KAPSTAS: what changed
Two fiscal 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.
KAPSTAS
Largest movements
- Tangible fixed assets -€7,796
down €7,796 (-7.5%), from €104,391 to €96,595
of which Land and buildings: -€7,006
- Profit (loss) carried forward -€8,805
down €8,805 (-9.8%), from -€89,972 to -€98,777
- Gross operating margin +€2,287
up €2,287, from -€1,438 to €849
- Depreciation +€1,222
up €1,222 (+18.6%), from €6,574 to €7,796
- Financial income -€83
down €83 (-81.9%), from €102 to €18
- Other operating charges +€62
up €62 (+3.6%), from €1,740 to €1,802
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.
Cash bridge derived
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 | €108,343 | €99,592 | -€8,751 | -8.1% |
| Fixed assets | 21/28 | €104,441 | €96,644 | -€7,796 | -7.5% |
| Tangible fixed assets | 22/27 | €104,391 | €96,595 | -€7,796 | -7.5% |
| Land and buildings | 22 | €98,637 | €91,631 | -€7,006 | -7.1% |
| Plant, machinery and equipment | 23 | €5,754 | €4,963 | -€791 | -13.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €3,902 | €2,947 | -€955 | -24.5% |
| Amounts receivable within one year | 40/41 | €124 | €6 | -€118 | -95.5% |
| Other amounts receivable | 41 | €124 | €6 | -€118 | -95.5% |
| Cash at bank and in hand | 54/58 | €3,715 | €2,874 | -€842 | -22.7% |
| Deferred charges and accrued income | 490/1 | €63 | €68 | +€5 | +8.4% |
| Total equity and liabilities | 10/49 | €108,343 | €99,592 | -€8,751 | -8.1% |
| Equity | 10/15 | €108,343 | €99,538 | -€8,805 | -8.1% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Capital | 10 | €198,315 | €198,315 | = | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,972 | -€98,777 | -€8,805 | -9.8% |
| Amounts payable | 17/49 | - | €54 | +€54 | |
| Amounts payable after more than one year | 17 | - | €54 | +€54 | |
| Other amounts payable | 178/9 | - | €54 | +€54 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,574 | €7,796 | +€1,222 | +18.6% |
| Other operating charges | 640/8 | €1,740 | €1,802 | +€62 | +3.6% |
| Gross operating margin | 9900 | -€1,438 | €849 | +€2,287 | |
| Operating profit (loss) | 9901 | -€9,752 | -€8,750 | +€1,002 | +10.3% |
| Financial income | 75/76B | €102 | €18 | -€83 | -81.9% |
| Recurring financial income | 75 | €102 | €18 | -€83 | -81.9% |
| Financial charges | 65/66B | €69 | €74 | +€5 | +6.5% |
| Recurring financial charges | 65 | €69 | €74 | +€5 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,719 | -€8,805 | +€914 | +9.4% |
| Profit (loss) for the period | 9904 | -€9,719 | -€8,805 | +€914 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,719 | -€8,805 | +€914 | +9.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.