APPLITEK: 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.
What changed
APPLITEK
NACE 26.510, Manufacture of computer, electronic and optical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.3m
2024 · €2.3m-€1,845
Equity
€11.8m
2024 · €9.5m+€2.3m
Cash
€20.6m
2024 · €7.4m+€13.3m
Balance sheet total
€24.9m
2024 · €12.7m+€12.3m
Largest movements
Assets
- Cash +€13.3m
up €13.3m (+180.7%), from €7.4m to €20.6m
mainly Debts after one year (+€9.7m) and Net result for the year (+€2.3m)
- Stocks and contracts -€742,448
down €742,448 (-52.9%), from €1.4m to €661,966
of which Contracts in progress: -€425,716
Equity and liabilities
- Debts after one year +€9.7m
new in 2025: €9.7m
- Profit (loss) carried forward +€2.3m
up €2.3m (+24.7%), from €9.3m to €11.6m
- Tax, wage and social debts +€706,611
up €706,611 (+45.2%), from €1.6m to €2.3m
of which Taxes: +€746,214
Income statement
- Turnover +€889,155
up €889,155 (+9.6%), from €9.3m to €10.2m
- Services and other goods +€510,430
up €510,430 (+33.3%), from €1.5m to €2.0m
- Financial income +€167,241
up €167,241 (+62.3%), from €268,340 to €435,581
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.
Result 2024
€2.3m
Turnover
+€889,155
Other operating income
+€71,145
Goods and materials
-€23,876
Services and other goods
-€510,430
Staff costs
+€91,509
Depreciation
+€4,111
Write-downs
+€82,311
Provisions
-€4,926
Other operating charges
-€55,956
Other operating items
-€730,532
Financial income
+€167,241
Financial charges
-€3,281
Taxes
+€21,683
Result 2025
€2.3m
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.
From operations
+€3.6m
Investment
-€18,318
Financing
+€9.7m
Cash 2024
€7.4m
From operations (derived)
+€3.6m
Net result for the year
+€2.3m
Depreciation
+€62,352
Stocks and contracts
+€742,448
Receivables within one year
+€245,697
Smaller working-capital items
-€7,706
Trade debts
-€174,873
Tax, wage and social debts
+€706,611
Advances received
-€244,266
Investment (derived)
-€18,318
Investment in fixed assets (net)
-€18,318
Financing
+€9.7m
Debts after one year
+€9.7m
Cash 2025
€20.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,653,014 | €24,907,830 | +€12.3m | +96.9% |
| Fixed assets | 21/28 | €476,510 | €432,476 | -€44,034 | -9.2% |
| Intangible fixed assets | 21 | €7,534 | €5,435 | -€2,100 | -27.9% |
| Tangible fixed assets | 22/27 | €468,976 | €427,041 | -€41,934 | -8.9% |
| Land and buildings | 22 | €249,850 | €242,404 | -€7,445 | -3.0% |
| Plant, machinery and equipment | 23 | €89,612 | €68,802 | -€20,810 | -23.2% |
| Furniture and vehicles | 24 | €129,514 | €115,835 | -€13,679 | -10.6% |
| Current assets | 29/58 | €12,176,504 | €24,475,354 | +€12.3m | +101.0% |
| Stocks and contracts in progress | 3 | €1,404,414 | €661,966 | -€742,448 | -52.9% |
| Stocks | 30/36 | €978,699 | €661,966 | -€316,732 | -32.4% |
| Raw materials and consumables | 30/31 | €741,371 | €579,712 | -€161,659 | -21.8% |
| Work in progress | 32 | €139,846 | €25,131 | -€114,715 | -82.0% |
| Finished goods | 33 | €96,994 | €56,307 | -€40,688 | -41.9% |
| Goods purchased for resale | 34 | €487 | €817 | +€330 | +67.7% |
| Contracts in progress | 37 | €425,716 | €0 | -€425,716 | -100.0% |
| Amounts receivable within one year | 40/41 | €3,410,091 | €3,164,394 | -€245,697 | -7.2% |
| Trade receivables | 40 | €649,252 | €496,781 | -€152,471 | -23.5% |
| Other amounts receivable | 41 | €2,760,838 | €2,667,613 | -€93,225 | -3.4% |
| Cash at bank and in hand | 54/58 | €7,355,527 | €20,643,593 | +€13.3m | +180.7% |
| Deferred charges and accrued income | 490/1 | €6,472 | €5,401 | -€1,071 | -16.5% |
| Total equity and liabilities | 10/49 | €12,653,014 | €24,907,830 | +€12.3m | +96.9% |
