KAPSALON RICHARD: 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 RICHARD
Largest movements
- Tangible fixed assets -€409
down €409 (-25.0%), from €1,636 to €1,227
- Receivables within one year -€181
no longer reported in 2025 (was €181)
- Cash +€88
up €88 (+238%), from €37 to €125
mainly Tax, wage and social debts (+€1,144) and Depreciation (+€409)
- Tax, wage and social debts +€1,144
up €1,144 (+93.9%), from €1,218 to €2,362
- Profit (loss) carried forward -€1,025
down €1,025 (-8.5%), from -€12,127 to -€13,152
- Trade debts -€366
down €366 (-17.4%), from €2,100 to €1,734
- Other debts -€255
down €255 (-3.8%), from €6,663 to €6,409
- Gross operating margin +€458
up €458 (+50.2%), from -€911 to -€454
- Financial charges -€103
down €103 (-73.3%), from €140 to €38
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 | €1,854 | €1,352 | -€502 | -27.1% |
| Fixed assets | 21/28 | €1,636 | €1,227 | -€409 | -25.0% |
| Tangible fixed assets | 22/27 | €1,636 | €1,227 | -€409 | -25.0% |
| Furniture and vehicles | 24 | €1,636 | €1,227 | -€409 | -25.0% |
| Current assets | 29/58 | €218 | €125 | -€93 | -42.8% |
| Amounts receivable within one year | 40/41 | €181 | - | -€181 | |
| Other amounts receivable | 41 | €181 | - | -€181 | |
| Cash at bank and in hand | 54/58 | €37 | €125 | +€88 | +238% |
| Total equity and liabilities | 10/49 | €1,854 | €1,352 | -€502 | -27.1% |
| Equity | 10/15 | -€8,127 | -€9,152 | -€1,025 | -12.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,127 | -€13,152 | -€1,025 | -8.5% |
| Amounts payable | 17/49 | €9,981 | €10,504 | +€523 | +5.2% |
| Amounts payable within one year | 42/48 | €9,981 | €10,504 | +€523 | +5.2% |
| Trade debts | 44 | €2,100 | €1,734 | -€366 | -17.4% |
| Suppliers | 440/4 | €2,100 | €1,734 | -€366 | -17.4% |
| Taxes, remuneration and social security | 45 | €1,218 | €2,362 | +€1,144 | +93.9% |
| Taxes | 450/3 | €1,218 | €2,362 | +€1,144 | +93.9% |
| Other amounts payable | 47/48 | €6,663 | €6,409 | -€255 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €409 | €409 | = | 0.0% |
| Other operating charges | 640/8 | €125 | €125 | = | 0.0% |
| Gross operating margin | 9900 | -€911 | -€454 | +€458 | +50.2% |
| Operating profit (loss) | 9901 | -€1,445 | -€988 | +€458 | +31.7% |
| Financial charges | 65/66B | €140 | €38 | -€103 | -73.3% |
| Recurring financial charges | 65 | €140 | €38 | -€103 | -73.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,586 | -€1,025 | +€561 | +35.4% |
| Profit (loss) for the period | 9904 | -€1,586 | -€1,025 | +€561 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,586 | -€1,025 | +€561 | +35.4% |
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 22 October 2026 via checked.be.