APPEL ARCHITECTEN: 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.
APPEL ARCHITECTEN
Largest movements
- Receivables within one year -€554,022
down €554,022 (-31.1%), from €1.8m to €1.2m
of which Other amounts receivable: -€554,007
- Cash +€311,550
up €311,550 (+85.0%), from €366,612 to €678,162
mainly Receivables within one year (+€554,022) and Other debts (+€321,030)
- Reserves -€347,638
down €347,638 (-11.3%), from €3.1m to €2.7m
- Other debts +€321,030
up €321,030 (+444%), from €72,270 to €393,300
- Trade debts -€230,976
down €230,976 (-97.5%), from €236,801 to €5,825
- Financial income +€12,741
up €12,741 (+56.0%), from €22,746 to €35,487
- Gross operating margin -€5,163
down €5,163 (-6.8%), from €75,710 to €70,546
- Taxes +€2,314
up €2,314 (+9.0%), from €25,776 to €28,089
- Depreciation +€1,253
up €1,253 (+18.2%), from €6,884 to €8,137
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 | €3,414,609 | €3,175,932 | -€238,677 | -7.0% |
| Fixed assets | 21/28 | €1,267,365 | €1,270,613 | +€3,247 | +0.3% |
| Tangible fixed assets | 22/27 | €16,765 | €20,013 | +€3,247 | +19.4% |
| Land and buildings | 22 | €7,298 | €11,424 | +€4,126 | +56.5% |
| Plant, machinery and equipment | 23 | - | €5,978 | +€5,978 | |
| Furniture and vehicles | 24 | €9,467 | €2,611 | -€6,856 | -72.4% |
| Financial fixed assets | 28 | €1,250,600 | €1,250,600 | = | 0.0% |
| Current assets | 29/58 | €2,147,243 | €1,905,319 | -€241,924 | -11.3% |
| Amounts receivable within one year | 40/41 | €1,778,716 | €1,224,694 | -€554,022 | -31.1% |
| Trade receivables | 40 | €19,295 | €19,280 | -€15 | -0.1% |
| Other amounts receivable | 41 | €1,759,421 | €1,205,415 | -€554,007 | -31.5% |
| Cash at bank and in hand | 54/58 | €366,612 | €678,162 | +€311,550 | +85.0% |
| Deferred charges and accrued income | 490/1 | €1,916 | €2,464 | +€548 | +28.6% |
| Total equity and liabilities | 10/49 | €3,414,609 | €3,175,932 | -€238,677 | -7.0% |
| Equity | 10/15 | €3,098,199 | €2,750,560 | -€347,638 | -11.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €3,079,649 | €2,732,010 | -€347,638 | -11.3% |
| Distributable reserves | 133 | €3,079,649 | €2,732,010 | -€347,638 | -11.3% |
| Amounts payable | 17/49 | €316,410 | €425,371 | +€108,962 | +34.4% |
| Amounts payable within one year | 42/48 | €316,410 | €425,371 | +€108,962 | +34.4% |
| Trade debts | 44 | €236,801 | €5,825 | -€230,976 | -97.5% |
| Suppliers | 440/4 | €236,801 | €5,825 | -€230,976 | -97.5% |
| Taxes, remuneration and social security | 45 | €7,339 | €26,247 | +€18,908 | +258% |
| Taxes | 450/3 | €7,339 | €26,247 | +€18,908 | +258% |
| Other amounts payable | 47/48 | €72,270 | €393,300 | +€321,030 | +444% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,884 | €8,137 | +€1,253 | +18.2% |
| Other operating charges | 640/8 | €1,969 | €2,440 | +€472 | +24.0% |
| Gross operating margin | 9900 | €75,710 | €70,546 | -€5,163 | -6.8% |
| Operating profit (loss) | 9901 | €66,857 | €59,969 | -€6,888 | -10.3% |
| Financial income | 75/76B | €22,746 | €35,487 | +€12,741 | +56.0% |
| Recurring financial income | 75 | €22,746 | €35,487 | +€12,741 | +56.0% |
| Financial charges | 65/66B | €859 | €1,004 | +€146 | +17.0% |
| Recurring financial charges | 65 | €859 | €1,004 | +€146 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €88,745 | €94,451 | +€5,707 | +6.4% |
| Income taxes | 67/77 | €25,776 | €28,089 | +€2,314 | +9.0% |
| Profit (loss) for the period | 9904 | €62,969 | €66,362 | +€3,393 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,969 | €66,362 | +€3,393 | +5.4% |
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 25 October 2026 via checked.be.