KPAR: 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.
KPAR
Largest movements
- Tangible fixed assets +€36,950
up €36,950 (+314.4%), from €11,751 to €48,701
of which Furniture and vehicles: +€35,314
- Cash +€28,368
up €28,368 (+29.0%), from €97,934 to €126,302
mainly Other debts (+€132,998) and Net result for the year (+€63,675)
- Other debts +€132,998
up €132,998 (+8586.1%), from €1,549 to €134,547
- Profit (loss) carried forward -€69,325
down €69,325 (-68.3%), from €101,524 to €32,199
- Gross operating margin +€48,531
up €48,531 (+98.4%), from €49,313 to €97,844
- Taxes +€11,405
up €11,405 (+102.3%), from €11,152 to €22,557
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 | €110,473 | €175,792 | +€65,319 | +59.1% |
| Fixed assets | 21/28 | €11,751 | €48,701 | +€36,950 | +314.4% |
| Tangible fixed assets | 22/27 | €11,751 | €48,701 | +€36,950 | +314.4% |
| Plant, machinery and equipment | 23 | - | €1,636 | +€1,636 | |
| Furniture and vehicles | 24 | €11,751 | €47,065 | +€35,314 | +300.5% |
| Current assets | 29/58 | €98,722 | €127,091 | +€28,369 | +28.7% |
| Amounts receivable within one year | 40/41 | €788 | €789 | +€1 | +0.1% |
| Other amounts receivable | 41 | €788 | €789 | +€1 | +0.1% |
| Cash at bank and in hand | 54/58 | €97,934 | €126,302 | +€28,368 | +29.0% |
| Total equity and liabilities | 10/49 | €110,473 | €175,792 | +€65,319 | +59.1% |
| Equity | 10/15 | €107,724 | €38,399 | -€69,325 | -64.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,524 | €32,199 | -€69,325 | -68.3% |
| Amounts payable | 17/49 | €2,749 | €137,393 | +€134,644 | +4897.9% |
| Amounts payable within one year | 42/48 | €2,749 | €137,393 | +€134,644 | +4897.9% |
| Trade debts | 44 | - | €288 | +€288 | |
| Suppliers | 440/4 | - | €288 | +€288 | |
| Taxes, remuneration and social security | 45 | €1,200 | €2,558 | +€1,358 | +113.2% |
| Taxes | 450/3 | €1,200 | €2,558 | +€1,358 | +113.2% |
| Other amounts payable | 47/48 | €1,549 | €134,547 | +€132,998 | +8586.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,043 | €9,800 | -€243 | -2.4% |
| Other operating charges | 640/8 | €1,490 | €1,619 | +€129 | +8.7% |
| Gross operating margin | 9900 | €49,313 | €97,844 | +€48,531 | +98.4% |
| Operating profit (loss) | 9901 | €37,780 | €86,425 | +€48,645 | +128.8% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €140 | €202 | +€62 | +44.3% |
| Recurring financial charges | 65 | €140 | €202 | +€62 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | €37,640 | €86,232 | +€48,592 | +129.1% |
| Income taxes | 67/77 | €11,152 | €22,557 | +€11,405 | +102.3% |
| Profit (loss) for the period | 9904 | €26,488 | €63,675 | +€37,187 | +140.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,488 | €63,675 | +€37,187 | +140.4% |
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 11 October 2026 via checked.be.