DEN APPEL: 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.
DEN APPEL
Largest movements
- Receivables within one year -€1,111
down €1,111 (-4.7%), from €23,425 to €22,314
of which Other amounts receivable: -€990
- Profit (loss) carried forward -€815
down €815 (-2.5%), from -€32,848 to -€33,663
- Gross operating margin +€446
up €446 (+58.8%), from -€758 to -€313
- Other operating charges -€232
down €232 (-78.9%), from €294 to €62
- Financial charges +€163
up €163 (+58.9%), from €277 to €440
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 | €23,503 | €22,527 | -€977 | -4.2% |
| Current assets | 29/58 | €23,503 | €22,527 | -€977 | -4.2% |
| Amounts receivable within one year | 40/41 | €23,425 | €22,314 | -€1,111 | -4.7% |
| Trade receivables | 40 | €121 | - | -€121 | |
| Other amounts receivable | 41 | €23,304 | €22,314 | -€990 | -4.2% |
| Cash at bank and in hand | 54/58 | €78 | €213 | +€134 | +172% |
| Total equity and liabilities | 10/49 | €23,503 | €22,527 | -€977 | -4.2% |
| Equity | 10/15 | €152 | -€663 | -€815 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,848 | -€33,663 | -€815 | -2.5% |
| Amounts payable | 17/49 | €23,352 | €23,189 | -€162 | -0.7% |
| Amounts payable within one year | 42/48 | €23,352 | €23,189 | -€162 | -0.7% |
| Trade debts | 44 | €185 | €23 | -€162 | -87.7% |
| Suppliers | 440/4 | €185 | €23 | -€162 | -87.7% |
| Other amounts payable | 47/48 | €23,167 | €23,167 | = | 0.0% |
| Other operating charges | 640/8 | €294 | €62 | -€232 | -78.9% |
| Gross operating margin | 9900 | -€758 | -€313 | +€446 | +58.8% |
| Operating profit (loss) | 9901 | -€1,052 | -€375 | +€678 | +64.4% |
| Financial charges | 65/66B | €277 | €440 | +€163 | +58.9% |
| Recurring financial charges | 65 | €277 | €440 | +€163 | +58.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,329 | -€815 | +€515 | +38.7% |
| Profit (loss) for the period | 9904 | -€1,329 | -€815 | +€515 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,329 | -€815 | +€515 | +38.7% |
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 13 October 2026 via checked.be.