KASPERS - LANDEN: 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.
What changed
KASPERS - LANDEN
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€471,441
2024 · €415,931+€55,510
Equity
€929,179
2024 · €852,314+€76,866
Cash
€115,356
2024 · €6,444+€108,912
Balance sheet total
€4.1m
2024 · €4.1m+€38,797
Largest movements
Assets
- Tangible fixed assets -€140,491
down €140,491 (-8.2%), from €1.7m to €1.6m
of which Land and buildings: -€95,612
- Cash +€108,912
up €108,912 (+1,690%), from €6,444 to €115,356
mainly Net result for the year (+€471,441) and Accrued charges and deferred income (+€250,400)
- Receivables within one year +€84,943
up €84,943 (+4.3%), from €2.0m to €2.1m
of which Trade receivables: +€182,384
Equity and liabilities
- Debts after one year -€322,486
down €322,486 (-24.6%), from €1.3m to €991,033
- Accrued charges and deferred income +€250,400
up €250,400 (+2,545%), from €9,838 to €260,238
- Other debts +€161,500
up €161,500 (+37.5%), from €430,150 to €591,650
- Current portion of long-term debt -€124,410
down €124,410 (-27.8%), from €446,896 to €322,486
- Profit (loss) carried forward +€81,852
up €81,852 (+21.9%), from €374,551 to €456,403
Income statement
- Gross operating margin +€90,482
up €90,482 (+7.2%), from €1.3m to €1.4m
- Taxes +€20,123
up €20,123 (+171%), from €11,754 to €31,877
- Staff costs +€15,027
up €15,027 (+2.5%), from €597,156 to €612,183
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.
Result 2024
€415,931
Gross operating margin
+€90,482
Staff costs
-€15,027
Depreciation
-€410
Write-downs
-€3,576
Other operating charges
+€3,090
Other operating items
-€9,990
Financial income
+€3,940
Financial charges
+€7,743
Taxes
-€20,123
Deferred taxes and other
-€621
Result 2025
€471,441
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.0m
Investment
-€1,245
Financing
-€903,081
Cash 2024
€6,444
From operations (derived)
+€1.0m
Net result for the year
+€471,441
Depreciation
+€141,736
Stocks and contracts
+€25,988
Receivables within one year
-€84,943
Deferred charges and accrued income
-€11,421
Provisions
-€8,895
Trade debts
+€22,650
Tax, wage and social debts
+€44,782
Other debts
+€161,500
Accrued charges and deferred income
+€250,400
Investment (derived)
-€1,245
Investment in fixed assets (net)
-€1,245
Financing
-€903,081
Debts after one year
-€322,486
Current portion of long-term debt
-€124,410
Short-term financial debts
-€61,610
Contributions, distributions and other
-€394,575
Cash 2025
€115,356
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,073,396 | €4,112,193 | +€38,797 | +1.0% |
| Fixed assets | 21/28 | €1,708,471 | €1,567,979 | -€140,491 | -8.2% |
| Tangible fixed assets | 22/27 | €1,708,471 | €1,567,979 | -€140,491 | -8.2% |
| Land and buildings | 22 | €1,584,519 | €1,488,908 | -€95,612 | -6.0% |
| Plant, machinery and equipment | 23 | €46,464 | €26,835 | -€19,629 | -42.2% |
| Furniture and vehicles | 24 | €77,488 | €52,236 | -€25,251 | -32.6% |
| Current assets | 29/58 | €2,364,925 | €2,544,214 | +€179,289 | +7.6% |
| Stocks and contracts in progress | 3 | €348,029 | €322,041 | -€25,988 | -7.5% |
| Stocks | 30/36 | €348,029 | €322,041 | -€25,988 | -7.5% |
| Amounts receivable within one year | 40/41 | €1,986,809 | €2,071,752 | +€84,943 | +4.3% |
| Trade receivables | 40 | €183,743 | €366,126 | +€182,384 | +99.3% |
| Other amounts receivable | 41 | €1,803,066 | €1,705,625 | -€97,440 | -5.4% |
