KAPSUL: 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.
KAPSUL
Largest movements
- Tangible fixed assets -€7,591
down €7,591 (-77.0%), from €9,858 to €2,267
- Cash -€2,596
down €2,596 (-61.7%), from €4,205 to €1,608
mainly Trade debts (-€3,719) and Net result for the year (-€3,442)
- Trade debts -€3,719
down €3,719 (-45.6%), from €8,157 to €4,439
- Profit (loss) carried forward -€3,442
down €3,442 (-28.9%), from -€11,930 to -€15,372
- Tax, wage and social debts -€1,508
down €1,508 (-92.3%), from €1,634 to €126
of which Remuneration and social security: -€1,500
- Other debts -€1,467
down €1,467 (-11.2%), from €13,074 to €11,607
- Gross operating margin -€14,809
down €14,809 (-72.0%), from €20,580 to €5,771
- Other operating charges -€380
down €380 (-22.4%), from €1,698 to €1,317
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 | €15,935 | €5,800 | -€10,136 | -63.6% |
| Fixed assets | 21/28 | €9,858 | €2,267 | -€7,591 | -77.0% |
| Tangible fixed assets | 22/27 | €9,858 | €2,267 | -€7,591 | -77.0% |
| Furniture and vehicles | 24 | €9,858 | €2,267 | -€7,591 | -77.0% |
| Current assets | 29/58 | €6,077 | €3,533 | -€2,545 | -41.9% |
| Amounts receivable within one year | 40/41 | €1,873 | €1,924 | +€52 | +2.8% |
| Trade receivables | 40 | €1,873 | €1,873 | = | 0.0% |
| Other amounts receivable | 41 | - | €52 | +€52 | |
| Cash at bank and in hand | 54/58 | €4,205 | €1,608 | -€2,596 | -61.7% |
| Total equity and liabilities | 10/49 | €15,935 | €5,800 | -€10,136 | -63.6% |
| Equity | 10/15 | -€6,930 | -€10,372 | -€3,442 | -49.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,930 | -€15,372 | -€3,442 | -28.9% |
| Amounts payable | 17/49 | €22,865 | €16,172 | -€6,693 | -29.3% |
| Amounts payable within one year | 42/48 | €22,865 | €16,172 | -€6,693 | -29.3% |
| Trade debts | 44 | €8,157 | €4,439 | -€3,719 | -45.6% |
| Suppliers | 440/4 | €8,157 | €4,439 | -€3,719 | -45.6% |
| Taxes, remuneration and social security | 45 | €1,634 | €126 | -€1,508 | -92.3% |
| Taxes | 450/3 | €134 | €126 | -€8 | -5.6% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €13,074 | €11,607 | -€1,467 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,591 | €7,591 | = | 0.0% |
| Other operating charges | 640/8 | €1,698 | €1,317 | -€380 | -22.4% |
| Gross operating margin | 9900 | €20,580 | €5,771 | -€14,809 | -72.0% |
| Operating profit (loss) | 9901 | €11,291 | -€3,138 | -€14,429 | |
| Financial income | 75/76B | €83 | - | -€83 | |
| Recurring financial income | 75 | €83 | - | -€83 | |
| Financial charges | 65/66B | €471 | €305 | -€166 | -35.3% |
| Recurring financial charges | 65 | €471 | €305 | -€166 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €10,903 | -€3,442 | -€14,346 | |
| Profit (loss) for the period | 9904 | €10,903 | -€3,442 | -€14,346 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,903 | -€3,442 | -€14,346 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.