KASPO: 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.
KASPO
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash +€95,903
up €95,903 (+143.5%), from €66,835 to €162,739
mainly Other debts (+€200,777) and Current investments (+€100,000)
- Tangible fixed assets +€8,271
up €8,271 (+228.6%), from €3,619 to €11,890
of which Furniture and vehicles: +€8,953
- Receivables within one year -€4,514
down €4,514 (-9.0%), from €50,172 to €45,658
of which Trade receivables: -€4,971
- Other debts +€200,777
up €200,777 (+14786.6%), from €1,358 to €202,134
- Reserves -€184,728
no longer reported in 2025 (was €184,728)
- Tax, wage and social debts -€18,635
down €18,635 (-57.9%), from €32,170 to €13,534
- Trade debts +€2,357
up €2,357 (+152.2%), from €1,548 to €3,905
- Gross operating margin +€3,233
up €3,233 (+2.8%), from €113,621 to €116,854
- Financial income +€2,482
up €2,482 (+400.0%), from €620 to €3,102
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 | €222,804 | €222,574 | -€230 | -0.1% |
| Fixed assets | 21/28 | €3,619 | €11,890 | +€8,271 | +228.6% |
| Tangible fixed assets | 22/27 | €3,619 | €11,890 | +€8,271 | +228.6% |
| Plant, machinery and equipment | 23 | €1,983 | €1,301 | -€682 | -34.4% |
| Furniture and vehicles | 24 | €1,636 | €10,589 | +€8,953 | +547.4% |
| Current assets | 29/58 | €219,185 | €210,684 | -€8,501 | -3.9% |
| Amounts receivable within one year | 40/41 | €50,172 | €45,658 | -€4,514 | -9.0% |
| Trade receivables | 40 | €50,172 | €45,201 | -€4,971 | -9.9% |
| Other amounts receivable | 41 | - | €457 | +€457 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €66,835 | €162,739 | +€95,903 | +143.5% |
| Deferred charges and accrued income | 490/1 | €2,178 | €2,287 | +€110 | +5.0% |
| Total equity and liabilities | 10/49 | €222,804 | €222,574 | -€230 | -0.1% |
| Equity | 10/15 | €187,728 | €3,000 | -€184,728 | -98.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €184,728 | - | -€184,728 | |
| Distributable reserves | 133 | €184,728 | - | -€184,728 | |
| Amounts payable | 17/49 | €35,076 | €219,574 | +€184,498 | +526.0% |
| Amounts payable within one year | 42/48 | €35,076 | €219,574 | +€184,498 | +526.0% |
| Trade debts | 44 | €1,548 | €3,905 | +€2,357 | +152.2% |
| Suppliers | 440/4 | €1,548 | €3,905 | +€2,357 | +152.2% |
| Taxes, remuneration and social security | 45 | €32,170 | €13,534 | -€18,635 | -57.9% |
| Taxes | 450/3 | €32,170 | €13,534 | -€18,635 | -57.9% |
| Other amounts payable | 47/48 | €1,358 | €202,134 | +€200,777 | +14786.6% |
| Remuneration, social security and pensions | 62 | €1,741 | €1,405 | -€336 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,515 | €2,157 | +€642 | +42.4% |
| Other operating charges | 640/8 | €209 | €208 | -€1 | -0.5% |
| Gross operating margin | 9900 | €113,621 | €116,854 | +€3,233 | +2.8% |
| Operating profit (loss) | 9901 | €110,156 | €113,084 | +€2,928 | +2.7% |
| Financial income | 75/76B | €620 | €3,102 | +€2,482 | +400.0% |
| Recurring financial income | 75 | €620 | €3,102 | +€2,482 | +400.0% |
| Financial charges | 65/66B | €129 | €123 | -€6 | -4.4% |
| Recurring financial charges | 65 | €129 | €123 | -€6 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €110,648 | €116,063 | +€5,416 | +4.9% |
| Income taxes | 67/77 | €23,721 | €24,740 | +€1,019 | +4.3% |
| Profit (loss) for the period | 9904 | €86,927 | €91,324 | +€4,397 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €86,927 | €91,324 | +€4,397 | +5.1% |
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 4 October 2026 via checked.be.