APPLE AND ARROW: 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.
APPLE AND ARROW
Largest movements
- Receivables within one year +€26,115
up €26,115 (+54.1%), from €48,276 to €74,390
of which Other amounts receivable: +€31,300
- Cash +€4,984
up €4,984 (+5.7%), from €87,350 to €92,334
mainly Net result for the year (+€26,229) and Other debts (+€25,960)
- Deferred charges and accrued income -€2,045
no longer reported in 2025 (was €2,045)
- Tangible fixed assets -€1,930
down €1,930 (-48.3%), from €4,000 to €2,070
- Other debts +€25,960
new in 2025: €25,960
- Tax, wage and social debts +€1,935
up €1,935 (+11.0%), from €17,569 to €19,504
- Gross operating margin +€36,802
up €36,802 (+485%), from €7,593 to €44,395
- Taxes +€13,797
up €13,797 (+784%), from €1,759 to €15,556
- Financial income +€2,198
new in 2025: €2,198
- Financial charges +€1,470
up €1,470 (+815%), from €180 to €1,651
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 | €141,671 | €168,794 | +€27,123 | +19.1% |
| Fixed assets | 21/28 | €4,000 | €2,070 | -€1,930 | -48.3% |
| Tangible fixed assets | 22/27 | €4,000 | €2,070 | -€1,930 | -48.3% |
| Furniture and vehicles | 24 | €4,000 | €2,070 | -€1,930 | -48.3% |
| Current assets | 29/58 | €137,671 | €166,724 | +€29,053 | +21.1% |
| Amounts receivable within one year | 40/41 | €48,276 | €74,390 | +€26,115 | +54.1% |
| Trade receivables | 40 | €29,504 | €24,318 | -€5,186 | -17.6% |
| Other amounts receivable | 41 | €18,772 | €50,072 | +€31,300 | +167% |
| Cash at bank and in hand | 54/58 | €87,350 | €92,334 | +€4,984 | +5.7% |
| Deferred charges and accrued income | 490/1 | €2,045 | - | -€2,045 | |
| Total equity and liabilities | 10/49 | €141,671 | €168,794 | +€27,123 | +19.1% |
| Equity | 10/15 | €123,041 | €123,310 | +€269 | +0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €65,066 | €65,335 | +€269 | +0.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €63,206 | €65,335 | +€2,129 | +3.4% |
| Profit (loss) carried forward | 14 | €51,775 | €51,775 | = | 0.0% |
| Amounts payable | 17/49 | €18,631 | €45,484 | +€26,854 | +144% |
| Amounts payable within one year | 42/48 | €18,631 | €45,484 | +€26,854 | +144% |
| Trade debts | 44 | €1,061 | €20 | -€1,041 | -98.1% |
| Suppliers | 440/4 | €1,061 | €20 | -€1,041 | -98.1% |
| Taxes, remuneration and social security | 45 | €17,569 | €19,504 | +€1,935 | +11.0% |
| Taxes | 450/3 | €17,569 | €19,504 | +€1,935 | +11.0% |
| Other amounts payable | 47/48 | - | €25,960 | +€25,960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,400 | €2,629 | +€229 | +9.5% |
| Other operating charges | 640/8 | €639 | €528 | -€112 | -17.5% |
| Gross operating margin | 9900 | €7,593 | €44,395 | +€36,802 | +485% |
| Operating profit (loss) | 9901 | €4,553 | €41,238 | +€36,685 | +806% |
| Financial income | 75/76B | - | €2,198 | +€2,198 | |
| Recurring financial income | 75 | - | €2,198 | +€2,198 | |
| Financial charges | 65/66B | €180 | €1,651 | +€1,470 | +815% |
| Recurring financial charges | 65 | €180 | €1,651 | +€1,470 | +815% |
| Profit (loss) for the period before taxes | 9903 | €4,373 | €41,786 | +€37,413 | +856% |
| Income taxes | 67/77 | €1,759 | €15,556 | +€13,797 | +784% |
| Profit (loss) for the period | 9904 | €2,614 | €26,229 | +€23,615 | +903% |
| Profit (loss) for the period to be appropriated | 9905 | €2,614 | €26,229 | +€23,615 | +903% |
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 31 October 2026 via checked.be.