APPLICATION SOFTWARE ENGINEERING BELGIUM: 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.
APPLICATION SOFTWARE ENGINEERING BELGIUM
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Cash -€176,863
down €176,863 (-70.8%), from €249,856 to €72,993
mainly Current investments (-€200,000) and Other debts (-€66,465)
- Tangible fixed assets -€16,157
down €16,157 (-19.9%), from €81,156 to €64,999
- Receivables within one year -€3,953
down €3,953 (-56.9%), from €6,953 to €3,000
- Other debts -€66,465
no longer reported in 2025 (was €66,465)
- Accrued charges and deferred income +€53,800
new in 2025: €53,800
- Profit (loss) carried forward +€23,564
up €23,564 (+10.0%), from €236,822 to €260,386
- Tax, wage and social debts -€7,872
down €7,872 (-71.2%), from €11,052 to €3,180
- Financial income -€16,472
down €16,472 (-98.7%), from €16,693 to €221
- Taxes -€4,977
down €4,977 (-37.8%), from €13,156 to €8,179
- Financial charges -€3,670
down €3,670 (-97.0%), from €3,782 to €112
- Gross operating margin +€2,047
up €2,047 (+4.5%), from €45,882 to €47,929
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 | €339,825 | €342,852 | +€3,027 | +0.9% |
| Fixed assets | 21/28 | €83,016 | €66,859 | -€16,157 | -19.5% |
| Tangible fixed assets | 22/27 | €81,156 | €64,999 | -€16,157 | -19.9% |
| Land and buildings | 22 | €81,156 | €64,999 | -€16,157 | -19.9% |
| Financial fixed assets | 28 | €1,860 | €1,860 | = | 0.0% |
| Current assets | 29/58 | €256,809 | €275,993 | +€19,184 | +7.5% |
| Amounts receivable within one year | 40/41 | €6,953 | €3,000 | -€3,953 | -56.9% |
| Other amounts receivable | 41 | €6,953 | €3,000 | -€3,953 | -56.9% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €249,856 | €72,993 | -€176,863 | -70.8% |
| Total equity and liabilities | 10/49 | €339,825 | €342,852 | +€3,027 | +0.9% |
| Equity | 10/15 | €262,308 | €285,872 | +€23,564 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,886 | €6,886 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €5,011 | €5,011 | = | 0.0% |
| Profit (loss) carried forward | 14 | €236,822 | €260,386 | +€23,564 | +10.0% |
| Amounts payable | 17/49 | €77,517 | €56,980 | -€20,537 | -26.5% |
| Amounts payable within one year | 42/48 | €77,517 | €3,180 | -€74,337 | -95.9% |
| Taxes, remuneration and social security | 45 | €11,052 | €3,180 | -€7,872 | -71.2% |
| Taxes | 450/3 | €11,052 | €3,180 | -€7,872 | -71.2% |
| Other amounts payable | 47/48 | €66,465 | - | -€66,465 | |
| Accrued charges and deferred income | 492/3 | - | €53,800 | +€53,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,698 | €16,157 | +€459 | +2.9% |
| Other operating charges | 640/8 | €212 | €138 | -€74 | -34.9% |
| Gross operating margin | 9900 | €45,882 | €47,929 | +€2,047 | +4.5% |
| Operating profit (loss) | 9901 | €29,972 | €31,634 | +€1,662 | +5.5% |
| Financial income | 75/76B | €16,693 | €221 | -€16,472 | -98.7% |
| Recurring financial income | 75 | €16,693 | €221 | -€16,472 | -98.7% |
| Financial charges | 65/66B | €3,782 | €112 | -€3,670 | -97.0% |
| Recurring financial charges | 65 | €3,782 | €112 | -€3,670 | -97.0% |
| Profit (loss) for the period before taxes | 9903 | €42,883 | €31,743 | -€11,140 | -26.0% |
| Income taxes | 67/77 | €13,156 | €8,179 | -€4,977 | -37.8% |
| Profit (loss) for the period | 9904 | €29,727 | €23,564 | -€6,163 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,727 | €23,564 | -€6,163 | -20.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.