KAPIMO: what changed
What changed
KAPIMO
filed annual accounts (NBB)
Net result for the year
-€11,807
2024 · -€13,885+€2,078
Equity
-€14,214
2024 · -€2,407-€11,807
Cash
€2,907
2024 · €1,808+€1,099
Balance sheet total
€185,643
2024 · €206,231-€20,587
Largest movements
Assets
- Tangible fixed assets -€22,316
down €22,316 (-10.9%), from €204,423 to €182,107
Equity and liabilities
- Debts after one year -€18,353
down €18,353 (-38.1%), from €48,168 to €29,815
- Profit (loss) carried forward -€11,807
down €11,807 (-17.6%), from -€67,169 to -€78,975
- Other debts +€10,436
up €10,436 (+7.8%), from €134,332 to €144,768
- Trade debts +€4,967
up €4,967 (+1,282%), from €387 to €5,354
- Current portion of long-term debt -€4,762
down €4,762 (-20.6%), from €23,115 to €18,353
Income statement
- Gross operating margin +€1,265
up €1,265 (+9.7%), from €13,082 to €14,347
- Financial charges -€890
down €890 (-40.3%), from €2,211 to €1,321
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.
Result 2024
-€13,885
Gross operating margin
+€1,265
Other operating charges
-€77
Financial charges
+€890
Result 2025
-€11,807
raises the resultlowers the result
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.
From operations
+€24,213
Investment
€0
Financing
-€23,114
Cash 2024
€1,808
From operations (derived)
+€24,213
Net result for the year
-€11,807
Depreciation
+€22,316
Deferred charges and accrued income
-€630
Trade debts
+€4,967
Other debts
+€10,436
Accrued charges and deferred income
-€1,069
Financing
-€23,114
Debts after one year
-€18,353
Current portion of long-term debt
-€4,762
Cash 2025
€2,907
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €206,231 | €185,643 | -€20,587 | -10.0% |
| Fixed assets | 21/28 | €204,423 | €182,107 | -€22,316 | -10.9% |
| Tangible fixed assets | 22/27 | €204,423 | €182,107 | -€22,316 | -10.9% |
| Land and buildings | 22 | €204,423 | €182,107 | -€22,316 | -10.9% |
| Current assets | 29/58 | €1,808 | €3,537 | +€1,729 | +95.6% |
| Cash at bank and in hand | 54/58 | €1,808 | €2,907 | +€1,099 | +60.8% |
| Deferred charges and accrued income | 490/1 | - | €630 | +€630 | |
| Total equity and liabilities | 10/49 | €206,231 | €185,643 | -€20,587 | -10.0% |
| Equity | 10/15 | -€2,407 | -€14,214 | -€11,807 | -491% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €2,788 | €2,788 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,788 | €2,788 | = | 0.0% |
| Legal reserve | 130 | €2,788 | €2,788 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,169 | -€78,975 | -€11,807 | -17.6% |
| Amounts payable | 17/49 | €208,638 | €199,857 | -€8,780 | -4.2% |
| Amounts payable after more than one year | 17 | €48,168 | €29,815 | -€18,353 | -38.1% |
| Financial debts | 170/4 | €48,168 | €29,815 | -€18,353 | -38.1% |
| Amounts payable within one year | 42/48 | €157,834 | €168,475 | +€10,641 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €23,115 | €18,353 | -€4,762 | -20.6% |
| Trade debts | 44 | €387 | €5,354 | +€4,967 | +1,282% |
| Suppliers | 440/4 | €387 | €5,354 | +€4,967 | +1,282% |
| Other amounts payable | 47/48 | €134,332 | €144,768 | +€10,436 | +7.8% |
| Accrued charges and deferred income | 492/3 | €2,636 | €1,567 | -€1,069 | -40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,316 | €22,316 | = | 0.0% |
| Other operating charges | 640/8 | €2,440 | €2,517 | +€77 | +3.1% |
| Gross operating margin | 9900 | €13,082 | €14,347 | +€1,265 | +9.7% |
| Operating profit (loss) | 9901 | -€11,674 | -€10,486 | +€1,188 | +10.2% |
| Financial charges | 65/66B | €2,211 | €1,321 | -€890 | -40.3% |
| Recurring financial charges | 65 | €2,211 | €1,321 | -€890 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,885 | -€11,807 | +€2,078 | +15.0% |
| Profit (loss) for the period | 9904 | -€13,885 | -€11,807 | +€2,078 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,885 | -€11,807 | +€2,078 | +15.0% |
Next steps
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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 3 November 2026 via checked.be.