Appricorn: 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.
Appricorn
Largest movements
- Receivables within one year -€19,517
down €19,517 (-47.3%), from €41,235 to €21,717
of which Trade receivables: -€23,087
- Cash +€18,912
up €18,912 (+4,251%), from €445 to €19,357
mainly Net result for the year (+€69,564) and Receivables within one year (+€19,517)
- Tangible fixed assets -€16,257
down €16,257 (-4.6%), from €353,075 to €336,818
of which Land and buildings: -€13,972
- Debts after one year -€21,866
down €21,866 (-9.0%), from €241,881 to €220,015
- Profit (loss) carried forward -€16,011
down €16,011 (-100%), from €16,011 to €0
- Reserves +€12,421
up €12,421 (+15.8%), from €78,442 to €90,863
- Tax, wage and social debts +€12,410
up €12,410 (+83.3%), from €14,902 to €27,313
of which Remuneration and social security: +€7,057
- Gross operating margin +€66,968
up €66,968 (+129%), from €52,073 to €119,041
- Taxes +€18,060
up €18,060 (+209%), from €8,657 to €26,718
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 | €394,966 | €380,357 | -€14,609 | -3.7% |
| Fixed assets | 21/28 | €353,075 | €336,818 | -€16,257 | -4.6% |
| Tangible fixed assets | 22/27 | €353,075 | €336,818 | -€16,257 | -4.6% |
| Land and buildings | 22 | €347,789 | €333,817 | -€13,972 | -4.0% |
| Plant, machinery and equipment | 23 | €893 | €1,080 | +€187 | +21.0% |
| Furniture and vehicles | 24 | €4,393 | €1,920 | -€2,473 | -56.3% |
| Current assets | 29/58 | €41,891 | €43,539 | +€1,648 | +3.9% |
| Amounts receivable within one year | 40/41 | €41,235 | €21,717 | -€19,517 | -47.3% |
| Trade receivables | 40 | €37,516 | €14,429 | -€23,087 | -61.5% |
| Other amounts receivable | 41 | €3,719 | €7,288 | +€3,569 | +96.0% |
| Cash at bank and in hand | 54/58 | €445 | €19,357 | +€18,912 | +4,251% |
| Deferred charges and accrued income | 490/1 | €212 | €2,465 | +€2,253 | +1,064% |
| Total equity and liabilities | 10/49 | €394,966 | €380,357 | -€14,609 | -3.7% |
| Equity | 10/15 | €113,053 | €109,463 | -€3,590 | -3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,442 | €90,863 | +€12,421 | +15.8% |
| Distributable reserves | 133 | €78,442 | €90,863 | +€12,421 | +15.8% |
| Profit (loss) carried forward | 14 | €16,011 | €0 | -€16,011 | -100% |
| Amounts payable | 17/49 | €281,913 | €270,894 | -€11,019 | -3.9% |
| Amounts payable after more than one year | 17 | €241,881 | €220,015 | -€21,866 | -9.0% |
| Financial debts | 170/4 | €241,881 | €220,015 | -€21,866 | -9.0% |
| Amounts payable within one year | 42/48 | €40,032 | €50,843 | +€10,811 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €24,711 | €23,074 | -€1,638 | -6.6% |
| Trade debts | 44 | €419 | €457 | +€38 | +9.2% |
| Suppliers | 440/4 | €419 | €457 | +€38 | +9.2% |
| Taxes, remuneration and social security | 45 | €14,902 | €27,313 | +€12,410 | +83.3% |
| Taxes | 450/3 | €14,635 | €19,988 | +€5,353 | +36.6% |
| Remuneration and social security | 454/9 | €267 | €7,324 | +€7,057 | +2,641% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €36 | +€36 | |
| Non-recurring operating income | 76A | - | €995 | +€995 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,774 | €17,300 | -€474 | -2.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €1,028 | €356 | -€672 | -65.3% |
| Gross operating margin | 9900 | €52,073 | €119,041 | +€66,968 | +129% |
| Operating profit (loss) | 9901 | €33,271 | €101,385 | +€68,113 | +205% |
| Financial income | 75/76B | €111 | €378 | +€267 | +242% |
| Recurring financial income | 75 | €111 | €378 | +€267 | +242% |
| Financial charges | 65/66B | €5,656 | €5,481 | -€175 | -3.1% |
| Recurring financial charges | 65 | €5,656 | €5,481 | -€175 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €27,726 | €96,282 | +€68,556 | +247% |
| Income taxes | 67/77 | €8,657 | €26,718 | +€18,060 | +209% |
| Profit (loss) for the period | 9904 | €19,068 | €69,564 | +€50,496 | +265% |
| Profit (loss) for the period to be appropriated | 9905 | €19,068 | €69,564 | +€50,496 | +265% |
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 22 October 2026 via checked.be.