APPCO: 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.
APPCO
Largest movements
- Receivables within one year -€2,504
down €2,504 (-90.0%), from €2,783 to €279
of which Trade receivables: -€2,577
- Tax, wage and social debts -€6,094
down €6,094 (-91.1%), from €6,688 to €594
- Gross operating margin -€362,537
down €362,537 (-99.6%), from €363,935 to €1,398
- Other operating charges -€137,606
down €137,606 (-99.5%), from €138,292 to €686
- Taxes -€6,010
down €6,010 (-95.0%), from €6,326 to €316
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 | €189,902 | €185,407 | -€4,494 | -2.4% |
| Current assets | 29/58 | €189,902 | €185,407 | -€4,494 | -2.4% |
| Amounts receivable within one year | 40/41 | €2,783 | €279 | -€2,504 | -90.0% |
| Trade receivables | 40 | €2,783 | €207 | -€2,577 | -92.6% |
| Other amounts receivable | 41 | - | €72 | +€72 | |
| Current investments | 50/53 | €183,725 | €183,330 | -€395 | -0.2% |
| Cash at bank and in hand | 54/58 | €3,393 | €1,799 | -€1,595 | -47.0% |
| Total equity and liabilities | 10/49 | €189,902 | €185,407 | -€4,494 | -2.4% |
| Equity | 10/15 | €55,290 | €56,552 | +€1,263 | +2.3% |
| Contributions | 10/11 | €28,000 | €28,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,290 | €28,552 | +€1,263 | +4.6% |
| Amounts payable | 17/49 | €134,612 | €128,855 | -€5,757 | -4.3% |
| Amounts payable within one year | 42/48 | €134,612 | €128,855 | -€5,757 | -4.3% |
| Trade debts | 44 | €2,713 | €4,550 | +€1,837 | +67.7% |
| Suppliers | 440/4 | €2,713 | €4,550 | +€1,837 | +67.7% |
| Taxes, remuneration and social security | 45 | €6,688 | €594 | -€6,094 | -91.1% |
| Taxes | 450/3 | €6,688 | €594 | -€6,094 | -91.1% |
| Other amounts payable | 47/48 | €125,211 | €123,711 | -€1,500 | -1.2% |
| Non-recurring operating income | 76A | €111 | - | -€111 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8 | - | -€8 | |
| Other operating charges | 640/8 | €138,292 | €686 | -€137,606 | -99.5% |
| Non-recurring operating charges | 66A | €152,480 | - | -€152,480 | |
| Gross operating margin | 9900 | €363,935 | €1,398 | -€362,537 | -99.6% |
| Operating profit (loss) | 9901 | €73,154 | €711 | -€72,443 | -99.0% |
| Financial income | 75/76B | €225 | €1,293 | +€1,068 | +473.9% |
| Recurring financial income | 75 | €225 | €1,293 | +€1,068 | +473.9% |
| Financial charges | 65/66B | €1,615 | €426 | -€1,189 | -73.6% |
| Recurring financial charges | 65 | €1,615 | €426 | -€1,189 | -73.6% |
| Profit (loss) for the period before taxes | 9903 | €71,765 | €1,578 | -€70,186 | -97.8% |
| Income taxes | 67/77 | €6,326 | €316 | -€6,010 | -95.0% |
| Profit (loss) for the period | 9904 | €65,439 | €1,263 | -€64,176 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,439 | €1,263 | -€64,176 | -98.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.