APPELMANS TECHNICS: 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.
APPELMANS TECHNICS
Largest movements
- Cash +€115,117
up €115,117 (+834%), from €13,807 to €128,924
mainly Net result for the year (+€114,404) and Depreciation (+€50,418)
- Tangible fixed assets -€50,418
down €50,418 (-97.1%), from €51,908 to €1,490
- Receivables within one year -€38,159
down €38,159 (-13.3%), from €285,926 to €247,767
of which Trade receivables: -€47,676
- Stocks and contracts -€22,180
down €22,180 (-13.6%), from €163,560 to €141,380
- Debts after one year -€40,000
no longer reported in 2025 (was €40,000)
- Trade debts +€32,075
up €32,075 (+23.0%), from €139,405 to €171,480
- Other debts +€30,000
up €30,000 (+14.7%), from €204,377 to €234,377
- Tax, wage and social debts -€17,930
down €17,930 (-29.3%), from €61,173 to €43,243
of which Taxes: -€15,166
- Current portion of long-term debt -€8,000
down €8,000 (-16.7%), from €48,000 to €40,000
- Gross operating margin -€74,229
down €74,229 (-22.1%), from €335,657 to €261,428
- Staff costs -€69,382
down €69,382 (-66.1%), from €104,977 to €35,595
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 | €522,227 | €522,788 | +€561 | +0.1% |
| Fixed assets | 21/28 | €51,908 | €1,490 | -€50,418 | -97.1% |
| Tangible fixed assets | 22/27 | €51,908 | €1,490 | -€50,418 | -97.1% |
| Land and buildings | 22 | €51,908 | €1,490 | -€50,418 | -97.1% |
| Current assets | 29/58 | €470,319 | €521,298 | +€50,979 | +10.8% |
| Stocks and contracts in progress | 3 | €163,560 | €141,380 | -€22,180 | -13.6% |
| Stocks | 30/36 | €163,560 | €141,380 | -€22,180 | -13.6% |
| Amounts receivable within one year | 40/41 | €285,926 | €247,767 | -€38,159 | -13.3% |
| Trade receivables | 40 | €285,926 | €238,249 | -€47,676 | -16.7% |
| Other amounts receivable | 41 | - | €9,517 | +€9,517 | |
| Cash at bank and in hand | 54/58 | €13,807 | €128,924 | +€115,117 | +834% |
| Deferred charges and accrued income | 490/1 | €7,026 | €3,227 | -€3,799 | -54.1% |
| Total equity and liabilities | 10/49 | €522,227 | €522,788 | +€561 | +0.1% |
| Equity | 10/15 | €28,884 | €33,288 | +€4,404 | +15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,284 | €14,688 | +€4,404 | +42.8% |
| Distributable reserves | 133 | €10,284 | €14,688 | +€4,404 | +42.8% |
| Amounts payable | 17/49 | €493,342 | €489,500 | -€3,843 | -0.8% |
| Amounts payable after more than one year | 17 | €40,000 | - | -€40,000 | |
| Financial debts | 170/4 | €40,000 | - | -€40,000 | |
| Amounts payable within one year | 42/48 | €452,955 | €489,100 | +€36,145 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €48,000 | €40,000 | -€8,000 | -16.7% |
| Trade debts | 44 | €139,405 | €171,480 | +€32,075 | +23.0% |
| Suppliers | 440/4 | €139,405 | €171,480 | +€32,075 | +23.0% |
| Taxes, remuneration and social security | 45 | €61,173 | €43,243 | -€17,930 | -29.3% |
| Taxes | 450/3 | €58,409 | €43,243 | -€15,166 | -26.0% |
| Remuneration and social security | 454/9 | €2,764 | - | -€2,764 | |
| Other amounts payable | 47/48 | €204,377 | €234,377 | +€30,000 | +14.7% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Remuneration, social security and pensions | 62 | €104,977 | €35,595 | -€69,382 | -66.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,855 | €50,418 | -€1,436 | -2.8% |
| Other operating charges | 640/8 | €13,718 | €13,766 | +€48 | +0.4% |
| Gross operating margin | 9900 | €335,657 | €261,428 | -€74,229 | -22.1% |
| Operating profit (loss) | 9901 | €165,108 | €161,648 | -€3,459 | -2.1% |
| Financial charges | 65/66B | €7,166 | €4,002 | -€3,165 | -44.2% |
| Recurring financial charges | 65 | €7,166 | €4,002 | -€3,165 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €157,941 | €157,647 | -€295 | -0.2% |
| Income taxes | 67/77 | €42,484 | €43,243 | +€758 | +1.8% |
| Profit (loss) for the period | 9904 | €115,457 | €114,404 | -€1,053 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €115,457 | €114,404 | -€1,053 | -0.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.