Appoleon: 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.
Appoleon
Largest movements
- Cash +€55,605
up €55,605 (+177.7%), from €31,285 to €86,890
mainly Net result for the year (+€52,087) and Tax, wage and social debts (+€7,497)
- Receivables within one year +€3,273
up €3,273 (+25.2%), from €12,977 to €16,250
- Deferred charges and accrued income +€1,504
up €1,504 (+412.2%), from €365 to €1,868
- Reserves +€52,087
up €52,087 (+187.4%), from €27,788 to €79,875
- Tax, wage and social debts +€7,497
up €7,497 (+50.9%), from €14,723 to €22,221
- Trade debts +€1,448
up €1,448 (+148.3%), from €977 to €2,425
- Gross operating margin +€32,117
up €32,117 (+90.4%), from €35,517 to €67,634
- Taxes +€6,611
up €6,611 (+93.1%), from €7,103 to €13,714
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 | €45,988 | €107,309 | +€61,321 | +133.3% |
| Fixed assets | 21/28 | €1,361 | €2,301 | +€939 | +69.0% |
| Tangible fixed assets | 22/27 | €1,361 | €2,301 | +€939 | +69.0% |
| Plant, machinery and equipment | 23 | €1,361 | €2,301 | +€939 | +69.0% |
| Current assets | 29/58 | €44,627 | €105,008 | +€60,382 | +135.3% |
| Amounts receivable within one year | 40/41 | €12,977 | €16,250 | +€3,273 | +25.2% |
| Trade receivables | 40 | €12,977 | €16,250 | +€3,273 | +25.2% |
| Cash at bank and in hand | 54/58 | €31,285 | €86,890 | +€55,605 | +177.7% |
| Deferred charges and accrued income | 490/1 | €365 | €1,868 | +€1,504 | +412.2% |
| Total equity and liabilities | 10/49 | €45,988 | €107,309 | +€61,321 | +133.3% |
| Equity | 10/15 | €30,288 | €82,375 | +€52,087 | +172.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €27,788 | €79,875 | +€52,087 | +187.4% |
| Distributable reserves | 133 | €27,788 | €79,875 | +€52,087 | +187.4% |
| Amounts payable | 17/49 | €15,700 | €24,934 | +€9,234 | +58.8% |
| Amounts payable within one year | 42/48 | €15,700 | €24,934 | +€9,234 | +58.8% |
| Trade debts | 44 | €977 | €2,425 | +€1,448 | +148.3% |
| Suppliers | 440/4 | €977 | €2,425 | +€1,448 | +148.3% |
| Taxes, remuneration and social security | 45 | €14,723 | €22,221 | +€7,497 | +50.9% |
| Taxes | 450/3 | €14,723 | €22,221 | +€7,497 | +50.9% |
| Other amounts payable | 47/48 | - | €288 | +€288 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | €610 | +€409 | +204.7% |
| Other operating charges | 640/8 | €387 | €578 | +€190 | +49.2% |
| Gross operating margin | 9900 | €35,517 | €67,634 | +€32,117 | +90.4% |
| Operating profit (loss) | 9901 | €34,930 | €66,447 | +€31,517 | +90.2% |
| Financial income | 75/76B | €15 | €42 | +€27 | +179.2% |
| Recurring financial income | 75 | €15 | €42 | +€27 | +179.2% |
| Financial charges | 65/66B | €54 | €687 | +€633 | +1168.9% |
| Recurring financial charges | 65 | €54 | €687 | +€633 | +1168.9% |
| Profit (loss) for the period before taxes | 9903 | €34,890 | €65,801 | +€30,911 | +88.6% |
| Income taxes | 67/77 | €7,103 | €13,714 | +€6,611 | +93.1% |
| Profit (loss) for the period | 9904 | €27,788 | €52,087 | +€24,300 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,788 | €52,087 | +€24,300 | +87.4% |
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 9 October 2026 via checked.be.