APPART ANNICK: 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.
APPART ANNICK
Largest movements
- Receivables within one year +€17,195
up €17,195 (+8.6%), from €200,183 to €217,379
of which Other amounts receivable: +€17,195
- Cash -€13,355
down €13,355 (-17.8%), from €74,968 to €61,612
mainly Contributions, distributions and other (-€60,000) and Receivables within one year (-€17,195)
- Other debts +€60,000
new in 2025: €60,000
- Reserves -€48,266
down €48,266 (-11.9%), from €405,393 to €357,127
- Tax, wage and social debts -€5,054
down €5,054 (-59.2%), from €8,530 to €3,476
- Gross operating margin -€116,206
down €116,206 (-94.2%), from €123,384 to €7,177
- Taxes -€28,054
down €28,054 (-83.7%), from €33,530 to €5,476
- Financial charges -€10,910
down €10,910 (-88.0%), from €12,398 to €1,489
- Financial income +€3,146
up €3,146 (+33.9%), from €9,294 to €12,440
- Depreciation -€1,841
no longer reported in 2025 (was €1,841)
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.
Cash bridge derived
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 | €428,106 | €434,920 | +€6,814 | +1.6% |
| Fixed assets | 21/28 | €3,300 | €3,300 | = | 0.0% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €424,806 | €431,620 | +€6,814 | +1.6% |
| Amounts receivable within one year | 40/41 | €200,183 | €217,379 | +€17,195 | +8.6% |
| Trade receivables | 40 | €24,996 | €24,996 | = | 0.0% |
| Other amounts receivable | 41 | €175,187 | €192,383 | +€17,195 | +9.8% |
| Current investments | 50/53 | €144,630 | €145,758 | +€1,128 | +0.8% |
| Cash at bank and in hand | 54/58 | €74,968 | €61,612 | -€13,355 | -17.8% |
| Deferred charges and accrued income | 490/1 | €5,025 | €6,871 | +€1,846 | +36.7% |
| Total equity and liabilities | 10/49 | €428,106 | €434,920 | +€6,814 | +1.6% |
| Equity | 10/15 | €417,793 | €369,527 | -€48,266 | -11.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €405,393 | €357,127 | -€48,266 | -11.9% |
| Distributable reserves | 133 | €405,393 | €357,127 | -€48,266 | -11.9% |
| Amounts payable | 17/49 | €10,313 | €65,392 | +€55,080 | +534.1% |
| Amounts payable within one year | 42/48 | €10,313 | €65,392 | +€55,080 | +534.1% |
| Trade debts | 44 | €1,782 | €1,916 | +€134 | +7.5% |
| Suppliers | 440/4 | €1,782 | €1,916 | +€134 | +7.5% |
| Taxes, remuneration and social security | 45 | €8,530 | €3,476 | -€5,054 | -59.2% |
| Taxes | 450/3 | €8,530 | €3,476 | -€5,054 | -59.2% |
| Other amounts payable | 47/48 | - | €60,000 | +€60,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,841 | - | -€1,841 | |
| Other operating charges | 640/8 | €1,749 | €918 | -€831 | -47.5% |
| Non-recurring operating charges | 66A | €213 | - | -€213 | |
| Gross operating margin | 9900 | €123,384 | €7,177 | -€116,206 | -94.2% |
| Operating profit (loss) | 9901 | €119,580 | €6,259 | -€113,321 | -94.8% |
| Financial income | 75/76B | €9,294 | €12,440 | +€3,146 | +33.9% |
| Recurring financial income | 75 | €9,294 | €12,440 | +€3,146 | +33.9% |
| Financial charges | 65/66B | €12,398 | €1,489 | -€10,910 | -88.0% |
| Recurring financial charges | 65 | €12,398 | €1,489 | -€10,910 | -88.0% |
| Profit (loss) for the period before taxes | 9903 | €116,476 | €17,211 | -€99,265 | -85.2% |
| Income taxes | 67/77 | €33,530 | €5,476 | -€28,054 | -83.7% |
| Profit (loss) for the period | 9904 | €82,945 | €11,734 | -€71,211 | -85.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,945 | €11,734 | -€71,211 | -85.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.