‘t Kapoentje: what changed
‘t Kapoentje
Largest movements
- Cash -€108,468
down €108,468 (-90.2%), from €120,263 to €11,795
mainly Investment in fixed assets (net) (-€124,066) and Receivables within one year (-€20,530)
- Tangible fixed assets +€101,602
up €101,602 (+141%), from €72,115 to €173,718
of which Other tangible fixed assets: +€108,090
- Receivables within one year +€20,530
up €20,530 (+268%), from €7,665 to €28,195
of which Other amounts receivable: +€19,724
- Deferred charges and accrued income +€8,836
up €8,836 (+616%), from €1,435 to €10,272
- Reserves +€34,599
up €34,599 (+32.8%), from €105,619 to €140,218
- Debts after one year -€9,217
down €9,217 (-28.1%), from €32,758 to €23,541
- Tax, wage and social debts -€2,380
down €2,380 (-6.9%), from €34,425 to €32,045
of which Taxes: -€3,818
- Gross operating margin -€67,729
down €67,729 (-25.9%), from €261,688 to €193,959
- Taxes -€10,808
down €10,808 (-36.9%), from €29,300 to €18,492
- Depreciation +€10,403
up €10,403 (+86.3%), from €12,060 to €22,463
- Staff costs +€6,843
up €6,843 (+6.5%), from €104,500 to €111,343
- Other operating charges -€3,442
down €3,442 (-39.9%), from €8,621 to €5,179
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,479 | €223,979 | +€22,501 | +11.2% |
| Fixed assets | 21/28 | €72,115 | €173,718 | +€101,602 | +141% |
| Tangible fixed assets | 22/27 | €72,115 | €173,718 | +€101,602 | +141% |
| Plant, machinery and equipment | 23 | €1,698 | €6,838 | +€5,141 | +303% |
| Furniture and vehicles | 24 | €51,650 | €40,022 | -€11,628 | -22.5% |
| Other tangible fixed assets | 26 | €18,767 | €126,857 | +€108,090 | +576% |
| Current assets | 29/58 | €129,363 | €50,262 | -€79,102 | -61.1% |
| Amounts receivable within one year | 40/41 | €7,665 | €28,195 | +€20,530 | +268% |
| Trade receivables | 40 | €6,965 | €7,771 | +€805 | +11.6% |
| Other amounts receivable | 41 | €700 | €20,424 | +€19,724 | +2,818% |
| Cash at bank and in hand | 54/58 | €120,263 | €11,795 | -€108,468 | -90.2% |
| Deferred charges and accrued income | 490/1 | €1,435 | €10,272 | +€8,836 | +616% |
| Total equity and liabilities | 10/49 | €201,479 | €223,979 | +€22,501 | +11.2% |
| Equity | 10/15 | €109,619 | €144,218 | +€34,599 | +31.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €105,619 | €140,218 | +€34,599 | +32.8% |
| Distributable reserves | 133 | €105,619 | €140,218 | +€34,599 | +32.8% |
| Amounts payable | 17/49 | €91,860 | €79,761 | -€12,098 | -13.2% |
| Amounts payable after more than one year | 17 | €32,758 | €23,541 | -€9,217 | -28.1% |
| Financial debts | 170/4 | €32,758 | €23,541 | -€9,217 | -28.1% |
| Amounts payable within one year | 42/48 | €59,101 | €56,220 | -€2,881 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €8,900 | €9,217 | +€317 | +3.6% |
| Trade debts | 44 | €6,310 | €5,340 | -€970 | -15.4% |
| Suppliers | 440/4 | €6,310 | €5,340 | -€970 | -15.4% |
| Taxes, remuneration and social security | 45 | €34,425 | €32,045 | -€2,380 | -6.9% |
| Taxes | 450/3 | €9,248 | €5,430 | -€3,818 | -41.3% |
| Remuneration and social security | 454/9 | €25,177 | €26,615 | +€1,438 | +5.7% |
| Other amounts payable | 47/48 | €9,467 | €9,618 | +€151 | +1.6% |
| Remuneration, social security and pensions | 62 | €104,500 | €111,343 | +€6,843 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,060 | €22,463 | +€10,403 | +86.3% |
| Other operating charges | 640/8 | €8,621 | €5,179 | -€3,442 | -39.9% |
| Gross operating margin | 9900 | €261,688 | €193,959 | -€67,729 | -25.9% |
| Operating profit (loss) | 9901 | €136,507 | €54,974 | -€81,533 | -59.7% |
| Financial income | 75/76B | €0 | €7 | +€6 | +1,800% |
| Recurring financial income | 75 | €0 | €7 | +€6 | +1,800% |
| Financial charges | 65/66B | €1,588 | €1,889 | +€301 | +19.0% |
| Recurring financial charges | 65 | €1,588 | €1,889 | +€301 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €134,919 | €53,091 | -€81,828 | -60.6% |
| Income taxes | 67/77 | €29,300 | €18,492 | -€10,808 | -36.9% |
| Profit (loss) for the period | 9904 | €105,619 | €34,599 | -€71,020 | -67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €105,619 | €34,599 | -€71,020 | -67.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.