APP3: 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.
APP3
Largest movements
- Cash -€35,580
down €35,580 (-58.0%), from €61,366 to €25,786
mainly Contributions, distributions and other (-€59,281) and Tax, wage and social debts (-€31,617)
- Tangible fixed assets -€12,132
down €12,132 (-18.0%), from €67,265 to €55,133
of which Furniture and vehicles: -€13,036
- Receivables within one year +€6,894
up €6,894 (+11.0%), from €62,634 to €69,528
of which Other amounts receivable: +€16,634
- Deferred charges and accrued income +€2,717
up €2,717 (+121%), from €2,239 to €4,956
- Other debts +€71,824
up €71,824 (+2,978%), from €2,412 to €74,236
- Profit (loss) carried forward -€65,246
down €65,246 (-91.0%), from €71,681 to €6,435
- Tax, wage and social debts -€31,617
down €31,617 (-75.4%), from €41,924 to €10,307
of which Remuneration and social security: -€36,757
- Trade debts -€13,228
no longer reported in 2025 (was €13,228)
- Debts after one year -€12,698
down €12,698 (-25.9%), from €48,966 to €36,268
- Gross operating margin -€22,329
down €22,329 (-43.0%), from €51,916 to €29,587
- Depreciation +€6,784
up €6,784 (+70.7%), from €9,599 to €16,383
- Taxes -€3,460
down €3,460 (-50.4%), from €6,868 to €3,408
- Financial income -€2,301
down €2,301 (-79.1%), from €2,909 to €608
- Financial charges +€1,229
up €1,229 (+58.3%), from €2,109 to €3,338
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 | €198,504 | €160,403 | -€38,101 | -19.2% |
| Fixed assets | 21/28 | €72,265 | €60,133 | -€12,132 | -16.8% |
| Tangible fixed assets | 22/27 | €67,265 | €55,133 | -€12,132 | -18.0% |
| Plant, machinery and equipment | 23 | €7,534 | €8,438 | +€904 | +12.0% |
| Furniture and vehicles | 24 | €59,731 | €46,696 | -€13,036 | -21.8% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €126,239 | €100,270 | -€25,970 | -20.6% |
| Amounts receivable within one year | 40/41 | €62,634 | €69,528 | +€6,894 | +11.0% |
| Trade receivables | 40 | €21,374 | €11,634 | -€9,740 | -45.6% |
| Other amounts receivable | 41 | €41,260 | €57,894 | +€16,634 | +40.3% |
| Cash at bank and in hand | 54/58 | €61,366 | €25,786 | -€35,580 | -58.0% |
| Deferred charges and accrued income | 490/1 | €2,239 | €4,956 | +€2,717 | +121% |
| Total equity and liabilities | 10/49 | €198,504 | €160,403 | -€38,101 | -19.2% |
| Equity | 10/15 | €79,741 | €26,895 | -€52,846 | -66.3% |
| Contributions | 10/11 | €8,060 | €20,460 | +€12,400 | +154% |
| Profit (loss) carried forward | 14 | €71,681 | €6,435 | -€65,246 | -91.0% |
| Amounts payable | 17/49 | €118,764 | €133,508 | +€14,745 | +12.4% |
| Amounts payable after more than one year | 17 | €48,966 | €36,268 | -€12,698 | -25.9% |
| Financial debts | 170/4 | €48,966 | €36,268 | -€12,698 | -25.9% |
| Amounts payable within one year | 42/48 | €69,798 | €97,241 | +€27,443 | +39.3% |
| Current portion of amounts payable after more than one year | 42 | €12,234 | €12,698 | +€464 | +3.8% |
| Trade debts | 44 | €13,228 | - | -€13,228 | |
| Suppliers | 440/4 | €13,228 | - | -€13,228 | |
| Taxes, remuneration and social security | 45 | €41,924 | €10,307 | -€31,617 | -75.4% |
| Taxes | 450/3 | €5,167 | €10,307 | +€5,140 | +99.5% |
| Remuneration and social security | 454/9 | €36,757 | - | -€36,757 | |
| Other amounts payable | 47/48 | €2,412 | €74,236 | +€71,824 | +2,978% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,599 | €16,383 | +€6,784 | +70.7% |
| Other operating charges | 640/8 | €1,661 | €632 | -€1,029 | -61.9% |
| Gross operating margin | 9900 | €51,916 | €29,587 | -€22,329 | -43.0% |
| Operating profit (loss) | 9901 | €40,657 | €12,573 | -€28,084 | -69.1% |
| Financial income | 75/76B | €2,909 | €608 | -€2,301 | -79.1% |
| Recurring financial income | 75 | €2,909 | €608 | -€2,301 | -79.1% |
| Financial charges | 65/66B | €2,109 | €3,338 | +€1,229 | +58.3% |
| Recurring financial charges | 65 | €2,109 | €3,338 | +€1,229 | +58.3% |
| Profit (loss) for the period before taxes | 9903 | €41,457 | €9,843 | -€31,614 | -76.3% |
| Income taxes | 67/77 | €6,868 | €3,408 | -€3,460 | -50.4% |
| Profit (loss) for the period | 9904 | €34,589 | €6,435 | -€28,154 | -81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,589 | €6,435 | -€28,154 | -81.4% |
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 22 October 2026 via checked.be.