APP'ELEC: 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.
APP'ELEC
Largest movements
- Cash -€7,860
no longer reported in 2025 (was €7,860)
mainly Investment in fixed assets (net) (-€7,964) and Tax, wage and social debts (-€7,726)
- Tangible fixed assets +€4,206
up €4,206 (+56.5%), from €7,450 to €11,656
- Receivables within one year -€2,321
down €2,321 (-3.4%), from €68,304 to €65,983
of which Other amounts receivable: -€18,940
- Tax, wage and social debts -€7,726
down €7,726 (-55.2%), from €14,001 to €6,275
of which Remuneration and social security: -€6,761
- Trade debts +€2,259
up €2,259 (+37.4%), from €6,038 to €8,297
- Profit (loss) carried forward -€1,326
down €1,326 (-2.3%), from €56,755 to €55,429
- Short-term financial debts +€1,175
new in 2025: €1,175
- Staff costs -€24,535
down €24,535 (-68.8%), from €35,681 to €11,146
- Gross operating margin -€20,932
down €20,932 (-41.8%), from €50,036 to €29,104
- Turnover -€18,235
down €18,235 (-11.9%), from €152,957 to €134,722
- Financial charges -€4,159
down €4,159 (-46.8%), from €8,892 to €4,733
- Other operating charges +€3,988
up €3,988 (+150%), from €2,660 to €6,648
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 | €83,614 | €77,996 | -€5,618 | -6.7% |
| Fixed assets | 21/28 | €7,450 | €12,006 | +€4,556 | +61.2% |
| Tangible fixed assets | 22/27 | €7,450 | €11,656 | +€4,206 | +56.5% |
| Furniture and vehicles | 24 | €7,450 | €11,656 | +€4,206 | +56.5% |
| Financial fixed assets | 28 | - | €350 | +€350 | |
| Current assets | 29/58 | €76,164 | €65,990 | -€10,174 | -13.4% |
| Amounts receivable within one year | 40/41 | €68,304 | €65,983 | -€2,321 | -3.4% |
| Trade receivables | 40 | €6,156 | €22,775 | +€16,619 | +270% |
| Other amounts receivable | 41 | €62,148 | €43,208 | -€18,940 | -30.5% |
| Current investments | 50/53 | - | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | €7,860 | - | -€7,860 | |
| Total equity and liabilities | 10/49 | €83,614 | €77,996 | -€5,618 | -6.7% |
| Equity | 10/15 | €63,575 | €62,249 | -€1,326 | -2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,755 | €55,429 | -€1,326 | -2.3% |
| Amounts payable | 17/49 | €20,039 | €15,747 | -€4,292 | -21.4% |
| Amounts payable within one year | 42/48 | €20,039 | €15,747 | -€4,292 | -21.4% |
| Financial debts | 43 | - | €1,175 | +€1,175 | |
| Credit institutions | 430/8 | - | €1,175 | +€1,175 | |
| Trade debts | 44 | €6,038 | €8,297 | +€2,259 | +37.4% |
| Suppliers | 440/4 | €6,038 | €8,297 | +€2,259 | +37.4% |
| Taxes, remuneration and social security | 45 | €14,001 | €6,275 | -€7,726 | -55.2% |
| Taxes | 450/3 | €6,665 | €5,700 | -€965 | -14.5% |
| Remuneration and social security | 454/9 | €7,336 | €575 | -€6,761 | -92.2% |
| Turnover | 70 | €152,957 | €134,722 | -€18,235 | -11.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €112,027 | €115,819 | +€3,792 | +3.4% |
| Remuneration, social security and pensions | 62 | €35,681 | €11,146 | -€24,535 | -68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | €3,408 | +€3,158 | +1,263% |
| Other operating charges | 640/8 | €2,660 | €6,648 | +€3,988 | +150% |
| Non-recurring operating charges | 66A | - | €2,123 | +€2,123 | |
| Gross operating margin | 9900 | €50,036 | €29,104 | -€20,932 | -41.8% |
| Operating profit (loss) | 9901 | €11,445 | €5,779 | -€5,666 | -49.5% |
| Financial income | 75/76B | €250 | - | -€250 | |
| Recurring financial income | 75 | €250 | - | -€250 | |
| Non-recurring financial income | 76B | €250 | - | -€250 | |
| Financial charges | 65/66B | €8,892 | €4,733 | -€4,159 | -46.8% |
| Recurring financial charges | 65 | €8,892 | €4,733 | -€4,159 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €2,803 | €1,046 | -€1,757 | -62.7% |
| Income taxes | 67/77 | €5,175 | €2,372 | -€2,803 | -54.2% |
| Profit (loss) for the period | 9904 | -€2,372 | -€1,326 | +€1,046 | +44.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,372 | -€1,326 | +€1,046 | +44.1% |
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 17 October 2026 via checked.be.