APPSIDE: 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.
APPSIDE
Largest movements
- Cash -€13,476
down €13,476 (-12.8%), from €105,387 to €91,911
mainly Tax, wage and social debts (-€18,375) and Net result for the year (-€8,212)
- Receivables within one year -€12,434
down €12,434 (-72.1%), from €17,250 to €4,816
of which Trade receivables: -€13,382
- Tangible fixed assets -€6,860
no longer reported in 2025 (was €6,860)
- Tax, wage and social debts -€18,375
down €18,375 (-62.2%), from €29,553 to €11,178
of which Taxes: -€18,262
- Profit (loss) carried forward -€8,212
down €8,212, from €3,273 to -€4,938
- Debts after one year -€5,633
no longer reported in 2025 (was €5,633)
- Trade debts -€1,534
down €1,534 (-67.8%), from €2,262 to €727
- Gross operating margin -€56,124
down €56,124 (-70.0%), from €80,225 to €24,101
- Taxes -€13,782
down €13,782 (-98.4%), from €14,003 to €221
- Staff costs -€2,594
down €2,594 (-9.7%), from €26,644 to €24,050
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 | €130,219 | €97,529 | -€32,690 | -25.1% |
| Fixed assets | 21/28 | €7,065 | €205 | -€6,860 | -97.1% |
| Tangible fixed assets | 22/27 | €6,860 | - | -€6,860 | |
| Furniture and vehicles | 24 | €6,860 | - | -€6,860 | |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €123,153 | €97,324 | -€25,830 | -21.0% |
| Amounts receivable within one year | 40/41 | €17,250 | €4,816 | -€12,434 | -72.1% |
| Trade receivables | 40 | €17,244 | €3,861 | -€13,382 | -77.6% |
| Other amounts receivable | 41 | €6 | €955 | +€949 | +15654.3% |
| Cash at bank and in hand | 54/58 | €105,387 | €91,911 | -€13,476 | -12.8% |
| Deferred charges and accrued income | 490/1 | €516 | €597 | +€81 | +15.6% |
| Total equity and liabilities | 10/49 | €130,219 | €97,529 | -€32,690 | -25.1% |
| Equity | 10/15 | €86,773 | €78,562 | -€8,212 | -9.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €78,500 | €78,500 | = | 0.0% |
| Distributable reserves | 133 | €78,500 | €78,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,273 | -€4,938 | -€8,212 | |
| Amounts payable | 17/49 | €43,445 | €18,967 | -€24,478 | -56.3% |
| Amounts payable after more than one year | 17 | €5,633 | - | -€5,633 | |
| Financial debts | 170/4 | €5,633 | - | -€5,633 | |
| Amounts payable within one year | 42/48 | €37,812 | €18,888 | -€18,925 | -50.0% |
| Financial debts | 43 | €5,399 | €5,633 | +€234 | +4.3% |
| Credit institutions | 430/8 | €5,399 | €5,633 | +€234 | +4.3% |
| Trade debts | 44 | €2,262 | €727 | -€1,534 | -67.8% |
| Suppliers | 440/4 | €2,262 | €727 | -€1,534 | -67.8% |
| Taxes, remuneration and social security | 45 | €29,553 | €11,178 | -€18,375 | -62.2% |
| Taxes | 450/3 | €26,487 | €8,224 | -€18,262 | -68.9% |
| Remuneration and social security | 454/9 | €3,066 | €2,954 | -€113 | -3.7% |
| Other amounts payable | 47/48 | €599 | €1,349 | +€750 | +125.4% |
| Accrued charges and deferred income | 492/3 | - | €79 | +€79 | |
| Remuneration, social security and pensions | 62 | €26,644 | €24,050 | -€2,594 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,163 | €6,860 | -€303 | -4.2% |
| Other operating charges | 640/8 | €261 | €695 | +€434 | +166.0% |
| Gross operating margin | 9900 | €80,225 | €24,101 | -€56,124 | -70.0% |
| Operating profit (loss) | 9901 | €46,156 | -€7,505 | -€53,661 | |
| Financial charges | 65/66B | €865 | €486 | -€379 | -43.8% |
| Recurring financial charges | 65 | €865 | €486 | -€379 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €45,291 | -€7,990 | -€53,282 | |
| Income taxes | 67/77 | €14,003 | €221 | -€13,782 | -98.4% |
| Profit (loss) for the period | 9904 | €31,288 | -€8,212 | -€39,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,288 | -€8,212 | -€39,500 |
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 4 October 2026 via checked.be.