'T KAPITTEL: 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 KAPITTEL
Largest movements
- Tangible fixed assets -€21,789
down €21,789 (-21.7%), from €100,605 to €78,816
- Cash +€4,977
up €4,977 (+8.9%), from €55,650 to €60,627
mainly Depreciation (+€21,789) and Tax, wage and social debts (+€3,340)
- Debts after one year -€19,936
down €19,936 (-44.8%), from €44,453 to €24,517
- Tax, wage and social debts +€3,340
up €3,340 (+208%), from €1,609 to €4,949
of which Remuneration and social security: +€2,250
- Trade debts -€2,595
down €2,595 (-27.1%), from €9,589 to €6,994
- Reserves +€1,924
up €1,924 (+2.6%), from €73,405 to €75,329
of which Distributable reserves: +€1,924
- Gross operating margin +€38,880
up €38,880, from -€9,828 to €29,052
- Depreciation -€977
down €977 (-4.3%), from €22,766 to €21,789
- Other operating charges +€631
up €631 (+23.7%), from €2,663 to €3,293
- Financial charges -€566
down €566 (-20.9%), from €2,703 to €2,137
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 | €170,902 | €153,624 | -€17,279 | -10.1% |
| Fixed assets | 21/28 | €100,605 | €78,816 | -€21,789 | -21.7% |
| Tangible fixed assets | 22/27 | €100,605 | €78,816 | -€21,789 | -21.7% |
| Land and buildings | 22 | €59,426 | €52,045 | -€7,381 | -12.4% |
| Plant, machinery and equipment | 23 | €13,854 | €10,996 | -€2,859 | -20.6% |
| Furniture and vehicles | 24 | €2,418 | €209 | -€2,209 | -91.4% |
| Leasing and similar rights | 25 | €24,907 | €15,567 | -€9,340 | -37.5% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €70,297 | €74,807 | +€4,511 | +6.4% |
| Stocks and contracts in progress | 3 | €3,182 | €3,157 | -€25 | -0.8% |
| Stocks | 30/36 | €3,182 | €3,157 | -€25 | -0.8% |
| Amounts receivable within one year | 40/41 | €11,192 | €10,750 | -€441 | -3.9% |
| Other amounts receivable | 41 | €11,192 | €10,750 | -€441 | -3.9% |
| Cash at bank and in hand | 54/58 | €55,650 | €60,627 | +€4,977 | +8.9% |
| Deferred charges and accrued income | 490/1 | €273 | €273 | = | 0.0% |
| Total equity and liabilities | 10/49 | €170,902 | €153,624 | -€17,279 | -10.1% |
| Equity | 10/15 | €91,997 | €93,921 | +€1,924 | +2.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €73,405 | €75,329 | +€1,924 | +2.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €71,546 | €73,470 | +€1,924 | +2.7% |
| Amounts payable | 17/49 | €78,905 | €59,703 | -€19,202 | -24.3% |
| Amounts payable after more than one year | 17 | €44,453 | €24,517 | -€19,936 | -44.8% |
| Financial debts | 170/4 | €44,453 | €24,517 | -€19,936 | -44.8% |
| Amounts payable within one year | 42/48 | €34,452 | €35,186 | +€733 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €20,754 | €20,742 | -€12 | -0.1% |
| Trade debts | 44 | €9,589 | €6,994 | -€2,595 | -27.1% |
| Suppliers | 440/4 | €9,589 | €6,994 | -€2,595 | -27.1% |
| Taxes, remuneration and social security | 45 | €1,609 | €4,949 | +€3,340 | +208% |
| Taxes | 450/3 | €1,609 | €2,699 | +€1,090 | +67.8% |
| Remuneration and social security | 454/9 | - | €2,250 | +€2,250 | |
| Other amounts payable | 47/48 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,766 | €21,789 | -€977 | -4.3% |
| Other operating charges | 640/8 | €2,663 | €3,293 | +€631 | +23.7% |
| Gross operating margin | 9900 | -€9,828 | €29,052 | +€38,880 | |
| Operating profit (loss) | 9901 | -€35,257 | €3,970 | +€39,226 | |
| Financial income | 75/76B | €590 | €338 | -€252 | -42.7% |
| Recurring financial income | 75 | €590 | €338 | -€252 | -42.7% |
| Financial charges | 65/66B | €2,703 | €2,137 | -€566 | -20.9% |
| Recurring financial charges | 65 | €2,703 | €2,137 | -€566 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | -€37,369 | €2,171 | +€39,540 | |
| Income taxes | 67/77 | -€20 | €247 | +€267 | |
| Profit (loss) for the period | 9904 | -€37,350 | €1,924 | +€39,273 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,350 | €1,924 | +€39,273 |
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 19 October 2026 via checked.be.