APPINQ: 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.
APPINQ
Largest movements
- Cash +€18,243
up €18,243 (+63.9%), from €28,559 to €46,803
mainly Net result for the year (+€41,568) and Trade debts (+€3,853)
- Receivables within one year +€9,539
up €9,539 (+67.9%), from €14,056 to €23,595
of which Trade receivables: +€7,079
- Tangible fixed assets +€7,723
up €7,723 (+34.4%), from €22,426 to €30,149
of which Furniture and vehicles: +€4,096
- Deferred charges and accrued income +€2,783
new in 2025: €2,783
- Reserves +€41,568
up €41,568 (+92.9%), from €44,722 to €86,290
- Tax, wage and social debts -€7,133
down €7,133 (-54.5%), from €13,080 to €5,946
- Trade debts +€3,853
up €3,853 (+370.5%), from €1,040 to €4,893
- Gross operating margin +€3,873
up €3,873 (+5.3%), from €73,656 to €77,529
- Depreciation +€2,712
up €2,712 (+256.5%), from €1,057 to €3,769
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 | €65,042 | €103,330 | +€38,288 | +58.9% |
| Fixed assets | 21/28 | €22,426 | €30,149 | +€7,723 | +34.4% |
| Tangible fixed assets | 22/27 | €22,426 | €30,149 | +€7,723 | +34.4% |
| Plant, machinery and equipment | 23 | €1,005 | €4,632 | +€3,627 | +360.8% |
| Furniture and vehicles | 24 | €21,421 | €25,517 | +€4,096 | +19.1% |
| Current assets | 29/58 | €42,616 | €73,181 | +€30,565 | +71.7% |
| Amounts receivable within one year | 40/41 | €14,056 | €23,595 | +€9,539 | +67.9% |
| Trade receivables | 40 | €11,798 | €18,876 | +€7,079 | +60.0% |
| Other amounts receivable | 41 | €2,259 | €4,719 | +€2,461 | +108.9% |
| Cash at bank and in hand | 54/58 | €28,559 | €46,803 | +€18,243 | +63.9% |
| Deferred charges and accrued income | 490/1 | - | €2,783 | +€2,783 | |
| Total equity and liabilities | 10/49 | €65,042 | €103,330 | +€38,288 | +58.9% |
| Equity | 10/15 | €50,922 | €92,490 | +€41,568 | +81.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €44,722 | €86,290 | +€41,568 | +92.9% |
| Distributable reserves | 133 | €44,722 | €86,290 | +€41,568 | +92.9% |
| Amounts payable | 17/49 | €14,120 | €10,840 | -€3,280 | -23.2% |
| Amounts payable within one year | 42/48 | €14,120 | €10,840 | -€3,280 | -23.2% |
| Trade debts | 44 | €1,040 | €4,893 | +€3,853 | +370.5% |
| Suppliers | 440/4 | €1,040 | €4,893 | +€3,853 | +370.5% |
| Taxes, remuneration and social security | 45 | €13,080 | €5,946 | -€7,133 | -54.5% |
| Taxes | 450/3 | €13,080 | €5,946 | -€7,133 | -54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,057 | €3,769 | +€2,712 | +256.5% |
| Other operating charges | 640/8 | €2,402 | €2,217 | -€186 | -7.7% |
| Non-recurring operating charges | 66A | - | €7,899 | +€7,899 | |
| Gross operating margin | 9900 | €73,656 | €77,529 | +€3,873 | +5.3% |
| Operating profit (loss) | 9901 | €70,197 | €63,645 | -€6,552 | -9.3% |
| Financial income | 75/76B | €15 | €111 | +€96 | +664.8% |
| Recurring financial income | 75 | €15 | €111 | +€96 | +664.8% |
| Financial charges | 65/66B | €92 | €72 | -€20 | -21.6% |
| Recurring financial charges | 65 | €92 | €72 | -€20 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €70,119 | €63,683 | -€6,436 | -9.2% |
| Income taxes | 67/77 | €21,568 | €22,115 | +€547 | +2.5% |
| Profit (loss) for the period | 9904 | €48,551 | €41,568 | -€6,983 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,551 | €41,568 | -€6,983 | -14.4% |
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 4 October 2026 via checked.be.