APPLICATIONS ELECTRIQUES ET ELECTRONIQUES: 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.
APPLICATIONS ELECTRIQUES ET ELECTRONIQUES
Largest movements
- Current investments -€49,649
down €49,649 (-6.6%), from €755,307 to €705,658
- Cash +€24,967
up €24,967 (+40.0%), from €62,373 to €87,340
mainly Current investments (+€49,649) and Depreciation (+€3,612)
- Other debts -€13,999
down €13,999 (-37.2%), from €37,652 to €23,653
- Financial charges +€22,690
up €22,690 (+250%), from €9,074 to €31,764
- Financial income -€15,072
no longer reported in 2025 (was €15,072)
- Taxes -€8,409
no longer reported in 2025 (was €8,409)
- Gross operating margin -€7,709
down €7,709 (-19.5%), from €39,632 to €31,923
- Other operating charges -€444
down €444 (-9.0%), from €4,920 to €4,476
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 | €871,504 | €849,576 | -€21,928 | -2.5% |
| Fixed assets | 21/28 | €49,493 | €45,880 | -€3,613 | -7.3% |
| Tangible fixed assets | 22/27 | €49,493 | €45,880 | -€3,613 | -7.3% |
| Land and buildings | 22 | €49,493 | €45,880 | -€3,613 | -7.3% |
| Current assets | 29/58 | €822,011 | €803,696 | -€18,315 | -2.2% |
| Amounts receivable within one year | 40/41 | €4,331 | €10,698 | +€6,367 | +147% |
| Other amounts receivable | 41 | €4,331 | €10,698 | +€6,367 | +147% |
| Current investments | 50/53 | €755,307 | €705,658 | -€49,649 | -6.6% |
| Cash at bank and in hand | 54/58 | €62,373 | €87,340 | +€24,967 | +40.0% |
| Total equity and liabilities | 10/49 | €871,504 | €849,576 | -€21,928 | -2.5% |
| Equity | 10/15 | €833,852 | €825,923 | -€7,929 | -1.0% |
| Contributions | 10/11 | €198,600 | €198,600 | = | 0.0% |
| Capital | 10 | €198,513 | €198,513 | = | 0.0% |
| Issued capital | 100 | €198,513 | €198,513 | = | 0.0% |
| Contributions outside capital | 11 | €87 | €87 | = | 0.0% |
| Share premium | 1100/10 | €87 | €87 | = | 0.0% |
| Reserves | 13 | €440,212 | €440,212 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,851 | €19,851 | = | 0.0% |
| Legal reserve | 130 | €19,851 | €19,851 | = | 0.0% |
| Distributable reserves | 133 | €420,361 | €420,361 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,040 | €187,111 | -€7,929 | -4.1% |
| Amounts payable | 17/49 | €37,652 | €23,653 | -€13,999 | -37.2% |
| Amounts payable within one year | 42/48 | €37,652 | €23,653 | -€13,999 | -37.2% |
| Other amounts payable | 47/48 | €37,652 | €23,653 | -€13,999 | -37.2% |
| Non-recurring operating income | 76A | €4,417 | - | -€4,417 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,612 | €3,612 | = | 0.0% |
| Other operating charges | 640/8 | €4,920 | €4,476 | -€444 | -9.0% |
| Gross operating margin | 9900 | €39,632 | €31,923 | -€7,709 | -19.5% |
| Operating profit (loss) | 9901 | €31,100 | €23,835 | -€7,265 | -23.4% |
| Financial income | 75/76B | €15,072 | - | -€15,072 | |
| Recurring financial income | 75 | €15,072 | - | -€15,072 | |
| Financial charges | 65/66B | €9,074 | €31,764 | +€22,690 | +250% |
| Recurring financial charges | 65 | €9,074 | €31,764 | +€22,690 | +250% |
| Profit (loss) for the period before taxes | 9903 | €37,098 | -€7,929 | -€45,027 | |
| Income taxes | 67/77 | €8,409 | - | -€8,409 | |
| Profit (loss) for the period | 9904 | €28,689 | -€7,929 | -€36,618 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,689 | -€7,929 | -€36,618 |
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 31 October 2026 via checked.be.