ORHAN KAPTAN: 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.
ORHAN KAPTAN
Largest movements
- Tangible fixed assets +€19,608
new in 2025: €19,608
- Cash +€13,860
up €13,860 (+86.2%), from €16,080 to €29,940
mainly Tax, wage and social debts (+€7,811) and Net result for the year (+€7,514)
- Tax, wage and social debts +€7,811
up €7,811 (+674%), from €1,159 to €8,970
of which Remuneration and social security: +€4,540
- Profit (loss) carried forward +€7,514
up €7,514 (+60.2%), from €12,483 to €19,997
- Other debts +€5,000
up €5,000 (+265%), from €1,884 to €6,884
- Trade debts +€4,647
up €4,647 (+145%), from €3,204 to €7,850
- Debts after one year +€4,593
new in 2025: €4,593
- Other operating charges +€2,489
up €2,489 (+3.8%), from €65,426 to €67,915
- Depreciation +€1,783
new in 2025: €1,783
- Staff costs -€1,069
no longer reported in 2025 (was €1,069)
- Financial charges +€815
up €815 (+361%), from €226 to €1,041
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,230 | €53,298 | +€33,067 | +163% |
| Fixed assets | 21/28 | - | €19,608 | +€19,608 | |
| Tangible fixed assets | 22/27 | - | €19,608 | +€19,608 | |
| Furniture and vehicles | 24 | - | €19,608 | +€19,608 | |
| Current assets | 29/58 | €20,230 | €33,690 | +€13,460 | +66.5% |
| Stocks and contracts in progress | 3 | €4,150 | €3,750 | -€400 | -9.6% |
| Stocks | 30/36 | €4,150 | €3,750 | -€400 | -9.6% |
| Cash at bank and in hand | 54/58 | €16,080 | €29,940 | +€13,860 | +86.2% |
| Total equity and liabilities | 10/49 | €20,230 | €53,298 | +€33,067 | +163% |
| Equity | 10/15 | €13,983 | €21,497 | +€7,514 | +53.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,483 | €19,997 | +€7,514 | +60.2% |
| Amounts payable | 17/49 | €6,247 | €31,801 | +€25,554 | +409% |
| Amounts payable after more than one year | 17 | - | €4,593 | +€4,593 | |
| Financial debts | 170/4 | - | €4,593 | +€4,593 | |
| Amounts payable within one year | 42/48 | €6,247 | €25,608 | +€19,361 | +310% |
| Current portion of amounts payable after more than one year | 42 | - | €1,903 | +€1,903 | |
| Trade debts | 44 | €3,204 | €7,850 | +€4,647 | +145% |
| Suppliers | 440/4 | €3,204 | €7,850 | +€4,647 | +145% |
| Taxes, remuneration and social security | 45 | €1,159 | €8,970 | +€7,811 | +674% |
| Taxes | 450/3 | €423 | €3,694 | +€3,271 | +773% |
| Remuneration and social security | 454/9 | €737 | €5,277 | +€4,540 | +616% |
| Other amounts payable | 47/48 | €1,884 | €6,884 | +€5,000 | +265% |
| Accrued charges and deferred income | 492/3 | - | €1,600 | +€1,600 | |
| Remuneration, social security and pensions | 62 | €1,069 | - | -€1,069 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,783 | +€1,783 | |
| Other operating charges | 640/8 | €65,426 | €67,915 | +€2,489 | +3.8% |
| Gross operating margin | 9900 | €78,502 | €78,252 | -€250 | -0.3% |
| Operating profit (loss) | 9901 | €12,008 | €8,554 | -€3,454 | -28.8% |
| Financial charges | 65/66B | €226 | €1,041 | +€815 | +361% |
| Recurring financial charges | 65 | €226 | €1,041 | +€815 | +361% |
| Profit (loss) for the period before taxes | 9903 | €11,782 | €7,514 | -€4,269 | -36.2% |
| Profit (loss) for the period | 9904 | €11,782 | €7,514 | -€4,269 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,782 | €7,514 | -€4,269 | -36.2% |
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 15 October 2026 via checked.be.