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
- Tangible fixed assets -€93,975
down €93,975 (-2.8%), from €3.4m to €3.3m
- Trade debts -€59,124
down €59,124 (-89.7%), from €65,915 to €6,791
- Reserves -€52,009
down €52,009 (-7.5%), from €697,989 to €645,980
- Gross operating margin +€41,908
up €41,908 (+57.3%), from €73,087 to €114,994
- Other operating charges +€13,597
up €13,597 (+2609.5%), from €521 to €14,118
- Financial charges +€12,894
up €12,894 (+28.0%), from €46,016 to €58,910
- Depreciation +€9,398
up €9,398 (+11.1%), from €84,578 to €93,975
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 | €3,395,695 | €3,315,635 | -€80,060 | -2.4% |
| Fixed assets | 21/28 | €3,374,769 | €3,280,794 | -€93,975 | -2.8% |
| Tangible fixed assets | 22/27 | €3,374,769 | €3,280,794 | -€93,975 | -2.8% |
| Land and buildings | 22 | €3,374,769 | €3,280,794 | -€93,975 | -2.8% |
| Current assets | 29/58 | €20,926 | €34,841 | +€13,915 | +66.5% |
| Amounts receivable within one year | 40/41 | €20,054 | €6,140 | -€13,914 | -69.4% |
| Trade receivables | 40 | €20,031 | €6,140 | -€13,891 | -69.3% |
| Other amounts receivable | 41 | €23 | €0 | -€23 | -100.0% |
| Cash at bank and in hand | 54/58 | €343 | €28,366 | +€28,024 | +8181.4% |
| Deferred charges and accrued income | 490/1 | €530 | €336 | -€194 | -36.7% |
| Total equity and liabilities | 10/49 | €3,395,695 | €3,315,635 | -€80,060 | -2.4% |
| Equity | 10/15 | €1,492,989 | €1,440,980 | -€52,009 | -3.5% |
| Contributions | 10/11 | €795,000 | €795,000 | = | 0.0% |
| Reserves | 13 | €697,989 | €645,980 | -€52,009 | -7.5% |
| Distributable reserves | 133 | €697,989 | €645,980 | -€52,009 | -7.5% |
| Amounts payable | 17/49 | €1,902,707 | €1,874,656 | -€28,051 | -1.5% |
| Amounts payable after more than one year | 17 | €1,790,811 | €1,808,997 | +€18,187 | +1.0% |
| Other amounts payable | 178/9 | €1,790,811 | €1,808,997 | +€18,187 | +1.0% |
| Amounts payable within one year | 42/48 | €65,915 | €6,791 | -€59,124 | -89.7% |
| Trade debts | 44 | €65,915 | €6,791 | -€59,124 | -89.7% |
| Suppliers | 440/4 | €65,915 | €6,791 | -€59,124 | -89.7% |
| Accrued charges and deferred income | 492/3 | €45,981 | €58,867 | +€12,886 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,578 | €93,975 | +€9,398 | +11.1% |
| Other operating charges | 640/8 | €521 | €14,118 | +€13,597 | +2609.5% |
| Gross operating margin | 9900 | €73,087 | €114,994 | +€41,908 | +57.3% |
| Operating profit (loss) | 9901 | -€12,012 | €6,901 | +€18,914 | |
| Financial charges | 65/66B | €46,016 | €58,910 | +€12,894 | +28.0% |
| Recurring financial charges | 65 | €46,016 | €58,910 | +€12,894 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | -€58,028 | -€52,009 | +€6,019 | +10.4% |
| Income taxes | 67/77 | €217 | €0 | -€217 | -100.0% |
| Profit (loss) for the period | 9904 | -€58,245 | -€52,009 | +€6,236 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,245 | -€52,009 | +€6,236 | +10.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.