APPLIC-ON: 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.
APPLIC-ON
Largest movements
- Tangible fixed assets -€9,691
down €9,691 (-2.8%), from €350,367 to €340,676
- Debts after one year -€28,279
down €28,279 (-41.5%), from €68,104 to €39,825
- Reserves +€23,362
up €23,362 (+34.5%), from €67,684 to €91,046
- Gross operating margin +€14,736
up €14,736 (+43.4%), from €33,958 to €48,694
- Taxes +€3,751
up €3,751 (+90.6%), from €4,140 to €7,891
- Financial charges -€1,422
down €1,422 (-23.8%), from €5,964 to €4,543
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 | €350,602 | €341,347 | -€9,255 | -2.6% |
| Fixed assets | 21/28 | €350,367 | €340,676 | -€9,691 | -2.8% |
| Tangible fixed assets | 22/27 | €350,367 | €340,676 | -€9,691 | -2.8% |
| Land and buildings | 22 | €350,367 | €340,676 | -€9,691 | -2.8% |
| Current assets | 29/58 | €235 | €671 | +€436 | +185.2% |
| Amounts receivable within one year | 40/41 | €0 | €100 | +€100 | |
| Other amounts receivable | 41 | €0 | €100 | +€100 | |
| Cash at bank and in hand | 54/58 | €235 | €571 | +€336 | +142.7% |
| Total equity and liabilities | 10/49 | €350,602 | €341,347 | -€9,255 | -2.6% |
| Equity | 10/15 | €209,284 | €232,646 | +€23,362 | +11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €123,000 | €123,000 | = | 0.0% |
| Reserves | 13 | €67,684 | €91,046 | +€23,362 | +34.5% |
| Distributable reserves | 133 | €67,684 | €91,046 | +€23,362 | +34.5% |
| Provisions and deferred taxes | 16 | €15,000 | €15,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,000 | €15,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable | 17/49 | €126,319 | €93,701 | -€32,618 | -25.8% |
| Amounts payable after more than one year | 17 | €68,104 | €39,825 | -€28,279 | -41.5% |
| Financial debts | 170/4 | €68,104 | €39,825 | -€28,279 | -41.5% |
| Amounts payable within one year | 42/48 | €58,215 | €53,876 | -€4,339 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €26,741 | €28,214 | +€1,473 | +5.5% |
| Financial debts | 43 | - | €1,687 | +€1,687 | |
| Credit institutions | 430/8 | - | €1,687 | +€1,687 | |
| Trade debts | 44 | €9,093 | €6,297 | -€2,796 | -30.8% |
| Suppliers | 440/4 | €9,093 | €6,297 | -€2,796 | -30.8% |
| Taxes, remuneration and social security | 45 | €4,293 | €2,891 | -€1,402 | -32.7% |
| Taxes | 450/3 | €4,293 | €2,891 | -€1,402 | -32.7% |
| Other amounts payable | 47/48 | €18,088 | €14,788 | -€3,300 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,691 | €9,691 | = | 0.0% |
| Other operating charges | 640/8 | €3,111 | €3,207 | +€96 | +3.1% |
| Gross operating margin | 9900 | €33,958 | €48,694 | +€14,736 | +43.4% |
| Operating profit (loss) | 9901 | €21,156 | €35,796 | +€14,640 | +69.2% |
| Financial charges | 65/66B | €5,964 | €4,543 | -€1,422 | -23.8% |
| Recurring financial charges | 65 | €5,964 | €4,543 | -€1,422 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €15,192 | €31,253 | +€16,061 | +105.7% |
| Income taxes | 67/77 | €4,140 | €7,891 | +€3,751 | +90.6% |
| Profit (loss) for the period | 9904 | €11,052 | €23,362 | +€12,310 | +111.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,052 | €23,362 | +€12,310 | +111.4% |
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.