DE APPELBOOM: 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.
DE APPELBOOM
Largest movements
- Receivables within one year -€26,915
down €26,915 (-6.6%), from €407,050 to €380,135
of which Other amounts receivable: -€22,538
- Tax, wage and social debts -€47,509
down €47,509 (-99.9%), from €47,557 to €48
- Short-term financial debts +€12,677
new in 2025: €12,677
- Reserves +€6,372
up €6,372 (+12.4%), from €51,289 to €57,661
of which Distributable reserves: +€6,372
- Gross operating margin -€102,216
down €102,216, from €91,755 to -€10,461
- Taxes -€45,707
down €45,707, from €30,879 to -€14,828
- Financial income +€10,345
up €10,345 (+540%), from €1,915 to €12,260
of which Financial income: +€10,345
- Financial charges -€1,164
down €1,164 (-13.9%), from €8,380 to €7,216
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 | €411,880 | €383,730 | -€28,150 | -6.8% |
| Fixed assets | 21/28 | €169 | €0 | -€169 | -100% |
| Tangible fixed assets | 22/27 | €169 | €0 | -€169 | -100% |
| Other tangible fixed assets | 26 | €169 | €0 | -€169 | -100% |
| Current assets | 29/58 | €411,711 | €383,730 | -€27,981 | -6.8% |
| Amounts receivable within one year | 40/41 | €407,050 | €380,135 | -€26,915 | -6.6% |
| Trade receivables | 40 | €95,695 | €91,318 | -€4,377 | -4.6% |
| Other amounts receivable | 41 | €311,355 | €288,817 | -€22,538 | -7.2% |
| Cash at bank and in hand | 54/58 | €1,055 | €2,287 | +€1,232 | +117% |
| Deferred charges and accrued income | 490/1 | €3,606 | €1,308 | -€2,298 | -63.7% |
| Total equity and liabilities | 10/49 | €411,880 | €383,730 | -€28,150 | -6.8% |
| Equity | 10/15 | €357,487 | €363,858 | +€6,372 | +1.8% |
| Contributions | 10/11 | €306,197 | €306,197 | = | 0.0% |
| Reserves | 13 | €51,289 | €57,661 | +€6,372 | +12.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €51,289 | €57,661 | +€6,372 | +12.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €54,394 | €19,872 | -€34,522 | -63.5% |
| Amounts payable within one year | 42/48 | €54,394 | €18,842 | -€35,551 | -65.4% |
| Financial debts | 43 | - | €12,677 | +€12,677 | |
| Credit institutions | 430/8 | - | €12,677 | +€12,677 | |
| Trade debts | 44 | €6,837 | €6,118 | -€719 | -10.5% |
| Suppliers | 440/4 | €6,837 | €6,118 | -€719 | -10.5% |
| Taxes, remuneration and social security | 45 | €47,557 | €48 | -€47,509 | -99.9% |
| Taxes | 450/3 | €47,557 | €48 | -€47,509 | -99.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €1,030 | +€1,030 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257 | €169 | -€88 | -34.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,960 | €2,871 | -€89 | -3.0% |
| Gross operating margin | 9900 | €91,755 | -€10,461 | -€102,216 | |
| Operating profit (loss) | 9901 | €88,538 | -€13,501 | -€102,038 | |
| Financial income | 75/76B | €1,915 | €12,260 | +€10,345 | +540% |
| Recurring financial income | 75 | €1,915 | €12,260 | +€10,345 | +540% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €8,380 | €7,216 | -€1,164 | -13.9% |
| Recurring financial charges | 65 | €8,380 | €7,216 | -€1,164 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €82,073 | -€8,456 | -€90,529 | |
| Income taxes | 67/77 | €30,879 | -€14,828 | -€45,707 | |
| Profit (loss) for the period | 9904 | €51,194 | €6,372 | -€44,822 | -87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,194 | €6,372 | -€44,822 | -87.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.