'T KAPELLEKE: 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.
'T KAPELLEKE
Largest movements
- Cash -€57,059
down €57,059 (-93.4%), from €61,067 to €4,008
mainly Debts after one year (-€43,383) and Current portion of long-term debt (-€15,548)
- Tangible fixed assets -€16,628
down €16,628 (-11.6%), from €143,883 to €127,255
of which Plant, machinery and equipment: -€17,226
- Receivables within one year +€4,177
up €4,177 (+220%), from €1,900 to €6,077
of which Trade receivables: +€4,448
- Debts after one year -€43,383
down €43,383 (-100%), from €43,383 to €0
- Current portion of long-term debt -€15,548
down €15,548 (-100%), from €15,548 to €0
- Trade debts -€4,856
down €4,856 (-41.9%), from €11,600 to €6,744
- Tax, wage and social debts -€4,125
down €4,125 (-100%), from €4,125 to €0
- Reserves -€2,967
down €2,967 (-3.5%), from €84,084 to €81,117
of which Distributable reserves: -€2,967
- Gross operating margin -€9,131
down €9,131 (-25.8%), from €35,383 to €26,252
- Taxes -€1,342
down €1,342 (-100%), from €1,342 to €0
- Depreciation -€599
down €599 (-3.2%), from €18,865 to €18,266
- Financial charges +€384
up €384 (+20.8%), from €1,847 to €2,231
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 | €208,955 | €137,840 | -€71,115 | -34.0% |
| Fixed assets | 21/28 | €143,883 | €127,255 | -€16,628 | -11.6% |
| Tangible fixed assets | 22/27 | €143,883 | €127,255 | -€16,628 | -11.6% |
| Land and buildings | 22 | €91,027 | €91,625 | +€597 | +0.7% |
| Plant, machinery and equipment | 23 | €52,856 | €35,630 | -€17,226 | -32.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €65,072 | €10,585 | -€54,487 | -83.7% |
| Stocks and contracts in progress | 3 | €947 | €0 | -€947 | -100% |
| Stocks | 30/36 | €947 | €0 | -€947 | -100% |
| Amounts receivable within one year | 40/41 | €1,900 | €6,077 | +€4,177 | +220% |
| Trade receivables | 40 | €1,450 | €5,898 | +€4,448 | +307% |
| Other amounts receivable | 41 | €450 | €179 | -€272 | -60.3% |
| Cash at bank and in hand | 54/58 | €61,067 | €4,008 | -€57,059 | -93.4% |
| Deferred charges and accrued income | 490/1 | €1,157 | €499 | -€658 | -56.8% |
| Total equity and liabilities | 10/49 | €208,955 | €137,840 | -€71,115 | -34.0% |
| Equity | 10/15 | €133,663 | €130,696 | -€2,967 | -2.2% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €84,084 | €81,117 | -€2,967 | -3.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €84,084 | €81,117 | -€2,967 | -3.5% |
| Amounts payable | 17/49 | €75,292 | €7,143 | -€68,149 | -90.5% |
| Amounts payable after more than one year | 17 | €43,383 | €0 | -€43,383 | -100% |
| Financial debts | 170/4 | €43,383 | €0 | -€43,383 | -100% |
| Amounts payable within one year | 42/48 | €31,521 | €6,744 | -€24,777 | -78.6% |
| Current portion of amounts payable after more than one year | 42 | €15,548 | €0 | -€15,548 | -100% |
| Trade debts | 44 | €11,600 | €6,744 | -€4,856 | -41.9% |
| Suppliers | 440/4 | €11,600 | €6,744 | -€4,856 | -41.9% |
| Taxes, remuneration and social security | 45 | €4,125 | €0 | -€4,125 | -100% |
| Taxes | 450/3 | €4,125 | €0 | -€4,125 | -100% |
| Other amounts payable | 47/48 | €248 | €0 | -€248 | -100% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating income | 76A | €5,000 | €0 | -€5,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,865 | €18,266 | -€599 | -3.2% |
| Other operating charges | 640/8 | €8,692 | €8,962 | +€270 | +3.1% |
| Gross operating margin | 9900 | €35,383 | €26,252 | -€9,131 | -25.8% |
| Operating profit (loss) | 9901 | €7,826 | -€976 | -€8,801 | |
| Financial income | 75/76B | €423 | €240 | -€183 | -43.3% |
| Recurring financial income | 75 | €423 | €240 | -€183 | -43.3% |
| Financial charges | 65/66B | €1,847 | €2,231 | +€384 | +20.8% |
| Recurring financial charges | 65 | €1,847 | €2,231 | +€384 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €6,401 | -€2,967 | -€9,368 | |
| Income taxes | 67/77 | €1,342 | €0 | -€1,342 | -100% |
| Profit (loss) for the period | 9904 | €5,060 | -€2,967 | -€8,026 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,060 | -€2,967 | -€8,026 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.