KAPSALON MATHYS: 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 MATHYS
Largest movements
- Receivables within one year -€3,979
down €3,979 (-26.2%), from €15,177 to €11,198
of which Trade receivables: -€3,979
- Cash -€3,447
down €3,447 (-7.5%), from €45,964 to €42,517
mainly Net result for the year (-€23,786) and Investment in fixed assets (net) (-€4,919)
- Stocks and contracts -€1,964
down €1,964 (-20.2%), from €9,741 to €7,777
- Profit (loss) carried forward -€23,786
down €23,786 (-81.0%), from €29,379 to €5,593
- Other debts +€8,364
up €8,364 (+21.4%), from €39,133 to €47,498
- Tax, wage and social debts +€3,923
up €3,923 (+23.3%), from €16,865 to €20,788
of which Remuneration and social security: +€2,822
- Staff costs +€21,190
up €21,190 (+20.6%), from €102,712 to €123,902
- Depreciation -€1,731
down €1,731 (-23.8%), from €7,290 to €5,559
- Gross operating margin -€1,336
down €1,336 (-1.2%), from €113,084 to €111,747
- Financial income -€1,278
down €1,278 (-57.5%), from €2,221 to €943
- Financial charges +€1,152
up €1,152 (+23.5%), from €4,896 to €6,048
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 | €166,806 | €157,006 | -€9,800 | -5.9% |
| Fixed assets | 21/28 | €25,089 | €24,450 | -€640 | -2.5% |
| Tangible fixed assets | 22/27 | €25,014 | €24,450 | -€565 | -2.3% |
| Plant, machinery and equipment | 23 | €5,764 | €4,947 | -€817 | -14.2% |
| Furniture and vehicles | 24 | €1,699 | €1,832 | +€133 | +7.9% |
| Other tangible fixed assets | 26 | €17,552 | €17,670 | +€119 | +0.7% |
| Financial fixed assets | 28 | €75 | €0 | -€75 | -100% |
| Current assets | 29/58 | €141,717 | €132,557 | -€9,161 | -6.5% |
| Stocks and contracts in progress | 3 | €9,741 | €7,777 | -€1,964 | -20.2% |
| Stocks | 30/36 | €9,741 | €7,777 | -€1,964 | -20.2% |
| Amounts receivable within one year | 40/41 | €15,177 | €11,198 | -€3,979 | -26.2% |
| Trade receivables | 40 | €9,206 | €5,227 | -€3,979 | -43.2% |
| Other amounts receivable | 41 | €5,971 | €5,971 | = | 0.0% |
| Current investments | 50/53 | €70,000 | €70,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,964 | €42,517 | -€3,447 | -7.5% |
| Deferred charges and accrued income | 490/1 | €835 | €1,065 | +€230 | +27.6% |
| Total equity and liabilities | 10/49 | €166,806 | €157,006 | -€9,800 | -5.9% |
| Equity | 10/15 | €98,474 | €74,689 | -€23,786 | -24.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,496 | €50,496 | = | 0.0% |
| Distributable reserves | 133 | €50,496 | €50,496 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,379 | €5,593 | -€23,786 | -81.0% |
| Provisions and deferred taxes | 16 | €1,000 | €1,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,000 | €1,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €67,332 | €81,318 | +€13,985 | +20.8% |
| Amounts payable within one year | 42/48 | €64,531 | €78,088 | +€13,558 | +21.0% |
| Trade debts | 44 | €8,532 | €9,803 | +€1,270 | +14.9% |
| Suppliers | 440/4 | €8,532 | €9,803 | +€1,270 | +14.9% |
| Taxes, remuneration and social security | 45 | €16,865 | €20,788 | +€3,923 | +23.3% |
| Taxes | 450/3 | €3,184 | €4,285 | +€1,101 | +34.6% |
| Remuneration and social security | 454/9 | €13,682 | €16,503 | +€2,822 | +20.6% |
| Other amounts payable | 47/48 | €39,133 | €47,498 | +€8,364 | +21.4% |
| Accrued charges and deferred income | 492/3 | €2,801 | €3,229 | +€428 | +15.3% |
| Remuneration, social security and pensions | 62 | €102,712 | €123,902 | +€21,190 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,290 | €5,559 | -€1,731 | -23.8% |
| Other operating charges | 640/8 | €670 | €685 | +€15 | +2.2% |
| Gross operating margin | 9900 | €113,084 | €111,747 | -€1,336 | -1.2% |
| Operating profit (loss) | 9901 | €2,412 | -€18,398 | -€20,810 | |
| Financial income | 75/76B | €2,221 | €943 | -€1,278 | -57.5% |
| Recurring financial income | 75 | €2,221 | €943 | -€1,278 | -57.5% |
| Financial charges | 65/66B | €4,896 | €6,048 | +€1,152 | +23.5% |
| Recurring financial charges | 65 | €4,896 | €6,048 | +€1,152 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | -€263 | -€23,503 | -€23,240 | -8,842% |
| Income taxes | 67/77 | €1,026 | €283 | -€743 | -72.4% |
| Profit (loss) for the period | 9904 | -€1,289 | -€23,786 | -€22,497 | -1,745% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,289 | -€23,786 | -€22,497 | -1,745% |
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 13 October 2026 via checked.be.