Appeltants Consulting: 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.
Appeltants Consulting
Largest movements
- Current investments +€177,551
up €177,551 (+12.5%), from €1.4m to €1.6m
- Cash -€47,008
down €47,008 (-44.3%), from €106,038 to €59,030
mainly Current investments (-€177,551) and Trade debts (-€68,613)
- Receivables within one year -€21,417
down €21,417 (-68.6%), from €31,237 to €9,819
of which Trade receivables: -€21,652
- Profit (loss) carried forward +€242,876
up €242,876 (+17.9%), from €1.4m to €1.6m
- Trade debts -€68,613
down €68,613 (-98.7%), from €69,482 to €869
- Tax, wage and social debts -€66,488
down €66,488 (-62.4%), from €106,488 to €40,000
- Financial income -€129,782
down €129,782 (-40.2%), from €322,596 to €192,813
- Taxes -€57,896
down €57,896 (-45.4%), from €127,463 to €69,567
- Financial charges -€25,140
down €25,140 (-44.2%), from €56,907 to €31,767
- Gross operating margin -€17,889
down €17,889 (-10.5%), from €171,038 to €153,149
- Depreciation -€2,753
no longer reported in 2025 (was €2,753)
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 | €1,558,957 | €1,666,493 | +€107,537 | +6.9% |
| Current assets | 29/58 | €1,558,957 | €1,666,493 | +€107,537 | +6.9% |
| Amounts receivable within one year | 40/41 | €31,237 | €9,819 | -€21,417 | -68.6% |
| Trade receivables | 40 | €31,150 | €9,498 | -€21,652 | -69.5% |
| Other amounts receivable | 41 | €87 | €321 | +€235 | +271% |
| Current investments | 50/53 | €1,420,093 | €1,597,644 | +€177,551 | +12.5% |
| Cash at bank and in hand | 54/58 | €106,038 | €59,030 | -€47,008 | -44.3% |
| Deferred charges and accrued income | 490/1 | €1,589 | - | -€1,589 | |
| Total equity and liabilities | 10/49 | €1,558,957 | €1,666,493 | +€107,537 | +6.9% |
| Equity | 10/15 | €1,380,110 | €1,622,986 | +€242,876 | +17.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,359,705 | €1,602,581 | +€242,876 | +17.9% |
| Amounts payable | 17/49 | €178,847 | €43,508 | -€135,339 | -75.7% |
| Amounts payable within one year | 42/48 | €178,249 | €43,508 | -€134,741 | -75.6% |
| Trade debts | 44 | €69,482 | €869 | -€68,613 | -98.7% |
| Suppliers | 440/4 | €69,482 | €869 | -€68,613 | -98.7% |
| Taxes, remuneration and social security | 45 | €106,488 | €40,000 | -€66,488 | -62.4% |
| Taxes | 450/3 | €106,488 | €40,000 | -€66,488 | -62.4% |
| Other amounts payable | 47/48 | €2,279 | €2,639 | +€360 | +15.8% |
| Accrued charges and deferred income | 492/3 | €598 | - | -€598 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,753 | - | -€2,753 | |
| Other operating charges | 640/8 | €1,841 | €1,753 | -€89 | -4.8% |
| Gross operating margin | 9900 | €171,038 | €153,149 | -€17,889 | -10.5% |
| Operating profit (loss) | 9901 | €166,443 | €151,397 | -€15,047 | -9.0% |
| Financial income | 75/76B | €322,596 | €192,813 | -€129,782 | -40.2% |
| Recurring financial income | 75 | €322,596 | €192,813 | -€129,782 | -40.2% |
| Financial charges | 65/66B | €56,907 | €31,767 | -€25,140 | -44.2% |
| Recurring financial charges | 65 | €56,907 | €31,767 | -€25,140 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €432,131 | €312,442 | -€119,689 | -27.7% |
| Income taxes | 67/77 | €127,463 | €69,567 | -€57,896 | -45.4% |
| Profit (loss) for the period | 9904 | €304,668 | €242,876 | -€61,793 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €304,668 | €242,876 | -€61,793 | -20.3% |
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 30 October 2026 via checked.be.