Apptree: 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.
Apptree
Largest movements
- Receivables within one year +€241,946
up €241,946 (+592%), from €40,839 to €282,785
of which Other amounts receivable: +€196,562
- Intangible fixed assets +€125,333
up €125,333 (+508%), from €24,667 to €150,000
- Cash -€122,325
down €122,325 (-76.5%), from €159,848 to €37,523
mainly Receivables within one year (-€241,946) and Investment in fixed assets (net) (-€150,000)
- Formation expenses +€16,385
new in 2024: €16,385
- Contributions +€400,000
up €400,000 (+64.5%), from €620,109 to €1.0m
- Profit (loss) carried forward -€86,358
down €86,358 (-13.3%), from -€649,502 to -€735,860
- Debts after one year -€43,867
down €43,867 (-28.3%), from €154,829 to €110,962
- Trade debts -€19,238
down €19,238 (-62.2%), from €30,913 to €11,674
- Tax, wage and social debts +€14,202
up €14,202 (+1,632%), from €870 to €15,072
- Financial charges +€8,202
up €8,202 (+504%), from €1,629 to €9,830
- Gross operating margin -€7,207
down €7,207 (-12.7%), from -€56,652 to -€63,859
- Other operating charges -€4,278
down €4,278 (-60.9%), from €7,023 to €2,745
- Depreciation +€671
up €671 (+7.3%), from €9,228 to €9,899
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €230,707 | €491,029 | +€260,322 | +113% |
| Formation expenses | 20 | - | €16,385 | +€16,385 | |
| Fixed assets | 21/28 | €30,020 | €153,735 | +€123,716 | +412% |
| Intangible fixed assets | 21 | €24,667 | €150,000 | +€125,333 | +508% |
| Tangible fixed assets | 22/27 | €4,092 | €2,475 | -€1,617 | -39.5% |
| Furniture and vehicles | 24 | €4,092 | €2,475 | -€1,617 | -39.5% |
| Financial fixed assets | 28 | €1,260 | €1,260 | = | 0.0% |
| Current assets | 29/58 | €200,687 | €320,908 | +€120,221 | +59.9% |
| Amounts receivable within one year | 40/41 | €40,839 | €282,785 | +€241,946 | +592% |
| Trade receivables | 40 | €37,012 | €82,396 | +€45,384 | +123% |
| Other amounts receivable | 41 | €3,827 | €200,389 | +€196,562 | +5,137% |
| Cash at bank and in hand | 54/58 | €159,848 | €37,523 | -€122,325 | -76.5% |
| Deferred charges and accrued income | 490/1 | - | €600 | +€600 | |
| Total equity and liabilities | 10/49 | €230,707 | €491,029 | +€260,322 | +113% |
| Equity | 10/15 | -€29,393 | €284,248 | +€313,642 | |
| Contributions | 10/11 | €620,109 | €1,020,109 | +€400,000 | +64.5% |
| Capital | 10 | €620,109 | €1,020,109 | +€400,000 | +64.5% |
| Issued capital | 100 | €620,109 | €1,020,109 | +€400,000 | +64.5% |
| Profit (loss) carried forward | 14 | -€649,502 | -€735,860 | -€86,358 | -13.3% |
| Amounts payable | 17/49 | €260,100 | €206,781 | -€53,319 | -20.5% |
| Amounts payable after more than one year | 17 | €154,829 | €110,962 | -€43,867 | -28.3% |
| Financial debts | 170/4 | €154,829 | €110,962 | -€43,867 | -28.3% |
| Amounts payable within one year | 42/48 | €105,271 | €95,819 | -€9,452 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €41,850 | €43,867 | +€2,017 | +4.8% |
| Trade debts | 44 | €30,913 | €11,674 | -€19,238 | -62.2% |
| Suppliers | 440/4 | €30,913 | €11,674 | -€19,238 | -62.2% |
| Taxes, remuneration and social security | 45 | €870 | €15,072 | +€14,202 | +1,632% |
| Taxes | 450/3 | €870 | €15,072 | +€14,202 | +1,632% |
| Other amounts payable | 47/48 | €31,638 | €25,205 | -€6,433 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,228 | €9,899 | +€671 | +7.3% |
| Other operating charges | 640/8 | €7,023 | €2,745 | -€4,278 | -60.9% |
| Non-recurring operating charges | 66A | - | €50 | +€50 | |
| Gross operating margin | 9900 | -€56,652 | -€63,859 | -€7,207 | -12.7% |
| Operating profit (loss) | 9901 | -€72,902 | -€76,553 | -€3,651 | -5.0% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €1,629 | €9,830 | +€8,202 | +504% |
| Recurring financial charges | 65 | €1,629 | €9,830 | +€8,202 | +504% |
| Profit (loss) for the period before taxes | 9903 | -€74,531 | -€86,358 | -€11,827 | -15.9% |
| Profit (loss) for the period | 9904 | -€74,531 | -€86,358 | -€11,827 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€74,531 | -€86,358 | -€11,827 | -15.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.