Appelbeer: 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.
Appelbeer
Largest movements
- Cash -€21,340
down €21,340 (-61.2%), from €34,858 to €13,518
mainly Net result for the year (-€21,646) and Tax, wage and social debts (-€11,875)
- Stocks and contracts +€10,217
up €10,217 (+57.0%), from €17,939 to €28,156
- Tangible fixed assets -€6,757
down €6,757 (-2.5%), from €271,761 to €265,004
- Reserves -€21,646
down €21,646 (-28.8%), from €75,188 to €53,542
- Debts after one year +€12,605
up €12,605 (+5.9%), from €214,049 to €226,654
- Tax, wage and social debts -€11,875
down €11,875 (-52.7%), from €22,554 to €10,678
- Gross operating margin -€109,143
down €109,143, from €105,311 to -€3,832
- Depreciation -€15,086
down €15,086 (-69.1%), from €21,843 to €6,757
- Financial charges -€11,872
down €11,872 (-55.5%), from €21,392 to €9,521
- Taxes -€10,678
no longer reported in 2025 (was €10,678)
- Other operating charges -€8,594
down €8,594 (-84.8%), from €10,131 to €1,536
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 | €326,339 | €307,737 | -€18,603 | -5.7% |
| Fixed assets | 21/28 | €272,761 | €266,004 | -€6,757 | -2.5% |
| Tangible fixed assets | 22/27 | €271,761 | €265,004 | -€6,757 | -2.5% |
| Land and buildings | 22 | €271,761 | €265,004 | -€6,757 | -2.5% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €53,578 | €41,733 | -€11,846 | -22.1% |
| Stocks and contracts in progress | 3 | €17,939 | €28,156 | +€10,217 | +57.0% |
| Stocks | 30/36 | €17,939 | €28,156 | +€10,217 | +57.0% |
| Amounts receivable within one year | 40/41 | €724 | - | -€724 | |
| Trade receivables | 40 | €724 | - | -€724 | |
| Cash at bank and in hand | 54/58 | €34,858 | €13,518 | -€21,340 | -61.2% |
| Deferred charges and accrued income | 490/1 | €56 | €58 | +€2 | +3.3% |
| Total equity and liabilities | 10/49 | €326,339 | €307,737 | -€18,603 | -5.7% |
| Equity | 10/15 | €77,688 | €56,042 | -€21,646 | -27.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €75,188 | €53,542 | -€21,646 | -28.8% |
| Distributable reserves | 133 | €75,188 | €53,542 | -€21,646 | -28.8% |
| Amounts payable | 17/49 | €248,651 | €251,695 | +€3,044 | +1.2% |
| Amounts payable after more than one year | 17 | €214,049 | €226,654 | +€12,605 | +5.9% |
| Financial debts | 170/4 | €214,049 | €226,654 | +€12,605 | +5.9% |
| Amounts payable within one year | 42/48 | €34,602 | €25,041 | -€9,561 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €11,956 | €12,395 | +€439 | +3.7% |
| Trade debts | 44 | - | €144 | +€144 | |
| Suppliers | 440/4 | - | €144 | +€144 | |
| Taxes, remuneration and social security | 45 | €22,554 | €10,678 | -€11,875 | -52.7% |
| Taxes | 450/3 | €22,554 | €10,678 | -€11,875 | -52.7% |
| Other amounts payable | 47/48 | €92 | €1,823 | +€1,731 | +1877.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,843 | €6,757 | -€15,086 | -69.1% |
| Other operating charges | 640/8 | €10,131 | €1,536 | -€8,594 | -84.8% |
| Gross operating margin | 9900 | €105,311 | -€3,832 | -€109,143 | |
| Operating profit (loss) | 9901 | €73,337 | -€12,125 | -€85,463 | |
| Financial income | 75/76B | €84 | - | -€84 | |
| Recurring financial income | 75 | €84 | - | -€84 | |
| Financial charges | 65/66B | €21,392 | €9,521 | -€11,872 | -55.5% |
| Recurring financial charges | 65 | €21,392 | €9,521 | -€11,872 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | €52,029 | -€21,646 | -€73,675 | |
| Income taxes | 67/77 | €10,678 | - | -€10,678 | |
| Profit (loss) for the period | 9904 | €41,351 | -€21,646 | -€62,997 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,351 | -€21,646 | -€62,997 |
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 3 October 2026 via checked.be.