APP-IT: 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-IT
Largest movements
- Intangible fixed assets +€85,517
up €85,517 (+43.9%), from €194,843 to €280,359
- Cash +€19,176
up €19,176 (+683%), from €2,806 to €21,982
mainly Depreciation (+€61,259) and Trade debts (+€43,201)
- Receivables within one year +€12,182
up €12,182 (+65.8%), from €18,503 to €30,685
of which Other amounts receivable: +€10,534
- Trade debts +€43,201
up €43,201 (+44.4%), from €97,361 to €140,561
- Short-term financial debts +€25,695
new in 2025: €25,695
- Debts after one year +€24,042
up €24,042 (+18.8%), from €128,000 to €152,042
of which Financial debts: +€38,042
- Current portion of long-term debt +€17,658
up €17,658 (+266%), from €6,633 to €24,290
- Other debts +€8,321
new in 2025: €8,321
- Gross operating margin +€45,434
up €45,434 (+43.0%), from €105,617 to €151,051
- Depreciation +€20,970
up €20,970 (+52.0%), from €40,289 to €61,259
- Staff costs +€10,400
up €10,400 (+13.0%), from €79,767 to €90,166
- Financial charges +€3,112
up €3,112 (+531%), from €587 to €3,699
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 | €220,135 | €338,292 | +€118,157 | +53.7% |
| Fixed assets | 21/28 | €194,843 | €283,497 | +€88,655 | +45.5% |
| Intangible fixed assets | 21 | €194,843 | €280,359 | +€85,517 | +43.9% |
| Tangible fixed assets | 22/27 | - | €3,138 | +€3,138 | |
| Furniture and vehicles | 24 | - | €3,138 | +€3,138 | |
| Current assets | 29/58 | €25,293 | €54,795 | +€29,502 | +117% |
| Amounts receivable within one year | 40/41 | €18,503 | €30,685 | +€12,182 | +65.8% |
| Trade receivables | 40 | €18,472 | €20,120 | +€1,648 | +8.9% |
| Other amounts receivable | 41 | €31 | €10,565 | +€10,534 | +34,224% |
| Cash at bank and in hand | 54/58 | €2,806 | €21,982 | +€19,176 | +683% |
| Deferred charges and accrued income | 490/1 | €3,984 | €2,128 | -€1,856 | -46.6% |
| Total equity and liabilities | 10/49 | €220,135 | €338,292 | +€118,157 | +53.7% |
| Equity | 10/15 | -€29,631 | -€34,341 | -€4,710 | -15.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,631 | -€74,341 | -€4,710 | -6.8% |
| Amounts payable | 17/49 | €249,766 | €372,633 | +€122,867 | +49.2% |
| Amounts payable after more than one year | 17 | €128,000 | €152,042 | +€24,042 | +18.8% |
| Financial debts | 170/4 | €50,000 | €88,042 | +€38,042 | +76.1% |
| Other amounts payable | 178/9 | €78,000 | €64,000 | -€14,000 | -17.9% |
| Amounts payable within one year | 42/48 | €121,766 | €220,592 | +€98,826 | +81.2% |
| Current portion of amounts payable after more than one year | 42 | €6,633 | €24,290 | +€17,658 | +266% |
| Financial debts | 43 | - | €25,695 | +€25,695 | |
| Credit institutions | 430/8 | - | €25,695 | +€25,695 | |
| Trade debts | 44 | €97,361 | €140,561 | +€43,201 | +44.4% |
| Suppliers | 440/4 | €97,361 | €140,561 | +€43,201 | +44.4% |
| Taxes, remuneration and social security | 45 | €17,773 | €21,725 | +€3,952 | +22.2% |
| Taxes | 450/3 | €1,651 | €971 | -€680 | -41.2% |
| Remuneration and social security | 454/9 | €16,122 | €20,754 | +€4,632 | +28.7% |
| Other amounts payable | 47/48 | - | €8,321 | +€8,321 | |
| Remuneration, social security and pensions | 62 | €79,767 | €90,166 | +€10,400 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,289 | €61,259 | +€20,970 | +52.0% |
| Other operating charges | 640/8 | €643 | €638 | -€5 | -0.8% |
| Gross operating margin | 9900 | €105,617 | €151,051 | +€45,434 | +43.0% |
| Operating profit (loss) | 9901 | -€15,081 | -€1,012 | +€14,069 | +93.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €587 | €3,699 | +€3,112 | +531% |
| Recurring financial charges | 65 | €587 | €3,699 | +€3,112 | +531% |
| Profit (loss) for the period before taxes | 9903 | -€15,668 | -€4,710 | +€10,958 | +69.9% |
| Profit (loss) for the period | 9904 | -€15,668 | -€4,710 | +€10,958 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,668 | -€4,710 | +€10,958 | +69.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.