Kapsau Puur: 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.
Kapsau Puur
Largest movements
- Tangible fixed assets -€37,019
down €37,019 (-10.2%), from €362,540 to €325,521
- Cash +€13,304
up €13,304 (+40.2%), from €33,129 to €46,433
mainly Depreciation (+€39,683) and Tax, wage and social debts (+€6,215)
- Debts after one year -€32,925
down €32,925 (-42.2%), from €78,058 to €45,132
- Tax, wage and social debts +€6,215
up €6,215 (+15.7%), from €39,513 to €45,727
of which Remuneration and social security: +€3,116
- Profit (loss) carried forward +€6,152
up €6,152 (+5.2%), from €117,714 to €123,866
- Trade debts -€4,618
down €4,618 (-29.7%), from €15,556 to €10,937
- Other debts +€4,469
up €4,469 (+46.3%), from €9,644 to €14,113
- Staff costs -€52,702
down €52,702 (-29.4%), from €179,462 to €126,760
- Gross operating margin -€27,281
down €27,281 (-13.2%), from €206,985 to €179,703
- Other operating charges -€3,414
down €3,414 (-56.9%), from €5,995 to €2,581
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 | €403,520 | €380,155 | -€23,366 | -5.8% |
| Fixed assets | 21/28 | €362,540 | €325,521 | -€37,019 | -10.2% |
| Tangible fixed assets | 22/27 | €362,540 | €325,521 | -€37,019 | -10.2% |
| Land and buildings | 22 | €114,093 | €108,264 | -€5,829 | -5.1% |
| Plant, machinery and equipment | 23 | €161,095 | €147,855 | -€13,240 | -8.2% |
| Furniture and vehicles | 24 | €85,144 | €67,387 | -€17,757 | -20.9% |
| Leasing and similar rights | 25 | €2,208 | €2,014 | -€193 | -8.8% |
| Current assets | 29/58 | €40,980 | €54,634 | +€13,654 | +33.3% |
| Stocks and contracts in progress | 3 | €7,851 | €8,201 | +€349 | +4.4% |
| Stocks | 30/36 | €7,851 | €8,201 | +€349 | +4.4% |
| Cash at bank and in hand | 54/58 | €33,129 | €46,433 | +€13,304 | +40.2% |
| Total equity and liabilities | 10/49 | €403,520 | €380,155 | -€23,366 | -5.8% |
| Equity | 10/15 | €189,401 | €195,553 | +€6,152 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,087 | €53,087 | = | 0.0% |
| Distributable reserves | 133 | €53,087 | €53,087 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,714 | €123,866 | +€6,152 | +5.2% |
| Amounts payable | 17/49 | €214,119 | €184,602 | -€29,518 | -13.8% |
| Amounts payable after more than one year | 17 | €78,058 | €45,132 | -€32,925 | -42.2% |
| Financial debts | 170/4 | €78,058 | €45,132 | -€32,925 | -42.2% |
| Amounts payable within one year | 42/48 | €136,062 | €139,470 | +€3,408 | +2.5% |
| Financial debts | 43 | €33,082 | €34,251 | +€1,169 | +3.5% |
| Credit institutions | 430/8 | €33,082 | €34,251 | +€1,169 | +3.5% |
| Trade debts | 44 | €15,556 | €10,937 | -€4,618 | -29.7% |
| Suppliers | 440/4 | €15,556 | €10,937 | -€4,618 | -29.7% |
| Advances received on contracts in progress | 46 | €38,267 | €34,440 | -€3,827 | -10.0% |
| Taxes, remuneration and social security | 45 | €39,513 | €45,727 | +€6,215 | +15.7% |
| Taxes | 450/3 | €15,080 | €18,179 | +€3,099 | +20.5% |
| Remuneration and social security | 454/9 | €24,433 | €27,549 | +€3,116 | +12.8% |
| Other amounts payable | 47/48 | €9,644 | €14,113 | +€4,469 | +46.3% |
| Remuneration, social security and pensions | 62 | €179,462 | €126,760 | -€52,702 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,844 | €39,683 | +€839 | +2.2% |
| Other operating charges | 640/8 | €5,995 | €2,581 | -€3,414 | -56.9% |
| Gross operating margin | 9900 | €206,985 | €179,703 | -€27,281 | -13.2% |
| Operating profit (loss) | 9901 | -€17,316 | €10,680 | +€27,996 | |
| Financial income | 75/76B | €171 | €114 | -€57 | -33.1% |
| Recurring financial income | 75 | €171 | €114 | -€57 | -33.1% |
| Financial charges | 65/66B | €6,383 | €4,406 | -€1,977 | -31.0% |
| Recurring financial charges | 65 | €6,383 | €4,406 | -€1,977 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,528 | €6,388 | +€29,916 | |
| Income taxes | 67/77 | - | €236 | +€236 | |
| Profit (loss) for the period | 9904 | -€23,528 | €6,152 | +€29,680 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,528 | €6,152 | +€29,680 |
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 27 October 2026 via checked.be.