Appstract: 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.
Appstract
Largest movements
- Receivables within one year +€90,315
up €90,315 (+335%), from €26,925 to €117,240
of which Other amounts receivable: +€91,499
- Cash -€65,360
down €65,360 (-35.0%), from €186,601 to €121,241
mainly Contributions, distributions and other (-€100,628) and Receivables within one year (-€90,315)
- Tangible fixed assets -€22,742
down €22,742 (-21.4%), from €106,237 to €83,495
of which Furniture and vehicles: -€17,293
- Current investments +€7,114
up €7,114 (+19.0%), from €37,417 to €44,531
- Other debts +€46,226
up €46,226 (+85.0%), from €54,402 to €100,628
- Reserves -€21,415
down €21,415 (-8.5%), from €253,278 to €231,863
- Debts after one year -€18,448
no longer reported in 2025 (was €18,448)
- Gross operating margin +€11,171
up €11,171 (+8.4%), from €133,269 to €144,440
- Taxes +€3,251
up €3,251 (+10.5%), from €30,975 to €34,226
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 | €359,328 | €368,826 | +€9,498 | +2.6% |
| Fixed assets | 21/28 | €106,237 | €83,495 | -€22,742 | -21.4% |
| Tangible fixed assets | 22/27 | €106,237 | €83,495 | -€22,742 | -21.4% |
| Land and buildings | 22 | €64,727 | €55,567 | -€9,160 | -14.2% |
| Furniture and vehicles | 24 | €41,510 | €24,217 | -€17,293 | -41.7% |
| Other tangible fixed assets | 26 | - | €3,711 | +€3,711 | |
| Current assets | 29/58 | €253,091 | €285,330 | +€32,240 | +12.7% |
| Amounts receivable within one year | 40/41 | €26,925 | €117,240 | +€90,315 | +335% |
| Trade receivables | 40 | €25,875 | €24,691 | -€1,184 | -4.6% |
| Other amounts receivable | 41 | €1,050 | €92,550 | +€91,499 | +8,713% |
| Current investments | 50/53 | €37,417 | €44,531 | +€7,114 | +19.0% |
| Cash at bank and in hand | 54/58 | €186,601 | €121,241 | -€65,360 | -35.0% |
| Deferred charges and accrued income | 490/1 | €2,147 | €2,318 | +€170 | +7.9% |
| Total equity and liabilities | 10/49 | €359,328 | €368,826 | +€9,498 | +2.6% |
| Equity | 10/15 | €253,478 | €232,063 | -€21,415 | -8.4% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €253,278 | €231,863 | -€21,415 | -8.5% |
| Distributable reserves | 133 | €253,278 | €231,863 | -€21,415 | -8.5% |
| Amounts payable | 17/49 | €105,850 | €136,763 | +€30,913 | +29.2% |
| Amounts payable after more than one year | 17 | €18,448 | - | -€18,448 | |
| Financial debts | 170/4 | €18,448 | - | -€18,448 | |
| Amounts payable within one year | 42/48 | €86,288 | €136,763 | +€50,474 | +58.5% |
| Current portion of amounts payable after more than one year | 42 | €18,253 | €18,448 | +€195 | +1.1% |
| Trade debts | 44 | €2,834 | €3,793 | +€959 | +33.8% |
| Suppliers | 440/4 | €2,834 | €3,793 | +€959 | +33.8% |
| Taxes, remuneration and social security | 45 | €10,799 | €13,893 | +€3,094 | +28.6% |
| Taxes | 450/3 | €10,799 | €13,893 | +€3,094 | +28.6% |
| Other amounts payable | 47/48 | €54,402 | €100,628 | +€46,226 | +85.0% |
| Accrued charges and deferred income | 492/3 | €1,113 | - | -€1,113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,369 | €30,981 | +€612 | +2.0% |
| Other operating charges | 640/8 | €1,976 | €1,937 | -€39 | -2.0% |
| Gross operating margin | 9900 | €133,269 | €144,440 | +€11,171 | +8.4% |
| Operating profit (loss) | 9901 | €100,924 | €111,522 | +€10,598 | +10.5% |
| Financial income | 75/76B | €1,988 | €2,409 | +€421 | +21.2% |
| Recurring financial income | 75 | €584 | €2,409 | +€1,825 | +312% |
| Non-recurring financial income | 76B | €1,404 | - | -€1,404 | |
| Financial charges | 65/66B | €1,754 | €492 | -€1,262 | -72.0% |
| Recurring financial charges | 65 | €1,754 | €492 | -€1,262 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | €101,158 | €113,440 | +€12,281 | +12.1% |
| Income taxes | 67/77 | €30,975 | €34,226 | +€3,251 | +10.5% |
| Profit (loss) for the period | 9904 | €70,184 | €79,214 | +€9,030 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €70,184 | €79,214 | +€9,030 | +12.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.