APPALET: what changed
Two fiscal 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.
APPALET
Largest movements
- Tangible fixed assets -€12,762
down €12,762 (-9.3%), from €136,696 to €123,934
- Deferred charges and accrued income +€1,735
new in 2025: €1,735
- Debts after one year +€26,255
up €26,255 (+15.2%), from €172,922 to €199,178
of which Financial debts: +€26,255
- Other debts -€20,942
down €20,942 (-92.6%), from €22,605 to €1,663
- Current portion of long-term debt -€13,399
no longer reported in 2025 (was €13,399)
- Profit (loss) carried forward -€9,440
down €9,440 (-9.1%), from -€103,423 to -€112,863
- Trade debts +€4,952
up €4,952 (+62.6%), from €7,917 to €12,869
- Gross operating margin -€7,913
down €7,913 (-48.9%), from €16,188 to €8,275
- Financial charges -€1,168
down €1,168 (-48.1%), from €2,427 to €1,259
- Other operating charges -€193
down €193 (-4.8%), from €4,036 to €3,842
From the 31-12-2024 result to the 31-12-2025 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.
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,696 | €125,669 | -€11,027 | -8.1% |
| Fixed assets | 21/28 | €136,696 | €123,934 | -€12,762 | -9.3% |
| Tangible fixed assets | 22/27 | €136,696 | €123,934 | -€12,762 | -9.3% |
| Land and buildings | 22 | €136,696 | €123,934 | -€12,762 | -9.3% |
| Current assets | 29/58 | €0 | €1,735 | +€1,735 | +5782433.3% |
| Current investments | 50/53 | €0 | - | -€0 | |
| Cash at bank and in hand | 54/58 | - | €0 | +€0 | |
| Deferred charges and accrued income | 490/1 | - | €1,735 | +€1,735 | |
| Total equity and liabilities | 10/49 | €136,696 | €125,669 | -€11,027 | -8.1% |
| Equity | 10/15 | -€84,823 | -€94,263 | -€9,440 | -11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,423 | -€112,863 | -€9,440 | -9.1% |
| Amounts payable | 17/49 | €221,518 | €219,932 | -€1,587 | -0.7% |
| Amounts payable after more than one year | 17 | €172,922 | €199,178 | +€26,255 | +15.2% |
| Financial debts | 170/4 | €166,516 | €192,772 | +€26,255 | +15.8% |
| Other amounts payable | 178/9 | €6,406 | €6,406 | = | 0.0% |
| Amounts payable within one year | 42/48 | €48,596 | €19,499 | -€29,097 | -59.9% |
| Current portion of amounts payable after more than one year | 42 | €13,399 | - | -€13,399 | |
| Financial debts | 43 | €4,490 | €4,967 | +€477 | +10.6% |
| Credit institutions | 430/8 | €4,490 | €4,967 | +€477 | +10.6% |
| Trade debts | 44 | €7,917 | €12,869 | +€4,952 | +62.6% |
| Suppliers | 440/4 | €7,917 | €12,869 | +€4,952 | +62.6% |
| Taxes, remuneration and social security | 45 | €186 | - | -€186 | |
| Taxes | 450/3 | €186 | - | -€186 | |
| Other amounts payable | 47/48 | €22,605 | €1,663 | -€20,942 | -92.6% |
| Accrued charges and deferred income | 492/3 | - | €1,255 | +€1,255 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,779 | €12,762 | -€17 | -0.1% |
| Other operating charges | 640/8 | €4,036 | €3,842 | -€193 | -4.8% |
| Gross operating margin | 9900 | €16,188 | €8,275 | -€7,913 | -48.9% |
| Operating profit (loss) | 9901 | -€627 | -€8,329 | -€7,702 | -1228.6% |
| Financial income | 75/76B | €6 | €148 | +€142 | +2363.0% |
| Recurring financial income | 75 | €6 | €148 | +€142 | +2363.0% |
| Financial charges | 65/66B | €2,427 | €1,259 | -€1,168 | -48.1% |
| Recurring financial charges | 65 | €2,427 | €1,259 | -€1,168 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,048 | -€9,440 | -€6,392 | -209.7% |
| Profit (loss) for the period | 9904 | -€3,048 | -€9,440 | -€6,392 | -209.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,048 | -€9,440 | -€6,392 | -209.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.