appjs: 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.
appjs
Largest movements
- Cash -€58,197
down €58,197 (-59.1%), from €98,419 to €40,222
mainly Contributions, distributions and other (-€110,065) and Debts after one year (-€75,665)
- Tangible fixed assets -€56,562
down €56,562 (-3.3%), from €1.7m to €1.6m
of which Other tangible fixed assets: -€54,356
- Receivables within one year +€41,585
up €41,585 (+239%), from €17,420 to €59,005
of which Trade receivables: +€41,565
- Debts after one year -€75,665
down €75,665 (-10.5%), from €718,784 to €643,119
- Reserves -€33,457
down €33,457 (-2.5%), from €1.4m to €1.3m
of which Distributable reserves: -€33,457
- Tax, wage and social debts +€30,456
up €30,456 (+299%), from €10,200 to €40,656
- Gross operating margin +€64,153
up €64,153 (+70.5%), from €90,975 to €155,128
- Taxes +€6,031
up €6,031 (+370%), from €1,630 to €7,661
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 | €2,190,888 | €2,105,698 | -€85,190 | -3.9% |
| Fixed assets | 21/28 | €1,695,313 | €1,632,938 | -€62,375 | -3.7% |
| Tangible fixed assets | 22/27 | €1,689,500 | €1,632,938 | -€56,562 | -3.3% |
| Plant, machinery and equipment | 23 | €3,281 | €1,821 | -€1,460 | -44.5% |
| Furniture and vehicles | 24 | €7,309 | €6,563 | -€746 | -10.2% |
| Other tangible fixed assets | 26 | €1,678,910 | €1,624,554 | -€54,356 | -3.2% |
| Financial fixed assets | 28 | €5,813 | - | -€5,813 | |
| Current assets | 29/58 | €495,575 | €472,760 | -€22,815 | -4.6% |
| Amounts receivable within one year | 40/41 | €17,420 | €59,005 | +€41,585 | +239% |
| Trade receivables | 40 | €17,420 | €58,985 | +€41,565 | +239% |
| Other amounts receivable | 41 | - | €20 | +€20 | |
| Current investments | 50/53 | €379,736 | €373,533 | -€6,203 | -1.6% |
| Cash at bank and in hand | 54/58 | €98,419 | €40,222 | -€58,197 | -59.1% |
| Total equity and liabilities | 10/49 | €2,190,888 | €2,105,698 | -€85,190 | -3.9% |
| Equity | 10/15 | €1,371,808 | €1,338,351 | -€33,457 | -2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,353,208 | €1,319,751 | -€33,457 | -2.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,351,348 | €1,317,891 | -€33,457 | -2.5% |
| Amounts payable | 17/49 | €819,080 | €767,347 | -€51,733 | -6.3% |
| Amounts payable after more than one year | 17 | €718,784 | €643,119 | -€75,665 | -10.5% |
| Financial debts | 170/4 | €718,784 | €643,119 | -€75,665 | -10.5% |
| Amounts payable within one year | 42/48 | €99,026 | €122,958 | +€23,932 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €74,656 | €75,665 | +€1,009 | +1.4% |
| Trade debts | 44 | €5,445 | €6,038 | +€593 | +10.9% |
| Suppliers | 440/4 | €5,445 | €6,038 | +€593 | +10.9% |
| Taxes, remuneration and social security | 45 | €10,200 | €40,656 | +€30,456 | +299% |
| Taxes | 450/3 | €10,200 | €40,656 | +€30,456 | +299% |
| Other amounts payable | 47/48 | €8,725 | €599 | -€8,126 | -93.1% |
| Accrued charges and deferred income | 492/3 | €1,270 | €1,270 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,467 | €56,563 | -€904 | -1.6% |
| Other operating charges | 640/8 | €4,280 | €4,014 | -€266 | -6.2% |
| Gross operating margin | 9900 | €90,975 | €155,128 | +€64,153 | +70.5% |
| Operating profit (loss) | 9901 | €29,228 | €94,551 | +€65,323 | +223% |
| Financial charges | 65/66B | €11,296 | €10,282 | -€1,014 | -9.0% |
| Recurring financial charges | 65 | €11,296 | €10,282 | -€1,014 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €17,932 | €84,269 | +€66,337 | +370% |
| Income taxes | 67/77 | €1,630 | €7,661 | +€6,031 | +370% |
| Profit (loss) for the period | 9904 | €16,302 | €76,608 | +€60,306 | +370% |
| Profit (loss) for the period to be appropriated | 9905 | €16,302 | €76,608 | +€60,306 | +370% |
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 25 October 2026 via checked.be.