €6,221 | €1,694 | -€4,527 | -72.8% |
| Other amounts payable | 47/48 | €5,614 | €3,878 | -€1,736 | -30.9% |
| Accrued charges and deferred income | 492/3 | €276 | €180 | -€96 | -34.9% |
| Remuneration, social security and pensions | 62 | €30,402 | €29,343 | -€1,058 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,276 | €1,766 | +€490 | +38.4% |
| Other operating charges | 640/8 | €613 | €2,778 | +€2,164 | +353% |
| Gross operating margin | 9900 | €37,930 | €55,184 | +€17,255 | +45.5% |
| Operating profit (loss) | 9901 | €5,639 | €21,298 | +€15,659 | +278% |
| Financial income | 75/76B | €4 | €13 | +€9 | +250% |
| Recurring financial income | 75 | €4 | €13 | +€9 | +250% |
| Financial charges | 65/66B | €2,155 | €3,179 | +€1,024 | +47.5% |
| Recurring financial charges | 65 | €2,155 | €3,179 | +€1,024 | +47.5% |
| Profit (loss) for the period before taxes | 9903 | €3,487 | €18,132 | +€14,644 | +420% |
| Profit (loss) for the period | 9904 | €3,487 | €18,132 | +€14,644 | +420% |
| Profit (loss) for the period to be appropriated | 9905 | €3,487 | €18,132 | +€14,644 | +420% |
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 30 October 2026 via checked.be.