| Equity | 10/15 | €9,480,172 | €11,766,293 | +€2.3m | +24.1% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €152,760 | €152,760 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €127,710 | €127,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,264,411 | €11,550,532 | +€2.3m | +24.7% |
| Provisions and deferred taxes | 16 | €24,970 | €16,193 | -€8,777 | -35.1% |
| Provisions for liabilities and charges | 160/5 | €24,970 | €16,193 | -€8,777 | -35.1% |
| Other liabilities and charges | 164/5 | €24,970 | €16,193 | -€8,777 | -35.1% |
| Amounts payable | 17/49 | €3,147,872 | €13,125,344 | +€10.0m | +317.0% |
| Amounts payable after more than one year | 17 | - | €9,690,000 | +€9.7m | |
| Financial debts | 170/4 | - | €9,690,000 | +€9.7m | |
| Other loans | 174 | - | €9,690,000 | +€9.7m | |
| Amounts payable within one year | 42/48 | €3,147,872 | €3,435,344 | +€287,472 | +9.1% |
| Trade debts | 44 | €987,644 | €812,771 | -€174,873 | -17.7% |
| Suppliers | 440/4 | €987,644 | €812,771 | -€174,873 | -17.7% |
| Advances received on contracts in progress | 46 | €597,002 | €352,736 | -€244,266 | -40.9% |
| Taxes, remuneration and social security | 45 | €1,563,226 | €2,269,837 | +€706,611 | +45.2% |
| Taxes | 450/3 | €740,000 | €1,486,214 | +€746,214 | +100.8% |
| Remuneration and social security | 454/9 | €823,226 | €783,624 | -€39,602 | -4.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €11,318,804 | €11,573,643 | +€254,839 | +2.3% |
| Turnover | 70 | €9,297,276 | €10,186,431 | +€889,155 | +9.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €138,356 | -€540,431 | -€678,787 | |
| Other operating income | 74 | €1,856,497 | €1,927,642 | +€71,145 | +3.8% |
| Non-recurring operating income | 76A | €26,675 | €0 | -€26,675 | -100.0% |
| Operating charges | 60/66A | €8,395,554 | €8,837,881 | +€442,327 | +5.3% |
| Goods for resale, raw materials and consumables | 60 | €3,002,330 | €3,026,206 | +€23,876 | +0.8% |
| Purchases | 600/8 | €3,409,433 | €2,761,706 | -€647,727 | -19.0% |
| Change in stocks: decrease (increase) | 609 | -€407,103 | €264,500 | +€671,603 | |
| Services and other goods | 61 | €1,533,995 | €2,044,425 | +€510,430 | +33.3% |
| Remuneration, social security and pensions | 62 | €3,716,034 | €3,624,525 | -€91,509 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,462 | €62,352 | -€4,111 | -6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,427 | -€53,885 | -€82,311 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€13,703 | -€8,777 | +€4,926 | +35.9% |
| Other operating charges | 640/8 | €62,009 | €117,965 | +€55,956 | +90.2% |
| Non-recurring operating charges | 66A | - | €25,070 | +€25,070 | |
| Operating profit (loss) | 9901 | €2,923,250 | €2,735,762 | -€187,488 | -6.4% |
| Financial income | 75/76B | €268,340 | €435,581 | +€167,241 | +62.3% |
| Recurring financial income | 75 | €268,340 | €435,581 | +€167,241 | +62.3% |
| Income from current assets | 751 | €181,703 | €406,718 | +€225,015 | +123.8% |
| Other financial income | 752/9 | €86,637 | €28,863 | -€57,774 | -66.7% |
| Financial charges | 65/66B | €36,727 | €40,008 | +€3,281 | +8.9% |
| Recurring financial charges | 65 | €36,727 | €40,008 | +€3,281 | +8.9% |
| Debt charges | 650 | €0 | €19 | +€18 | +4473.2% |
| Other financial charges | 652/9 | €36,726 | €39,989 | +€3,263 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €3,154,862 | €3,131,334 | -€23,528 | -0.7% |
| Income taxes | 67/77 | €866,896 | €845,214 | -€21,683 | -2.5% |
| Taxes | 670/3 | €882,500 | €845,214 | -€37,286 | -4.2% |
| Tax adjustments and reversals of tax provisions | 77 | €15,604 | €0 | -€15,604 | -100.0% |
| Profit (loss) for the period | 9904 | €2,287,966 | €2,286,121 | -€1,845 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,287,966 | €2,286,121 | -€1,845 | -0.1% |
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 7 October 2026 via checked.be.