APPACHE: 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.
APPACHE
Largest movements
- Cash -€21,203
down €21,203 (-12.0%), from €175,968 to €154,765
mainly Other debts (-€12,034) and Net result for the year (-€7,507)
- Other debts -€12,034
down €12,034 (-5.8%), from €208,844 to €196,810
- Profit (loss) carried forward -€7,507
down €7,507 (-11.1%), from -€67,654 to -€75,161
- Gross operating margin -€4,414
down €4,414, from €174 to -€4,240
- Other operating charges +€158
up €158 (+5.3%), from €2,985 to €3,142
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 | €405,228 | €385,085 | -€20,143 | -5.0% |
| Fixed assets | 21/28 | €229,259 | €229,259 | = | 0.0% |
| Tangible fixed assets | 22/27 | €229,259 | €229,259 | = | 0.0% |
| Land and buildings | 22 | €229,259 | €229,259 | = | 0.0% |
| Current assets | 29/58 | €175,968 | €155,826 | -€20,143 | -11.4% |
| Amounts receivable within one year | 40/41 | - | €1,061 | +€1,061 | |
| Trade receivables | 40 | - | €1,061 | +€1,061 | |
| Cash at bank and in hand | 54/58 | €175,968 | €154,765 | -€21,203 | -12.0% |
| Total equity and liabilities | 10/49 | €405,228 | €385,085 | -€20,143 | -5.0% |
| Equity | 10/15 | €195,105 | €187,598 | -€7,507 | -3.8% |
| Contributions | 10/11 | €252,851 | €252,851 | = | 0.0% |
| Capital | 10 | €252,851 | €252,851 | = | 0.0% |
| Issued capital | 100 | €252,851 | €252,851 | = | 0.0% |
| Revaluation surpluses | 12 | €1,512 | €1,512 | = | 0.0% |
| Reserves | 13 | €8,396 | €8,396 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,396 | €8,396 | = | 0.0% |
| Legal reserve | 130 | €8,396 | €8,396 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,654 | -€75,161 | -€7,507 | -11.1% |
| Amounts payable | 17/49 | €210,123 | €197,487 | -€12,636 | -6.0% |
| Amounts payable within one year | 42/48 | €210,123 | €197,487 | -€12,636 | -6.0% |
| Trade debts | 44 | €1,279 | €677 | -€602 | -47.0% |
| Suppliers | 440/4 | €1,279 | €677 | -€602 | -47.0% |
| Other amounts payable | 47/48 | €208,844 | €196,810 | -€12,034 | -5.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €2,985 | €3,142 | +€158 | +5.3% |
| Gross operating margin | 9900 | €174 | -€4,240 | -€4,414 | |
| Operating profit (loss) | 9901 | -€2,811 | -€7,383 | -€4,571 | -163% |
| Financial income | 75/76B | €1 | €2 | +€1 | +145% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +145% |
| Financial charges | 65/66B | €88 | €126 | +€38 | +42.9% |
| Recurring financial charges | 65 | €88 | €126 | +€38 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,898 | -€7,506 | -€4,608 | -159% |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€2,898 | -€7,507 | -€4,609 | -159% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,898 | -€7,507 | -€4,609 | -159% |
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 15 October 2026 via checked.be.