Kaptac: 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.
Kaptac
Largest movements
- Receivables within one year +€9,957
up €9,957 (+103%), from €9,652 to €19,609
- Cash -€4,652
down €4,652 (-69.5%), from €6,694 to €2,042
mainly Receivables within one year (-€9,957) and Net result for the year (-€3,209)
- Stocks and contracts +€3,000
new in 2025: €3,000
- Tangible fixed assets -€2,337
down €2,337 (-12.0%), from €19,422 to €17,085
of which Land and buildings: -€1,944
- Deferred charges and accrued income +€1,183
new in 2025: €1,183
- Trade debts +€7,471
up €7,471 (+21,876%), from €34 to €7,505
- Reserves -€3,209
down €3,209 (-11.9%), from €26,871 to €23,662
- Other debts +€2,566
up €2,566 (+17,585%), from €15 to €2,580
- Gross operating margin -€35,251
down €35,251 (-100.0%), from €35,259 to €9
- Taxes -€6,718
no longer reported in 2025 (was €6,718)
- Depreciation +€1,326
up €1,326 (+105%), from €1,260 to €2,586
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 | €36,945 | €43,848 | +€6,903 | +18.7% |
| Fixed assets | 21/28 | €20,599 | €18,014 | -€2,586 | -12.6% |
| Intangible fixed assets | 21 | €1,177 | €928 | -€249 | -21.1% |
| Tangible fixed assets | 22/27 | €19,422 | €17,085 | -€2,337 | -12.0% |
| Land and buildings | 22 | €18,349 | €16,406 | -€1,944 | -10.6% |
| Plant, machinery and equipment | 23 | €1,073 | €680 | -€393 | -36.6% |
| Current assets | 29/58 | €16,346 | €25,834 | +€9,489 | +58.1% |
| Stocks and contracts in progress | 3 | - | €3,000 | +€3,000 | |
| Stocks | 30/36 | - | €3,000 | +€3,000 | |
| Amounts receivable within one year | 40/41 | €9,652 | €19,609 | +€9,957 | +103% |
| Trade receivables | 40 | €9,652 | €19,609 | +€9,957 | +103% |
| Cash at bank and in hand | 54/58 | €6,694 | €2,042 | -€4,652 | -69.5% |
| Deferred charges and accrued income | 490/1 | - | €1,183 | +€1,183 | |
| Total equity and liabilities | 10/49 | €36,945 | €43,848 | +€6,903 | +18.7% |
| Equity | 10/15 | €29,871 | €26,662 | -€3,209 | -10.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €26,871 | €23,662 | -€3,209 | -11.9% |
| Distributable reserves | 133 | €26,871 | €23,662 | -€3,209 | -11.9% |
| Amounts payable | 17/49 | €7,073 | €17,185 | +€10,112 | +143% |
| Amounts payable within one year | 42/48 | €7,073 | €17,185 | +€10,112 | +143% |
| Trade debts | 44 | €34 | €7,505 | +€7,471 | +21,876% |
| Suppliers | 440/4 | €34 | €7,505 | +€7,471 | +21,876% |
| Taxes, remuneration and social security | 45 | €7,025 | €7,100 | +€76 | +1.1% |
| Taxes | 450/3 | €7,025 | €600 | -€6,424 | -91.5% |
| Remuneration and social security | 454/9 | - | €6,500 | +€6,500 | |
| Other amounts payable | 47/48 | €15 | €2,580 | +€2,566 | +17,585% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,260 | €2,586 | +€1,326 | +105% |
| Other operating charges | 640/8 | €387 | €595 | +€207 | +53.5% |
| Gross operating margin | 9900 | €35,259 | €9 | -€35,251 | -100.0% |
| Operating profit (loss) | 9901 | €33,612 | -€3,172 | -€36,784 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €23 | €40 | +€17 | +75.4% |
| Recurring financial charges | 65 | €23 | €40 | +€17 | +75.4% |
| Profit (loss) for the period before taxes | 9903 | €33,589 | -€3,209 | -€36,798 | |
| Income taxes | 67/77 | €6,718 | - | -€6,718 | |
| Profit (loss) for the period | 9904 | €26,871 | -€3,209 | -€30,081 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,871 | -€3,209 | -€30,081 |
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 28 October 2026 via checked.be.