APPELMANS J.: what changed
What changed
APPELMANS J.
NACE 46.620, Wholesale of machine tools
filed annual accounts (NBB)
Net result for the year
€277,017
2024 · €174,412+€102,605
Equity
€931,963
2024 · €924,946+€7,017
Cash
€110,253
2024 · €17,516+€92,737
Balance sheet total
€4.0m
2024 · €4.4m-€439,067
Largest movements
Assets
- Receivables within one year -€763,780
down €763,780 (-26.8%), from €2.8m to €2.1m
of which Trade receivables: -€844,393
- Stocks and contracts +€242,564
up €242,564 (+17.7%), from €1.4m to €1.6m
of which Stocks: +€158,218
- Cash +€92,737
up €92,737 (+529%), from €17,516 to €110,253
mainly Receivables within one year (+€763,780) and Net result for the year (+€277,017)
Equity and liabilities
- Short-term financial debts -€300,090
down €300,090 (-86.6%), from €346,420 to €46,329
- Other debts -€178,000
down €178,000 (-34.4%), from €518,000 to €340,000
- Current portion of long-term debt -€103,504
down €103,504 (-88.1%), from €117,513 to €14,009
- Trade debts +€92,224
up €92,224 (+4.0%), from €2.3m to €2.4m
- Tax, wage and social debts +€52,890
up €52,890 (+27.9%), from €189,762 to €242,651
of which Taxes: +€78,572
Income statement
- Staff costs -€134,111
down €134,111 (-19.1%), from €702,375 to €568,264
- Taxes +€40,454
up €40,454 (+62.2%), from €65,076 to €105,529
- Gross operating margin -€37,858
down €37,858 (-3.6%), from €1.0m to €1.0m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€174,412
Gross operating margin
-€37,858
Staff costs
+€134,111
Depreciation
+€7,343
Provisions
+€857
Other operating charges
+€1,508
Other operating items
+€38,394
Financial income
-€4,590
Financial charges
+€3,293
Taxes
-€40,454
Result 2025
€277,017
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€786,216
Investment
-€5,876
Financing
-€687,603
Cash 2024
€17,516
From operations (derived)
+€786,216
Net result for the year
+€277,017
Depreciation
+€20,058
Stocks and contracts
-€242,564
Receivables within one year
+€763,780
Deferred charges and accrued income
-€3,594
Provisions
+€1,694
Trade debts
+€92,224
Tax, wage and social debts
+€52,890
Other debts
-€178,000
Accrued charges and deferred income
+€2,712
Investment (derived)
-€5,876
Investment in fixed assets (net)
-€5,876
Financing
-€687,603
Debts after one year
-€14,009
Current portion of long-term debt
-€103,504
Short-term financial debts
-€300,090
Contributions, distributions and other
-€270,000
Cash 2025
€110,253
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,422,421 | €3,983,353 | -€439,067 | -9.9% |
| Fixed assets | 21/28 | €180,492 | €166,311 | -€14,182 | -7.9% |
| Tangible fixed assets | 22/27 | €180,450 | €166,268 | -€14,182 | -7.9% |
| Land and buildings | 22 | €162,852 | €160,569 | -€2,283 | -1.4% |
| Plant, machinery and equipment | 23 | €3,745 | €2,745 | -€1,000 | -26.7% |
| Furniture and vehicles | 24 | €13,853 | €2,953 | -€10,899 | -78.7% |
| Financial fixed assets | 28 | €42 | €42 | = | 0.0% |
| Current assets | 29/58 | €4,241,928 | €3,817,043 | -€424,886 | -10.0% |
| Stocks and contracts in progress | 3 | €1,366,607 | €1,609,171 | +€242,564 | +17.7% |
| Stocks | 30/36 | €1,366,607 | €1,524,824 | +€158,218 | +11.6% |
| Contracts in progress | 37 | - | €84,346 | +€84,346 | |
| Amounts receivable within one year | 40/41 | €2,849,293 | €2,085,513 | -€763,780 | -26.8% |
| Trade receivables | 40 | €2,839,389 | €1,994,996 | -€844,393 | -29.7% |
| Other amounts receivable | 41 | €9,904 | €90,517 | +€80,613 | +814% |
| Cash at bank and in hand | 54/58 | €17,516 | €110,253 | +€92,737 | +529% |
| Deferred charges and accrued income | 490/1 | €8,513 | €12,106 | +€3,594 | +42.2% |
| Total equity and liabilities | 10/49 | €4,422,421 | €3,983,353 | -€439,067 | -9.9% |
| Equity | 10/15 | €924,946 | €931,963 | +€7,017 | +0.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €862,946 | €869,963 | +€7,017 | +0.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €856,746 | €863,763 | +€7,017 | +0.8% |
| Provisions and deferred taxes | 16 | €11,977 | €13,671 | +€1,694 | +14.1% |
| Provisions for liabilities and charges | 160/5 | €11,977 | €13,671 | +€1,694 | +14.1% |
| Other liabilities and charges | 164/5 | €11,977 | €13,671 | +€1,694 | +14.1% |
| Amounts payable | 17/49 | €3,485,498 | €3,037,720 | -€447,778 | -12.8% |
| Amounts payable after more than one year | 17 | €14,009 | - | -€14,009 | |
| Financial debts | 170/4 | €14,009 | - | -€14,009 | |
| Amounts payable within one year | 42/48 | €3,470,259 | €3,033,778 | -€436,480 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €117,513 | €14,009 | -€103,504 | -88.1% |
| Financial debts | 43 | €346,420 | €46,329 | -€300,090 | -86.6% |
| Credit institutions | 430/8 | €346,420 | €46,329 | -€300,090 | -86.6% |
| Trade debts | 44 | €2,298,565 | €2,390,788 | +€92,224 | +4.0% |
| Suppliers | 440/4 | €2,298,565 | €2,390,788 | +€92,224 | +4.0% |
| Taxes, remuneration and social security | 45 | €189,762 | €242,651 | +€52,890 | +27.9% |
| Taxes | 450/3 | €87,440 | €166,012 | +€78,572 | +89.9% |
| Remuneration and social security | 454/9 | €102,321 | €76,639 | -€25,682 | -25.1% |
| Other amounts payable | 47/48 | €518,000 | €340,000 | -€178,000 | -34.4% |
| Accrued charges and deferred income | 492/3 | €1,230 | €3,941 | +€2,712 | +220% |
| Remuneration, social security and pensions | 62 | €702,375 | €568,264 | -€134,111 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,401 | €20,058 | -€7,343 | -26.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,550 | €1,694 | -€857 | -33.6% |
| Other operating charges | 640/8 | €11,627 | €10,119 | -€1,508 | -13.0% |
| Non-recurring operating charges | 66A | €38,394 | - | -€38,394 | |
| Gross operating margin | 9900 | €1,044,530 | €1,006,672 | -€37,858 | -3.6% |
| Operating profit (loss) | 9901 | €262,182 | €406,538 | +€144,355 | +55.1% |
| Financial income | 75/76B | €4,590 | - | -€4,590 | |
| Recurring financial income | 75 | €4,590 | - | -€4,590 | |
| Financial charges | 65/66B | €27,284 | €23,991 | -€3,293 | -12.1% |
| Recurring financial charges | 65 | €27,284 | €23,991 | -€3,293 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €239,488 | €382,546 | +€143,059 | +59.7% |
| Income taxes | 67/77 | €65,076 | €105,529 | +€40,454 | +62.2% |
| Profit (loss) for the period | 9904 | €174,412 | €277,017 | +€102,605 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €174,412 | €277,017 | +€102,605 | +58.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.