KAPUS: 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.
KAPUS
Largest movements
- Cash +€17,204
up €17,204 (+236%), from €7,280 to €24,484
mainly Net result for the year (+€42,429) and Depreciation (+€11,701)
- Tangible fixed assets -€11,701
down €11,701 (-13.1%), from €89,111 to €77,410
of which Plant, machinery and equipment: -€9,044
- Receivables within one year +€4,686
up €4,686 (+22.6%), from €20,728 to €25,414
- Deferred charges and accrued income -€1,854
down €1,854 (-83.1%), from €2,230 to €376
- Reserves +€11,241
up €11,241 (+10.0%), from €112,703 to €123,945
- Other debts -€2,836
no longer reported in 2025 (was €2,836)
- Gross operating margin +€26,120
up €26,120 (+46.3%), from €56,421 to €82,541
- Taxes +€7,684
up €7,684 (+58.9%), from €13,056 to €20,740
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 | €119,350 | €127,685 | +€8,335 | +7.0% |
| Fixed assets | 21/28 | €89,111 | €77,410 | -€11,701 | -13.1% |
| Tangible fixed assets | 22/27 | €89,111 | €77,410 | -€11,701 | -13.1% |
| Land and buildings | 22 | €55,885 | €53,228 | -€2,657 | -4.8% |
| Plant, machinery and equipment | 23 | €33,225 | €24,182 | -€9,044 | -27.2% |
| Current assets | 29/58 | €30,239 | €50,275 | +€20,036 | +66.3% |
| Amounts receivable within one year | 40/41 | €20,728 | €25,414 | +€4,686 | +22.6% |
| Other amounts receivable | 41 | €20,728 | €25,414 | +€4,686 | +22.6% |
| Cash at bank and in hand | 54/58 | €7,280 | €24,484 | +€17,204 | +236% |
| Deferred charges and accrued income | 490/1 | €2,230 | €376 | -€1,854 | -83.1% |
| Total equity and liabilities | 10/49 | €119,350 | €127,685 | +€8,335 | +7.0% |
| Equity | 10/15 | €112,703 | €123,945 | +€11,241 | +10.0% |
| Reserves | 13 | €112,703 | €123,945 | +€11,241 | +10.0% |
| Distributable reserves | 133 | €112,703 | €123,945 | +€11,241 | +10.0% |
| Amounts payable | 17/49 | €6,647 | €3,740 | -€2,906 | -43.7% |
| Amounts payable within one year | 42/48 | €5,892 | €3,740 | -€2,152 | -36.5% |
| Taxes, remuneration and social security | 45 | €3,056 | €3,740 | +€684 | +22.4% |
| Taxes | 450/3 | €3,056 | €3,740 | +€684 | +22.4% |
| Other amounts payable | 47/48 | €2,836 | - | -€2,836 | |
| Accrued charges and deferred income | 492/3 | €755 | - | -€755 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,006 | €11,701 | +€695 | +6.3% |
| Other operating charges | 640/8 | €7,220 | €7,446 | +€226 | +3.1% |
| Gross operating margin | 9900 | €56,421 | €82,541 | +€26,120 | +46.3% |
| Operating profit (loss) | 9901 | €38,195 | €63,394 | +€25,199 | +66.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €264 | €225 | -€39 | -14.6% |
| Recurring financial charges | 65 | €264 | €225 | -€39 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €37,932 | €63,169 | +€25,237 | +66.5% |
| Income taxes | 67/77 | €13,056 | €20,740 | +€7,684 | +58.9% |
| Profit (loss) for the period | 9904 | €24,876 | €42,429 | +€17,553 | +70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,876 | €42,429 | +€17,553 | +70.6% |
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 13 October 2026 via checked.be.