APPOLINE BOTTELDOORN: what changed
APPOLINE BOTTELDOORN
Largest movements
- Current investments +€47,514
up €47,514 (+95.7%), from €49,642 to €97,156
- Cash +€2,328
up €2,328 (+49.1%), from €4,741 to €7,069
mainly Net result for the year (+€38,620) and Tax, wage and social debts (+€9,581)
- Tangible fixed assets -€1,520
down €1,520 (-61.5%), from €2,471 to €951
- Reserves +€37,420
up €37,420 (+93.4%), from €40,056 to €77,476
- Tax, wage and social debts +€9,581
up €9,581 (+83.1%), from €11,535 to €21,116
- Other debts +€1,200
up €1,200 (+409%), from €293 to €1,493
- Gross operating margin -€3,911
down €3,911 (-7.3%), from €53,714 to €49,803
- Financial income +€1,056
up €1,056 (+1,747%), from €60 to €1,117
- Taxes -€889
down €889 (-8.2%), from €10,819 to €9,930
- Depreciation -€569
down €569 (-27.2%), from €2,089 to €1,520
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,674 | €105,940 | +€48,266 | +83.7% |
| Fixed assets | 21/28 | €2,471 | €951 | -€1,520 | -61.5% |
| Tangible fixed assets | 22/27 | €2,471 | €951 | -€1,520 | -61.5% |
| Furniture and vehicles | 24 | €2,471 | €951 | -€1,520 | -61.5% |
| Current assets | 29/58 | €55,204 | €104,990 | +€49,786 | +90.2% |
| Current investments | 50/53 | €49,642 | €97,156 | +€47,514 | +95.7% |
| Cash at bank and in hand | 54/58 | €4,741 | €7,069 | +€2,328 | +49.1% |
| Deferred charges and accrued income | 490/1 | €821 | €765 | -€56 | -6.8% |
| Total equity and liabilities | 10/49 | €57,674 | €105,940 | +€48,266 | +83.7% |
| Equity | 10/15 | €45,056 | €82,476 | +€37,420 | +83.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €40,056 | €77,476 | +€37,420 | +93.4% |
| Distributable reserves | 133 | €40,056 | €77,476 | +€37,420 | +93.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €12,618 | €23,465 | +€10,846 | +86.0% |
| Amounts payable within one year | 42/48 | €12,618 | €23,465 | +€10,846 | +86.0% |
| Trade debts | 44 | €790 | €855 | +€65 | +8.2% |
| Suppliers | 440/4 | €790 | €855 | +€65 | +8.2% |
| Taxes, remuneration and social security | 45 | €11,535 | €21,116 | +€9,581 | +83.1% |
| Taxes | 450/3 | €11,535 | €21,116 | +€9,581 | +83.1% |
| Other amounts payable | 47/48 | €293 | €1,493 | +€1,200 | +409% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,089 | €1,520 | -€569 | -27.2% |
| Other operating charges | 640/8 | €767 | €732 | -€35 | -4.6% |
| Gross operating margin | 9900 | €53,714 | €49,803 | -€3,911 | -7.3% |
| Operating profit (loss) | 9901 | €50,857 | €47,551 | -€3,306 | -6.5% |
| Financial income | 75/76B | €60 | €1,117 | +€1,056 | +1,747% |
| Recurring financial income | 75 | €60 | €1,117 | +€1,056 | +1,747% |
| Financial charges | 65/66B | €42 | €117 | +€75 | +177% |
| Recurring financial charges | 65 | €42 | €117 | +€75 | +177% |
| Profit (loss) for the period before taxes | 9903 | €50,875 | €48,550 | -€2,325 | -4.6% |
| Income taxes | 67/77 | €10,819 | €9,930 | -€889 | -8.2% |
| Profit (loss) for the period | 9904 | €40,056 | €38,620 | -€1,436 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,056 | €38,620 | -€1,436 | -3.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.