KAPSALON TAELMAN: 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 TAELMAN
Largest movements
- Cash -€29,356
down €29,356 (-52.2%), from €56,285 to €26,929
mainly Contributions, distributions and other (-€67,314) and Tax, wage and social debts (-€7,915)
- Receivables within one year -€14,716
down €14,716 (-31.8%), from €46,324 to €31,609
of which Other amounts receivable: -€14,545
- Receivables after one year -€12,000
down €12,000 (-15.0%), from €80,000 to €68,000
- Reserves -€50,497
down €50,497 (-19.6%), from €258,079 to €207,582
- Tax, wage and social debts -€7,915
down €7,915 (-55.3%), from €14,320 to €6,405
of which Taxes: -€7,915
- Other debts +€3,450
up €3,450 (+284%), from €1,215 to €4,665
- Gross operating margin +€9,424
up €9,424 (+65.2%), from €14,457 to €23,880
- Staff costs -€5,982
down €5,982 (-97.3%), from €6,145 to €163
- Taxes +€5,605
up €5,605 (+206%), from €2,716 to €8,322
- Financial income +€1,003
up €1,003 (+55.4%), from €1,810 to €2,813
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 | €282,814 | €227,853 | -€54,961 | -19.4% |
| Fixed assets | 21/28 | €62 | €62 | = | 0.0% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €282,752 | €227,791 | -€54,961 | -19.4% |
| Amounts receivable after more than one year | 29 | €80,000 | €68,000 | -€12,000 | -15.0% |
| Other amounts receivable | 291 | €80,000 | €68,000 | -€12,000 | -15.0% |
| Amounts receivable within one year | 40/41 | €46,324 | €31,609 | -€14,716 | -31.8% |
| Trade receivables | 40 | €4,379 | €4,209 | -€170 | -3.9% |
| Other amounts receivable | 41 | €41,945 | €27,400 | -€14,545 | -34.7% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €56,285 | €26,929 | -€29,356 | -52.2% |
| Deferred charges and accrued income | 490/1 | €143 | €1,253 | +€1,111 | +778% |
| Total equity and liabilities | 10/49 | €282,814 | €227,853 | -€54,961 | -19.4% |
| Equity | 10/15 | €264,279 | €213,782 | -€50,497 | -19.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €258,079 | €207,582 | -€50,497 | -19.6% |
| Distributable reserves | 133 | €258,079 | €207,582 | -€50,497 | -19.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €18,535 | €14,071 | -€4,465 | -24.1% |
| Amounts payable within one year | 42/48 | €15,535 | €11,071 | -€4,465 | -28.7% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €14,320 | €6,405 | -€7,915 | -55.3% |
| Taxes | 450/3 | €14,320 | €6,405 | -€7,915 | -55.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,215 | €4,665 | +€3,450 | +284% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €6,145 | €163 | -€5,982 | -97.3% |
| Other operating charges | 640/8 | €555 | €526 | -€30 | -5.3% |
| Gross operating margin | 9900 | €14,457 | €23,880 | +€9,424 | +65.2% |
| Operating profit (loss) | 9901 | €7,756 | €23,191 | +€15,435 | +199% |
| Financial income | 75/76B | €1,810 | €2,813 | +€1,003 | +55.4% |
| Recurring financial income | 75 | €1,810 | €2,813 | +€1,003 | +55.4% |
| Financial charges | 65/66B | €863 | €865 | +€2 | +0.2% |
| Recurring financial charges | 65 | €863 | €865 | +€2 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €8,703 | €25,139 | +€16,436 | +189% |
| Income taxes | 67/77 | €2,716 | €8,322 | +€5,605 | +206% |
| Profit (loss) for the period | 9904 | €5,986 | €16,817 | +€10,831 | +181% |
| Profit (loss) for the period to be appropriated | 9905 | €5,986 | €16,817 | +€10,831 | +181% |
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 31 October 2026 via checked.be.