ASKAPPEL: 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.
ASKAPPEL
Largest movements
- Tangible fixed assets -€37,244
down €37,244 (-9.8%), from €378,637 to €341,392
of which Land and buildings: -€32,857
- Cash +€22,578
up €22,578 (+54.4%), from €41,540 to €64,117
mainly Depreciation (+€38,963) and Net result for the year (+€17,933)
- Debts after one year -€18,912
down €18,912 (-17.1%), from €110,806 to €91,894
- Profit (loss) carried forward +€17,036
up €17,036 (+24.7%), from €68,885 to €85,921
- Current portion of long-term debt -€11,191
down €11,191 (-37.2%), from €30,103 to €18,912
- Trade debts -€8,874
down €8,874 (-78.4%), from €11,315 to €2,440
- Tax, wage and social debts +€6,577
up €6,577 (+236.1%), from €2,786 to €9,363
of which Taxes: +€6,565
- Gross operating margin +€7,770
up €7,770 (+10.7%), from €72,347 to €80,117
- Taxes +€3,474
up €3,474 (+113.7%), from €3,054 to €6,528
- Write-downs +€1,755
no longer reported in 2025 (was -€1,755)
- Other operating charges -€1,559
down €1,559 (-9.8%), from €15,944 to €14,385
- Depreciation -€1,525
down €1,525 (-3.8%), from €40,488 to €38,963
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 | €428,472 | €413,996 | -€14,476 | -3.4% |
| Fixed assets | 21/28 | €378,637 | €341,392 | -€37,244 | -9.8% |
| Tangible fixed assets | 22/27 | €378,637 | €341,392 | -€37,244 | -9.8% |
| Land and buildings | 22 | €338,851 | €305,994 | -€32,857 | -9.7% |
| Plant, machinery and equipment | 23 | €39,786 | €33,992 | -€5,793 | -14.6% |
| Furniture and vehicles | 24 | - | €1,406 | +€1,406 | |
| Current assets | 29/58 | €49,836 | €72,604 | +€22,769 | +45.7% |
| Amounts receivable within one year | 40/41 | €3,521 | €3,531 | +€10 | +0.3% |
| Trade receivables | 40 | €1,021 | €3,334 | +€2,313 | +226.4% |
| Other amounts receivable | 41 | €2,500 | €197 | -€2,303 | -92.1% |
| Cash at bank and in hand | 54/58 | €41,540 | €64,117 | +€22,578 | +54.4% |
| Deferred charges and accrued income | 490/1 | €4,775 | €4,956 | +€181 | +3.8% |
| Total equity and liabilities | 10/49 | €428,472 | €413,996 | -€14,476 | -3.4% |
| Equity | 10/15 | €271,409 | €289,342 | +€17,933 | +6.6% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Capital | 10 | €198,315 | €198,315 | = | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €4,209 | €5,106 | +€897 | +21.3% |
| Non-distributable reserves | 130/1 | €4,209 | €5,106 | +€897 | +21.3% |
| Legal reserve | 130 | €4,209 | €5,106 | +€897 | +21.3% |
| Profit (loss) carried forward | 14 | €68,885 | €85,921 | +€17,036 | +24.7% |
| Amounts payable | 17/49 | €157,063 | €124,654 | -€32,409 | -20.6% |
| Amounts payable after more than one year | 17 | €110,806 | €91,894 | -€18,912 | -17.1% |
| Financial debts | 170/4 | €110,806 | €91,894 | -€18,912 | -17.1% |
| Amounts payable within one year | 42/48 | €46,257 | €32,760 | -€13,497 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €30,103 | €18,912 | -€11,191 | -37.2% |
| Financial debts | 43 | €42 | €43 | +€1 | +2.8% |
| Credit institutions | 430/8 | €42 | €43 | +€1 | +2.8% |
| Trade debts | 44 | €11,315 | €2,440 | -€8,874 | -78.4% |
| Suppliers | 440/4 | €11,315 | €2,440 | -€8,874 | -78.4% |
| Taxes, remuneration and social security | 45 | €2,786 | €9,363 | +€6,577 | +236.1% |
| Taxes | 450/3 | €2,398 | €8,963 | +€6,565 | +273.7% |
| Remuneration and social security | 454/9 | €387 | €400 | +€12 | +3.2% |
| Other amounts payable | 47/48 | €2,012 | €2,002 | -€10 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,488 | €38,963 | -€1,525 | -3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,755 | - | +€1,755 | |
| Other operating charges | 640/8 | €15,944 | €14,385 | -€1,559 | -9.8% |
| Gross operating margin | 9900 | €72,347 | €80,117 | +€7,770 | +10.7% |
| Operating profit (loss) | 9901 | €17,669 | €26,769 | +€9,100 | +51.5% |
| Financial charges | 65/66B | €3,153 | €2,309 | -€844 | -26.8% |
| Recurring financial charges | 65 | €3,153 | €2,309 | -€844 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €14,517 | €24,461 | +€9,944 | +68.5% |
| Income taxes | 67/77 | €3,054 | €6,528 | +€3,474 | +113.7% |
| Profit (loss) for the period | 9904 | €11,462 | €17,933 | +€6,470 | +56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,462 | €17,933 | +€6,470 | +56.4% |
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 1 October 2026 via checked.be.