APPLICA: 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.
APPLICA
Largest movements
- Current investments -€940,521
no longer reported in 2025 (was €940,521)
- Receivables within one year +€566,862
up €566,862 (+43.8%), from €1.3m to €1.9m
of which Trade receivables: +€582,863
- Cash -€223,033
down €223,033 (-36.1%), from €617,735 to €394,703
mainly Receivables within one year (-€566,862) and Other debts (-€418,257)
- Other debts -€418,257
no longer reported in 2025 (was €418,257)
- Trade debts -€118,422
down €118,422 (-15.6%), from €759,367 to €640,945
- Accrued charges and deferred income -€65,847
down €65,847 (-99.8%), from €65,951 to €104
- Turnover -€771,338
down €771,338 (-26.5%), from €2.9m to €2.1m
- Purchases and services -€412,684
down €412,684 (-24.4%), from €1.7m to €1.3m
- Gross operating margin -€341,808
down €341,808 (-28.1%), from €1.2m to €874,068
- Taxes -€60,965
down €60,965 (-52.6%), from €115,906 to €54,942
- Staff costs -€55,020
down €55,020 (-7.1%), from €771,263 to €716,243
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 | €2,900,267 | €2,288,502 | -€611,765 | -21.1% |
| Fixed assets | 21/28 | €23,471 | €11,208 | -€12,263 | -52.2% |
| Tangible fixed assets | 22/27 | €23,287 | €11,024 | -€12,263 | -52.7% |
| Plant, machinery and equipment | 23 | €12,516 | €6,152 | -€6,364 | -50.8% |
| Furniture and vehicles | 24 | €6,031 | €2,906 | -€3,125 | -51.8% |
| Other tangible fixed assets | 26 | €4,740 | €1,965 | -€2,775 | -58.5% |
| Financial fixed assets | 28 | €184 | €184 | = | 0.0% |
| Current assets | 29/58 | €2,876,796 | €2,277,294 | -€599,502 | -20.8% |
| Amounts receivable within one year | 40/41 | €1,294,109 | €1,860,971 | +€566,862 | +43.8% |
| Trade receivables | 40 | €1,255,109 | €1,837,972 | +€582,863 | +46.4% |
| Other amounts receivable | 41 | €39,000 | €22,999 | -€16,001 | -41.0% |
| Current investments | 50/53 | €940,521 | - | -€940,521 | |
| Cash at bank and in hand | 54/58 | €617,735 | €394,703 | -€223,033 | -36.1% |
| Deferred charges and accrued income | 490/1 | €24,431 | €21,621 | -€2,810 | -11.5% |
| Total equity and liabilities | 10/49 | €2,900,267 | €2,288,502 | -€611,765 | -21.1% |
| Equity | 10/15 | €1,532,598 | €1,530,740 | -€1,858 | -0.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,514,006 | €1,512,148 | -€1,858 | -0.1% |
| Tax-exempt reserves | 132 | €104,527 | €20,327 | -€84,200 | -80.6% |
| Distributable reserves | 133 | €1,409,478 | €1,491,820 | +€82,342 | +5.8% |
| Amounts payable | 17/49 | €1,367,669 | €757,762 | -€609,907 | -44.6% |
| Amounts payable within one year | 42/48 | €1,301,718 | €757,658 | -€544,060 | -41.8% |
| Trade debts | 44 | €759,367 | €640,945 | -€118,422 | -15.6% |
| Suppliers | 440/4 | €759,367 | €640,945 | -€118,422 | -15.6% |
| Taxes, remuneration and social security | 45 | €124,093 | €116,713 | -€7,381 | -5.9% |
| Taxes | 450/3 | €26,798 | €26,918 | +€120 | +0.4% |
| Remuneration and social security | 454/9 | €97,296 | €89,795 | -€7,501 | -7.7% |
| Other amounts payable | 47/48 | €418,257 | - | -€418,257 | |
| Accrued charges and deferred income | 492/3 | €65,951 | €104 | -€65,847 | -99.8% |
| Turnover | 70 | €2,910,313 | €2,138,975 | -€771,338 | -26.5% |
| Non-recurring operating income | 76A | - | €16,847 | +€16,847 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,694,437 | €1,281,754 | -€412,684 | -24.4% |
| Remuneration, social security and pensions | 62 | €771,263 | €716,243 | -€55,020 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,257 | €12,403 | -€855 | -6.4% |
| Other operating charges | 640/8 | €2,276 | €1,680 | -€596 | -26.2% |
| Non-recurring operating charges | 66A | €100 | - | -€100 | |
| Gross operating margin | 9900 | €1,215,875 | €874,068 | -€341,808 | -28.1% |
| Operating profit (loss) | 9901 | €428,980 | €143,743 | -€285,237 | -66.5% |
| Financial income | 75/76B | €18,358 | €72,027 | +€53,669 | +292% |
| Recurring financial income | 75 | €18,358 | €72,027 | +€53,669 | +292% |
| Financial charges | 65/66B | €1,653 | €1,972 | +€319 | +19.3% |
| Recurring financial charges | 65 | €1,653 | €1,972 | +€319 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €445,685 | €213,798 | -€231,887 | -52.0% |
| Income taxes | 67/77 | €115,906 | €54,942 | -€60,965 | -52.6% |
| Profit (loss) for the period | 9904 | €329,779 | €158,856 | -€170,923 | -51.8% |
| Transfer from tax-exempt reserves | 789 | - | €84,200 | +€84,200 | |
| Transfer to tax-exempt reserves | 689 | €26,502 | - | -€26,502 | |
| Profit (loss) for the period to be appropriated | 9905 | €303,277 | €243,056 | -€60,221 | -19.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.