APPS Logistics: 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.
APPS Logistics
Largest movements
- Cash +€84,826
up €84,826 (+515.8%), from €16,444 to €101,271
mainly Net result for the year (+€84,650) and Tax, wage and social debts (+€30,327)
- Receivables within one year +€44,372
up €44,372 (+942.3%), from €4,709 to €49,081
of which Other amounts receivable: +€30,369
- Tangible fixed assets -€7,057
down €7,057 (-26.3%), from €26,877 to €19,819
- Reserves +€61,000
up €61,000 (+254.2%), from €24,000 to €85,000
- Tax, wage and social debts +€30,327
up €30,327 (+714.7%), from €4,243 to €34,570
- Profit (loss) carried forward +€23,650
up €23,650 (+243.7%), from €9,706 to €33,357
- Trade debts +€6,943
up €6,943 (+1064.6%), from €652 to €7,595
- Purchases and services +€1.9m
up €1.9m (+1782.4%), from €106,504 to €2.0m
- Gross operating margin +€97,872
up €97,872 (+375.6%), from €26,056 to €123,928
- Taxes +€26,435
up €26,435 (+649.9%), from €4,067 to €30,502
- Depreciation -€2,655
down €2,655 (-26.7%), from €9,933 to €7,278
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 | €48,602 | €170,522 | +€121,920 | +250.9% |
| Formation expenses | 20 | €572 | €350 | -€221 | -38.7% |
| Fixed assets | 21/28 | €26,877 | €19,819 | -€7,057 | -26.3% |
| Tangible fixed assets | 22/27 | €26,877 | €19,819 | -€7,057 | -26.3% |
| Furniture and vehicles | 24 | €26,877 | €19,819 | -€7,057 | -26.3% |
| Current assets | 29/58 | €21,153 | €150,352 | +€129,198 | +610.8% |
| Amounts receivable within one year | 40/41 | €4,709 | €49,081 | +€44,372 | +942.3% |
| Trade receivables | 40 | €4,417 | €18,420 | +€14,003 | +317.0% |
| Other amounts receivable | 41 | €292 | €30,661 | +€30,369 | +10402.2% |
| Cash at bank and in hand | 54/58 | €16,444 | €101,271 | +€84,826 | +515.8% |
| Total equity and liabilities | 10/49 | €48,602 | €170,522 | +€121,920 | +250.9% |
| Equity | 10/15 | €43,706 | €128,357 | +€84,650 | +193.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €24,000 | €85,000 | +€61,000 | +254.2% |
| Distributable reserves | 133 | €24,000 | €85,000 | +€61,000 | +254.2% |
| Profit (loss) carried forward | 14 | €9,706 | €33,357 | +€23,650 | +243.7% |
| Amounts payable | 17/49 | €4,895 | €42,165 | +€37,270 | +761.3% |
| Amounts payable within one year | 42/48 | €4,895 | €42,165 | +€37,270 | +761.3% |
| Trade debts | 44 | €652 | €7,595 | +€6,943 | +1064.6% |
| Suppliers | 440/4 | €652 | €7,595 | +€6,943 | +1064.6% |
| Taxes, remuneration and social security | 45 | €4,243 | €34,570 | +€30,327 | +714.7% |
| Taxes | 450/3 | €4,243 | €34,570 | +€30,327 | +714.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €106,504 | €2,004,784 | +€1.9m | +1782.4% |
| Remuneration, social security and pensions | 62 | €254 | €274 | +€20 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,933 | €7,278 | -€2,655 | -26.7% |
| Other operating charges | 640/8 | €2,389 | €1,223 | -€1,166 | -48.8% |
| Gross operating margin | 9900 | €26,056 | €123,928 | +€97,872 | +375.6% |
| Operating profit (loss) | 9901 | €13,480 | €115,153 | +€101,673 | +754.3% |
| Financial charges | 65/66B | €0 | - | -€0 | |
| Recurring financial charges | 65 | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €13,479 | €115,153 | +€101,674 | +754.3% |
| Income taxes | 67/77 | €4,067 | €30,502 | +€26,435 | +649.9% |
| Profit (loss) for the period | 9904 | €9,412 | €84,650 | +€75,239 | +799.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,412 | €84,650 | +€75,239 | +799.4% |
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.