APPELBLAUW: 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.
APPELBLAUW
Largest movements
- Cash +€22,328
up €22,328 (+48,318%), from €46 to €22,374
mainly Other debts (+€17,523) and Receivables within one year (+€4,085)
- Receivables within one year -€4,085
down €4,085 (-20.3%), from €20,114 to €16,029
of which Other amounts receivable: -€3,435
- Financial fixed assets -€600
down €600 (-85.7%), from €700 to €100
- Other debts +€17,523
up €17,523 (+92.6%), from €18,929 to €36,452
- Accrued charges and deferred income +€3,000
up €3,000, from €0 to €3,000
- Trade debts -€2,968
down €2,968 (-33.3%), from €8,906 to €5,938
- Financial income -€764
down €764 (-100%), from €764 to €0
- Other operating charges -€305
down €305 (-27.7%), from €1,100 to €796
- Taxes +€64
up €64, from -€64 to €0
- Gross operating margin +€53
up €53 (+4.8%), from €1,092 to €1,144
- Financial charges -€23
down €23 (-20.4%), from €115 to €92
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 | €21,210 | €38,857 | +€17,647 | +83.2% |
| Fixed assets | 21/28 | €700 | €100 | -€600 | -85.7% |
| Financial fixed assets | 28 | €700 | €100 | -€600 | -85.7% |
| Current assets | 29/58 | €20,510 | €38,757 | +€18,247 | +89.0% |
| Amounts receivable within one year | 40/41 | €20,114 | €16,029 | -€4,085 | -20.3% |
| Trade receivables | 40 | €13,300 | €12,650 | -€650 | -4.9% |
| Other amounts receivable | 41 | €6,814 | €3,379 | -€3,435 | -50.4% |
| Cash at bank and in hand | 54/58 | €46 | €22,374 | +€22,328 | +48,318% |
| Deferred charges and accrued income | 490/1 | €350 | €354 | +€4 | +1.3% |
| Total equity and liabilities | 10/49 | €21,210 | €38,857 | +€17,647 | +83.2% |
| Equity | 10/15 | -€6,964 | -€6,707 | +€257 | +3.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,364 | -€19,107 | +€257 | +1.3% |
| Amounts payable | 17/49 | €28,174 | €45,564 | +€17,390 | +61.7% |
| Amounts payable within one year | 42/48 | €28,174 | €42,564 | +€14,390 | +51.1% |
| Trade debts | 44 | €8,906 | €5,938 | -€2,968 | -33.3% |
| Suppliers | 440/4 | €8,906 | €5,938 | -€2,968 | -33.3% |
| Taxes, remuneration and social security | 45 | €339 | €174 | -€164 | -48.5% |
| Taxes | 450/3 | €339 | €174 | -€164 | -48.5% |
| Other amounts payable | 47/48 | €18,929 | €36,452 | +€17,523 | +92.6% |
| Accrued charges and deferred income | 492/3 | €0 | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,100 | €796 | -€305 | -27.7% |
| Gross operating margin | 9900 | €1,092 | €1,144 | +€53 | +4.8% |
| Operating profit (loss) | 9901 | -€9 | €349 | +€357 | |
| Financial income | 75/76B | €764 | €0 | -€764 | -100% |
| Recurring financial income | 75 | €764 | €0 | -€764 | -100% |
| Financial charges | 65/66B | €115 | €92 | -€23 | -20.4% |
| Recurring financial charges | 65 | €115 | €92 | -€23 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €641 | €257 | -€384 | -59.9% |
| Income taxes | 67/77 | -€64 | €0 | +€64 | |
| Profit (loss) for the period | 9904 | €704 | €257 | -€447 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €704 | €257 | -€447 | -63.5% |
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.