F.K. 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.
F.K. APPELTANTS
Largest movements
- Tangible fixed assets +€274,176
up €274,176 (+52.4%), from €523,479 to €797,655
of which Land and buildings: +€313,837
- Cash -€28,317
down €28,317 (-39.4%), from €71,812 to €43,496
mainly Investment in fixed assets (net) (-€344,530) and Stocks and contracts (-€27,582)
- Stocks and contracts +€27,582
up €27,582 (+152%), from €18,168 to €45,751
- Debts after one year +€248,582
up €248,582 (+116%), from €213,649 to €462,231
of which Financial debts: +€206,669
- Current portion of long-term debt +€17,594
up €17,594 (+54.3%), from €32,377 to €49,971
- Trade debts -€16,796
down €16,796 (-26.7%), from €63,005 to €46,209
- Profit (loss) carried forward +€15,622
up €15,622 (+30.4%), from €51,450 to €67,072
- Financial income +€17,063
up €17,063 (+334,573%), from €5 to €17,068
of which Non-recurring financial income: +€17,000
- Gross operating margin -€14,571
down €14,571 (-4.8%), from €302,792 to €288,221
- Taxes +€7,544
up €7,544 (+753%), from €1,003 to €8,547
- Staff costs -€3,809
down €3,809 (-2.0%), from €186,543 to €182,734
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 | €699,397 | €966,584 | +€267,187 | +38.2% |
| Fixed assets | 21/28 | €523,884 | €798,060 | +€274,176 | +52.3% |
| Tangible fixed assets | 22/27 | €523,479 | €797,655 | +€274,176 | +52.4% |
| Land and buildings | 22 | €331,467 | €645,304 | +€313,837 | +94.7% |
| Plant, machinery and equipment | 23 | €33,777 | €27,803 | -€5,974 | -17.7% |
| Furniture and vehicles | 24 | €158,235 | €124,548 | -€33,687 | -21.3% |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €175,513 | €168,524 | -€6,989 | -4.0% |
| Stocks and contracts in progress | 3 | €18,168 | €45,751 | +€27,582 | +152% |
| Stocks | 30/36 | €18,168 | €45,751 | +€27,582 | +152% |
| Amounts receivable within one year | 40/41 | €71,436 | €68,812 | -€2,624 | -3.7% |
| Trade receivables | 40 | €71,436 | €64,153 | -€7,283 | -10.2% |
| Other amounts receivable | 41 | - | €4,659 | +€4,659 | |
| Cash at bank and in hand | 54/58 | €71,812 | €43,496 | -€28,317 | -39.4% |
| Deferred charges and accrued income | 490/1 | €14,096 | €10,466 | -€3,631 | -25.8% |
| Total equity and liabilities | 10/49 | €699,397 | €966,584 | +€267,187 | +38.2% |
| Equity | 10/15 | €362,969 | €378,591 | +€15,622 | +4.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €292,927 | €292,927 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,616 | €4,616 | = | 0.0% |
| Distributable reserves | 133 | €286,453 | €286,453 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,450 | €67,072 | +€15,622 | +30.4% |
| Amounts payable | 17/49 | €336,428 | €587,993 | +€251,565 | +74.8% |
| Amounts payable after more than one year | 17 | €213,649 | €462,231 | +€248,582 | +116% |
| Financial debts | 170/4 | €129,329 | €335,998 | +€206,669 | +160% |
| Other amounts payable | 178/9 | €84,320 | €126,233 | +€41,913 | +49.7% |
| Amounts payable within one year | 42/48 | €122,779 | €125,762 | +€2,983 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €32,377 | €49,971 | +€17,594 | +54.3% |
| Trade debts | 44 | €63,005 | €46,209 | -€16,796 | -26.7% |
| Suppliers | 440/4 | €63,005 | €46,209 | -€16,796 | -26.7% |
| Taxes, remuneration and social security | 45 | €27,397 | €29,583 | +€2,185 | +8.0% |
| Taxes | 450/3 | €5,447 | €10,887 | +€5,440 | +99.9% |
| Remuneration and social security | 454/9 | €21,951 | €18,696 | -€3,255 | -14.8% |
| Remuneration, social security and pensions | 62 | €186,543 | €182,734 | -€3,809 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,563 | €70,354 | +€1,791 | +2.6% |
| Other operating charges | 640/8 | €18,143 | €18,365 | +€223 | +1.2% |
| Gross operating margin | 9900 | €302,792 | €288,221 | -€14,571 | -4.8% |
| Operating profit (loss) | 9901 | €29,544 | €16,768 | -€12,776 | -43.2% |
| Financial income | 75/76B | €5 | €17,068 | +€17,063 | +334,573% |
| Recurring financial income | 75 | €5 | €68 | +€63 | +1,239% |
| Non-recurring financial income | 76B | - | €17,000 | +€17,000 | |
| Financial charges | 65/66B | €9,327 | €9,668 | +€341 | +3.7% |
| Recurring financial charges | 65 | €9,327 | €9,668 | +€341 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €20,222 | €24,168 | +€3,946 | +19.5% |
| Income taxes | 67/77 | €1,003 | €8,547 | +€7,544 | +753% |
| Profit (loss) for the period | 9904 | €19,220 | €15,622 | -€3,598 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,220 | €15,622 | -€3,598 | -18.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.