APPLES 2 ORANGES: 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.
APPLES 2 ORANGES
Largest movements
- Cash +€46,978
up €46,978 (+69.3%), from €67,793 to €114,771
mainly Net result for the year (+€58,977) and Depreciation (+€29,830)
- Tangible fixed assets -€23,803
down €23,803 (-9.3%), from €254,976 to €231,173
of which Furniture and vehicles: -€18,471
- Receivables within one year -€22,521
down €22,521 (-17.1%), from €132,053 to €109,532
of which Trade receivables: -€24,492
- Current investments +€14,001
up €14,001 (+140%), from €9,999 to €24,000
- Reserves +€19,666
up €19,666 (+7.1%), from €276,718 to €296,384
- Debts after one year -€13,499
down €13,499 (-12.2%), from €110,489 to €96,990
- Tax, wage and social debts +€6,700
up €6,700 (+37.0%), from €18,086 to €24,786
- Depreciation +€3,532
up €3,532 (+13.4%), from €26,298 to €29,830
- Gross operating margin -€2,036
down €2,036 (-1.8%), from €115,781 to €113,746
- Taxes -€1,199
down €1,199 (-4.9%), from €24,687 to €23,488
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 | €467,518 | €482,245 | +€14,727 | +3.1% |
| Fixed assets | 21/28 | €254,976 | €231,173 | -€23,803 | -9.3% |
| Tangible fixed assets | 22/27 | €254,976 | €231,173 | -€23,803 | -9.3% |
| Land and buildings | 22 | €180,590 | €176,866 | -€3,724 | -2.1% |
| Plant, machinery and equipment | 23 | €5,448 | €3,841 | -€1,607 | -29.5% |
| Furniture and vehicles | 24 | €68,938 | €50,467 | -€18,471 | -26.8% |
| Current assets | 29/58 | €212,542 | €251,071 | +€38,529 | +18.1% |
| Amounts receivable within one year | 40/41 | €132,053 | €109,532 | -€22,521 | -17.1% |
| Trade receivables | 40 | €55,494 | €31,003 | -€24,492 | -44.1% |
| Other amounts receivable | 41 | €76,559 | €78,530 | +€1,971 | +2.6% |
| Current investments | 50/53 | €9,999 | €24,000 | +€14,001 | +140% |
| Cash at bank and in hand | 54/58 | €67,793 | €114,771 | +€46,978 | +69.3% |
| Deferred charges and accrued income | 490/1 | €2,696 | €2,768 | +€72 | +2.7% |
| Total equity and liabilities | 10/49 | €467,518 | €482,245 | +€14,727 | +3.1% |
| Equity | 10/15 | €282,918 | €302,584 | +€19,666 | +7.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €276,718 | €296,384 | +€19,666 | +7.1% |
| Distributable reserves | 133 | €276,718 | €296,384 | +€19,666 | +7.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €184,600 | €179,661 | -€4,939 | -2.7% |
| Amounts payable after more than one year | 17 | €110,489 | €96,990 | -€13,499 | -12.2% |
| Financial debts | 170/4 | €110,489 | €96,990 | -€13,499 | -12.2% |
| Amounts payable within one year | 42/48 | €74,112 | €82,234 | +€8,122 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €13,240 | €13,499 | +€259 | +2.0% |
| Trade debts | 44 | €366 | €192 | -€174 | -47.5% |
| Suppliers | 440/4 | €366 | €192 | -€174 | -47.5% |
| Taxes, remuneration and social security | 45 | €18,086 | €24,786 | +€6,700 | +37.0% |
| Taxes | 450/3 | €18,086 | €24,786 | +€6,700 | +37.0% |
| Other amounts payable | 47/48 | €42,421 | €43,758 | +€1,337 | +3.2% |
| Accrued charges and deferred income | 492/3 | €0 | €437 | +€437 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,298 | €29,830 | +€3,532 | +13.4% |
| Other operating charges | 640/8 | €1,840 | €1,471 | -€369 | -20.1% |
| Gross operating margin | 9900 | €115,781 | €113,746 | -€2,036 | -1.8% |
| Operating profit (loss) | 9901 | €87,644 | €82,445 | -€5,199 | -5.9% |
| Financial income | 75/76B | €1,669 | €2,501 | +€831 | +49.8% |
| Recurring financial income | 75 | €1,669 | €2,501 | +€831 | +49.8% |
| Financial charges | 65/66B | €2,704 | €2,480 | -€224 | -8.3% |
| Recurring financial charges | 65 | €2,704 | €2,480 | -€224 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €86,609 | €82,465 | -€4,144 | -4.8% |
| Income taxes | 67/77 | €24,687 | €23,488 | -€1,199 | -4.9% |
| Profit (loss) for the period | 9904 | €61,922 | €58,977 | -€2,945 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,922 | €58,977 | -€2,945 | -4.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.