APPLE TREE MANAGEMENT: 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.
APPLE TREE MANAGEMENT
Largest movements
- Cash -€94,526
down €94,526 (-60.5%), from €156,344 to €61,818
mainly Contributions, distributions and other (-€135,000) and Current portion of long-term debt (-€5,827)
- Tangible fixed assets -€9,075
down €9,075 (-87.3%), from €10,395 to €1,320
- Receivables within one year +€1,777
up €1,777 (+336.9%), from €527 to €2,304
- Reserves -€135,000
down €135,000 (-89.4%), from €151,000 to €16,000
- Profit (loss) carried forward +€37,782
up €37,782 (+21466.0%), from €176 to €37,958
- Current portion of long-term debt -€5,827
down €5,827 (-83.2%), from €7,000 to €1,173
- Tax, wage and social debts +€1,751
up €1,751 (+19.9%), from €8,800 to €10,550
of which Remuneration and social security: +€3,450
- Gross operating margin +€79,568
up €79,568, from -€31,658 to €47,910
- Financial income -€590
no longer reported in 2025 (was €590)
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 | €174,367 | €72,570 | -€101,797 | -58.4% |
| Fixed assets | 21/28 | €10,395 | €1,320 | -€9,075 | -87.3% |
| Tangible fixed assets | 22/27 | €10,395 | €1,320 | -€9,075 | -87.3% |
| Furniture and vehicles | 24 | €10,395 | €1,320 | -€9,075 | -87.3% |
| Current assets | 29/58 | €163,972 | €71,251 | -€92,722 | -56.5% |
| Amounts receivable within one year | 40/41 | €527 | €2,304 | +€1,777 | +336.9% |
| Other amounts receivable | 41 | €527 | €2,304 | +€1,777 | +336.9% |
| Current investments | 50/53 | €6,000 | €6,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €156,344 | €61,818 | -€94,526 | -60.5% |
| Deferred charges and accrued income | 490/1 | €1,100 | €1,129 | +€28 | +2.5% |
| Total equity and liabilities | 10/49 | €174,367 | €72,570 | -€101,797 | -58.4% |
| Equity | 10/15 | €156,176 | €58,958 | -€97,218 | -62.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €151,000 | €16,000 | -€135,000 | -89.4% |
| Distributable reserves | 133 | €151,000 | €16,000 | -€135,000 | -89.4% |
| Profit (loss) carried forward | 14 | €176 | €37,958 | +€37,782 | +21466.0% |
| Amounts payable | 17/49 | €18,191 | €13,612 | -€4,579 | -25.2% |
| Amounts payable after more than one year | 17 | €1,173 | - | -€1,173 | |
| Financial debts | 170/4 | €1,173 | - | -€1,173 | |
| Amounts payable within one year | 42/48 | €17,018 | €13,612 | -€3,406 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €7,000 | €1,173 | -€5,827 | -83.2% |
| Trade debts | 44 | €392 | €575 | +€183 | +46.6% |
| Suppliers | 440/4 | €392 | €575 | +€183 | +46.6% |
| Taxes, remuneration and social security | 45 | €8,800 | €10,550 | +€1,751 | +19.9% |
| Taxes | 450/3 | €8,800 | €7,100 | -€1,699 | -19.3% |
| Remuneration and social security | 454/9 | - | €3,450 | +€3,450 | |
| Other amounts payable | 47/48 | €826 | €1,314 | +€488 | +59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,309 | €9,075 | -€234 | -2.5% |
| Other operating charges | 640/8 | €672 | €694 | +€22 | +3.3% |
| Gross operating margin | 9900 | -€31,658 | €47,910 | +€79,568 | |
| Operating profit (loss) | 9901 | -€41,638 | €38,141 | +€79,780 | |
| Financial income | 75/76B | €590 | - | -€590 | |
| Recurring financial income | 75 | €590 | - | -€590 | |
| Financial charges | 65/66B | €236 | €163 | -€72 | -30.8% |
| Recurring financial charges | 65 | €236 | €163 | -€72 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | -€41,284 | €37,978 | +€79,262 | |
| Income taxes | 67/77 | €140 | €196 | +€56 | +40.4% |
| Profit (loss) for the period | 9904 | -€41,423 | €37,782 | +€79,206 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,423 | €37,782 | +€79,206 |
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 5 October 2026 via checked.be.