APP PHOTOLAB: what changed
What changed
APP PHOTOLAB
NACE 74.209, Other photographic activities
filed annual accounts (NBB)
Net result for the year
€4,075
2024 · €4,174-€99
Equity
€38,663
2024 · €34,588+€4,075
Cash
€1,546
2024 · €1,795-€249
Balance sheet total
€169,438
2024 · €159,956+€9,482
Largest movements
Assets
- Receivables within one year +€18,112
up €18,112 (+117%), from €15,446 to €33,558
of which Trade receivables: +€14,834
- Tangible fixed assets -€7,860
down €7,860 (-5.8%), from €135,779 to €127,919
of which Land and buildings: -€7,911
Equity and liabilities
- Trade debts +€11,162
up €11,162 (+126%), from €8,854 to €20,016
- Debts after one year -€6,571
down €6,571 (-6.4%), from €102,590 to €96,020
- Profit (loss) carried forward +€4,075
up €4,075 (+59.5%), from €6,851 to €10,926
Income statement
- Other operating charges +€1,189
up €1,189 (+150%), from €793 to €1,981
- Financial charges -€641
down €641 (-20.3%), from €3,163 to €2,523
- Gross operating margin +€364
up €364 (+1.9%), from €19,439 to €19,803
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
€4,174
Gross operating margin
+€364
Depreciation
-€3
Other operating charges
-€1,189
Financial charges
+€641
Taxes
+€88
Result 2025
€4,075
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
+€7,412
Investment
-€1,387
Financing
-€6,274
Cash 2024
€1,795
From operations (derived)
+€7,412
Net result for the year
+€4,075
Depreciation
+€9,247
Stocks and contracts
+€121
Receivables within one year
-€18,112
Deferred charges and accrued income
+€400
Trade debts
+€11,162
Tax, wage and social debts
+€639
Other debts
-€119
Investment (derived)
-€1,387
Investment in fixed assets (net)
-€1,387
Financing
-€6,274
Debts after one year
-€6,571
Current portion of long-term debt
+€120
Short-term financial debts
+€176
Cash 2025
€1,546
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €159,956 | €169,438 | +€9,482 | +5.9% |
| Fixed assets | 21/28 | €136,329 | €128,469 | -€7,860 | -5.8% |
| Tangible fixed assets | 22/27 | €135,779 | €127,919 | -€7,860 | -5.8% |
| Land and buildings | 22 | €132,278 | €124,367 | -€7,911 | -6.0% |
| Furniture and vehicles | 24 | €3,501 | €3,552 | +€51 | +1.5% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €23,627 | €40,970 | +€17,343 | +73.4% |
| Stocks and contracts in progress | 3 | €5,986 | €5,866 | -€121 | -2.0% |
| Stocks | 30/36 | €5,986 | €5,866 | -€121 | -2.0% |
| Amounts receivable within one year | 40/41 | €15,446 | €33,558 | +€18,112 | +117% |
| Trade receivables | 40 | €12,946 | €27,780 | +€14,834 | +115% |
| Other amounts receivable | 41 | €2,500 | €5,778 | +€3,278 | +131% |
| Cash at bank and in hand | 54/58 | €1,795 | €1,546 | -€249 | -13.9% |
| Deferred charges and accrued income | 490/1 | €400 | - | -€400 | |
| Total equity and liabilities | 10/49 | €159,956 | €169,438 | +€9,482 | +5.9% |
| Equity | 10/15 | €34,588 | €38,663 | +€4,075 | +11.8% |
| Contributions | 10/11 | €20,300 | €20,300 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,851 | €10,926 | +€4,075 | +59.5% |
| Amounts payable | 17/49 | €125,368 | €130,776 | +€5,408 | +4.3% |
| Amounts payable after more than one year | 17 | €102,590 | €96,020 | -€6,571 | -6.4% |
| Financial debts | 170/4 | €102,590 | €96,020 | -€6,571 | -6.4% |
| Amounts payable within one year | 42/48 | €22,778 | €34,756 | +€11,978 | +52.6% |
| Current portion of amounts payable after more than one year | 42 | €6,451 | €6,571 | +€120 | +1.9% |
| Financial debts | 43 | - | €176 | +€176 | |
| Credit institutions | 430/8 | - | €176 | +€176 | |
| Trade debts | 44 | €8,854 | €20,016 | +€11,162 | +126% |
| Suppliers | 440/4 | €8,854 | €20,016 | +€11,162 | +126% |
| Taxes, remuneration and social security | 45 | €7,354 | €7,993 | +€639 | +8.7% |
| Taxes | 450/3 | €7,354 | €7,993 | +€639 | +8.7% |
| Other amounts payable | 47/48 | €119 | €0 | -€119 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,244 | €9,247 | +€3 | 0.0% |
| Other operating charges | 640/8 | €793 | €1,981 | +€1,189 | +150% |
| Gross operating margin | 9900 | €19,439 | €19,803 | +€364 | +1.9% |
| Operating profit (loss) | 9901 | €9,403 | €8,575 | -€828 | -8.8% |
| Financial charges | 65/66B | €3,163 | €2,523 | -€641 | -20.3% |
| Recurring financial charges | 65 | €3,163 | €2,523 | -€641 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €6,240 | €6,052 | -€187 | -3.0% |
| Income taxes | 67/77 | €2,066 | €1,978 | -€88 | -4.3% |
| Profit (loss) for the period | 9904 | €4,174 | €4,075 | -€99 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,174 | €4,075 | -€99 | -2.4% |
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.