APPERMANS: 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.
APPERMANS
Largest movements
- Cash -€67,962
down €67,962 (-64.6%), from €105,235 to €37,273
mainly Tax, wage and social debts (-€95,622) and Trade debts (-€1,571)
- Receivables within one year -€21,190
no longer reported in 2025 (was €21,190)
of which Trade receivables: -€20,983
- Tax, wage and social debts -€95,622
no longer reported in 2025 (was €95,622)
of which Remuneration and social security: -€66,500
- Other debts +€9,581
new in 2025: €9,581
- Trade debts -€1,571
no longer reported in 2025 (was €1,571)
- Profit (loss) carried forward -€1,540
down €1,540 (-21.3%), from €7,232 to €5,692
- Financial charges -€67,068
down €67,068 (-99.9%), from €67,143 to €75
of which Non-recurring financial charges: -€67,069
- Gross operating margin -€24,660
down €24,660, from €23,257 to -€1,403
- Financial income -€9,953
no longer reported in 2025 (was €9,953)
of which Financial income: -€9,953
- Other operating charges -€1,377
down €1,377 (-95.7%), from €1,439 to €62
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 | €126,425 | €37,273 | -€89,152 | -70.5% |
| Current assets | 29/58 | €126,425 | €37,273 | -€89,152 | -70.5% |
| Amounts receivable within one year | 40/41 | €21,190 | - | -€21,190 | |
| Trade receivables | 40 | €20,983 | - | -€20,983 | |
| Other amounts receivable | 41 | €207 | - | -€207 | |
| Cash at bank and in hand | 54/58 | €105,235 | €37,273 | -€67,962 | -64.6% |
| Total equity and liabilities | 10/49 | €126,425 | €37,273 | -€89,152 | -70.5% |
| Equity | 10/15 | €29,232 | €27,692 | -€1,540 | -5.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,232 | €5,692 | -€1,540 | -21.3% |
| Amounts payable | 17/49 | €97,193 | €9,581 | -€87,612 | -90.1% |
| Amounts payable within one year | 42/48 | €97,193 | €9,581 | -€87,612 | -90.1% |
| Trade debts | 44 | €1,571 | - | -€1,571 | |
| Suppliers | 440/4 | €1,571 | - | -€1,571 | |
| Taxes, remuneration and social security | 45 | €95,622 | - | -€95,622 | |
| Taxes | 450/3 | €29,122 | - | -€29,122 | |
| Remuneration and social security | 454/9 | €66,500 | - | -€66,500 | |
| Other amounts payable | 47/48 | - | €9,581 | +€9,581 | |
| Other operating charges | 640/8 | €1,439 | €62 | -€1,377 | -95.7% |
| Gross operating margin | 9900 | €23,257 | -€1,403 | -€24,660 | |
| Operating profit (loss) | 9901 | €21,818 | -€1,465 | -€23,283 | |
| Financial income | 75/76B | €9,953 | - | -€9,953 | |
| Recurring financial income | 75 | €9,953 | - | -€9,953 | |
| Non-recurring financial income | 76B | €9,953 | - | -€9,953 | |
| Financial charges | 65/66B | €67,143 | €75 | -€67,068 | -99.9% |
| Recurring financial charges | 65 | €74 | €75 | +€1 | +1.4% |
| Non-recurring financial charges | 66B | €67,069 | - | -€67,069 | |
| Profit (loss) for the period before taxes | 9903 | -€35,372 | -€1,540 | +€33,832 | +95.6% |
| Profit (loss) for the period | 9904 | -€35,372 | -€1,540 | +€33,832 | +95.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,372 | -€1,540 | +€33,832 | +95.6% |
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 30 September 2026 via checked.be.