Applied Business Logics: 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.
Applied Business Logics
Largest movements
- Cash +€116,040
up €116,040 (+57.9%), from €200,246 to €316,285
mainly Other debts (+€189,549) and Net result for the year (+€126,794)
- Receivables within one year -€52,884
down €52,884 (-58.7%), from €90,156 to €37,272
of which Trade receivables: -€47,667
- Tangible fixed assets -€34,965
down €34,965 (-9.9%), from €354,686 to €319,721
- Other debts +€189,549
up €189,549 (+200%), from €94,763 to €284,312
- Reserves -€140,115
down €140,115 (-29.8%), from €470,168 to €330,053
- Profit (loss) carried forward -€30,337
down €30,337 (-68.4%), from €44,337 to €14,000
- Tax, wage and social debts +€12,511
up €12,511 (+49.5%), from €25,265 to €37,776
- Financial charges -€79,934
down €79,934 (-98.6%), from €81,090 to €1,157
of which Non-recurring financial charges: -€79,500
- Gross operating margin -€31,494
down €31,494 (-12.1%), from €260,455 to €228,961
- Taxes -€2,625
down €2,625 (-4.3%), from €61,143 to €58,518
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 | €646,213 | €677,843 | +€31,630 | +4.9% |
| Fixed assets | 21/28 | €354,686 | €319,721 | -€34,965 | -9.9% |
| Tangible fixed assets | 22/27 | €354,686 | €319,721 | -€34,965 | -9.9% |
| Land and buildings | 22 | €275,845 | €259,280 | -€16,565 | -6.0% |
| Plant, machinery and equipment | 23 | €6,498 | €5,294 | -€1,204 | -18.5% |
| Furniture and vehicles | 24 | €72,343 | €55,147 | -€17,197 | -23.8% |
| Current assets | 29/58 | €291,527 | €358,122 | +€66,595 | +22.8% |
| Amounts receivable within one year | 40/41 | €90,156 | €37,272 | -€52,884 | -58.7% |
| Trade receivables | 40 | €83,338 | €35,671 | -€47,667 | -57.2% |
| Other amounts receivable | 41 | €6,818 | €1,601 | -€5,217 | -76.5% |
| Cash at bank and in hand | 54/58 | €200,246 | €316,285 | +€116,040 | +57.9% |
| Deferred charges and accrued income | 490/1 | €1,125 | €4,565 | +€3,439 | +306% |
| Total equity and liabilities | 10/49 | €646,213 | €677,843 | +€31,630 | +4.9% |
| Equity | 10/15 | €524,505 | €354,053 | -€170,453 | -32.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €470,168 | €330,053 | -€140,115 | -29.8% |
| Distributable reserves | 133 | €470,168 | €330,053 | -€140,115 | -29.8% |
| Profit (loss) carried forward | 14 | €44,337 | €14,000 | -€30,337 | -68.4% |
| Amounts payable | 17/49 | €121,707 | €323,790 | +€202,083 | +166% |
| Amounts payable within one year | 42/48 | €120,188 | €322,586 | +€202,397 | +168% |
| Trade debts | 44 | €160 | €497 | +€337 | +210% |
| Suppliers | 440/4 | €160 | €497 | +€337 | +210% |
| Taxes, remuneration and social security | 45 | €25,265 | €37,776 | +€12,511 | +49.5% |
| Taxes | 450/3 | €25,265 | €37,776 | +€12,511 | +49.5% |
| Other amounts payable | 47/48 | €94,763 | €284,312 | +€189,549 | +200% |
| Accrued charges and deferred income | 492/3 | €1,519 | €1,204 | -€315 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,955 | €39,261 | +€306 | +0.8% |
| Other operating charges | 640/8 | €4,764 | €4,643 | -€121 | -2.5% |
| Non-recurring operating charges | 66A | €374 | €306 | -€67 | -18.0% |
| Gross operating margin | 9900 | €260,455 | €228,961 | -€31,494 | -12.1% |
| Operating profit (loss) | 9901 | €216,362 | €184,750 | -€31,612 | -14.6% |
| Financial income | 75/76B | €741 | €1,718 | +€977 | +132% |
| Recurring financial income | 75 | €741 | €1,718 | +€977 | +132% |
| Financial charges | 65/66B | €81,090 | €1,157 | -€79,934 | -98.6% |
| Recurring financial charges | 65 | €1,590 | €1,157 | -€434 | -27.3% |
| Non-recurring financial charges | 66B | €79,500 | - | -€79,500 | |
| Profit (loss) for the period before taxes | 9903 | €136,013 | €185,312 | +€49,299 | +36.2% |
| Income taxes | 67/77 | €61,143 | €58,518 | -€2,625 | -4.3% |
| Profit (loss) for the period | 9904 | €74,870 | €126,794 | +€51,924 | +69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,870 | €126,794 | +€51,924 | +69.4% |
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 23 October 2026 via checked.be.