KASPER: 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.
KASPER
Largest movements
- Stocks and contracts -€3,426
no longer reported in 2025 (was €3,426)
- Receivables within one year -€2,674
down €2,674 (-17.9%), from €14,939 to €12,265
- Tangible fixed assets -€1,260
down €1,260 (-41.2%), from €3,061 to €1,801
- Cash -€520
down €520 (-8.6%), from €6,069 to €5,549
mainly Other debts (-€53,693) and Trade debts (-€5,573)
- Other debts -€53,693
down €53,693 (-92.6%), from €57,972 to €4,279
- Profit (loss) carried forward +€52,146
up €52,146 (+89.8%), from -€58,099 to -€5,953
- Trade debts -€5,573
down €5,573 (-34.0%), from €16,378 to €10,805
- Tax, wage and social debts -€760
down €760 (-15.1%), from €5,044 to €4,284
- Gross operating margin +€26,564
up €26,564 (+88.9%), from €29,866 to €56,430
- Financial charges +€1,034
up €1,034 (+58.9%), from €1,757 to €2,791
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 | €27,495 | €19,615 | -€7,880 | -28.7% |
| Fixed assets | 21/28 | €3,061 | €1,801 | -€1,260 | -41.2% |
| Tangible fixed assets | 22/27 | €3,061 | €1,801 | -€1,260 | -41.2% |
| Furniture and vehicles | 24 | €3,061 | €1,801 | -€1,260 | -41.2% |
| Current assets | 29/58 | €24,434 | €17,814 | -€6,620 | -27.1% |
| Stocks and contracts in progress | 3 | €3,426 | - | -€3,426 | |
| Stocks | 30/36 | €3,426 | - | -€3,426 | |
| Amounts receivable within one year | 40/41 | €14,939 | €12,265 | -€2,674 | -17.9% |
| Trade receivables | 40 | €14,939 | €12,265 | -€2,674 | -17.9% |
| Cash at bank and in hand | 54/58 | €6,069 | €5,549 | -€520 | -8.6% |
| Total equity and liabilities | 10/49 | €27,495 | €19,615 | -€7,880 | -28.7% |
| Equity | 10/15 | -€51,899 | €247 | +€52,146 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,099 | -€5,953 | +€52,146 | +89.8% |
| Amounts payable | 17/49 | €79,393 | €19,368 | -€60,025 | -75.6% |
| Amounts payable within one year | 42/48 | €79,393 | €19,368 | -€60,025 | -75.6% |
| Trade debts | 44 | €16,378 | €10,805 | -€5,573 | -34.0% |
| Suppliers | 440/4 | €16,378 | €10,805 | -€5,573 | -34.0% |
| Taxes, remuneration and social security | 45 | €5,044 | €4,284 | -€760 | -15.1% |
| Taxes | 450/3 | €5,044 | €4,284 | -€760 | -15.1% |
| Other amounts payable | 47/48 | €57,972 | €4,279 | -€53,693 | -92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,260 | €1,260 | = | 0.0% |
| Other operating charges | 640/8 | €370 | €258 | -€112 | -30.2% |
| Gross operating margin | 9900 | €29,866 | €56,430 | +€26,564 | +88.9% |
| Operating profit (loss) | 9901 | €28,236 | €54,912 | +€26,676 | +94.5% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €1,757 | €2,791 | +€1,034 | +58.9% |
| Recurring financial charges | 65 | €1,757 | €2,791 | +€1,034 | +58.9% |
| Profit (loss) for the period before taxes | 9903 | €26,479 | €52,146 | +€25,667 | +96.9% |
| Profit (loss) for the period | 9904 | €26,479 | €52,146 | +€25,667 | +96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,479 | €52,146 | +€25,667 | +96.9% |
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 7 October 2026 via checked.be.