APPLETREE: 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.
What changed
APPLETREE
NACE 68.310, Real estate agency activities
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€497,387
2023 · €60,253+€437,133
Equity
€1.0m
2023 · €1.4m-€322,613
Cash
€258
2023 · €1,066-€808
Balance sheet total
€5.9m
2023 · €6.6m-€711,161
Largest movements
Assets
- Financial fixed assets -€850,750
down €850,750 (-100.0%), from €850,812 to €62
- Receivables after one year +€175,000
up €175,000 (+25.4%), from €690,000 to €865,000
Equity and liabilities
- Revaluation surpluses -€820,000
down €820,000 (-100%), from €820,000 to €0
- Profit (loss) carried forward +€512,423
up €512,423 (+31.8%), from -€1.6m to -€1.1m
- Advances received +€480,000
up €480,000 (+1,494%), from €32,136 to €512,136
- Short-term financial debts -€273,213
down €273,213 (-98.9%), from €276,231 to €3,018
- Other debts -€187,440
down €187,440 (-22.6%), from €829,397 to €641,957
Income statement
- Gross operating margin +€412,324
up €412,324 (+177%), from €232,413 to €644,737
- Financial charges -€47,025
down €47,025 (-41.6%), from €112,927 to €65,902
- Depreciation +€40,241
up €40,241 (+65.5%), from €61,455 to €101,696
From the 2023 result to the 2024 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.
Result 2023
€60,253
Gross operating margin
+€412,324
Staff costs
+€3,356
Depreciation
-€40,241
Other operating charges
+€5,562
Financial income
+€5,027
Financial charges
+€47,025
Taxes
+€4,080
Result 2024
€497,387
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€467,747
Investment
+€804,643
Financing
-€1.3m
Cash 2023
€1,066
From operations (derived)
+€467,747
Net result for the year
+€497,387
Depreciation
+€101,696
Receivables after one year
-€175,000
Receivables within one year
-€20,986
Provisions
-€5,012
Trade debts
-€161,679
Tax, wage and social debts
-€58,819
Advances received
+€480,000
Other debts
-€187,440
Accrued charges and deferred income
-€2,400
Investment (derived)
+€804,643
Investment in fixed assets (net)
+€804,643
Financing
-€1.3m
Debts after one year
-€128,970
Current portion of long-term debt
-€51,015
Short-term financial debts
-€273,213
Contributions, distributions and other
-€820,000
Cash 2024
€258
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,602,031 | €5,890,870 | -€711,161 | -10.8% |
| Fixed assets | 21/28 | €5,858,325 | €4,951,986 | -€906,339 | -15.5% |
| Tangible fixed assets | 22/27 | €5,007,513 | €4,951,924 | -€55,589 | -1.1% |
| Land and buildings | 22 | €2,368,556 | €2,350,064 | -€18,492 | -0.8% |
| Furniture and vehicles | 24 | €2,178 | €129 | -€2,049 | -94.1% |
| Leasing and similar rights | 25 | €1,936,779 | €1,901,730 | -€35,049 | -1.8% |
| Assets under construction and advance payments | 27 | €700,000 | €700,000 | = | 0.0% |
| Financial fixed assets | 28 | €850,812 | €62 | -€850,750 | -100.0% |
| Current assets | 29/58 | €743,707 | €938,885 | +€195,178 | +26.2% |
| Amounts receivable after more than one year | 29 | €690,000 | €865,000 | +€175,000 | +25.4% |
| Other amounts receivable | 291 | €690,000 | €865,000 | +€175,000 | +25.4% |
| Amounts receivable within one year | 40/41 | €52,641 | €73,627 | +€20,986 | +39.9% |
| Trade receivables | 40 | €37,809 | €73,627 | +€35,818 | +94.7% |
| Other amounts receivable | 41 | €14,832 | €0 | -€14,832 | -100% |
| Cash at bank and in hand | 54/58 | €1,066 | €258 | -€808 | -75.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €6,602,031 | €5,890,870 | -€711,161 | -10.8% |
| Equity | 10/15 | €1,367,943 | €1,045,330 | -€322,613 | -23.6% |
| Contributions | 10/11 | €530,000 | €530,000 | = | 0.0% |
| Revaluation surpluses | 12 | €820,000 | €0 | -€820,000 | -100% |
| Reserves | 13 | €1,629,574 | €1,614,538 | -€15,036 | -0.9% |
| Tax-exempt reserves | 132 | €1,362,342 | €1,347,306 | -€15,036 | -1.1% |
| Distributable reserves | 133 | €267,232 | €267,232 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,611,631 | -€1,099,208 | +€512,423 | +31.8% |
| Provisions and deferred taxes | 16 | €454,114 | €449,102 | -€5,012 | -1.1% |
| Deferred taxes | 168 | €454,114 | €449,102 | -€5,012 | -1.1% |
| Amounts payable | 17/49 | €4,779,974 | €4,396,439 | -€383,535 | -8.0% |
| Amounts payable after more than one year | 17 | €1,869,502 | €1,740,532 | -€128,970 | -6.9% |
| Financial debts | 170/4 | €1,748,669 | €1,619,699 | -€128,970 | -7.4% |
| Other amounts payable | 178/9 | €120,833 | €120,833 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,908,072 | €2,655,906 | -€252,166 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €197,757 | €146,742 | -€51,015 | -25.8% |
| Financial debts | 43 | €276,231 | €3,018 | -€273,213 | -98.9% |
| Credit institutions | 430/8 | €276,231 | €3,018 | -€273,213 | -98.9% |
| Trade debts | 44 | €1,440,234 | €1,278,555 | -€161,679 | -11.2% |
| Suppliers | 440/4 | €1,440,234 | €1,278,555 | -€161,679 | -11.2% |
| Advances received on contracts in progress | 46 | €32,136 | €512,136 | +€480,000 | +1,494% |
| Taxes, remuneration and social security | 45 | €132,317 | €73,498 | -€58,819 | -44.5% |
| Taxes | 450/3 | €132,317 | €73,498 | -€58,819 | -44.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €829,397 | €641,957 | -€187,440 | -22.6% |
| Accrued charges and deferred income | 492/3 | €2,400 | €0 | -€2,400 | -100% |
| Remuneration, social security and pensions | 62 | €3,356 | - | -€3,356 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,455 | €101,696 | +€40,241 | +65.5% |
| Other operating charges | 640/8 | €14,204 | €8,642 | -€5,562 | -39.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €232,413 | €644,737 | +€412,324 | +177% |
| Operating profit (loss) | 9901 | €153,398 | €534,400 | +€381,001 | +248% |
| Financial income | 75/76B | €19,885 | €24,912 | +€5,027 | +25.3% |
| Recurring financial income | 75 | €19,885 | €24,912 | +€5,027 | +25.3% |
| Financial charges | 65/66B | €112,927 | €65,902 | -€47,025 | -41.6% |
| Recurring financial charges | 65 | €112,927 | €65,902 | -€47,025 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €60,356 | €493,410 | +€433,053 | +717% |
| Transfer from deferred taxes | 780 | €5,012 | €5,012 | = | 0.0% |
| Income taxes | 67/77 | €5,115 | €1,035 | -€4,080 | -79.8% |
| Profit (loss) for the period | 9904 | €60,253 | €497,387 | +€437,133 | +725% |
| Transfer from tax-exempt reserves | 789 | €15,036 | €15,036 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,290 | €512,423 | +€437,133 | +581% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.