| Cash at bank and in hand | 54/58 | €6,444 | €115,356 | +€108,912 | +1,690% |
| Deferred charges and accrued income | 490/1 | €23,644 | €35,065 | +€11,421 | +48.3% |
| Total equity and liabilities | 10/49 | €4,073,396 | €4,112,193 | +€38,797 | +1.0% |
| Equity | 10/15 | €852,314 | €929,179 | +€76,866 | +9.0% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €392,762 | €387,776 | -€4,986 | -1.3% |
| Tax-exempt reserves | 132 | €216,034 | €211,048 | -€4,986 | -2.3% |
| Distributable reserves | 133 | €176,728 | €176,728 | = | 0.0% |
| Profit (loss) carried forward | 14 | €374,551 | €456,403 | +€81,852 | +21.9% |
| Provisions and deferred taxes | 16 | €226,197 | €217,301 | -€8,895 | -3.9% |
| Provisions for liabilities and charges | 160/5 | €200,000 | €200,000 | = | 0.0% |
| Environmental obligations | 163 | €200,000 | - | -€200,000 | |
| Other liabilities and charges | 164/5 | - | €200,000 | +€200,000 | |
| Deferred taxes | 168 | €26,197 | €17,301 | -€8,895 | -34.0% |
| Amounts payable | 17/49 | €2,994,886 | €2,965,712 | -€29,173 | -1.0% |
| Amounts payable after more than one year | 17 | €1,313,519 | €991,033 | -€322,486 | -24.6% |
| Financial debts | 170/4 | €1,313,519 | €991,033 | -€322,486 | -24.6% |
| Amounts payable within one year | 42/48 | €1,671,529 | €1,714,442 | +€42,913 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €446,896 | €322,486 | -€124,410 | -27.8% |
| Financial debts | 43 | €178,615 | €117,005 | -€61,610 | -34.5% |
| Credit institutions | 430/8 | €178,615 | €117,005 | -€61,610 | -34.5% |
| Trade debts | 44 | €523,865 | €546,516 | +€22,650 | +4.3% |
| Suppliers | 440/4 | €523,865 | €546,516 | +€22,650 | +4.3% |
| Taxes, remuneration and social security | 45 | €92,003 | €136,785 | +€44,782 | +48.7% |
| Taxes | 450/3 | €34,530 | €29,376 | -€5,154 | -14.9% |
| Remuneration and social security | 454/9 | €57,473 | €107,409 | +€49,936 | +86.9% |
| Other amounts payable | 47/48 | €430,150 | €591,650 | +€161,500 | +37.5% |
| Accrued charges and deferred income | 492/3 | €9,838 | €260,238 | +€250,400 | +2,545% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €597,156 | €612,183 | +€15,027 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,326 | €141,736 | +€410 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,576 | €0 | +€3,576 | |
| Other operating charges | 640/8 | €44,598 | €41,508 | -€3,090 | -6.9% |
| Non-recurring operating charges | 66A | - | €9,990 | +€9,990 | |
| Gross operating margin | 9900 | €1,261,829 | €1,352,311 | +€90,482 | +7.2% |
| Operating profit (loss) | 9901 | €482,326 | €546,895 | +€64,569 | +13.4% |
| Financial income | 75/76B | €21,737 | €25,677 | +€3,940 | +18.1% |
| Recurring financial income | 75 | €21,737 | €25,677 | +€3,940 | +18.1% |
| Financial charges | 65/66B | €80,468 | €72,725 | -€7,743 | -9.6% |
| Recurring financial charges | 65 | €80,468 | €72,725 | -€7,743 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €423,595 | €499,847 | +€76,253 | +18.0% |
| Transfer from deferred taxes | 780 | €4,091 | €3,470 | -€621 | -15.2% |
| Income taxes | 67/77 | €11,754 | €31,877 | +€20,123 | +171% |
| Profit (loss) for the period | 9904 | €415,931 | €471,441 | +€55,510 | +13.3% |
| Transfer from tax-exempt reserves | 789 | €9,791 | €10,411 | +€621 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €425,722 | €481,852 | +€56,130 | +13.2% |
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 24 October 2026 via checked.be.