Docteur André APPELTANTS: 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.
Docteur André APPELTANTS
Largest movements
- Cash +€84,401
up €84,401 (+53.0%), from €159,335 to €243,736
mainly Receivables within one year (+€77,719) and Net result for the year (+€46,437)
- Receivables within one year -€77,719
down €77,719 (-42.6%), from €182,332 to €104,613
of which Other amounts receivable: -€66,130
- Tangible fixed assets -€28,523
down €28,523 (-26.9%), from €106,018 to €77,495
of which Plant, machinery and equipment: -€21,714
- Reserves -€54,562
down €54,562 (-11.0%), from €495,724 to €441,162
of which Distributable reserves: -€54,562
- Other debts +€36,101
up €36,101 (+46.3%), from €78,015 to €114,116
- Accrued charges and deferred income +€20,344
new in 2025: €20,344
- Trade debts -€17,736
down €17,736 (-87.4%), from €20,298 to €2,562
- Financial charges +€17,472
up €17,472 (+6,544%), from €267 to €17,739
of which Non-recurring financial charges: +€17,107
- Gross operating margin +€8,976
up €8,976 (+4.4%), from €203,564 to €212,540
- Taxes +€6,211
up €6,211 (+23.4%), from €26,500 to €32,711
- Staff costs -€5,008
down €5,008 (-5.8%), from €87,065 to €82,057
- Depreciation -€3,308
down €3,308 (-9.1%), from €36,285 to €32,977
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 | €633,901 | €613,540 | -€20,361 | -3.2% |
| Fixed assets | 21/28 | €156,338 | €127,815 | -€28,523 | -18.2% |
| Tangible fixed assets | 22/27 | €106,018 | €77,495 | -€28,523 | -26.9% |
| Plant, machinery and equipment | 23 | €66,471 | €44,757 | -€21,714 | -32.7% |
| Furniture and vehicles | 24 | €32,815 | €28,820 | -€3,995 | -12.2% |
| Other tangible fixed assets | 26 | €6,732 | €3,919 | -€2,813 | -41.8% |
| Financial fixed assets | 28 | €50,320 | €50,320 | -€0 | 0.0% |
| Current assets | 29/58 | €477,563 | €485,725 | +€8,162 | +1.7% |
| Amounts receivable within one year | 40/41 | €182,332 | €104,613 | -€77,719 | -42.6% |
| Trade receivables | 40 | €16,451 | €4,861 | -€11,590 | -70.4% |
| Other amounts receivable | 41 | €165,881 | €99,751 | -€66,130 | -39.9% |
| Current investments | 50/53 | €133,913 | €133,913 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €159,335 | €243,736 | +€84,401 | +53.0% |
| Deferred charges and accrued income | 490/1 | €1,983 | €3,463 | +€1,480 | +74.6% |
| Total equity and liabilities | 10/49 | €633,901 | €613,540 | -€20,361 | -3.2% |
| Equity | 10/15 | €509,358 | €454,796 | -€54,562 | -10.7% |
| Contributions | 10/11 | €13,634 | €13,634 | +€0 | 0.0% |
| Capital | 10 | €13,634 | - | -€13,634 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Uncalled capital | 101 | €4,958 | - | -€4,958 | |
| Reserves | 13 | €495,724 | €441,162 | -€54,562 | -11.0% |
| Non-distributable reserves | 130/1 | €13,364 | €13,364 | +€0 | 0.0% |
| Legal reserve | 130 | €13,364 | - | -€13,364 | |
| Reserves not available under the articles | 1311 | - | €13,364 | +€13,364 | |
| Distributable reserves | 133 | €482,360 | €427,798 | -€54,562 | -11.3% |
| Amounts payable | 17/49 | €124,543 | €158,744 | +€34,201 | +27.5% |
| Amounts payable within one year | 42/48 | €124,543 | €138,400 | +€13,857 | +11.1% |
| Trade debts | 44 | €20,298 | €2,562 | -€17,736 | -87.4% |
| Suppliers | 440/4 | €20,298 | €2,562 | -€17,736 | -87.4% |
| Taxes, remuneration and social security | 45 | €26,230 | €21,722 | -€4,508 | -17.2% |
| Taxes | 450/3 | - | €10,540 | +€10,540 | |
| Remuneration and social security | 454/9 | €26,230 | €11,182 | -€15,048 | -57.4% |
| Other amounts payable | 47/48 | €78,015 | €114,116 | +€36,101 | +46.3% |
| Accrued charges and deferred income | 492/3 | - | €20,344 | +€20,344 | |
| Remuneration, social security and pensions | 62 | €87,065 | €82,057 | -€5,008 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,285 | €32,977 | -€3,308 | -9.1% |
| Other operating charges | 640/8 | €1,178 | €1,028 | -€150 | -12.7% |
| Gross operating margin | 9900 | €203,564 | €212,540 | +€8,976 | +4.4% |
| Operating profit (loss) | 9901 | €79,036 | €96,478 | +€17,442 | +22.1% |
| Financial income | 75/76B | €169 | €410 | +€241 | +143% |
| Recurring financial income | 75 | €169 | €410 | +€241 | +143% |
| Financial charges | 65/66B | €267 | €17,739 | +€17,472 | +6,544% |
| Recurring financial charges | 65 | €267 | €632 | +€365 | +137% |
| Non-recurring financial charges | 66B | - | €17,107 | +€17,107 | |
| Profit (loss) for the period before taxes | 9903 | €78,938 | €79,149 | +€211 | +0.3% |
| Income taxes | 67/77 | €26,500 | €32,711 | +€6,211 | +23.4% |
| Profit (loss) for the period | 9904 | €52,438 | €46,437 | -€6,001 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,438 | €46,437 | -€6,001 | -11.4% |
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 25 October 2026 via checked.be.