APPTITUDE: 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.
APPTITUDE
Largest movements
- Cash +€21,968
up €21,968 (+39.8%), from €55,185 to €77,153
mainly Other debts (+€55,576) and Net result for the year (+€20,963)
- Tangible fixed assets -€5,369
down €5,369 (-4.9%), from €108,501 to €103,132
of which Land and buildings: -€6,741
- Receivables within one year +€3,953
up €3,953 (+31.1%), from €12,719 to €16,672
of which Trade receivables: +€3,953
- Other debts +€55,576
up €55,576 (+1212.9%), from €4,582 to €60,158
- Reserves -€39,037
down €39,037 (-77.7%), from €50,212 to €11,175
- Accrued charges and deferred income +€11,000
new in 2025: €11,000
- Debts after one year -€7,204
down €7,204 (-8.2%), from €88,030 to €80,825
- Trade debts +€2,381
up €2,381 (+162.8%), from €1,462 to €3,843
- Gross operating margin +€6,629
up €6,629 (+19.7%), from €33,733 to €40,362
- Taxes +€1,411
up €1,411 (+27.3%), from €5,174 to €6,585
- Financial charges -€985
down €985 (-38.6%), from €2,549 to €1,564
- Other operating charges -€429
down €429 (-21.4%), from €2,009 to €1,580
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 | €176,405 | €196,957 | +€20,552 | +11.7% |
| Fixed assets | 21/28 | €108,501 | €103,132 | -€5,369 | -4.9% |
| Tangible fixed assets | 22/27 | €108,501 | €103,132 | -€5,369 | -4.9% |
| Land and buildings | 22 | €102,760 | €96,019 | -€6,741 | -6.6% |
| Plant, machinery and equipment | 23 | €3,205 | €1,566 | -€1,639 | -51.1% |
| Furniture and vehicles | 24 | €2,535 | €5,547 | +€3,012 | +118.8% |
| Current assets | 29/58 | €67,904 | €93,825 | +€25,921 | +38.2% |
| Amounts receivable within one year | 40/41 | €12,719 | €16,672 | +€3,953 | +31.1% |
| Trade receivables | 40 | €12,197 | €16,150 | +€3,953 | +32.4% |
| Other amounts receivable | 41 | €522 | €522 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €55,185 | €77,153 | +€21,968 | +39.8% |
| Total equity and liabilities | 10/49 | €176,405 | €196,957 | +€20,552 | +11.7% |
| Equity | 10/15 | €68,812 | €29,775 | -€39,037 | -56.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,212 | €11,175 | -€39,037 | -77.7% |
| Distributable reserves | 133 | €50,212 | €11,175 | -€39,037 | -77.7% |
| Amounts payable | 17/49 | €107,593 | €167,182 | +€59,589 | +55.4% |
| Amounts payable after more than one year | 17 | €88,030 | €80,825 | -€7,204 | -8.2% |
| Financial debts | 170/4 | €88,030 | €80,825 | -€7,204 | -8.2% |
| Amounts payable within one year | 42/48 | €19,563 | €75,357 | +€55,793 | +285.2% |
| Current portion of amounts payable after more than one year | 42 | €7,204 | €7,204 | = | 0.0% |
| Trade debts | 44 | €1,462 | €3,843 | +€2,381 | +162.8% |
| Suppliers | 440/4 | €1,462 | €3,843 | +€2,381 | +162.8% |
| Taxes, remuneration and social security | 45 | €6,314 | €4,151 | -€2,163 | -34.3% |
| Taxes | 450/3 | €5,551 | €4,151 | -€1,400 | -25.2% |
| Remuneration and social security | 454/9 | €763 | - | -€763 | |
| Other amounts payable | 47/48 | €4,582 | €60,158 | +€55,576 | +1212.9% |
| Accrued charges and deferred income | 492/3 | - | €11,000 | +€11,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,727 | €9,669 | -€58 | -0.6% |
| Other operating charges | 640/8 | €2,009 | €1,580 | -€429 | -21.4% |
| Gross operating margin | 9900 | €33,733 | €40,362 | +€6,629 | +19.7% |
| Operating profit (loss) | 9901 | €21,996 | €29,113 | +€7,116 | +32.4% |
| Financial charges | 65/66B | €2,549 | €1,564 | -€985 | -38.6% |
| Recurring financial charges | 65 | €2,549 | €1,564 | -€985 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | €19,447 | €27,548 | +€8,101 | +41.7% |
| Income taxes | 67/77 | €5,174 | €6,585 | +€1,411 | +27.3% |
| Profit (loss) for the period | 9904 | €14,273 | €20,963 | +€6,690 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,273 | €20,963 | +€6,690 | +46.9% |
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 3 October 2026 via checked.be.