APPI-INVEST: 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.
APPI-INVEST
Largest movements
- Cash -€2,382
down €2,382 (-93.0%), from €2,562 to €180
mainly Net result for the year (-€5,452) and Accrued charges and deferred income (-€441)
- Intangible fixed assets -€1,990
down €1,990 (-18.9%), from €10,553 to €8,563
- Tangible fixed assets -€823
down €823 (-17.2%), from €4,784 to €3,961
- Receivables within one year -€465
down €465 (-92.6%), from €502 to €37
- Deferred charges and accrued income -€457
no longer reported in 2025 (was €457)
- Profit (loss) carried forward -€5,451
down €5,451 (-26.4%), from -€20,613 to -€26,064
- Accrued charges and deferred income -€441
down €441 (-1.3%), from €32,926 to €32,485
- Tax, wage and social debts -€433
down €433 (-28.6%), from €1,516 to €1,083
- Gross operating margin -€1,843
down €1,843 (-307%), from -€600 to -€2,443
- Other operating charges -€170
down €170 (-53.1%), from €320 to €150
- Depreciation +€87
up €87 (+3.2%), from €2,726 to €2,813
- Taxes -€34
no longer reported in 2025 (was €34)
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 | €18,858 | €12,741 | -€6,117 | -32.4% |
| Fixed assets | 21/28 | €15,337 | €12,524 | -€2,813 | -18.3% |
| Intangible fixed assets | 21 | €10,553 | €8,563 | -€1,990 | -18.9% |
| Tangible fixed assets | 22/27 | €4,784 | €3,961 | -€823 | -17.2% |
| Furniture and vehicles | 24 | €4,784 | €3,961 | -€823 | -17.2% |
| Current assets | 29/58 | €3,521 | €217 | -€3,304 | -93.8% |
| Amounts receivable within one year | 40/41 | €502 | €37 | -€465 | -92.6% |
| Other amounts receivable | 41 | €502 | €37 | -€465 | -92.6% |
| Cash at bank and in hand | 54/58 | €2,562 | €180 | -€2,382 | -93.0% |
| Deferred charges and accrued income | 490/1 | €457 | - | -€457 | |
| Total equity and liabilities | 10/49 | €18,858 | €12,741 | -€6,117 | -32.4% |
| Equity | 10/15 | -€15,613 | -€21,064 | -€5,451 | -34.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,613 | -€26,064 | -€5,451 | -26.4% |
| Amounts payable | 17/49 | €34,471 | €33,805 | -€666 | -1.9% |
| Amounts payable within one year | 42/48 | €1,545 | €1,320 | -€225 | -14.6% |
| Financial debts | 43 | - | €21 | +€21 | |
| Credit institutions | 430/8 | - | €21 | +€21 | |
| Trade debts | 44 | €29 | €216 | +€187 | +645% |
| Suppliers | 440/4 | €29 | €216 | +€187 | +645% |
| Taxes, remuneration and social security | 45 | €1,516 | €1,083 | -€433 | -28.6% |
| Taxes | 450/3 | €1,516 | €1,083 | -€433 | -28.6% |
| Accrued charges and deferred income | 492/3 | €32,926 | €32,485 | -€441 | -1.3% |
| Non-recurring operating income | 76A | €17 | - | -€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,726 | €2,813 | +€87 | +3.2% |
| Other operating charges | 640/8 | €320 | €150 | -€170 | -53.1% |
| Gross operating margin | 9900 | -€600 | -€2,443 | -€1,843 | -307% |
| Operating profit (loss) | 9901 | -€3,646 | -€5,406 | -€1,760 | -48.3% |
| Financial charges | 65/66B | €45 | €46 | +€1 | +2.2% |
| Recurring financial charges | 65 | €45 | €46 | +€1 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,691 | -€5,452 | -€1,761 | -47.7% |
| Income taxes | 67/77 | €34 | - | -€34 | |
| Profit (loss) for the period | 9904 | -€3,725 | -€5,452 | -€1,727 | -46.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,725 | -€5,452 | -€1,727 | -46.4% |
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.