APPLE SELECT: what changed
APPLE SELECT
Largest movements
- Receivables within one year +€238,520
up €238,520 (+8,458%), from €2,820 to €241,340
of which Trade receivables: +€241,193
- Cash -€16,627
down €16,627 (-92.0%), from €18,063 to €1,436
mainly Receivables within one year (-€238,520) and Debts after one year (-€50,000)
- Deferred charges and accrued income -€8,466
no longer reported in 2025 (was €8,466)
- Trade debts +€154,400
up €154,400 (+529%), from €29,174 to €183,574
- Profit (loss) carried forward +€51,501
up €51,501 (+73.8%), from -€69,825 to -€18,324
- Debts after one year -€50,000
no longer reported in 2025 (was €50,000)
- Tax, wage and social debts +€31,079
new in 2025: €31,079
- Other debts +€26,447
new in 2025: €26,447
- Gross operating margin +€32,591
up €32,591 (+165%), from €19,732 to €52,323
- Financial income -€589
no longer reported in 2025 (was €589)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,349 | €242,776 | +€213,427 | +727% |
| Current assets | 29/58 | €29,349 | €242,776 | +€213,427 | +727% |
| Amounts receivable within one year | 40/41 | €2,820 | €241,340 | +€238,520 | +8,458% |
| Trade receivables | 40 | €0 | €241,193 | +€241,193 | |
| Other amounts receivable | 41 | €2,820 | €147 | -€2,673 | -94.8% |
| Cash at bank and in hand | 54/58 | €18,063 | €1,436 | -€16,627 | -92.0% |
| Deferred charges and accrued income | 490/1 | €8,466 | - | -€8,466 | |
| Total equity and liabilities | 10/49 | €29,349 | €242,776 | +€213,427 | +727% |
| Equity | 10/15 | -€49,825 | €1,676 | +€51,501 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,825 | -€18,324 | +€51,501 | +73.8% |
| Amounts payable | 17/49 | €79,174 | €241,101 | +€161,927 | +205% |
| Amounts payable after more than one year | 17 | €50,000 | - | -€50,000 | |
| Financial debts | 170/4 | €50,000 | - | -€50,000 | |
| Amounts payable within one year | 42/48 | €29,174 | €241,101 | +€211,927 | +726% |
| Trade debts | 44 | €29,174 | €183,574 | +€154,400 | +529% |
| Suppliers | 440/4 | €29,174 | €183,574 | +€154,400 | +529% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | - | €31,079 | +€31,079 | |
| Taxes | 450/3 | - | €31,079 | +€31,079 | |
| Other amounts payable | 47/48 | - | €26,447 | +€26,447 | |
| Other operating charges | 640/8 | €387 | €750 | +€362 | +93.6% |
| Gross operating margin | 9900 | €19,732 | €52,323 | +€32,591 | +165% |
| Operating profit (loss) | 9901 | €19,345 | €51,573 | +€32,228 | +167% |
| Financial income | 75/76B | €589 | - | -€589 | |
| Recurring financial income | 75 | €589 | - | -€589 | |
| Financial charges | 65/66B | €71 | €73 | +€2 | +2.1% |
| Recurring financial charges | 65 | €71 | €73 | +€2 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €19,862 | €51,501 | +€31,638 | +159% |
| Profit (loss) for the period | 9904 | €19,862 | €51,501 | +€31,638 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €19,862 | €51,501 | +€31,638 | +159% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.