APPEL THAï: 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 THAï
Largest movements
- Receivables within one year -€38,677
down €38,677 (-63.1%), from €61,249 to €22,572
of which Other amounts receivable: -€24,975
- Tangible fixed assets -€22,703
down €22,703 (-26.2%), from €86,645 to €63,942
of which Plant, machinery and equipment: -€18,778
- Intangible fixed assets -€12,500
down €12,500 (-44.4%), from €28,125 to €15,625
- Cash -€3,526
down €3,526 (-11.8%), from €29,846 to €26,320
mainly Net result for the year (-€79,793) and Current portion of long-term debt (-€10,917)
- Stocks and contracts -€3,525
down €3,525 (-8.7%), from €40,569 to €37,043
- Profit (loss) carried forward -€79,793
down €79,793, from €21,028 to -€58,765
- Current portion of long-term debt -€10,917
no longer reported in 2024 (was €10,917)
- Tax, wage and social debts +€7,100
up €7,100 (+3.8%), from €186,141 to €193,242
of which Taxes: +€33,899
- Trade debts +€3,212
up €3,212 (+308%), from €1,044 to €4,256
- Gross operating margin +€10,146
up €10,146 (+2.2%), from €468,233 to €478,380
- Other operating charges +€10,041
up €10,041 (+218%), from €4,610 to €14,652
- Financial income +€7,245
up €7,245 (+308%), from €2,356 to €9,600
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €246,524 | €165,593 | -€80,931 | -32.8% |
| Fixed assets | 21/28 | €114,860 | €79,657 | -€35,203 | -30.6% |
| Intangible fixed assets | 21 | €28,125 | €15,625 | -€12,500 | -44.4% |
| Tangible fixed assets | 22/27 | €86,645 | €63,942 | -€22,703 | -26.2% |
| Plant, machinery and equipment | 23 | €73,105 | €54,326 | -€18,778 | -25.7% |
| Furniture and vehicles | 24 | €13,540 | €9,616 | -€3,925 | -29.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €131,664 | €85,936 | -€45,728 | -34.7% |
| Stocks and contracts in progress | 3 | €40,569 | €37,043 | -€3,525 | -8.7% |
| Stocks | 30/36 | €40,569 | €37,043 | -€3,525 | -8.7% |
| Amounts receivable within one year | 40/41 | €61,249 | €22,572 | -€38,677 | -63.1% |
| Trade receivables | 40 | €13,702 | - | -€13,702 | |
| Other amounts receivable | 41 | €47,547 | €22,572 | -€24,975 | -52.5% |
| Cash at bank and in hand | 54/58 | €29,846 | €26,320 | -€3,526 | -11.8% |
| Total equity and liabilities | 10/49 | €246,524 | €165,593 | -€80,931 | -32.8% |
| Equity | 10/15 | €47,888 | -€31,905 | -€79,793 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,028 | -€58,765 | -€79,793 | |
| Amounts payable | 17/49 | €198,636 | €197,498 | -€1,138 | -0.6% |
| Amounts payable within one year | 42/48 | €198,636 | €197,498 | -€1,138 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €10,917 | - | -€10,917 | |
| Financial debts | 43 | €534 | - | -€534 | |
| Credit institutions | 430/8 | €534 | - | -€534 | |
| Trade debts | 44 | €1,044 | €4,256 | +€3,212 | +308% |
| Suppliers | 440/4 | €1,044 | €4,256 | +€3,212 | +308% |
| Taxes, remuneration and social security | 45 | €186,141 | €193,242 | +€7,100 | +3.8% |
| Taxes | 450/3 | €43,435 | €77,335 | +€33,899 | +78.0% |
| Remuneration and social security | 454/9 | €142,706 | €115,907 | -€26,799 | -18.8% |
| Remuneration, social security and pensions | 62 | €510,397 | €507,904 | -€2,493 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,162 | €38,183 | +€21 | +0.1% |
| Other operating charges | 640/8 | €4,610 | €14,652 | +€10,041 | +218% |
| Gross operating margin | 9900 | €468,233 | €478,380 | +€10,146 | +2.2% |
| Operating profit (loss) | 9901 | -€84,936 | -€82,359 | +€2,577 | +3.0% |
| Financial income | 75/76B | €2,356 | €9,600 | +€7,245 | +308% |
| Recurring financial income | 75 | €2,356 | €9,600 | +€7,245 | +308% |
| Financial charges | 65/66B | €7,611 | €7,035 | -€577 | -7.6% |
| Recurring financial charges | 65 | €7,611 | €7,035 | -€577 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€90,191 | -€79,793 | +€10,398 | +11.5% |
| Income taxes | 67/77 | €1,560 | - | -€1,560 | |
| Profit (loss) for the period | 9904 | -€91,751 | -€79,793 | +€11,958 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€91,751 | -€79,793 | +€11,958 | +13.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.