Kapsuul: 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.
Kapsuul
Largest movements
- Tangible fixed assets -€8,506
down €8,506 (-16.4%), from €51,831 to €43,326
of which Furniture and vehicles: -€5,335
- Cash +€7,819
up €7,819 (+205.8%), from €3,799 to €11,618
mainly Net result for the year (+€181,891) and Trade debts (+€20,180)
- Receivables within one year -€2,401
down €2,401 (-1.6%), from €153,781 to €151,380
of which Other amounts receivable: -€12,692
- Trade debts +€20,180
up €20,180 (+57.7%), from €34,961 to €55,141
- Tax, wage and social debts -€18,701
down €18,701 (-16.2%), from €115,437 to €96,736
of which Taxes: -€20,461
- Other debts -€3,981
down €3,981 (-11.6%), from €34,367 to €30,386
- Gross operating margin +€73,915
up €73,915 (+39.8%), from €185,520 to €259,436
- Taxes +€13,477
up €13,477 (+25.0%), from €53,990 to €67,467
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 | €213,509 | €209,781 | -€3,728 | -1.7% |
| Fixed assets | 21/28 | €51,831 | €43,326 | -€8,506 | -16.4% |
| Tangible fixed assets | 22/27 | €51,831 | €43,326 | -€8,506 | -16.4% |
| Furniture and vehicles | 24 | €10,842 | €5,507 | -€5,335 | -49.2% |
| Other tangible fixed assets | 26 | €40,989 | €37,819 | -€3,170 | -7.7% |
| Current assets | 29/58 | €161,678 | €166,455 | +€4,778 | +3.0% |
| Amounts receivable within one year | 40/41 | €153,781 | €151,380 | -€2,401 | -1.6% |
| Trade receivables | 40 | €13,855 | €24,145 | +€10,291 | +74.3% |
| Other amounts receivable | 41 | €139,927 | €127,234 | -€12,692 | -9.1% |
| Cash at bank and in hand | 54/58 | €3,799 | €11,618 | +€7,819 | +205.8% |
| Deferred charges and accrued income | 490/1 | €4,098 | €3,458 | -€640 | -15.6% |
| Total equity and liabilities | 10/49 | €213,509 | €209,781 | -€3,728 | -1.7% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €194,909 | €191,181 | -€3,728 | -1.9% |
| Amounts payable within one year | 42/48 | €194,909 | €190,726 | -€4,183 | -2.1% |
| Financial debts | 43 | €10,144 | €8,463 | -€1,680 | -16.6% |
| Credit institutions | 430/8 | €10,144 | €8,463 | -€1,680 | -16.6% |
| Trade debts | 44 | €34,961 | €55,141 | +€20,180 | +57.7% |
| Suppliers | 440/4 | €34,961 | €55,141 | +€20,180 | +57.7% |
| Taxes, remuneration and social security | 45 | €115,437 | €96,736 | -€18,701 | -16.2% |
| Taxes | 450/3 | €115,437 | €94,976 | -€20,461 | -17.7% |
| Remuneration and social security | 454/9 | €0 | €1,760 | +€1,760 | |
| Other amounts payable | 47/48 | €34,367 | €30,386 | -€3,981 | -11.6% |
| Accrued charges and deferred income | 492/3 | €0 | €455 | +€455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,155 | €9,397 | -€758 | -7.5% |
| Other operating charges | 640/8 | €2,572 | €1,797 | -€775 | -30.1% |
| Gross operating margin | 9900 | €185,520 | €259,436 | +€73,915 | +39.8% |
| Operating profit (loss) | 9901 | €172,793 | €248,241 | +€75,448 | +43.7% |
| Financial income | 75/76B | €7,429 | €7,166 | -€263 | -3.5% |
| Recurring financial income | 75 | €7,429 | €7,166 | -€263 | -3.5% |
| Financial charges | 65/66B | €4,960 | €6,050 | +€1,090 | +22.0% |
| Recurring financial charges | 65 | €4,960 | €6,050 | +€1,090 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €175,262 | €249,358 | +€74,095 | +42.3% |
| Income taxes | 67/77 | €53,990 | €67,467 | +€13,477 | +25.0% |
| Profit (loss) for the period | 9904 | €121,272 | €181,891 | +€60,618 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €121,272 | €181,891 | +€60,618 | +50.0% |
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 4 October 2026 via checked.be.